UNITEDHEALTH GROUP INC (UNH) Stock Fundamental Analysis

NYSE:UNH • US91324P1021

294.93 USD
+1.66 (+0.57%)
At close: Mar 2, 2026
293.3 USD
-1.63 (-0.55%)
After Hours: 3/2/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall UNH gets a fundamental rating of 4 out of 10. We evaluated UNH against 101 industry peers in the Health Care Providers & Services industry. UNH has a medium profitability rating, but doesn't score so well on its financial health evaluation. UNH is not valued too expensively and it also shows a decent growth rate. Finally UNH also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year UNH was profitable.
  • UNH had a positive operating cash flow in the past year.
  • UNH had positive earnings in each of the past 5 years.
  • In the past 5 years UNH always reported a positive cash flow from operatings.
UNH Yearly Net Income VS EBIT VS OCF VS FCFUNH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

1.2 Ratios

  • With a decent Return On Assets value of 3.89%, UNH is doing good in the industry, outperforming 70.30% of the companies in the same industry.
  • UNH has a Return On Equity of 12.05%. This is in the better half of the industry: UNH outperforms 77.23% of its industry peers.
  • With a Return On Invested Capital value of 5.09%, UNH perfoms like the industry average, outperforming 55.45% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for UNH is in line with the industry average of 9.12%.
Industry RankSector Rank
ROA 3.89%
ROE 12.05%
ROIC 5.09%
ROA(3y)5.63%
ROA(5y)6.65%
ROE(3y)17.6%
ROE(5y)20.55%
ROIC(3y)8.75%
ROIC(5y)9.53%
UNH Yearly ROA, ROE, ROICUNH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • UNH has a Profit Margin of 2.69%. This is in the better half of the industry: UNH outperforms 65.35% of its industry peers.
  • In the last couple of years the Profit Margin of UNH has declined.
  • UNH has a Operating Margin of 4.24%. This is in the better half of the industry: UNH outperforms 61.39% of its industry peers.
  • UNH's Operating Margin has declined in the last couple of years.
Industry RankSector Rank
OM 4.24%
PM (TTM) 2.69%
GM N/A
OM growth 3Y-21.54%
OM growth 5Y-13.43%
PM growth 3Y-24.29%
PM growth 5Y-14.77%
GM growth 3YN/A
GM growth 5YN/A
UNH Yearly Profit, Operating, Gross MarginsUNH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • UNH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for UNH has been reduced compared to 1 year ago.
  • UNH has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for UNH has been reduced compared to a year ago.
UNH Yearly Shares OutstandingUNH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M
UNH Yearly Total Debt VS Total AssetsUNH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B

2.2 Solvency

  • The Debt to FCF ratio of UNH is 4.99, which is a neutral value as it means it would take UNH, 4.99 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 4.99, UNH is in the better half of the industry, outperforming 64.36% of the companies in the same industry.
  • A Debt/Equity ratio of 0.72 indicates that UNH is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.72, UNH is in line with its industry, outperforming 51.49% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.99
Altman-Z N/A
ROIC/WACC0.64
WACC7.91%
UNH Yearly LT Debt VS Equity VS FCFUNH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
UNH Yearly Current Assets VS Current LiabilitesUNH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • UNH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -41.58%.
  • Measured over the past years, UNH shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.67% on average per year.
  • The Revenue has grown by 11.81% in the past year. This is quite good.
  • UNH shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.72% yearly.
EPS 1Y (TTM)-41.58%
EPS 3Y-9.75%
EPS 5Y-0.67%
EPS Q2Q%-69.02%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y11.35%
Revenue growth 5Y11.72%
Sales Q2Q%12.31%

3.2 Future

  • Based on estimates for the next years, UNH will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.30% on average per year.
  • UNH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.63% yearly.
EPS Next Y10.42%
EPS Next 2Y10.59%
EPS Next 3Y13.39%
EPS Next 5Y18.3%
Revenue Next Year-1.53%
Revenue Next 2Y0.86%
Revenue Next 3Y2.64%
Revenue Next 5Y4.63%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
UNH Yearly Revenue VS EstimatesUNH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 200B 400B 600B
UNH Yearly EPS VS EstimatesUNH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40 50

