UnitedHealth Group Incorporated (UNH)

Net 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
Net income (ttm)	US$ in thousands	14,405,000	14,317,000	14,103,000	15,361,000	22,381,000	21,687,000	21,108,000	20,704,000	20,120,000	19,430,000	18,254,000	17,450,000	17,285,000	15,426,000	14,512,000	16,883,000	15,403,000	16,732,000	17,098,000	13,754,000
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
Net profit margin		3.63%	3.68%	3.70%	4.09%	6.08%	6.06%	6.08%	6.16%	6.21%	6.17%	5.95%	5.86%	6.01%	5.52%	5.33%	6.42%	5.99%	6.62%	6.90%	5.58%

December 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $14,405,000K ÷ $396,627,000K
= 3.63%

UnitedHealth Group Incorporated's net profit margin has fluctuated over the period from March 31, 2020, to December 31, 2024. The net profit margin represents the percentage of revenue that translates into profit after all expenses have been deducted.

The net profit margin started at 5.58% in March 31, 2020, and peaked at 6.90% in June 30, 2020. Subsequently, it remained relatively stable, hovering between 5.33% and 6.42% up to June 30, 2021. There was a slight decrease in the net profit margin in September 30, 2021, and a subsequent increase to 6.01% in December 31, 2021.

In the following period, the net profit margin fluctuated between 5.86% and 6.21% up to June 30, 2022, indicating some variability in profitability. From September 30, 2022, the net profit margin remained relatively stable between 6.06% and 6.17% until December 31, 2023.

However, there was a significant decline in profitability in the period ending March 31, 2024, with a net profit margin of 4.09%. This decline continued in the next quarter, with a net profit margin of 3.70% in June 30, 2024, and further dropped to 3.63% in December 31, 2024.

The decreasing trend in the net profit margin towards the end of the period indicates potential challenges in maintaining profitability, which could be caused by factors such as increasing expenses, declining revenue, or operational inefficiencies. It would be important for UnitedHealth Group to closely monitor and address these factors to sustain healthy profit margins in the future.