Unitedhealth (UNH) FCF Margin (2009 - 2026)
Unitedhealth's FCF Margin was 9.15% in Q2 2026, up 3.51 percentage points from 5.65% a year earlier and up 1.86 percentage points from the prior quarter.
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Analysis
Unitedhealth (UNH) FCF Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Unitedhealth's FCF Margin was 5.25% through Jun 30, 2026, down 0.73 percentage points year-over-year; for FY2025, it came in at 3.59%, down 1.58 percentage points from FY2024.
- FCF Margin has now declined for three consecutive years, with a five-year change of -4.23 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 5.17% in FY2024 (-1.74 pp), 6.91% in FY2023 (-0.31 pp), 7.22% in FY2022 (+0.30 pp) and 6.92% in FY2021 (-0.91 pp).
- The Q2 2026 figure marks the highest quarterly FCF Margin since Q3 2024.
- Compared with a year earlier, FCF Margin was higher in five of the last eight quarters, with an average year-over-year change of +1.83 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q3 2022 (a gain of 12.43 percentage points); the worst was Q1 2024 (a drop of 16.53 percentage points).
- Per Business Quant data, UNH's FCF Margin in the three quarters before Q2 2026 was 7.29% (Q1 2026), 0.14% (Q4 2025) and 4.47% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 339.33 Bn | 223.96 Bn | 36.67 Bn | 9.15% |
| 2 | Cvs Health | 111.30 Bn | 63.91 Bn | 47.23 Bn | 5.33% |
| 3 | Mckesson | 100.82 Bn | 87.28 Bn | 3.69 Bn | -0.32% |
| 4 | Elevance Health | 85.16 Bn | -56.58 Bn | 13.45 Bn | 3.22% |
| 5 | Cigna | 72.72 Bn | 42.26 Bn | 14.97 Bn | -1.00% |
| 6 | Cencora | 58.70 Bn | 47.79 Bn | 3.61 Bn | 2.86% |
| 7 | Cardinal Health | 52.08 Bn | 36.08 Bn | 2.56 Bn | 2.24% |
| 8 | Humana | 46.46 Bn | -41.34 Bn | 5.50 Bn | 4.49% |
| 9 | Centene | 30.74 Bn | -59.55 Bn | 14.55 Bn | 6.38% |
| 10 | Molina Healthcare | 9.85 Bn | -25.02 Bn | 1.43 Bn | -2.98% |
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% |
API Access
Unitedhealth FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=UNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "UNH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=UNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();