COMMUNITY HEALTH SYSTEMS INC
CYH · Services-General Medical & Surgical Hospitals, NEC · 140.9M shares · +3%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $137M (gross $159M, SBC $22M)
Reference price $3.52 · est. market cap ~$497M — last insider sale, 2025-02-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D52Community Health Systems — heavily indebted hospital operator with net losses and negative equity.
Strengths
- Positive operating margin (75th pct) and free cash flow (78th)
Risks
- Net loss; negative book equity (D/E -7.5)
- Very high debt load; reimbursement/divestiture execution
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Negative equityNegative book equity (debt/equity -7.45)
- Strong balance sheetStrong balance sheet — $260M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
85.1%
Operating margin
11.9%
Net margin
4.1%
Return on equity
-36.5%
Return on assets
3.9%
ROIC
13.1%
Revenue growth (QoQ)
-4.5%
Debt / equity
-7.4×
Net debt / EBITDA
5.3×
Current ratio
1.5×
Free cash flow
$208M
EBITDA
$1.9B
Tangible book value
-$4.7B
Cash & investments
$260M
Stock comp / revenue
0.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-01 | Rice David V. | Grant | 30K | — |
| 2026-04-22 | Krishnan K Ranga | Option exercise | 47K | — |
| 2026-03-02 | SMITH WAYNE T | Gift | 19K | — |
| 2026-03-01 | Johnson Jason K | Grant | 90K | — |
| 2026-03-01 | Johnson Jason K | Tax withheld | 24K | $3.46 |
| 2026-03-01 | HAMMONS KEVIN J | Option exercise | 156K | — |
| 2026-03-01 | HAMMONS KEVIN J | Grant | 200K | — |
| 2026-03-01 | HAMMONS KEVIN J | Tax withheld | 97K | $3.46 |
| 2026-03-01 | Williams Hubert James | Option exercise | 9.8K | — |
| 2026-03-01 | Williams Hubert James | Option exercise | 21K | — |
| 2026-03-01 | Williams Hubert James | Option exercise | 20K | — |
| 2026-03-01 | Hirsch Elizabeth T | Option exercise | 9.8K | — |
| 2026-03-01 | Hirsch Elizabeth T | Option exercise | 21K | — |
| 2026-03-01 | Hirsch Elizabeth T | Option exercise | 20K | — |
| 2026-03-01 | FRY JOHN A | Option exercise | 9.8K | — |
| 2026-03-01 | FRY JOHN A | Option exercise | 21K | — |
| 2026-03-01 | FRY JOHN A | Option exercise | 20K | — |
| 2026-03-01 | Ely James S. III | Option exercise | 9.8K | — |
| 2026-03-01 | Ely James S. III | Option exercise | 21K | — |
| 2026-03-01 | Ely James S. III | Option exercise | 20K | — |
| 2026-03-01 | DINKINS MICHAEL | Option exercise | 9.8K | — |
| 2026-03-01 | DINKINS MICHAEL | Option exercise | 21K | — |
| 2026-03-01 | CLERICO JOHN A | Option exercise | 9.8K | — |
| 2026-03-01 | CLERICO JOHN A | Option exercise | 21K | — |
| 2026-03-01 | CLERICO JOHN A | Option exercise | 20K | — |
| 2026-03-01 | Brooks Susan W | Option exercise | 9.8K | — |
| 2026-03-01 | Brooks Susan W | Option exercise | 21K | — |
| 2026-03-01 | Brooks Susan W | Option exercise | 20K | — |
| 2026-03-01 | Pitt Justin D | Option exercise | 30K | — |
| 2026-03-01 | Pitt Justin D | Tax withheld | 25K | $3.46 |
| 2026-03-01 | Johnson Jason K | Option exercise | 30K | — |
| 2026-03-01 | Posey Phillip A. | Tax withheld | 1.2K | $3.46 |
| 2026-03-01 | Pitt Justin D | Grant | 40K | — |
| 2026-03-01 | STOCKTON KEVIN A | Option exercise | 50K | — |
| 2026-03-01 | STOCKTON KEVIN A | Grant | 30K | — |
| 2026-03-01 | STOCKTON KEVIN A | Tax withheld | 36K | $3.46 |
| 2026-03-01 | Posey Phillip A. | Grant | 25K | — |
| 2025-12-31 | Ely James S. III | Option exercise | 2.9K | — |
| 2025-06-01 | Brooks Susan W | Option exercise | 5.9K | — |
| 2025-03-01 | DINKINS MICHAEL | Option exercise | 9.8K | — |
| 2025-03-01 | DINKINS MICHAEL | Option exercise | 21K | — |
| 2025-03-01 | CLERICO JOHN A | Option exercise | 5.9K | — |
| 2025-03-01 | CLERICO JOHN A | Option exercise | 9.8K | — |
| 2025-03-01 | CLERICO JOHN A | Option exercise | 21K | — |
