UN
UnitedHealth Group
UNH · Healthcare
Company brief
UN
UNHHealthcare$500B

UnitedHealth Group

Diversified healthcare company operating UnitedHealthcare insurance and Optum health services. Largest health insurer in the US with integrated care delivery, pharmacy benefits, and data analytics.

Moat score
88/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$382
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
+44%

Positive price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
19.3x

Forward P/E around 19.3x means investors pay about $19.3 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
29.8x

A P/E around 29.8x means investors pay about $29.8 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$13.24
Market Cap
$358.8B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

UNH remains a large, integrated healthcare platform, and investors continue focusing on whether the business can convert that scale into steady growth at a reasonable forward multiple.

Watch signal

Forward P/E around 19.3x stays in line with the company’s growth and business quality.

What you own

UnitedHealth Group is exposure to unitedhealthcare with high switching costs and 105% net revenue retention.

Base thesis

Dual engine moat: UnitedHealthcare's 50M+ member base creates massive network effects; employers and providers join because others are there

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

Use the simulator to walk through the workflows, systems, and data dependencies investors are effectively buying.

Business Lines

What's Inside

4
Roles
8
Screens
3
Tours
Play as Maria Santos (Claims Operations)
Switch between Claims Operations, Care Management, Provider Services, Benefits
3 guided investor tours available
Investor Snapshot
88Moat Score
Net Revenue Retention105%
Retention RiskLow
AI Disruption RiskLow
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Dual engine moat: UnitedHealthcare's 50M+ member base creates massive network effects; employers and providers join because others are there
  • Optum integration creates data flywheel: claims, pharmacy, and care delivery data feeds clinical and financial analytics competitors cannot replicate
  • Regulatory moat: State-by-state insurance licensing, Medicare/Medicaid contracts, and provider network adequacy requirements create multi-year barriers to entry
  • Provider network lock-in: Credentialing 1.3M+ providers takes years; switching insurers means providers must re-credential with new payer—massive friction
  • 105% NRR reflects cross-sell from insurance to OptumRx, OptumCare, and OptumInsight; integrated offerings increase stickiness