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UnitedHealth Group UNH Net debt / EBITDA

Net debt / EBITDA at other companies

Humana logo
HumanaHUM
+1.6×
CVS Health logo
CVS HealthCVS
0.5×0.0×
DaVita logo
DaVitaDVA
4.5×+0.2×
Centene logo
CenteneCNC
+1.0×
Elevance Health logo
Elevance HealthELV
2.4×+0.4×
Molina Healthcare logo
Molina HealthcareMOH
-0.2×-0.1×

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$376.34B+72.2%
Enterprise value$426.25B+58.3%
P/E31.3×+21.0×
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

Calculated from UnitedHealth Group’s reported figures.

Based on the most recent quarter.

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

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

FAQ

What is UnitedHealth Group's net debt / EBITDA?
UnitedHealth Group (UNH) reported net debt / EBITDA of 2.2× in Q1 2026.
How has UnitedHealth Group's net debt / EBITDA changed year-over-year?
UnitedHealth Group's net debt / EBITDA increased by 60.4% year-over-year, from 1.3× to 2.2×.
What is the long-term trend for UnitedHealth Group's net debt / EBITDA?
Over 5 years (2020 to 2025), UnitedHealth Group's net debt / EBITDA has grown at a 16.1% compound annual growth rate (CAGR), from 1.2× to 2.5×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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