UnitedHealth Group Incorporated (UNH)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	85,748,000	85,263,000	86,268,000	86,980,000	87,667,000	87,726,000	85,288,000	83,159,000	79,250,000	75,952,000	73,232,000	70,704,000	69,652,000	67,831,000	66,142,000	68,986,000	67,000,000	66,351,000	65,490,000	59,344,000
Revenue (ttm)	US$ in thousands	396,627,000	389,068,000	381,255,000	375,185,000	368,331,000	357,870,000	347,400,000	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
Gross profit margin		21.62%	21.91%	22.63%	23.18%	23.80%	24.51%	24.55%	24.75%	24.45%	24.10%	23.89%	23.76%	24.22%	24.28%	24.31%	26.24%	26.06%	26.27%	26.43%	24.10%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $85,748,000K ÷ $396,627,000K
= 21.62%

The gross profit margin of UnitedHealth Group Incorporated has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin, which represents the percentage of revenue that exceeds the cost of goods sold, started at 24.10% in March 2020 and peaked at 26.43% in June 2020.

However, the margin slightly dipped in the following quarters but remained relatively stable between 26% and 26.5%. From June 2021 to December 2024, there was a gradual decline in the gross profit margin from 24.31% to 21.62%.

This declining trend indicates a potential increase in the cost of goods sold relative to revenue, which could be a result of various factors such as changes in pricing strategies, cost structure, or operational inefficiencies. It is important for the company to closely monitor and address these fluctuations to ensure sustained profitability and operational efficiency in the future.