UnitedHealth Group

Health Care Managed Health Care Minnetonka, Minnesota Last filing Mar 2, 2026 · FY2025

                    Revenue
                    FY2025
                
$447.6B
                    3y CAGR +11.4%
                    
                    P81
                    
                    n/a
                    
                    Net income
                    FY2025
                
$12.1B
                    Net margin +2.7%
                    
                    P22
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$309.6B
                    ROA +3.9%
                    
                    P33
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$19.7B
                    FCF margin +3.6%
                    
                    P22
                    
                    n/a

19 yrs · FY2007–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

31 accounts · 1 year

Total assets $309.6B

Total liabilities $207.9B

Shareholders equity $100.1B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$24.4B
Short Term Investments	$3.8B
Accounts Receivable	$23.0B
Prepaid Expenses	$9.7B
Other Current Assets	$23.0B
Total Current Assets	$90.6B
Property,Plant and Equipment	$10.8B
Goodwill	$110.5B
Intangible Assets	$20.5B
Long Term Investments	$48.2B
Other Noncurrent Assets	$23.0B
Total Assets	$309.6B
Liabilities
Accounts Payable	$38.0B
Accrued Liabilities	$114.9B
Deferred Revenue	$3.4B
Current Portion of Long Term Debt	$6.1B
Other Current Liabilities	$28.0B
Total Current Liabilities	$114.9B
Long Term Debt	$72.3B
Deferred Revenue Noncurrent	$3.4B
Deferred Tax Liabilities	$2.4B
Other Noncurrent Liabilities	$18.2B
Total Liabilities	$207.9B
Equity
Preferred Stock	$0
Common Stock	$9.0M
Additional Paid In Capital	$559.0M
Retained Earnings	$95.6B
Accumulated Other Comprehensive Income	$-2.1B
Noncontrolling Interest	$6.0B
Total Stockholders Equity	$100.1B
Total Liabilitiesand Equity	$309.6B

Income Statement

Revenue, expense, and profitability

19 accounts · 1 year

Revenue $447.6B

Operating income $19.0B

Net income $12.1B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	$447.6B
Expenses Cost of Revenue	$50.7B
Expenses Selling,General and Administrative	$59.6B
Expenses Depreciation and Amortization	$4.4B
Expenses Share Based Compensation	$971.0M
Expenses Restructuring and Asset Impairment	$2.5B
Expenses Operating Expenses	$428.6B
Other Income Expense Operating Income	$19.0B
Other Income Expense Interest Income	$3.9B
Other Income Expense Interest Expense	$4.0B
Other Income Expense Other Income/expense	$-1.7B
Other Income Expense Income Before Tax	$14.7B
Income Tax Income Tax Expense	$1.9B
net Income net Income	$12.1B
net Income Comprehensive Income	$13.4B
Earnings Per Share Basic Eps	$13
Earnings Per Share Diluted Eps	$13
Earnings Per Share Weighted Average Shares Basic	$908.0M
Earnings Per Share Weighted Average Shares Diluted	$911.0M

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 1 year

Operating cash flow $19.7B

Investing cash flow $-8.7B

Financing cash flow $-11.6B

Account	2025	Trend
CashFlow
Operating Activities net Income	$12.1B
Operating Activities Depreciation and Amortization	$4.4B
Operating Activities Stock Based Compensation	$971.0M
Operating Activities Deferred Income Taxes	$-1.8B
Operating Activities Changes In Operating Assets and Liabilities	$927.0M
Operating Activities net Cash From Operating Activities	$19.7B
Investing Activities Capital Expenditures	$3.6B
Investing Activities Business Acquisitions	$4.5B
Investing Activities Purchases of Investments	$17.4B
Investing Activities Proceeds From Sale of Investments	$8.4B
Investing Activities Other Investing Activities	$341.0M
Investing Activities net Cash From Investing Activities	$-8.7B
Financing Activities Proceeds From Debt	$3.0B
Financing Activities Repayment of Debt	$3.0B
Financing Activities Repurchase of Common Stock	$5.5B
Financing Activities Dividends Paid	$7.9B
Financing Activities Proceeds From Stock Issuance	$827.0M
Financing Activities Other Financing Activities	$63.0M
Financing Activities net Cash From Financing Activities	$-11.6B
Cash Reconciliation Effect of Exchange Rate On Cash	$40.0M
Cash Reconciliation net Change In Cash	$-947.0M
Cash Reconciliation Cash At Beginning of Period	$24.4B
Cash Reconciliation Cash At End of Period	$24.4B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+88.7%
Operating margin	+4.2%
Net margin	+2.7%
FCF margin	+3.6%
Growth
Revenue CAGR (3y)	+11.4%
Returns
ROE	+12.0%
ROA	+3.9%
ROIC	+10.7%
Liquidity
Current ratio	0.79x
Quick ratio	0.41x
Leverage
D/E	2.08x
Interest coverage	4.74x
Efficiency
Asset turnover	1.45x
Cash conversion cycle	—

Valuation

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FY2025 fundamentals · no price

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UnitedHealth Group

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