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UNHUnitedHealth Group Incorporated
$428.19$388.9B
Overview & Verdict
OverviewShould I Buy?
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UNH logoUnitedHealth Group Incorporated(UNH)Earnings, Financials & Key Ratios

UNH•NYSE•Insurance & Managed Care
$428.19
32.4× P/E·Price updated Jul 7, 2026
SectorHealthcareIndustryHealth InsuranceSub-IndustryVertically Integrated Payer-PBM Platforms
AboutUnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage and well-being services to individuals age 50 and older addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; Medicaid plans, children's health insurance and health care programs; health and dental benefits; and hospital and clinical services. The OptumHealth segment provides access to networks of care provider specialists, health management services, care delivery, consumer engagement, and financial services. This segment serves individuals directly through care delivery systems, employers, payers, and government entities. The OptumInsight segment offers software and information products, advisory consulting arrangements, and managed services outsourcing contracts to hospital systems, physicians, health plans, governments, life sciences companies, and other organizations. The OptumRx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and compounding pharmacy, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease/drug therapy management. UnitedHealth Group Incorporated was incorporated in 1977 and is based in Minnetonka, Minnesota.Show more
  • Revenue$447.57B+11.8%
  • Combined Ratio95.76%+4.2%
  • Net Income$12.06B-16.3%
  • Return on Equity11.8%-17.4%
  • Medical Cost Ratio81.47%+4.9%
  • Operating Margin4.24%-47.5%
  • Net Margin2.69%-25.1%
  • ROA3.97%-21.2%
  • Equity / Assets32.85%-4.5%

UNH Price & Volume

UnitedHealth Group Incorporated (UNH) stock price & volume — 10-year historical chart

Loading chart...

Stagnating Growth Amidst Persistent Medical Cost Inflation

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Decelerating
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Medical utilization cost inflation

Key Thesis Takeaways

  • UnitedHealth Group faces a challenging outlook as top-line growth decelerated to 2.0% in 2026Q1, signaling potential saturation in core insurance markets.
  • The company's vertical integration strategy is currently pressured by medical loss ratio volatility, which has contributed to inconsistent operating margins that dipped to 0.3% in 2025Q4.
  • Investors should remain cautious given the heavy reliance on $110.5 billion in goodwill and the potential for continued earnings quality degradation as the firm navigates complex care delivery integration.

Verdict Logic

while the company maintains a 2.0% dividend yield, the current P/E of 32.34 appears elevated given the recent deceleration in revenue growth to 2.0% and the ongoing volatility in quarterly earnings.

UNH Growth Metrics

UnitedHealth Group Incorporated (UNH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.04%
5 Years11.72%
3 Years11.35%
TTM9.67%

Profit CAGR

10 Years7.57%
5 Years-4.78%
3 Years-15.69%
TTM-45.52%

EPS CAGR

10 Years8.21%
5 Years-3.77%
3 Years-14.52%
TTM-44.55%

Return on Capital

10 Years17.79%
5 Years16.98%
3 Years15.59%
Last Year9.75%

UNH Recent Earnings

UnitedHealth Group Incorporated (UNH) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
Apr 21, 2026
Metric
Actual
Est
EPS
$7.23+9.9%
$6.58
Rev
$111.7B+2.1%
$109.4B
Q1 2026
Jan 27, 2026
Metric
Actual
Est
EPS
$2.11+0.5%
$2.10
Rev
$113.2B-0.5%
$113.8B
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$2.92+4.3%
$2.80
Rev
$113.2B+0.1%
$113.0B
Q3 2025
Jul 29, 2025
Metric
Actual
Est
EPS
$4.08-8.3%
$4.45
Rev
$111.6B+0.1%
$111.5B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 21, 2026
$7.23vs $6.58+9.9%
$111.7Bvs $109.4B+2.1%
Q1 2026Jan 27, 2026
$2.11vs $2.10+0.5%
$113.2Bvs $113.8B-0.5%
Q4 2025Oct 28, 2025
$2.92vs $2.80+4.3%
$113.2Bvs $113.0B+0.1%
Q3 2025Jul 29, 2025
$4.08vs $4.45-8.3%
$111.6Bvs $111.5B+0.1%
Based on last 12 quarters of dataView full earnings history →

