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) Return on invested capital
UnitedHealth Group Incorporated's return on invested capital over the twelve months to 30 September 2026 was 10.4%, up 2.2 percentage points from fiscal 2025 (8.21%). Over the past ten years it has ranged from 8.21% (fiscal 2025) to 16.5% (fiscal 2022) — the current reading is the lowest in ten years. That is above the Healthcare Plans industry median of 2.04% and above the Healthcare sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 8.21% | (6.05) |
| FY2024 | 14.3% | (2.17) |
| FY2023 | 16.4% | (0.02) |
| FY2022 | 16.5% | 0.43 |
| FY2021 | 16.0% | (0.04) |
| FY2020 | 16.1% | 1.24 |
| FY2019 | 14.8% | 0.28 |
| FY2018 | 14.5% | (0.51) |
| FY2017 | 15.1% | (0.90) |
| FY2016 | 16.0% | 1.02 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| HUM Humana Inc. compare | 17.5% |
| ELV Elevance Health, Inc. compare | 11.8% |
| UNH UnitedHealth Group Incorporated | 10.4% |
| CI Cigna Group compare | 9.09% |
| CVS CVS Health Corporation compare | 4.07% |
| OSCR Oscar Health, Inc. compare | 0.00% |
| MOH Molina Healthcare, Inc compare | 0.00% |
| CLOV Clover Health Investments, Corp. compare | −8.62% |
| CNC Centene Corporation compare | −30.2% |
| Healthcare Plans industry median | 2.04% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
More on UNH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- 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
- 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