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%+0.4pp	88.7%+0.3pp	88.4%-0.3pp	88.2%-0.9pp	88.3%-1.1pp
Operating margin	4.2%-4.0pp	4.2%-3.8pp	6.1%-2.1pp	7.3%-1.0pp	8.2%-0.3pp
Net margin	2.7%-2.7pp	2.7%-0.9pp	4%+0.4pp	5%+1.4pp	5.4%+1.3pp
EBITDA margin	5.2%-4.0pp	5.2%-3.9pp	7%-2.2pp	8.3%-1.1pp	9.2%-0.4pp
Free cash flow margin	4.4%-1.7pp	3.6%-1.6pp	4%—	6%—	6.1%—
Returns
Return on equity	11.8%-11.1pp	12.2%-2.8pp	17.5%+2.3pp	21.8%+6.3pp	22.9%+5.6pp
Return on assets	3.9%-3.6pp	4%-1.1pp	5.7%+0.8pp	7.2%+2.2pp	7.4%+2.0pp
Return on invested capital	12.3%-6.5pp	12.1%-4.7pp	14.5%-4.1pp	17.3%-1.2pp	18.9%-0.1pp
Efficiency
Asset turnover	1.4×+0.1×	1.5×+0.1×	1.4×+0.1×	1.4×+0.1×	1.4×0.0×
Liquidity
Current ratio	0.8×-0.1×	0.8×0.0×	0.8×-0.1×	0.8×0.0×	0.8×0.0×
Quick ratio	0.8×-0.1×	0.8×0.0×	0.8×-0.1×	0.8×0.0×	0.8×0.0×
Cash ratio	0.2×0.0×	0.2×0.0×	0.2×-0.1×	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×+0.8×	2.5×+1.0×	1.7×+0.5×	1.4×+0.1×	1.3×+0.1×
Interest coverage	4.8×-3.5×	4.7×-3.5×	6.5×-2.1×	7.5×-1.7×	8.2×-1.4×
Per Share
Book value per share	$114.17+4.0%	$109.87+3.9%	$111.86+4.2%	$110.41+8.2%	$109.82+9.6%
Valuation
Market capitalization	$245.61B-48.7%	$299.03B-35.8%	$312.73B-41.9%	$277.24B-40.9%	$479.08B+5.2%
Enterprise value	$295.52B-44.2%	$357.67B-31.5%	$365.66B-37.4%	$327.84B-36.7%	$529.63B+5.8%
Price / earnings	20.4×-1.3×	24.8×-7.5×	17.8×-19.8×	13×-20.2×	21.7×-8.0×
Price / sales	0.5×-0.6×	0.7×-0.5×	0.7×-0.6×	0.7×-0.6×	1.2×0.0×
Price / book	2.4×-2.4×	3×-1.7×	3.1×-2.3×	2.8×-2.2×	4.8×-0.2×
EV / EBITDA	12.8×-1.3×	15.3×+1.0×	11.9×-4.2×	9.4×-5.0×	14.1×+0.2×
EV / sales	0.7×-0.6×	0.8×-0.5×	0.8×-0.6×	0.8×-0.6×	1.3×0.0×
Free cash flow yield	8%+2.8pp	5.4%+0.9pp	5.6%—	9.1%—	5.2%—
Earnings yield	4.9%+0.3pp	4%+0.9pp	5.6%+3.0pp	7.7%+4.7pp	4.6%+1.2pp
Dividend yield	3.3%+1.7pp	2.6%+1.0pp	2.5%+1.1pp	2.8%+1.3pp	1.6%+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.