UnitedHealth Group Incorporated (UNH) FCF Payout Ratio: 40.91%
Is UnitedHealth Group Incorporated’s FCF payout ratio high or low?
UnitedHealth Group Incorporated's FCF payout ratio of 40.91% is 31% above its 5-year average of 31.15%, around the middle of its 5-year range (22.78%–49.24%).
The FCF payout ratio for UnitedHealth Group Incorporated (UNH) is 40.91%. It is below its 12-month average by 4.45% (42.81%).
UNH FCF Payout Ratio Chart
UNH Average FCF Payout Ratio Chart
UNH Current vs Average FCF Payout Ratio Chart
UNH FCF Payout Ratio Metrics
FCF PAYOUT RATIO
40.91%
FCF PAYOUT RATIO AVG TTM
42.81%
FCF PAYOUT RATIO AVG 3Y
34.39%
FCF PAYOUT RATIO AVG 5Y
31.15%
FCF PAYOUT RATIO AVG 10Y
28.08%
FCF PAYOUT RATIO AVG 15Y
23.77%
FCF PAYOUT RATIO AVG 20Y
18.30%
CURRENT VS TTM AVG
-4.45%
CURRENT VS 3Y AVG
+18.97%
CURRENT VS 5Y AVG
+31.35%
CURRENT VS 10Y AVG
+45.67%
CURRENT VS 15Y AVG
+72.07%
CURRENT VS 20Y AVG
+123.60%
Payout Ratio Comparison
FCF Payout Ratio
40.9%
Earnings Payout Ratio
66.8%
Dividend Yield
2.18%
FCF Yield
5.32%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $16.07B | $7.92B | 49.2% |
| 2024 | $20.70B | $7.53B | 36.4% |
| 2023 | $25.68B | $6.76B | 26.3% |
| 2022 | $23.40B | $5.99B | 25.6% |
| 2021 | $19.89B | $5.28B | 26.5% |
| 2020 | $20.12B | $4.58B | 22.8% |
| 2019 | $16.39B | $3.93B | 24.0% |
| 2018 | $13.65B | $3.32B | 24.3% |
| 2017 | $11.57B | $2.77B | 24.0% |
| 2016 | $8.09B | $2.26B | 27.9% |
| 2015 | $8.18B | $1.79B | 21.8% |
| 2014 | $6.60B | $1.36B | 20.6% |
| 2013 | $5.83B | $1.06B | 18.1% |
| 2012 | $6.08B | $820.00M | 13.5% |
| 2011 | $5.95B | $651.00M | 10.9% |
| 2010 | $5.39B | $449.00M | 8.3% |
| 2009 | $4.89B | $36.00M | 0.7% |
| 2008 | $3.45B | $37.00M | 1.1% |
| 2007 | $5.01B | $40.00M | 0.8% |
| 2006 | $5.80B | $41.00M | 0.7% |
| 2005 | $3.82B | $19.00M | 0.5% |
| 2004 | $3.79B | $18.00M | 0.5% |
| 2003 | $2.65B | $9.00M | 0.3% |
| 2002 | $2.00B | $9.00M | 0.4% |
| 2001 | $1.42B | $9.00M | 0.6% |
| 2000 | $1.28B | $5.00M | 0.4% |
| 1999 | $993.00M | $6.00M | 0.6% |
| 1998 | $861.00M | $34.00M | 3.9% |
| 1997 | $496.00M | $35.00M | 7.1% |
| 1996 | $397.04M | $34.09M | 8.6% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
UnitedHealth Group Incorporated FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
UnitedHealth Group Incorporated FCF Payout Ratio FAQ
- What is the FCF payout ratio for UnitedHealth Group Incorporated (UNH)?
- The FCF payout ratio for UNH stock is 40.91%.
- Is UnitedHealth Group Incorporated's FCF payout ratio high or low?
- UnitedHealth Group Incorporated's FCF payout ratio of 40.91% is 31% above its 5-year average of 31.15%, around the middle of its 5-year range (22.78%–49.24%).
