UNH Chart
About

UnitedHealth Group Incorporated operates as a health care company in the United States and internationally. The company 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 health and well-being services to individuals age 50 and older; Medicaid plans, children's health insurance and health care programs; and health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage. The Optum Health segment provides care delivery, care management, wellness and consumer engagement, and health financial services patients, consumers, care delivery systems, providers, employers, payers, and public-sector entities. The Optum Insight 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 Optum Rx segment provides pharmacy care services and programs, including retail network contracting, home delivery, specialty and community health pharmacy services, infusion, and purchasing and clinical capabilities, as well as develops programs in the areas of step therapy, formulary management, drug adherence, and disease and drug therapy management. UnitedHealth Group Incorporated was founded in 1974 and is based in Eden Prairie, Minnesota.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Healthcare Plans Market Cap 248.15B
Enterprise Value 301.17B Income 12.06B Sales 447.57B
Book/sh 109.99 Cash/sh 30.90 Dividend Yield 3.23%
Payout 65.99% Employees — IPO —
P/E 20.71 Forward P/E 13.68 PEG —
P/S 0.55 P/B 2.49 P/C —
EV/EBITDA 12.91 EV/Sales 0.67 Quick Ratio 0.45
Current Ratio 0.79 Debt/Eq 77.08 LT Debt/Eq —
EPS (ttm) 13.23 EPS next Y 20.03 EPS Growth -99.80%
Revenue Growth 12.30% Earnings 2026-04-16 ROA 3.90%
ROE 12.54% ROIC — Gross Margin 18.53%
Oper. Margin 0.34% Profit Margin 2.69% Shs Outstand 905.84M
Shs Float 902.33M Short Float 1.56% Short Ratio 1.29
Short Interest — 52W High 606.36 52W Low 234.60
Beta 0.41 Avg Volume 8.66M Volume 8.58M
Target Price $364.62 Recom None Prev Close $282.34
Price $273.95 Change -2.97%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$364.63
Mean price target
2. Current target
$281.36
Latest analyst target
3. DCF / Fair value
$316.53
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$281.36
Low
$255.00
High
$440.00
Mean
$364.63

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-05 main Mizuho Outperform → Outperform $350
2026-02-02 main Truist Securities Buy → Buy $370
2026-02-02 main JP Morgan Overweight → Overweight $389
2026-01-30 main Barclays Overweight → Overweight $327
2026-01-30 main Wells Fargo Overweight → Overweight $370
2026-01-28 main Jefferies Buy → Buy $340
2026-01-28 main Leerink Partners Outperform → Outperform $345
2026-01-28 main RBC Capital Outperform → Outperform $361
2026-01-28 main Oppenheimer Outperform → Outperform $385
2026-01-28 main UBS Buy → Buy $410
2026-01-23 main Morgan Stanley Overweight → Overweight $409
2026-01-05 main Barclays Overweight → Overweight $391
2025-10-30 main TD Cowen Hold → Hold $338
2025-10-30 main Bernstein Outperform → Outperform $440
