UnitedHealth Group Incorporated Financial Ratios — UNH1

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	19	18.58	17.76	17.4	17.54	19.46	24.54	24.1	25.32	25.02	25.19	26.91	26.88	15.88	12.91
Return on Assets (%)	7.85	7.43	6.91	6.68	5.88	6	8.06	8.23	8.49	8.3	8.44	8.79	8.62	5.04	3.97
Return on Capital (%)	13.8	13.18	12.03	11.79	10.47	10.81	14.29	14.37	15.12	15.03	15.36	15.94	15.85	9.7	8.23
Return on Invested Capital (%)	13.83	13.24	12.27	11.84	10.71	11.03	15.08	15.38	16.04	15.82	16.25	16.84	16.95	14.47	9.25
Gross Margin (%)	24.69	25.19	24.44	25.3	23.57	23.47	23.37	23.8	23.79	26.06	24.22	24.56	24.48	22.33	18.53
EBITDA Margin (%)	9.41	9.55	8.98	9.01	8.09	8.11	8.68	8.74	9.25	9.84	9.41	9.82	9.78	9.09	5.21
Operating Margin (%)	8.31	8.37	7.86	7.87	7.01	7	7.56	7.67	8.13	8.71	8.33	8.77	8.71	8.07	4.24
Incremental Operating Margin (%)	7.79	9.02	3.11	8.15	2.8	6.88	13.97	8.51	14.72	18.15	5.14	12.21	8.27	- -	- -
Pretax Margin (%)	7.81	7.79	7.28	7.4	6.51	6.42	6.97	7.05	7.43	8.07	7.76	8.13	7.83	5.01	3.28
Profit Margin (%)	5.05	5	4.59	4.31	3.7	3.8	5.25	5.3	5.71	5.99	6.01	6.21	6.02	3.6	2.69
Net Income to Common Margin (%)	5.05	5	4.59	4.31	3.7	3.8	5.25	5.3	5.71	5.99	6.01	6.21	6.02	3.6	2.69
Effective Tax Rate (%)	35.39	35.91	36.37	41.81	42.64	40.38	22.82	22.34	20.81	23.98	20.52	21.65	20.5	24.06	12.86
Dvd Payout Ratio (%)	12.66	14.84	18.46	24.24	30.15	31.72	25.01	25.98	26.86	28.41	29.04	28.32	28.28	46.85	58.39
Sustainable Growth Rate (%)	16.6	15.83	14.49	13.18	12.25	13.29	18.4	17.84	18.52	17.91	17.87	19.29	19.28	8.44	5.37

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	11,638	16,754	16,860	17,406	31,965	32,970	31,692	36,554	40,678	43,467	46,003	57,623	62,537	76,904	78,389
ST Debt	982	2,713	1,969	1,399	6,634	7,193	2,857	1,973	3,870	4,819	3,620	3,110	4,274	4,545	6,069
LT Debt	10,656	14,041	14,891	16,007	25,331	25,777	28,835	34,581	36,808	38,648	42,383	54,513	58,263	72,359	72,320
Total Debt/EBITDA	1.21	1.59	1.53	1.48	2.51	2.2	1.82	1.85	1.82	1.72	1.7	1.81	1.72	2.11	3.36
Net Debt/EBITDA	0.23	0.79	0.87	0.84	1.66	1.5	1.13	1.3	1.33	1.05	0.91	1.08	1.02	1.42	2.32
Total Debt/EBIT	1.38	1.81	1.75	1.69	2.9	2.55	2.08	2.11	2.07	1.94	1.92	2.03	1.93	2.38	4.13
Net Debt/EBIT	0.26	0.9	1	0.96	1.91	1.74	1.3	1.48	1.51	1.18	1.03	1.2	1.15	1.6	2.85
EBITDA to Interest Expense	18.99	16.71	15.53	19.02	16.09	14.04	14.72	14.12	13.15	15.21	16.31	15.22	11.19	9.32	5.83
EBITDA-CapEx/Interest Expense	16.87	15.02	13.69	16.55	14.12	12.45	13.01	12.65	11.93	13.98	14.83	13.88	10.15	8.42	4.92
EBIT to Interest Expense	16.76	14.64	13.59	16.62	13.95	12.12	12.82	12.39	11.55	13.47	14.44	13.59	9.97	8.27	4.74
Interest Expense	505	632	708	618	790	1,067	1,186	1,400	1,704	1,663	1,660	2,092	3,246	3,906	4,002
Common Equity/Total Assets	41.67	38.55	39.26	37.57	30.41	31.17	34.36	33.96	33.13	33.2	33.82	31.65	32.43	31.06	30.4
Long-Term Debt/Equity (%)	37.66	42.17	44.69	47.3	71.43	64.14	55.43	61.5	59.21	54.79	55.42	63.13	58.9	70.53	71.11
Long-Term Debt/Capital (%)	26.69	28.05	29.67	31.23	37.57	35.23	34.44	37.27	35.79	33.9	34.6	37.86	36.09	40.31	40.16
Long-Term Debt/Total Assets (%)	15.7	17.36	18.19	18.53	22.77	20.99	20.74	22.72	21.17	19.59	19.97	22.19	21.29	24.26	23.36
Total Debt/Equity (%)	41.14	50.31	50.59	51.43	90.14	82.04	60.92	65.01	65.44	61.62	60.15	66.73	63.22	74.96	77.08
Total Debt/Capital (%)	29.15	33.47	33.6	33.96	47.41	45.07	37.86	39.4	39.55	38.13	37.56	40.02	38.73	42.84	43.53
Total Debt/Total Assets (%)	17.14	20.71	20.59	20.15	28.73	26.85	22.79	24.01	23.39	22.03	21.68	23.45	22.85	25.78	25.32
Net Debt to Equity	7.81	25.07	28.76	29.29	59.34	56.08	37.89	45.69	47.77	37.63	32.2	39.67	37.52	50.29	53.12
Net Debt/Capital (%)	7.24	20.04	22.34	22.65	37.24	35.93	27.48	31.36	32.33	27.34	24.36	28.41	27.28	33.46	34.69
EBITDA	9,588	10,563	10,998	11,752	12,714	14,985	17,454	19,772	22,405	25,296	27,073	31,835	36,330	36,386	23,325
EBITDA-CapEx	8,521	9,493	9,691	10,227	11,158	13,280	15,431	17,709	20,334	23,245	24,619	29,033	32,944	32,887	19,703
Operating Income (Loss)	8,464	9,254	9,623	10,274	11,021	12,930	15,209	17,344	19,685	22,405	23,970	28,435	32,358	32,287	18,964

