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UnitedHealth Group UNH Equity Method Investments

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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$374.84B+68.1%
Enterprise value$424.75B+55.3%
P/E31.1×+20.7×
P/S0.8×+0.3×

Profitability

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Gross margin88.6%+0.4pp
Operating margin4.2%-4.0pp
Net margin2.7%-2.7pp
FCF margin4.4%-1.7pp

Returns & leverage

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Return on equity11.8%-11.1pp
Debt / equity0.8×-0.1×
Current ratio0.8×-0.1×

Where this comes from

Reported directly by UnitedHealth Group in its filing.

Tagged under the XBRL concept us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount.

The source filing: UnitedHealth Group’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:38 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000731766-26-000127

The Company held $5.5 billion of equity securities as of March 31, 2026 and December 31, 2025. The Company’s investments in equity securities primarily consist of venture investments and employee savings plan related investments. The carrying values of equity securities held at fair value on a non-recurring basis were $3.5 billion and $3.3 billion, including cumulative net unrealized gains of $933 million and $846 million, as of March 31, 2026 and December 31, 2025, respectively.

Item 1. Financial Statements (unaudited)

FAQ

What is UnitedHealth Group's equity method investments?
UnitedHealth Group (UNH) reported equity method investments of $3.5B in Q1 2026.
How has UnitedHealth Group's equity method investments changed year-over-year?
UnitedHealth Group's equity method investments increased by 2.9% year-over-year, from $3.4B to $3.5B.
What is the long-term trend for UnitedHealth Group's equity method investments?
Over 5 years (2020 to 2025), UnitedHealth Group's equity method investments has grown at a -39.7% compound annual growth rate (CAGR), from $41.24B to $3.3B.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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