UNH — UnitedHealth Group Incorporated $415.63

Generated 2026-06-30 21:49

Quality Scorecard Stable

C64/100
Pricing power (gross margin) 19% Gross margin 19% — thin margins
🟡 Return on equity 12% ROE 12% — decent returns
Leverage (net debt / EBITDA) 2.2x Net debt / EBITDA 2.2x — low leverage
🟡 Interest coverage 5x EBIT covers interest 5x — adequately covered
Earnings consistency (revenue) 0/3 down 0 revenue-down year(s) in 3 — no down years
Earnings growth (net income YoY) -16% Net income -16% YoY — earnings declining
Cash conversion (CFO/NI) 163% Operating cash ÷ net income 163% — earnings convert to cash
Operating margin trend improving Operating margin improving
Free cash flow margin 4% FCF margin 4% — thin / negative
Returns capital to shareholders yes dividend ~2.2%; shares -1.3%/yr
Buyback efficiency (net share-count Δ) -1.3%/yr Shares outstanding -1.3% YoY — share count shrinking

Stable-stage checklist (proxy metrics from yfinance). 11 of 11 criteria scored. Not financial advice.

Buy-Now Score

54/100
Quality ×40%64
Trajectory ×30%46
Valuation ×30%47

Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.

Valuation

$339.75$457.19
Price $415.63DCF $377.50 (-9%)Analyst $411.31 (-1%)MarketGist fair $404.55 (-3%)

DCF: 10% start growth → 2.5%, 7.8% discount (band $258.97–$492.47). Analyst: 26 analysts. MarketGist fair = 80% analyst + 20% DCF. Not financial advice.

Key Trends (6-yr)

GAAP EPS
▼ -14.7% YoY
Sales
▲ +11.8% YoY
Shares Outstanding
▼ -1.9% YoY

Company Overview

Basic Information

Company Name: UnitedHealth Group Incorporated
Symbol: UNH
Exchange: NYQ
Sector: Healthcare
Industry: Healthcare Plans

Company Details

Country: United States
City: Eden Prairie
Employees: 390,000
Market Cap: $377.45B

Business Description

UnitedHealth Group Incorporated operates as a health care company in the United States and internationally. It operates through four segments: Optum Health, Optum Insight, Optum Rx; and UnitedHealthcare. The Optum Health segment provides care delivery, care management, wellness and consumer engagement, and health financial services with patients, consumers, care delivery systems, providers, employers, payers, and public-sector entities. The Optum Insight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, public entities, life sciences companies and other organizations. The Optum Rx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and community health pharmacy services, infusion, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease and drug therapy management. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; Medicaid plans, including Temporary Assistance to Needy Families; Children's Health Insurance Programs; Dual SNPs; Long-Term Services and Supports; Aged, Blind and Disabled; and other federal, state, and community health care programs. and health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage. UnitedHealth Group Incorporated was founded in 1974 and is based in Eden Prairie, Minnesota.

Key Metrics

Price & Valuation

Current Price
$415.63
Market Cap
$377.45B
P/E Ratio
31.32
Forward P/E
19.86
PEG Ratio
1.48
Price to Book
3.86

Profitability

Profit Margin: 2.68%
Operating Margin: 8.05%
Gross Margin: 18.80%
Return on Equity (ROE): 12.18%
Return on Assets (ROA): 3.78%
Revenue Growth: 2.00%

Financial Health

Current Ratio: 0.80
Quick Ratio: 0.72
Debt to Equity: 73.98
Total Debt: $77.92B
Total Cash: $31.23B
Beta: 0.65

Trading & Analyst Info

52-Week Range

52-Week High: $427.93
52-Week Low: $234.60
50-Day Average: $384.99
200-Day Average: $336.24

Analyst Recommendations

Recommendation: BUY
Target Mean Price: $411.31
Target High: $492.00
Target Low: $287.00

Price graph

Price vs Rates, Inflation & Volume (long-term)

Dotted = market-implied expectation (next ~12 mo), not a prediction.

Quarterly Verdict

🟢 69/100

Worth buying

Quality grade C; 3 improving / 2 weakening metrics YoY.

➖ Pricing power (gross margin): Gross margin 19% — thin margins
➕ Leverage (net debt / EBITDA): Net debt / EBITDA 2.2x — low leverage
➕ Earnings consistency (revenue): 0 revenue-down year(s) in 3 — no down years
➖ Earnings growth (net income YoY): Net income -16% YoY — earnings declining
➕ Cash conversion (CFO/NI): Operating cash ÷ net income 163% — earnings convert to cash
➕ Operating margin trend: Operating margin improving
➖ Free cash flow margin: FCF margin 4% — thin / negative
➕ Returns capital to shareholders: dividend ~2.2%; shares -1.3%/yr
➕ Buyback efficiency (net share-count Δ): Shares outstanding -1.3% YoY — share count shrinking
➕ Revenue +2.0% YoY
➖ Operating margin -0.3 pts YoY
➕ Free cash flow +78.8% YoY
➖ Cash -8.8% YoY
➕ Debt -4.1% YoY

Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.

