Operating Profit Margin
since 2005
Calculation
UnitedHealth Group Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Earnings from operations1 | ÷ | Revenues, customers1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 8.17% | = | 100 | × | 32,287) | ÷ | 395,076) |
| Dec 31, 2023 | 8.80% | = | 100 | × | 32,358) | ÷ | 367,533) |
| Dec 31, 2022 | 8.83% | = | 100 | × | 28,435) | ÷ | 322,132) |
| Dec 31, 2021 | 8.40% | = | 100 | × | 23,970) | ÷ | 285,273) |
| Dec 31, 2020 | 8.76% | = | 100 | × | 22,405) | ÷ | 255,639) |
| Dec 31, 2019 | 8.19% | = | 100 | × | 19,685) | ÷ | 240,269) |
| Dec 31, 2018 | 7.71% | = | 100 | × | 17,344) | ÷ | 224,871) |
| Dec 31, 2017 | 7.60% | = | 100 | × | 15,209) | ÷ | 200,136) |
| Dec 31, 2016 | 7.03% | = | 100 | × | 12,930) | ÷ | 184,012) |
| Dec 31, 2015 | 7.05% | = | 100 | × | 11,021) | ÷ | 156,397) |
| Dec 31, 2014 | 7.92% | = | 100 | × | 10,274) | ÷ | 129,695) |
| Dec 31, 2013 | 7.90% | = | 100 | × | 9,623) | ÷ | 121,744) |
| Dec 31, 2012 | 8.42% | = | 100 | × | 9,254) | ÷ | 109,938) |
| Dec 31, 2011 | 8.36% | = | 100 | × | 8,464) | ÷ | 101,208) |
| Dec 31, 2010 | 8.41% | = | 100 | × | 7,864) | ÷ | 93,546) |
| Dec 31, 2009 | 7.35% | = | 100 | × | 6,359) | ÷ | 86,546) |
| Dec 31, 2008 | 6.54% | = | 100 | × | 5,263) | ÷ | 80,415) |
| Dec 31, 2007 | 10.57% | = | 100 | × | 7,849) | ÷ | 74,287) |
| Dec 31, 2006 | 9.88% | = | 100 | × | 6,984) | ÷ | 70,671) |
| Dec 31, 2005 | 11.98% | = | 100 | × | 5,373) | ÷ | 44,866) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The data over the observed years presents several notable trends regarding earnings, revenues, and operating profit margins.
- Earnings from Operations
- Earnings exhibited general growth over the period, starting at $5,373 million in 2005 and increasing to a peak of $32,358 million in 2023 before a slight decrease to $32,287 million in 2024. Despite some fluctuations, particularly a decline in 2008, earnings consistently trended upwards, reflecting overall operational expansion and increased profitability in nominal terms.
- Revenues from Customers
- Revenue figures also showed a steady upward trajectory, growing significantly from $44,866 million in 2005 to $395,076 million in 2024. The increase was consistent each year without noticeable downturns, illustrating continuous growth in the customer base or expansion of sales activities. This sustained revenue increase highlights stronger market presence or demand for the company's services or products over time.
- Operating Profit Margin
- The operating profit margin percentage fluctuated throughout the period. It began at 11.98% in 2005, followed by a decline to a low of 6.54% in 2008, indicating reduced operational efficiency or increased expenses relative to revenues during that year. Post-2008, the margin showed some recovery, mostly stabilizing around 7% to 8% with slight variations, reaching 8.8% in 2023 before falling to 8.17% in 2024. This pattern suggests that while the company grew its earnings and revenues substantially, operational efficiency as measured by profit margin faced challenges and did not maintain early highs.
In summary, the financial data reveals consistent revenue growth and increasing operational earnings over two decades. However, operational profitability as a percentage of revenue experienced volatility, with a notable dip in the late 2000s and modest recovery thereafter, indicating potential pressures on cost management or margin sustainability despite higher sales and earnings volume.
Comparison to Competitors
UnitedHealth Group Inc., operating profit margin, long-term trends, comparison to competitors
| UnitedHealth Group Inc. | Abbott Laboratories | CVS Health Corp. | Intuitive Surgical Inc. | Medtronic PLC | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 8.17% | 16.27% | 2.30% | 28.12% | 15.89% |
| Dec 31, 2023 | 8.80% | 16.15% | 3.85% | 24.80% | 17.56% |
| Dec 31, 2022 | 8.83% | 19.16% | 2.41% | 25.35% | 18.15% |
| Dec 31, 2021 | 8.40% | 19.56% | 4.54% | 31.89% | 14.89% |
| Dec 31, 2020 | 8.76% | 15.48% | 5.19% | 24.09% | 16.57% |
| Dec 31, 2019 | 8.19% | 14.21% | 4.69% | 30.69% | 20.51% |
| Dec 31, 2018 | 7.71% | 11.94% | 2.07% | 32.21% | 22.20% |
| Dec 31, 2017 | 7.60% | 6.30% | 5.15% | 33.71% | 17.94% |
| Dec 31, 2016 | 7.03% | 15.27% | 5.84% | 34.95% | 18.35% |
| Dec 31, 2015 | 7.05% | 14.05% | 6.18% | 31.04% | 18.59% |
| Dec 31, 2014 | 7.92% | 12.84% | 6.31% | 25.56% | 22.42% |
| Dec 31, 2013 | 7.90% | 12.03% | 6.34% | 37.64% | 26.53% |
| Dec 31, 2012 | 8.42% | 20.28% | 5.87% | 40.30% | 0.00% |
| Dec 31, 2011 | 8.36% | 14.81% | 5.91% | 39.54% | 0.00% |
| Dec 31, 2010 | 8.41% | 17.31% | 6.39% | 39.29% | 0.00% |
| Dec 31, 2009 | 7.35% | 20.27% | 6.52% | 35.87% | 0.00% |
| Dec 31, 2008 | 6.54% | 19.28% | 6.91% | 35.53% | 0.00% |
| Dec 31, 2007 | 10.57% | 17.67% | 6.28% | 34.41% | 0.00% |
| Dec 31, 2006 | 9.88% | 9.09% | 5.57% | 28.81% | 0.00% |
| Dec 31, 2005 | 11.98% | 19.53% | 5.46% | 30.25% | 0.00% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).