Community Health Systems Inc. (CYH) intrinsic value & 10-year financials
Community Health Systems Inc. (CYH) has a Graham intrinsic value of $8.13 per share. At $2.88 on Oct 17, 2026, the stock trades 65% below that value. Over the last 10 fiscal years revenue shrank 4.2% a year to $12.5B, with an average return on invested capital of 4.1%.
- Graham intrinsic value
- $8.13
- Share price (Oct 17, 2026)
- $2.88
- Price vs Graham value
- 65% below
- Market cap
- $388.8M
- Revenue (FY2025)
- $12.5B
- Revenue growth (10-yr CAGR)
- -4.2%
- ROIC (10-yr avg)
- 4.1%
- Free cash flow (FY2025)
- $208.0M
CYH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $12.5B | $509.0M | $3.77 | $208.0M | 11.9% | 14.9% |
| FY2024 | $12.6B | -$516.0M | -$3.90 | $120.0M | 4.3% | 5.5% |
| FY2023 | $12.5B | -$133.0M | -$1.02 | -$257.0M | 7.7% | 4.7% |
| FY2022 | $12.2B | $46.0M | $0.35 | -$115.0M | 6.7% | 4.0% |
| FY2021 | $12.4B | $230.0M | $1.76 | -$600.0M | 11.3% | 9.3% |
| FY2020 | $11.8B | $511.0M | $4.39 | $1.7B | 9.6% | 11.3% |
| FY2019 | $13.2B | -$675.0M | -$5.93 | -$53.0M | 4.9% | 5.7% |
| FY2018 | $14.2B | -$788.0M | -$6.99 | -$253.0M | 1.5% | 1.7% |
| FY2017 | $15.4B | -$2.5B | -$22.00 | $209.0M | -12.2% | -11.1% |
| FY2016 | $18.4B | -$1.7B | -$15.54 | $393.0M | -4.7% | -5.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
COMMUNITY HEALTH SYSTEMS INC is facing top-line stagnation, with revenue contracting over the decade.
COMMUNITY HEALTH SYSTEMS INC has historically struggled to out-earn its cost of capital, averaging just 4.1% ROIC.
COMMUNITY HEALTH SYSTEMS INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, COMMUNITY HEALTH SYSTEMS INC is modeled at -3.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $8.13 per share.