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U.S. Healthcare Services Industry Analysis

UpdatedOct 29, 2025
DataAggregated Company Financials
Companies157
  • 7D-0.4%
  • 3M20.6%
  • 1Y-13.5%
  • YTD-3.7%

Over the last 7 days, the Healthcare Services industry has remained flat, although notably HCA Healthcare gained 8.0%. As for the longer term, the industry has declined 14% in the last year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the U.S. Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Oct 2025US$944.6bUS$2.1tUS$49.4b21.7x19.1x0.4x
Fri, 26 Sep 2025US$906.9bUS$2.1tUS$49.3b20.7x18.4x0.4x
Sun, 24 Aug 2025US$853.9bUS$2.1tUS$49.3b21.3x17.3x0.4x
Tue, 22 Jul 2025US$788.0bUS$2.1tUS$52.2b20.7x15.1x0.4x
Thu, 19 Jun 2025US$876.1bUS$2.1tUS$52.7b21.8x16.6x0.4x
Sat, 17 May 2025US$839.6bUS$2.1tUS$52.4b21.5x16x0.4x
Mon, 14 Apr 2025US$1.1tUS$1.7tUS$41.8b23.2x26.5x0.7x
Wed, 12 Mar 2025US$986.9bUS$1.7tUS$41.4b23.9x23.8x0.6x
Fri, 07 Feb 2025US$1.0tUS$1.7tUS$41.5b23.6x25.3x0.6x
Sun, 05 Jan 2025US$1.0tUS$2.0tUS$42.3b23.3x24.1x0.5x
Tue, 03 Dec 2024US$1.2tUS$2.0tUS$41.4b24.6x28.3x0.6x
Thu, 31 Oct 2024US$1.1tUS$1.9tUS$44.1b24.2x25.4x0.6x
Sat, 28 Sep 2024US$1.2tUS$1.9tUS$43.3b25.8x27.5x0.6x
Mon, 26 Aug 2024US$1.2tUS$1.9tUS$43.3b26.7x28.1x0.6x
Wed, 24 Jul 2024US$1.2tUS$1.9tUS$42.6b27.3x27x0.6x
Fri, 21 Jun 2024US$1.1tUS$1.9tUS$43.4b25.1x24.9x0.6x
Sun, 19 May 2024US$1.1tUS$1.9tUS$43.5b26.6x25.9x0.6x
Tue, 16 Apr 2024US$1.0tUS$1.8tUS$49.7b24.9x21x0.6x
Thu, 14 Mar 2024US$1.1tUS$1.8tUS$50.1b24.2x22.3x0.6x
Sat, 10 Feb 2024US$1.1tUS$1.8tUS$50.4b22.5x22.6x0.6x
Mon, 08 Jan 2024US$1.2tUS$1.8tUS$50.1b23.9x23.5x0.7x
Wed, 06 Dec 2023US$1.2tUS$1.8tUS$51.1b23.1x22.6x0.6x
Fri, 03 Nov 2023US$1.1tUS$1.8tUS$50.8b21.6x22.3x0.6x
Sun, 01 Oct 2023US$1.1tUS$1.8tUS$46.8b22.2x23.5x0.6x
Tue, 29 Aug 2023US$1.1tUS$1.8tUS$46.7b21.9x23.4x0.6x
Thu, 27 Jul 2023US$1.1tUS$1.7tUS$46.7b23.6x24.4x0.7x
Sat, 24 Jun 2023US$1.1tUS$1.7tUS$45.8b23x23.8x0.6x
Mon, 22 May 2023US$1.1tUS$1.7tUS$45.7b22x23.8x0.6x
Wed, 19 Apr 2023US$1.1tUS$1.4tUS$44.1b23.2x24.9x0.8x
Fri, 17 Mar 2023US$1.1tUS$1.4tUS$44.0b21.9x23.9x0.7x
Sun, 12 Feb 2023US$1.1tUS$1.4tUS$44.2b22.2x25.5x0.8x
Tue, 10 Jan 2023US$1.1tUS$1.4tUS$44.4b21x25.2x0.8x
Thu, 08 Dec 2022US$1.2tUS$1.4tUS$44.4b20.8x27.6x0.9x
Sat, 05 Nov 2022US$1.2tUS$1.1tUS$42.1b20.1x28.7x1.1x
Price to Earnings Ratio

28.7x


Total Market Cap: US$1.2tTotal Earnings: US$42.1bTotal Revenue: US$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 23.5x202320242025
Current Industry PE
  • Investors are pessimistic on the American Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 19.1x which is lower than its 3-year average PE of 23.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 5.5% per year over the last three years.
  • Revenues for these companies have grown 23% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Healthcare industry?

US Market2.14%
Healthcare0.28%
Healthcare Services-0.38%
Healthcare Facilities2.25%
Healthcare Distributors1.56%
Managed Healthcare-0.62%
Healthcare Services-1.06%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 38.2x.
    • Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 6.3% per year.
  • Investors are most pessimistic about the Managed Healthcare industry, which is trading below its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 7.4% per year.
  • In contrast, the Managed Healthcare industry is expected to see its earnings grow by 5.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
HCA HCA HealthcareUS$466.468.0%
+US$8.1b		29.3%PE17.2x
UNH UnitedHealth GroupUS$367.840.7%
+US$2.2b		-34.6%PE15.6x
MCK McKessonUS$804.592.2%
+US$2.2b		61.2%PE31.6x
COR CencoraUS$335.642.1%
+US$1.3b		44.8%PE34.3x
CAH Cardinal HealthUS$162.792.6%
+US$976.5m		47.9%PE24.8x

Latest News

CNC
US$33.19
Centene
7D
-8.1%
1Y
-45.2%
CVS
US$82.20
CVS Health
7D
-1.0%
1Y
46.1%
UHS
US$219.32
Universal Health Services
7D
6.1%
1Y
6.5%
LH
US$259.69
Labcorp Holdings
7D
-8.6%
1Y
13.9%

Labcorp Holdings (NYSE:LH) Will Pay A Dividend Of $0.72

Oct 28
Labcorp Holdings (NYSE:LH) Will Pay A Dividend Of $0.72
WGS
US$137.47
GeneDx Holdings
7D
12.9%
1Y
63.6%
UNH
US$367.84
UnitedHealth Group
7D
0.7%
1Y
-34.6%
HCA
US$466.46
HCA Healthcare
7D
8.0%
1Y
29.3%
DGX
US$178.28
Quest Diagnostics
7D
-3.4%
1Y
14.3%
BTSG
US$34.00
BrightSpring Health Services
7D
5.4%
1Y
113.7%
MOH
US$162.84
Molina Healthcare
7D
-17.3%
1Y
-49.6%
ELV
US$339.40
Elevance Health
7D
-3.0%
1Y
-17.3%
HIMS
US$47.12
Hims & Hers Health
7D
-4.5%
1Y
111.9%
MCK
US$804.59
McKesson
7D
2.2%
1Y
61.2%

Analysts Boost McKesson Outlook Amid Strong Growth Guidance and Recent Valuation Adjustments

Analysts have raised their average fair value estimate for McKesson to $836.71 from $829.57. This change is attributed to increased long-term growth guidance and improved business visibility following the company’s recent investor day.
COR
US$335.64
Cencora
7D
2.1%
1Y
44.8%
HSIC
US$63.21
Henry Schein
7D
-1.6%
1Y
-10.2%
CAH
US$162.79
Cardinal Health
7D
2.6%
1Y
47.9%