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UnitedHealth Group UNH Optum Health — Acquisitions

Discontinued — last reported Q4 '25

Other segment segments

Optum Insight
$0
UnitedHealthcare
$0

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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$382.09B+49.3%
Enterprise value$432.01B+40.9%
P/E31.7×+19.7×
P/S0.9×+0.2×

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

Reported directly by UnitedHealth Group in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The official record: UnitedHealth Group’s 10-K, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is UnitedHealth Group's optum health — acquisitions?
UnitedHealth Group (UNH) reported optum health — acquisitions of $611M in Q4 2025.
How has UnitedHealth Group's optum health — acquisitions changed year-over-year?
UnitedHealth Group's optum health — acquisitions increased by 18.0% year-over-year, from $517.75M to $611M.
What is the long-term trend for UnitedHealth Group's optum health — acquisitions?
Over 2 years (2021 to 2024), UnitedHealth Group's optum health — acquisitions has grown at a -33.2% compound annual growth rate (CAGR), from $4.65B to $2.07B.
What does optum health — acquisitions mean?
Represents the total cash outflow used for the purchase of businesses, entities, or significant assets within a specific operating segment. This metric reflects the company's strategy for inorganic growth, market expansion, or the acquisition of new capabilities and technologies. It is a key indicator of capital deployment intensity for strategic growth initiatives.