UnitedHealth Group Incorporated (UNH)
Return on total capital
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 18,699,000 | 23,977,000 | 32,358,000 | 28,435,000 | 23,970,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 100,090,000 | 92,658,000 | 88,756,000 | 77,772,000 | 71,760,000 |
| Return on total capital | 18.68% | 25.88% | 36.46% | 36.56% | 33.40% |
December 31, 2025 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $18,699,000K ÷ ($—K + $100,090,000K)
= 18.68%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
UnitedHealth Group Incorporated
UNH
18.68%
Elevance Health Inc
ELV
18.49%