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UnitedHealth Group UNH Return on invested capital

Return on invested capital at other companies

Humana logo
HumanaHUM
15.9%-9.7pp
CVS Health logo
CVS HealthCVS
7.1%-1.2pp
Centene logo
CenteneCNC
-30.4%-39.8pp
Elevance Health logo
Elevance HealthELV
11.8%+0.5pp
Cigna logo
CignaCI
22%+3.3pp
Cencora logo
CencoraCOR
21.2%-19.2pp

Other financials

Income statement

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Revenue$111.72B+2.0%
Gross profit$98.9B+1.8%
Operating income$9.0B-1.4%
Net income$6.3B-0.2%
EPS (diluted)$6.90+0.7%

Balance sheet

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Cash & equivalents$28.0B-8.8%
Total debt$77.9B-4.1%
Total equity$103.90B+3.1%
Total assets$312.64B+0.9%

Cash flow

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Operating cash flow$8.9B+63.3%
CapEx$763.0M-15.0%
Free cash flow$8.1B+78.8%

Valuation

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Market cap$362.83B-48.7%
Enterprise value$412.75B-44.2%
P/E30.1×-1.9×
P/S0.8×-0.9×

Profitability

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Gross margin88.6%+0.4pp
Operating margin4.2%-4.0pp
Net margin2.7%-2.7pp

Returns & leverage

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Return on equity11.8%-11.1pp
Debt / equity0.8×-0.1×
Current ratio0.8×-0.1×

Where this comes from

Calculated from UnitedHealth Group’s reported figures.

Based on trailing twelve months.

The official record: UnitedHealth Group’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UnitedHealth Group's return on invested capital?
UnitedHealth Group (UNH) reported return on invested capital of 12.3% in Q1 2026.
How has UnitedHealth Group's return on invested capital changed year-over-year?
UnitedHealth Group's return on invested capital decreased by 34.6% year-over-year, from 18.9% to 12.3%.
What is the long-term trend for UnitedHealth Group's return on invested capital?
Over 4 years (2021 to 2025), UnitedHealth Group's return on invested capital has grown at a -3.0% compound annual growth rate (CAGR), from 71.1% to 62.8%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.