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Universal Health Services UHS State Medicaid Programs — Revenue

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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

Reported directly by Universal Health Services in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The official record: Universal Health Services’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Universal Health Services's state medicaid programs — revenue?
Universal Health Services (UHS) reported state medicaid programs — revenue of $14M in Q4 2025.
How has Universal Health Services's state medicaid programs — revenue changed year-over-year?
Universal Health Services's state medicaid programs — revenue increased by 5.7% year-over-year, from $13.25M to $14M.
What is the long-term trend for Universal Health Services's state medicaid programs — revenue?
Over 4 years (2021 to 2025), Universal Health Services's state medicaid programs — revenue has grown at a -6.7% compound annual growth rate (CAGR), from $74M to $56M.
What does state medicaid programs — revenue mean?
This metric represents the total gross revenue generated from services provided to patients under state-administered Medicaid programs. It reflects the top-line contribution of this specific government-sponsored segment to the overall hospital or behavioral health business. It is a key indicator of the company's market share and service volume within the public healthcare sector.