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.
Follow UNH
UnitedHealth Group Incorporated (UNH) Net margin
UnitedHealth Group Incorporated's net margin over the twelve months to 30 September 2026 was 3.53%, up 0.8 percentage points from fiscal 2025 (2.69%). Over the past ten years it has ranged from 2.69% (fiscal 2025) to 6.21% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Healthcare Plans industry median of 1.04% and above the Healthcare sector median of 0.00%.
Net margin, annual
Embed this chart
Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 2.69% | (0.91) |
| FY2024 | 3.60% | (2.42) |
| FY2023 | 6.02% | (0.19) |
| FY2022 | 6.21% | 0.20 |
| FY2021 | 6.01% | 0.02 |
| FY2020 | 5.99% | 0.28 |
| FY2019 | 5.71% | 0.41 |
| FY2018 | 5.30% | 0.05 |
| FY2017 | 5.25% | 1.45 |
| FY2016 | 3.80% | 0.10 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Sep 2026 | 3.65% | (1.25) |
| Jun 2026 | 4.90% | (0.72) |
| Mar 2026 | 5.62% | 5.61 |
| Dec 2025 | 0.01% | (2.06) |
| 43 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| OSCR Oscar Health, Inc. compare | 3.60% |
| UNH UnitedHealth Group Incorporated | 3.53% |
| ELV Elevance Health, Inc. compare | 2.47% |
| CI Cigna Group compare | 2.27% |
| CVS CVS Health Corporation compare | 1.18% |
| HUM Humana Inc. compare | 0.88% |
| MOH Molina Healthcare, Inc compare | −0.02% |
| CLOV Clover Health Investments, Corp. compare | −0.74% |
| CNC Centene Corporation compare | −2.51% |
| Healthcare Plans industry median | 1.04% |
| Healthcare sector median | 0.00% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on UNH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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