CLOV vs UNH: Clover Health Investments and UnitedHealth Group compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- UnitedHealth Group is the larger company, worth $334.2B, about 135.5 times Clover Health Investments.
- Clover Health Investments grew revenue faster over the last year (+55.6% vs +0.4%).
- UnitedHealth Group keeps more of each dollar of revenue as operating profit (4.8% vs -0.7%).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | CLOV | UNH |
|---|---|---|
| Market cap | $2.5B | $334.2B |
| Share price | $4.79 | $379.30 |
| Revenue (last fiscal year) | $1.9B | $447.6B |
| Free cash flow (last fiscal year) | -$69M | $16.1B |
| Revenue growth, last year | +55.6% | +0.4% |
| Revenue growth per year, last 5 fiscal years | +6.9% | +11.7% |
| Operating margin | -0.74% | 4.8% |
| Net margin | -0.74% | 3.1% |
| Return on equity | -4.9% | 13.5% |
| P/E (trailing) | — | 27.7x |
| Price / free cash flow | — | 20.8x |
| EV / EBITDA | — | 15.0x |
| FCF growth the price implies | — | 5.5% |
| Dividend yield | — | 2.4% |
| Debt / equity | 0.91x | 1.95x |
| Fundamental grade | D | C |
| Superinvestors holding it | 1 | 21 |
| Insider purchases, last 12 months | 0 | 10 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Clover Health Investments
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $1.5B | -$283M | -43.3% |
| 2022 | $1.1B | -$208M | -26.1% |
| 2023 | $1.3B | -$145M | -16.3% |
| 2024 | $1.4B | $33M | -3.3% |
| 2025 | $1.9B | -$69M | -4.4% |
UnitedHealth Group
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $287.6B | $19.9B | 8.3% |
| 2022 | $324.2B | $23.4B | 8.8% |
| 2023 | $371.6B | $25.7B | 8.7% |
| 2024 | $400.3B | $20.7B | 8.1% |
| 2025 | $447.6B | $16.1B | 4.2% |
Where the revenue comes from
Clover Health Investments
No segment breakdown reported.
UnitedHealth Group · by segments, 2025
UnitedHealthcare$344.9B56%
Optum Rx$154.7B25%
Optum Health$102.0B16%
Optum Insight$19.4B3%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open CLOV in InvestinglyQuestions
Which is bigger, Clover Health Investments or UnitedHealth Group?
UnitedHealth Group (UNH), at $334.2B against $2.5B.
Which grows faster, CLOV or UNH?
Clover Health Investments: revenue grew +55.6% over the last year, against +0.4%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.