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 | $16M | -$1.7M | $7.8M | $115.1M | $44.4M | |
| Revenue Growth (YoY) | -78.9% | -110.91% | 548.51% | 1370.71% | -61.4% | |
| Cost of Revenues | $11.1M | $4.9M | $4.4M | $4.3M | $18.4M | |
| Gross Profit | $4.9M | -$6.6M | $3.4M | $110.8M | $26M | |
| Gross Profit Margin | 30.5% | -- | 43.8% | 96.26% | 58.57% | |
| R&D Expenses | $36.5M | $32.5M | $32M | $20.8M | $30.1M | |
| Selling, General & Admin | $25.5M | $24.1M | $26.6M | $34.5M | $34.6M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $61.5M | $55.9M | $51.5M | $54.5M | $63.9M | |
| Operating Income | -$56.6M | -$62.5M | -$48M | $56.2M | -$37.9M | |
| Net Interest Expenses | $16.2M | $18M | $21.1M | $23.7M | $8.8M | |
| EBT. Incl. Unusual Items | -$72M | -$59.8M | -$73.9M | $61M | -$47.3M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $216.5K | $884.9K | $481.6K | $42.3K | $354.3K | |
| Net Income to Company | -$72M | -$59.8M | -$73.9M | $61M | -$47.3M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$72.2M | -$60.7M | -$74.4M | $61M | -$47.7M | |
| Basic EPS (Cont. Ops) | -$54.18 | -$17.77 | -$12.21 | $5.76 | -$4.19 | |
| Diluted EPS (Cont. Ops) | -$54.18 | -$17.77 | -$12.21 | $5.58 | -$4.19 | |
| Weighted Average Basic Share | $1.3M | $3.4M | $6.1M | $10.6M | $11.4M | |
| Weighted Average Diluted Share | $1.3M | $3.4M | $6.1M | $10.9M | $11.4M | |
| EBITDA | -$57M | -$58.4M | -$44.2M | $59.6M | -$31.5M | |
| EBIT | -$64.6M | -$62.5M | -$48M | $56.2M | -$37.9M | |
| Revenue (Reported) | $16M | -$1.7M | $7.8M | $115.1M | $44.4M | |
| Operating Income (Reported) | -$56.6M | -$62.5M | -$48M | $56.2M | -$37.9M | |
| Operating Income (Adjusted) | -$64.6M | -$62.5M | -$48M | $56.2M | -$37.9M | |
| Period Ending | 2014-12-31 | 2015-12-31 | 2016-12-31 | 2017-12-31 | 2018-12-31 | |
|---|---|---|---|---|---|---|
| Revenue | -- | -- | -- | $6.7M | $8.1M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | -- | -- | -- | $1.1M | $1.1M | |
| Gross Profit | -- | -- | -- | $5.6M | $7M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | -- | -- | -- | $8.5M | $11.2M | |
| Selling, General & Admin | -- | -- | -- | $13.6M | $10.4M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | -- | -- | -- | $22.1M | $21.3M | |
| Operating Income | -- | -- | -- | -$16.5M | -$14.3M | |
| Net Interest Expenses | -- | -- | -- | -- | -- | |
| EBT. Incl. Unusual Items | -- | -- | -- | -$17.3M | -$14.4M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | -- | -- | -- | $1.2M | -$58.2K | |
| Net Income to Company | -- | -- | -- | -- | -- | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -- | -- | -- | -$18.4M | -$14.3M | |
| Basic EPS (Cont. Ops) | -- | -- | -- | -$29.37 | -$16.77 | |
| Diluted EPS (Cont. Ops) | -- | -- | -- | -$29.37 | -$16.77 | |
| Weighted Average Basic Share | -- | -- | -- | $628.2K | $821.8K | |
| Weighted Average Diluted Share | -- | -- | -- | $628.2K | $821.8K | |
| EBITDA | -- | -- | -- | -$16.1M | -$14.2M | |
| EBIT | -- | -- | -- | -$17M | -$15.1M | |
| Revenue (Reported) | -- | -- | -- | $6.7M | $8.1M | |
| Operating Income (Reported) | -- | -- | -- | -$16.5M | -$14.3M | |
