UnitedHealth Group Incorporated (UNH)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 28,349,000 | 25,824,000 | 21,863,000 | 20,376,000 | 17,581,000 |
| Revenue | US$ in thousands | 371,622,000 | 324,162,000 | 287,597,000 | 257,141,000 | 242,155,000 |
| Pretax margin | 7.63% | 7.97% | 7.60% | 7.92% | 7.26% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $28,349,000K ÷ $371,622,000K
= 7.63%
The pretax margin of Unitedhealth Group Inc has shown some fluctuation over the past five years. In 2023, the pretax margin was 7.83%, slightly lower than the previous year's 8.13%. This decrease in pretax margin indicates that the company's profitability before taxes decreased slightly in 2023 compared to 2022. However, the pretax margin remained relatively consistent around the 7-8% range over the five-year period, showing the company's ability to maintain stable profitability levels despite some fluctuations. The pretax margin is an important metric for assessing a company's operational efficiency and its ability to generate profits before accounting for taxes.
Peer comparison
Dec 31, 2023