Universal Health Services (UHS): financials, SEC filings and peers
Universal Health Services (UHS) is a health care facilities company in the Health Care sector of the S&P 500, headquartered in King of Prussia, Pennsylvania.
It was founded in 1979 and joined the S&P 500 on September 20, 2014.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Services-General Medical & Surgical Hospitals, NEC”.
Universal Health Services at a glance
- Revenue (12 months)
- $18.4B
- Revenue growth
- +8.0%
- Operating margin
- 10.8%
- Net income (12 months)
- $1.5B
- Free cash flow (12 months)
- $1.1B
- Cash
- $169M
- Debt
- $5.7B
- Diluted EPS (12 months)
- $23.88
Twelve months to September 30, 2026, from the 10-Q filed November 6, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Universal Health Services reported revenue of $18.4 billion, up 8.0% from a year earlier.
Its operating margin was 10.8%: for every $100 of sales, about $11 was left as operating profit.
Net income was $1.5 billion (8.0% of revenue), 6.3% higher than a year earlier.
Operating cash flow was $2.1 billion and capital spending $941 million, leaving free cash flow of $1.1 billion (6.1% of revenue).
At the end of the period it held $169 million in cash and $5.7 billion in debt, a net debt position of $5.5 billion.
The diluted share count fell 7.1% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $11.6 billion in fiscal 2020 to $17.4 billion in fiscal 2025, about 8.5% a year.
- Revenue has grown for 5 fiscal years in a row.
- Operating margin has been steady, around 11.5%.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $12.6B | $13.4B | $14.3B | $15.8B | $17.4B |
| Revenue growth | 9.4% | 6.0% | 6.6% | 10.8% | 9.7% |
| Operating margin | 10.8% | 7.5% | 8.2% | 10.6% | 11.5% |
| Net income | $992M | $676M | $718M | $1.1B | $1.5B |
| Free cash flow | $28M | $262M | $525M | $1.1B | $849M |
| Diluted EPS | $11.82 | $9.14 | $10.23 | $16.82 | $23.10 |
Fiscal years as reported in Universal Health Services’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 6, 2026 — quarterly report
- 8-K filed October 27, 2026 — Earnings results
- 8-K filed August 21, 2026 — Material agreement; New debt obligation
- 8-K filed August 17, 2026 — New debt obligation; Other event
- 8-K filed August 13, 2026 — Material agreement
- 10-Q filed August 7, 2026 — quarterly report
- 8-K filed July 28, 2026 — Earnings results
- 8-K filed July 21, 2026 — Material agreement; New debt obligation
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Questions about Universal Health Services
Is Universal Health Services's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $18.4 billion, up 8.0% from a year earlier, according to its SEC filings.
Is Universal Health Services profitable?
Yes. It earned $1.5 billion in net income over the twelve months to September 30, 2026, a net margin of 8.0%.
Does Universal Health Services have more cash or more debt?
At September 30, 2026 it had $169 million in cash and $5.7 billion in debt, so more debt than cash.
When did Universal Health Services last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 6, 2026.
Which companies are similar to Universal Health Services?
In the S&P 500, Universal Health Services is grouped in Health Care Facilities within the Health Care sector. HCA Healthcare (HCA) are in the same group.
Understand the numbers
Source: Universal Health Services’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 10, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.