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.5	0.42	0.33	0.3	0.3	0.27	0.31	0.27	0.23	0.27	0.31	0.31	0.3	0.28	0.24
Current Ratio	0.85	0.78	0.73	0.77	0.74	0.69	0.73	0.73	0.69	0.74	0.79	0.77	0.79	0.83	0.79
Quick Ratio	0.69	0.63	0.58	0.62	0.61	0.59	0.62	0.48	0.42	0.62	0.66	0.65	0.69	0.75	0.7
CFO/Avg Current Liab	0.29	0.28	0.25	0.28	0.26	0.21	0.27	0.3	0.32	0.33	0.3	0.31	0.31	0.24	0.18
Common Equity/Total Assets	41.67	38.55	39.26	37.57	30.41	31.17	34.36	33.96	33.13	33.2	33.82	31.65	32.43	31.06	30.4
Long-Term Debt/Equity (%)	37.66	42.17	44.69	47.3	71.43	64.14	55.43	61.5	59.21	54.79	55.42	63.13	58.9	70.53	71.11
Long-Term Debt/Capital (%)	26.69	28.05	29.67	31.23	37.57	35.23	34.44	37.27	35.79	33.9	34.6	37.86	36.09	40.31	40.16
Long-Term Debt/Total Assets (%)	15.7	17.36	18.19	18.53	22.77	20.99	20.74	22.72	21.17	19.59	19.97	22.19	21.29	24.26	23.36
Total Debt/Equity (%)	41.14	50.31	50.59	51.43	90.14	82.04	60.92	65.01	65.44	61.62	60.15	66.73	63.22	74.96	77.08
Total Debt/Capital (%)	29.15	33.47	33.6	33.96	47.41	45.07	37.86	39.4	39.55	38.13	37.56	40.02	38.73	42.84	43.53
Total Debt/Total Assets (%)	17.14	20.71	20.59	20.15	28.73	26.85	22.79	24.01	23.39	22.03	21.68	23.45	22.85	25.78	25.32
CFO/Total Liabilities	17.6	15.04	14.4	15.32	12.85	11.86	15.62	16.37	16.53	17.49	16.46	16.44	16.63	12.37	9.48
CFO/CapEx	6.53	6.69	5.35	5.28	6.26	5.74	6.72	7.62	8.92	10.81	9.1	9.35	8.58	6.92	5.44
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	46.78	44.22	42.52	35.73	29.16	25.19	22.7	21.59	20.87	20.83	21.24	20.33	19.08	18.34	19.72
Days Sales Outstanding	7.8	8.25	8.58	10.22	12.52	14.49	16.08	16.9	17.49	17.52	17.19	17.96	19.13	19.9	18.51
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Cash & Cash Equivalents	9,429	8,406	7,276	7,495	10,923	10,430	11,981	10,866	10,985	16,921	21,375	23,365	25,427	25,312	24,365
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	2,121	1,175	1,388	1,631	1,915	4,246	4,531	4,546	5,048	4,719	8,575	10,163	9,933	7,588
+ Total Debt	11,638	16,754	16,860	17,406	31,965	32,970	31,692	36,554	40,678	43,467	46,003	57,623	62,537	76,904	78,389
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Capital	39,930	50,053	50,184	51,248	67,426	73,159	83,714	92,781	102,840	114,006	122,482	143,970	161,456	179,495	180,087
Total Debt/Capital (%)	29.15	33.47	33.6	33.96	47.41	45.07	37.86	39.4	39.55	38.13	37.56	40.02	38.73	42.84	43.53
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	101,862	110,618	122,489	130,474	157,107	184,840	201,159	226,247	242,155	257,141	287,597	324,162	371,622	400,278	447,567
TTM EBITDA	9,588	10,563	10,998	11,752	12,714	14,985	17,454	19,772	22,405	25,296	27,073	31,835	36,330	36,386	23,325
TTM Operating Income	8,464	9,254	9,623	10,274	11,021	12,930	15,209	17,344	19,685	22,405	23,970	28,435	32,358	32,287	18,964
TTM Cash Flow to Firm	7,294	7,560	7,442	8,411	10,193	10,431	14,511	16,800	19,812	23,438	23,662	27,845	31,649	27,170	23,184
TTM Free Cash Flow to Firm	6,227	6,490	6,135	6,886	8,637	8,726	12,488	14,737	17,741	21,387	21,208	25,043	28,263	23,671	19,562

