Cigna Group (CI) vs UnitedHealth Group Incorporated (UNH)

Cigna Group and UnitedHealth Group Incorporated are both Healthcare Plans companies. UnitedHealth Group Incorporated is the larger, with a market value of $336.8B against $69.9B — 4.8× the size. Cigna Group trades at the lower P/E: 11.3× against 24.2×. Cigna Group grew revenue faster over the last twelve months: 7.77% against 6.46%. UnitedHealth Group Incorporated has the higher net margin (3.14% vs 2.27%) and the higher return on invested capital (9.50% vs 9.09%). Both pay a dividend; Cigna Group yields more (2.03% vs 1.53%). Across the 23 metrics below, Cigna Group leads on 13 and UnitedHealth Group Incorporated on 10.

Valuation

Metric CI UNH Healthcare Plans median
P/E 11.25 24.23 23.75
P/S 0.25 0.75 0.40
P/B 1.67 3.25 2.48
Price to free cash flow 7.85 14.38 11.15
EV/EBITDA 7.66 14.55 10.94
EV/Sales 0.34 0.84 0.37
Earnings yield 8.89% 4.13% 3.25%
Free cash flow yield 12.74% 6.95% 8.15%

Profitability

Metric CI UNH Healthcare Plans median
Gross margin 88.51% 19.51% 19.04%
Operating margin 3.53% 4.82% 1.93%
Net margin 2.27% 3.14% 1.04%
Free cash flow margin 3.23% 5.25% 3.18%
Return on equity 15.40% 13.78% 12.48%
Return on assets 4.16% 4.57% 2.98%
Return on invested capital 9.09% 9.50% 2.04%

Growth

Metric CI UNH Healthcare Plans median
Revenue growth (TTM) 7.77% 6.46% 7.57%
EPS growth (last fiscal year) 83.00% (14.70%) —
Revenue growth, 5-year CAGR 11.38% 11.72% 11.88%
Net income growth, 5-year CAGR (6.77%) (4.78%) 0.00%

Health

Metric CI UNH Healthcare Plans median
Debt to equity 0.74 0.67 0.70
Current ratio 0.74 0.78 1.32
Net debt to EBITDA 1.99 1.89 0.05

Dividend

Metric CI UNH Healthcare Plans median
Dividend yield 2.03% 1.53% 1.53%
Payout ratio 0.22 0.31 0.00

Size

Metric CI UNH Healthcare Plans median
Market cap 69.89b 336.83b 20.34b

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