2025-10-29 main UBS Buy → Buy $430
2025-10-29 main RBC Capital Outperform → Outperform $408
2025-10-29 main Piper Sandler Overweight → Overweight $417
2025-10-17 main Jefferies Buy → Buy $409
2025-10-14 init Goldman Sachs — → Buy $406
2025-10-09 main JP Morgan Overweight → Overweight $425
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 279 — — Stock Award(Grant) at price 0.00 per share. BAKER CHARLES D Director — 2026-01-02 00:00:00 D
1 285 — — Stock Award(Grant) at price 0.00 per share. FLYNN TIMOTHY PATRICK Director — 2026-01-02 00:00:00 D
2 168 — — Stock Award(Grant) at price 0.00 per share. HOOPER MICHELE J. Director — 2026-01-02 00:00:00 D
3 125 — — Stock Award(Grant) at price 0.00 per share. GOTTLIEB SCOTT Director — 2026-01-02 00:00:00 D
4 280 — — Stock Award(Grant) at price 0.00 per share. GARCIA PAUL REU Director — 2026-01-02 00:00:00 D
5 261 — — Stock Award(Grant) at price 0.00 per share. NOSEWORTHY JOHN H Director — 2026-01-02 00:00:00 D
6 279 — — Stock Award(Grant) at price 0.00 per share. MONTGOMERY RICE VALERIE C Director — 2026-01-02 00:00:00 D
7 168 — — Stock Award(Grant) at price 0.00 per share. GIL KRISTEN Director — 2026-01-02 00:00:00 D
8 316 — — Stock Award(Grant) at price 0.00 per share. MCNABB FREDERICK WILLIAM III Director — 2026-01-02 00:00:00 D
9 55000 — — Stock Gift at price 0.00 per share. HEMSLEY STEPHEN J Chief Executive Officer — 2025-12-19 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-2.00B0.000.000.00
TaxRateForCalcs0.240.200.220.20
NormalizedEBITDA36.39B36.33B31.84B27.07B
TotalUnusualItems-8.31B0.000.002.32B
TotalUnusualItemsExcludingGoodwill-8.31B0.000.002.32B
NetIncomeFromContinuingOperationNetMinorityInterest14.40B22.38B20.12B17.29B
ReconciledDepreciation4.10B3.97B3.40B3.10B
ReconciledCostOfRevenue310.88B280.66B244.54B217.94B
EBITDA28.08B36.33B31.84B27.07B
EBIT23.98B32.36B28.43B23.97B
NetInterestIncome-3.91B-3.25B-2.09B-1.66B
InterestExpense3.91B3.25B2.09B1.66B
NormalizedIncome20.71B22.38B20.12B17.29B
NetIncomeFromContinuingAndDiscontinuedOperation14.40B22.38B20.12B17.29B
TotalExpenses367.99B339.26B295.73B263.63B
TotalOperatingIncomeAsReported32.29B32.36B28.43B23.97B
DilutedAverageShares911.00M929.00M938.00M950.00M
BasicAverageShares905.84M915.00M924.00M934.00M
DilutedEPS13.2315.5123.8621.18
BasicEPS13.3115.7424.2221.54
DilutedNIAvailtoComStockholders14.40B22.38B20.12B17.29B
NetIncomeCommonStockholders14.40B22.38B20.12B17.29B
NetIncome14.40B22.38B20.12B17.29B
MinorityInterests-837.00M-763.00M-519.00M-447.00M
NetIncomeIncludingNoncontrollingInterests15.24B23.14B20.64B17.73B
NetIncomeContinuousOperations15.24B23.14B20.64B17.73B
TaxProvision4.83B5.97B5.70B4.58B
PretaxIncome20.07B29.11B26.34B22.31B
OtherIncomeExpense-8.31B4.09B2.03B2.32B
SpecialIncomeCharges-8.31B0.000.00
GainOnSaleOfBusiness-8.31B0.000.00
GainOnSaleOfSecurity4.09B2.03B2.32B
NetNonOperatingInterestIncomeExpense-3.91B-3.25B-2.09B-1.66B
InterestExpenseNonOperating3.91B3.25B2.09B1.66B
