Will UnitedHealth Stock Recover?
Shares of embattled health insurance giant UnitedHealth (NYSE:UNH) plummeted by…
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $521.7M | $453.4M | $457.4M | $389.7M | $456.5M | |
| Revenue Growth (YoY) | 17.56% | -13.09% | 0.89% | -14.81% | 17.16% | |
| Cost of Revenues | $668.6M | $614.6M | $500.4M | $476.5M | $430.9M | |
| Gross Profit | -$146.9M | -$161.2M | -$43M | -$86.9M | $25.6M | |
| Gross Profit Margin | -28.16% | -35.56% | -9.4% | -22.29% | 5.61% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $53M | $61.7M | $69.6M | $64.1M | $74.9M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $94M | $95.5M | $119.5M | $111.5M | $124M | |
| Operating Income | -$240.9M | -$256.7M | -$162.6M | -$198.4M | -$98.4M | |
| Net Interest Expenses | $13.8M | $12.3M | $14.2M | $24.2M | $21.4M | |
| EBT. Incl. Unusual Items | -$248.5M | -$267.5M | -$122.9M | -$212.5M | -$54.8M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $2.5M | $2.1M | $6.6M | $3.4M | $8.9M | |
| Net Income to Company | -$247.8M | -$269.4M | -$129.3M | -$215.4M | -$63.2M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$250.3M | -$269.4M | -$129.3M | -$215.4M | -$63.2M | |
| Basic EPS (Cont. Ops) | -$1.29 | -$1.17 | -$0.44 | -$0.77 | -$0.23 | |
| Diluted EPS (Cont. Ops) | -$1.29 | -$1.17 | -$0.44 | -$0.77 | -$0.23 | |
| Weighted Average Basic Share | $194.4M | $231.3M | $296.1M | $280.7M | $280.7M | |
| Weighted Average Diluted Share | $194.4M | $231.3M | $296.1M | $280.7M | $280.7M | |
| EBITDA | $17.8M | -$42.5M | $19M | -$33.6M | $50.7M | |
| EBIT | -$240.9M | -$256.7M | -$162.6M | -$198.4M | -$98.4M | |
| Revenue (Reported) | $521.7M | $453.4M | $457.4M | $389.7M | $456.5M | |
| Operating Income (Reported) | -$240.9M | -$256.7M | -$162.6M | -$198.4M | -$98.4M | |
| Operating Income (Adjusted) | -$240.9M | -$256.7M | -$162.6M | -$198.4M | -$98.4M | |
| Period Ending | 2012-06-30 | 2013-06-30 | 2014-06-30 | 2015-06-30 | 2016-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $63.6M | $71.7M | $80.5M | $122.8M | $80.7M | |
| Revenue Growth (YoY) | 80.28% | -2.01% | 50.87% | 3.42% | -23.29% | |
| Cost of Revenues | $103.7M | $109.9M | $121M | $61.9M | $120.9M | |
| Gross Profit | -$40.1M | -$38.2M | -$40.5M | $60.9M | -$40.1M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -$18.7M | $2.8M | $4M | $47.2M | $56.7M | |
| Operating Income | -$21.4M | -$40.9M | -$44.4M | $13.7M | -$96.9M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -$9.6M | -$37.7M | -$10M | $11.8M | -$34.6M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $2.1M | $1.1M | $3.1M | $2.9M | $1.5M | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$11.7M | -$38.8M | -$13.1M | $8.9M | -$36.1M | |
| Basic EPS (Cont. Ops) | -$0.16 | -$0.25 | -$0.08 | $0.07 | -$0.23 | |
| Diluted EPS (Cont. Ops) | -$0.16 | -$0.25 | -$0.08 | $0.07 | -$0.23 | |
| Weighted Average Basic Share | $89.1M | $159.9M | $159.9M | $136.5M | $159.9M | |
| Weighted Average Diluted Share | $89.1M | $159.9M | $159.9M | $136.5M | $159.9M | |
| EBITDA | -$9.9M | -$18.3M | -$22.7M | $33.1M | -$16.4M | |
| EBIT | -$42.4M | -$40.9M | -$44.4M | $13.5M | -$39.5M | |
| Revenue (Reported) | $63.6M | $71.7M | $80.5M | $122.8M | $80.7M | |
| Operating Income (Reported) | -$21.4M | -$40.9M | -$44.4M | $13.7M | -$96.9M | |
| Operating Income (Adjusted) | -$42.4M | -$40.9M | -$44.4M | $13.5M | -$39.5M | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $521.1M | $454.6M | $457M | $389.7M | $456.4M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $668.2M | $615.2M | $501M | $476.5M | $431M | |
| Gross Profit | -$147.1M | -$160.6M | -$44M | -$86.9M | $25.4M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $51.6M | $61.5M | $69.9M | $63.9M | $73.6M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $91.2M | $94.9M | $120.7M | $111.5M | $124.1M | |
| Operating Income | -$238.4M | -$255.5M | -$164.7M | -$198.4M | -$98.7M | |
| Net Interest Expenses | $13.8M | $12.4M | $14.2M | $24.2M | $21.4M | |
| EBT. Incl. Unusual Items | -$248.4M | -$267M | -$125.2M | -$212.5M | -$55.2M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $2.4M | $2.1M | $6.6M | $3.4M | $8.9M | |
