Will UnitedHealth Stock Recover?
Shares of embattled health insurance giant UnitedHealth (NYSE:UNH) plummeted by…
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | $302.1K | $255K | |
| Gross Profit | -- | -- | -- | -$302.1K | -$255K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | $9.7M | $10.6M | |
| Other Inc / (Exp) | -- | -- | -$87.1K | -$44.3K | -$32.5K | |
| Operating Expenses | -- | -- | -- | $37.7M | $34.1M | |
| Operating Income | -- | -- | -- | -$38M | -$34.3M | |
| Net Interest Expenses | -- | -- | -- | -- | $137.5K | |
| EBT. Incl. Unusual Items | -- | -- | -- | -$37.7M | -$33.9M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -$1.2M | -$7.8K | |
| Net Income to Company | -- | -- | -- | -$36.4M | -$33.9M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | -- | -$36.4M | -$33.9M | |
| Basic EPS (Cont. Ops) | -- | -- | -- | -$0.47 | -$0.37 | |
| Diluted EPS (Cont. Ops) | -- | -- | -- | -$0.47 | -$0.37 | |
| Weighted Average Basic Share | -- | -- | -- | $78.3M | $90.9M | |
| Weighted Average Diluted Share | -- | -- | -- | $78.3M | $90.9M | |
| EBITDA | -- | -- | -- | -$37.7M | -$34.1M | |
| EBIT | -- | -- | -- | -$38M | -$34.3M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -- | -- | -$38M | -$34.3M | |
| Operating Income (Adjusted) | -- | -- | -- | -$38M | -$34.3M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | $113.4K | $60K | $46.6K | |
| Gross Profit | -- | -- | -$113.4K | -$60K | -$46.6K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | $2.4M | $3.2M | |
| Other Inc / (Exp) | -$10.3K | -$113.2K | -$8.4K | $1.4K | -- | |
| Operating Expenses | $5.2M | -- | $8.7M | $10.2M | $10.8M | |
| Operating Income | -$5.2M | -- | -$8.9M | -$10.2M | -$10.9M | |
| Net Interest Expenses | -- | -- | -- | $55.7K | -- | |
| EBT. Incl. Unusual Items | -- | -- | -$8.8M | -$10.1M | -$10.5M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$175K | -- | -$259.3K | -$16K | $18.6K | |
| Net Income to Company | -$5M | -- | -$8.6M | -$10.1M | -$10.6M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$2.6M | -- | -$8.5M | -$10.1M | -$10.5M | |
| Basic EPS (Cont. Ops) | -$0.04 | -- | -$0.11 | -$0.11 | -$0.09 | |
| Diluted EPS (Cont. Ops) | -- | -- | -$0.11 | -$0.11 | -$0.09 | |
| Weighted Average Basic Share | $70.9M | $72M | $78.1M | $93.6M | $112.4M | |
| Weighted Average Diluted Share | $70.9M | $72M | $78.1M | $93.6M | $112.4M | |
| EBITDA | -$5.1M | -- | -$8.7M | -$10.2M | -$10.8M | |
| EBIT | -- | -- | -$8.9M | -$10.2M | -$10.9M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -$5.2M | -- | -$8.9M | -$10.2M | -$10.9M | |
| Operating Income (Adjusted) | -- | -- | -$8.9M | -$10.2M | -$10.9M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | $295.1K | $258.8K | $201.2K | |
| Gross Profit | -- | -$78.8K | -$295.1K | -$258.8K | -$201.2K | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | $6.4M | $7.5M | $9.9M | $10.1M | |
| Other Inc / (Exp) | $2.3K | -$77.8K | -$141.3K | -$33.5K | -- | |
| Operating Expenses | -- | $27.3M | $35.8M | $37.4M | $27.4M | |
| Operating Income | -- | -$27.3M | -$36.1M | -$37.7M | -$27.6M | |
| Net Interest Expenses | -- | -- | -- | $138.8K | -- | |
| EBT. Incl. Unusual Items | -- | -$14.5M | -$35.9M | -$37.1M | -$26.7M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -$7.1M | -$1.4M | -$413K | $67.2K | |
| Net Income to Company | -- | -$20.2M | -$34.2M | -$36.1M | -$26.5M | |
| Minority Interest in Earnings | -- | -$3.5M | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -$14.1M | -$34.5M | -$36.7M | -$26.7M | |
| Basic EPS (Cont. Ops) | -- | -$0.19 | -$0.46 | -$0.41 | -$0.25 | |
| Diluted EPS (Cont. Ops) | -- | -$0.06 | -$0.46 | -$0.41 | -$0.25 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -- | -$27.1M | -$35.8M | -$37.4M | -$27.4M | |
| EBIT | -- | -$14.7M | -$36.1M | -$37.7M | -$27.6M | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -$27.3M | -$36.1M | -$37.7M | -$27.6M | |
| Operating Income (Adjusted) | -- | -$14.7M | -$36.1M | -$37.7M | -$27.6M | |
