Universal Health Services
Operator of acute-care hospitals, behavioral-health facilities, outpatient sites and virtual mental-health care.
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Profile
Operates acute-care hospitals, behavioral-health facilities, outpatient and emergency sites, physician practices, health insurance and Talkspace virtual care. Revenue is split between acute care and behavioral health, with a U.S.-centered footprint supplemented by Puerto Rico, the United Kingdom and Ireland and meaningful exposure to government reimbursement.
Owns and operates acute-care hospitals, behavioral-health facilities and outpatient sites, alongside freestanding emergency departments, physician practices, health insurance and virtual therapy and psychiatry. Acute Care Hospital Services is the larger segment; Behavioral Health Care Services contributes a little under half of revenue. The footprint spans much of the United States, Puerto Rico, the United Kingdom and Ireland.
Growth centers on building or acquiring facilities in expanding markets and investing in staff, capacity and equipment. Talkspace adds virtual counseling, therapy and psychiatry to the behavioral network.
Demand, staffing and reimbursement shape facility economics. Medicare, Medicaid and other government programs set or influence payment, while UK behavioral facilities rely mainly on public-sector contracts. Revenue is concentrated in Texas, Nevada and California.
Company facts
Key statistics
Year to date −21.8% · Average volume (30d) 827.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | RBC Capital | Reiterate | Sector Perform | $190 | $183 | |
| Jul 30, 2026 | Goldman Sachs | Reiterate | Neutral | $219 | $190 | |
| Jul 29, 2026 | UBS | Target | $310 | $290 | ||
| Jul 29, 2026 | Guggenheim | Reiterate | Buy | $195 | $189 | |
| Jul 29, 2026 | Robert W. Baird | Target | $204 | $166 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 27, 2026Q2 FY26 | $5.94 | $5.98 | +0.7% | $4.58B | $4.64B | +1.3% | +4.34% |
| Apr 27, 2026Q1 FY26 | $5.29 | $5.62 | +6.2% | $4.39B | $4.50B | +2.5% | −9.45% |
| Feb 25, 2026Q4 FY25 | $5.92 | $5.88 | −0.7% | $4.50B | $4.49B | −0.4% | −11.44% |
| Oct 27, 2025Q3 FY25 | $4.66 | $5.69 | +22.1% | $4.50B | $4.50B | −0.2% | +2.47% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.10B | $4.28B | $4.50B | $4.49B | $4.50B | $4.64B | |
| Gross profit | $3.70B | $3.87B | $4.08B | $4.06B | $4.07B | $4.21B | |
| Operating income | $454.8M | $500.3M | $521.7M | $517.2M | $502.9M | $516.7M | |
| Net income | $316.7M | $353.2M | $373.0M | $445.9M | $348.7M | $358.4M | |
| Diluted EPS | $4.80 | $5.43 | $5.74 | $7.01 | $5.65 | $5.98 | |
| Gross margin | 90.2% | 90.2% | 90.8% | 90.6% | 90.5% | 90.9% | |
| Operating margin | 11.1% | 11.7% | 11.6% | 11.5% | 11.2% | 11.1% |
Fiscal years (4-quarter sums)FY21 $12.64B · FY22 $13.40B · FY23 $14.28B · FY24 $15.83B · FY25 $17.36B
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $138.8M · Total debt $5.26B · Total assets $15.94B · Shareholders' equity $7.51B
Dividends
Raised for 22 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 8, 2026 | Jun 8 | Jun 18 | $0.20 | |
| Mar 2, 2026 | Mar 2 | Mar 16 | $0.20 | |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.20 | |
| Sep 2, 2025 | Sep 2 | Sep 16 | $0.20 | |
| Jun 2, 2025 | Jun 2 | Jun 16 | $0.20 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.20 | |
| Dec 3, 2024 | Dec 3 | Dec 17 | $0.20 | |
| Sep 3, 2024 | Sep 3 | Sep 17 | $0.20 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 60.54M · Float 50.39M · 83.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Alan B. Miller · director, 10 percent owner, officer: Executive Chairman | 6.08M | 10.05% | Form 4 | May 29, 2026 |
| First Eagle Investment Management, LLC | 4.55M | 7.52% | 13F | Aug 24, 2026 |
| BlackRock, Inc. | 4.06M | 6.71% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 3.39M | 5.60% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.45M | 4.05% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 11, 2026 | Elliot J. Md Mba Sussman | director | −318 | $186.35 |
| Mar 13, 2026 | Elliot J. Md Mba Sussman | director | −356 | $193.37 |
| Nov 11, 2025 | Warren J. Nimetz | director | −3,817 | $223.30 |
| Oct 29, 2025 | Elliot J. Md Mba Sussman | director | −965 | $225.70 |
Peers
- HCA Healthcare
Largest public acute-care and outpatient hospital peer
- Acadia Healthcare
Direct behavioral-health specialist
- Tenet Healthcare
Acute-care and ambulatory-surgery peer
- Community Health Systems
Community-hospital and outpatient peer
- Ardent Health
Public acute-care substitute for private hospital systems
- LifeStance Health
Outpatient mental-health access peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Universal Health Services | $172.00 | +0.09% | $10.39B | 7.0 | 7.4 | 0.6 | +8.3% |
| HCA Healthcare | $417.82 | −0.00% | $90.46B | 14.0 | 13.6 | 1.2 | +8.7% |
| Acadia Healthcare | $28.55 | −0.04% | $2.66B | — | 17.2 | 0.8 | −0.4% |
| Tenet Healthcare | $266.80 | −0.05% | $21.48B | 10.3 | 13.0 | 1.0 | +6.8% |
| Community Health Systems | $2.94 | +0.17% | $413.2M | — | — | 0.0 | −9.8% |
| Ardent Health | $10.96 | −0.18% | $1.57B | 19.9 | 9.9 | 0.2 | −1.4% |
| LifeStance Health | $12.36 | +0.49% | $4.77B | 94.9 | 56.0 | 3.0 | +26.1% |
| Median | 17.0 | 13.6 | 0.9 | +3.2% |