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UnitedHealth Group UNH Debt-to-equity

Debt-to-equity at other companies

Humana logo
HumanaHUM
0.8×0.0×
CVS Health logo
CVS HealthCVS
0.2×0.0×
Centene logo
CenteneCNC
0.8×+0.1×
Elevance Health logo
Elevance HealthELV
0.7×+0.1×
Cigna logo
CignaCI
0.0×
Cencora logo
CencoraCOR
3.6×-3.4×

Other financials

Income statement

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Revenue$111.72B+2.0%
Gross profit$98.9B+1.8%
Operating income$9.0B-1.4%
Net income$6.3B-0.2%
EPS (diluted)$6.90+0.7%

Balance sheet

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Cash & equivalents$28.0B-8.8%
Total debt$77.9B-4.1%
Total equity$103.90B+3.1%
Total assets$312.64B+0.9%

Cash flow

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Operating cash flow$8.9B+63.3%
CapEx$763.0M-15.0%
Free cash flow$8.1B+78.8%

Valuation

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Market cap$362.83B-48.7%
Enterprise value$412.75B-44.2%
P/E30.1×-1.9×
P/S0.8×-0.9×

Profitability

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Gross margin88.6%+0.4pp
Operating margin4.2%-4.0pp
Net margin2.7%-2.7pp

Returns & leverage

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Return on equity11.8%-11.1pp
Current ratio0.8×-0.1×

Where this comes from

Calculated from UnitedHealth Group’s reported figures.

Based on the most recent quarter.

The official record: UnitedHealth Group’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UnitedHealth Group's debt-to-equity?
UnitedHealth Group (UNH) reported debt-to-equity of 0.8× in Q1 2026.
How has UnitedHealth Group's debt-to-equity changed year-over-year?
UnitedHealth Group's debt-to-equity decreased by 7.0% year-over-year, from 0.8× to 0.8×.
What is the long-term trend for UnitedHealth Group's debt-to-equity?
Over 4 years (2021 to 2025), UnitedHealth Group's debt-to-equity has grown at a 4.4% compound annual growth rate (CAGR), from 2.7× to 3.2×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.