UNIVERSAL HEALTH SERVICES INC
UHS · Services-General Medical & Surgical Hospitals, NEC · 70.1M shares · -6%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $460M (gross $547M, SBC $88M)
Reference price $193.37 · est. market cap ~$13.6B — last insider sale, 2026-03-13 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80Universal Health Services — strong hospital/behavioral-health operator.
Strengths
- ROE 20.5% (79th), ROA (89th), interest coverage 12.8x (87th)
- Operating margin 11.5% (75th), FCF 90th
Risks
- Reimbursement and labor-cost exposure
- Behavioral-health regulatory scrutiny
- Moderate leverage
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $138M cash & investments
- Buying back stockNet buyback — share count -6%/yr over 4y
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
11.5%
Net margin
8.6%
Return on equity
20.5%
Return on assets
9.6%
ROIC
14.0%
Revenue growth (QoQ)
0.2%
Net-income growth
30.4%
Debt / equity
0.6×
Net debt / EBITDA
1.5×
Interest coverage
12.8×
Current ratio
1.1×
Free cash flow
$849M
EBITDA
$2.6B
Tangible book value
$3.2B
Cash & investments
$138M
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-27 | MILLER ALAN B | Other | 9.4K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 14K | — |
| 2026-05-27 | MILLER ALAN B | Other | 51K | — |
| 2026-05-27 | MILLER ALAN B | Other | 51K | — |
| 2026-05-27 | MILLER ALAN B | Other | 25K | — |
| 2026-05-27 | MILLER ALAN B | Other | 25K | — |
| 2026-05-27 | MILLER ALAN B | Other | 25K | — |
| 2026-05-27 | MILLER ALAN B | Other | 25K | — |
| 2026-05-27 | MILLER ALAN B | Other | 9.4K | — |
| 2026-05-27 | MILLER ALAN B | Other | 9.4K | — |
| 2026-05-27 | MILLER ALAN B | Other | 9.4K | — |
| 2026-05-20 | McDonnell Eileen C. | Grant | 1.2K | — |
| 2026-05-20 | Singer Maria Ruderman | Grant | 1.2K | — |
| 2026-05-20 | Nimetz Warren J. | Grant | 1.2K | — |
| 2026-05-20 | Chen-Langenmayr Nina | Grant | 1.2K | — |
| 2026-05-20 | SUSSMAN ELLIOT J MD MBA | Grant | 1.2K | — |
| 2026-03-26 | Peterson Matthew Jay | Grant | 5.6K | — |
| 2026-03-26 | Miller Marc D | Grant | 30K | — |
| 2026-03-26 | FILTON STEVE | Grant | 6.8K | — |
| 2026-03-26 | Sim Edward H | Grant | 6.4K | — |
| 2026-03-26 | MILLER ALAN B | Grant | 14K | — |
| 2026-03-21 | Sim Edward H | Tax withheld | 593 | $185.82 |
| 2026-03-21 | FILTON STEVE | Tax withheld | 616 | $185.82 |
| 2026-03-21 | MILLER ALAN B | Tax withheld | 1.2K | $185.82 |
| 2026-03-21 | Peterson Matthew Jay | Tax withheld | 512 | $185.82 |
| 2026-03-21 | Miller Marc D | Tax withheld | 2.2K | $185.82 |
| 2026-03-19 | Miller Marc D | Tax withheld | 2.8K | $189.58 |
| 2026-03-19 | Sim Edward H | Tax withheld | 704 | $189.58 |
| 2026-03-19 | Peterson Matthew Jay | Tax withheld | 608 | $189.58 |
| 2026-03-19 | FILTON STEVE | Tax withheld | 731 | $189.58 |
