UnitedHealth Group Incorporated UNH
376.59
1.58
0.42%
as of 25 Sep
- Market cap
- $336.8B
- P/E
- 24.2×
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UnitedHealth Group Incorporated (UNH) Gross margin
UnitedHealth Group Incorporated's gross margin over the twelve months to 30 June 2026 was 19.5%, up 1.0 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 19.0% and below the Healthcare sector median of 53.7%.
Gross margin, annual
Annual
| 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
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 20.8% | (1.94) |
| Mar 2026 | 22.7% | 6.40 |
| Dec 2025 | 16.3% | (1.90) |
| Sep 2025 | 18.2% | 0.31 |
| 42 more quarters | Free account |
Against its own ten years
Low 18.5%
High 26.1%
Ten-year median
23.8%
Current reading's percentile
9
Gross margin against peers
| Company | Gross margin |
|---|---|
| CI Cigna Group compare | 88.5% |
| CVS CVS Health Corporation compare | 44.5% |
| OSCR Oscar Health, Inc. compare | 20.2% |
| UNH UnitedHealth Group Incorporated | 19.5% |
| CLOV Clover Health Investments, Corp. compare | 18.6% |
| ELV Elevance Health, Inc. compare | 15.1% |
| HUM Humana Inc. compare | 13.7% |
| MOH Molina Healthcare, Inc compare | 12.7% |
| CNC Centene Corporation compare | 7.82% |
| Healthcare Plans industry median | 19.0% |
| Healthcare sector median | 53.7% |
| Market median | 46.3% |
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
More on UNH
- Revenue
- Net income
- 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
- 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
- The full statement