Unitedhealth (UNH) Free Cash Flow (2009 - 2026)
Unitedhealth's Free Cash Flow came in at $4.26 billion for Q3 2026, down 15.6% from $5.06 billion a year earlier and down 58.4% from the prior quarter.
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Analysis
Unitedhealth (UNH) Free Cash Flow (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Unitedhealth reported Free Cash Flow of $22.83 billion, up 31.4% year-over-year; for FY2025, it came in at $16.08 billion, down 22.4% from FY2024.
- Free Cash Flow carries a five-year compound annual growth rate of -4.4% (FY2020 to FY2025).
- Going back by year, Free Cash Flow was $20.71 billion in FY2024 (-19.4%), $25.68 billion in FY2023 (+9.7%), $23.4 billion in FY2022 (+17.7%) and $19.89 billion in FY2021 (-1.2%).
- The five-year range for quarterly Free Cash Flow is -$6.15 billion (Q4 2023) to $17.83 billion (Q3 2022).
- Year-over-year, Free Cash Flow increased in three of the last six quarters, with an average decline of 2.9%.
- The fastest year-over-year change in Free Cash Flow over five years came in Q1 2023 (growth of 226.8%), and the weakest in Q1 2024 (a decline of 97.4%).
- Business Quant data shows UNH's Free Cash Flow at $10.25 billion (Q2 2026), $8.15 billion (Q1 2026) and $160 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 362.93 Bn | 249.60 Bn | 35.71 Bn | 4.26 Bn |
| 2 | Mckesson | 125.16 Bn | 109.10 Bn | 3.96 Bn | 3.01 Bn |
| 3 | Cvs Health | 113.93 Bn | 62.88 Bn | 47.21 Bn | 3.91 Bn |
| 4 | Elevance Health | 92.83 Bn | -49.64 Bn | 13.65 Bn | 1.00 Bn |
| 5 | Cigna | 79.88 Bn | 49.09 Bn | 15.09 Bn | 2.29 Bn |
| 6 | Cencora | 66.55 Bn | 66.55 Bn | 3.60 Bn | - |
| 7 | Cardinal Health | 64.00 Bn | 47.32 Bn | 2.60 Bn | 1.24 Bn |
| 8 | Humana | 52.60 Bn | -38.18 Bn | 4.83 Bn | 2.03 Bn |
| 9 | Centene | 34.53 Bn | -39.52 Bn | 8.24 Bn | 224.00 Mn |
| 10 | Molina Healthcare | 10.74 Bn | -24.26 Bn | 1.36 Bn | -196.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.26 Bn |
| Jun 30, 2026 | 10.25 Bn |
| Mar 31, 2026 | 8.15 Bn |
| Dec 31, 2025 | 160.00 Mn |
| Sep 30, 2025 | 5.06 Bn |
| Jun 30, 2025 | 6.30 Bn |
| Mar 31, 2025 | 4.56 Bn |
| Dec 31, 2024 | 1.46 Bn |
| Sep 30, 2024 | 12.95 Bn |
| Jun 30, 2024 | 5.89 Bn |
| Mar 31, 2024 | 401.00 Mn |
| Dec 31, 2023 | -6.15 Bn |
| Sep 30, 2023 | 6.06 Bn |
| Jun 30, 2023 | 10.20 Bn |
| Mar 31, 2023 | 15.57 Bn |
| Dec 31, 2022 | -5.40 Bn |
| Sep 30, 2022 | 17.83 Bn |
| Jun 30, 2022 | 6.21 Bn |
| Mar 31, 2022 | 4.76 Bn |
| Dec 31, 2021 | 2.52 Bn |
API Access
Unitedhealth Free Cash Flow 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=free-cash-flow&ticker=UNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=UNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();