UnitedHealthUNH
$356.5B market capUnitedHealthUNHRevenue: is the business selling more than it used to?
$447.6B+12% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Revenue reached $447.6B in 2025, compounding +11% a year since 2022 and the pace is picking up. The last twelve months (+6%) ran below that pace, so growth is slowing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHNet income: how much of that revenue becomes profit?
$12.1B−16% YoYFY 2025
◌ 2026 = trailing twelve months to the latest filed quarter, not a full fiscal year
→Net income was $12.1B in 2025, compounding -16% a year over three years. Earnings per share moved -34% over the last twelve months. Trailing twelve-month profit stands at $14.1B.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHHow fast is it growing, year by year?
+11.8%revenue growth, FY 2025
→Revenue grew +12% in 2025 against a five-year average of +12%. Earnings went the other way (-16%) even as sales grew, so margins compressed: costs rose faster than revenue.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHRevenue per share: is your slice growing as fast as the company?
$491.29revenue per share, FY 2025
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Revenue per share reached $491.29 in 2025, compounding +13% a year against +11% for UNH as a whole. Buybacks added roughly 1.6 points to your per-share result.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHMargins: of every $1 of sales, how much survives each cost layer?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→Operating margin compressed 5 points to 4% since 2022. After everything, 3 cents of each sales dollar reaches net profit. UNH doesn't tag a gross-profit line in its filings, so the chart starts at operating margin.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHWhat does it earn on the money it uses?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→ROE of 14% and ROCE of 10% sit close together, so the returns come from the business itself rather than from borrowing.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHWhat has the market paid for UNH over time?
25.6xP/E today
◌ 2026 = at the latest close (2026-09-04), over the trailing twelve months; earlier years are annual averages
→At 25.6x earnings, the market is paying +44% more than UNH's own 11-year median of 17.8x. Expectations are elevated, so more has to go right to justify the price.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHCould it handle its debt if things went wrong?
→Debt of $73.3B sits against $28.6B of cash, or 0.7x shareholders' equity. Earnings cover interest 5.6 times - adequate, with less room than it looks in a downturn.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHIs the company's own capital growing?
→The company's own capital grew from $94.4B in 2023 to $104.5B (+11%). The business is building book value rather than consuming it.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHHow much goes back, and how much leaks out as stock comp?
→Shareholders received $5.5B in buybacks and $7.9B in dividends in 2025. Stock compensation issued $971M of new shares in the same year, offsetting 7% of that.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHHow fast is your ownership being diluted - or concentrated?
→The share count shrank 1.9% in 2025, averaging 1.4% a year over three years. Buybacks are concentrating your ownership: the same business, split fewer ways.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHIs the dividend cheque growing?
→The dividend per share reached $8.69 in 2025, compounding +13% a year since 2020.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHCan it afford the dividend?
◌ 2026 = trailing twelve months to the latest filed quarter (2026-06-30), not a full fiscal year
→The dividend consumed 66% of profit and 49% of free cash flow in 2025. That leaves room to keep paying through a weak year.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHDoes UNH earn more on its capital than that capital costs?
→UNH earns 12.0% on the capital it employs, comfortably above the 10% most investors treat as the cost of capital. It was 24.7% in 2022, so the trend is down, though the pace has cooled. That is the lowest in UNH's filed history.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHUNH has issued or retired shares - did shareholders end up better off?
→UNH has shrunk its share count -16% from 2011 to 2025, so each remaining share owns more of the business. Revenue per share is +424% over the same years.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30
UnitedHealthUNHAre the people running it buying or selling?
→Insiders sold $944,910 on the open market and bought nothing. Many sales are pre-scheduled diversification rather than a view on the price. A further 39 filings were grants, option exercises or tax withholding, which say nothing either way.
Source: SEC EDGAR (XBRL company facts) · as at 2026-06-30