UnitedHealth Group Incorporated(UNH)
Medical - Healthcare Plans · Eden Prairie, MN
$400.84+0.00 (+0.00%)
Delayed quote: Sep 8, 2026, 4:00 PM EDT
Medical - Healthcare Plans · Eden Prairie, MN
Delayed quote: Sep 8, 2026, 4:00 PM EDT
Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 9.19% is 30% below its 5-year average of 13.07%, near the low end of its 5-year range (8.09%–14.71%).
As of the fiscal period ended Tuesday, June 30, 2026. 5.42% below its 12-month average of 9.71%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
9.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
9.71%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.80%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
13.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.70%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.91%
CURRENT VS TTM AVG
-5.42%
CURRENT VS 3Y AVG
-22.11%
CURRENT VS 5Y AVG
-29.68%
CURRENT VS 10Y AVG
-27.64%
CURRENT VS 15Y AVG
-22.34%
CURRENT VS 20Y AVG
-22.89%
SECTOR MEDIAN · HEALTHCARE
8.75%
median of 90 covered companies
CURRENT VS SECTOR MEDIAN
+5.06%
vs the sector median at left
UnitedHealth Group Incorporated
Market Cap
$364.02B
Return on Invested Capital (ROIC)
9.19%
TTM Avg
9.71%
3Y Avg
11.80%
5Y Avg
13.07%
Market Cap
$87.17B
Return on Invested Capital (ROIC)
6.34%
TTM Avg
6.70%
3Y Avg
7.11%
5Y Avg
7.33%
Market Cap
$72.89B
Return on Invested Capital (ROIC)
7.69%
TTM Avg
7.02%
3Y Avg
7.07%
5Y Avg
6.51%
Market Cap
$48.40B
Return on Invested Capital (ROIC)
4.52%
TTM Avg
3.25%
3Y Avg
5.37%
5Y Avg
7.01%
Market Cap
$122.58B
Return on Invested Capital (ROIC)
4.14%
TTM Avg
4.18%
3Y Avg
4.49%
5Y Avg
4.97%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| UnitedHealth Group Incorporated (UNH) | $364.02B | 9.19% | 9.71% | 11.80% | 13.07% |
| Elevance Health Inc. (ELV)vs › | $87.17B | 6.34% | 6.70% | 7.11% | 7.33% |
| Cigna Corporation (CI)vs › | $72.89B | 7.69% | 7.02% | 7.07% | 6.51% |
| Humana Inc. (HUM)vs › | $48.40B | 4.52% | 3.25% | 5.37% | 7.01% |
| CVS Health Corp. (CVS)vs › | $122.58B | 4.14% | 4.18% | 4.49% | 4.97% |
| Centene Corp. (CNC)vs › | $31.90B | -12.90% | -4.21% | -0.54% | 0.75% |
ROIC
9.2%
ROE
14.3%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-06-30 | 9.19% |
| 2026-03-31 | 8.09% |
| 2025-12-31 | 8.23% |
| 2025-09-30 | 10.51% |
| 2025-06-30 | 12.55% |
| 2025-03-31 | 13.21% |
| 2024-12-31 | 12.32% |
| 2024-09-30 | 12.00% |
| 2024-06-30 | 12.25% |
| 2024-03-31 | 12.60% |
| 2023-12-31 | 14.29% |
| 2023-09-30 | 14.33% |
| 2023-06-30 | 13.77% |
| 2023-03-31 | 13.07% |
| 2022-12-31 | 13.96% |
| 2022-09-30 | 14.71% |
| 2022-06-30 | 13.68% |
| 2022-03-31 | 13.77% |
| 2021-12-31 | 13.85% |
| 2021-09-30 | 12.52% |
| 2021-06-30 | 11.77% |
| 2021-03-31 | 13.89% |
| 2020-12-31 | 13.13% |
| 2020-09-30 | 14.33% |
| 2020-06-30 | 14.61% |
| 2020-03-31 | 12.28% |
| 2019-12-31 | 13.44% |
| 2019-09-30 | 12.79% |
| 2019-06-30 | 12.96% |
| 2019-03-31 | 13.34% |
| 2018-12-31 | 13.34% |
| 2018-09-30 | 14.61% |
| 2018-06-30 | 13.87% |
| 2018-03-31 | 13.15% |
| 2017-12-31 | 12.84% |
| 2017-09-30 | 11.02% |
| 2017-06-30 | 10.32% |
| 2017-03-31 | 9.52% |
| 2016-12-31 | 9.56% |
| 2016-09-30 | 9.09% |
| 2016-06-30 | 8.72% |
| 2016-03-31 | 8.46% |
| 2015-12-31 | 8.41% |
| 2015-09-30 | 8.80% |
| 2015-06-30 | 11.06% |
| 2015-03-31 | 10.92% |
| 2014-12-31 | 10.46% |
| 2014-09-30 | 10.34% |
| 2014-06-30 | 10.41% |
| 2014-03-31 | 10.62% |
| 2013-12-31 | 10.94% |
| 2013-09-30 | 10.63% |
| 2013-06-30 | 10.78% |
| 2013-03-31 | 9.94% |
| 2012-12-31 | 10.50% |
| 2012-09-30 | 12.16% |
| 2012-06-30 | 12.01% |
| 2012-03-31 | 11.77% |
| 2011-12-31 | 12.17% |
| 2011-09-30 | 11.73% |
| 2011-06-30 | 12.05% |
| 2011-03-31 | 11.81% |
| 2010-12-31 | 11.80% |
| 2010-09-30 | 11.70% |
| 2010-06-30 | 11.58% |
| 2010-03-31 | 11.21% |
| 2009-12-31 | 10.72% |
| 2009-09-30 | 10.40% |
| 2009-06-30 | 10.39% |
| 2009-03-31 | 9.08% |
| 2008-12-31 | 9.03% |
| 2008-09-30 | 10.77% |
| 2008-06-30 | 11.70% |
| 2008-03-31 | 13.96% |
| 2007-12-31 | 14.56% |
| 2007-09-30 | 15.46% |
| 2007-06-30 | 14.59% |
| 2007-03-31 | 14.39% |
| 2006-12-31 | 14.21% |
| 2006-09-30 | 13.33% |
| 2006-06-30 | 12.78% |
| 2006-03-31 | 11.98% |
| 2005-12-31 | 11.43% |
| 2005-09-30 | 17.40% |
| 2005-06-30 | 17.66% |
| 2005-03-31 | 16.59% |
| 2004-12-31 | 15.50% |
| 2004-09-30 | 12.90% |
| 2004-06-30 | 17.38% |
| 2004-03-31 | 15.74% |
| 2003-12-31 | 18.87% |
| 2003-09-30 | 25.12% |
| 2003-06-30 | 23.90% |