UnitedHealth Group Incorporated (UNH)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 22,381,000 | 20,120,000 | 17,285,000 | 15,403,000 | 13,839,000 |
| Revenue | US$ in thousands | 371,622,000 | 324,162,000 | 287,597,000 | 257,141,000 | 242,155,000 |
| Net profit margin | 6.02% | 6.21% | 6.01% | 5.99% | 5.71% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $22,381,000K ÷ $371,622,000K
= 6.02%
The net profit margin of Unitedhealth Group Inc has shown a relatively stable trend over the past five years, ranging from 5.71% in 2019 to 6.21% in 2022. In 2023, the net profit margin slightly decreased to 6.02%. This indicates that the company has been able to consistently generate profits relative to its revenue, with margins mostly hovering around the 6% mark. The company's ability to maintain a steady net profit margin suggests efficient cost management and profitability in its operations. However, a slight decline in 2023 compared to the previous year warrants further monitoring to assess any underlying factors impacting profitability.
Peer comparison
Dec 31, 2023