Unitedhealth (UNH) FCF Margin (2009 - 2026)
Unitedhealth's (UNH) quarterly FCF Margin came in at 9.15% in Q2 2026, up 351.0% year-over-year from 2.03% in Q2 2025, and up 25.47% quarter-over-quarter from 7.29% in Q1 2026.
Analysis
Unitedhealth (UNH) FCF Margin (2009 - 2026) Analysis & Trends
Unitedhealth (UNH) has reported FCF Margin for 18 consecutive years, with 9.15% the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Margin rose 351.0% year-over-year to 9.15% in Q2 2026; TTM through Jun 2026 was 5.25%, a 73.0% decrease from a year earlier, with the FY2025 full-year figure at 3.59%, down 158.0% from the prior year.
- FCF Margin was 9.15% for Q2 2026 at Unitedhealth, up from 7.29% in the prior quarter.
- Over five years, FCF Margin peaked at 22.04% in Q3 2022 and troughed at 6.52% in Q4 2022.
- A 5-year average of 6.04% and a median of 5.95% in 2022 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin soared 1243 bps in 2022 and sank 1653 bps in 2024, its largest moves.
- Over 5 years, FCF Margin stood at 6.52% in 2022, then gained by 0 bps to 6.52% in 2023, then surged by 122 bps to 1.45% in 2024, then plunged by 90 bps to 0.14% in 2025, then surged by 6376 bps to 9.15% in 2026.
- The last three FCF Margin figures came in at 9.15% (Q2 2026), 7.29% (Q1 2026), and 0.14% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 359.38 Bn | 333.97 Bn | 36.67 Bn | 9.15% |
| 2 | Cvs Health | 123.65 Bn | 109.89 Bn | 47.23 Bn | 5.33% |
| 3 | Elevance Health | 88.36 Bn | 52.55 Bn | 13.45 Bn | 3.22% |
| 4 | Cigna | 74.65 Bn | 67.69 Bn | 14.97 Bn | -1.00% |
| 5 | Humana | 48.21 Bn | 24.40 Bn | 5.50 Bn | 4.49% |
| 6 | Centene | 33.12 Bn | 6.13 Bn | 14.55 Bn | 6.38% |
| 7 | Molina Healthcare | 10.45 Bn | 1.53 Bn | 1.43 Bn | -2.98% |
| 8 | Oscar Health | 8.81 Bn | 262.35 Mn | 1.09 Bn | 42.63% |
| 9 | Corvel | 3.47 Bn | 3.12 Bn | - | - |
| 10 | Alignment Healthcare | 2.81 Bn | 2.10 Bn | 180.96 Mn | -2.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.15% |
| Mar 31, 2026 | 7.29% |
| Dec 31, 2025 | 0.14% |
| Sep 30, 2025 | 4.47% |
| Jun 30, 2025 | 5.65% |
| Mar 31, 2025 | 4.16% |
| Dec 31, 2024 | 1.45% |
| Sep 30, 2024 | 12.85% |
| Jun 30, 2024 | 5.96% |
| Mar 31, 2024 | 0.40% |
| Dec 31, 2023 | -6.52% |
| Sep 30, 2023 | 6.57% |
| Jun 30, 2023 | 10.98% |
| Mar 31, 2023 | 16.93% |
| Dec 31, 2022 | -6.52% |
| Sep 30, 2022 | 22.04% |
| Jun 30, 2022 | 7.74% |
| Mar 31, 2022 | 5.94% |
| Dec 31, 2021 | 3.42% |
| Sep 30, 2021 | 9.61% |