Stock Analysis on Net

UnitedHealth Group Inc. (NYSE:UNH)

$24.99

Return on Equity (ROE)
since 2005

Microsoft Excel

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Calculation

UnitedHealth Group Inc., ROE, long-term trends, calculation

Microsoft Excel

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 financial performance exhibits a general upward trend in net earnings attributable to common shareholders over the examined period, with some fluctuations. Net earnings increased from $3,300 million in 2005 to a peak of $22,381 million in 2023, reflecting substantial growth. However, there is a notable decline in the 2024 figure, dropping to $14,405 million, indicating a significant reduction in net earnings compared to the prior year.

Shareholders’ equity attributable to the company also shows continuous growth throughout the period. Starting at $17,733 million in 2005, it increased steadily to $92,658 million by 2024. This consistent increase suggests strengthening equity positions and potential reinvestment of earnings or capital issuance over time.

The Return on Equity (ROE) percentage reveals patterns consistent with the changes in net earnings and equity. ROE rose from 18.61% in 2005 to a high of 25.87% in 2022, suggesting increasingly effective utilization of shareholders' equity to generate profits. However, the ROE dropped notably to 15.55% in 2024, indicating a decrease in profitability relative to equity during that most recent year.

Net Earnings
Overall growth with earnings peaking in 2023 before a sharp decline in 2024.
Shareholders’ Equity
Steady increase year-over-year, nearly quintupling over the period, reflecting firm capital base expansion.
Return on Equity (ROE)
Improvement from mid-teens to mid-twenties percent, indicative of stronger profit generation ability relative to equity, followed by a sharp decrease in the latest period.

In summary, the data indicates consistent growth and strengthening financial position over the majority of the period analyzed, with a pronounced downturn in profitability and net earnings in the final year. This decline warrants further investigation to identify causative factors and implications for future performance.


Comparison to Competitors

UnitedHealth Group Inc., ROE, long-term trends, comparison to competitors

Microsoft Excel

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).


Comparison to Sector (Health Care Equipment & Services)

UnitedHealth Group Inc., ROE, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

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).


Comparison to Industry (Health Care)