| Net Income to Company | -$247.7M | -$261.3M | -$131.7M | -$215.4M | -$63.5M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$250.1M | -$269M | -$131.7M | -$215.4M | -$63.7M | |
| Basic EPS (Cont. Ops) | -$1.29 | -$1.21 | -$0.44 | -$0.64 | -$0.17 | |
| Diluted EPS (Cont. Ops) | -$1.29 | -$1.21 | -$0.44 | -$0.64 | -$0.17 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | $20.8M | -$41.3M | $17.4M | -$33.6M | $50.5M | |
| EBIT | -$238.4M | -$255.5M | -$164.7M | -$198.4M | -$98.7M | |
| Revenue (Reported) | $521.1M | $454.6M | $457M | $389.7M | $456.4M | |
| Operating Income (Reported) | -$238.4M | -$255.5M | -$164.7M | -$198.4M | -$98.7M | |
| Operating Income (Adjusted) | -$238.4M | -$255.5M | -$164.7M | -$198.4M | -$98.7M | |
| Period Ending | 2022-02-13 | 2023-02-13 | 2024-02-13 | 2025-02-13 | ||
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | -- | -- | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | -- | -- | |
| Gross Profit | -- | -- | -- | -- | -- | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | -- | -- | -- | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -- | -- | -- | -- | |
| Operating Income | -- | -- | -- | -- | -- | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -- | -- | -- | -- | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | -- | -- | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | -- | -- | -- | |
| Basic EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Diluted EPS (Cont. Ops) | -- | -- | -- | -- | -- | |
| Weighted Average Basic Share | -- | -- | -- | -- | -- | |
| Weighted Average Diluted Share | -- | -- | -- | -- | -- | |
| EBITDA | -- | -- | -- | -- | -- | |
| EBIT | -- | -- | -- | -- | -- | |
| Revenue (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Reported) | -- | -- | -- | -- | -- | |
| Operating Income (Adjusted) | -- | -- | -- | -- | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $25.4M | $85.7M | $66.4M | $52M | $69.5M | |
| Short Term Investments | $13M | $12.2M | $13.2M | -- | -- | |
| Accounts Receivable, Net | $43.9M | $40.8M | $26.1M | $45.9M | $55.2M | |
| Inventory | $10.8M | $8.3M | $11.6M | $3.3M | $2.1M | |
| Prepaid Expenses | $18.4M | $9.9M | $11.3M | $8.9M | $8.8M | |
| Other Current Assets | $1.6M | $1.1M | $734.6K | -- | -- | |
| Total Current Assets | $222.6M | $226.8M | $175.2M | $140.2M | $199.7M | |
| Property Plant And Equipment | $195M | $161.3M | $206.3M | $190.4M | $202.3M | |
| Long-Term Investments | $70.2M | $65.9M | $107.8M | $30.9M | $69.4M | |
| Goodwill | $2.2M | $1.9M | $2M | -- | -- | |
| Other Intangibles | $573.7M | $509.3M | $409M | -- | -- | |
| Other Long-Term Assets | $408.2K | $520.2K | $677K | -- | -- | |
| Total Assets | $1.1B | $974M | $909.9M | $727.7M | $929.6M | |
| Accounts Payable | $30.1M | $33.7M | $39.6M | $33.4M | $37.8M | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $7.3M | $4.3M | $5M | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $436M | $401.7M | $609.5M | $321.3M | $422.2M | |
| Long-Term Debt | $406.9M | $208.8M | $131.8M | $266.3M | $332.2M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $1B | $801.8M | $863.9M | $684.6M | $914M | |
| Common Stock | $13.5M | $24.4M | $25.5M | $16.3M | $17.9M | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | $33.7M | $172.2M | $45.9M | $43.1M | $15.5M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $33.7M | $172.2M | $45.9M | $43.1M | $15.5M | |
| Total Liabilities and Equity | $1.1B | $974M | $909.9M | $727.7M | $929.6M | |
| Cash and Short Terms | $25.4M | $85.7M | $66.4M | $52M | $69.5M | |
| Total Debt | $414.1M | $213.1M | $136.8M | $269.7M | $335.5M | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $12.5M | $73.4M | $52.9M | -- | -- | |
| Short Term Investments | $13M | $12.2M | $13.2M | -- | -- | |
| Accounts Receivable, Net | $42.8M | $28.8M | $25.7M | -- | -- | |
| Inventory | $10.9M | $8.3M | $11.5M | -- | -- | |
| Prepaid Expenses | $5.3M | $6.6M | $5.6M | -- | -- | |
| Other Current Assets | $1.6M | $1.1M | $734.6K | -- | -- | |
| Total Current Assets | $223.4M | $226.6M | $174.5M | -- | -- | |
| Property Plant And Equipment | $195.6M | $161.1M | $205.5M | -- | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | $2.2M | $1.9M | $2M | -- | -- | |
| Other Intangibles | $573.7M | $509.3M | $409M | -- | -- | |
