UnitedHealth Group Incorporated — Earnings Quality Grade F
UNH · Healthcare
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 19 days, change -2 days YoY
AR growth 2.9% vs revenue growth 11.8%
Revenue grew 11.8% but CFFO declined -18.6%
Expense Quality
No material inventory
CapEx growth 3.5% vs revenue 11.8%. Normal
Insufficient data
Gross margin 18.5%, change -3.8pp. Stable
Cash Flow Quality
CFFO/NI = 1.63. Profits backed by cash
FCF $16.1B, FCF/NI = 1.33
Accruals ratio = -2.5%. Low accruals
Cash $28.1B covers only 36% of debt $78.4B
Balance Sheet Health
Goodwill+Intangibles $131.0B = 139% of equity. Over 50%
Debt/EBITDA = 3.4x. Healthy
Other assets 17.5% vs revenue 11.8%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 1% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
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Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25