UnitedHealth Group (UnitedHealth Group) Gross Profit : $91,282 Mil (TTM As of Mar. 2024)

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What is UnitedHealth Group Gross Profit?

UnitedHealth Group's gross profit for the three months ended in Mar. 2024 was $23,005 Mil. UnitedHealth Group's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $91,282 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. UnitedHealth Group's gross profit for the three months ended in Mar. 2024 was $23,005 Mil. UnitedHealth Group's Revenue for the three months ended in Mar. 2024 was $99,796 Mil. Therefore, UnitedHealth Group's Gross Margin % for the quarter that ended in Mar. 2024 was 23.05%.

UnitedHealth Group had a gross margin of 23.05% for the quarter that ended in Mar. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of UnitedHealth Group was 26.06%. The lowest was 23.37%. And the median was 24.01%.

UnitedHealth Group Gross Profit Historical Data

The historical data trend for UnitedHealth Group's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UnitedHealth Group Gross Profit Chart

UnitedHealth Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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57,598.00

67,000.00

69,652.00

79,617.00

90,958.00

UnitedHealth Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Profit	Get a 7-Day Free Trial															22,681.00	22,887.00	23,388.00	22,002.00	23,005.00

Competitive Comparison of UnitedHealth Group's Gross Profit

For the Healthcare Plans subindustry, UnitedHealth Group's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

UnitedHealth Group's Gross Profit Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, UnitedHealth Group's Gross Profit distribution charts can be found below:

* The bar in red indicates where UnitedHealth Group's Gross Profit falls into.

UnitedHealth Group Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

UnitedHealth Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	371622	-	280664
	=	90,958

UnitedHealth Group's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	99796	-	76791
	=	23,005

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $91,282 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

UnitedHealth Group's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	23,005	/	99796
	=	23.05 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

UnitedHealth Group (NYSE:UNH) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

UnitedHealth Group had a gross margin of 23.05% for the quarter that ended in Mar. 2024 => Competition eroding margins

UnitedHealth Group Gross Profit Related Terms

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UnitedHealth Group (UnitedHealth Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » UnitedHealth Group Inc (NYSE:UNH) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

UNH:Peru UNH:Mexico 1UNH:Italy 0R0O:UK UNH:Germany UNH:Germany UNH:Germany UNH:Germany UNH:Canada UNHH34:Brazil UNH:Austria

Address

9900 Bren Road East, UnitedHealth Group Center, Minnetonka, MN, USA, 55343

Website

https://www.unitedhealthgroup.com

UnitedHealth Group is one of the largest private health insurers, providing medical benefits to about 53 million members globally, including 5 million outside the U.S. as of mid-2023. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers.

Executives

Stephen J Hemsley	director, officer: Pres & COO, UnitedHealth Grp	200 WASHINGTON AVE N, SUITE 200, MINNEAPOLIS MN 55401
Andrew Witty	director, officer: CEO, UHG	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Charles D. Baker	director	311 ARSENAL STREET, WATERTOWN MA 02472
Erin Mcsweeney	officer: EVP Chief People Officer	EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Kristen Gil	director	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Thomas E Roos	officer: Chief Accounting Officer	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Dirk C Mcmahon	officer: President & CEO, UHC	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
John F Rex	officer: EVP Chief Financial Officer	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Mcnabb Frederick William Iii	director	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Richard T Burke	director	3962 TOMAHAWK TRAIL, MEDINA MN 55340
Rupert M Bondy	officer: EVP & Chief Legal Officer	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Paul R Garcia	director	214 N TRYON STREET, CHARLOTTE NC 28202
Brian R Thompson	officer: CEO, UnitedHealthcare	C/O UNITEDHEALTH GROUP, 9900 BREN ROAD EAST, MN008-T502, MINNETONKA MN 55343
Timothy Patrick Flynn	director	JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Matthew W. Friedrich	officer: EVP & Chief Legal Officer	COGNIZANT TECHNOLOGY SOLUTIONS CORP., 500 FRANK W. BURR BLVD, TEANECK NJ 07666