UnitedHealth Group Incorporated (UNH)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 20,071,000 | 20,139,000 | 20,217,000 | 21,781,000 | 29,112,000 | 28,468,000 | 27,722,000 | 27,158,000 | 26,343,000 | 25,238,000 | 23,582,000 | 22,485,000 | 22,310,000 | 20,316,000 | 19,282,000 | 22,525,000 | 20,742,000 | 22,284,000 | 22,593,000 | 18,108,000 |
| 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 |
| Pretax margin | 5.06% | 5.18% | 5.30% | 5.81% | 7.90% | 7.95% | 7.98% | 8.08% | 8.13% | 8.01% | 7.69% | 7.56% | 7.76% | 7.27% | 7.09% | 8.57% | 8.07% | 8.82% | 9.12% | 7.35% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $20,071,000K ÷ $396,627,000K
= 5.06%
UnitedHealth Group Incorporated's pretax margin has experienced fluctuations over the past few years, exhibiting a general downward trend. The pretax margin was 7.35% as of March 31, 2020, increasing to 9.12% by June 30, 2020, before slightly decreasing to 8.82% by September 30, 2020. The trend continued with a decrease to 8.07% by December 31, 2020.
Subsequently, there was a gradual increase in the pretax margin to 8.57% by March 31, 2021, but this was followed by a decline to 7.09% by June 30, 2021. The pretax margin then saw fluctuations ranging from 7.27% to 8.13% throughout the rest of 2021 and into 2022.
However, from March 31, 2023, to December 31, 2024, the pretax margin showed a consistent decline from 8.08% to 5.06%. This downward trend indicates potential challenges affecting UnitedHealth Group's profitability before taxes in the later years of the reported period.
Overall, the pretax margin analysis suggests that UnitedHealth Group's profitability before accounting for taxes has been varying, with periods of improvement and decline, highlighting the importance of closely monitoring and managing operational efficiency and cost structures to sustain profitability.
Peer comparison
Dec 31, 2024