OperatingIncome32.29B32.36B28.43B23.97B
OperatingExpense57.11B58.60B51.18B45.68B
OtherOperatingExpenses53.01B54.63B47.78B42.58B
DepreciationAmortizationDepletionIncomeStatement4.10B3.97B3.40B3.10B
DepreciationAndAmortizationInIncomeStatement4.10B3.97B3.40B3.10B
GrossProfit89.40B90.96B79.62B69.65B
CostOfRevenue310.88B280.66B244.54B217.94B
TotalRevenue400.28B371.62B324.16B287.60B
OperatingRevenue400.28B371.62B324.16B287.60B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber915.00M924.00M934.00M941.00M
ShareIssued915.00M924.00M934.00M941.00M
NetDebt51.59B37.11B34.26B24.63B
TotalDebt76.90B62.54B57.62B46.00B
TangibleBookValue-37.34B-30.17B-29.98B-14.08B
InvestedCapital169.56B151.29B135.40B117.76B
WorkingCapital-17.99B-20.62B-20.17B-16.53B
NetTangibleAssets-37.34B-30.17B-29.98B-14.08B
CommonStockEquity92.66B88.76B77.77B71.76B
TotalCapitalization165.02B147.02B132.28B114.14B
TotalEquityGrossMinorityInterest102.59B98.92B86.35B76.48B
MinorityInterest9.93B10.16B8.57B4.72B
StockholdersEquity92.66B88.76B77.77B71.76B
GainsLossesNotAffectingRetainedEarnings-3.39B-7.03B-8.39B-5.38B
OtherEquityAdjustments-3.39B-7.03B-8.39B-5.38B
RetainedEarnings96.04B95.77B86.16B77.13B
AdditionalPaidInCapital0.00
CapitalStock9.00M9.00M9.00M10.00M
CommonStock9.00M9.00M9.00M10.00M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest195.69B174.80B159.36B135.73B
TotalNonCurrentLiabilitiesNetMinorityInterest91.92B75.75B70.12B57.44B
OtherNonCurrentLiabilities15.94B14.46B12.84B11.79B
NonCurrentDeferredLiabilities3.62B3.02B2.77B3.27B
NonCurrentDeferredTaxesLiabilities3.62B3.02B2.77B3.27B
LongTermDebtAndCapitalLeaseObligation72.36B58.26B54.51B42.38B
LongTermDebt72.36B58.26B54.51B42.38B
CurrentLiabilities103.77B99.05B89.24B78.29B
OtherCurrentLiabilities27.35B27.07B26.28B22.98B
CurrentDeferredLiabilities3.32B3.35B3.08B2.57B
CurrentDeferredRevenue3.32B3.35B3.08B2.57B
CurrentDebtAndCapitalLeaseObligation4.54B4.27B3.11B3.62B
CurrentDebt4.54B4.27B3.11B3.62B
PayablesAndAccruedExpenses68.56B64.35B56.77B49.13B
Payables68.56B64.35B56.77B49.13B
AccountsPayable68.56B64.35B56.77B49.13B
TotalAssets298.28B273.72B245.71B212.21B
TotalNonCurrentAssets212.50B195.28B176.64B150.45B
OtherNonCurrentAssets19.59B17.30B15.03B12.53B
InvestmentsAndAdvances52.35B47.61B43.73B43.11B
GoodwillAndOtherIntangibleAssets130.00B118.93B107.75B85.84B
OtherIntangibleAssets23.27B15.19B14.40B10.04B
Goodwill106.73B103.73B93.35B75.80B
NetPPE10.55B11.45B10.13B8.97B
AccumulatedDepreciation-6.97B-7.04B-6.93B-5.99B
GrossPPE17.52B18.49B17.06B14.96B
MachineryFurnitureEquipment12.95B12.20B10.84B9.58B
BuildingsAndImprovements4.21B5.57B5.52B4.88B
LandAndImprovements364.00M712.00M697.00M502.00M
Properties0.000.000.000.00
CurrentAssets85.78B78.44B69.07B61.76B
OtherCurrentAssets8.21B9.84B10.71B9.77B
PrepaidAssets5.32B
Receivables48.45B38.97B30.45B28.08B
OtherReceivables26.09B17.69B12.77B13.87B
AccountsReceivable22.36B21.28B17.68B14.22B
AllowanceForDoubtfulAccountsReceivable-985.00M-1.00B-877.00M-954.00M
GrossAccountsReceivable23.35B22.28B18.56B15.17B
CashCashEquivalentsAndShortTermInvestments29.11B29.63B27.91B23.91B
OtherShortTermInvestments3.80B4.20B4.55B2.53B
CashAndCashEquivalents25.31B25.43B23.36B21.38B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow20.70B25.68B23.40B19.89B
RepurchaseOfCapitalStock-9.00B-8.00B-7.00B-5.00B
RepaymentOfDebt-3.00B-2.12B-3.02B-3.15B
IssuanceOfDebt17.81B6.39B14.82B6.93B
IssuanceOfCapitalStock1.85B1.35B1.25B1.35B
CapitalExpenditure-3.50B-3.39B-2.80B-2.45B
InterestPaidSupplementalData3.59B3.04B1.95B1.65B
IncomeTaxPaidSupplementalData4.62B6.08B5.22B3.97B
EndCashPosition25.31B25.43B23.36B21.38B
OtherCashAdjustmentOutsideChangeinCash-219.00M0.000.00
BeginningCashPosition25.43B23.36B21.38B16.92B
EffectOfExchangeRateChanges-61.00M97.00M34.00M-62.00M
ChangesInCash165.00M1.97B1.96B4.52B
FinancingCashFlow-3.51B-11.53B4.23B-7.46B
CashFlowFromContinuingFinancingActivities-3.51B-11.53B4.23B-7.46B
NetOtherFinancingCharges-3.48B-2.40B3.43B-1.01B
CashDividendsPaid-7.53B-6.76B-5.99B-5.28B
CommonStockDividendPaid-7.53B-6.76B-5.99B-5.28B
NetCommonStockIssuance-7.15B-6.65B-5.75B-3.65B
CommonStockPayments-9.00B-8.00B-7.00B-5.00B
CommonStockIssuance1.85B1.35B1.25B1.35B
NetIssuancePaymentsOfDebt14.66B4.28B12.54B2.48B
NetShortTermDebtIssuance-151.00M11.00M732.00M-1.30B
NetLongTermDebtIssuance14.81B4.27B11.80B3.78B
LongTermDebtPayments-3.00B-2.12B-3.02B-3.15B
LongTermDebtIssuance17.81B6.39B14.82B6.93B
InvestingCashFlow-20.53B-15.57B-28.48B-10.37B
CashFlowFromContinuingInvestingActivities-20.53B-15.57B-28.48B-10.37B
NetOtherInvestingChanges-4.14B-275.00M2.62B-1.25B
NetInvestmentPurchaseAndSale525.00M-1.78B-6.84B-1.84B
SaleOfInvestment27.83B16.54B11.99B15.30B
PurchaseOfInvestment-27.31B-18.31B-18.82B-17.14B
NetBusinessPurchaseAndSale-13.41B-10.14B-21.46B-4.82B
PurchaseOfBusiness-13.41B-10.14B-21.46B-4.82B
NetPPEPurchaseAndSale-3.50B-3.39B-2.80B-2.45B
PurchaseOfPPE-3.50B-3.39B-2.80B-2.45B
OperatingCashFlow24.20B29.07B26.21B22.34B
CashFlowFromContinuingOperatingActivities24.20B29.07B26.21B22.34B
ChangeInWorkingCapital-808.00M1.64B2.25B1.52B
ChangeInOtherWorkingCapital-197.00M203.00M126.00M-310.00M
ChangeInOtherCurrentLiabilities-1.37B-1.03B
ChangeInOtherCurrentAssets-4.14B-2.44B-1.37B-1.03B
ChangeInPayablesAndAccruedExpense4.97B7.00B6.02B3.86B
ChangeInPayable4.97B7.00B6.02B3.86B
ChangeInAccountPayable2.46B3.52B1.96B1.16B
ChangeInReceivables-1.44B-3.11B-2.52B-1.00B
ChangesInAccountReceivables-1.44B-3.11B-2.52B-1.00B
OtherNonCashItems-3.36B-505.00M-331.00M-944.00M
StockBasedCompensation1.02B1.06B925.00M800.00M
DeferredTax-296.00M-245.00M-673.00M130.00M
DeferredIncomeTax-296.00M-245.00M-673.00M130.00M
DepreciationAmortizationDepletion4.10B3.97B3.40B3.10B
DepreciationAndAmortization4.10B3.97B3.40B3.10B
OperatingGainsLosses8.31B
GainLossOnSaleOfBusiness8.31B0.000.00
NetIncomeFromContinuingOperations15.24B23.14B20.64B17.73B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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