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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
Centene logo
CenteneCNC
-3.7%-5.8pp
Cigna logo
CignaCI
3.4%-0.1pp
Cencora logo
CencoraCOR
0.8%0.0pp
Omnicom Group logo
Omnicom GroupOMC
13.1%-1.4pp

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
Net margin2.7%-2.7pp

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 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 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 4 years (2021 to 2025), UnitedHealth Group's operating margin has grown at a -6.1% compound annual growth rate (CAGR), from 33.1% to 25.7%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.