BRKR

Bruker Corporation

55
Fundamentals46/ 100
Valuation50/ 100
Upside potential61/ 100
Risk potential32/ 100

BRKR's outlook is improving, though it still trails on the overall score.

UNH

UnitedHealth Group Incorporated

62
Fundamentals51/ 100
Valuation56/ 100
Upside potential71/ 100
Risk potential15/ 100

UNH has the edge over BRKR overall, supported by lower modeled downside and stronger modeled upside.

BRKR Fundamentals

MetricStatus
Stable
Under pressure
Healthy
Weak

BRKR's cash flow is currently healthy, and its revenue is stable, but its profitability and balance sheet are under pressure.

UNH Fundamentals

MetricStatus
Stable
Stable
Healthy
Healthy

UNH's cash flow and balance sheet are currently healthy, and its revenue and profitability are stable.

BRKR PE Valuation

BRKR has no meaningful PE right now: it lost money over the past year.

UNH PE Valuation

CHEAPFAIREXPENSIVE10x21x31x42x
CHEAPFAIREXPENSIVE10x21x31x42x
LevelPEPriceVs current
Forward18x$405—
Cheap19x$325-20%
Fair23x$410+1.2%
Current23x$405—
Expensive30x$526+30%

Historical ranges are pointers, not guarantees.

UNH's PE is in its fair range at 23x. If earnings grow as analysts expect, today's price would be 18x next year's earnings, in its cheap range.

BRKR Forward outlook

MetricOutlook
--
Strong growth
Stable
Strongly improving
Limited
High

Analysts expect BRKR's earnings to grow and its profitability to improve, with its revenue holding steady.

UNH Forward outlook

MetricOutlook
Strongly improving
Strong growth
Stable
Improving
Moderate
Low

Analysts expect UNH's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.

BRKR Risk to reward

ScenarioChangePrice
Upside+50%$90.52
Downside-32%$40.76

Calculated from the latest close: $60.33 on Nov 12.

BRKR trails UNH on modeled risk to reward, with less potential upside relative to its potential downside.

UNH Risk to reward

ScenarioChangePrice
Upside+36%$550.65
Downside-15%$346.07

Calculated from the latest close: $405.13 on Nov 12.

UNH has a better modeled risk to reward balance than BRKR, with more potential upside relative to its potential downside.

BRKR Earnings Per Share

Q4 2024: $0.76Q1 2025: $0.52Q2 2025: $0.52Q3 2025: $-0.16Q4 2025: $-0.15Q1 2026: $-0.24Q2 2026: $-0.70Q3 2026: $-1.10Forward: $2.34
Q4 2024: $0.76Q1 2025: $0.52Q2 2025: $0.52Q3 2025: $-0.16Q4 2025: $-0.15Q1 2026: $-0.24Q2 2026: $-0.70Q3 2026: $-1.10Forward: $2.34
QuarterTTM EPSYoY
Forward$2.34—
Q3 2026-$1.10-$0.94
Q2 2026-$0.70-235%
Q1 2026-$0.24-146%
Q4 2025-$0.15-120%
Q3 2022$1.82+3.4%
Q2 2022$1.80+17%
Q1 2022$1.85+40%
Q4 2021$1.81+77%

BRKR lost $1.10 per share over the past year, and its loss has widened in each of the last three quarters.

UNH Earnings Per Share

Q4 2023: $23.86Q1 2024: $16.38Q2 2024: $15.10Q3 2024: $15.37Q4 2024: $15.51Q1 2025: $23.89Q2 2025: $23.09Q3 2025: $19.17Q4 2025: $13.23Q1 2026: $13.28Q2 2026: $15.58Q3 2026: $17.55Forward: $22.65
Q4 2023: $23.86Q1 2024: $16.38Q2 2024: $15.10Q3 2024: $15.37Q4 2024: $15.51Q1 2025: $23.89Q2 2025: $23.09Q3 2025: $19.17Q4 2025: $13.23Q1 2026: $13.28Q2 2026: $15.58Q3 2026: $17.55Forward: $22.65
QuarterTTM EPSYoY
Forward$22.65+29%
Q3 2026$17.55-8.5%
Q2 2026$15.58-33%
Q1 2026$13.28-44%
Q4 2025$13.23-15%
Q3 2025$19.17+25%
Q2 2025$23.09+53%
Q1 2025$23.89+46%
Q4 2024$15.51-35%

UNH has the edge over BRKR on earnings quality, reporting a profit while its opponent remains loss making.

