Quick answer: latest quarter results, by ticker or company name

Reported Q: Q4 2023 Rev YoY: +13.8% EPS YoY: +15.7% Move: -0.90%

UnitedHealth Group

UNH

$273.22 -0.90%

Exchange NYSE Sector Healthcare Industry Medical Healthcare Plans

Q4 2023

Published: Dec 31, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for UNH

Reported

Report Date

Dec 31, 2023

Quarter Q4 2023

Revenue

93.25B

YoY: +13.8%

EPS

5.83

YoY: +15.7%

Market Move

-0.90%

Previous quarter: N/A

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Earnings Highlights

Revenue of $93.25B up 13.8% year-over-year
EPS of $5.83 increased by 15.7% from previous year
Gross margin of 22.3%
Net income of 5.46B
"'The increasingly impactful ways we can engage with patients, consumers, care providers, and customers resulted in revenue growth of over $47 billion.' - Andrew Witty, CEO" - Andrew Witty

UNH

UnitedHealth Group Incorporated

Period Q4 2023

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

In Q4 2023, UnitedHealth Group (UNH) reported strong financial results with revenues reaching $93.25 billion, marking a 13.81% year-over-year increase. Despite ongoing pressures due to shifting care patterns and reduced Medicare Advantage (MA) funding, management remained confident in the company’s long-term growth trajectory of 13% to 16% adjusted earnings per share (EPS). The company's diversified segments, particularly Optum, continued to drive significant revenue growth, demonstrating resilience amid an evolving healthcare landscape. Management emphasized their commitment to value-based care and consumer-focused innovations as pivotal to sustaining growth in 2024 and beyond.

Key Performance Indicators

Revenue

Increasing

93.25B

QoQ: 2.06% | YoY: 13.81%

Gross Profit

Increasing

20.82B

22.30% margin

QoQ: -7.00% | YoY: 3.97%

Operating Income

Increasing

7.69B

QoQ: -9.82% | YoY: 11.58%

Net Income

Increasing

5.46B

QoQ: -6.61% | YoY: 14.58%

EPS

Increasing

5.90

QoQ: -6.50% | YoY: 15.69%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue for Q4 2023 was $93.25 billion, up 13.81% year-over-year and 2.06% quarter-over-quarter. Gross profit was $20.82 billion with a gross profit margin of 22.32%. Operating income stood at $7.69 billion, reflecting an operating margin of 8.25%. Net income for the quarter totaled $5.46 billion, translating to an EPS of $5.90. A notable increase in engagement levels was highlighted, with Optum Health serving 4 million patients in value-based care arrangements, growing by 900,000 in 2023 alone. Management also reported a charge of approximately $7 billion related to the sale of their Brazil operations, expected to impact future results but classified as non-cash.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	93.25B	13.81%	2.06%
Gross Profit	20.82B	3.97%	-7.00%
Operating Income	7.69B	11.58%	-9.82%
Net Income	5.46B	14.58%	-6.61%
EPS	5.90	15.69%	-6.50%

Key Financial Ratios

Gross Profit Margin

Fair

22.30%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

8.25%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

5.85%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.96%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

6.15%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.79

Current ratio below safe levels, potential liquidity risk

Debt to Equity

Elevated

0.72

Debt-to-equity shows significant leverage, monitor debt levels

P/E Ratio

Fair Value

22.29x

P/E ratio in line with market averages

Price to Book

Premium

5.48x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	100,807.00	5.98	+8.1%	View
Q3 2024	99,177.00	6.51	+8.6%	View
Q2 2024	97,858.00	4.54	+6.6%	View
Q1 2024	98,785.00	-1.53	+8.4%	View
Q4 2023	93,248.00	5.83	+13.8%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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Sector Analysis: Healthcare

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