| 2026-03-19 | MILLER ALAN B | Tax withheld | 1.4K | $189.58 |
| 2026-03-13 | SUSSMAN ELLIOT J MD MBA | Sell | 356 | $193.37 |
| 2026-03-13 | SUSSMAN ELLIOT J MD MBA | Tax withheld | 894 | $194.27 |
| 2026-03-13 | SUSSMAN ELLIOT J MD MBA | Option exercise | 1.2K | $138.80 |
| 2026-03-12 | Peterson Matthew Jay | Tax withheld | 5.7K | $190.49 |
| 2026-03-12 | Sim Edward H | Grant | 15K | — |
| 2026-03-12 | Sim Edward H | Tax withheld | 6.6K | $190.49 |
| 2026-03-12 | MILLER ALAN B | Grant | 33K | — |
| 2026-03-12 | MILLER ALAN B | Tax withheld | 13K | $190.49 |
| 2026-03-12 | Miller Marc D | Option exercise | 50K | $138.80 |
| 2026-03-12 | Miller Marc D | Option exercise | 50K | $152.68 |
| 2026-03-12 | Miller Marc D | Tax withheld | 86K | $190.82 |
| 2026-03-12 | Miller Marc D | Grant | 63K | — |
| 2026-03-12 | Miller Marc D | Tax withheld | 25K | $190.49 |
| 2026-03-12 | FILTON STEVE | Option exercise | 39K | $138.80 |
| 2026-03-12 | FILTON STEVE | Option exercise | 44K | $152.68 |
| 2026-03-12 | FILTON STEVE | Tax withheld | 72K | $192.28 |
| 2026-03-12 | FILTON STEVE | Grant | 16K | — |
| 2026-03-12 | FILTON STEVE | Tax withheld | 6.8K | $190.49 |
| 2026-03-12 | Singer Maria Ruderman | Option exercise | 2.5K | $138.80 |
| 2026-03-12 | Singer Maria Ruderman | Tax withheld | 1.8K | $191.88 |
| 2026-03-12 | Peterson Matthew Jay | Grant | 13K | — |
| 2026-03-11 | SUSSMAN ELLIOT J MD MBA | Sell | 318 | $186.35 |
| 2026-03-11 | SUSSMAN ELLIOT J MD MBA | Tax withheld | 932 | $186.28 |
| 2026-03-11 | SUSSMAN ELLIOT J MD MBA | Option exercise | 1.2K | $138.80 |
| 2026-03-10 | MILLER ALAN B | Option exercise | 62K | $138.80 |
| 2026-03-10 | MILLER ALAN B | Option exercise | 70K | $152.68 |
| 2026-03-10 | MILLER ALAN B | Tax withheld | 114K | $189.62 |
| 2025-11-11 | Nimetz Warren J. | Option exercise | 10K | $138.80 |
| 2025-11-11 | Nimetz Warren J. | Tax withheld | 6.2K | $224.49 |
| 2025-11-11 | Nimetz Warren J. | Sell | 3.7K | $223.28 |
| 2025-11-11 | Nimetz Warren J. | Sell | 142 | $223.96 |
| 2025-10-29 | MILLER ALAN B | Tax withheld | 106K | $227.04 |
| 2025-10-29 | Peterson Matthew Jay | Option exercise | 8.4K | $138.80 |
| 2025-10-29 | Peterson Matthew Jay | Option exercise | 9.5K | $152.68 |
| 2025-10-29 | Peterson Matthew Jay | Tax withheld | 14K | $225.15 |
| 2025-10-29 | SUSSMAN ELLIOT J MD MBA | Option exercise | 2.5K | $138.80 |
| 2025-10-29 | SUSSMAN ELLIOT J MD MBA | Tax withheld | 1.5K | $226.15 |
| 2025-10-29 | SUSSMAN ELLIOT J MD MBA | Sell | 965 | $225.70 |
| 2025-10-29 | Miller Marc D | Option exercise | 75K | $138.80 |
| 2025-10-29 | Miller Marc D | Option exercise | 90K | $152.68 |
| 2025-10-29 | Miller Marc D | Tax withheld | 132K | $225.30 |
| 2025-10-29 | MILLER ALAN B | Option exercise | 70K | $152.68 |
| 2025-10-29 | MILLER ALAN B | Option exercise | 62K | $138.80 |