| Operating Income (Adjusted) | -- | -- | -- | -$17M | -$15.1M | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Revenue | $12.9M | $1K | $5.6M | $128.2M | $56.5M | |
| Revenue Growth (YoY) | -- | -- | -- | -- | -- | |
| Cost of Revenues | $11.4M | $4.5M | $4.6M | $8M | $49.9M | |
| Gross Profit | $1.5M | -$4.5M | $1M | $120.2M | $6.6M | |
| Gross Profit Margin | -- | -- | -- | -- | -- | |
| R&D Expenses | $33.2M | $35.4M | $24.8M | $25.6M | $28.1M | |
| Selling, General & Admin | $20.1M | $28.8M | $26.6M | $35.3M | $38.3M | |
| Other Inc / (Exp) | -- | -- | -- | -- | -- | |
| Operating Expenses | $53M | $63.5M | $44.4M | $60.1M | $65.6M | |
| Operating Income | -$51.5M | -$68M | -$43.4M | $60.1M | -$59M | |
| Net Interest Expenses | $28.7M | $14.8M | $21M | $19.5M | $9.9M | |
| EBT. Incl. Unusual Items | -$61.6M | -$68.7M | -$68.6M | $71.4M | -$75.4M | |
| Earnings of Discontinued Ops. | -- | -- | -- | -- | -- | |
| Income Tax Expense | $542.2K | $796.3K | -$228.8K | $333.4K | $245.3K | |
| Net Income to Company | -$61.6M | -$68.7M | -$68.6M | $71.4M | -$75.8M | |
| Minority Interest in Earnings | -- | -- | -- | -- | -- | |
| Net Income to Common Excl Extra Items | -$62.2M | -$69.5M | -$68.4M | $71.1M | -$75.7M | |
| Basic EPS (Cont. Ops) | -$35.55 | -$13.22 | -$8.95 | $6.70 | -$5.92 | |
| Diluted EPS (Cont. Ops) | -$35.55 | -$13.22 | -$8.95 | $6.51 | -$5.92 | |
| Weighted Average Basic Share | ||||||
| Weighted Average Diluted Share | ||||||
| EBITDA | -$37.3M | -$64.1M | -$39.5M | $64.5M | -$52.4M | |
| EBIT | -$44.7M | -$68M | -$43.4M | $60.1M | -$59M | |
| Revenue (Reported) | $12.9M | $1K | $5.6M | $128.2M | $56.5M | |
| Operating Income (Reported) | -$51.5M | -$68M | -$43.4M | $60.1M | -$59M | |
| Operating Income (Adjusted) | -$44.7M | -$68M | -$43.4M | $60.1M | -$59M | |
| 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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $14.2M | $23.3M | $1.5M | $36.1M | $45.2M | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $2.7M | $1.1M | $473.4K | $522.8K | $10M | |
| Inventory | $550.6K | $469.7K | $116.7K | $2.2M | $19.3M | |
| Prepaid Expenses | $393.7K | $1.2M | $554.5K | $381.4K | $411.6K | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $20.3M | $27M | $3.3M | $41.2M | $83.7M | |
| Property Plant And Equipment | $2.2M | $1.5M | $1.1M | $691.5K | $2.8M | |
| Long-Term Investments | -- | $513.6K | $479.9K | $503.8K | $270.3K | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | $77.5M | $70.7M | $63.9M | $88.1M | $76.3M | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $101.5M | $100M | $68.9M | $130.3M | $168.3M | |
| Accounts Payable | $4.4M | $2.6M | $4.2M | $4.2M | $6.3M | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $880.2K | $666.2K | $672K | $679.8K | $612.1K | |
| Other Current Liabilities | -- | -- | -- | -- | $4.2M | |
| Total Current Liabilities | $33.3M | $36M | $53.4M | $52.7M | $50.9M | |
| Long-Term Debt | $66.2M | $34.8M | $29M | $1.8M | $73.7M | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $108.8M | $98.5M | $116.1M | $59M | $137.7M | |
