stockrowUnitedHealth 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
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UnitedHealth Group Incorporated (UNH) Gross margin
UnitedHealth Group Incorporated's gross margin over the twelve months to 30 September 2026 was 19.8%, up 1.3 percentage points from fiscal 2025 (18.5%). Over the past ten years it has ranged from 18.5% (fiscal 2025) to 26.1% (fiscal 2020) — the current reading is the lowest in ten years. That is in line with the Healthcare Plans industry median of 19.4% and below the Healthcare sector median of 54.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 18.5% | (3.80) |
| FY2024 | 22.3% | (2.15) |
| FY2023 | 24.5% | (0.08) |
| FY2022 | 24.6% | 0.34 |
| FY2021 | 24.2% | (1.84) |
| FY2020 | 26.1% | 2.27 |
| FY2019 | 23.8% | (0.01) |
| FY2018 | 23.8% | 0.43 |
| FY2017 | 23.4% | (0.10) |
| FY2016 | 23.5% | (0.10) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 19.5% | (1.27) |
| Jun 2026 | 20.8% | (1.94) |
| Mar 2026 | 22.7% | 6.40 |
| Dec 2025 | 16.3% | (1.90) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| CI Cigna Group compare | 88.4% |
| CVS CVS Health Corporation compare | 44.2% |
| PGNY Progyny, Inc. compare | 24.9% |
| OSCR Oscar Health, Inc. compare | 20.6% |
| UNH UnitedHealth Group Incorporated | 19.8% |
| ELV Elevance Health, Inc. compare | 15.5% |
| HUM Humana Inc. compare | 13.0% |
| MOH Molina Healthcare, Inc compare | 12.6% |
| CNC Centene Corporation compare | 7.78% |
| Healthcare Plans industry median | 19.4% |
| Healthcare sector median | 54.5% |
| Market median | 46.0% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow 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