Will UnitedHealth Stock Recover?
Shares of embattled health insurance giant UnitedHealth (NYSE:UNH) plummeted by…
| Period Ending | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | |
|---|---|---|---|---|---|---|
| Revenue | $269.8M | $280M | $293.6M | $305.8M | $304.1M | |
| Revenue Growth (YoY) | -0.05% | 3.82% | 4.86% | 4.14% | -0.53% | |
| Cost of Revenues | $12M | $172.7M | $177.8M | $182.9M | $189M | |
| Gross Profit | $257.8M | $107.3M | $115.9M | $122.8M | $115.1M | |
| Gross Profit Margin | 95.56% | 38.32% | 39.46% | 40.18% | 37.85% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $749.8K | $14.1M | $12.9M | $18.1M | $18.8M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $187.1M | $36.4M | $26.7M | $31.9M | $33.1M | |
| Operating Income | $70.7M | $70.9M | $89.1M | $91M | $82M | |
| Net Interest Expenses | $8M | $7.1M | $16.6M | $26.2M | $25.5M | |
| EBT. Incl. Unusual Items | $67.1M | $64.6M | $79.5M | $75.1M | $68.8M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$2.3M | -$3.1M | -$26.2K | -$1.6M | -$2.4M | |
| Net Income to Company | $67.1M | $64.6M | $79.5M | $75.1M | $68.8M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $69.4M | $67.7M | $79.5M | $76.7M | $71.3M | |
| Basic EPS (Cont. Ops) | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | |
| Diluted EPS (Cont. Ops) | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | |
| Weighted Average Basic Share | $3.9B | $3.9B | $3.9B | $3.9B | $3.9B | |
| Weighted Average Diluted Share | $3.9B | $3.9B | $3.9B | $3.9B | $3.9B | |
| EBITDA | $197.4M | $196.7M | $213.3M | $219.5M | $214.7M | |
| EBIT | $74.5M | $70.9M | $89.1M | $91M | $82M | |
| Revenue (Reported) | $269.8M | $280M | $293.6M | $305.8M | $304.1M | |
| Operating Income (Reported) | $70.7M | $70.9M | $89.1M | $91M | $82M | |
| Operating Income (Adjusted) | $74.5M | $70.9M | $89.1M | $91M | $82M | |
| Period Ending | 2016-03-31 | 2017-03-31 | 2018-03-31 | 2019-03-31 | 2020-03-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | $61.2M | $64.8M | $66.8M | |
| Revenue Growth (YoY) | -- | -- | -- | 8.85% | 5.21% | |
| Cost of Revenues | -- | -- | $3.3M | $3M | $2.6M | |
| Gross Profit | -- | -- | $57.8M | $61.8M | $64.2M | |
| Gross Profit Margin | -- | -- | -- | -- | 96.07% | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | -- | -- | $225.8K | $214.8K | $180.7K | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -- | $45.2M | $46M | $55.8M | |
| Operating Income | -- | -- | $12.6M | $15.9M | $8.4M | |
| Net Interest Expenses | -- | -- | -- | -- | $3M | |
| EBT. Incl. Unusual Items | -- | -- | $9.8M | $13.1M | $6.6M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -$1.8M | -$1.7M | -$2.4M | |
| Net Income to Company | -- | -- | -- | $13.5M | $6.4M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | $11.6M | $14.8M | $9M | |
| Basic EPS (Cont. Ops) | -- | -- | $0.00 | $0.00 | $0.00 | |
| Diluted EPS (Cont. Ops) | -- | -- | $0.00 | $0.00 | $0.00 | |
| Weighted Average Basic Share | -- | -- | $3.9B | $3.9B | $3.9B | |
| Weighted Average Diluted Share | -- | -- | $3.9B | $3.9B | $3.9B | |
| EBITDA | -- | -- | $42.7M | $46.6M | $39.7M | |
| EBIT | -- | -- | $12.2M | $16.5M | $9.6M | |
| Revenue (Reported) | -- | -- | $61.2M | $64.8M | $66.8M | |
| Operating Income (Reported) | -- | -- | $12.6M | $15.9M | $8.4M | |
| Operating Income (Adjusted) | -- | -- | $12.2M | $16.5M | $9.6M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Revenue | $279.6M | $283.8M | $302.6M | $306.3M | $311.2M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $174.2M | $173.5M | $184M | $184.8M | $197.3M | |
| Gross Profit | $105.3M | $110.3M | $118.6M | $121.6M | $113.8M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | -- | -- | |
| Selling, General & Admin | $22.4M | $14M | $15.5M | $19.2M | $19.9M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $36.1M | $27M | $28.8M | $33M | $34.7M | |
