Price to Operating Profit (P/OP)
since 2005
Calculation
UnitedHealth Group Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Earnings from operations1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 28, 2024 | 14.20 | = | 498.28 | ÷ | 35.10 | 35.10 | = | 32,358 | ÷ | 921,934,109 | |
| Feb 24, 2023 | 15.89 | = | 484.33 | ÷ | 30.48 | 30.48 | = | 28,435 | ÷ | 932,846,602 | |
| Feb 15, 2022 | 18.77 | = | 478.23 | ÷ | 25.48 | 25.48 | = | 23,970 | ÷ | 940,899,146 | |
| Mar 1, 2021 | 14.12 | = | 334.65 | ÷ | 23.70 | 23.70 | = | 22,405 | ÷ | 945,319,404 | |
| Feb 14, 2020 | 14.40 | = | 298.78 | ÷ | 20.75 | 20.75 | = | 19,685 | ÷ | 948,573,372 | |
| Feb 12, 2019 | 14.58 | = | 263.50 | ÷ | 18.08 | 18.08 | = | 17,344 | ÷ | 959,538,515 | |
| Feb 13, 2018 | 14.42 | = | 226.64 | ÷ | 15.72 | 15.72 | = | 15,209 | ÷ | 967,662,919 | |
| Feb 8, 2017 | 11.79 | = | 160.31 | ÷ | 13.59 | 13.59 | = | 12,930 | ÷ | 951,165,192 | |
| Feb 9, 2016 | 9.59 | = | 111.16 | ÷ | 11.59 | 11.59 | = | 11,021 | ÷ | 950,673,998 | |
| Feb 10, 2015 | 10.12 | = | 108.97 | ÷ | 10.77 | 10.77 | = | 10,274 | ÷ | 953,695,161 | |
| Feb 12, 2014 | 7.22 | = | 70.24 | ÷ | 9.73 | 9.73 | = | 9,623 | ÷ | 989,191,844 | |
| Feb 7, 2013 | 6.32 | = | 57.05 | ÷ | 9.03 | 9.03 | = | 9,254 | ÷ | 1,024,925,324 | |
| Feb 9, 2012 | 6.55 | = | 53.06 | ÷ | 8.10 | 8.10 | = | 8,464 | ÷ | 1,044,964,149 | |
| Feb 10, 2011 | 5.90 | = | 42.43 | ÷ | 7.19 | 7.19 | = | 7,864 | ÷ | 1,093,694,629 | |
| Feb 10, 2010 | 5.95 | = | 32.71 | ÷ | 5.49 | 5.49 | = | 6,359 | ÷ | 1,157,533,379 | |
| Feb 11, 2009 | 6.59 | = | 28.55 | ÷ | 4.33 | 4.33 | = | 5,263 | ÷ | 1,215,615,705 | |
| Feb 21, 2008 | 7.62 | = | 47.80 | ÷ | 6.27 | 6.27 | = | 7,849 | ÷ | 1,251,382,699 | |
| Mar 6, 2007 | 10.47 | = | 53.98 | ÷ | 5.16 | 5.16 | = | 6,984 | ÷ | 1,354,320,209 | |
| Feb 24, 2006 | 14.87 | = | 58.89 | ÷ | 3.96 | 3.96 | = | 5,373 | ÷ | 1,356,292,073 |
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$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of UnitedHealth Group Inc. Annual Report.
Comparison to Competitors
UnitedHealth Group Inc., P/OP, long-term trends, comparison to competitors
| UnitedHealth Group Inc. | Abbott Laboratories | Cigna Group | CVS Health Corp. | Humana Inc. | Intuitive Surgical Inc. | Medtronic PLC | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2024 | 14.20 | 30.54 | 11.51 | 6.96 | 10.94 | 75.42 | 21.20 |
| Feb 24, 2023 | 15.89 | 22.18 | 10.40 | 14.75 | 16.63 | 54.49 | 20.48 |
| Feb 15, 2022 | 18.77 | 24.45 | 9.08 | 10.43 | 17.08 | 56.11 | 37.44 |
| Mar 1, 2021 | 14.12 | 40.69 | 9.03 | 6.65 | 9.78 | 88.37 | 26.29 |
| Feb 14, 2020 | 14.40 | 34.03 | 8.38 | 7.83 | 15.35 | 48.89 | 21.26 |
| Feb 12, 2019 | 14.58 | 36.64 | 15.94 | 18.65 | 13.45 | 49.87 | 17.64 |
| Feb 13, 2018 | 14.42 | 60.88 | 12.07 | 7.44 | 8.69 | 44.40 | 22.64 |
| Feb 8, 2017 | 11.79 | 24.25 | — | 7.65 | 17.55 | 28.93 | 22.18 |
| Feb 9, 2016 | 9.59 | 19.80 | — | 10.49 | 10.60 | 27.25 | 28.81 |
| Feb 10, 2015 | 10.12 | 27.50 | — | 13.00 | 9.84 | 34.42 | 16.68 |
| Feb 12, 2014 | 7.22 | 22.79 | — | 10.12 | 7.62 | 17.96 | 11.80 |
| Feb 7, 2013 | 6.32 | 6.82 | — | 8.71 | 5.55 | 26.21 | — |
| Feb 9, 2012 | 6.55 | 15.35 | — | 9.11 | 6.23 | 27.83 | — |
| Feb 10, 2011 | 5.90 | 11.92 | — | 7.34 | 5.58 | 23.28 | — |
| Feb 10, 2010 | 5.95 | 13.54 | — | 7.29 | 4.52 | 33.47 | — |
| Feb 11, 2009 | 6.59 | 14.66 | — | 6.20 | 6.38 | 14.45 | — |
| Feb 21, 2008 | 7.62 | 18.76 | — | 12.09 | 8.63 | 55.84 | — |
| Mar 6, 2007 | 10.47 | 40.49 | — | 10.68 | 12.30 | 38.98 | — |
| Feb 24, 2006 | 14.87 | 15.48 | — | 12.37 | 18.04 | 50.21 | — |
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).