undamentalytics Newsletter

Managed Health Care stocks

8 US-listed companies in managed health care, with $1.03tn of combined revenue in their latest fiscal years. UnitedHealth Group is the largest ($447.6bn). The fastest grower with at least $100m of revenue in both years is Alignment Healthcare, Inc., up 46.1%. The median company grew 16.0% with a net margin of 0.4%.

Companies8
Combined revenue$1.03tn
Median revenue growth16.0%
Median net margin0.4%
Median return on equity3.2%
#CompanyRevenueGrowthNet marginROEFiscal year
1 UnitedHealth GroupUNH $447.6bn 11.8% 2.7% 12.2% 2025
2 Elevance HealthELV $199.1bn 12.5% 2.8% 13.3% 2025
3 Centene CorporationCNC $194.8bn 19.4% −3.4% −28.8% 2025
4 HumanaHUM $129.7bn 10.1% 0.9% 7.0% 2025
5 Molina Healthcare, Inc.MOH $45.4bn 11.7% 1.0% 11.0% 2025
6 Oscar Health, Inc.OSCR $11.7bn 27.5% −3.8% −44.5% 2025
7 Alignment Healthcare, Inc.ALHC $3.9bn 46.1% −0.0% −0.5% 2025
8 Clover Health Investments, Corp.CLOV $1.9bn 40.3% −4.4% −26.3% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other health care industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.