| 2025-08-06 | MILLER ALAN B | Other | 24K | — |
| 2025-08-06 | MILLER ALAN B | Other | 83K | — |
| 2025-08-06 | MILLER ALAN B | Other | 83K | — |
| 2025-08-06 | MILLER ALAN B | Other | 17K | — |
| 2025-08-06 | MILLER ALAN B | Other | 17K | — |
| 2025-08-06 | MILLER ALAN B | Other | 83K | — |
| 2025-08-06 | MILLER ALAN B | Other | 83K | — |
| 2025-08-06 | Miller Marc D | Other | 83K | — |
| 2025-08-06 | Miller Marc D | Other | 176K | — |
| 2025-08-06 | Miller Marc D | Other | 24K | — |
| 2025-08-06 | Miller Marc D | Other | 24K | — |
| 2025-08-06 | Miller Marc D | Other | 83K | — |
| 2025-08-06 | Miller Marc D | Other | 17K | — |
| 2025-08-06 | Miller Marc D | Other | 17K | — |
| 2025-08-06 | Miller Marc D | Other | 17K | — |
| 2025-08-06 | Miller Marc D | Other | 17K | — |
| 2025-08-06 | MILLER ALAN B | Other | 176K | — |
| 2025-08-06 | MILLER ALAN B | Other | 176K | — |
| 2025-05-22 | MILLER ALAN B | Other | 12K | — |
| 2025-05-22 | MILLER ALAN B | Other | 12K | — |
| 2025-05-22 | MILLER ALAN B | Other | 10K | — |
| 2025-05-22 | MILLER ALAN B | Other | 10K | — |
| 2025-05-22 | MILLER ALAN B | Other | 10K | — |
| 2025-05-22 | MILLER ALAN B | Other | 10K | — |
| 2025-05-22 | MILLER ALAN B | Other | 24K | — |
| 2025-05-22 | MILLER ALAN B | Other | 24K | — |
| 2025-05-22 | MILLER ALAN B | Other | 24K | — |
| 2025-05-22 | MILLER ALAN B | Other | 24K | — |
| 2025-05-22 | MILLER ALAN B | Other | 24K | — |
| 2025-05-22 | MILLER ALAN B | Other | 24K | — |
| 2025-05-16 | McDonnell Eileen C. | Option exercise | 2.5K | $138.80 |
| 2025-05-16 | McDonnell Eileen C. | Tax withheld | 1.8K | $194.06 |
| 2025-05-14 | Miller Marc D | Other | 7.6K | — |
| 2025-05-14 | Miller Marc D | Other | 5.7K | — |
| 2025-05-14 | Miller Marc D | Other | 5.7K | — |
| 2025-05-14 | MILLER ALAN B | Other | 16K | — |
| 2025-05-14 | MILLER ALAN B | Other | 16K | — |
| 2025-05-14 | MILLER ALAN B | Other | 12K | — |
| 2025-05-14 | MILLER ALAN B | Other | 12K | — |
| 2025-05-14 | MILLER ALAN B | Other | 12K | — |
| 2025-05-14 | MILLER ALAN B | Other | 12K | — |
| 2025-05-14 | MILLER ALAN B | Gift | 7.6K | — |
| 2025-05-14 | MILLER ALAN B | Gift | 5.7K | — |
| 2025-05-14 | MILLER ALAN B | Gift | 5.7K | — |
| 2025-05-14 | SUSSMAN ELLIOT J MD MBA | Grant | 1.1K | — |
| 2025-05-14 | McDonnell Eileen C. | Grant | 1.1K | — |
| 2025-05-14 | Chen-Langenmayr Nina | Grant | 1.1K | — |
| 2025-05-14 | Singer Maria Ruderman | Grant | 1.1K | — |
| 2025-05-14 | Singer Maria Ruderman | Sell | 1.1K | $191.48 |
| 2025-05-14 | Nimetz Warren J. | Grant | 1.1K | — |
| 2025-03-21 | FILTON STEVE | Tax withheld | 616 | $178.70 |
| 2025-03-21 | Sim Edward H | Tax withheld | 600 | $178.70 |
| 2025-03-21 | Peterson Matthew Jay | Tax withheld | 512 | $178.70 |
| 2025-03-21 | Miller Marc D | Tax withheld | 2.4K | $178.70 |
