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.
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UnitedHealth Group Incorporated (UNH) Free cash flow margin
UnitedHealth Group Incorporated's free cash flow margin over the twelve months to 30 September 2026 was 5.08%, up 1.5 percentage points from fiscal 2025 (3.59%). Over the past ten years it has ranged from 3.59% (fiscal 2025) to 7.83% (fiscal 2020) — the current reading is the lowest in ten years. That is above the Healthcare Plans industry median of 3.18% and above the Healthcare sector median of 0.00%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 3.59% | (1.58) |
| FY2024 | 5.17% | (1.74) |
| FY2023 | 6.91% | (0.31) |
| FY2022 | 7.22% | 0.30 |
| FY2021 | 6.92% | (0.91) |
| FY2020 | 7.83% | 1.06 |
| FY2019 | 6.77% | 0.74 |
| FY2018 | 6.03% | 0.28 |
| FY2017 | 5.75% | 1.37 |
| FY2016 | 4.38% | (0.83) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| OSCR Oscar Health, Inc. compare | 28.6% |
| UNH UnitedHealth Group Incorporated | 5.08% |
| CNC Centene Corporation compare | 4.41% |
| CI Cigna Group compare | 3.23% |
| ELV Elevance Health, Inc. compare | 3.13% |
| CLOV Clover Health Investments, Corp. compare | 3.00% |
| CVS CVS Health Corporation compare | 2.83% |
| HUM Humana Inc. compare | 1.35% |
| MOH Molina Healthcare, Inc compare | 0.61% |
| Healthcare Plans industry median | 3.18% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on UNH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement