UNH vs. VEEV: UnitedHealth vs. Veeva Systems Stock Comparison

November 11, 2026

How do UnitedHealth (UNH) and Veeva Systems (VEEV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

UnitedHealth (UNH) and Veeva Systems (VEEV) both fall under the Health Care Equipment & Services industry group, but UNH is classified in Health Care Providers & Services while VEEV is classified in Health Care Technology.

Company profile comparison for UnitedHealth (UNH) and Veeva Systems (VEEV)
Profile Item	UNH	VEEV
Name	UnitedHealth Group Inc.	Veeva Systems Inc.
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services	Health Care Technology
GICS Sub-Industry	Managed Health Care	Health Care Technology
Market Capitalization	353.17 billion USD	49.18 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 17, 1984	October 16, 2013
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

UNH

VEEV

GSPC

UnitedHealth (UNH) vs. Veeva Systems (VEEV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for UnitedHealth (UNH) and Veeva Systems (VEEV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for UnitedHealth (UNH) and Veeva Systems (VEEV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
Total Return (1Y)	26.08%	3.92%
Total Return (3Y, Annualized)	-7.69%	22.52%
Total Return (5Y, Annualized)	-1.26%	-0.87%

Risk Profile

Drawdown History

UNH

VEEV

GSPC

UnitedHealth (UNH) vs. Veeva Systems (VEEV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for UnitedHealth (UNH) and Veeva Systems (VEEV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
Volatility (1Y, Annualized)	34.76%	43.36%
Beta (5Y)	0.52	0.88
Max Drawdown (5Y)	-61.39%	-52.79%
Avg. Volume (3M)	5.13M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

UNH and VEEV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
Sharpe Ratio (1Y)	0.63	-0.01
Sortino Ratio (1Y)	0.86	-0.01

Profitability

ROE (TTM)

Both UnitedHealth (UNH) at 15.77% and Veeva Systems (VEEV) at 14.43% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

UNH

Health Care Equipment & Services industry group

15.77%

Max: 47.61%
UNH: 15.77%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

VEEV

Health Care Equipment & Services industry group

14.43%

Max: 47.61%
VEEV: 14.43%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Veeva Systems (VEEV) at 29.35% retains a top-quartile share of revenue as profit, ahead of UnitedHealth (UNH) at 3.53%, which keeps about the industry-typical share.

UNH

Health Care Equipment & Services industry group

3.53%

Max: 29.35%
Q3: 9.33%
UNH: 3.53%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

VEEV

Health Care Equipment & Services industry group

29.35%

VEEV: 29.35%
Max: 29.35%
Q3: 9.33%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Veeva Systems (VEEV) at 29.64% operates in the top operating margin quartile, ahead of UnitedHealth (UNH) at 5.82%, which runs around its industry’s norm.

UNH

Health Care Equipment & Services industry group

5.82%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
UNH: 5.82%
Q1: -0.28%
Min: -16.29%

VEEV

Health Care Equipment & Services industry group

29.64%

Max: 35.43%
VEEV: 29.64%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
ROE (TTM)	15.77%	14.43%
ROA (TTM)	5.24%	7.58%
Net Margin (TTM)	3.53%	29.35%
Operating Margin (TTM)	5.82%	29.64%
Gross Margin (TTM)	20.05%	74.96%

Growth

Revenue Growth

Both UnitedHealth (UNH) at 11.81% and Veeva Systems (VEEV) at 16.34% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both UnitedHealth (UNH) at -14.70% and Veeva Systems (VEEV) at 25.93% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
Revenue Growth (YoY)	11.81%	16.34%
Revenue Growth (3Y CAGR)	11.35%	14.03%
EPS Growth (YoY)	-14.70%	25.93%
EPS Growth (3Y CAGR)	-14.52%	21.94%

Financial Strength

Current Ratio (MRQ)

Veeva Systems (VEEV) at 5.46 carries current ratio above its industry’s typical mid-range, while UnitedHealth (UNH) at 0.74 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

UNH

Health Care Equipment & Services industry group

0.74

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
UNH: 0.74
Min: 0.30

VEEV

Health Care Equipment & Services industry group

5.46

Max: 7.59
VEEV: 5.46
Q3: 4.00
Median: 1.98
Q1: 1.37
Min: 0.30

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Veeva Systems (VEEV) at 0.02 keeps leverage in the lower industry quartile, while UnitedHealth (UNH) at 0.70 runs a more typical debt-to-equity mix.

UNH

Health Care Equipment & Services industry group

0.70

Max: 1.88
Q3: 0.91
UNH: 0.70
Median: 0.58
Q1: 0.16
Min: 0.00

VEEV

Health Care Equipment & Services industry group

0.02

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
VEEV: 0.02
Min: 0.00

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
Current Ratio (MRQ)	0.74	5.46
Debt / Equity (MRQ)	0.70	0.02
Net Debt / EBITDA	1.58	-6.59

Dividends

Dividend Yield (TTM)

Veeva Systems (VEEV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile UnitedHealth (UNH) reports a yield of 2.29%, ranking against industry peers normally.

UNH

Health Care Equipment & Services industry group

2.29%

UNH: 2.29%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

VEEV

Health Care Equipment & Services industry group

0.00%

VEEV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Veeva Systems (VEEV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile UnitedHealth (UNH) reports a payout of 51.71%, ranking against industry peers normally.

UNH

Health Care Equipment & Services industry group

51.71%

UNH: 51.71%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

VEEV

Health Care Equipment & Services industry group

0.00%

VEEV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
Dividend Yield (TTM)	2.29%	0.00%
Dividend Payout Ratio (TTM)	51.71%	0.00%

Valuation

P/E Ratio (TTM)

UnitedHealth (UNH) at 22.50 is near its industry’s usual P/E ratio, while Veeva Systems (VEEV) at 49.79 sits in the richer quartile — VEEV needs stronger growth or earnings quality to justify the premium.

UNH

Health Care Equipment & Services industry group

22.50

Max: 80.41
Q3: 47.62
Median: 29.93
UNH: 22.50
Q1: 21.19
Min: 4.21

VEEV

Health Care Equipment & Services industry group

49.79

Max: 80.41
VEEV: 49.79
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

UnitedHealth (UNH) at 0.78 sits in the cheaper P/S ratio quartile while Veeva Systems (VEEV) at 14.22 prices above its industry range — a wide gap in sales valuation between them.

UNH

Health Care Equipment & Services industry group

0.78

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
UNH: 0.78
Min: 0.03

VEEV

Health Care Equipment & Services industry group

14.22

VEEV: 14.22
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

UnitedHealth (UNH) at 3.60 is valued about in line with its industry on P/B ratio, while Veeva Systems (VEEV) at 6.61 carries an above-peer premium to book — VEEV is pricier on assets.

UNH

Health Care Equipment & Services industry group

3.60

Max: 11.68
Q3: 6.12
UNH: 3.60
Median: 3.00
Q1: 1.73
Min: -1.31

VEEV

Health Care Equipment & Services industry group

6.61

Max: 11.68
VEEV: 6.61
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

UnitedHealth (UNH) vs. Veeva Systems (VEEV): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for UnitedHealth (UNH) and Veeva Systems (VEEV)
Metric	UNH	VEEV
P/E Ratio (TTM)	22.50	49.79
P/S Ratio (TTM)	0.78	14.22
P/B Ratio (MRQ)	3.60	6.61
Free Cash Flow Yield (TTM)	7.50%	2.56%