Universal Health Services UHS
UHS among the 162 companies we cover
Where it stands · the better end on the right. The band holds the middle half; the line is the median.
UHS and 9 peers, year by year
The 9 Health care companies closest to UHS in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
Choose the peers
| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| UHS Universal Health Services | FY2025 | $17.4B | +9.7% | - | 11.5% | 8.6% | 4.9% | 20.5% | 0.66 |
| IQV IQVIA | FY2025 | $16.3B | +5.9% | - | 13.4% | 8.3% | 12.6% | 20.9% | 2.42 |
| TEVA Teva Pharmaceutical Industries Ltd | FY2025 | $17.3B | +4.3% | 51.8% | 12.5% | 8.2% | 6.7% | 17.8% | 2.12 |
| REGN Regeneron Pharmaceuticals | FY2025 | $14.3B | +1.0% | - | 24.9% | 31.4% | 28.4% | 14.4% | 0.06 |
| BSX Boston Scientific | FY2025 | $20.1B | +19.9% | 69.0% | 18.0% | 14.4% | 18.2% | 12.0% | 0.47 |
| BTSG BrightSpring Health Services, Inc. | FY2025 | $12.9B | +28.2% | 11.8% | 2.3% | 1.5% | 3.1% | 10.2% | 1.34 |
| GEHC GE HealthCare | FY2025 | $20.6B | +4.8% | 40.0% | 13.4% | 10.1% | 7.3% | 20.1% | 1.01 |
| VTRS Viatris | FY2025 | $14.3B | −3.0% | 35.1% | −18.6% | −24.6% | 13.5% | −23.9% | 0.98 |
| LH Labcorp | FY2025 | $14.0B | +7.2% | 28.8% | 9.9% | 6.3% | 8.6% | 10.2% | 0.65 |
| THC Tenet Healthcare Corp | FY2025 | $21.3B | +3.1% | - | 16.5% | 6.6% | 11.9% | 33.3% | 3.12 |
Each company, year by year
Bars: revenue, each company on its own scale. Line: net margin, on one scale for all. FY2016 to FY2025 · 10-K XBRL
Who rewrote the most
Share of the words changed in Risk Factors and in MD&A, latest 10-K against the one before
Revenue, FY2016 to FY2025
Revenue as reported in the 10-K.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | $9.8B | $10.4B | $10.8B | $11.4B | $11.6B | $12.6B | $13.4B | $14.3B | $15.8B | $17.4B |
| IQV Dec | $6.9B | $9.7B | $10.4B | $11.1B | $11.4B | $13.9B | $14.4B | $15.0B | $15.4B | $16.3B |
| TEVA Dec | $21.9B | $22.4B | $18.3B | $16.9B | $16.7B | $15.9B | $14.9B | $15.8B | $16.5B | $17.3B |
| REGN Dec | $4.9B | $5.9B | $5.1B | $6.6B | $8.5B | $16.1B | $12.2B | $13.1B | $14.2B | $14.3B |
| BSX Dec | $9.1B | $9.0B | $9.8B | $10.7B | $9.9B | $11.9B | $12.7B | $14.2B | $16.7B | $20.1B |
| BTSG Dec | - | - | - | - | - | - | $7.7B | $7.7B | $10.1B | $12.9B |
| GEHC Dec | - | - | - | - | - | $17.6B | $18.3B | $19.6B | $19.7B | $20.6B |
| VTRS Dec | - | - | $11.4B | $11.5B | $11.9B | $17.9B | $16.3B | $15.4B | $14.7B | $14.3B |
| LH Dec | $9.6B | $10.3B | $11.3B | $11.6B | $14.0B | $13.1B | $11.9B | $12.2B | $13.0B | $14.0B |
