UHS

MKT CAP:$11B

Universal Health Services, Inc.

Market Cap

$11B

Healthcare·Medical - Care Facilities·🇺🇸 United States·NYSE

Healthcare·Medical·🇺🇸·NYSE

Stock Price

$181.18-$38.70 (-17.60%)

Apr 23, 2026

Company Details

Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. The company operates through Acute Care Hospital Services and Behavioral Health Care Se...

CEO

Marc D. Miller

IPO Date

Jul 9, 1981

Website

uhs.com

Key Metrics TTM

Revenue

$15.4B

+16.4% YoY

Net Income

$1.0B

EPS (Diluted)

$15.04

Free Cash Flow

$957M

Revenue / Share

$226.37

Gross Margin

89.8%

Operating Margin

10.0%

Net Margin

6.7%

FCF Margin

6.2%

P/S

0.7x

P/E

10.8x

Earnings Reports

Q4 2024

Apr 27, 2026

PENDING

Q3 2024

Nov 8, 2024

$4.0B+11.2%EPS $3.80

Q2 2024

Aug 8, 2024

$3.9BEPS $4.26

Q1 2024

May 8, 2024

$3.8B+10.8%EPS $3.82

FY 2023

Feb 27, 2024

$14.3BEPS $10.23

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 20	$3.1B	$2.7B	$414M
Q1 21	$3.0B	$2.7B	$296M
Q2 21	$3.2B	$2.9B	$439M
Q1 23	$3.5B	$3.1B	$279M
Q3 23	$3.6B	$3.2B	$285M
Q4 23	$3.7B	$3.3B	$331M
Q1 24	$3.8B	$3.4B	$389M
Q2 24	$3.9B	$3.5B	$436M
Q3 24	$4.0B	$3.6B	$384M

Valuation

Quarter	P/S	P/E
Q4 20	—	—
Q1 21	—	—
Q2 21	—	—
Q1 23	0.7x	8.9x
Q3 23	0.6x	9.9x
Q4 23	0.7x	11.9x
Q1 24	0.8x	14.5x
Q2 24	0.8x	13.0x
Q3 24	1.0x	14.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 20	$142M	-$40M
Q1 21	$72M	-$176M
Q2 21	$48M	-$188M
Q1 23	$291M	$122M
Q3 23	$162M	-$38M
Q4 23	$452M	$246M
Q1 24	$396M	$188M
Q2 24	$679M	$438M
Q3 24	$333M	$85M

Capital Expenditures

Quarter	CapEx
Q4 20	$182M
Q1 21	$248M
Q2 21	$235M
Q1 23	$169M
Q3 23	$200M
Q4 23	$206M
Q1 24	$209M
Q2 24	$241M
Q3 24	$248M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	+15.4%	+22.6%
Q4 23	+22.9%	+24.1%
Q1 24	+20.2%	+25.2%
Q2 24	+12.7%	+8.9%
Q3 24	+11.2%	+9.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 20	$16M	0.5%
Q1 21	$18M	0.6%
Q2 21	$19M	0.6%
Q1 23	$21M	0.6%
Q3 23	$22M	0.6%
Q4 23	$22M	0.6%
Q1 24	$20M	0.5%
Q2 24	$0	0.0%
Q3 24	$27M	0.7%

OpEx Breakdown

Quarter	G&A
Q4 20	$1.5B
Q1 21	$1.5B
Q2 21	$1.5B
Q1 23	$1.8B
Q3 23	$1.8B
Q4 23	$1.8B
Q1 24	$1.9B
Q2 24	$1.9B
Q3 24	$1.9B

Revenue Segments

Quarter	Acute Care Hospital Services	All Other Segments	Behavioral Health Services
Q1 21	$1.7B	$3M	$1.3B
Q2 21	$1.8B	$12M	$1.4B
Q1 23	$2.0B	$3M	$1.5B
Q3 23	$2.0B	$3M	$1.5B
Q4 23	$2.1B	$500.0K	$1.6B
Q1 24	$2.2B	$2M	$1.7B
Q2 24	$2.2B	$3M	$1.7B
Q3 24	$2.2B	$3M	$1.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$106M	$0	$106M
Q2 22	$133M	$0	$133M
Q3 22	$75M	$0	$75M
Q4 22	$103M	$0	$103M
Q1 23	$110M	$0	$110M
Q2 23	$79M	$0	$79M
Q3 23	$81M	$0	$81M
Q4 23	$119M	$0	$119M
Q1 24	$112M	$0	$112M
Q2 24	$129M	$0	$129M
Q3 24	$106M	$0	$106M
Q4 24	$126M	$0	$126M
Q1 25	$127M	$0	$127M
Q2 25	$138M	$0	$138M
Q3 25	$113M	$0	$113M
Q4 25	$138M	$0	$138M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 20	86M	—	—
Q1 21	86M	+0.2%	—
Q2 21	86M	-0.2%	—
Q1 23	71M	-16.5%	—
Q3 23	70M	-2.6%	-18.7%
Q4 23	69M	-1.5%	-20.1%
Q1 24	68M	-0.1%	-20.0%
Q2 24	68M	-0.8%	-5.0%
Q3 24	68M	+0.3%	-2.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 20	$34.7K	89K
Q1 21	$33.9K	89K
Q2 21	$35.9K	89K
Q1 23	$37.0K	94K
Q3 23	$38.0K	94K
Q4 23	$38.3K	97K
Q1 24	$39.7K	97K
Q2 24	$40.4K	97K
Q3 24	$41.0K	97K

Revenue / Employee