BRKR Quarterly Revenue

Q4 2023: $855MQ1 2024: $722MQ2 2024: $801MQ3 2024: $864MQ4 2024: $980MQ1 2025: $801MQ2 2025: $797MQ3 2025: $861MQ4 2025: $977MQ1 2026: $823MQ2 2026: $839MQ3 2026: $874M
Q4 2023: $855MQ1 2024: $722MQ2 2024: $801MQ3 2024: $864MQ4 2024: $980MQ1 2025: $801MQ2 2025: $797MQ3 2025: $861MQ4 2025: $977MQ1 2026: $823MQ2 2026: $839MQ3 2026: $874M
QuarterRevenueYoY
Q3 2026$874M+1.6%
Q2 2026$838.5M+5.2%
Q1 2026$823.4M+2.7%
Q4 2025$977.2M-0.2%
Q3 2025$860.5M-0.5%
Q2 2025$797.4M-0.4%
Q1 2025$801.4M+11%
Q4 2024$979.6M+15%

BRKR's revenue grew through 2024 and has held roughly level since: $874M last quarter, up 1.6% from the same quarter a year ago.

UNH Quarterly Revenue

Q4 2023: $94.4BQ1 2024: $99.8BQ2 2024: $98.9BQ3 2024: $101BQ4 2024: $101BQ1 2025: $110BQ2 2025: $112BQ3 2025: $113BQ4 2025: $113BQ1 2026: $112BQ2 2026: $112BQ3 2026: $113B
Q4 2023: $94.4BQ1 2024: $99.8BQ2 2024: $98.9BQ3 2024: $101BQ4 2024: $101BQ1 2025: $110BQ2 2025: $112BQ3 2025: $113BQ4 2025: $113BQ1 2026: $112BQ2 2026: $112BQ3 2026: $113B
QuarterRevenueYoY
Q3 2026$112.7B-0.4%
Q2 2026$112B+0.4%
Q1 2026$111.7B+2%
Q4 2025$113.2B+12%
Q3 2025$113.2B+12%
Q2 2025$111.6B+13%
Q1 2025$109.6B+9.8%
Q4 2024$100.8B+6.8%

UNH has the edge over BRKR on sales, with more consistent year-over-year improvement.

BRKR Free Cash Flow

Q4 2023: $174MQ1 2024: $400,000Q2 2024: −$24MQ3 2024: $6MQ4 2024: $153MQ1 2025: $39MQ2 2025: −$149MQ3 2025: −$54MQ4 2025: $207MQ1 2026: $47MQ2 2026: −$106MQ3 2026: $97M
Q4 2023: $174MQ1 2024: $400,000Q2 2024: −$24MQ3 2024: $6MQ4 2024: $153MQ1 2025: $39MQ2 2025: −$149MQ3 2025: −$54MQ4 2025: $207MQ1 2026: $47MQ2 2026: −$106MQ3 2026: $97M
QuarterFree cash flowYoY
Q3 2026$96.7M+$150.8M
Q2 2026-$106.2M+$42.6M
Q1 2026$47M+21%
Q4 2025$207.2M+35%
Q3 2025-$54.1M-1033%
Q2 2025-$148.8M-$125.3M
Q1 2025$39M+9650%
Q4 2024$153.3M-12%

BRKR's free cash flow has turned positive again: $245M over the past year, against −$11M the year before.

UNH Free Cash Flow

Q4 2023: −$6.2BQ1 2024: $401MQ2 2024: $5.9BQ3 2024: $13BQ4 2024: $1.5BQ1 2025: $4.6BQ2 2025: $6.3BQ3 2025: $5.1BQ4 2025: $160MQ1 2026: $8.1BQ2 2026: $10.3BQ3 2026: $4.3B
Q4 2023: −$6.2BQ1 2024: $401MQ2 2024: $5.9BQ3 2024: $13BQ4 2024: $1.5BQ1 2025: $4.6BQ2 2025: $6.3BQ3 2025: $5.1BQ4 2025: $160MQ1 2026: $8.1BQ2 2026: $10.3BQ3 2026: $4.3B
QuarterFree cash flowYoY
Q3 2026$4.3B-16%
Q2 2026$10.3B+63%
Q1 2026$8.1B+79%
Q4 2025$160M-89%
Q3 2025$5.1B-61%
Q2 2025$6.3B+6.9%
Q1 2025$4.6B+1037%
Q4 2024$1.5B+$7.6B

UNH still generates free cash flow, though less than at its 2022 peak: $22.8B over the past year.

BRKR Total Shares

Q2 2025: 152MQ3 2025: 152MQ4 2025: 152MQ1 2026: 153MQ2 2026: 152MQ3 2026: 153M
Q2 2025: 152MQ3 2025: 152MQ4 2025: 152MQ1 2026: 153MQ2 2026: 152MQ3 2026: 153M
PeriodChange %Net change
Quarterly+0.1%+200K shares
1 year+0.5%+700K shares
3 years-1.9%-2.9M shares

BRKR has 153M diluted shares, about the same as a year ago.

