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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Unitedhealth (UNH) Gross Margin (2016 - 2025)

Unitedhealth (UNH) has disclosed Gross Margin for 17 consecutive years, with 26.36% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 5986.0% to 26.36% in Q4 2025 year-over-year; TTM through Dec 2025 was 29.84%, a 2908.0% decrease, with the full-year FY2025 number at 29.84%, down 416.0% from a year prior.
  • Gross Margin was 26.36% for Q4 2025 at Unitedhealth, down from 29.34% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 203.38% in Q4 2021 to a low of 86.91% in Q4 2022.
  • A 5-year average of 53.24% and a median of 38.58% in 2025 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: surged 14298bps in 2021, then tumbled -29028bps in 2022.
  • Unitedhealth's Gross Margin stood at 203.38% in 2021, then crashed by -143bps to 86.91% in 2022, then skyrocketed by 129bps to 25.22% in 2023, then skyrocketed by 33bps to 33.5% in 2024, then plummeted by -179bps to 26.36% in 2025.
  • Per Business Quant, the three most recent readings for UNH's Gross Margin are 26.36% (Q4 2025), 29.34% (Q3 2025), and 41.64% (Q2 2025).