UnitedHealth Group Incorporated
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 23.5 | 20.6 | – | 16.6 | 28.1 | 25.3 | 19.6 | 21.7 | 22.4 | 26.9 | 18.1 | 17.0 | 11.1 | 9.4 | 8.8 | 10.7 | 10.3 | 13.7 | 17.7 | 19.6 | 22.1 | 20.6 | 20.4 | 20.5 | 21.9 | 27.8 | 25.0 | 22.1 | 32.6 | 24.9 | |
| 0.8 | 0.8 | 0.5 | 0.5 | 1.0 | 1.0 | 1.1 | 1.3 | 1.6 | 1.8 | 1.1 | 1.1 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 0.8 | 0.7 | 0.8 | 1.1 | 1.1 | 1.2 | 1.3 | 1.7 | 1.6 | 1.3 | 1.2 | 0.7 | |
| 2.2 | 2.1 | 2.0 | 2.4 | 5.6 | 5.9 | 6.0 | 7.0 | 5.4 | 4.7 | 3.6 | 3.9 | 1.6 | 1.5 | 1.6 | 1.9 | 1.8 | 2.4 | 3.1 | 3.4 | 4.0 | 4.4 | 4.7 | 4.9 | 5.1 | 6.7 | 6.5 | 5.6 | 5.1 | 3.2 | |
| – | – | 0.4 | 0.4 | 1.0 | 1.0 | 1.1 | 1.2 | 1.6 | 1.8 | 1.0 | 1.1 | 0.5 | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 | 0.8 | 0.9 | 1.0 | 1.2 | 1.2 | 1.3 | 1.4 | 1.8 | 1.7 | 1.4 | 1.3 | 0.8 | |
| – | – | 8.1 | 0.2 | 14.1 | 12.6 | 11.1 | 1.2 | 12.9 | 15.3 | 9.5 | 9.4 | 6.1 | 5.1 | 4.8 | 6.0 | 6.2 | 7.9 | 9.3 | 10.6 | 11.8 | 13.6 | 13.7 | 14.0 | 14.4 | 18.6 | 16.9 | 14.6 | 18.6 | 15.4 | |
| 21.1 | 19.1 | 9.5 | 9.5 | 16.2 | 16.3 | 13.2 | 13.6 | 15.3 | 21.7 | 13.0 | 15.8 | 9.6 | 7.4 | 7.6 | 9.3 | 9.3 | 13.2 | 15.1 | 13.9 | 19.1 | 18.8 | 17.9 | 17.3 | 16.7 | 24.1 | 21.5 | 19.2 | 22.7 | 18.7 | |
| 4.7% | 5.2% | 10.5% | 10.5% | 6.2% | 6.1% | 7.6% | 7.4% | 6.5% | 4.6% | 7.7% | 6.3% | 10.4% | 13.6% | 13.2% | 10.8% | 10.7% | 7.6% | 6.6% | 7.2% | 5.2% | 5.3% | 5.6% | 5.8% | 6.0% | 4.1% | 4.6% | 5.2% | 4.4% | 5.4% | |
| Margins | ||||||||||||||||||||||||||||||
| 28.7% | 27.6% | 22.1% | 23.1% | 23.5% | 7.8% | 27.3% | 27.5% | -77.0% | 26.1% | 23.4% | 25.5% | 23.8% | 8.4% | 9.5% | 9.4% | 25.2% | 24.8% | 25.6% | 23.6% | 23.5% | 23.4% | 23.8% | 23.8% | 26.1% | 24.2% | 24.6% | 24.5% | 22.3% | 18.5% | |
| 5.9% | 6.3% | -0.2% | 4.8% | 5.7% | 6.7% | 8.7% | 9.4% | 11.0% | 10.9% | 9.8% | 10.4% | 6.5% | 7.3% | 8.4% | 8.3% | 8.4% | 7.9% | 7.9% | 7.0% | 7.0% | 7.6% | 7.7% | 8.1% | 8.7% | 8.3% | 8.8% | 8.7% | 8.1% | 4.2% | |
| 3.5% | 3.9% | -1.0% | 2.9% | 3.5% | 3.9% | 5.4% | 5.8% | 7.0% | 6.6% | 5.8% | 6.2% | 3.7% | 4.4% | 4.9% | 5.0% | 5.0% | 4.6% | 4.3% | 3.7% | 3.8% | 5.2% | 5.3% | 5.7% | 6.0% | 6.0% | 6.2% | 6.0% | 3.6% | 2.7% | |
| 3.9% | 4.2% | 5.0% | 5.1% | 6.0% | 6.1% | 8.0% | 9.3% | 10.2% | 8.2% | 8.1% | 6.6% | 4.2% | 5.6% | 5.7% | 5.8% | 5.5% | 4.8% | 5.1% | 5.2% | 4.4% | 5.8% | 6.0% | 6.8% | 7.8% | 6.9% | 7.2% | 6.9% | 5.2% | 3.6% | |
