What is the primary revenue source for Universal Health Services (UHS)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze UHS's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Universal Health Services's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Universal Health Services Makes Money: UHS Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

Revenue: USD 9.13B
Largest revenue segment share (Managed Care): 26.31%
Income tax expense: USD 224.97M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Income tax expenseProvision for income taxes · IncomeTaxExpenseBenefit
Largest revenue segment share (Managed Care)Managed Care · segment_value / revenue * 100
RevenueNet revenues · RevenueFromContractWithCustomerExcludingAssessedTax

Assets

Where is the money tied up, and how is the company financed?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

Property, plant and equipment: USD 7.14B
Goodwill: USD 3.98B
Accounts receivable: USD 2.80B
Shareholder equity: USD 7.58B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Accounts receivableAccounts receivable, net · AccountsReceivableNetCurrent
GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant and equipment, net, total · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 119.49% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 707.13M
Operating cash flow: USD 844.93M
Cash conversion: 119.49%
Free cash flow: USD 400.14M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income attributable to uhs · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 24.76M
Share repurchases: USD 484.60M
Stock issuance proceeds: USD 8.66M
Net shareholder return: USD 500.70M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsIssuance of common stock · ProceedsFromIssuanceOfCommonStock · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?