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Overview

UNITEDHEALTH GROUP INC

UNHNYSEHealth CareHospital & Medical Service PlansCIK 0000731766Large-cap benchmark

Latest 10-K: FY2025, filed Mar 2, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$447.57B
11.8%YoYup from FY2024
TotalRevenue
Gross profit
$396.91B
12.3%YoYup from FY2024
GrossProfit
Operating income
$18.96B
41.3%YoYdown from FY2024
OperatingIncome
Net income
$12.06B
16.3%YoYdown from FY2024
NetIncome
Diluted EPS
$13.23
14.7%YoYdown from FY2024
EPSDiluted
Diluted shares
911.0M
1.9%YoYdown from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • UNITEDHEALTH GROUP INC reported revenue of $447.57B for fiscal 2025, up 11.8% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.

Profitability

  • Operating margin was 4.2% and net margin was 2.7%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $13.23, down 14.7% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$447.57B11.8%up
Benchmark median 6.4%
$400.28B7.7%up
Benchmark median 4.5%
$371.62B14.6%up
Benchmark median 4.8%
$324.16B12.7%up
Benchmark median 10.3%
$287.60B11.8%up
Benchmark median 13.8%
11.7%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
$396.91B12.3%up
Benchmark median 6.8%
$353.58B6.2%up
Benchmark median 5.5%
$332.85B14.6%up
Benchmark median 5.2%
$290.46B13.2%up
Benchmark median 8.3%
$256.56B13.3%up
Benchmark median 15.7%
11.5%
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$18.96B41.3%down
Benchmark median 7.3%
$32.29B0.2%down
Benchmark median 7.4%
$32.36B13.8%up
Benchmark median 4.9%
$28.43B18.6%up
Benchmark median 7.5%
$23.97B7.0%up
Benchmark median 23.5%
-5.7%
Benchmark median 7.2%
Net Income
$12.06B16.3%down
Benchmark median 4.8%
$14.40B35.6%down
Benchmark median 5.7%
$22.38B11.2%up
Benchmark median 1.9%
$20.12B16.4%up
Benchmark median 1.3%
$17.29B12.2%up
Benchmark median 33.9%
-8.6%
Benchmark median 4.1%
EPS (Diluted)
$13.2314.7%down
Benchmark median 6.2%
$15.5135.0%down
Benchmark median 7.9%
$23.8612.7%up
Benchmark median 1.9%
$21.1817.1%up
Benchmark median 1.5%
$18.0812.8%up
Benchmark median 34.8%
-7.5%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$309.58B3.8%up
Benchmark median 5.6%
$298.28B9.0%up
Benchmark median 3.4%
$273.72B11.4%up
Benchmark median 4.1%
$245.71B15.8%up
Benchmark median 2.2%
$212.21B7.6%up
Benchmark median 6.7%
9.9%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$207.88B6.2%up
Benchmark median 6.4%
$195.69B11.9%up
Benchmark median 1.9%
$174.80B9.7%up
Benchmark median 2.9%
$159.36B17.4%up
Benchmark median 2.0%
$135.73B7.1%up
Benchmark median 5.2%
11.2%
Benchmark median 4.4%
Stockholders' Equity
$100.09B1.9%up
Benchmark median 6.8%
$98.27B4.1%up
Benchmark median 5.4%
$94.42B15.9%up
Benchmark median 7.3%
$81.45B8.5%up
Benchmark median 2.5%
$75.05B9.8%up
Benchmark median 9.0%
7.5%
Benchmark median 6.1%
Cash & Equivalents
$24.36B3.7%down
Benchmark median 5.2%
$25.31B0.5%down
Benchmark median 1.9%
$25.43B8.8%up
Benchmark median 6.7%
$23.36B9.3%up
Benchmark median -8.6%
$21.38B26.3%up
Benchmark median -2.9%
3.3%
Benchmark median 2.0%
Total Debt
$77.68B2.0%up
Benchmark median 2.1%
$76.18B23.9%up
Benchmark median 0.2%
$61.47B8.3%up
Benchmark median 0.3%
$56.76B27.2%up
Benchmark median 0.1%
$44.63B5.6%up
Benchmark median -0.1%
14.9%
Benchmark median 4.3%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$19.70B18.6%down
Benchmark median 6.3%
$24.20B16.7%down
Benchmark median 4.8%
$29.07B10.9%up
Benchmark median 9.9%
$26.21B17.3%up
Benchmark median -0.7%
$22.34B0.8%up
Benchmark median 10.7%
-3.1%
Benchmark median 7.0%
Capital Expenditures
$3.62B3.5%up
Benchmark median 5.4%
$3.50B3.3%up
Benchmark median 2.8%
$3.39B20.8%up
Benchmark median 11.3%
$2.80B14.2%up
Benchmark median 14.0%
$2.45B19.6%up
Benchmark median 8.1%
10.2%
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$16.07B22.4%down
Benchmark median 7.3%
$20.70B19.4%down
Benchmark median 6.1%
$25.68B9.7%up
Benchmark median 8.8%
$23.40B17.7%up
Benchmark median -11.3%
$19.89B1.2%down
Benchmark median 10.2%
-5.2%
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

4.0%

Wall Street

on net earnings

FY2024 3.1%

5.3%

Value investor

on free cash flow

FY2024 4.4%

Gap +1.3 pts: Value-investor figure 1.3 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 25.0×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on UNH yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on UNH and publish the result to your public profile.

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/UNH

APA-style text
Valuein. (2026, October 31). UNITEDHEALTH GROUP INC (UNH) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/UNH
BibTeX
@misc{valuein_unh_2026,
  author = {{Valuein}},
  title = {UNITEDHEALTH GROUP INC (UNH) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/UNH}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Mar 2, 2026 · accession 0000731766-26-000062

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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