UnitedHealth Group UNH Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 353.6%-1.9pp | 355.5%-3.2pp | 358.7%+1.2pp | 357.5%+2.3pp | |
| Operating margin | 25.7%-7.3pp | 33%-2.0pp | 35%+1.3pp | 33.8%+0.7pp | |
| Net margin | 17.2%+2.2pp | 14.9%-9.3pp | 24.3%+0.1pp | 24.2%+0.9pp | |
| EBITDA margin | 29.7%-7.5pp | 37.2%-2.2pp | 39.4%+1.5pp | 37.9%+0.5pp | |
| Free cash flow margin | 19.6%— | —— | —— | —— | |
| Returns | |||||
| Return on equity | 74.3%+11.5pp | 62.8%-39.9pp | 102.7%+2.7pp | 100%+7.0pp | |
| Return on assets | 24.3%+3.9pp | 20.4%-13.0pp | 33.4%-0.4pp | 33.8%+1.9pp | |
| Return on invested capital | 62.8%-10.1pp | 73%-15.7pp | 88.7%+6.7pp | 82%+10.9pp | |
| Efficiency | |||||
| Asset turnover | 5.7×+0.2× | 5.5×0.0× | 5.5×-0.1× | 5.6×+0.1× | |
| Liquidity | |||||
| Current ratio | 3.3×-0.2× | 3.5×+0.3× | 3.2×0.0× | 3.1×+0.1× | |
| Quick ratio | 3.3×-0.2× | 3.5×+0.3× | 3.2×0.0× | 3.1×+0.1× | |
| Cash ratio | 1×-0.1× | 1.1×-0.2× | 1.3×+0.1× | 1.2×+0.2× | |
| Leverage | |||||
| Debt-to-equity | 3.2×0.0× | 3.2×+0.2× | 3×+0.3× | 2.7×0.0× | |
| Debt-to-assets | 1×0.0× | 1.1×+0.1× | 1×+0.1× | 0.9×0.0× | |
| Net debt / EBITDA | 7×+1.6× | 5.4×+2.0× | 3.4×+0.1× | 3.3×-1.1× | |
| Interest coverage | 27×-8.7× | 35.7×-7.7× | 43.4×-13.5× | 57×+1.2× | |
| Per Share | |||||
| Book value per share | $441.95+6.4% | $415.38+9.2% | $380.30+15.9% | $328.10+8.3% | |
| Valuation | |||||
| Market capitalization | $1.37T-29.1% | $1.93T+4.9% | $1.84T-4.7% | $1.93T+23.0% | |
| Enterprise value | $1.58T-25.6% | $2.12T+8.6% | $1.96T-3.4% | $2.03T+20.6% | |
| Price / earnings | 77.3×-55.6× | 132.8×+47.2× | 85.6×-17.2× | 102.8×+4.9× | |
| Price / sales | 3.2×-1.7× | 4.9×-0.2× | 5.2×-1.0× | 6.2×+0.5× | |
| Price / book | 13.6×-6.4× | 20×-0.6× | 20.6×-4.2× | 24.8×+3.1× | |
| EV / EBITDA | 50.7×-8.0× | 58.7×+2.5× | 56.2×-12.8× | 68.9×+3.6× | |
| EV / sales | 3.7×-1.7× | 5.5×-0.1× | 5.5×-1.0× | 6.5×+0.4× | |
| Free cash flow yield | 25.2%— | —— | —— | —— | |
| Earnings yield | 22%+9.8pp | 12.1%-6.6pp | 18.7%+3.1pp | 15.6%-0.9pp | |
| Dividend yield | 9.6%+3.5pp | 6%+0.4pp | 5.6%+0.9pp | 4.7%-0.4pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
