Wednesday 14 October 2026 Export UNH’s income statement to Excel — free account

UnitedHealth Group Incorporated

UnitedHealth Group Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $447.6 billion, up 11.8% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 61.5%, free cash flow grew 62.7% and total debt fell 5.43%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for twenty-five consecutive years, revenue growth for ten.

377.76 0.76 −0.20%

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Market cap: $339.1B
P/E: 24.3×
Fwd P/E: 23.3×
Dividend yield: 2.40%
F-score: 6/9
Altman Z: 2.84
Beneish M: −2.41
Dividend safety: 76/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	21.61	20.65	20.44	20.52	21.88	27.77	24.48	22.62	32.64	25.03
Piotroski F-Score Full definition →	6	6	7	6	7	8	7	7	5	6
Altman Z-Score Full definition →	3.25	3.61	3.73	3.61	3.60	4.21	3.91	3.78	3.48	2.84
P/S ratio Full definition →	0.83	1.06	1.06	1.15	1.29	1.65	1.50	1.35	1.16	0.67
P/FCF ratio Full definition →	19.00	18.42	17.58	17.06	16.54	23.81	20.76	19.49	22.50	18.65
Altman Z″-Score (non-manufacturers) Full definition →	1.45	1.83	1.92	1.74	1.84	2.01	1.90	1.99	1.90	1.40
Beneish M-Score Full definition →	(2.42)	(2.52)	(2.45)	(2.43)	(2.53)	(2.46)	(2.89)	(1.60)	(2.37)	(2.41)
P/Operating CF Full definition →	(109.08)	(82.73)	100.13	45.06	54.55	147.15	(107.21)	(96.38)	196.66	270.52
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	76
P/B ratio Full definition →	4.03	4.28	4.42	4.63	4.87	6.31	5.97	5.30	4.74	2.99
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	0.90	1.13	1.15	1.25	1.37	1.71	1.58	1.42	1.27	0.77
EV/EBITDA Full definition →	11.09	12.98	13.16	13.49	13.90	18.17	16.10	14.56	13.99	14.75
EV/Operating CF Full definition →	16.97	16.66	16.56	16.36	15.86	22.02	19.56	18.20	21.04	17.46
EV/FCF Full definition →	20.54	19.58	19.06	18.43	17.48	24.74	21.90	20.60	24.59	21.40
Quick Ratio Full definition →	0.59	0.62	0.61	0.58	0.62	0.66	0.51	0.69	0.75	0.70
Current Ratio Full definition →	0.69	0.73	0.73	0.69	0.74	0.79	0.77	0.79	0.83	0.79
Net Debt/EBITDA Full definition →	0.83	0.76	1.02	1.01	0.75	0.68	0.84	0.79	1.19	1.89
Debt/Assets Full definition →	20.99%	20.74%	22.72%	21.17%	19.59%	19.97%	22.19%	21.29%	24.26%	23.36%
Debt/Equity Full definition →	0.68	0.58	0.64	0.61	0.57	0.56	0.67	0.62	0.74	0.72
Asset Turnover Full definition →	1.58	1.54	1.55	1.49	1.39	1.40	1.42	1.43	1.40	1.47
Operating CF/Net income Full definition →	1.40	1.29	1.31	1.33	1.44	1.29	1.30	1.30	1.68	1.63
Capex/Depreciation Full definition →	(0.83)	(0.90)	(0.85)	(0.76)	(0.71)	(0.79)	(0.82)	(0.85)	(0.85)	(0.83)
Interest Coverage Full definition →	12.12	12.82	12.39	11.55	13.47	14.44	13.59	9.97	8.27	4.74
ROE Full definition →	19.52%	23.99%	23.02%	24.12%	23.92%	24.11%	25.71%	25.45%	14.95%	12.16%
ROA Full definition →	6.00%	8.06%	8.23%	8.49%	8.30%	8.44%	8.79%	8.62%	5.04%	3.97%
ROIC Full definition →	15.95%	15.05%	14.54%	14.82%	16.06%	16.02%	16.45%	16.43%	14.26%	8.21%
Return on Tangible Assets Full definition →	(74.08%)	(165.85%)	(197.82%)	(132.51%)	(152.87%)	(228.49%)	(200.40%)	(244.15%)	(193.69%)	(88.95%)
Average Days of Receivables Full definition →	30.91	28.72	29.44	32.35	36.06	35.64	19.91	38.28	44.18	42.99
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Intangible Assets out of Total Assets Full definition →	0.46	0.45	0.45	0.44	0.42	0.40	0.44	0.43	0.44	0.42
