Healthcare plans
8 companies · $1.27T combined revenue · $30.7B operating profit
The typical US-listed healthcare plans company grew revenue 12.2% and earnings -16.3% in its latest year, at a 1.9% operating margin, and 0 of 8 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 0% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more100%
- Operating leverage · Operating income growing faster than a growing revenue0%
- Margin expansion · Operating margin up 1 point or more0%
- Debt reduction · Debt down 5% or more, or net cash43%
Combined revenue · 8 companies reporting in US dollars
Combined operating margin
All 8 companies
| Median | – | 12.2% | -16.3% | 1.9% | 8.6% | 0.75x |
| UNHUnitedhealth | $448B | 11.8%▼ | -16.3% | 4.2%▲ | 9.7%▲ | 0.78x▼ |
| ELVElevance Health | $199B | 12.5%▲ | -5.3%▲ | 3.6%▲ | 8.9%▲ | 0.73x▲ |
| CICigna | $275B | 11.2%▼ | 73.5%▲ | 3.3%▲ | 9.1%▲ | 0.75x |
| HUMHumana | $130B | 10.1%▼ | -1.6%▲ | 2.1%▲ | 8.3%▼ | 0.70x▲ |
| CNCCentene | $175B | 20%▲ | -302%▼ | -4.4%▼ | -19%▼ | 0.87x▼ |
| MOHMolina Healthcare | $45.4B | 11.7%▼ | -60%▼ | 1.7%▼ | 9.5%▲ | 0.93x▼ |
| OSCROscar Health | $29M | 39%▲ | -1842%▼ | -1386%▼ | -27.1%▼ | 0.44x▲ |
| CLOVClover Health Investments | $1.9B | 40.3%▲ | – | -4.4%▼ | -25.7%▼ | – |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).