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | 2026-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $78.8K | $237.3K | $194.1K | $141.7K | -- | |
| Gross Profit | -$78.8K | -$237.3K | -$194.1K | -$141.7K | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $6.4M | $5.3M | $7.5M | $6.9M | -- | |
| Other Inc / (Exp) | -$19.5K | -$28.1K | -$17.2K | -$8.5K | -- | |
| Operating Expenses | $14.6M | $28.4M | $28.1M | $21.4M | -- | |
| Operating Income | -$14.7M | -$28.6M | -$28.2M | -$21.5M | -- | |
| Net Interest Expenses | -- | -- | $138.8K | -- | -- | |
| EBT. Incl. Unusual Items | -$14.5M | -$28.5M | -$27.9M | -$20.7M | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$6.5M | -$848.4K | -$44.1K | $31.1K | -- | |
| Net Income to Company | -$8M | -$27.7M | -$27.7M | -$21M | -- | |
| Minority Interest in Earnings | -$3.5M | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$8M | -$27.6M | -$27.8M | -$20.7M | -- | |
| Basic EPS (Cont. Ops) | -$0.06 | -$0.36 | -$0.31 | -$0.19 | -- | |
| Diluted EPS (Cont. Ops) | -$0.06 | -$0.36 | -$0.31 | -$0.19 | -- | |
| Weighted Average Basic Share | $213.8M | $227.8M | $268.9M | $322M | -- | |
| Weighted Average Diluted Share | $213.8M | $227.8M | $268.9M | $322M | -- | |
| EBITDA | -$14.6M | -$28.4M | -$28.1M | -$21.4M | -- | |
| EBIT | -$14.7M | -$28.6M | -$28.2M | -$21.5M | -- | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -$14.7M | -$28.6M | -$28.2M | -$21.5M | -- | |
| Operating Income (Adjusted) | -$14.7M | -$28.6M | -$28.2M | -$21.5M | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | -- | -- | $25.5M | $9.4M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | -- | -- | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | -- | $726.3K | $676K | $523.9K | |
| Total Current Assets | -- | -- | -- | $26M | $9.9M | |
| Property Plant And Equipment | -- | -- | -- | $81.6M | $85M | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | $380.7K | $371.9K | $460.4K | |
| Total Assets | -- | -- | -- | $109.1M | $95.4M | |
| Accounts Payable | -- | -- | -- | -- | -- | |
| Accrued Expenses | -- | -- | $762.6K | $1.6M | $895.8K | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | -- | $135.1K | $129.4K | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | -- | -- | -- | $4.5M | $2.7M | |
| Long-Term Debt | -- | -- | -- | $94.5K | $455.3K | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | -- | -- | $5.6M | $3.2M | |
| Common Stock | -- | -- | -- | $86.7K | $95.6K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | $103.5M | $92.2M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -- | -- | -- | $103.5M | $92.2M | |
| Total Liabilities and Equity | -- | -- | -- | $109.1M | $95.4M | |
| Cash and Short Terms | -- | -- | -- | $25.5M | $9.4M | |
| Total Debt | -- | -- | -- | $94.5K | $455.3K | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | -- | -- | $12.8M | $14.7M | $33M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | -- | $100.1K | $129K | -- | -- | |
| Inventory | -- | -- | -- | -- | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | -- | $771.3K | $539.5K | $776.4K | -- | |
| Total Current Assets | -- | -- | $13.4M | $15.5M | $34M | |
| Property Plant And Equipment | -- | -- | $81.2M | $84.8M | $85.1M | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | $20K | $391.7K | $459.4K | -- | |
| Total Assets | -- | -- | $95M | $100.8M | $119.2M | |
| Accounts Payable | -- | -- | -- | -- | -- | |
| Accrued Expenses | -- | $631.1K | $1.1M | $586.3K | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | -- | -- | $133.2K | $93.9K | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | -- | -- | $2.2M | $7.1M | $2.9M | |
| Long-Term Debt | -- | -- | $127.3K | $46.6K | $362.6K | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | -- | -- | $2.8M | $7.5M | $3.3M | |
| Common Stock | -- | -- | $79.1K | $93.7K | $112.9K | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -- | -- | $92.2M | $93.3M | $116M | |
