← UnitedHealth Group Incorporated
Gross Margin
Percentage of revenue retained after cost of goods sold.
Latest Gross Margin: 16.3% (2025Q4); -4.8 pp YoY.
Chart and table show the latest 24 of 44 quarters.
Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Rule of 40
Quarterly Gross Margin Data
Chart and table show the latest 24 of 44 quarters.
| Period | Value |
|---|---|
| 2020Q1 | 24.4% |
| 2020Q2 | 32.1% |
| 2020Q3 | 23.9% |
| 2020Q4 | 24.1% |
| 2021Q1 | 25.2% |
| 2021Q2 | 24.0% |
| 2021Q3 | 23.8% |
| 2021Q4 | 23.9% |
| 2022Q1 | 23.9% |
| 2022Q2 | 24.4% |
| 2022Q3 | 24.7% |
| 2022Q4 | 25.2% |
| 2023Q1 | 24.7% |
| 2023Q2 | 24.6% |
| 2023Q3 | 25.3% |
| 2023Q4 | 23.3% |
| 2024Q1 | 23.1% |
| 2024Q2 | 22.3% |
| 2024Q3 | 22.8% |
| 2024Q4 | 21.1% |
| 2025Q1 | 21.7% |
| 2025Q2 | 17.9% |
| 2025Q3 | 18.2% |
| 2025Q4 | 16.3% |
Healthcare Comparison
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Other UNH Charts
More quarter-by-quarter fundamentals for UnitedHealth Group Incorporated
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