| THC Dec | $21.1B | $20.6B | $18.3B | $18.5B | $17.6B | $19.5B | $19.2B | $20.6B | $20.7B | $21.3B |
| Peer median | $9.3B | $10.0B | $11.3B | $11.5B | $11.9B | $16.0B | $14.4B | $15.0B | $15.4B | $16.3B |
Sales growth, FY2016 to FY2025
Revenue against the fiscal year before.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | +8.0% | +6.6% | +3.5% | +5.6% | +1.6% | +9.4% | +6.0% | +6.6% | +10.8% | +9.7% |
| IQV Dec | +19.9% | +42.4% | +7.3% | +6.5% | +2.4% | +22.1% | +3.9% | +4.0% | +2.8% | +5.9% |
| TEVA Dec | +11.5% | +2.2% | −16.4% | −7.6% | −1.4% | −4.7% | −6.0% | +6.2% | +4.4% | +4.3% |
| REGN Dec | +18.4% | +20.8% | +14.3% | +27.4% | +29.6% | +89.1% | −24.3% | +7.8% | +8.3% | +1.0% |
| BSX Dec | +12.2% | +7.9% | +8.6% | +9.3% | −7.7% | +19.9% | +6.7% | +12.3% | +17.6% | +19.9% |
| BTSG Dec | - | - | - | - | - | - | - | +14.3% | +31.0% | +28.2% |
| GEHC Dec | - | - | - | - | - | - | +4.3% | +6.6% | +0.6% | +4.8% |
| VTRS Dec | - | - | - | +0.9% | +4.0% | +50.7% | −9.0% | −5.1% | −4.5% | −3.0% |
| LH Dec | +11.1% | +7.9% | +9.9% | +2.0% | +21.0% | +15.3% | −9.7% | +2.5% | +7.0% | +7.2% |
| THC Dec | - | −2.2% | −4.5% | +0.9% | −4.5% | +10.5% | −1.6% | +7.2% | +0.5% | +3.1% |
| Peer median | +12.2% | +7.9% | +7.9% | +2.0% | +2.4% | +19.9% | −3.8% | +6.6% | +4.4% | +4.8% |
Gross margin, FY2016 to FY2025
Gross profit / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | - | - | - | - | - | - | - | - | - | - |
| IQV Dec | - | - | - | - | - | - | - | - | - | - |
| TEVA Dec | 53.2% | 47.4% | 45.4% | 44.6% | 46.4% | 47.8% | 46.7% | 48.2% | 48.7% | 51.8% |
| REGN Dec | - | - | - | - | - | - | - | - | - | - |
| BSX Dec | 65.7% | 71.3% | 71.4% | 71.0% | 65.0% | 68.8% | 68.8% | 69.5% | 68.6% | 69.0% |
| BTSG Dec | - | - | - | - | - | - | 17.5% | 14.8% | 12.6% | 11.8% |
| GEHC Dec | - | - | - | - | - | 40.8% | 39.1% | 40.5% | 41.7% | 40.0% |
| VTRS Dec | - | - | 35.0% | 33.9% | 31.8% | 31.2% | 40.0% | 41.7% | 38.2% | 35.1% |
| LH Dec | 29.9% | 30.0% | 28.0% | 28.1% | 35.4% | 38.0% | 31.3% | 27.7% | 27.9% | 28.8% |
| THC Dec | - | - | - | - | - | - | - | - | - | - |
| Peer median | 53.2% | 47.4% | 40.2% | 39.3% | 40.9% | 40.8% | 39.5% | 41.1% | 39.9% | 37.5% |
Operating margin, FY2016 to FY2025
Operating income / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | 13.1% | 12.3% | 10.9% | 10.7% | 11.8% | 10.8% | 7.5% | 8.2% | 10.6% | 11.5% |
| IQV Dec | 8.4% | 6.8% | 7.1% | 7.0% | 6.4% | 10.0% | 12.5% | 13.2% | 14.3% | 13.4% |
