Flagship explainer

What drives UnitedHealth Group Incorporated’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity12%Tax burden82%net income ÷ pretax incomeInterest burden77%pretax ÷ operating incomeOperating margin4%operating income ÷ revenueAsset turnover1.47×revenue ÷ average assetsEquity multiplier3.06×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$12.1BFY2025
Income before tax$14.7BFY2025
Operating income$19.0BFY2025
$447.6BFY2025
Ending assets$309.6BFY2025
Beginning assets$298.3BFY2024
$100.1BFY2025
$98.3BFY2024
Source: · event Dec 31, 2025 · retrieved Aug 3, 2026
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