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Tuesday 3 November 2026 Export UNH’s income statement to Excel — free account

UnitedHealth Group Incorporated

UNH Healthcare Healthcare Plans

UnitedHealth Group Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $447.6 billion, up 11.8% from fiscal 2024.

Revenue
−0.41%
EPS
+76.1%
Free cash flow
−15.7%
Total debt
−5.09%

Quarter to September 2026, against a year earlier

400.24 6.73 −1.65%
Market cap
$359.4B
P/E
22.9×
Fwd P/E
21.1×
Dividend yield
2.26%
F-score
6/9
Altman Z
2.84
Beneish M
−2.41
Dividend safety
76/100
Overview Business Profile Earnings & Analysis
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UnitedHealth Group Incorporated (UNH) Debt to equity

Alert me on Debt to equity

UnitedHealth Group Incorporated's debt to equity at the end of the quarter to 30 September 2026 was 0.7×, down 0.1× from fiscal 2025 (0.7×). Over the past ten years it has ranged from 0.6× (fiscal 2021) to 0.8× (fiscal 2015); the current reading is higher than 82% of that period. That is in line with the Healthcare Plans industry median of 0.7× and above the Healthcare sector median of 0.0×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.7× (1.87%)
FY2024 0.7× 19.32%
FY2023 0.6× (7.80%)
FY2022 0.7× 18.50%
FY2021 0.6× (0.14%)
FY2020 0.6× (7.13%)
FY2019 0.6× (4.34%)
FY2018 0.6× 10.02%
FY2017 0.6× (14.31%)
FY2016 0.7× (10.11%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.7× (0.77%)
Jun 2026 0.7× (3.29%)
Mar 2026 0.7× (4.83%)
Dec 2025 0.7× 1.36%
43 more quarters

Against its own ten years

Low 0.6× High 0.8×
Ten-year median 0.6×
Current reading's percentile 82

Debt to equity against peers

Company Debt to equity
CLOV Clover Health Investments, Corp. compare 0.0×
OSCR Oscar Health, Inc. compare 0.2×
UNH UnitedHealth Group Incorporated 0.7×
ELV Elevance Health, Inc. compare 0.7×
CNC Centene Corporation compare 0.7×
HUM Humana Inc. compare 0.7×
CI Cigna Group compare 0.7×
CVS CVS Health Corporation compare 0.8×
MOH Molina Healthcare, Inc compare 1.0×
Healthcare Plans industry median 0.7×
Healthcare sector median 0.0×
Market median 0.2×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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