| Operating Income | $69.3M | $83.3M | $89.8M | $88.6M | $79.2M | |
| Net Interest Expenses | $7.9M | $8.7M | $19M | $16.3M | $21.9M | |
| EBT. Incl. Unusual Items | $60.7M | $75.9M | $80.6M | $70.5M | $65.8M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -$6.5M | -$1.2M | $1M | -$3.1M | -$2.9M | |
| Net Income to Company | $60.7M | $75.9M | $80.6M | $70.5M | $65.7M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | $67.2M | $77.1M | $79.5M | $73.7M | $68.7M | |
| Basic EPS (Cont. Ops) | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | |
| Diluted EPS (Cont. Ops) | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | $195.4M | $207M | $217.2M | $218.4M | $217.7M | |
| EBIT | $69.3M | $83.3M | $89.8M | $88.6M | $79.2M | |
| Revenue (Reported) | $279.6M | $283.8M | $302.6M | $306.3M | $311.2M | |
| Operating Income (Reported) | $69.3M | $83.3M | $89.8M | $88.6M | $79.2M | |
| Operating Income (Adjusted) | $69.3M | $83.3M | $89.8M | $88.6M | $79.2M | |
| 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 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $126.6M | $110.7M | $151M | $135.5M | $132.1M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $24.3M | $53.4M | $57.5M | $58.6M | $56.7M | |
| Inventory | $3.8M | $3M | $5.1M | $3.2M | $2.3M | |
| Prepaid Expenses | $3.8M | $4M | $4.1M | -- | -- | |
| Other Current Assets | -- | -- | $4.3M | $4.3M | $4.7M | |
| Total Current Assets | $186.7M | $188.6M | $232.5M | $202.9M | $201.2M | |
| Property Plant And Equipment | $2.2B | $2.1B | $2.1B | $2B | $2B | |
| Long-Term Investments | -- | $64.5M | $71.4M | $65M | $48.7M | |
| Goodwill | $554.4M | $552.1M | $562.4M | $553.2M | $556.2M | |
| Other Intangibles | $59.4M | $56.1M | $73.3M | $73.4M | $75.2M | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $3.1B | $3B | $3B | $2.9B | $2.9B | |
| Accounts Payable | $10.8M | $14.4M | $19.8M | $15.6M | $21.6M | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $1.7M | $1.7M | $1.2M | $1.7M | $1.5M | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $454.6M | $204.8M | $106.7M | $101.8M | $224.2M | |
| Long-Term Debt | $115.5M | $402M | $574.3M | $588.6M | $535.1M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $979.6M | $976.4M | $1B | $1B | $1.1B | |
| Common Stock | $2.3B | $2.3B | $2.3B | $2.3B | $2.3B | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | $2.1B | $2B | $2B | $1.9B | $1.8B | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $2.1B | $2B | $2B | $1.9B | $1.8B | |
| Total Liabilities and Equity | $3.1B | $3B | $3B | $2.9B | $2.9B | |
| Cash and Short Terms | $126.6M | $110.7M | $151M | $135.5M | $132.1M | |
| Total Debt | $493.4M | $403.7M | $575.6M | $590.2M | $536.7M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $126.4M | $132.5M | $130.6M | $147.9M | -- | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $40.7M | $40.2M | $47.8M | $30.2M | -- | |
| Inventory | $3.3M | $2.8M | $3.7M | $3.7M | -- | |
| Prepaid Expenses | -- | -- | -- | -- | -- | |
| Other Current Assets | $2.1M | $2.7M | $2.6M | $3M | -- | |
| Total Current Assets | $191.5M | $196.5M | $205.4M | $220.7M | -- | |
| Property Plant And Equipment | $2.1B | $2B | $2B | $2.1B | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | $548.5M | $521.8M | $546.7M | $583.1M | -- | |
| Other Intangibles | $57.3M | $51.5M | $71.3M | $75.9M | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $3B | $2.8B | $2.9B | $3.1B | -- | |
| Accounts Payable | $41.6M | $36.7M | $43.2M | $57.9M | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $1.8M | $1.4M | $1.6M | $1.9M | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $90.8M | $95.8M | $111.7M | $199.5M | -- | |
| Long-Term Debt | $487.1M | $479.9M | $536.1M | $561M | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $971.5M | $934.9M | $1B | $1.1B | -- | |
| Common Stock | $2.3B | $2.2B | $2.3B | $2.4B | -- | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $2B | $1.9B | $1.9B | $1.9B | -- | |
