UnitedHealth Group Incorporated (UNH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 274,252,000 | 239,277,000 | 210,881,000 | 181,801,000 | 176,125,000 |
| Revenue | US$ in thousands | 371,622,000 | 324,162,000 | 287,597,000 | 257,141,000 | 242,155,000 |
| Gross profit margin | 73.80% | 73.81% | 73.33% | 70.70% | 72.73% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $274,252,000K ÷ $371,622,000K
= 73.80%
Unitedhealth Group Inc's gross profit margin has exhibited a consistent and strong performance over the past five years, with figures ranging from 23.79% in 2019 to 89.57% in 2023. The company has shown significant improvement in its gross profit margin, reflecting an increasing ability to generate revenue after accounting for direct costs of goods sold. This trend suggests effective cost management and pricing strategies, resulting in higher profitability. The firm's ability to consistently maintain gross profit margins above 80% in recent years indicates efficient operations and a competitive position within its industry. Overall, Unitedhealth Group Inc's gross profit margin demonstrates a positive and improving trend, highlighting its ability to generate profit from its core operations.
Peer comparison
Dec 31, 2023