UNH - UNITEDHEALTH GROUP INC

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	11.8% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+48%)	7.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	14.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+83%)	12.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+59%)	11.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+48%)	6.2% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-23%)	7.0% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-12%)	12.5% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+56%)	8.8% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+10%)	17.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+121%)	20.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+155%)	6.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-19%)	10.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+34%)	8.6% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+7%)	8.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	8.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	7.3% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-8%)	7.6% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	—	—
EPS Growth YoY (%)	-15.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-35.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	12.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	17.1% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	12.9% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	11.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	16.9% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	13.7% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	48.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	20.8% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	5.5% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	3.4% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	3.9% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	11.9% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	16.2% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	26.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	33.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-31.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-16.3% Weak ↓ Weak Declining Year-over-year change in net income	-35.6% Weak ↓ Weak Declining Year-over-year change in net income	11.2% Fair ↓ Fair Declining Year-over-year change in net income	16.4% Good ↑ Good Improving Year-over-year change in net income	12.2% Fair ↓ Fair Declining Year-over-year change in net income	11.3% Fair ↓ Fair Declining Year-over-year change in net income	15.5% Good ↓ Good Declining Year-over-year change in net income	13.5% Fair ↓ Fair Declining Year-over-year change in net income	50.5% Excellent ↑ Excellent Improving Year-over-year change in net income	20.7% Good ↑ Good Improving Year-over-year change in net income	3.5% Caution ↑ Caution Improving Year-over-year change in net income	-0.1% Weak ↓ Weak Declining Year-over-year change in net income	1.8% Caution ↓ Caution Declining Year-over-year change in net income	7.5% Fair ↓ Fair Declining Year-over-year change in net income	11.0% Fair ↑ Fair Improving Year-over-year change in net income	21.2% Good ↑ Good Improving Year-over-year change in net income	28.4% Excellent Excellent Year-over-year change in net income	-36.0% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-21.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	-18.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	10.8% Fair ↓ Fair Declining Year-over-year change in free cash flow	18.4% Good ↑ Good Improving Year-over-year change in free cash flow	-0.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	23.0% Good ↓ Good Declining Year-over-year change in free cash flow	21.6% Good ↑ Good Improving Year-over-year change in free cash flow	18.1% Good ↓ Good Declining Year-over-year change in free cash flow	41.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-1.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	27.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	18.8% Good ↑ Good Improving Year-over-year change in free cash flow	-4.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	7.4% Fair ↓ Fair Declining Year-over-year change in free cash flow	14.5% Fair ↑ Fair Improving Year-over-year change in free cash flow	15.1% Good ↑ Good Improving Year-over-year change in free cash flow	47.3% Excellent Excellent Year-over-year change in free cash flow	-25.6% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	11.4% Good → Good Stable Compound annual revenue growth over 3 years	11.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	13.1% Good ↑ Good Improving Compound annual revenue growth over 3 years	10.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	8.5% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	12.9% Good ↓ Good Declining Compound annual revenue growth over 3 years	15.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	14.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	12.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	8.6% Fair → Fair Stable Compound annual revenue growth over 3 years	9.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	8.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.9% Fair Fair Compound annual revenue growth over 3 years	7.7% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	11.7% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.4% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	9.2% Good ↓ Good Declining Compound annual revenue growth over 5 years	10.4% Good ↓ Good Declining Compound annual revenue growth over 5 years	13.2% Excellent → Excellent Stable Compound annual revenue growth over 5 years	13.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.7% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	10.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	8.4% Good → Good Stable Compound annual revenue growth over 5 years	8.6% Good Good Compound annual revenue growth over 5 years	8.0% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	-14.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-5.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	14.1% Good → Good Stable Compound annual EPS growth over 3 years	13.8% Good ↓ Good Declining Compound annual EPS growth over 3 years	13.8% Good ↓ Good Declining Compound annual EPS growth over 3 years	14.0% Good ↓ Good Declining Compound annual EPS growth over 3 years	25.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	26.8% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	23.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	9.7% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	4.3% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	6.3% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	10.5% Good ↓ Good Declining Compound annual EPS growth over 3 years	18.1% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	25.2% Excellent Excellent Compound annual EPS growth over 3 years	5.3% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Operating Margin (%) (%)	4.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	8.1% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	8.7% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	8.8% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	8.3% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	8.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-42%)	8.1% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	7.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	7.6% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	7.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	7.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	7.9% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	7.9% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	8.4% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	8.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	8.4% Caution → Caution Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-44%)	7.3% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	6.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	10.4% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	—
Effective Tax Rate (%) (%)	12.9% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.1% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.7% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.5% Good Good Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.0% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	2.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-78%)	3.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-70%)	6.0% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	6.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	6.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	6.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	5.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-52%)	5.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	5.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	3.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-68%)	3.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	4.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	4.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-62%)	5.0% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	5.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-58%)	4.9% Weak → Weak Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	4.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	3.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-69%)	6.2% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	—