| Total Liabilities and Equity | $3B | $2.8B | $2.9B | $3.1B | -- | |
| Cash and Short Terms | $126.4M | $132.5M | $130.6M | $147.9M | -- | |
| Total Debt | -- | -- | -- | -- | -- | |
| Period Ending | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $67.1M | $64.6M | $79.5M | $75.1M | $68.8M | |
| Depreciation & Amoritzation | $122.9M | $125.8M | $124.2M | $128.6M | $132.7M | |
| Stock-Based Compensation | $1.1M | $439K | $512.3K | $535.3K | $1.2M | |
| Change in Accounts Receivable | $8.1M | -$18.6M | -$183.4K | $11.4M | $2.7M | |
| Change in Inventories | -$680.2K | $788.9K | -$2M | $1.6M | $758.5K | |
| Cash From Operations | $193.7M | $189.9M | $206.8M | $214.5M | $193.3M | |
| Capital Expenditures | $44.1M | $54.8M | $70.4M | $98.4M | $107.4M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$44.1M | -$54.8M | -$70.4M | -$94.9M | -$107.3M | |
| Dividends Paid (Ex Special Dividend) | -$144.4M | $147.7M | $147.2M | $152.7M | $155.2M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | $163.8M | $22.3M | $68M | |
| Long-Term Debt Repaid | -- | -- | -$113.6M | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$148.2M | -$150.5M | -$99.3M | -$132.8M | -$89.9M | |
| Beginning Cash (CF) | $123.5M | $110.7M | $151M | $135.5M | $132.1M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | $1.4M | -$15.4M | $37M | -$13.2M | -$4M | |
| Ending Cash (CF) | $124.9M | $95.3M | $188M | $122.3M | $128.1M | |
| Levered Free Cash Flow | $149.6M | $135.1M | $136.4M | $116.1M | $85.9M | |
| Period Ending | 2016-03-31 | 2017-03-31 | 2018-03-31 | 2019-03-31 | 2020-03-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | $13.5M | $6.4M | |
| Depreciation & Amoritzation | -- | -- | -- | $31.1M | $29.8M | |
| Stock-Based Compensation | -- | -- | -- | -- | -- | |
| Change in Accounts Receivable | -- | -- | -- | -$5M | $3.7M | |
| Change in Inventories | -- | -- | -- | $13.4K | $659.3K | |
| Cash From Operations | -- | -- | -- | $46.4M | $51.2M | |
| Capital Expenditures | -- | -- | -- | -- | $10.5M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -$10.9M | -$10.5M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -$2.1M | $878.1K | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | $421K | $113.7M | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | -- | -$1.7M | $21.7M | |
| Beginning Cash (CF) | -- | -- | -- | $74M | $61.2M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -- | -- | -- | $33.8M | $62.4M | |
| Ending Cash (CF) | -- | -- | -- | $109.4M | $122.9M | |
| Levered Free Cash Flow | -- | -- | -- | -- | $40.7M | |
| Period Ending | 2021-09-30 | 2022-09-30 | 2023-09-30 | 2024-09-30 | 2025-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | $60.7M | $75.9M | $80.6M | $70.5M | $65.7M | |
| Depreciation & Amoritzation | $126.1M | $123.8M | $127.4M | $129.8M | $138.3M | |
| Stock-Based Compensation | -- | -- | $443.6K | $334.4K | $1.3M | |
| Change in Accounts Receivable | -$3.7M | -$2.4M | -$7.4M | $7.3M | $661.5K | |
| Change in Inventories | -$60.1K | $338.3K | -$850.3K | $12.2K | $946.7K | |
| Cash From Operations | $193.4M | $201.5M | $208.3M | $208.8M | $168M | |
| Capital Expenditures | $49M | $58.2M | $100.1M | $99.9M | $92.8M | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$49M | -$58.2M | -$96.6M | -$99.9M | -$92.8M | |
| Dividends Paid (Ex Special Dividend) | $147.6M | $145.8M | $151M | $154M | $158.6M | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | -- | -- | -- | -- | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -$151.3M | -$131.2M | -$120.2M | -$100.6M | -$23.4M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$6.9M | $12.2M | -$8.5M | $8.3M | $51.8M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | $144.4M | $143.3M | $108.2M | $108.9M | $75.2M | |
| 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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