UnitedHealth Group Incorporated (UNH) Return on Invested Capital (ROIC): 8.23%
Is UnitedHealth Group Incorporated’s return on invested capital (ROIC) high or low?
UnitedHealth Group Incorporated's return on invested capital (ROIC) of 8.23% is 35% below its 5-year average of 12.63%, near the low end of its 5-year range (8.23%–14.29%).
The return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH) is 8.23% as of Wednesday, June 10, 2026. It is below its 12-month average by 19.90% (10.28%).
UNH Return on Invested Capital (ROIC) Chart
UNH Average Return on Invested Capital (ROIC) Chart
UNH Current vs Average Return on Invested Capital (ROIC) Chart
UNH Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
8.23%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
10.28%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.20%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
12.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
12.12%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.83%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.88%
CURRENT VS TTM AVG
-19.90%
CURRENT VS 3Y AVG
-32.54%
CURRENT VS 5Y AVG
-34.84%
CURRENT VS 10Y AVG
-32.12%
CURRENT VS 15Y AVG
-30.42%
CURRENT VS 20Y AVG
-30.71%
UNH Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| UnitedHealth Group Incorporated (UNH) | — | 8.23% | 10.28% | 12.20% | 12.63% |
| Elevance Health Inc. (ELV) | $87.43B | 6.65% | 6.70% | 7.11% | 7.33% |
| Cigna Corporation (CI) | $78.25B | 7.35% | 7.02% | 7.07% | 6.50% |
| Humana Inc. (HUM) | $43.78B | 3.12% | 3.25% | 5.37% | 7.01% |
| CVS Health Corporation (CVS) | $125.16B | 4.72% | 4.17% | 4.46% | 4.93% |
| Centene Corporation (CNC) | $31.94B | -13.41% | -4.17% | -0.53% | 0.76% |
Capital Efficiency
ROIC
8.2%
ROE
11.6%
UnitedHealth Group Incorporated Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
UnitedHealth Group Incorporated Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH)?
- The return on invested capital (ROIC) for UNH stock is 8.23%.
- Is UnitedHealth Group Incorporated's return on invested capital (ROIC) high or low?
- UnitedHealth Group Incorporated's return on invested capital (ROIC) of 8.23% is 35% below its 5-year average of 12.63%, near the low end of its 5-year range (8.23%–14.29%).
- What is the TTM average return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH)?
- The TTM average return on invested capital (ROIC) for UNH stock is 10.28%.
- What is the 3Y average return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH)?
- The 3Y average return on invested capital (ROIC) for UNH stock is 12.20%.
- What is the 5Y average return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH)?
- The 5Y average return on invested capital (ROIC) for UNH stock is 12.63%.
- What is the 10Y average return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH)?
- The 10Y average return on invested capital (ROIC) for UNH stock is 12.12%.
- What is the 15Y average return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH)?
- The 15Y average return on invested capital (ROIC) for UNH stock is 11.83%.
- What is the 20Y average return on invested capital (ROIC) for UnitedHealth Group Incorporated (UNH)?
- The 20Y average return on invested capital (ROIC) for UNH stock is 11.88%.
UnitedHealth Group Incorporated Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 8.23% |
| 2024-12-31 | 12.32% |
| 2023-12-31 | 14.29% |
| 2022-12-31 | 13.96% |
| 2021-12-31 | 13.85% |
| 2020-12-31 | 13.13% |
| 2019-12-31 | 13.44% |
| 2018-12-31 | 13.34% |
| 2017-12-31 | 12.84% |
| 2016-12-31 | 9.56% |
| 2015-12-31 | 8.41% |
| 2014-12-31 | 10.46% |
| 2013-12-31 | 10.94% |
| 2012-12-31 | 10.50% |
| 2011-12-31 | 12.17% |
| 2010-12-31 | 11.80% |
| 2009-12-31 | 10.72% |
| 2008-12-31 | 9.14% |
| 2007-12-31 | 14.56% |
| 2006-12-31 | 14.21% |
| 2005-12-31 | 11.56% |
| 2004-12-31 | 15.50% |
| 2003-12-31 | 18.87% |
| 2002-12-31 | 21.38% |
| 2001-12-31 | 17.10% |
| 2000-12-31 | 15.17% |
| 1999-12-31 | 12.05% |
| 1998-12-31 | -0.87% |
| 1997-12-31 | 9.10% |
| 1996-12-31 | 8.40% |
Related Metrics
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