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UnitedHealth Group UNH Operating margin

Operating margin at other companies

Humana logo
HumanaHUM
2.7%-1.7pp
CVS Health logo
CVS HealthCVS
1.5%-1.1pp
DaVita logo
DaVitaDVA
15.1%-0.7pp
Centene logo
CenteneCNC
-2.8%-3.9pp
Molina Healthcare logo
Molina HealthcareMOH
3%-1.2pp
HQY
HealthEquityHQY
25.6%+9.2pp

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
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 trailing twelve months.

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 operating margin?
UnitedHealth Group (UNH) reported operating margin of 4.2% in Q1 2026.
How has UnitedHealth Group's operating margin changed year-over-year?
UnitedHealth Group's operating margin decreased by 48.7% year-over-year, from 8.2% to 4.2%.
What is the long-term trend for UnitedHealth Group's operating margin?
Over 5 years (2020 to 2025), UnitedHealth Group's operating margin has grown at a -13.4% compound annual growth rate (CAGR), from 8.7% to 4.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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