| 2025-03-01 | Brooks Susan W | Option exercise | 9.8K | — |
| 2025-03-01 | Brooks Susan W | Option exercise | 21K | — |
| 2025-03-01 | Williams Hubert James | Option exercise | 9.8K | — |
| 2025-03-01 | Hingtgen Tim | Option exercise | 34K | — |
| 2025-03-01 | Hingtgen Tim | Grant | 200K | — |
| 2025-03-01 | Hingtgen Tim | Tax withheld | 79K | $3.01 |
| 2025-03-01 | MEDLEY MARK B | Option exercise | 10K | — |
| 2025-03-01 | MEDLEY MARK B | Grant | 25K | — |
| 2025-03-01 | MEDLEY MARK B | Tax withheld | 16K | $3.01 |
| 2025-03-01 | MASON AUSTEN D | Option exercise | 10K | — |
| 2025-03-01 | MASON AUSTEN D | Grant | 25K | — |
| 2025-03-01 | CAMPBELL CHAD A | Option exercise | 10K | — |
| 2025-03-01 | CAMPBELL CHAD A | Grant | 25K | — |
| 2025-03-01 | CAMPBELL CHAD A | Tax withheld | 14K | $3.01 |
| 2025-03-01 | STOCKTON KEVIN A | Option exercise | 10K | — |
| 2025-03-01 | STOCKTON KEVIN A | Grant | 40K | — |
| 2025-03-01 | STOCKTON KEVIN A | Tax withheld | 18K | $3.01 |
| 2025-03-01 | Pitt Justin D | Option exercise | 6.3K | — |
| 2025-03-01 | Pitt Justin D | Grant | 40K | — |
| 2025-03-01 | Pitt Justin D | Tax withheld | 12K | $3.01 |
| 2025-03-01 | Johnson Jason K | Option exercise | 5.2K | — |
| 2025-03-01 | Johnson Jason K | Grant | 30K | — |
| 2025-03-01 | Johnson Jason K | Tax withheld | 13K | $3.01 |
| 2025-03-01 | HAMMONS KEVIN J | Option exercise | 25K | — |
| 2025-03-01 | HAMMONS KEVIN J | Grant | 90K | — |
| 2025-03-01 | HAMMONS KEVIN J | Tax withheld | 43K | $3.01 |
| 2025-03-01 | BENET MIGUEL S | Option exercise | 3.1K | — |
| 2025-03-01 | BENET MIGUEL S | Tax withheld | 11K | $3.01 |
| 2025-03-01 | SMITH WAYNE T | Option exercise | 30K | — |
| 2025-03-01 | Williams Hubert James | Option exercise | 5.9K | — |
| 2025-03-01 | Williams Hubert James | Option exercise | 21K | — |
| 2025-03-01 | Hirsch Elizabeth T | Option exercise | 5.9K | — |
| 2025-03-01 | Hirsch Elizabeth T | Option exercise | 9.8K | — |
| 2025-03-01 | Hirsch Elizabeth T | Option exercise | 21K | — |
| 2025-03-01 | FRY JOHN A | Option exercise | 5.9K | — |
| 2025-03-01 | FRY JOHN A | Option exercise | 9.8K | — |
| 2025-03-01 | FRY JOHN A | Option exercise | 21K | — |
| 2025-03-01 | Ely James S. III | Option exercise | 5.9K | — |
| 2025-03-01 | Ely James S. III | Option exercise | 9.8K | — |
| 2025-03-01 | Ely James S. III | Option exercise | 21K | — |
| 2025-03-01 | DINKINS MICHAEL | Option exercise | 5.9K | — |
| 2025-02-21 | BENET MIGUEL S | Sell | 24K | $3.52 |
| 2025-02-21 | SMITH WAYNE T | Gift | 20K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-01 | Acquisition/dispositionOtherExhibits | filing ↗ |
| 2026-05-13 | Shareholder vote | filing ↗ |
| 2026-05-06 | OtherExhibits | filing ↗ |
| 2026-04-23 | OtherExhibits | filing ↗ |
| 2026-04-21 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-01 | Acquisition/dispositionOtherExhibits | filing ↗ |
| 2026-03-05 | Material agreementOtherExhibits | filing ↗ |
| 2026-02-18 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-01 | 2026-06-01 | 0001193125-26-251540 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001193125-26-221742 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001193125-26-208926 ↗ |
| 8-K | 2026-04-23 | 2026-04-22 | 0001193125-26-171305 ↗ |
| 10-Q | 2026-04-22 | 2026-03-31 | 0001193125-26-170557 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0001193125-26-167000 ↗ |
| 8-K | 2026-04-01 | 2026-04-01 | 0001193125-26-138026 ↗ |
| 8-K | 2026-03-05 | 2026-03-05 | 0001193125-26-094191 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001193125-26-059509 ↗ |
| 8-K | 2026-02-18 | 2026-02-18 | 0001193125-26-057162 ↗ |
| 8-K | 2026-02-11 | 2026-02-11 | 0001193125-26-046661 ↗ |
| 8-K | 2026-02-02 | 2026-02-01 | 0001193125-26-033755 ↗ |