HUM Humana margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 37

Gross margin

13%

Operating margin

1.5%

EBITDA margin

2.1%

Net margin

0.8%

The Humana shows a gross margin of 13%, an operating margin of 1.5%, an EBITDA margin of 2.1%, and a net margin of 0.8%. Gross margin drove the decline across the available margins, decreasing by 1.9 percentage points.

HUM margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Humana's margins averaged 14.83% gross, 2.47% operating, 2.9% EBITDA, and 1.24% net. Each of the four current margins is below its three-year average.

HUM margin expansion

Year-over-year margin changes in percentage points

The biggest contraction was in gross margin, which fell by 1.9 percentage points. The other available margins also declined.

Gross margin expansion

-1.9pp

Operating margin expansion

-0.8pp

EBITDA margin expansion

-0.3pp

Net margin expansion

-0.2pp

HUM Gross margin

The average gross margin for Humana was 14.83% during the last 3 years. Against its three-year average, Humana's gross margin is currently 13%, 1.8 percentage points below its three-year average. The gross margin for Humana moved between 13% in Sep 2026 and 16.9% in Dec 2023.

HUM Operating margin

Across the last 3 years, Humana recorded an average operating margin of 2.47%. The current operating margin stands at 1.5%, 1 percentage points below its three-year average. The highest operating margin for Humana was 3.8% in Dec 2023, while the lowest was 1.5% in Sep 2026.

HUM EBITDA margin

Humana recorded an average EBITDA margin of 2.9% across the last 3 years. Compared with its three-year average, Humana's current EBITDA margin is 2.1% and is 0.8 percentage points below its three-year average. Over the last 3 years, Humana's EBITDA margin peaked at 4.5% in Dec 2023 and reached a low of 2.1% in Mar 2026.

HUM Net margin

Across the last 3 years, Humana recorded an average net margin of 1.24%. Humana's current net margin is 0.8% and is 0.4 percentage points below its three-year average. The highest net margin for Humana was 2.3% in Dec 2023, while the lowest was 0.8% in Mar 2026.

HUM margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 13%, HUM stands above its peers average but below the Healthcare sector and the industry average. Compared to its Healthcare sector average of 68.3%, Humana's gross margin is 81% lower.

HUM margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Humana's gross margin?

For the period ending Sep 30, 2026, HUM recorded a gross margin of 13%.

What is Humana's operating margin?

As of Sep 30, 2026, HUM has an operating margin of 1.5%.

What is Humana's EBITDA margin?

For the period ending Sep 30, 2026, HUM recorded an EBITDA margin of 2.1%.

What is Humana's net margin?

As of Sep 30, 2026, HUM has a net margin of 0.8%.

What are the average margins of HUM?

Over the past 3 years, HUM reported average margins of 14.8% gross, 2.5% operating, 2.9% EBITDA, and 1.2% net.

What are the highest historical margins of HUM?

Across the 5-year period, HUM posted its highest margins at 18.5% gross in Mar 2023, 4.5% operating in Jun 2023, 5.7% EBITDA in Jun 2022, and 3.5% net in Jun 2022.

What are the lowest historical margins of HUM?

Humana's lowest recorded margins during the past 5 years were 13% gross in Sep 2026, 1.5% operating in Sep 2026, 2.1% EBITDA in Mar 2026, and 0.8% net in Mar 2026.