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Net debt / EBITDA at other companies

Tenet Healthcare logo
Tenet HealthcareTHC
2.2×-0.1×
HCA Healthcare logo
HCA HealthcareHCA
3.1×-0.1×
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
3.4×-3.7×
Encompass Health Corporation logo
Encompass Health CorporationEHC
-0.4×
UnitedHealth Group logo
UnitedHealth GroupUNH
2.2×+0.8×
Cencora logo
CencoraCOR
2.6×+1.2×

Other financials

Income statement

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Revenue$4.5B+9.6%
Operating income$502.9M+10.6%
Net income$348.7M+10.1%
EPS (diluted)$5.65+17.7%

Balance sheet

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Cash & equivalents$119.0M-6.1%
Total debt$5.1B+0.6%
Total equity$7.5B+10.0%
Total assets$15.7B+5.4%

Cash flow

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Operating cash flow$401.6M+11.5%
CapEx$217.2M-9.1%
Free cash flow$184.5M+52.4%

Valuation

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Market cap$8.55B-10.5%
Enterprise value$13.55B-7.2%
P/E5.6×-2.4×
P/S0.5×-0.1×

Profitability

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Operating margin11.5%+0.6pp
Net margin8.6%+1.1pp
FCF margin5.1%-1.4pp

Returns & leverage

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Return on equity21.3%+3.0pp
Debt / equity0.7×-0.1×
Current ratio1.1×-0.2×

Where this comes from

Calculated from Universal Health Services’s reported figures.

Based on the most recent quarter.

The official record: Universal Health Services’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Universal Health Services's net debt / EBITDA?
Universal Health Services (UHS) reported net debt / EBITDA of 1.9× in Q1 2026.
How has Universal Health Services's net debt / EBITDA changed year-over-year?
Universal Health Services's net debt / EBITDA decreased by 11.6% year-over-year, from 2.1× to 1.9×.
What is the long-term trend for Universal Health Services's net debt / EBITDA?
Over 5 years (2020 to 2025), Universal Health Services's net debt / EBITDA has grown at a 3.9% compound annual growth rate (CAGR), from 1.6× to 2×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.