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

Simplified Detailed

	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
Returns
Return on equity	74.3%+11.5pp	62.8%-39.9pp	102.7%+2.7pp	100%+7.0pp
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×
Leverage
Debt-to-equity	3.2×0.0×	3.2×+0.2×	3×+0.3×	2.7×0.0×
Net debt / EBITDA	7×+1.6×	5.4×+2.0×	3.4×+0.1×	3.3×-1.1×
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%
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×
Dividend yield	9.6%+3.5pp	6%+0.4pp	5.6%+0.9pp	4.7%-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.