Latest UNH News

Recent stock market news and headlines for UnitedHealth Group Incorporated (UNH)

Reuters·21h ago
UnitedHealth says most home-health diagnoses were supported in 2025

UnitedHealth on Tuesday said an audit by an external consulting firm showed nearly 97% of diagnoses identified ​within its HouseCalls home-health unit, which has faced scrutiny from lawmakers, ‌were supported by a patient's medical record.

Zacks Investment Research·1 day ago
UnitedHealth Group (UNH) Stock Declines While Market Improves: Some Information for Investors

UnitedHealth Group (UNH) concluded the recent trading session at $417.99, signifying a -1.73% move from its prior day's close.

Zacks Investment Research·1 day ago
UnitedHealth Bets on Profitability Over Growth: Will It Pay Off?

UnitedHealth is prioritizing profitability over rapid growth as improving margins, stronger earnings and Optum expansion aim to support a long-term turnaround.

Zacks Investment Research·1 day ago
Why UnitedHealth Group (UNH) is a Top Momentum Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Fool - Investing News·1 day ago
3 Stocks to Buy and Hold: The Long-Term Play for Your Portfolio

These three healthcare stocks provide stability, relatively high dividend yields, and consistent growth.

Peers Comparison

Key metrics vs top competitors for UnitedHealth Group Incorporated (UNH)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
UNH logoUNHUnitedHealth Group IncorporatedCurrent
$428.19$388.86B32.3711.81%2.69%11.8%2.03%
CVS logoCVSCVS Health Corporation
$104.33$133.12B75.067.85%0.72%3.86%—
ELV logoELVElevance Health Inc.
$418.85$90.96B16.6712.62%2.62%11.92%—
CI logoCICigna Corporation
$286.62$75.57B12.9311.26%2.26%15.08%—
HUM logoHUMHumana Inc.
$394.62$47.38B40.1010.06%0.82%6.17%—
CNC logoCNCCentene Corporation
$66.12$32.65B-4.8519.44%-3.25%-28.6%—

Compare UNH vs Peers

UnitedHealth Group Incorporated (UNH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CVS

Most directly comparable listed peer for UNH.

Scale Benchmark

vs MCK

Larger-name benchmark to compare UNH against a more recognizable public peer.

Peer Set

Compare Top 5

vs CVS, ELV, CI, HUM

UNH SEC Filings & Documents

UnitedHealth Group Incorporated (UNH) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 5, 2026·SEC

Material company update

May 11, 2026·SEC

Material company update

Apr 21, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 5, 2026·SEC

FY 2025

Oct 28, 2025·SEC

FY 2025

Aug 11, 2025·SEC

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UNH Frequently Asked Questions

UnitedHealth Group Incorporated (UNH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is UnitedHealth Group Incorporated growing?

UnitedHealth Group Incorporated (UNH) grew revenue by 11.8% over the past year. This is steady growth.

Is UNH profitable?

Yes, UnitedHealth Group Incorporated (UNH) is profitable, generating $12.04B in net income for fiscal year 2025 (2.7% net margin).

Dividend & Returns
Does UNH pay dividends?

Yes, UnitedHealth Group Incorporated (UNH) pays a dividend with a yield of 2.03%. This makes it attractive for income-focused investors.

What is UNH's return on equity?

UnitedHealth Group Incorporated (UNH) has a return on equity (ROE) of 11.8%. This is reasonable for most industries.

Industry Metrics
What is UnitedHealth Group Incorporated's combined ratio?

UnitedHealth Group Incorporated (UNH) has a combined ratio of 95.8%. A ratio below 100% indicates underwriting profitability.

What if you invested $1,000 in UNH back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →