Fundamental analysis · SEC EDGAR · TTM through 31/03/2026
UNH · NYSE · Healthcare
Fundamental quality
54
out of 100
Unitedhealth Group Inc earns a fundamental-quality score of 54 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its financial strength (net debt 2.15× EBITDA). Its weakest area is its growth (revenue +11.2%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
UnitedHealth is the largest health company in the U.S. It combines health insurance (UnitedHealthcare) with health services, data and pharmacy (Optum). It's a giant present across almost the entire U.S. healthcare chain.
EPS growth: -3.5% · Revenue growth: 11.2%
Net margin: 2.7% · ROE: 11.6% · ROIC: 10.8%
Net debt/EBITDA: 2.15x · FCF: 4.4%
Source: SEC EDGAR · TTM through 31/03/2026
The score includes +4 for dividend strength: 16 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.
The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.
Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 257,141 | 15,403 | 20,123 | 26,546 |
| 2021 | 287,597 | 17,285 | 19,889 | 24,628 |
| 2022 | 324,162 | 20,120 | 23,404 | 34,258 |
| 2023 | 371,622 | 22,381 | 25,682 | 37,110 |
| 2024 | 400,278 | 14,405 | 20,705 | 51,592 |
| 2025 | 447,567 | 12,056 | 16,075 | 54,024 |
Between 2020 and 2025, revenue went from $257,141M to $447,567M (+74%) and net income went from $15,403M to $12,056M (-22%). Meanwhile, its margins have narrowed (from 6% to 3%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
$8.73
per share, yearly
65.7% of earnings
Payout
16 straight years raising it
Growth
The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →
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Is Unitedhealth Group Inc cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Unitedhealth Group Inc a good company to invest in?
In terms of business quality, Unitedhealth Group Inc scores 54 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Unitedhealth Group Inc a profitable company?
Unitedhealth Group Inc is profitable, with a net margin of 2.7%, though a thin one.
Does Unitedhealth Group Inc have a lot of debt?
A moderate level: its net debt is 2.15 times its EBITDA.
Is Unitedhealth Group Inc growing?
Its revenue has grown 11.2% annualized in recent years, and without interruption since 2020.
Does Unitedhealth Group Inc generate cash?
Yes. It converts about 4.4% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Unitedhealth Group Inc's filings on EDGAR
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