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. In the quarter to September 2026, revenue was flat, EPS grew 61.5%, free cash flow fell 15.7% and total debt fell 5.09%, 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.

401.43 5.24 −1.29%
Market cap
$365.0B
P/E
25.8×
Fwd P/E
23.3×
Dividend yield
2.26%
F-score
6/9
Altman Z
2.84
Beneish M
−2.41
Dividend safety
76/100

UnitedHealth Group Incorporated (UNH) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, UnitedHealth Group Incorporated (UNH) trades at a EV/EBITDA of 15.5×. Over the past ten years it has ranged from 7.4× (August 2025) to 19.8× (December 2021); the current reading is higher than 82% of that period. That is above the Healthcare Plans industry median of 11.5× and above the Healthcare sector median of 9.2×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 14.7× 5.38%
FY2024 14.0× (3.93%)
FY2023 14.6× (9.54%)
FY2022 16.1× (11.40%)
FY2021 18.2× 30.72%
FY2020 13.9× 3.09%
FY2019 13.5× 2.49%
FY2018 13.2× 1.38%
FY2017 13.0× 17.02%
FY2016 11.1× 13.24%

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 14.3× (10.09%)
Jun 2026 15.9× 28.87%
Mar 2026 12.3× (16.30%)
Dec 2025 14.7× 27.41%
43 more quarters

Against its own ten years

Low 7.4× High 19.8×
Ten-year median 13.2×
Current reading's percentile 82

EV/EBITDA against peers

Company EV/EBITDA
CNC Centene Corporation compare n/m
CLOV Clover Health Investments, Corp. compare n/m
CI Cigna Group compare 8.3×
CVS CVS Health Corporation compare 8.9×
OSCR Oscar Health, Inc. compare 9.4×
ELV Elevance Health, Inc. compare 9.8×
HUM Humana Inc. compare 11.5×
MOH Molina Healthcare, Inc compare 15.3×
UNH UnitedHealth Group Incorporated 15.5×
Healthcare Plans industry median 11.5×
Healthcare sector median 9.2×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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