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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
DaVita logo
DaVitaDVA
13.9%+0.1pp
Centene logo
CenteneCNC
-25.1%-30.0pp
Elevance Health logo
Elevance HealthELV
11.8%+0.5pp
Molina Healthcare logo
Molina HealthcareMOH
31.8%-43.5pp

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$376.34B+72.2%
Enterprise value$426.25B+58.3%
P/E31.3×+21.0×
P/S0.8×+0.3×

Profitability

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Gross margin88.6%+0.4pp
Operating margin4.2%-4.0pp
Net margin2.7%-2.7pp
FCF margin4.4%-1.7pp

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 source filing: UnitedHealth Group’s 10-Q, filed May 5, 2026. Open the filing →

Filed
May 5, 2026, 4:38 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000731766-26-000127

FAQ

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 5 years (2020 to 2025), UnitedHealth Group's return on invested capital has grown at a -7.1% compound annual growth rate (CAGR), from 17.4% to 12.1%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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