UnitedHealth Group Incorporated (UNH)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 28,349,000 | 27,778,000 | 27,107,000 | 26,597,000 | 25,824,000 | 24,746,000 | 23,107,000 | 22,033,000 | 21,863,000 | 19,849,000 | 18,836,000 | 22,126,000 | 20,376,000 | 21,931,000 | 22,233,000 | 17,715,000 | 17,581,000 | 17,049,000 | 16,716,000 | 16,254,000 |
| 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 |
| Pretax margin | 7.63% | 7.72% | 7.78% | 7.92% | 7.97% | 7.85% | 7.54% | 7.40% | 7.60% | 7.11% | 6.92% | 8.42% | 7.92% | 8.68% | 8.97% | 7.19% | 7.26% | 7.11% | 7.09% | 7.03% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $28,349,000K ÷ $371,622,000K
= 7.63%
The pretax margin of Unitedhealth Group Inc has shown some fluctuations over the past eight quarters. It ranged from a low of 7.56% in Q1 2022 to a high of 8.13% in Q4 2022. The trend indicates a slight decrease in pretax margin in the more recent quarters, with Q4 2023 standing at 7.83%. Overall, the pretax margin has been relatively stable, hovering around the 8% mark. This suggests that the company has been managing its operating expenses effectively in relation to its pre-tax earnings. Further analysis would be needed to understand the specific factors driving these fluctuations in pretax margin.
Peer comparison
Dec 31, 2023