Unitedhealth (UNH) FCF Margin (2009 - 2026)
Unitedhealth's FCF Margin was 3.78% in Q3 2026, down 0.68 percentage points from 4.47% a year earlier and down 5.37 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 5.08% through Sep 30, 2026, up 1.08 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).
- Quarterly FCF Margin has moved between -6.52% (Q4 2022) and 22.04% (Q3 2022) over five years.
- Compared with a year earlier, FCF Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.96 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 Q3 2026 was 9.15% (Q2 2026), 7.29% (Q1 2026) and 0.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 359.00 Bn | 239.64 Bn | 35.71 Bn | 3.78% |
| 2 | Mckesson | 123.95 Bn | 105.32 Bn | 3.96 Bn | 2.71% |
| 3 | Cvs Health | 111.19 Bn | 59.95 Bn | 47.21 Bn | 3.60% |
| 4 | Elevance Health | 91.22 Bn | -51.36 Bn | 13.65 Bn | 1.94% |
| 5 | Cigna | 78.47 Bn | 47.34 Bn | 15.09 Bn | 3.11% |
| 6 | Cencora | 66.32 Bn | 55.22 Bn | 3.61 Bn | 2.86% |
| 7 | Cardinal Health | 63.37 Bn | 46.54 Bn | 2.60 Bn | 1.84% |
| 8 | Humana | 51.41 Bn | -36.45 Bn | 5.50 Bn | 4.49% |
| 9 | Centene | 33.72 Bn | -60.99 Bn | 9.52 Bn | -7.63% |
| 10 | Molina Healthcare | 10.44 Bn | -24.56 Bn | 1.36 Bn | -1.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.78% |
| 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% |
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();