Financial Statements

Income Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Tax Effect Of Unusual Items$-34.19M$-2.00B$0.00$0.00N/A
Tax Rate For Calcs$0.13$0.24$0.20$0.22N/A
Normalized EBITDA$23.32B$36.39B$36.33B$31.84BN/A
Total Unusual Items$-265.00M$-8.31B$0.00$0.00N/A
Total Unusual Items Excluding Goodwill$-265.00M$-8.31B$0.00$0.00N/A
Net Income From Continuing Operation Net Minority Interest$12.06B$14.40B$22.38B$20.12BN/A
Reconciled Depreciation$4.36B$4.10B$3.97B$3.40BN/A
Reconciled Cost Of Revenue$364.65B$310.88B$280.66B$244.54BN/A
EBITDA$23.06B$28.08B$36.33B$31.84BN/A
EBIT$18.70B$23.98B$32.36B$28.43BN/A
Net Interest Income$-4.00B$-3.91B$-3.25B$-2.09BN/A
Interest Expense$4.00B$3.91B$3.25B$2.09BN/A
Normalized Income$12.29B$20.71B$22.38B$20.12BN/A
Net Income From Continuing And Discontinued Operation$12.06B$14.40B$22.38B$20.12BN/A
Total Expenses$428.60B$367.99B$339.26B$295.73BN/A

Showing 15 of 43 rows

Balance Sheet (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Ordinary Shares Number$905.84M$915.00M$924.00M$934.00MN/A
Share Issued$905.84M$915.00M$924.00M$934.00MN/A
Net Debt$54.02B$51.59B$37.11B$34.26BN/A
Total Debt$78.39B$76.90B$62.54B$57.62BN/A
Tangible Book Value$-36.86B$-37.34B$-30.17B$-29.98BN/A
Invested Capital$172.50B$169.56B$151.29B$135.40BN/A
Working Capital$-24.32B$-17.99B$-20.62B$-20.17BN/A
Net Tangible Assets$-36.86B$-37.34B$-30.17B$-29.98BN/A
Common Stock Equity$94.11B$92.66B$88.76B$77.77BN/A
Total Capitalization$166.43B$165.02B$147.02B$132.28BN/A
Total Equity Gross Minority Interest$101.70B$102.59B$98.92B$86.35BN/A
Minority Interest$7.59B$9.93B$10.16B$8.57BN/A
Stockholders Equity$94.11B$92.66B$88.76B$77.77BN/A
Gains Losses Not Affecting Retained Earnings$-2.06B$-3.39B$-7.03B$-8.39BN/A
Other Equity Adjustments$-2.06B$-3.39B$-7.03B$-8.39BN/A

Showing 15 of 61 rows

Cash Flow Statement (Annual)

Item2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow$16.07B$20.70B$25.68B$23.40BN/A
Repurchase Of Capital Stock$-5.54B$-9.00B$-8.00B$-7.00BN/A
Repayment Of Debt$-3.05B$-3.00B$-2.12B$-3.02BN/A
Issuance Of Debt$2.97B$17.81B$6.39B$14.82BN/A
Issuance Of Capital Stock$827.00M$1.85B$1.35B$1.25BN/A
Capital Expenditure$-3.62B$-3.50B$-3.39B$-2.80BN/A
Interest Paid Supplemental Data$4.03B$3.59B$3.04B$1.95BN/A
Income Tax Paid Supplemental Data$3.71B$4.62B$6.08B$5.22BN/A
End Cash Position$24.36B$25.31B$25.43B$23.36BN/A
Other Cash Adjustment Outside Changein Cash$-355.00M$-219.00M$0.00$0.00N/A
Beginning Cash Position$25.31B$25.43B$23.36B$21.38BN/A
Effect Of Exchange Rate Changes$40.00M$-61.00M$97.00M$34.00MN/A
Changes In Cash$-632.00M$165.00M$1.97B$1.96BN/A
Financing Cash Flow$-11.64B$-3.51B$-11.53B$4.23BN/A
Cash Flow From Continuing Financing Activities$-11.64B$-3.51B$-11.53B$4.23BN/A

Showing 15 of 56 rows

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