UnitedHealth Group Incorporated (UNH)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 18,699,000 | 26,239,000 | 30,695,000 | 32,236,000 | 23,977,000 | 23,872,000 | 23,710,000 | 25,117,000 | 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 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 100,090,000 | 95,787,000 | 94,724,000 | 95,038,000 | 92,658,000 | 94,535,000 | 89,359,000 | 86,688,000 | 88,756,000 | 84,494,000 | 82,353,000 | 81,312,000 | 77,772,000 | 74,646,000 | 72,820,000 | 72,766,000 | 71,760,000 | 70,278,000 | 69,014,000 | 66,404,000 |
| Return on total capital | 18.68% | 27.39% | 32.40% | 33.92% | 25.88% | 25.25% | 26.53% | 28.97% | 36.46% | 37.35% | 37.03% | 36.37% | 36.56% | 36.28% | 34.79% | 33.23% | 33.40% | 31.23% | 30.26% | 36.37% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (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
19.29%