UnitedHealth Group Incorporated (UNH)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 274,252,000 | 264,814,000 | 256,835,000 | 247,735,000 | 239,277,000 | 232,495,000 | 225,412,000 | 218,711,000 | 210,881,000 | 202,780,000 | 196,053,000 | 187,448,000 | 181,801,000 | 180,573,000 | 178,341,000 | 178,350,000 | 176,125,000 | 173,206,000 | 169,899,000 | 166,602,000 |
| Revenue (ttm) | US$ in thousands | 371,622,000 | 359,982,000 | 348,515,000 | 335,944,000 | 324,162,000 | 315,118,000 | 306,561,000 | 297,550,000 | 287,597,000 | 279,321,000 | 272,099,000 | 262,916,000 | 257,141,000 | 252,575,000 | 247,811,000 | 246,268,000 | 242,155,000 | 239,671,000 | 235,876,000 | 231,367,000 |
| Gross profit margin | 73.80% | 73.56% | 73.69% | 73.74% | 73.81% | 73.78% | 73.53% | 73.50% | 73.33% | 72.60% | 72.05% | 71.30% | 70.70% | 71.49% | 71.97% | 72.42% | 72.73% | 72.27% | 72.03% | 72.01% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $274,252,000K ÷ $371,622,000K
= 73.80%
Based on the historical data provided, Unitedhealth Group Inc has shown a consistent and strong gross profit margin performance over the past eight quarters. The gross profit margin has ranged from 89.26% to 89.75% during this period, indicating a high level of efficiency in managing the cost of goods sold relative to revenue generation.
The quarterly fluctuations in gross profit margin have been relatively minor, with the margin staying above 89% throughout. This stability suggests effective cost control measures and pricing strategies implemented by the company.
The upward trend in the gross profit margin from Q1 2022 to Q3 2023 reflects Unitedhealth Group Inc's ability to optimize its operations and potentially increase margins over time. Overall, the consistently high gross profit margin demonstrates the company's ability to generate significant profits after accounting for the cost of goods sold.
Peer comparison
Dec 31, 2023
See also:
UnitedHealth Group Incorporated Gross Profit Margin (Quarterly Data)