UnitedHealth Group Incorporated (UNH)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 32,358,000 | 28,435,000 | 23,970,000 | 22,405,000 | 19,685,000 |
| Revenue | US$ in thousands | 371,622,000 | 324,162,000 | 287,597,000 | 257,141,000 | 242,155,000 |
| Operating profit margin | 8.71% | 8.77% | 8.33% | 8.71% | 8.13% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $32,358,000K ÷ $371,622,000K
= 8.71%
Unitedhealth Group Inc's operating profit margin has shown a relatively stable trend over the past five years, ranging between 8.13% to 8.77%. In 2023, the operating profit margin slightly decreased to 8.71% from 8.77% in 2022. This indicates that the company is able to generate approximately 8-9 cents of operating profit for every dollar of sales. The consistent operating profit margin suggests that Unitedhealth Group Inc has been effectively managing its operating expenses relative to its revenue over the years. Additional analysis and comparison with industry benchmarks would provide more insights into the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023