Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 32.74% is 41% above its 5-year average of 23.18%, near the high end of its 5-year range (16.34%–32.74%).
As of the fiscal period ended Tuesday, June 30, 2026. 51.58% above its 12-month average of 21.60%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
32.74%
GROSS MARGIN AVG TTM
21.60%
GROSS MARGIN AVG 3Y
22.11%
GROSS MARGIN AVG 5Y
23.62%
GROSS MARGIN AVG 10Y
23.72%
GROSS MARGIN AVG 15Y
24.04%
GROSS MARGIN AVG 20Y
24.01%
CURRENT VS TTM AVG
+51.58%
CURRENT VS 3Y AVG
+48.06%
CURRENT VS 5Y AVG
+38.57%
CURRENT VS 10Y AVG
+38.01%
CURRENT VS 15Y AVG
+36.19%
CURRENT VS 20Y AVG
+36.32%
SECTOR MEDIAN · HEALTHCARE
58.51%
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-44.05%
vs the sector median at left
UnitedHealth Group Incorporated
Market Cap
$382.09B
Gross Margin
32.74%
TTM Avg
21.60%
3Y Avg
22.11%
5Y Avg
23.62%
Market Cap
$81.91B
Gross Margin
25.56%
TTM Avg
26.70%
3Y Avg
26.59%
5Y Avg
26.68%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| UnitedHealth Group Incorporated (UNH) | $382.09B | 32.74% | 21.60% | 22.11% | 23.62% |
| Elevance Health Inc. (ELV)vs › | $81.91B | 25.56% | 26.70% | 26.59% | 26.68% |
| Cigna Corporation (CI)vs › | $76.60B | 9.30% | 9.98% | 11.47% | 12.36% |
| Humana Inc. (HUM)vs › | $46.74B | 14.01% | 14.54% | 16.14% | 17.03% |
| CVS Health Corp. (CVS)vs › | $137.47B | 13.87% | 13.78% | 14.92% | 15.96% |
| Centene Corp. (CNC)vs › | $31.31B | 14.93% | 11.28% | 11.33% | 11.71% |
Gross Margin
32.7%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 32.74% |
| 2026-03-31 | 22.74% |
| 2025-12-31 | 16.34% |
| 2025-09-30 | 18.24% |
| 2025-06-30 | 17.93% |
| 2025-03-31 | 21.70% |
| 2024-12-31 | 21.14% |
| 2024-09-30 | 22.84% |
| 2024-06-30 | 22.31% |
| 2024-03-31 | 23.05% |
| 2023-12-31 | 23.30% |
| 2023-09-30 | 25.32% |
| 2023-06-30 | 24.64% |
| 2023-03-31 | 24.67% |
| 2022-12-31 | 25.22% |
| 2022-09-30 | 24.67% |
| 2022-06-30 | 24.45% |
| 2022-03-31 | 23.88% |
| 2021-12-31 | 23.84% |
| 2021-09-30 | 23.82% |
| 2021-06-30 | 24.00% |
| 2021-03-31 | 25.24% |
| 2020-12-31 | 24.08% |
| 2020-09-30 | 23.87% |
| 2020-06-30 | 32.12% |
| 2020-03-31 | 24.42% |
| 2019-12-31 | 24.82% |
| 2019-09-30 | 24.33% |
| 2019-06-30 | 22.80% |
| 2019-03-31 | 23.19% |
| 2018-12-31 | 23.69% |
| 2018-09-30 | 24.19% |
| 2018-06-30 | 23.51% |
| 2018-03-31 | 23.81% |
| 2017-12-31 | 23.77% |
| 2017-09-30 | 23.95% |
| 2017-06-30 | 23.21% |
| 2017-03-31 | 22.51% |
| 2016-12-31 | 24.26% |
| 2016-09-30 | 24.04% |
| 2016-06-30 | 22.60% |
| 2016-03-31 | 22.95% |
| 2015-12-31 | 21.01% |
| 2015-09-30 | 23.25% |
| 2015-06-30 | 24.85% |
| 2015-03-31 | 24.76% |
| 2014-12-31 | 26.89% |
| 2014-09-30 | 26.59% |
| 2014-06-30 | 24.93% |
| 2014-03-31 | 23.99% |
| 2013-12-31 | 25.25% |
| 2013-09-30 | 25.63% |
| 2013-06-30 | 24.88% |
| 2013-03-31 | 23.37% |
| 2012-12-31 | 25.46% |
| 2012-09-30 | 26.39% |
| 2012-06-30 | 24.32% |
| 2012-03-31 | 24.59% |
| 2011-12-31 | 25.34% |
| 2011-09-30 | 24.10% |
| 2011-06-30 | 23.55% |
| 2011-03-31 | 23.30% |
| 2010-12-31 | 65.68% |
| 2010-09-30 | 24.52% |
| 2010-06-30 | 23.04% |
| 2010-03-31 | 23.14% |
| 2009-12-31 | 8.41% |
| 2009-09-30 | 8.88% |
| 2009-06-30 | 7.80% |
| 2009-03-31 | 8.64% |
| 2008-12-31 | 20.79% |
| 2008-09-30 | 9.19% |
| 2008-06-30 | 4.52% |
| 2008-03-31 | 9.54% |
| 2007-12-31 | 26.43% |
| 2007-09-30 | 26.62% |
| 2007-06-30 | 25.66% |
| 2007-03-31 | 23.30% |
| 2006-12-31 | 21.20% |
| 2006-09-30 | 24.76% |
| 2006-06-30 | 24.13% |
| 2006-03-31 | 23.67% |
| 2005-12-31 | 24.26% |
| 2005-09-30 | 27.70% |
| 2005-06-30 | 27.02% |
| 2005-03-31 | 26.95% |
| 2004-12-31 | 23.77% |
| 2004-09-30 | 27.17% |
| 2004-06-30 | 27.32% |
| 2004-03-31 | 27.93% |
| 2003-12-31 | 25.94% |
| 2003-09-30 | 28.52% |
| 2003-06-30 | 27.91% |
| 2003-03-31 | 27.60% |
| 2002-12-31 | 27.72% |
| 2002-09-30 | 27.82% |
