Net Profit Margin
since 2005
Calculation
UnitedHealth Group Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net earnings attributable to UnitedHealth Group common shareholders1 | ÷ | Revenues, customers1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 6.09% | = | 100 | × | 22,381) | ÷ | 367,533) |
| Dec 31, 2022 | 6.25% | = | 100 | × | 20,120) | ÷ | 322,132) |
| Dec 31, 2021 | 6.06% | = | 100 | × | 17,285) | ÷ | 285,273) |
| Dec 31, 2020 | 6.03% | = | 100 | × | 15,403) | ÷ | 255,639) |
| Dec 31, 2019 | 5.76% | = | 100 | × | 13,839) | ÷ | 240,269) |
| Dec 31, 2018 | 5.33% | = | 100 | × | 11,986) | ÷ | 224,871) |
| Dec 31, 2017 | 5.28% | = | 100 | × | 10,558) | ÷ | 200,136) |
| Dec 31, 2016 | 3.81% | = | 100 | × | 7,017) | ÷ | 184,012) |
| Dec 31, 2015 | 3.72% | = | 100 | × | 5,813) | ÷ | 156,397) |
| Dec 31, 2014 | 4.33% | = | 100 | × | 5,619) | ÷ | 129,695) |
| Dec 31, 2013 | 4.62% | = | 100 | × | 5,625) | ÷ | 121,744) |
| Dec 31, 2012 | 5.03% | = | 100 | × | 5,526) | ÷ | 109,938) |
| Dec 31, 2011 | 5.08% | = | 100 | × | 5,142) | ÷ | 101,208) |
| Dec 31, 2010 | 4.95% | = | 100 | × | 4,634) | ÷ | 93,546) |
| Dec 31, 2009 | 4.42% | = | 100 | × | 3,822) | ÷ | 86,546) |
| Dec 31, 2008 | 3.70% | = | 100 | × | 2,977) | ÷ | 80,415) |
| Dec 31, 2007 | 6.26% | = | 100 | × | 4,654) | ÷ | 74,287) |
| Dec 31, 2006 | 5.89% | = | 100 | × | 4,159) | ÷ | 70,671) |
| Dec 31, 2005 | 7.36% | = | 100 | × | 3,300) | ÷ | 44,866) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
UnitedHealth Group Inc., net profit margin, long-term trends, comparison to competitors
| UnitedHealth Group Inc. | Abbott Laboratories | Cigna Group | CVS Health Corp. | Elevance Health Inc. | Humana Inc. | Intuitive Surgical Inc. | Medtronic PLC | |
|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 6.09% | 14.27% | 2.66% | 2.34% | 3.52% | 2.36% | 25.24% | 12.03% |
| Dec 31, 2022 | 6.25% | 15.88% | 3.72% | 1.29% | 3.87% | 3.03% | 21.25% | 15.90% |
| Dec 31, 2021 | 6.06% | 16.42% | 3.11% | 2.72% | 4.46% | 3.54% | 29.85% | 11.97% |
| Dec 31, 2020 | 6.03% | 12.99% | 5.31% | 2.68% | 3.78% | 4.43% | 24.33% | 16.56% |
| Dec 31, 2019 | 5.76% | 11.56% | 3.35% | 2.59% | 4.66% | 4.20% | 30.80% | 15.16% |
| Dec 31, 2018 | 5.33% | 7.74% | 5.59% | -0.31% | 4.11% | 2.98% | 30.29% | 10.36% |
| Dec 31, 2017 | 5.28% | 1.74% | 5.51% | 3.58% | 4.31% | 4.59% | 21.09% | 13.56% |
| Dec 31, 2016 | 3.81% | 6.71% | 4.87% | 3.00% | 2.93% | 1.14% | 27.21% | 12.27% |
| Dec 31, 2015 | 3.72% | 21.68% | 5.71% | 3.42% | 3.27% | 2.37% | 24.69% | 13.20% |
