UnitedHealth Group Incorporated — UNH

Close PriceMarket CapP/E RatioForward P/E RatioImplied Growth*Implied Forward Growth*DividendP/B Ratio
$380.31$345.38B28.718.215.6%10.6%$8.84
2.3%
3.5

Latest Headlines

Revenue & Net Income

Revenue & Net Income
Date Revenue Net_Income EPS Last_Updated Revenue_Change Net_Income_Change EPS_Change
0 2021-12-31 $287,597M $17,285M $21.54 2026-03-06 08:38:43 N/A N/A N/A
1 2022-12-31 $324,162M $20,120M $21.54 2026-05-29 09:15:42 12.7% 16.4% 0.0%
2 2023-12-31 $371,622M $22,381M $24.22 2026-05-29 09:15:42 14.6% 11.2% 12.4%
3 2024-12-31 $400,278M $14,405M $15.74 2026-05-29 09:15:42 7.7% -35.6% -35.0%
4 2025-12-31 $447,567M $12,056M $13.28 2026-05-29 09:15:42 11.8% -16.3% -15.6%
5 TTM 2026-03-31 $449,713M $12,044M $13.27 2026-05-08 08:40:45 0.5% -0.1% -0.1%

EPS

EPS

Forecasts

Revenue/Net Income Forecast EPS Forecast

Y/Y % Change

Revenue YoY Change EPS YoY Change
YoY Growth Rates

UNH Year-over-Year Growth

  2021 2022 2023 2024 2025 2026 2027 Average
Revenue Growth (%) 12.7% 14.6% 7.7% 11.8% -0.7% 2.7% 8.1%
Revenue Analysts (#) 0 0 0 0 0 23 23
EPS Growth (%) 16.4% 11.2% -35.6% -16.3% 38.4% 13.6% 4.6%
EPS Analysts (#) 0 0 0 0 0 26 27

Forward Estimate History

How the next-FY EPS and revenue estimates have drifted over time. One line per fiscal year – past lines end when that FY became current.

Forward EPS projection history by FY Forward revenue projection history by FY

Expenses

Revenue vs Expenses
Year Revenue ($) Cost of Revenue ($) Facilities / D&A ($)
2022 $324.2B $241.1B $3.4B
2023 $371.6B $276.7B $4.0B
2024 $400.3B $306.8B $4.1B
2025 $447.6B $360.3B $4.4B
TTM $449.7B $360.8B $4.3B
Expenses % of Revenue
Year Revenue Change (%) Cost of Revenue Change (%) Facilities / D&A Change (%)
2023 14.64 14.74 16.82
2024 7.71 10.87 3.20
2025 11.81 17.44 6.39
TTM 0.48 0.15 -0.73
No unmapped expenses.

Segment Performance

axis1_UNH_Product.png axis1_UNH_Service.png
SEGMENTS v2025-09-09 · 2026-05-29 09:15 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Prod Rev Services Rev Total Rev
2023 170.3B 126.4B 296.8B
2024 200.9B 134.4B 335.3B
2025 213.5B 141.8B 355.3B
TTM 519.6B 345.8B 865.4B
% of Total (TTM) 60.0% 40.0% 100%

Segment Performance (Axis 2)

axis2_UNH_Total_Optum.png axis2_UNH_Unitedhealthcare.png axis2_UNH_Optumhealth.png axis2_UNH_Optuminsight.png axis2_UNH_Optumrx.png
SEGMENTS v2025-09-09 · 2026-05-29 09:15 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
Year Total Optum Rev Total Optum OI Unitedhealthcare Rev Unitedhealthcare OI Optumhealth Rev Optumhealth OI Optuminsight Rev Optuminsight OI Optumrx Rev Optumrx OI Total Rev Total OI
2023 15.9B 16.4B 6.56B 4.27B 5.12B 48.3B
2024 16.7B 15.6B 7.77B 3.10B 5.84B 49B
2025 9.54B 9.43B -0.28B 2.62B 7.19B 28.5B
TTM 0.00B 33.4B 0.00B 35.9B 0.00B 69.4B

Balance Sheet

Balance Sheet
  Metric Value
0 Total Assets $312,644M
1 Cash $28,001M
2 Total Liabilities $207,325M
3 Total Debt $77,917M
4 Total Equity $97,881M
5 Debt to Equity Ratio 0.80

EPS & Dividend

EPS & Dividend

Valuation

Valuation
Share Price Treasury Yield Estimates Fair Value (P/E) Fair Value (P/S) Current P/S Current P/E
$380.31 4.5% Nicks Growth: 8%
Nick's Expected Margin: 6%
FINVIZ Growth: 15%
Nicks: 14
Finviz: 27
Nick's: 0.850 0.8 28.7
Basis Year Nicks Valuation Nicks vs Share Price Finviz Valuation Finviz vs Share Price
$13.27 EPS TTM $188.04 -50.6% $358.76 -5.7%
$18.37 EPS 2026 $260.35 -31.5% $496.73 30.6%
$20.87 EPS 2027 $295.74 -22.2% $564.24 48.4%

Implied Growth

Implied Growth
Average Median Std Dev Current Percentile
TTM Forward TTM Forward TTM Forward TTM Forward TTM Forward
Timeframe
1 Year 8.54% 5.67% 8.38% 4.98% 2.59% 2.40% 15.62% 10.70% 93.5% 91.0%
3 Years 8.54% 5.67% 8.38% 4.98% 2.59% 2.40% 15.62% 10.70% 93.5% 91.0%
5 Years 8.54% 5.67% 8.38% 4.98% 2.59% 2.40% 15.62% 10.70% 93.5% 91.0%
10 Years 8.54% 5.67% 8.38% 4.98% 2.59% 2.40% 15.62% 10.70% 93.5% 91.0%

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