10x Insights
Loading account…
Companies / Health Care / UNITED THERAPEUTICS Corp
UTHR

UNITED THERAPEUTICS Corp

Health CarePharmaceutical Preparations
Ticker UTHRSILVER SPRING, MDFiscal year ends DecemberBook value per share $137.64Diluted shares 46.5M

United Therapeutics Corporation (NASDAQ: UTHR) is a biopharmaceutical company dedicated to developing innovative therapies for patients with serious diseases and unmet medical needs, with a particular focus on pulmonary arterial hypertension and organ transplantation technologies. The company operates as a public… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.18BFY2025
+10.6% year over year
Last 12 mo $3.15B
46.89%FY2025
−1 percentage points
Last 12 mo 44.44%
$1.33BFY2025
+11.7% year over year
Last 12 mo $1.31B
18.81%FY2025
+0.3 percentage points
Last 12 mo 20.48%
Cash & financing
$1.56BFY2025
+17.6% year over year
Last 12 mo $1.69B
$1.04BFY2025
−3.7% year over year
Last 12 mo $1.09B
0.00FY2025
Was 0.05× a year earlier
47.9MFY2025
−1.2% year over year
Last 12 mo 46.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What UNITED THERAPEUTICS Corp does

In the company’s own words

United Therapeutics Corporation (NASDAQ: UTHR) is a biopharmaceutical company dedicated to developing innovative therapies for patients with serious diseases and unmet medical needs, with a particular focus on pulmonary arterial hypertension and organ transplantation technologies. The company operates as a public benefit corporation with an explicit mission to transform the treatment of rare diseases and expand the availability of transplantable organs through innovative organ manufacturing technologies.

The company's commercial product portfolio generates the majority of revenues through pulmonary hypertension treatments. Tyvaso DPI and Nebulized Tyvaso, both formulations of treprostinil, represent the largest revenue contributor at 59 percent of total revenues. Remodulin, another treprostinil formulation for continuous infusion, accounts for 17 percent of revenues, while Orenitram, an oral prostacyclin analogue, represents 16 percent. The company also markets Adcirca, a phosphodiesterase type 5 inhibitor, and Unituxin, a monoclonal antibody for high-risk neuroblastoma, which together comprise approximately eight percent of revenues. These products are distributed through specialty pharmaceutical channels in the United States and internationally.

Beyond commercial pharmaceuticals, United Therapeutics operates an extensive research and development pipeline focused on expanding treatment options for pulmonary fibrosis conditions and developing next-generation therapies. The company is advancing clinical programs including ralinepag, an oral prostacyclin receptor agonist in phase 3 development, and nebulized treprostinil formulations for idiopathic pulmonary fibrosis and progressive pulmonary fibrosis.

The company's organ manufacturing and transplantation division represents a significant strategic initiative. This includes xenotransplantation programs developing gene-edited porcine organs, regenerative medicine platforms through subsidiaries Miromatrix and IVIVA focused on manufactured kidney and liver alternatives, and ex vivo lung perfusion services through Lung Bioengineering. The company also invests in sustainable organ delivery infrastructure, including electric and hydrogen-electric aircraft development partnerships.

United Therapeutics maintains operations across multiple locations including principal executive offices in Silver Spring, Maryland and Durham, North Carolina, with additional facilities supporting organ manufacturing, research, and clinical operations nationwide.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
SILVER SPRING, MD
Fiscal year end
December
CIK
1082554
SIC
2834

Financial performance, year by year

Fiscal 2013–2025 · USD
$-433.22M$552.94M$1.54B$2.53B$3.51B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns UNITED THERAPEUTICS Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

657
funds hold it
0 of 35
superinvestors hold it
$8.40B
held by funds, at market
35.6%
of shares held by funds

Largest fund holders · UNITED THERAPEUTICS Corp’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.63%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.28%of fund net assets
VANGUARD HEALTH CARE FUND
VGHCX · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.27%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do UNITED THERAPEUTICS Corp and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of UNITED THERAPEUTICS Corp's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in UNITED THERAPEUTICS Corp's last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.