Unitedhealth (UNH) Invested Capital (2009 - 2026)
Unitedhealth (UNH) posted Invested Capital of $177.84 billion for Q2 2026, down 1.0% from $179.66 billion a year earlier and down 2.2% from the prior quarter.
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Analysis
Unitedhealth (UNH) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Unitedhealth's Invested Capital came in at $178.48 billion, up 1.9% from FY2024.
- Annual Invested Capital has increased for 16 consecutive years, with a five-year compound annual growth rate of 9.8% (FY2020 to FY2025).
- In prior years, Unitedhealth's Invested Capital was $175.17 billion in FY2024 (+11.6%), $156.96 billion in FY2023 (+12.9%), $139.07 billion in FY2022 (+14.9%) and $121.05 billion in FY2021 (+8.3%).
- The Q2 2026 figure stands as the lowest quarterly Invested Capital since Q4 2024.
- On a year-over-year basis, Invested Capital increased in six of the last eight quarters, with growth averaging 5.8%.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q1 2023, with growth of 26.5%; the weakest was Q2 2026, with a decline of 1.0%.
- According to Business Quant data, Invested Capital for the three prior quarters was $181.81 billion (Q1 2026), $178.48 billion (Q4 2025) and $181.71 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Unitedhealth | 336.54 Bn | 221.18 Bn | 36.67 Bn | 177.84 Bn |
| 2 | Cvs Health | 110.50 Bn | 63.10 Bn | 47.23 Bn | 141.31 Bn |
| 3 | Mckesson | 105.27 Bn | 91.73 Bn | 3.69 Bn | 5.49 Bn |
| 4 | Elevance Health | 83.85 Bn | -57.90 Bn | 13.45 Bn | 76.07 Bn |
| 5 | Cigna | 71.48 Bn | 41.02 Bn | 14.97 Bn | 74.79 Bn |
| 6 | Cencora | 58.97 Bn | 48.06 Bn | 3.61 Bn | 14.96 Bn |
| 7 | Cardinal Health | 53.10 Bn | 37.10 Bn | 2.56 Bn | 6.00 Bn |
| 8 | Humana | 46.62 Bn | -41.18 Bn | 5.50 Bn | 33.88 Bn |
| 9 | Centene | 31.12 Bn | -59.17 Bn | 14.55 Bn | 38.74 Bn |
| 10 | Molina Healthcare | 9.86 Bn | -25.01 Bn | 1.43 Bn | 7.94 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 177.84 Bn |
| Mar 31, 2026 | 181.81 Bn |
| Dec 31, 2025 | 178.48 Bn |
| Sep 30, 2025 | 181.71 Bn |
| Jun 30, 2025 | 179.66 Bn |
| Mar 31, 2025 | 182.08 Bn |
| Dec 31, 2024 | 175.17 Bn |
| Sep 30, 2024 | 177.89 Bn |
| Jun 30, 2024 | 169.77 Bn |
| Mar 31, 2024 | 166.01 Bn |
| Dec 31, 2023 | 156.96 Bn |
| Sep 30, 2023 | 152.93 Bn |
| Jun 30, 2023 | 152.96 Bn |
| Mar 31, 2023 | 156.41 Bn |
| Dec 31, 2022 | 139.07 Bn |
| Sep 30, 2022 | 126.73 Bn |
| Jun 30, 2022 | 127.60 Bn |
| Mar 31, 2022 | 123.62 Bn |
| Dec 31, 2021 | 121.05 Bn |
| Sep 30, 2021 | 120.22 Bn |
API Access
Unitedhealth Invested Capital 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=invested-capital&ticker=UNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=UNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();