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OUR BUSINESSES Overview The terms we, our, us, its, UnitedHealth Group, or the Company used in this report refer to UnitedHealth Group Incorporated and its subsidiaries. UnitedHealth Group Incorporated is a health care and well-being company with a mission to help people live healthier lives and help make the health system work better for everyone.
$377.92
$1.94 (-0.51%)
Last close via Marketstack
Operating margin is thin at 4.24%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 11.8%, still solid. Margins contracted 3.8pp, which offsets some of the top-line progress.
At 28x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 22% versus the prior year, cash generation momentum has weakened.
28.5x earnings, 17.5x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$449.71B
▲ +11.8% YoY
Net Income (TTM)
$12.04B
▼ -16.3% YoY
Op. Margin
4.19%
▼ -3.8pp YoY
ROIC
9.42%
▼ -6.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$19.67B
▼ -22.4% YoY
Op. Cash Flow (TTM)
$23.15B
▼ -18.6% YoY
Net Debt
$46.69B
Cash & Equiv.
$31.23B
5Y CAGR: +11.7%
5Y CAGR: -4.4%
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