- What is the TTM average FCF payout ratio for UnitedHealth Group Incorporated (UNH)?
- The TTM average FCF payout ratio for UNH stock is 42.81%.
- What is the 3Y average FCF payout ratio for UnitedHealth Group Incorporated (UNH)?
- The 3Y average FCF payout ratio for UNH stock is 34.39%.
- What is the 5Y average FCF payout ratio for UnitedHealth Group Incorporated (UNH)?
- The 5Y average FCF payout ratio for UNH stock is 31.15%.
- What is the 10Y average FCF payout ratio for UnitedHealth Group Incorporated (UNH)?
- The 10Y average FCF payout ratio for UNH stock is 28.08%.
- What is the 15Y average FCF payout ratio for UnitedHealth Group Incorporated (UNH)?
- The 15Y average FCF payout ratio for UNH stock is 23.77%.
- What is the 20Y average FCF payout ratio for UnitedHealth Group Incorporated (UNH)?
- The 20Y average FCF payout ratio for UNH stock is 18.30%.
UnitedHealth Group Incorporated FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 49.24% |
| 2024-12-31 | 36.38% |
| 2023-12-31 | 26.33% |
| 2022-12-31 | 25.60% |
| 2021-12-31 | 26.55% |
| 2020-12-31 | 22.78% |
| 2019-12-31 | 23.99% |
| 2018-12-31 | 24.32% |
| 2017-12-31 | 23.96% |
| 2016-12-31 | 27.95% |
| 2015-12-31 | 21.82% |
| 2014-12-31 | 20.62% |
| 2013-12-31 | 18.11% |
| 2012-12-31 | 13.48% |
| 2011-12-31 | 10.94% |
| 2010-12-31 | 8.32% |
| 2009-12-31 | 0.74% |
| 2008-12-31 | 1.07% |
| 2007-12-31 | 0.80% |
| 2006-12-31 | 0.71% |
| 2005-12-31 | 0.50% |
| 2004-12-31 | 0.48% |
| 2003-12-31 | 0.34% |
| 2002-12-31 | 0.45% |
| 2001-12-31 | 0.63% |
| 2000-12-31 | 0.39% |
| 1999-12-31 | 0.60% |
| 1998-12-31 | 3.95% |
| 1997-12-31 | 7.06% |
| 1996-12-31 | 8.59% |
About UnitedHealth Group Incorporated
UnitedHealth Group Incorporated (UNH) operates as a comprehensive healthcare enterprise across the United States, structuring its diverse services into four key divisions: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment provides a wide array of health benefit plans and consumer-focused services. These offerings cater to a broad spectrum of clients, including large national corporations, public sector employers, mid-sized and small businesses, and individual consumers. It also delivers specialized health coverage and wellness programs tailored for individuals aged 50 and older, addressing their needs for preventive and acute care, chronic disease management, and other age-specific health issues. This division further encompasses Medicaid plans, children's health insurance, dental benefits, and various hospital and clinical services. Optum Health focuses on delivering direct healthcare solutions and management services. It facilitates access to networks of specialist care providers, offers health management programs, direct care delivery, consumer engagement initiatives, and financial services. Its diverse clientele includes individuals (served directly through care systems), employers, insurance payers, and government organizations. Optum Insight specializes in providing technology, information, and consulting services to the healthcare industry. Its offerings include software and data products, advisory consulting arrangements, and outsourced managed services. Clients span hospital systems, physicians, health plans, governmental bodies, life sciences companies, and other relevant organizations. Finally, Optum Rx handles the company's pharmaceutical care services. This segment manages retail pharmacy networks, provides home prescription delivery, and offers specialty and compounding pharmacy capabilities. Leveraging its purchasing power and clinical expertise, Optum Rx also develops advanced programs related to step therapy, formulary management, medication adherence, and integrated disease and drug therapy management. UnitedHealth Group Incorporated, founded in 1977, has its corporate headquarters located in Minnetonka, Minnesota.
- Sector
- Healthcare
- Industry
- Medical - Healthcare Plans
- CEO
- Stephen J. Hemsley