| Common Stock | $22.2M | $59.9M | $813.9K | $1.5M | $1.5M | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -$7.3M | $1.5M | -$47.2M | $71.2M | $30.6M | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | -$7.3M | $1.5M | -$47.2M | $71.2M | $30.6M | |
| Total Liabilities and Equity | $101.5M | $100M | $68.9M | $130.3M | $168.3M | |
| Cash and Short Terms | $14.2M | $23.3M | $1.5M | $36.1M | $45.2M | |
| Total Debt | $78.4M | $35.5M | $29.7M | $2.5M | $74.4M | |
| Period Ending | 2021-06-30 | 2022-06-30 | 2023-06-30 | 2024-06-30 | 2025-06-30 | |
|---|---|---|---|---|---|---|
| Cash and Equivalents | $8.7M | $13.3M | $1.9M | $18.3M | -- | |
| Short Term Investments | -- | -- | -- | -- | -- | |
| Accounts Receivable, Net | $3M | $990.2K | $2.2M | $11.6M | -- | |
| Inventory | $474.5K | $223.2K | -- | $6.7M | -- | |
| Prepaid Expenses | $457.1K | $741.9K | $499.3K | $769.8K | -- | |
| Other Current Assets | -- | -- | -- | -- | -- | |
| Total Current Assets | $12.6M | $15.3M | $11.9M | $37.4M | -- | |
| Property Plant And Equipment | $1.7M | $1.3M | $869.6K | $3.1M | -- | |
| Long-Term Investments | -- | -- | -- | -- | -- | |
| Goodwill | -- | -- | -- | -- | -- | |
| Other Intangibles | -- | -- | -- | -- | -- | |
| Other Long-Term Assets | -- | -- | -- | -- | -- | |
| Total Assets | $87.1M | $83.6M | $70.1M | $120.4M | -- | |
| Accounts Payable | $3.3M | $5.1M | $9.7M | $16.6M | -- | |
| Accrued Expenses | -- | -- | -- | -- | -- | |
| Current Portion Of Long-Term Debt | -- | -- | -- | -- | -- | |
| Current Portion Of Capital Lease Obligations | $812.2K | $704.1K | $689.5K | $301.5K | -- | |
| Other Current Liabilities | -- | -- | -- | -- | -- | |
| Total Current Liabilities | $48.5M | $40.4M | $86M | $59M | -- | |
| Long-Term Debt | $16M | $26.1M | $21.4M | -- | -- | |
| Capital Leases | -- | -- | -- | -- | -- | |
| Total Liabilities | $78M | $98.1M | $117.7M | $67M | -- | |
| Common Stock | $34M | $77.3M | $1.4M | $1.4M | -- | |
| Other Common Equity Adj | -- | -- | -- | -- | -- | |
| Common Equity | -- | -- | -- | -- | -- | |
| Total Preferred Equity | -- | -- | -- | -- | -- | |
| Minority Interest, Total | -- | -- | -- | -- | -- | |
| Total Equity | $9.1M | -$14.5M | -$47.6M | $53.5M | -- | |
| Total Liabilities and Equity | $87.1M | $83.6M | $70.1M | $120.4M | -- | |
| Cash and Short Terms | $8.7M | $13.3M | $1.9M | $18.3M | -- | |
| Total Debt | $44.5M | -- | -- | -- | -- | |
| Period Ending | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -$72M | -$59.8M | -$73.9M | $61M | -$47.3M | |
| Depreciation & Amoritzation | $7.6M | $4.1M | $3.8M | $3.4M | $6.4M | |
| Stock-Based Compensation | $3.2M | $3M | $5.7M | $6.7M | $4.5M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$46.4M | -$40.9M | -$31.2M | $52.6M | -$40.3M | |
| Capital Expenditures | $36.3K | $16.4K | $4.1M | $26.4M | $171.5K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | $1.7M | $75.5K | -$4.1M | -$20.1M | -$69.3K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $26.2M | $39.2M | $34.6M | $8.4M | $39M | |
| Long-Term Debt Repaid | -- | -$3.8M | -$19.3M | -$28.4M | -$15.4M | |