UNH Total Shares

Q4 2023: 938MQ1 2024: 922MQ2 2024: 928MQ3 2024: 930MQ4 2024: 929MQ1 2025: 918MQ2 2025: 910MQ3 2025: 908MQ4 2025: 911MQ1 2026: 910MQ2 2026: 906MQ3 2026: 902M
Q4 2023: 938MQ1 2024: 922MQ2 2024: 928MQ3 2024: 930MQ4 2024: 929MQ1 2025: 918MQ2 2025: 910MQ3 2025: 908MQ4 2025: 911MQ1 2026: 910MQ2 2026: 906MQ3 2026: 902M
PeriodChange %Net change
Quarterly-0.4%-4M shares
1 year-0.7%-6M shares
3 years-3.6%-34M shares
5 years-5.5%-53M shares
Available history-6.6%-64M shares

UNH has the edge over BRKR on shareholder dilution, with a more favorable share count trend.

BRKR Net Leverage

Q4 2023: 1.4xQ1 2024: 2.1xQ2 2024: 4.1xQ3 2024: 4.8xQ4 2024: 4.4xQ1 2025: 4.6xQ2 2025: 5.9xQ3 2025: 6.2xQ4 2025: 5.4xQ1 2026: 5.6xQ2 2026: 8.2xQ3 2026: 10.0x
Q4 2023: 1.4xQ1 2024: 2.1xQ2 2024: 4.1xQ3 2024: 4.8xQ4 2024: 4.4xQ1 2025: 4.6xQ2 2025: 5.9xQ3 2025: 6.2xQ4 2025: 5.4xQ1 2026: 5.6xQ2 2026: 8.2xQ3 2026: 10.0x
QuarterNet LeverageStatus
Q3 202610.0xHigh
Q2 20268.2xHigh
Q1 20265.6xHigh
Q4 20255.4xHigh
Q3 20256.2xHigh
Q2 20255.9xHigh
Q1 20254.6xHigh
Q4 20244.4xHigh

BRKR's net debt is about 10 years of its operating earnings (EBITDA), up from 6.2 years a year ago.

UNH Net Leverage

Q4 2023: 1.0xQ1 2024: 1.3xQ2 2024: 1.4xQ3 2024: 1.3xQ4 2024: 1.4xQ1 2025: 1.3xQ2 2025: 1.5xQ3 2025: 1.7xQ4 2025: 2.3xQ1 2026: 2.2xQ2 2026: 1.7xQ3 2026: 1.7x
Q4 2023: 1.0xQ1 2024: 1.3xQ2 2024: 1.4xQ3 2024: 1.3xQ4 2024: 1.4xQ1 2025: 1.3xQ2 2025: 1.5xQ3 2025: 1.7xQ4 2025: 2.3xQ1 2026: 2.2xQ2 2026: 1.7xQ3 2026: 1.7x
QuarterNet LeverageStatus
Q3 20261.7xHealthy
Q2 20261.7xHealthy
Q1 20262.2xModerate
Q4 20252.3xModerate
Q3 20251.7xHealthy
Q2 20251.5xHealthy
Q1 20251.3xHealthy
Q4 20241.4xHealthy

UNH has the edge over BRKR on leverage, with a lower net debt burden relative to earnings.

BRKR Weekly Momentum

MetricValueStatus
RSI55.3Neutral
Stochastic52.9Neutral

BRKR's weekly RSI is 55 (neutral) and its Stochastic is 53 (neutral).

UNH Weekly Momentum

MetricValueStatus
RSI56.4Neutral
Stochastic60.0Neutral

UNH's weekly RSI is 56 (neutral) and its Stochastic is 60 (neutral).

BRKR PE vs Healthcare Sector

MetricBRKRSector medianRelative
PEN/A26x—

BRKR has no meaningful PE right now: it lost money over the past year.

UNH PE vs Healthcare Sector

MetricUNHSector medianRelative
PE23x26x11% below
PE %472918 pts above

UNH is trading at 23x earnings, a 11% discount to the Healthcare sector's median of 26x.

BRKR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$59.71.1% above
20 week MA$59.12.1% above
50 week MA$50.420% above
100 week MA$46.430% above
200 week MA$58.33.6% above

BRKR has the edge over UNH on trend strength, trading above more of its moving averages.

UNH Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$394.22.8% above
20 week MA$400.51.2% above
50 week MA$361.212% above
100 week MA$376.07.8% above
200 week MA$446.69.3% below

UNH has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 9.3% below its 200-week average.

BRKR Yearly ROI

YearStart priceEnd priceROI
2020$51.0$54.3+6.6%
2021$54.3$80.3+48%
2022$80.3$66.5-17%
2023$66.5$73.5+10%
2024$73.5$58.4-21%
2025$58.4$48.0-18%
2026 YTD$48.0$60.3+26%

BRKR has the edge over UNH on returns for 2026, with the stronger performance.

UNH Yearly ROI

YearStart priceEnd priceROI
2020$296.0$340.8+15%
2021$340.8$495.4+45%
2022$495.4$531.3+7.3%
2023$531.3$526.5-0.9%
2024$526.5$510.0-3.1%
2025$510.0$331.8-35%
2026 YTD$331.8$405.1+22%

UNH has finished three years in a row lower, and it's up 22% so far in 2026.

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