| TEVA Dec | 9.8% | −78.1% | −9.0% | −2.6% | −21.4% | 10.8% | −14.7% | 2.7% | −1.8% | 12.5% |
| REGN Dec | 27.4% | 35.4% | 49.3% | 33.7% | 42.1% | 55.7% | 38.9% | 30.9% | 28.1% | 24.9% |
| BSX Dec | 4.9% | 14.2% | 15.3% | 14.1% | −0.8% | 10.1% | 13.0% | 16.5% | 15.5% | 18.0% |
| BTSG Dec | - | - | - | - | - | - | 2.4% | 0.8% | 1.1% | 2.3% |
| GEHC Dec | - | - | - | - | - | 15.9% | 13.8% | 12.5% | 13.3% | 13.4% |
| VTRS Dec | - | - | 7.9% | 6.2% | −1.8% | −0.2% | 9.9% | 5.0% | 0.1% | −18.6% |
| LH Dec | 13.3% | 12.7% | 11.7% | 11.5% | 17.5% | 23.2% | 12.1% | 6.0% | 8.4% | 9.9% |
| THC Dec | 5.9% | 5.4% | 8.9% | 8.3% | 11.3% | 14.7% | 12.2% | 12.2% | 28.8% | 16.5% |
| Peer median | 9.1% | 9.7% | 8.9% | 8.3% | 6.4% | 12.8% | 12.2% | 12.2% | 13.3% | 13.4% |
Net margin, FY2016 to FY2025
Net income / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | 7.2% | 7.2% | 7.2% | 7.2% | 8.2% | 7.8% | 5.0% | 5.0% | 7.2% | 8.6% |
| IQV Dec | 1.0% | 13.1% | 2.5% | 1.7% | 2.5% | 7.0% | 7.6% | 9.1% | 8.9% | 8.3% |
| TEVA Dec | 1.5% | −72.7% | −11.8% | −5.9% | −24.0% | 2.6% | −16.4% | −3.5% | −9.9% | 8.2% |
| REGN Dec | 18.4% | 20.4% | 47.5% | 32.3% | 41.3% | 50.2% | 35.6% | 30.1% | 31.1% | 31.4% |
| BSX Dec | 3.8% | 1.1% | 17.0% | 43.8% | −1.2% | 8.3% | 5.1% | 11.0% | 11.1% | 14.4% |
| BTSG Dec | - | - | - | - | - | - | −0.7% | −2.0% | −0.2% | 1.5% |
| GEHC Dec | - | - | - | - | - | 12.8% | 10.4% | 8.0% | 10.1% | 10.1% |
| VTRS Dec | - | - | 3.1% | 0.1% | −5.6% | −7.1% | 12.8% | 0.4% | −4.3% | −24.6% |
| LH Dec | 7.5% | 11.9% | 7.8% | 7.1% | 11.1% | 18.1% | 10.8% | 3.4% | 5.7% | 6.3% |
| THC Dec | −0.9% | −3.4% | 0.6% | −1.2% | 2.3% | 4.7% | 2.1% | 3.0% | 15.5% | 6.6% |
| Peer median | 2.7% | 6.5% | 3.1% | 1.7% | 2.3% | 7.6% | 7.6% | 3.4% | 8.9% | 8.2% |
Free cash flow, FY2016 to FY2025
Cash from operations minus capital spending.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | $813.9M | $690.1M | $609.8M | $804.4M | $1.6B | $28.0M | $262.0M | $524.7M | $1.1B | $849.2M |
| IQV Dec | $696.0M | $601.0M | $795.0M | $835.0M | $1.3B | $2.3B | $1.6B | $1.5B | $2.1B | $2.1B |
| TEVA Dec | $3.0B | $1.4B | $1.8B | $223.0M | $638.0M | $236.0M | $1.0B | $842.0M | $749.0M | $1.1B |
| REGN Dec | $974.0M | $1.0B | $1.8B | $2.0B | $2.0B | $6.5B | $4.4B | $3.9B | $3.7B | $4.1B |
| BSX Dec | $806.0M | $1.1B | −$6.0M | $1.4B | $1.1B | $1.3B | $938.0M | $1.8B | $2.6B | $3.7B |
| BTSG Dec | - | - | - | - | - | - | −$74.8M | $137.3M | −$57.1M | $394.7M |
| GEHC Dec | - | - | - | - | - | $1.4B | $1.8B | $1.7B | $1.6B | $1.5B |