| Repurchase of Common Stock | -$983.4K | $61.3K | -- | -- | -- | |
| Other Financing Activities | -$74.7K | -$3.8M | -- | -- | $28.6M | |
| Cash From Financing | $24.7M | $50.3M | $14.7M | -$190.3K | $52.3M | |
| Beginning Cash (CF) | $33.4M | $23.3M | $1.5M | $36.1M | $45.2M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$20M | $9.6M | -$20.8M | $32.3M | $12M | |
| Ending Cash (CF) | $13.2M | $33M | -$19.4M | $68.3M | $57.2M | |
| Levered Free Cash Flow | -$46.4M | -$40.9M | -$35.4M | $26.2M | -$40.5M | |
| Period Ending | 2014-09-30 | 2015-09-30 | 2016-09-30 | 2017-09-30 | 2018-09-30 | |
|---|---|---|---|---|---|---|
| Net Income to Stockholders | -- | -- | -- | -$35.6M | -$40.2M | |
| Depreciation & Amoritzation | -- | -- | -- | $2.6M | $2.9M | |
| Stock-Based Compensation | -- | -- | -- | $5.7M | $5.3M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -- | -- | -- | -$33.1M | -$33.5M | |
| Capital Expenditures | -- | -- | -- | -- | -- | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -- | -- | -- | -$22.2M | $8.8M | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | -- | -- | -- | -- | -- | |
| Long-Term Debt Issued | -- | -- | -- | $59.5M | -- | |
| Long-Term Debt Repaid | -- | -- | -- | -- | -- | |
| Repurchase of Common Stock | -- | -- | -- | -$7.9M | -$3.1M | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | -- | -- | -- | $59.3M | -$1.2M | |
| Beginning Cash (CF) | -- | -- | -- | $51.8M | $45.9M | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | $97.7K | -$81.3K | |
| Additions / Reductions | -- | -- | -- | $4M | -$25.9M | |
| Ending Cash (CF) | -- | -- | -- | $55.8M | $20M | |
| 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 | -$61.6M | -$68.7M | -$68.6M | $71.4M | -$75.8M | |
| Depreciation & Amoritzation | $7.4M | $3.9M | $3.9M | $4.5M | $6.7M | |
| Stock-Based Compensation | $2.7M | $3.3M | $6.2M | $7.5M | $4.4M | |
| Change in Accounts Receivable | -- | -- | -- | -- | -- | |
| Change in Inventories | -- | -- | -- | -- | -- | |
| Cash From Operations | -$46.7M | -$33M | -$35.4M | $53.6M | -$47.5M | |
| Capital Expenditures | $53.8K | -$31.5K | $4.1M | $26.8M | $92.3K | |
| Cash Acquisitions | -- | -- | -- | -- | -- | |
| Cash From Investing | -$19.3K | $156.5K | $2.2M | -$26.8M | -$163.6K | |
| Dividends Paid (Ex Special Dividend) | -- | -- | -- | -- | -- | |
| Special Dividend Paid | ||||||
| Long-Term Debt Issued | $38.1M | $39M | $23.9M | -- | -- | |
| Long-Term Debt Repaid | -- | -$18.2M | -- | -- | -- | |
| Repurchase of Common Stock | -$381.2K | -- | -- | -- | -- | |
| Other Financing Activities | -- | -- | -- | -- | -- | |
| Cash From Financing | $34.2M | $38.2M | $21.8M | -$11.9M | $51.4M | |
| Beginning Cash (CF) | -- | -- | -- | -- | -- | |
| Foreign Exchange Rate Adjustment | -- | -- | -- | -- | -- | |
| Additions / Reductions | -$12.5M | $5.4M | -$11.4M | $16.8M | $1.6M | |
| Ending Cash (CF) | -- | -- | -- | -- | -- | |
| Levered Free Cash Flow | -$46.7M | -$33M | -$39.5M | $26.8M | -$47.6M | |
| 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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