| Other Long-Term Assets | $408.2K | $520.2K | $677K | -- | -- | |
| Total Assets | $1.1B | $973.2M | $906.3M | -- | -- | |
| Accounts Payable | $29.2M | $32.4M | $38.3M | -- | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $7.3M | $4.3M | $5M | -- | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $437.5M | $401.3M | $607.1M | -- | -- | |
| Long-Term Debt | $387.1M | $192.2M | $117.2M | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $1B | $801.2M | $860.6M | -- | -- | |
| Common Stock | $13.6M | $24.4M | $25.4M | -- | -- | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $33.8M | $172.1M | $45.8M | -- | -- | |
| Total Liabilities and Equity | $1.1B | $973.2M | $906.3M | -- | -- | |
| Cash and Short Terms | $25.5M | $85.6M | $66.1M | -- | -- | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$247.8M | -$269.4M | -$129.3M | -$215.4M | -$63.2M | |
| Depreciation & Amoritzation | $23.3M | $19M | $15.2M | $14.3M | $13.3M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | $40.4M | $9.9M | $8.8M | -$17M | -$5.3M | |
| Change in Inventories | $28.4K | $1.3M | -$2.8M | $8.2M | $1.4M | |
| Cash From Operations | $37.3M | -$47.1M | -$57M | -$71.3M | $7.4M | |
| Capital Expenditures | $152.3M | $263.2M | $168.6M | $113.1M | $242.7M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$15.1M | -$125.1M | -$133.3M | -$35.8M | -$104.8M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $49.4M | -- | $73.4M | -- | -- | |
| Long-Term Debt Repaid | -$58.5M | -$92.6M | -$24.9M | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$7.7M | -$3M | -$1.2M | -- | -- | |
| Cash From Financing | -$7.6M | $239.6M | $167.7M | $93.8M | $97.6M | |
| Beginning Cash (CF) | $12.5M | $73.5M | $53.1M | $39M | $42.9M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $14.6M | $67.3M | -$22.6M | -$13.2M | $178.3K | |
| Ending Cash (CF) | $27.1M | $140.8M | $30.5M | $25.8M | $43.1M | |
| Levered Free Cash Flow | -$115M | -$310.4M | -$225.6M | -$184.4M | -$235.3M | |
| Period Ending | 2012-06-30 | 2013-06-30 | 2014-06-30 | 2015-06-30 | 2016-06-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -- | -- | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -- | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| 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 | -- | -- | -- | -- | -- | |
| Beginning Cash (CF) | $830K | $2.3M | $2.2M | -- | $31.8M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | -- | -- | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$247.7M | -$261.3M | -$131.7M | -$215.4M | -$63.5M | |
| Depreciation & Amoritzation | $23.3M | $18.4M | $15.2M | $14.3M | $13.3M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | $40.3M | $9.6M | $10.9M | -$17M | -$5.3M | |
| Change in Inventories | $44.6K | $1.3M | -$2.7M | $8.2M | $1.4M | |
| Cash From Operations | $37.4M | -$45.7M | -$55M | -$71.3M | $7.4M | |
| Capital Expenditures | $152.6M | $255.3M | $165.2M | $113M | $243.8M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$16.2M | -$121.4M | -$129.8M | -$35.8M | -$105.3M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $49.9M | -- | $69.8M | -- | -- | |
| Long-Term Debt Repaid | -$58.9M | -$92.7M | -$25.3M | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -$7.8M | -$3M | -$5.5M | -- | -- | |
| Cash From Financing | -$7.7M | $232.4M | $163.3M | $93.9M | $98.1M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $13.5M | $65.3M | -$21.6M | -$13.3M | $179.1K | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$115.2M | -$301M | -$220.2M | -$184.4M | -$236.4M | |
| Period Ending | 2022-02-13 | 2023-02-13 | 2024-02-13 | 2025-02-13 | ||
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -- | -- | |
| Depreciation & Amoritzation | -- | -- | -- | -- | -- | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -- | -- | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -- | -- | |
| 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 | -- | -- | -- | -- | -- | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | -- | -- | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -- | -- | -- | -- | -- | |
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Shares of embattled health insurance giant UnitedHealth (NYSE:UNH) plummeted by…
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