| VTRS Dec | - | - | $2.1B | $1.6B | $988.8M | $2.6B | $2.6B | $2.5B | $2.0B | $1.9B |
| LH Dec | $918.2M | $1.2B | $925.6M | $1.0B | $1.8B | $2.7B | $1.5B | $874.1M | $1.1B | $1.2B |
| THC Dec | −$317.0M | $493.0M | $432.0M | $563.0M | $2.9B | $910.0M | $321.0M | $1.6B | $1.1B | $2.5B |
| Peer median | $862.1M | $1.1B | $925.6M | $1.0B | $1.3B | $1.8B | $1.5B | $1.6B | $1.6B | $1.9B |
FCF margin, FY2016 to FY2025
Free cash flow / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | 8.3% | 6.6% | 5.7% | 7.1% | 14.1% | 0.2% | 2.0% | 3.7% | 7.1% | 4.9% |
| IQV Dec | 10.1% | 6.2% | 7.6% | 7.5% | 11.8% | 16.6% | 11.0% | 10.0% | 13.7% | 12.6% |
| TEVA Dec | 13.6% | 6.0% | 9.8% | 1.3% | 3.8% | 1.5% | 7.0% | 5.3% | 4.5% | 6.7% |
| REGN Dec | 20.0% | 17.6% | 35.2% | 30.5% | 23.6% | 40.6% | 36.3% | 29.5% | 25.8% | 28.4% |
| BSX Dec | 8.9% | 12.2% | −0.1% | 12.8% | 11.4% | 11.1% | 7.4% | 12.6% | 15.8% | 18.2% |
| BTSG Dec | - | - | - | - | - | - | −1.0% | 1.8% | −0.6% | 3.1% |
| GEHC Dec | - | - | - | - | - | 7.7% | 9.9% | 8.8% | 7.9% | 7.3% |
| VTRS Dec | - | - | 18.3% | 13.8% | 8.3% | 14.3% | 15.9% | 16.4% | 13.4% | 13.5% |
| LH Dec | 9.6% | 11.5% | 8.2% | 9.0% | 12.5% | 20.5% | 12.9% | 7.2% | 8.4% | 8.6% |
| THC Dec | −1.5% | 2.4% | 2.4% | 3.0% | 16.3% | 4.7% | 1.7% | 7.9% | 5.4% | 11.9% |
| Peer median | 9.9% | 8.8% | 8.2% | 9.0% | 11.8% | 12.7% | 9.9% | 8.8% | 8.4% | 11.9% |
Return on equity, FY2016 to FY2025
Net income / shareholders' equity at the year end.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | 15.5% | 15.1% | 14.5% | 14.8% | 14.9% | 16.3% | 11.4% | 11.7% | 17.1% | 20.5% |
| IQV Dec | 0.8% | 16.0% | 3.9% | 3.2% | 4.6% | 16.0% | 18.9% | 22.2% | 22.6% | 20.9% |
| TEVA Dec | 1.0% | −93.7% | −14.6% | −7.2% | −39.8% | 4.1% | −31.3% | −7.4% | −30.5% | 17.8% |
| REGN Dec | 20.1% | 19.5% | 27.9% | 19.1% | 31.9% | 43.0% | 19.1% | 15.2% | 15.0% | 14.4% |
| BSX Dec | 5.2% | 1.5% | 19.1% | 33.9% | −0.8% | 5.9% | 3.7% | 8.1% | 8.5% | 12.0% |
| BTSG Dec | - | - | - | - | - | - | −7.1% | −26.4% | −1.1% | 10.2% |
| GEHC Dec | - | - | - | - | - | 13.5% | 20.5% | 22.0% | 23.6% | 20.1% |
| VTRS Dec | - | - | 2.9% | n/m | −2.9% | −6.2% | 9.9% | 0.3% | −3.4% | −23.9% |
| LH Dec | 12.9% | 18.0% | 12.5% | 10.8% | 16.5% | 23.1% | 12.7% | 5.3% | 9.3% | 10.2% |
| THC Dec | −46.0% | n/m | n/m | n/m | n/m | 88.9% | 36.0% | 38.0% | 76.7% | 33.3% |
| Peer median | 3.1% | 16.0% | 8.2% | 10.8% | 1.9% | 14.7% | 12.7% | 8.1% | 9.3% | 14.4% |
Debt / equity, FY2016 to FY2025
