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%-0.5pp	353.6%-1.9pp	353.3%-3.5pp	353.6%-4.2pp	354.4%-4.0pp
Operating margin	21.8%-11.0pp	25.7%-7.3pp	29.6%-4.1pp	31.7%-2.6pp	32.7%-2.0pp
Net margin	14.5%-1.8pp	17.2%+2.2pp	18.1%+0.7pp	17.7%-2.1pp	16.3%-5.9pp
EBITDA margin	25.7%-11.1pp	29.7%-7.5pp	33.6%-4.3pp	35.7%-2.8pp	36.8%-2.2pp
Free cash flow margin	17.9%—	19.6%—	21.2%—	——	——
Returns
Return on equity	63.2%-5.2pp	74.3%+11.5pp	77.1%+3.8pp	74.8%-9.3pp	68.4%-25.9pp
Return on assets	20.7%-1.7pp	24.3%+3.9pp	25.4%+1.4pp	24.6%-2.7pp	22.4%-8.2pp
Return on invested capital	56.3%-16.6pp	62.8%-10.1pp	67.6%-8.6pp	71.7%-10.4pp	72.9%-13.0pp
Efficiency
Asset turnover	5.8×+0.3×	5.7×+0.2×	5.6×+0.1×	5.6×+0.1×	5.5×0.0×
Liquidity
Current ratio	3.3×-0.2×	3.3×-0.2×	3.3×-0.1×	3.4×+0.1×	3.5×+0.2×
Quick ratio	3.3×-0.2×	3.3×-0.2×	3.3×-0.1×	3.4×+0.1×	3.5×+0.2×
Cash ratio	1×-0.1×	1×-0.1×	1×-0.1×	1.1×0.0×	1.1×-0.2×
Leverage
Debt-to-equity	3.2×-0.1×	3.2×0.0×	3.2×+0.1×	3.2×+0.2×	3.2×+0.2×
Debt-to-assets	1×0.0×	1×0.0×	1×0.0×	1.1×+0.1×	1.1×+0.1×
Net debt / EBITDA	7.8×+2.3×	7×+1.6×	6.1×+1.0×	5.6×+1.2×	5.5×+1.7×
Interest coverage	23.5×-10.8×	27×-8.7×	30.5×-6.9×	32.6×-6.4×	34.3×-6.5×
Per Share
Book value per share	$446.30+5.0%	$441.95+6.4%	$437.86+6.7%	$433.40+8.7%	$425.01+9.1%
Valuation
Market capitalization	$1.13T-41.9%	$1.37T-29.1%	$1.53T-21.3%	$1.76T-6.3%	$1.95T+5.3%
Enterprise value	$1.35T-37.5%	$1.58T-25.6%	$1.75T-18.1%	$1.96T-3.7%	$2.15T+8.2%
Price / earnings	76×-48.9×	77.3×-55.6×	84.8×-37.5×	104.6×-1.6×	124.9×+30.8×
Price / sales	2.6×-2.3×	3.2×-1.7×	3.7×-1.4×	4.4×-0.7×	4.9×-0.2×
Price / book	11.2×-8.6×	13.6×-6.4×	15.3×-5.1×	17.6×-2.6×	19.8×-0.6×
EV / EBITDA	49.4×-9.5×	50.7×-8.0×	49.7×-9.2×	53.9×-2.7×	58.9×+3.0×
EV / sales	3.1×-2.4×	3.7×-1.7×	4.2×-1.4×	4.9×-0.6×	5.4×0.0×
Free cash flow yield	28.1%—	25.2%—	24.3%—	——	——
Earnings yield	22.2%+8.9pp	22%+9.8pp	21%+7.4pp	18%+2.4pp	13.4%-4.0pp
Dividend yield	11.2%+5.1pp	9.6%+3.5pp	8.5%+2.7pp	7.4%+1.6pp	6.1%+0.4pp

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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.