How does Humana (HUM) make money?

Humana (HUM) primarily makes money through Insurance Segment, which accounts for 84.7% of total revenue. For TTM through Q4 2025, Humana generated $129.66B in total revenue with a net profit margin of 0.9%.

What is Humana (HUM) gross profit margin?

Humana (HUM) reported a gross profit margin of 14.5% for TTM through Q4 2025, equivalent to $18.85B in gross profit. This means Humana retains 14.5% of each revenue unit after direct costs of production.

What is Humana (HUM) operating profit margin?

Humana (HUM) reported an operating profit margin of 1.1% for TTM through Q4 2025, equivalent to $1.45B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Humana (HUM) net profit margin?

Humana (HUM) reported a net profit margin of 0.9% for TTM through Q4 2025, equivalent to $1.19B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Humana (HUM) spend on capital expenditures?

Humana (HUM) spent $546.00M on capital expenditures in TTM through Q4 2025 (0.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Humana (HUM) free cash flow?

Humana (HUM) generated $375.00M in free cash flow for TTM through Q4 2025 (0.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is Humana (HUM) effective tax rate?

Humana (HUM) had an effective tax rate of 17.2% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

How Humana (HUM) Makes Money: A Visual Guide

Humana (HUM) generated $129.66B in revenue, earning $1.19B in net profit (0.9% margin). Its largest revenue source is Insurance Segment (84.7% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Humana (HUM) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 19, 2026).

Frequently asked questions

How does Humana (HUM) make money?: Humana (HUM) primarily makes money through Insurance Segment, which accounts for 84.7% of total revenue. For TTM through Q4 2025, Humana generated $129.66B in total revenue with a net profit margin of 0.9%.
What is Humana (HUM) gross profit margin?: Humana (HUM) reported a gross profit margin of 14.5% for TTM through Q4 2025, equivalent to $18.85B in gross profit. This means Humana retains 14.5% of each revenue unit after direct costs of production.
What is Humana (HUM) operating profit margin?: Humana (HUM) reported an operating profit margin of 1.1% for TTM through Q4 2025, equivalent to $1.45B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Humana (HUM) net profit margin?: Humana (HUM) reported a net profit margin of 0.9% for TTM through Q4 2025, equivalent to $1.19B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Humana (HUM) spend on capital expenditures?: Humana (HUM) spent $546.00M on capital expenditures in TTM through Q4 2025 (0.4% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Humana (HUM) free cash flow?: Humana (HUM) generated $375.00M in free cash flow for TTM through Q4 2025 (0.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is Humana (HUM) effective tax rate?: Humana (HUM) had an effective tax rate of 17.2% for TTM through Q4 2025. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.