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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	354%+0.4pp	353.6%+0.3pp	353.3%-0.3pp	353.6%-0.9pp	354.4%-1.1pp
Operating margin	21.8%-4.0pp	25.7%-3.8pp	29.6%-2.1pp	31.7%-1.0pp	32.7%-0.3pp
Net margin	14.5%-2.7pp	17.2%-0.9pp	18.1%+0.4pp	17.7%+1.4pp	16.3%+1.3pp
Returns
Return on equity	63.2%-11.1pp	74.3%-2.8pp	77.1%+2.3pp	74.8%+6.3pp	68.4%+5.6pp
Return on invested capital	56.3%-6.5pp	62.8%-4.7pp	67.6%-4.1pp	71.7%-1.2pp	72.9%-0.1pp
Efficiency
Asset turnover	5.8×+0.1×	5.7×+0.1×	5.6×+0.1×	5.6×+0.1×	5.5×0.0×
Liquidity
Current ratio	3.3×-0.1×	3.3×0.0×	3.3×-0.1×	3.4×0.0×	3.5×0.0×
Leverage
Debt-to-equity	3.2×-0.1×	3.2×0.0×	3.2×0.0×	3.2×0.0×	3.2×0.0×
Net debt / EBITDA	7.8×+0.8×	7×+1.0×	6.1×+0.5×	5.6×+0.1×	5.5×+0.1×
Per Share
Book value per share	$446.30+1.0%	$441.95+0.9%	$437.86+1.0%	$433.40+2.0%	$425.01+2.3%
Valuation
Market capitalization	$1.13T-17.1%	$1.37T-10.9%	$1.53T-12.8%	$1.76T-9.8%	$1.95T+1.2%
Price / earnings	76×-1.3×	77.3×-7.5×	84.8×-19.8×	104.6×-20.2×	124.9×-8.0×
Price / sales	2.6×-0.6×	3.2×-0.5×	3.7×-0.6×	4.4×-0.6×	4.9×0.0×
Price / book	11.2×-2.4×	13.6×-1.7×	15.3×-2.3×	17.6×-2.2×	19.8×-0.2×
EV / EBITDA	49.4×-1.3×	50.7×+1.0×	49.7×-4.2×	53.9×-5.0×	58.9×+0.2×
Dividend yield	11.2%+1.7pp	9.6%+1.0pp	8.5%+1.1pp	7.4%+1.3pp	6.1%+0.1pp

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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.