Total debt / shareholders' equity at the year end.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | 0.91 | 0.81 | 0.74 | 0.72 | 0.61 | 0.69 | 0.81 | 0.80 | 0.68 | 0.66 |
| IQV Dec | 0.84 | 1.28 | 1.64 | 1.94 | 2.09 | 2.01 | 2.21 | 2.24 | 2.30 | 2.42 |
| TEVA Dec | 0.98 | 1.66 | 1.97 | 1.93 | 2.59 | 2.24 | 2.72 | 2.64 | 3.31 | 2.12 |
| REGN Dec | - | - | - | 0.00 | 0.18 | 0.11 | 0.09 | 0.08 | 0.07 | 0.06 |
| BSX Dec | 0.80 | 0.80 | 0.81 | 0.72 | 0.60 | 0.55 | 0.51 | 0.47 | 0.49 | 0.47 |
| BTSG Dec | - | - | - | - | - | - | - | 5.75 | 1.58 | 1.34 |
| GEHC Dec | - | - | - | - | - | - | 0.88 | 1.46 | 1.24 | 1.01 |
| VTRS Dec | - | - | - | n/m | 1.13 | 1.13 | 0.91 | 0.89 | 0.75 | 0.98 |
| LH Dec | 1.05 | 0.99 | 0.85 | 0.87 | 0.61 | 0.53 | 0.53 | 0.64 | 0.79 | 0.65 |
| THC Dec | n/m | n/m | n/m | n/m | n/m | 15.22 | 13.20 | 9.33 | 3.16 | 3.12 |
| Peer median | 0.91 | 1.13 | 1.25 | 0.87 | 0.87 | 1.13 | 0.90 | 1.46 | 1.24 | 1.01 |
EPS (diluted), FY2016 to FY2025
Diluted earnings per share, on today's share count after splits.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| UHS Dec | $7.14 | $7.81 | $8.31 | $9.13 | $10.99 | $11.82 | $9.14 | $10.23 | $16.82 | $23.10 |
| IQV Dec | $0.47 | $5.74 | $1.24 | $0.96 | $1.43 | $4.95 | $5.72 | $7.29 | $7.49 | $7.84 |
| TEVA Dec | $0.07 | −$16.26 | −$2.35 | −$0.91 | −$3.64 | $0.38 | −$2.20 | −$0.50 | −$1.45 | $1.21 |
| REGN Dec | $7.70 | $10.34 | $21.29 | $18.46 | $30.52 | $71.97 | $38.22 | $34.77 | $38.34 | $41.48 |
| BSX Dec | $0.25 | $0.08 | $1.19 | $3.33 | −$0.08 | $0.69 | $0.45 | $1.07 | $1.25 | $1.94 |
| BTSG Dec | - | - | - | - | - | - | −$0.46 | −$1.31 | −$0.09 | $0.87 |
| GEHC Dec | - | - | - | - | - | $4.95 | $4.22 | $3.03 | $4.34 | $4.55 |
| VTRS Dec | - | - | $0.68 | $0.03 | −$1.11 | −$1.05 | $1.71 | $0.05 | −$0.53 | −$3.00 |
| LH Dec | $6.82 | $11.81 | $8.61 | $8.35 | $15.88 | $24.39 | $13.97 | $4.77 | $8.84 | $10.46 |
| THC Dec | −$1.93 | −$7.00 | $1.00 | −$2.08 | $3.75 | $8.42 | $3.79 | $5.71 | $32.70 | $15.49 |
| Peer median | $0.36 | $2.91 | $1.19 | $0.96 | $1.43 | $4.95 | $3.79 | $3.03 | $4.34 | $4.55 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out UHS and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more
Sources
Each company's 10-K, from SEC's XBRL company facts. Every number links to its filing in the Inline XBRL viewer.
Also
Financials: UHS's own statements, year by year. Compare: the whole peer group on one page.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/UHS/export.csv") into a cell.