Multiples (USD)

Valuation Multiples API ChatGPT

No data availableFinancial data will appear here once available

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	1,039	1,019	988	954	953	952	969	960	948	946	941	934	924	915	906
Diluted Weighted Avg Shares	1,087	1,046	1,023	986	967	968	985	983	966	961	956	950	938	929	911
Basic Weighted Avg Shares	1,039	1,019	988	954	953	952	969	960	948	946	943	934	924	915	906
Revenue per Share	98.04	108.56	123.98	136.77	164.86	194.16	207.59	235.67	255.44	271.82	304.98	347.07	402.19	437.46	494.09
EBITDA per Share	9.23	10.37	11.13	12.32	13.34	15.74	18.01	20.6	23.63	26.74	28.71	34.08	39.32	39.77	25.75
Operating Income per Share	8.15	9.08	9.74	10.77	11.56	13.58	15.7	18.07	20.76	23.68	25.42	30.44	35.02	35.29	20.94
Basic EPS, GAAP	4.95	5.42	5.69	5.89	6.1	7.37	10.9	12.49	14.6	16.28	18.33	21.54	24.22	15.74	13.31
Basic EPS from Cont Ops	4.95	5.42	5.74	5.89	6.16	7.43	11.17	12.9	15.02	16.67	18.8	22.1	25.05	16.66	14.14
Diluted EPS, GAAP	4.73	5.28	5.5	5.7	6.01	7.25	10.72	12.19	14.33	16.03	18.08	21.18	23.86	15.51	13.23
Diluted EPS from Cont Ops	4.73	5.28	5.55	5.7	6.07	7.31	10.99	12.6	14.74	16.41	18.55	21.73	24.67	16.41	14.06
Dividend per Share	0.63	0.8	1.07	1.43	1.87	2.38	2.86	3.46	4.15	4.85	5.6	6.41	7.32	8.23	8.74
Cash Flow per Share	6.71	7.02	7.08	8.44	10.22	10.29	14.03	16.37	19.48	23.44	23.69	28.06	31.46	26.45	21.74
Free Cash Flow per Basic Share	5.68	5.97	5.75	6.84	8.59	8.5	11.94	14.22	17.29	21.27	21.09	25.06	27.79	22.63	17.75
Cash & Equivalents per Share	11.56	11.22	9.32	9.68	13.55	13.94	15.99	14.92	15.03	20.91	25.41	29.88	32.06	31.82	31.04
Book Value per Share	27.23	30.6	32.54	34.02	35.5	40.2	49.3	53.85	60.78	69.23	76.26	83.27	96.06	101.27	103.89
Tangible Book Value per Share	1.46	-4.7	-3.34	-4.36	-19.95	-18.75	-15.76	-17.23	-19.4	-17.66	-14.96	-32.1	-32.65	-40.81	-40.69