Share Based Compensation of Revenue Full definition →	0.26%	0.30%	0.28%	0.29%	0.26%	0.28%	0.29%	0.28%	0.25%	0.22%
Graham Net Nets Full definition →	(0.33)	(0.24)	(0.25)	(0.25)	(0.23)	(0.16)	(0.20)	(0.20)	(0.25)	(0.40)
Graham Number Full definition →	82.10	111.61	124.38	143.14	161.15	179.93	203.58	233.62	192.90	180.87
Earnings Yield Full definition →	4.63%	4.84%	4.89%	4.87%	4.57%	3.60%	4.09%	4.42%	3.06%	4.00%
Free Cash Flow Yield Full definition →	5.26%	5.43%	5.69%	5.86%	6.05%	4.20%	4.82%	5.13%	4.44%	5.36%
Revenue per Share Full definition →	194.16	208.67	234.94	254.63	270.96	304.98	345.96	400.45	434.61	492.92
Operating CF per Share Full definition →	10.29	14.10	16.32	19.41	23.37	23.69	27.97	31.32	26.28	21.69
Capex per Share Full definition →	(1.79)	(2.10)	(2.14)	(2.18)	(2.16)	(2.60)	(2.99)	(3.65)	(3.80)	(3.99)
Free Cash Flow per Share Full definition →	8.50	12.01	14.17	17.24	21.20	21.09	24.98	27.67	22.48	17.70
Cash per Share Full definition →	13.94	16.07	14.87	14.98	20.84	25.35	29.79	31.93	31.61	30.97
Shareholders Equity per Share Full definition →	40.10	51.69	56.41	63.55	72.00	79.58	86.93	101.75	106.70	110.23
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	40.10	51.69	56.41	63.55	72.00	79.58	86.93	101.75	106.70	110.23
Free Cash Flow Full definition →	8,090.00	11,573.00	13,650.00	16,392.00	20,123.00	19,889.00	23,404.00	25,682.00	20,705.00	16,075.00
Working Capital Full definition →	(15,373.00)	(13,379.00)	(14,517.00)	(19,148.00)	(18,702.00)	(16,534.00)	(20,168.00)	(20,617.00)	(17,990.00)	(24,315.00)
Capital Expenditures Full definition →	(1,705.00)	(2,023.00)	(2,063.00)	(2,071.00)	(2,051.00)	(2,454.00)	(2,802.00)	(3,386.00)	(3,499.00)	(3,622.00)
Net Current Asset Value Full definition →	(50,754.00)	(52,141.00)	(59,210.00)	(70,819.00)	(75,243.00)	(75,403.00)	(95,186.00)	(100,862.00)	(114,231.00)	(118,909.00)
EV/EBIT Full definition →	12.85	14.90	15.00	15.35	15.70	20.53	18.03	16.35	15.77	18.14
Capex to Sales Full definition →	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Price to Operating Income Full definition →	11.89	14.02	13.83	14.20	14.85	19.75	17.09	15.47	14.43	15.81
Other line items
Depreciation/Fixed assets Full definition →	0.35	0.32	0.29	0.31	0.34	0.35	0.34	0.35	0.39	0.41
Cash ROIC Full definition →	10.48%	12.29%	13.22%	14.70%	15.88%	14.07%	14.28%	14.09%	10.37%	8.02%
Accounts Receivable Turnover Full definition →	12.76	12.78	13.28	12.20	10.97	10.75	14.17	13.12	9.16	8.85
Accounts Payable Turnover Full definition →	11.16	10.80	10.81	10.34	9.16	9.25	9.34	9.41	9.38	10.08
Inventory Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Days of Payables Full definition →	34.48	35.94	35.37	37.59	43.18	41.27	41.37	41.56	40.31	38.07
Days of Inventory on Hand Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Average Receivables Full definition →	14,487.50	15,740.50	17,040.00	19,856.00	23,433.00	26,743.00	22,881.50	28,325.50	43,712.00	50,584.50
Average Payables Full definition →	12,677.50	14,270.50	15,942.50	17,855.00	20,750.00	23,569.00	26,179.00	29,836.50	33,147.50	36,184.50
Average Assets Full definition →	117,032.00	130,934.00	145,639.50	163,055.00	185,589.00	204,747.50	228,955.50	259,712.50	285,999.00	303,929.50
Average Common Equity Full definition →	35,951.00	44,005.00	52,076.00	57,377.50	64,382.00	71,686.50	78,247.50	87,935.50	96,344.50	99,179.00

Fold the line items

Columns are period end dates

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