What are UnitedHealth Group's profit margins?

UnitedHealth Group (UNH) runs a 88.6% gross margin and a 4.2% operating margin, with a 2.7% net margin.

Where do UnitedHealth Group's ratios come from?

Every ratio is computed from UnitedHealth Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

UnitedHealth Group UNH Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	88.6%0.0pp	88.7%+0.3pp	88.4%+0.2pp	88.2%0.0pp	88.3%0.0pp
Operating margin	4.2%0.0pp	4.2%-1.8pp	6.1%-1.2pp	7.3%-0.9pp	8.2%+0.1pp
Net margin	2.7%0.0pp	2.7%-1.3pp	4%-1.0pp	5%-0.4pp	5.4%+1.8pp
EBITDA margin	5.2%-0.1pp	5.2%-1.8pp	7%-1.2pp	8.3%-0.9pp	9.2%+0.1pp
Free cash flow margin	4.4%+0.8pp	3.6%-0.4pp	4%-2.0pp	6%-0.1pp	6.1%+0.9pp
Returns
Return on equity	11.8%-0.4pp	12.2%-5.3pp	17.5%-4.4pp	21.8%-1.1pp	22.9%+7.9pp
Return on assets	3.9%-0.1pp	4%-1.8pp	5.7%-1.4pp	7.2%-0.3pp	7.4%+2.4pp
Return on invested capital	12.3%+0.2pp	12.1%-2.4pp	14.5%-2.8pp	17.3%-1.5pp	18.9%+2.0pp
Efficiency
Asset turnover	1.4×0.0×	1.5×+0.1×	1.4×0.0×	1.4×0.0×	1.4×0.0×
Liquidity
Current ratio	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Quick ratio	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.3×0.0×	0.3×0.0×
Leverage
Debt-to-equity	0.8×-0.1×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Debt-to-assets	0.2×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	2.2×-0.4×	2.5×+0.8×	1.7×+0.3×	1.4×+0.1×	1.3×-0.2×
Interest coverage	4.8×0.0×	4.7×-1.8×	6.5×-1.0×	7.5×-0.7×	8.2×0.0×
Per Share
Book value per share	$114.17+3.9%	$109.87-1.8%	$111.86+1.3%	$110.41+0.5%	$109.82+3.8%
Valuation
Market capitalization	$245.61B-17.9%	$299.03B-4.4%	$312.73B+12.8%	$277.24B-42.1%	$479.08B+2.9%
Enterprise value	$295.52B-17.4%	$357.67B-2.2%	$365.66B+11.5%	$327.84B-38.1%	$529.63B+1.5%
Price / earnings	20.4×-4.4×	24.8×+7.0×	17.8×+4.8×	13×-8.7×	21.7×-10.6×
Price / sales	0.5×-0.1×	0.7×-0.1×	0.7×+0.1×	0.7×-0.5×	1.2×0.0×
Price / book	2.4×-0.6×	3×-0.1×	3.1×+0.3×	2.8×-2.0×	4.8×0.0×
EV / EBITDA	12.8×-2.6×	15.3×+3.4×	11.9×+2.6×	9.4×-4.7×	14.1×-0.3×
EV / sales	0.7×-0.1×	0.8×0.0×	0.8×+0.1×	0.8×-0.5×	1.3×0.0×
Free cash flow yield	8%+2.6pp	5.4%-0.2pp	5.6%-3.6pp	9.1%+3.9pp	5.2%+0.7pp
Earnings yield	4.9%+0.9pp	4%-1.6pp	5.6%-2.1pp	7.7%+3.1pp	4.6%+1.5pp
Dividend yield	3.3%+0.6pp	2.6%+0.1pp	2.5%-0.3pp	2.8%+1.2pp	1.6%0.0pp

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Questions, answered.

What are UnitedHealth Group's profit margins?: UnitedHealth Group (UNH) runs a 88.6% gross margin and a 4.2% operating margin, with a 2.7% net margin.
Where do UnitedHealth Group's ratios come from?: Every ratio is computed from UnitedHealth Group's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.