UnitedHealth Group Incorporated — UNH
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $314.50 | $284.84B | 13.6 | 10.5 | 7.2% | 4.6% | $8.84 285.0% | 3.0 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2021-12-31 | $287.6B | $17.3B | $18.33 | N/A | N/A | N/A |
| 1 | 2022-12-31 | $324.2B | $20.1B | $21.54 | 12.7% | 16.4% | 17.5% |
| 2 | 2023-12-31 | $371.6B | $22.4B | $24.22 | 14.6% | 11.2% | 12.4% |
| 3 | 2024-12-31 | $400.3B | $14.4B | $15.74 | 7.7% | -35.6% | -35.0% |
| 4 | TTM 2025-03-31 | $410.1B | $22.1B | $25.43 | 2.4% | 53.5% | 61.5% |
| 5 | Average | 9.3% | 11.4% | 14.1% |
EPS
Forecasts
Y/Y % Change
UNH Year-over-Year Growth
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 12.7% | 14.6% | 7.7% | 12.1% | 3.8% | 10.2% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 9 | 9 | |
| EPS Growth (%) | 16.4% | 11.2% | -35.6% | 1.9% | 8.0% | 0.4% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 11 | 11 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | Facilities / D&A ($) |
|---|---|---|---|
| 2021 | $287.6B | $214.8B | $3.1B |
| 2022 | $324.2B | $241.1B | $3.4B |
| 2023 | $371.6B | $276.7B | $4.0B |
| 2024 | $400.3B | $306.8B | $4.1B |
| TTM | $422.8B | $330.5B | $4.2B |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | Facilities / D&A Change (%) |
|---|---|---|---|
| 2022 | 12.71 | 12.24 | 9.57 |
| 2023 | 14.64 | 14.74 | 16.82 |
| 2024 | 7.71 | 10.87 | 3.20 |
| TTM | 5.63 | 7.72 | 3.12 |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-09-05 15:08 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Product | 150B | 0.00B | 170B | 0.00B | 201B | 0.00B | 216B | 0.00B | 61.3% |
| Service | 100B | 0.00B | 126B | 0.00B | 134B | 0.00B | 137B | 0.00B | 38.7% |
SEGMENTS v2025-09-09 · 2025-09-05 15:08 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) |
|---|---|---|---|---|---|---|---|---|
| Optum Health | – | – | – | – | – | – | 0.00B | -2.85B |
| Optum Insight | – | – | – | – | – | – | 0.00B | 1.38B |
| Optum Rx | – | – | – | – | – | – | 0.00B | 0.24B |
| Optumhealth | 0.00B | 6.03B | 0.00B | 6.56B | 0.00B | 7.77B | 0.00B | 7.77B |
| Optuminsight | 0.00B | 3.59B | 0.00B | 4.27B | 0.00B | 3.10B | 0.00B | 3.10B |
| Optumrx | 0.00B | 4.44B | 0.00B | 5.12B | 0.00B | 5.84B | 0.00B | 5.84B |
| Total Optum | 0.00B | 14.1B | 0.00B | 15.9B | 0.00B | 16.7B | 0.00B | 15.5B |
| Unitedhealthcare | 0.00B | 14.4B | 0.00B | 16.4B | 0.00B | 15.6B | 0.00B | 12.6B |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $309,790M |
| 1 | Cash | $30,717M |
| 2 | Total Liabilities | $204,621M |
| 3 | Total Debt | $81,271M |
| 4 | Total Equity | $95,038M |
| 5 | Debt to Equity Ratio | 0.86 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $302.01 | 4.4% | Nicks Growth: 8% Nick's Expected Margin: 6% FINVIZ Growth: 2% |
Nicks: 14 Finviz: 8 |
Nick's: 0.857 | 0.7 | 12.6 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $25.43 EPS | TTM | $363.07 | 20.2% | $204.31 | -32.3% |
| $22.28 EPS | 2025 | $318.10 | 5.3% | $179.00 | -40.7% |
| $25.58 EPS | 2026 | $365.21 | 20.9% | $205.51 | -32.0% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 6.34% | 3.91% | 6.72% | 4.37% | 0.85% | 0.89% | 7.09% | 4.55% | 82.8% | 70.7% |
| 3 Years | 6.34% | 3.91% | 6.72% | 4.37% | 0.85% | 0.89% | 7.09% | 4.55% | 82.8% | 70.7% |
| 5 Years | 6.34% | 3.91% | 6.72% | 4.37% | 0.85% | 0.89% | 7.09% | 4.55% | 82.8% | 70.7% |
| 10 Years | 6.34% | 3.91% | 6.72% | 4.37% | 0.85% | 0.89% | 7.09% | 4.55% | 82.8% | 70.7% |