UnitedHealth Group Incorporated (UNH)

Operating 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
Operating income (ttm)	US$ in thousands	32,358,000	31,560,000	30,496,000	29,571,000	28,435,000	27,085,000	25,335,000	24,181,000	23,970,000	21,946,000	20,885,000	24,148,000	22,405,000	23,983,000	24,346,000	19,849,000	19,685,000	19,087,000	18,663,000	18,123,000
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
Operating profit margin		8.71%	8.77%	8.75%	8.80%	8.77%	8.60%	8.26%	8.13%	8.33%	7.86%	7.68%	9.18%	8.71%	9.50%	9.82%	8.06%	8.13%	7.96%	7.91%	7.83%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $32,358,000K ÷ $371,622,000K
= 8.71%

UnitedHealth Group Inc's operating profit margin has been relatively stable over the past eight quarters, ranging from 8.13% to 8.80%. The company has consistently maintained a margin above 8%, indicating efficient management of operating expenses relative to revenue. The slight fluctuations in the margin suggest that the company has been able to effectively control costs while generating a steady level of revenue. Overall, the trend in operating profit margin reflects the company's ability to sustain profitability in its operations over time.