TTM
4.4%
YoY change
−1.58pp
Trough year (2025)
3.6%
Peak year (1991)
13.2%
Latest annual
3.6%
FCF Margin history chart for UnitedHealth Group (UNH) from 1989 to 2025
Latest: 3.6%
FCF Margin change chart for UnitedHealth Group (UNH) from 1989 to 2025
Latest: −1.58pp
FCF Margin history table for UnitedHealth Group (UNH) from 1989 to 2025
| 2025 | 3.6% | -1.58pp | ||
| 2024 | 5.2% | -1.74pp | ||
| 2023 | 6.9% | -0.31pp | ||
| 2022 | 7.2% | +0.30pp | ||
| 2021 | 6.9% | -0.91pp | ||
| 2020 | 7.8% | +1.06pp | ||
| 2019 | 6.8% | +0.74pp | ||
| 2018 | 6.0% | +0.28pp | ||
| 2017 | 5.8% | +1.38pp | ||
| 2016 | 4.4% | -0.83pp | ||
| 2015 | 5.2% | +0.15pp | ||
| 2014 | 5.1% | +0.30pp | ||
| 2013 | 4.8% | -0.74pp | ||
| 2012 | 5.5% | -0.34pp | ||
| 2011 | 5.8% | +0.11pp | ||
| 2010 | 5.7% | +0.12pp | ||
| 2009 | 5.6% | +1.36pp | ||
| 2008 | 4.2% | -2.39pp | ||
| 2007 | 6.6% | -1.47pp | ||
| 2006 | 8.1% | -0.12pp | ||
| 2005 | 8.2% | -1.95pp | ||
| 2004 | 10.2% | +0.89pp | ||
| 2003 | 9.3% | +1.27pp | ||
| 2002 | 8.0% | +1.96pp | ||
| 2001 | 6.1% | +0.01pp | ||
| 2000 | 6.0% | +0.96pp | ||
| 1999 | 5.1% | +0.12pp | ||
| 1998 | 5.0% | +0.76pp | ||
| 1997 | 4.2% | +0.26pp | ||
| 1996 | 3.9% | -1.79pp | ||
| 1995 | 5.7% | -0.81pp | ||
| 1994 | 6.5% | -2.30pp | ||
| 1993 | 8.8% | -2.71pp | ||
| 1992 | 11.6% | -1.64pp | ||
| 1991 | 13.2% | +4.15pp | ||
| 1990 | 9.1% | -0.03pp | ||
| 1989 | 9.1% | — |
- 20253.6%-1.58pp
- 20245.2%-1.74pp
- 20236.9%-0.31pp
- 20227.2%+0.30pp
- 20216.9%-0.91pp
- 20207.8%+1.06pp
- 20196.8%+0.74pp
- 20186.0%+0.28pp
- 20175.8%+1.38pp
- 20164.4%-0.83pp
- 20155.2%+0.15pp
- 20145.1%+0.30pp
- 20134.8%-0.74pp
- 20125.5%-0.34pp
- 20115.8%+0.11pp
- 20105.7%+0.12pp
- 20095.6%+1.36pp
- 20084.2%-2.39pp
- 20076.6%-1.47pp
- 20068.1%-0.12pp
- 20058.2%-1.95pp
- 200410.2%+0.89pp
- 20039.3%+1.27pp
- 20028.0%+1.96pp
- 20016.1%+0.01pp
- 20006.0%+0.96pp
- 19995.1%+0.12pp
- 19985.0%+0.76pp
- 19974.2%+0.26pp
- 19963.9%-1.79pp
- 19955.7%-0.81pp
- 19946.5%-2.30pp
- 19938.8%-2.71pp
- 199211.6%-1.64pp
- 199113.2%+4.15pp
- 19909.1%-0.03pp
- 19899.1%—
FCF Margin values are taken from UnitedHealth Group's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at UnitedHealth Group (UNH)
According to UnitedHealth Group's latest reported financial statements, the company's latest reported free cash flow margin is 4.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
2025's annual free cash flow margin for UnitedHealth Group (UNH) came in at 3.59% – contracted 1.6 percentage points year-over-year.
1991 marks the peak free cash flow margin at 13.20%, with the historical low of 3.59% recorded in 2025.
UnitedHealth Group FCF Margin by Year
UnitedHealth Group FCF Margin 2025: 3.6%
In 2025, UnitedHealth Group reported free cash flow margin of 3.59%, contracted 1.6 percentage points from 2024. This figure represents the lowest annual value in the available history.
UnitedHealth Group FCF Margin 2024: 5.2%
UnitedHealth Group free cash flow margin in 2024 was 5.17%, contracted 1.7 percentage points from 2023.
UnitedHealth Group FCF Margin 2023: 6.9%
2023's free cash flow margin for UnitedHealth Group came in at 6.91%, contracted 0.3 percentage points from 2022.
UnitedHealth Group FCF Margin 2022: 7.2%
UnitedHealth Group posted free cash flow margin of 7.22% in 2022, expanded 0.3 percentage points from 2021.
UnitedHealth Group FCF Margin 2021: 6.9%
UnitedHealth Group free cash flow margin in 2021 was 6.92%.
See more financial history for UnitedHealth Group (UNH).
Sector peers by FCF Margin
Healthcare peers of UnitedHealth Group (UNH), ranked by their latest free cash flow margin
| 33.2% | |
| 23.1% | |
| 21.5% | |
| 18.8% | |
| 18.4% | |
| 15.1% | |
| 14.9% | |
| 9.4% |
- 33.2%
- 23.1%
- 21.5%
- 18.8%
- 15.1%
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UnitedHealth Group (UNH) Key Financials
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