UNITEDHEALTH GROUP INC (UNH) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:UNH • US91324P1021

276.65 USD
+8.1 (+3.02%)
At close: Feb 6, 2026
275.85 USD
-0.8 (-0.29%)
After Hours: 2/6/2026, 5:09:29 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to UNH. UNH was compared to 102 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 has a decent growth rate and is not valued too expensively. Finally UNH also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • UNH had positive earnings in the past year.
  • UNH had a positive operating cash flow in the past year.
  • UNH had positive earnings in each of the past 5 years.
  • Each year in the past 5 years UNH had a positive operating cash flow.
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

  • The Return On Assets of UNH (3.89%) is better than 69.61% of its industry peers.
  • UNH's Return On Equity of 12.05% is fine compared to the rest of the industry. UNH outperforms 76.47% of its industry peers.
  • UNH has a Return On Invested Capital of 5.09%. This is comparable to the rest of the industry: UNH outperforms 57.84% of its industry peers.
  • UNH had an Average Return On Invested Capital over the past 3 years of 8.75%. This is in line with the industry average of 9.16%.
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 better Profit Margin (2.69%) than 64.71% of its industry peers.
  • UNH's Profit Margin has declined in the last couple of years.
  • The Operating Margin of UNH (4.24%) is better than 61.76% 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

More info and screens

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.
  • The number of shares outstanding for UNH has been reduced compared to 5 years ago.
  • Compared to 1 year ago, UNH has an improved debt to assets ratio.
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

  • UNH has a debt to FCF ratio of 4.99. This is a neutral value as UNH would need 4.99 years to pay back of 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 65.69% of the companies in the same industry.
  • A Debt/Equity ratio of 0.72 indicates that UNH is somewhat dependend on debt financing.
  • UNH has a Debt to Equity ratio of 0.72. This is comparable to the rest of the industry: UNH outperforms 51.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.72
Debt/FCF 4.99
Altman-Z N/A
ROIC/WACC0.59
WACC8.59%
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

More info and screens

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

5

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%.
  • UNH shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.67% yearly.
  • UNH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.81%.
  • The Revenue has been growing by 11.72% on average over the past years. This is quite good.
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

  • The Earnings Per Share is expected to grow by 21.30% on average over the next years. This is a very strong growth
  • UNH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.37% yearly.
EPS Next Y10.42%
EPS Next 2Y10.59%
EPS Next 3Y13.39%
EPS Next 5Y21.3%
Revenue Next Year-1.43%
Revenue Next 2Y0.97%
Revenue Next 3Y2.59%
Revenue Next 5Y5.37%

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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.96, which indicates a correct valuation of UNH.
  • Compared to the rest of the industry, the Price/Earnings ratio of UNH indicates a rather cheap valuation: UNH is cheaper than 80.39% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.67, UNH is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 15.36, UNH is valued correctly.
  • Based on the Price/Forward Earnings ratio, UNH is valued a bit cheaper than the industry average as 79.41% of the companies are valued more expensively.
  • UNH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.20, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.96
Fwd PE 15.36
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of UNH indicates a somewhat cheap valuation: UNH is cheaper than 66.67% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of UNH indicates a somewhat cheap valuation: UNH is cheaper than 73.53% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.94
EV/EBITDA 12.58
UNH Per share dataUNH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 100 200 300 400

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as UNH's earnings are expected to grow with 13.39% in the coming years.
PEG (NY)1.63
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 3.11%.
  • Compared to an average industry Dividend Yield of 0.48, UNH pays a better dividend. On top of this UNH pays more dividend than 96.08% of the companies listed in the same industry.
  • UNH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.11%

5.2 History

  • On average, the dividend of UNH grows each year by 12.43%, which is quite nice.
  • 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

  • UNH pays out 65.66% of its income as dividend. This is not a sustainable payout ratio.
  • The dividend of UNH is growing, but earnings are growing more, so the dividend growth is 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

More info and screens

Find the best dividend stocksShow peers with best dividend

UNITEDHEALTH GROUP INC

NYSE:UNH (2/6/2026, 5:09:29 PM)

After market: 275.85 -0.8 (-0.29%)

276.65

+8.1 (+3.02%)

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 Change-3.1%
Ins Owners0.16%
Ins Owner Change-0.95%
Market Cap250.60B
Revenue(TTM)447.57B
Net Income(TTM)12.06B
Analysts75.15
Price Target378.08 (36.66%)
Short Float %1.49%
Short Ratio1.57
Dividend
Industry RankSector Rank
Dividend Yield 3.11%
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)0.65%
PT rev (3m)8.1%
EPS NQ rev (1m)4%
EPS NQ rev (3m)0.38%
EPS NY rev (1m)-0.08%
EPS NY rev (3m)0.88%
Revenue NQ rev (1m)-2.03%
Revenue NQ rev (3m)-3.5%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-2.27%
Valuation
Industry RankSector Rank
PE 16.96
Fwd PE 15.36
P/S 0.56
P/FCF 15.94
P/OCF 12.96
P/B 2.5
P/tB 2.5
EV/EBITDA 12.58
EPS(TTM)16.31
EY5.9%
EPS(NY)18.01
Fwd EY6.51%
FCF(TTM)17.35
FCFY6.27%
OCF(TTM)21.35
OCFY7.72%
SpS494.09
BVpS110.49
TBVpS110.49
PEG (NY)1.63
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
WACC8.59%
ROIC/WACC0.59
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 5Y21.3%
Revenue 1Y (TTM)11.81%
Revenue growth 3Y11.35%
Revenue growth 5Y11.72%
Sales Q2Q%12.31%
Revenue Next Year-1.43%
Revenue Next 2Y0.97%
Revenue Next 3Y2.59%
Revenue Next 5Y5.37%
EBIT growth 1Y-41.26%
EBIT growth 3Y-12.63%
EBIT growth 5Y-3.28%
EBIT Next Year30.68%
EBIT Next 3Y19.54%
EBIT Next 5Y19.54%
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 5 / 10 to UNH.


Can you provide the valuation status for UNITEDHEALTH GROUP INC?

ChartMill assigns a valuation rating of 5 / 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 16.96 and the Price/Book (PB) ratio is 2.5.


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%.