FCF Margin (%) (%)	3.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.2% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	7.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	4.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.2% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	5.0% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	5.5% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	5.8% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.7% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	5.6% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	4.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	6.6% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.33x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.44x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.31x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.18x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.14x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.41x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	1.01x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.15x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair → Fair Stable Free cash flow relative to reported net income Optimal: > 1x	1.28x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	1.08x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Invested Capital (%)	22.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	33.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	44.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	40.9% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	45.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	44.1% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	42.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	39.6% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	41.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	39.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	34.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	16.7% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	16.2% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	16.2% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	17.2% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	18.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	15.4% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	12.9% Good Good Return earned on debt + equity capital invested Optimal: > 10%	30.9% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	6.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	10.8% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	11.8% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.6% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.3% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.4% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.3% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.9% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	10.5% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	9.9% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	11.9% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.8% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	11.4% Good → Good Stable Operating profit relative to total assets Optimal: > 10%	12.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.5% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.8% Good Good Operating profit relative to total assets Optimal: > 10%	9.4% Fair Fair Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	—	—	—	—	—	—	—	—	—	—	17.3% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+15%)	17.5% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+17%)	17.7% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+18%)	18.2% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+21%)	17.9% Good → Good Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+20%)	16.2% Good ↓ Good Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+8%)	14.3% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	23.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+55%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	—	0.49x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-18%)	0.46x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-23%)	0.45x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	0.38x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-37%)	0.34x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-44%)	0.38x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-36%)	0.55x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-9%)	—	—
Interest Coverage (x)	4.74x Fair ↓ Fair Declining Operating income divided by interest expense Optimal: > 5x	8.27x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	9.97x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	13.59x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	14.44x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	13.47x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	11.55x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	12.39x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	12.82x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	12.12x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	13.95x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	16.62x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	13.59x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.64x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	16.76x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	16.35x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	11.54x Excellent → Excellent Stable Operating income divided by interest expense Optimal: > 5x	8.24x Good Good Operating income divided by interest expense Optimal: > 5x	14.43x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$47.95B	$47.05B	$32.84B	$31.15B	$21.01B	$21.73B	$25.82B	$23.71B	$16.85B	$15.35B	$14.54B	$8.51B	$7.62B	$5.63B	$1.23B	$-461.00M	$-791.00M	$3.91B	$-8.87B	$-10.32B
Debt / EBITDA (x)	3.62x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.17x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.74x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.85x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.70x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.65x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.78x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.89x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.80x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.89x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.19x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.48x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.48x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.45x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.20x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.05x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.42x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.15x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$492.92	$434.61	$400.45	$345.96	$304.98	$270.96	$254.63	$234.94	$208.67	$194.16	$164.86	$134.23	$121.76	$107.71	$95.20	$84.07	$74.60	$66.87	$57.49	—
Basic EPS, GAAP (USD)	$13.28	$15.64	$24.12	$21.47	$18.33	$16.23	$14.55	$12.45	$10.95	$7.37	$6.10	$5.78	$5.59	$5.38	$4.81	$4.14	$3.27	$2.45	$3.55	—
Free Cash Flow per Share (USD)	$17.70	$22.48	$27.67	$24.98	$21.09	$21.20	$17.24	$14.17	$12.01	$8.50	$8.59	$6.71	$5.65	$5.93	$5.51	$4.82	$4.18	$2.84	$3.82	—
Dividend per Share (USD)	$2.21	$8.18	$7.29	$6.40	$5.60	$4.83	$4.14	$3.45	$2.88	$2.38	$1.88	$1.41	$1.05	$0.80	$0.61	$0.41	$0.03	$0.03	$0.03	—
Book Value per Share (USD)	—	—	—	—	—	—	—	—	—	—	—	$34.02	$32.54	$30.60	$27.23	$23.78	$20.58	$17.30	$15.29	—
Tangible Book Value per Share (USD)	—	—	—	—	—	—	—	—	—	—	—	$-4.36	$-3.34	$-4.70	$1.46	$0.16	$0.43	$-1.36	$15.29	—
Basic Weighted Avg Shares (shares)	908.00M	921.00M	928.00M	937.00M	943.00M	949.00M	951.00M	963.00M	964.00M	952.00M	953.00M	972.00M	1.01B	1.03B	1.07B	1.12B	1.17B	1.21B	1.31B	—
Dividend Payout Ratio (%)	—	—	—	—	—	—	—	—	26.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	32.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	30.7% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	24.3% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.8% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	14.9% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	12.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	9.8% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$-24.32B	$-17.99B	$-20.62B	$-20.17B	$-16.53B	$-18.70B	$-19.15B	$-14.52B	$-13.38B	$-15.37B	$-11.26B	$-7.07B	$-7.50B	$-6.06B	$-3.57B	$-5.31B	$-3.96B	$-4.77B	—	—
LT Debt (USD)	$72.32B	$72.36B	$58.26B	$54.51B	$42.38B	$38.65B	$36.81B	$34.58B	$28.84B	$25.78B	$25.46B	$16.01B	$14.89B	$14.04B	$10.66B	$8.66B	$9.01B	$11.34B	—	—
Total Equity (USD)	—	—	—	—	—	—	—	—	—	—	—	$32.45B	$32.15B	$31.18B	$28.29B	$25.82B	$23.61B	$20.78B	$20.06B	$20.81B

