Universal Health Services Inc. (UHS) intrinsic value & 10-year financials
Universal Health Services Inc. (UHS) has a Graham intrinsic value of $488.27 per share. At $185.10 on Oct 17, 2026, the stock trades 62% below that value. Over the last 10 fiscal years revenue grew 6.6% a year to $17.4B, with an average return on invested capital of 10.0%.
- Graham intrinsic value
- $488.27
- Share price (Oct 17, 2026)
- $185.10
- Price vs Graham value
- 62% below
- Market cap
- $11.9B
- Revenue (FY2025)
- $17.4B
- Revenue growth (10-yr CAGR)
- 6.6%
- ROIC (10-yr avg)
- 10.0%
- Free cash flow (FY2025)
- $849.2M
UHS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $17.4B | $1.5B | $23.10 | $849.2M | 11.5% | 12.8% |
| FY2024 | $15.8B | $1.1B | $16.82 | $1.1B | 10.6% | 11.4% |
| FY2023 | $14.3B | $717.8M | $10.23 | $524.7M | 8.2% | 8.0% |
| FY2022 | $13.4B | $675.6M | $9.14 | $262.0M | 7.5% | 7.1% |
| FY2021 | $12.6B | $991.6M | $11.82 | $28.0M | 10.8% | 10.5% |
| FY2020 | $11.6B | $944.0M | $10.99 | $1.6B | 11.8% | 10.9% |
| FY2019 | $11.4B | $814.9M | $9.13 | $804.4M | 10.7% | 9.9% |
| FY2018 | $10.8B | $779.7M | $8.31 | $675.9M | 10.9% | 9.9% |
| FY2017 | $10.4B | $752.3M | $7.81 | $625.1M | 12.3% | 9.8% |
| FY2016 | $9.8B | $702.4M | $7.14 | $768.5M | 13.1% | 9.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Universal Health Services has demonstrated mature, steady growth, with revenue compounding at 6.6% annually over the past decade.
Universal Health Services returns on capital have been average, hovering around 10.0% ROIC over the decade.
Over the decade, Universal Health Services shows that management has aggressively returned capital to shareholders by retiring 34.5% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Universal Health Services is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $488.27 per share.