UnitedHealth Group Incorporated (UNH) — Capital Reinvestment Ratio
UnitedHealth Group Incorporated (UNH) has a Capital Reinvestment Ratio of 0.07x as of June 2026, meaning it reinvests 0% of its operating cash flow ($11.05 Billion) in capital expenditures ($799.00 Million). Check UNH intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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. For the full cash flow conversion analysis, see cash flow conversion of UnitedHealth Group Incorporated.
Annual Capital Reinvestment Ratio for UnitedHealth Group Incorporated (1989–2025)
Year-by-year Capital Reinvestment Ratio for UnitedHealth Group Incorporated from 1989 to 2025. See UnitedHealth Group Incorporated free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |