Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States. It operates through Acute Care Hospital Services and Behavioral Health Care Services segments. The company's hospitals offer general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic and coronary care, pediatric, pharmacy, and/or behavioral health services. It also provides commercial health insurance services; capital resources; and various management services, including central purchasing, information services, finance and control systems, facilities planning, physician recruitment, administrative personnel management, marketing, and public relations services. Universal Health Services, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $17.4B | $2.7B | $1.5B | $825M | 20.5% | 9.7% | 30.4% |
| 2024 | $15.8B | $2.3B | $1.1B | $1.1B | 17.1% | 10.8% | 59.1% |
| 2023 | $14.3B | $1.7B | $718M | $525M | 11.7% | 6.6% | 6.2% |
| 2022 | $13.4B | $1.6B | $676M | $262M | 11.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 13,399.37 | 14,281.98 | 15,827.94 | 17,364.83 |
| Cost Of Revenue | 1,474.34 | 1,532.83 | 1,587.79 | 1,659.01 |
| Gross Profit | 11,925.03 | 12,749.15 | 14,240.15 | 15,705.82 |
| Operating Expense | 10,921.48 | 11,573.77 | 12,558.34 | 13,711.80 |
| Operating Income | 1,003.56 | 1,175.38 | 1,681.81 | 1,994.02 |
| EBITDA | 1,575.01 | 1,715.14 | 2,265.28 | 2,743.14 |
| EBIT | 993.15 | 1,147.10 | 1,680.45 | 2,124.40 |
| Pretax Income | 866.26 | 940.43 | 1,497.94 | 1,972.14 |
| Tax Provision | 209.28 | 221.12 | 334.83 | 460.96 |
| Net Income | 675.61 | 717.80 | 1,142.10 | 1,488.80 |
| Net Income Common Stockholders | 674.86 | 717.49 | 1,142.05 | 1,488.80 |
| Total Expenses | 12,395.82 | 13,106.60 | 14,146.12 | 15,370.81 |
| Interest Expense | 126.89 | 206.67 | 182.51 | 152.26 |
| Interest Income | 0.38 | 0.57 | 1.42 | 1.19 |
| Selling General And Administration | 6,893.88 | 7,248.51 | 7,665.12 | 8,232.82 |
| Normalized EBITDA | 1,575.01 | 1,715.14 | 2,265.28 | 2,743.14 |
| Normalized Income | 675.61 | 717.80 | 1,142.10 | 1,488.80 |
| Market Cap | 10,640.53 | 10,640.53 | 10,640.53 | 10,640.53 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Universal Health Services, Inc.this co. | UHS | $11.1B | 7.15β discount | 1.46 | 20.5% | 5.71 |
| STERIS plc | STE | $21.8B | 35.42 | 3.30 | 9.3% | 17.52 |
| Incyte Corporation | INCY | $18.5B | 14.64 | 3.65 | 24.9% | 8.96 |
| Waters Corporation | WAT | $18.4B | 47.33 | 11.88 | 25.1% | 30.39 |
| Zimmer Biomet Holdings, Inc. | ZBH | $18.1B |
| 25.05 |
| 1.39 |
| 5.6% |
| 11.09 |
| Align Technology, Inc. | ALGN | $13.7B | 33.09 | 3.35 | 10.1% | 15.31 |
| The Cooper Companies, Inc. | COO | $12.6B | 33.53 | 1.53 | 4.6% | 14.33 |
| Solventum Corporation | SOLV | $11.9B | 7.64 | 2.35 | 30.8% | 6.29 |
| DaVita Inc. | DVA | $11.3B | 13.41 | -15.38 | -114.7% | 8.41 |
| Peer Median | - | 29.07 | 2.83 | 9.7% | 12.71 | |