UnitedHealth Group Incorporated (UNH) — Capital Reinvestment Ratio
UnitedHealth Group Incorporated (UNH) has a Capital Reinvestment Ratio of 0.86x as of December 2025, meaning it reinvests 1% of its operating cash flow ($1.11 Billion) in capital expenditures ($948.00 Million). See UnitedHealth Group Incorporated free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
UnitedHealth Group Incorporated Capital Reinvestment Ratio (1989–2025)
This chart tracks UnitedHealth Group Incorporated's Capital Reinvestment Ratio across 37 annual periods.
Annual Capital Reinvestment Ratio for UnitedHealth Group Incorporated (1989–2025)
Year-by-year Capital Reinvestment Ratio for UnitedHealth Group Incorporated from 1989 to 2025. For live market cap and broader valuation context, see how much is UnitedHealth Group Incorporated worth.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.18x | $19.70 Billion | $3.62 Billion | ▲ +27.2% |
| 2024 | 0.14x | $24.20 Billion | $3.50 Billion | ▲ +24.1% |
| 2023 | 0.12x | $29.07 Billion | $3.39 Billion | ▲ +8.9% |
| 2022 | 0.11x | $26.21 Billion | $2.80 Billion | ▼ -2.7% |
| 2021 | 0.11x | $22.34 Billion | $2.45 Billion | ▲ +18.7% |
| 2020 | 0.09x | $22.17 Billion | $2.05 Billion | ▼ -17.5% |
| 2019 | 0.11x | $18.46 Billion | $2.07 Billion | ▼ -14.6% |
| 2018 | 0.13x | $15.71 Billion | $2.06 Billion | ▼ -11.8% |
| 2017 | 0.15x | $13.60 Billion | $2.02 Billion | ▼ -14.5% |
| 2016 | 0.17x | $9.79 Billion | $1.71 Billion | ▲ +9.0% |
| 2015 | 0.16x | $9.74 Billion | $1.56 Billion | ▼ -11.1% |
| 2014 | 0.18x | $8.05 Billion | $1.45 Billion | ▲ +8.2% |
| 2013 | 0.17x | $6.99 Billion | $1.16 Billion | ▲ +11.1% |
| 2012 | 0.15x | $7.16 Billion | $1.07 Billion | ▲ +2.4% |
| 2011 | 0.15x | $6.97 Billion | $1.02 Billion | ▲ +4.4% |
| 2010 | 0.14x | $6.27 Billion | $878.00 Million | ▲ +6.5% |
| 2009 | 0.13x | $5.62 Billion | $739.00 Million | ▼ -29.6% |
| 2008 | 0.19x | $4.24 Billion | $791.00 Million | ▲ +25.9% |
| 2007 | 0.15x | $5.88 Billion | $871.00 Million | ▲ +32.9% |
| 2006 | 0.11x | $6.53 Billion | $728.00 Million | ▼ -5.2% |
| 2005 | 0.12x | $4.33 Billion | $509.00 Million | ▲ +39.0% |
| 2004 | 0.08x | $4.13 Billion | $350.00 Million | ▼ -27.8% |
| 2003 | 0.12x | $3.00 Billion | $352.00 Million | ▼ -32.2% |
| 2002 | 0.17x | $2.42 Billion | $419.00 Million | ▼ -25.0% |
| 2001 | 0.23x | $1.84 Billion | $425.00 Million | ▲ +43.1% |
| 2000 | 0.16x | $1.52 Billion | $245.00 Million | ▼ -2.3% |
| 1999 | 0.16x | $1.19 Billion | $196.00 Million | ▼ -15.9% |
| 1998 | 0.20x | $1.07 Billion | $210.00 Million | ▼ -28.4% |
| 1997 | 0.27x | $683.00 Million | $187.00 Million | ▼ -6.8% |
| 1996 | 0.29x | $562.26 Million | $165.22 Million | ▲ +16.8% |
| 1995 | 0.25x | $434.27 Million | $109.23 Million | ▲ +3.1% |
| 1994 | 0.24x | $326.26 Million | $79.61 Million | ▲ +23.0% |
| 1993 | 0.20x | $278.80 Million | $55.30 Million | ▲ +67.4% |
| 1992 | 0.12x | $189.00 Million | $22.40 Million | ▼ -0.4% |
| 1991 | 0.12x | $126.90 Million | $15.10 Million | ▲ +153.4% |
| 1990 | 0.05x | $57.50 Million | $2.70 Million | ▼ -47.8% |
| 1989 | 0.09x | $41.10 Million | $3.70 Million | — |