Humana vs UnitedHealth
UnitedHealth is the larger business, with $447.57bn of revenue in fiscal 2025 against $129.66bn for Humana (3.5 times as much). UnitedHealth grew faster (11.8% against 10.1%). UnitedHealth kept more of each dollar of sales as profit: a net margin of 2.7% against 0.9%. Humana carries less debt relative to equity (70.1% against 78.3%).
| Latest fiscal year | HumanaHUM, 2025 | UnitedHealthUNH, 2025 |
|---|---|---|
| Revenue | $129.66bn | $447.57bn |
| Revenue growth | 10.1% | 11.8% |
| Net income | $1.19bn | $12.06bn |
| Operating margin | 2.1% | 4.2% |
| Net margin | 0.9% | 2.7% |
| Return on equity | 7.0% | 12.2% |
| Free cash flow | $375m | $16.07bn |
| Cash | $4.20bn | $24.36bn |
| Total debt | $12.37bn | $78.39bn |
| Debt to equity | 70.1% | 78.3% |
| Dividend per share | $3.54 | $8.73 |
| Dividend yield | 0.9% | 2.2% |
| Share buybacks | $151m | $5.54bn |
| Employees | 67,060 | 390,000 |
| Market value | $50.68bn | $363.52bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 48 (Moderate) | 77 (Strong) |
| Insider trades, 12 months | 1 buys, 0 sales | 0 buys, 3 sales |