UnitedHealth Group
UNH stock analysis · Health Care · Managed Health Care
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-06-30. Approximate; share and price dates can differ.
View share-count filing ↗Reviewed debt balance
Reviewed consolidated balance-sheet debt: current debt 6069000000 plus noncurrent debt 72320000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period. Read the financial statement ↗
DCF value
Equity cash-flow scenario · SEC outstanding shares at 2026-06-30 · -35.1% versus input cap
How this is calculated ↗Reverse DCF
Annual basis · read assumptions below
How this is calculated ↗Relative valuation
52 sector peers · median 25.6×
How this is calculated ↗Historical multiples
7 annual observations · snapshot P/E 31.2× · 29.0% versus history
How this is calculated ↗Free cash flow yield
Annual basis · read assumptions below
How this is calculated ↗ROIC / quality
Normalized tax · financing-capital proxy
How this is calculated ↗Value composite
Annual basis · read assumptions below
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Annual basis · read assumptions below
How this is calculated ↗Fundamental momentum
Annual basis · read assumptions below
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | $338.39 | $369.21 | $402.36 |
| 10.0% | $247.97 | $269.79 | $293.21 |
| 12.0% | $195.63 | $212.27 | $230.12 |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 447.6B | 12.8B | 19.7B | 3.6B | 309.6B |
| 2024-12-31 | 400.3B | 15.2B | 24.2B | 3.5B | 298.3B |
| 2023-12-31 | 371.6B | 23.1B | 29.1B | 3.4B | 273.7B |
| 2022-12-31 | 324.2B | 20.6B | 26.2B | 2.8B | 245.7B |
| 2021-12-31 | 287.6B | 17.7B | 22.3B | 2.5B | 212.2B |
| 2020-12-31 | 257.1B | 15.8B | 22.2B | 2.1B | 197.3B |
| 2019-12-31 | 242.2B | 14.2B | 18.5B | 2.1B | 173.9B |
| 2018-12-31 | 226.2B | 12.4B | 15.7B | 2.1B | 152.2B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 447.6B | Revenues | 2026-03-02 |
| netIncome | 12.8B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-03-02 |
| Parent/common earnings proxy | 12.1B | NetIncomeLoss | 2026-03-02 |
| cfo | 19.7B | NetCashProvidedByUsedInOperatingActivities | 2026-03-02 |
| capex | 3.6B | PaymentsToAcquirePropertyPlantAndEquipment | 2026-03-02 |
| operatingIncome | 19B | OperatingIncomeLoss | 2026-03-02 |
| assets | 309.6B | Assets | 2026-03-02 |
| equity | 100.1B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-03-02 |
| Parent book equity proxy | 94.1B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest − MinorityInterest Parent stockholders' equity derived by removing explicitly reported noncontrolling interests; preferred equity may remain included. | 2026-03-02 |
| debt | 78.4B | Reviewed manual correction Reviewed consolidated balance-sheet debt: current debt 6069000000 plus noncurrent debt 72320000000, in USD. Includes current borrowings/current maturities already reported in the current debt line; current borrowings are included once in the capital calculation. Uses debt carrying amounts as presented, including financing leases only where included by the issuer; excludes operating leases and trade/insurance liabilities. This is a book-capital proxy, not fair value or a claim that every other liability is financing debt. Applies only to this reviewed fiscal period. | 2026-03-02 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 24.4B | CashAndCashEquivalentsAtCarryingValue | 2026-03-02 |
| shares | 911M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-03-02 |
| dividends | 7.9B | PaymentsOfDividendsCommonStock | 2026-03-02 |
| buybacks | 5.5B | PaymentsForRepurchaseOfCommonStock | 2026-03-02 |
| issuance | 827M | ProceedsFromIssuanceOfCommonStock | 2026-03-02 |