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 18.08 indicates a rather expensive valuation of UNH.
  • Based on the Price/Earnings ratio, UNH is valued a bit cheaper than 73.27% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of UNH to the average of the S&P500 Index (27.13), we can say UNH is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 16.38 indicates a correct valuation of UNH.
  • 72.28% of the companies in the same industry are more expensive than UNH, based on the Price/Forward Earnings ratio.
  • UNH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.08
Fwd PE 16.38
UNH Price Earnings VS Forward Price EarningsUNH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as UNH.
  • Based on the Price/Free Cash Flow ratio, UNH is valued a bit cheaper than 74.26% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.99
EV/EBITDA 13.54
UNH Per share dataUNH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • UNH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • UNH's earnings are expected to grow with 13.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.74
PEG (5Y)N/A
EPS Next 2Y10.59%
EPS Next 3Y13.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. Dividend

5.1 Amount

  • UNH has a Yearly Dividend Yield of 3.08%. Purely for dividend investing, there may be better candidates out there.
  • UNH's Dividend Yield is rather good when compared to the industry average which is at 0.48. UNH pays more dividend than 96.04% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, UNH pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.08%

5.2 History

  • The dividend of UNH is nicely growing with an annual growth rate of 12.43%!
  • UNH has been paying a dividend for at least 10 years, so it has a reliable track record.
  • UNH has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.43%
Div Incr Years15
Div Non Decr Years34
UNH Yearly Dividends per shareUNH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

5.3 Sustainability

  • 65.66% of the earnings are spent on dividend by UNH. This is not a sustainable payout ratio.
  • UNH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP65.66%
EPS Next 2Y10.59%
EPS Next 3Y13.39%
UNH Yearly Income VS Free CF VS DividendUNH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B
UNH Dividend Payout.UNH Dividend Payout, showing the Payout Ratio.UNH Dividend Payout.PayoutRetained Earnings

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UNITEDHEALTH GROUP INC

NYSE:UNH (3/2/2026, 8:04:00 PM)

After market: 293.3 -1.63 (-0.55%)