| 2025-03-21 | MILLER ALAN B | Tax withheld | 1.3K | $178.70 |
| 2025-03-19 | FILTON STEVE | Grant | 6.9K | — |
| 2025-03-19 | Peterson Matthew Jay | Grant | 5.7K | — |
| 2025-03-19 | Miller Marc D | Grant | 28K | — |
| 2025-03-19 | Sim Edward H | Grant | 6.4K | — |
| 2025-03-19 | MILLER ALAN B | Grant | 14K | — |
| 2025-03-13 | MILLER ALAN B | Option exercise | 97K | $67.69 |
| 2025-03-13 | MILLER ALAN B | Tax withheld | 145K | $163.99 |
| 2025-03-13 | MILLER ALAN B | Option exercise | 118K | $74.46 |
| 2025-03-12 | Miller Marc D | Tax withheld | 21K | $166.61 |
| 2025-03-12 | FILTON STEVE | Grant | 13K | — |
| 2025-03-12 | FILTON STEVE | Tax withheld | 5.4K | $166.61 |
| 2025-03-12 | Peterson Matthew Jay | Grant | 10K | — |
| 2025-03-12 | Peterson Matthew Jay | Tax withheld | 4.5K | $166.61 |
| 2025-03-12 | Miller Marc D | Grant | 50K | — |
| 2025-03-12 | MILLER ALAN B | Grant | 26K | — |
| 2025-03-12 | MILLER ALAN B | Tax withheld | 11K | $166.61 |
| 2025-03-10 | Singer Maria Ruderman | Sell | 1.0K | $179.16 |
| 2025-03-10 | MILLER ALAN B | Option exercise | 100K | $67.69 |
| 2025-03-10 | MILLER ALAN B | Tax withheld | 142K | $174.55 |
| 2025-03-10 | Miller Marc D | Option exercise | 29K | $74.46 |
| 2025-03-10 | Miller Marc D | Option exercise | 25K | $67.69 |
| 2025-03-10 | Miller Marc D | Tax withheld | 36K | $176.90 |
| 2025-03-10 | MILLER ALAN B | Option exercise | 115K | $74.46 |
| 2025-03-07 | Singer Maria Ruderman | Tax withheld | 2.0K | $172.42 |
| 2025-03-07 | Singer Maria Ruderman | Option exercise | 5.0K | $67.69 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
- Medicaid
- Medicare
Suppliers (0)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-22 | Shareholder vote | filing ↗ |
| 2026-05-21 | Exec/director change | filing ↗ |
| 2026-04-28 | ResultsExhibits | filing ↗ |
| 2026-04-24 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-03-30 | Exec/director change | filing ↗ |
| 2026-03-09 | OtherExhibits | filing ↗ |
| 2026-02-26 | ResultsOtherExhibits | filing ↗ |
| 2025-12-31 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-22 | 2026-05-20 | 0001193125-26-235480 ↗ |
| 8-K | 2026-05-21 | 2026-05-18 | 0001193125-26-233402 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001193125-26-211992 ↗ |
| 8-K | 2026-04-28 | 2026-04-27 | 0001193125-26-183643 ↗ |
| 8-K | 2026-04-24 | 2026-04-22 | 0001193125-26-175197 ↗ |
| 8-K | 2026-03-30 | 2026-03-26 | 0001193125-26-131809 ↗ |
| 8-K | 2026-03-09 | 2026-03-09 | 0001193125-26-097674 ↗ |
| 8-K | 2026-02-26 | 2026-02-25 | 0001193125-26-073545 ↗ |
| 10-K | 2026-02-25 | 2025-12-31 | 0001193125-26-071676 ↗ |
| 8-K | 2025-12-31 | 2025-12-30 | 0001193125-25-337662 ↗ |
| 10-Q | 2025-11-07 | 2025-09-30 | 0001193125-25-272385 ↗ |
| 8-K | 2025-10-28 | 2025-10-27 | 0001193125-25-252399 ↗ |