| Total Liabilities and Equity | -- | -- | $95M | $100.8M | $119.2M | |
| Cash and Short Terms | -- | -- | $12.8M | $14.7M | $33M | |
| Total Debt | -- | -- | $127.3K | $46.6K | $362.6K | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -$36.4M | -$33.9M | |
| Depreciation & Amoritzation | -- | -- | -- | $302.1K | $255K | |
| Stock-Based Compensation | -- | -- | -- | $4.3M | $3.8M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -$31.2M | -$31.5M | |
| Capital Expenditures | -- | -- | -- | $1.7M | $573.6K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -$1.8M | -$573.6K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -$558K | -$263.2K | $182.8K | |
| Cash From Financing | -- | -- | -- | $34.6M | $15.9M | |
| Beginning Cash (CF) | -- | -- | -- | $25.5M | $9.4M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | $1.6M | -$16.1M | |
| Ending Cash (CF) | -- | -- | -- | $27.2M | -$6.7M | |
| Levered Free Cash Flow | -- | -- | -- | -$32.9M | -$32.1M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$5M | -- | -$8.6M | -$10.1M | -$10.6M | |
| Depreciation & Amoritzation | $30.6K | -- | $113.7K | $61.6K | $47K | |
| Stock-Based Compensation | $2.7M | -- | $903K | $1.1M | $1M | |
| Change in Accounts Receivable | -$17.1K | -- | -$4.3K | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$2.5M | -- | -$8.2M | -$8M | -$9.9M | |
| Capital Expenditures | -- | -- | $545.6K | $179.3K | $280.4K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$2.5M | -- | -$641.7K | -$179.3K | -$280.4K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -$425.2K | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | $32.6M | -- | -- | $182.8K | -- | |
| Cash From Financing | $32.2M | -- | $6.1M | $6.8M | $995.3K | |
| Beginning Cash (CF) | $25.3M | -- | $12.8M | $14.7M | $33M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $27.2M | -- | -$2.7M | -$1.4M | -$9.2M | |
| Ending Cash (CF) | $52.5M | -- | $10.1M | $13.3M | $23.8M | |
| Levered Free Cash Flow | -$5M | -- | -$8.7M | -$8.2M | -$10.2M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -$20.2M | -$34.2M | -$36.1M | -$26.5M | |
| Depreciation & Amoritzation | -- | $177.4K | $290.8K | $255.9K | $199K | |
| Stock-Based Compensation | $13.3M | $8.9M | $4.1M | $3.7M | $3.3M | |
| Change in Accounts Receivable | -- | -$83.1K | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -$17.8M | -$31.4M | -$29.4M | -$25.7M | |
| Capital Expenditures | -- | $140.7K | $1.1M | $1.1M | $290.9K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -$6.6M | -$2M | -$1.1M | -$290.9K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -$13K | $15.3M | $32.5M | $45M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -$24.5M | -$18.1M | $2M | $19M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -$24.4M | -$33.4M | -$30.5M | -$26M | |
| Period Ending | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | 2026-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$8M | -$27.7M | -$27.7M | -$21M | -- | |
| Depreciation & Amoritzation | $78.8K | $238.1K | $194.7K | $143.9K | -- | |
| Stock-Based Compensation | $5.2M | $3.5M | $2.8M | $2.4M | -- | |
| Change in Accounts Receivable | -$656K | -$21.7K | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$9.2M | -$25.3M | -$23.8M | -$18.6M | -- | |
| Capital Expenditures | $140.7K | $1.1M | $571.7K | $300.8K | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$2.6M | -$1.2M | -$550.9K | -$300.8K | -- | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -$263.2K | $182.8K | -$507.6K | -- | |
| Cash From Financing | $12K | $15.3M | $13.5M | $42.9M | -- | |
| Beginning Cash (CF) | $76.4M | $48.5M | $45.9M | $121.6M | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$11.7M | -$11.2M | -$10.8M | $24M | -- | |
| Ending Cash (CF) | $70.1M | $37.3M | $35.1M | $145.6M | -- | |
| Levered Free Cash Flow | -$11.7M | -$26.4M | -$24.4M | -$18.9M | -- | |
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