294.93

+1.66 (+0.57%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)01-27
Earnings (Next)04-15
Inst Owners83.63%
Inst Owner Change0.22%
Ins Owners0.16%
Ins Owner Change-0.04%
Market Cap267.16B
Revenue(TTM)447.57B
Net Income(TTM)12.06B
Analysts75.29
Price Target373.96 (26.8%)
Short Float %1.57%
Short Ratio1.55
Dividend
Industry RankSector Rank
Dividend Yield 3.08%
Yearly Dividend8.69
Dividend Growth(5Y)12.43%
DP65.66%
Div Incr Years15
Div Non Decr Years34
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.45%
Min EPS beat(2)-0.58%
Max EPS beat(2)3.48%
EPS beat(4)1
Avg EPS beat(4)-2.3%
Min EPS beat(4)-9.92%
Max EPS beat(4)3.48%
EPS beat(8)5
Avg EPS beat(8)0.06%
EPS beat(12)9
Avg EPS beat(12)0.66%
EPS beat(16)13
Avg EPS beat(16)1.45%
Revenue beat(2)0
Avg Revenue beat(2)-1.21%
Min Revenue beat(2)-1.51%
Max Revenue beat(2)-0.91%
Revenue beat(4)0
Avg Revenue beat(4)-1.53%
Min Revenue beat(4)-2.79%
Max Revenue beat(4)-0.91%
Revenue beat(8)1
Avg Revenue beat(8)-1.05%
Revenue beat(12)5
Avg Revenue beat(12)-0.37%
Revenue beat(16)6
Avg Revenue beat(16)-0.33%
PT rev (1m)-8.06%
PT rev (3m)-5.9%
EPS NQ rev (1m)2.03%
EPS NQ rev (3m)6.31%
EPS NY rev (1m)0.51%
EPS NY rev (3m)1.05%
Revenue NQ rev (1m)-1.3%
Revenue NQ rev (3m)-3.39%
Revenue NY rev (1m)-2.97%
Revenue NY rev (3m)-3.25%
Valuation
Industry RankSector Rank
PE 18.08
Fwd PE 16.38
P/S 0.6
P/FCF 16.99
P/OCF 13.81
P/B 2.67
P/tB 2.67
EV/EBITDA 13.54
EPS(TTM)16.31
EY5.53%
EPS(NY)18.01
Fwd EY6.11%
FCF(TTM)17.35
FCFY5.88%
OCF(TTM)21.35
OCFY7.24%
SpS494.09
BVpS110.49
TBVpS110.49
PEG (NY)1.74
PEG (5Y)N/A
Graham Number201.37
Profitability
Industry RankSector Rank
ROA 3.89%
ROE 12.05%
ROCE 6.25%
ROIC 5.09%
ROICexc 5.62%
ROICexgc 21.72%
OM 4.24%
PM (TTM) 2.69%
GM N/A
FCFM 3.51%
ROA(3y)5.63%
ROA(5y)6.65%
ROE(3y)17.6%
ROE(5y)20.55%
ROIC(3y)8.75%
ROIC(5y)9.53%
ROICexc(3y)9.73%
ROICexc(5y)10.65%
ROICexgc(3y)29.49%
ROICexgc(5y)31.32%
ROCE(3y)10.77%
ROCE(5y)11.72%
ROICexgc growth 3Y-15.05%
ROICexgc growth 5Y-8.06%
ROICexc growth 3Y-22.49%
ROICexc growth 5Y-14%
OM growth 3Y-21.54%
OM growth 5Y-13.43%
PM growth 3Y-24.29%
PM growth 5Y-14.77%
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.45
Health
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.99
Debt/EBITDA 3.1
Cap/Depr 83.05%
Cap/Sales 0.81%
Interest Coverage 250
Cash Conversion 82.92%
Profit Quality 130.39%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score7
WACC7.91%
ROIC/WACC0.64
Cap/Depr(3y)84.55%
Cap/Depr(5y)83.03%
Cap/Sales(3y)0.86%
Cap/Sales(5y)0.86%
Profit Quality(3y)129.12%
Profit Quality(5y)123.75%
High Growth Momentum
Growth
EPS 1Y (TTM)-41.58%
EPS 3Y-9.75%
EPS 5Y-0.67%
EPS Q2Q%-69.02%
EPS Next Y10.42%
EPS Next 2Y10.59%
EPS Next 3Y13.39%
EPS Next 5Y18.3%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y11.35%
Revenue growth 5Y11.72%
Sales Q2Q%12.31%
Revenue Next Year-1.53%
Revenue Next 2Y0.86%
Revenue Next 3Y2.64%
Revenue Next 5Y4.63%
EBIT growth 1Y-41.26%
EBIT growth 3Y-12.63%
EBIT growth 5Y-3.28%
EBIT Next Year29.5%
EBIT Next 3Y16.64%
EBIT Next 5Y17%
FCF growth 1Y-23.26%
FCF growth 3Y-12.42%
FCF growth 5Y-4.82%
OCF growth 1Y-19.36%
OCF growth 3Y-9.63%
OCF growth 5Y-2.7%

UNITEDHEALTH GROUP INC / UNH FAQ

Can you provide the ChartMill fundamental rating for UNITEDHEALTH GROUP INC?

ChartMill assigns a fundamental rating of 4 / 10 to UNH.


Can you provide the valuation status for UNITEDHEALTH GROUP INC?

ChartMill assigns a valuation rating of 4 / 10 to UNITEDHEALTH GROUP INC (UNH). This can be considered as Fairly Valued.


Can you provide the profitability details for UNITEDHEALTH GROUP INC?

UNITEDHEALTH GROUP INC (UNH) has a profitability rating of 5 / 10.


What are the PE and PB ratios of UNITEDHEALTH GROUP INC (UNH) stock?

The Price/Earnings (PE) ratio for UNITEDHEALTH GROUP INC (UNH) is 18.08 and the Price/Book (PB) ratio is 2.67.


Is the dividend of UNITEDHEALTH GROUP INC sustainable?

The dividend rating of UNITEDHEALTH GROUP INC (UNH) is 8 / 10 and the dividend payout ratio is 65.66%.