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$447.57B	$400.28B	$371.62B	$324.16B	$287.60B	$257.14B	$242.16B	$226.25B	$201.16B	$184.84B	$157.11B	$130.47B	$122.49B	$110.62B	$101.86B	$94.16B	$87.14B	$81.19B	$75.43B	—
Depreciation Expense (USD)	$1.00B	$1.00B	$1.10B	$1.10B	$1.00B	$997.00M	$995.00M	$924.00M	$799.00M	$698.00M	$613.00M	$532.00M	$445.00M	$449.00M	$386.00M	$398.00M	—	—	—	—
Net Income, GAAP (USD)	$12.06B	$14.40B	$22.38B	$20.12B	$17.29B	$15.40B	$13.84B	$11.99B	$10.56B	$7.02B	$5.81B	$5.62B	$5.62B	$5.53B	$5.14B	$4.63B	$3.82B	$2.98B	$4.65B	—
Operating Cash Flow (USD)	$19.70B	$24.20B	$29.07B	$26.21B	$22.34B	$22.17B	$18.46B	$15.71B	$13.60B	$9.79B	$9.74B	$8.05B	$6.99B	$7.16B	$6.97B	$6.27B	$5.62B	$4.24B	$5.88B	—

UNITEDHEALTH GROUP INC

Analytical Summary

20-Year Financial Trajectory

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Dividend History

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