| Returns | ||||||||||||||||||||||||||||||
| 9.3% | 10.1% | -4.1% | 14.7% | 20.0% | 23.5% | 30.5% | 32.3% | 24.1% | 17.4% | 20.0% | 23.2% | 14.3% | 16.2% | 17.9% | 18.2% | 17.7% | 17.5% | 17.3% | 17.2% | 18.3% | 21.2% | 23.2% | 24.0% | 23.5% | 24.1% | 25.9% | 25.2% | 15.5% | 12.8% | |
| 5.1% | 6.0% | -1.7% | 5.5% | 6.7% | 7.3% | 9.5% | 9.4% | 9.3% | 7.5% | 8.6% | 9.1% | 5.3% | 6.5% | 7.3% | 7.6% | 6.8% | 6.9% | 6.5% | 5.2% | 5.7% | 7.6% | 7.9% | 8.0% | 7.8% | 8.1% | 8.2% | 8.2% | 4.8% | 3.9% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| – | – | -1,185 | -1,014 | -210 | 44 | 631 | -283 | 32 | 1,690 | -2,864 | 2,144 | 5,368 | 1,373 | 2,019 | 2,209 | 8,348 | 9,584 | 9,911 | 21,171 | 22,540 | 19,711 | 25,688 | 29,693 | 26,546 | 24,628 | 34,258 | 38,148 | 51,592 | 54,024 | |
| – | – | -1.4 | 0.0 | -0.1 | 0.0 | 0.3 | 0.0 | 0.0 | 0.3 | -0.4 | 0.2 | 0.9 | 0.2 | 0.2 | 0.2 | 0.8 | 0.9 | 0.8 | 1.7 | 1.5 | 1.1 | 1.3 | 1.3 | 1.0 | 0.9 | 1.1 | 1.1 | 1.8 | 2.3 | |
| 54.6% | 59.5% | 41.6% | 37.6% | 33.4% | 31.2% | 31.3% | 29.1% | 38.4% | 42.9% | 43.1% | 39.4% | 37.2% | 40.0% | 41.0% | 41.7% | 38.5% | 39.3% | 37.6% | 30.3% | 31.3% | 35.8% | 34.0% | 33.1% | 33.2% | 33.8% | 31.7% | 32.4% | 31.1% | 30.4% | |
| – | – | 0.1 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 1.0 | 0.9 | 0.6 | 0.7 | 0.7 | 0.7 | 0.6 | 0.7 | 0.7 | 0.8 | 0.8 | |
| Per Share | ||||||||||||||||||||||||||||||
| 0.24 | 0.30 | -0.11 | 0.40 | 0.55 | 0.70 | 1.06 | 1.34 | 1.97 | 2.31 | 2.97 | 3.42 | 2.40 | 3.24 | 4.10 | 4.73 | 5.28 | 5.50 | 5.70 | 6.01 | 7.25 | 10.72 | 12.19 | 14.33 | 16.03 | 18.08 | 21.18 | 23.86 | 15.51 | 13.25 | |
| 6.78 | 7.72 | 11.38 | 13.78 | 15.69 | 17.98 | 19.71 | 23.13 | 28.28 | 34.83 | 51.03 | 55.42 | 65.42 | 73.91 | 83.25 | 93.71 | 105.75 | 119.74 | 132.33 | 162.47 | 190.95 | 204.22 | 230.16 | 250.68 | 267.58 | 300.83 | 341.22 | 396.19 | 430.87 | 491.83 | |
| 2.57 | 2.97 | 2.65 | 2.72 | 2.74 | 2.98 | 3.49 | 4.15 | 8.14 | 13.30 | 14.84 | 14.74 | 16.74 | 20.02 | 22.83 | 26.03 | 29.81 | 31.43 | 32.91 | 34.88 | 39.67 | 50.59 | 52.59 | 59.64 | 68.15 | 75.06 | 81.87 | 94.62 | 99.74 | 103.42 | |
| 0.27 | 0.32 | 0.56 | 0.70 | 0.95 | 1.09 | 1.58 | 2.15 | 2.88 | 2.86 | 4.14 | 3.68 | 2.78 | 4.14 | 4.77 | 5.47 | 5.82 | 5.70 | 6.70 | 8.46 | 8.36 | 11.75 | 13.89 | 16.97 | 20.94 | 20.80 | 24.64 | 27.38 | 22.29 | 17.66 | |
Data as of: October 2, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.