| Dec 31, 2014 | 4.33% | 11.28% | 6.26% | 3.33% | 3.52% | 2.38% | 19.65% | 18.02% |
| Dec 31, 2013 | 4.62% | 11.79% | 4.76% | 3.62% | 3.55% | 3.01% | 29.62% | 20.90% |
| Dec 31, 2012 | 5.03% | 14.95% | 5.81% | 3.15% | 4.37% | 3.15% | 30.14% | 22.35% |
| Dec 31, 2011 | 5.08% | 12.17% | 6.38% | 3.23% | 4.42% | 3.89% | 28.17% | 19.43% |
| Dec 31, 2010 | 4.95% | 13.15% | 6.70% | 3.55% | 4.99% | 3.28% | 27.02% | 19.59% |
| Dec 31, 2009 | 4.42% | 18.68% | 7.46% | 3.74% | 7.80% | 3.39% | 22.11% | 14.86% |
| Dec 31, 2008 | 3.70% | 16.53% | 1.60% | 3.67% | 4.04% | 2.25% | 23.35% | 16.51% |
| Dec 31, 2007 | 6.26% | 13.92% | 6.76% | 3.45% | 5.56% | 3.34% | 24.06% | 22.78% |
| Dec 31, 2006 | 5.89% | 7.64% | 7.63% | 3.12% | 5.52% | 2.31% | 19.33% | 22.55% |
| Dec 31, 2005 | 7.36% | 15.10% | 10.60% | 3.31% | 5.53% | 2.16% | 41.41% | 17.94% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
UnitedHealth Group Inc., net profit margin, long-term trends, comparison to sector (health care equipment & services)
| UnitedHealth Group Inc. | Health Care Equipment & Services | |
|---|---|---|
| Dec 31, 2023 | 6.09% | 4.37% |
| Dec 31, 2022 | 6.25% | 4.60% |
| Dec 31, 2021 | 6.06% | 4.96% |
| Dec 31, 2020 | 6.03% | 5.21% |
| Dec 31, 2019 | 5.76% | 4.85% |
| Dec 31, 2018 | 5.33% | 3.84% |
| Dec 31, 2017 | 5.28% | 4.92% |
| Dec 31, 2016 | 3.81% | 3.89% |
| Dec 31, 2015 | 3.72% | 4.73% |
| Dec 31, 2014 | 4.33% | 4.72% |
| Dec 31, 2013 | 4.62% | 5.13% |
| Dec 31, 2012 | 5.03% | 6.00% |
| Dec 31, 2011 | 5.08% | 5.84% |
| Dec 31, 2010 | 4.95% | 6.08% |
| Dec 31, 2009 | 4.42% | 6.68% |
| Dec 31, 2008 | 3.70% | 5.29% |
| Dec 31, 2007 | 6.26% | 6.58% |
| Dec 31, 2006 | 5.89% | 6.06% |
| Dec 31, 2005 | 7.36% | 7.52% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
UnitedHealth Group Inc., net profit margin, long-term trends, comparison to industry (health care)
| UnitedHealth Group Inc. | Health Care | |
|---|---|---|
| Dec 31, 2023 | 6.09% | 7.65% |
| Dec 31, 2022 | 6.25% | 10.55% |
| Dec 31, 2021 | 6.06% | 11.48% |
| Dec 31, 2020 | 6.03% | 7.64% |
| Dec 31, 2019 | 5.76% | 10.09% |
| Dec 31, 2018 | 5.33% | 9.13% |
| Dec 31, 2017 | 5.28% | 7.75% |
| Dec 31, 2016 | 3.81% | 9.91% |
| Dec 31, 2015 | 3.72% | 10.98% |
| Dec 31, 2014 | 4.33% | 11.39% |
| Dec 31, 2013 | 4.62% | 11.99% |
| Dec 31, 2012 | 5.03% | 11.19% |
| Dec 31, 2011 | 5.08% | 10.02% |
| Dec 31, 2010 | 4.95% | 10.09% |
| Dec 31, 2009 | 4.42% | 14.33% |
| Dec 31, 2008 | 3.70% | 10.62% |
| Dec 31, 2007 | 6.26% | 10.58% |
| Dec 31, 2006 | 5.89% | 13.20% |
| Dec 31, 2005 | 7.36% | 12.89% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).