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U.S. Healthcare Services Industry Analysis

UpdatedMay 19, 2025
DataAggregated Company Financials
Companies163
  • 7D-7.9%
  • 3M-16.1%
  • 1Y-20.2%
  • YTD-11.4%

Over the last 7 days, the Healthcare Services industry has dropped 7.9%, driven by a pullback from UnitedHealth Group of 23%. On the other hand HCA Healthcare is actually up 6.7%. However, the industry is down 20% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 May 2025US$871.9bUS$2.1tUS$52.4b21.5x16.6x0.4x
Wed, 16 Apr 2025US$1.1tUS$1.7tUS$41.7b23.2x26.3x0.6x
Fri, 14 Mar 2025US$976.3bUS$1.7tUS$41.4b23.1x23.6x0.6x
Sun, 09 Feb 2025US$1.0tUS$1.7tUS$41.5b23.5x24.5x0.6x
Tue, 07 Jan 2025US$1.0tUS$2.0tUS$42.3b22.5x24.1x0.5x
Thu, 05 Dec 2024US$1.2tUS$2.0tUS$41.5b24.7x28.1x0.6x
Sat, 02 Nov 2024US$1.1tUS$1.9tUS$43.5b24.5x25.7x0.6x
Mon, 30 Sep 2024US$1.2tUS$1.9tUS$43.3b25.8x27.7x0.6x
Wed, 28 Aug 2024US$1.2tUS$1.9tUS$43.3b26.3x28.1x0.6x
Fri, 26 Jul 2024US$1.2tUS$1.9tUS$43.2b26.9x26.9x0.6x
Sun, 23 Jun 2024US$1.1tUS$1.9tUS$43.4b25.2x25x0.6x
Tue, 21 May 2024US$1.1tUS$1.9tUS$43.5b26.2x25.9x0.6x
Thu, 18 Apr 2024US$1.1tUS$1.9tUS$42.7b25.6x25.3x0.6x
Sat, 16 Mar 2024US$1.1tUS$1.8tUS$50.1b23.9x22.3x0.6x
Mon, 12 Feb 2024US$1.1tUS$1.8tUS$50.4b22.5x22.6x0.6x
Wed, 10 Jan 2024US$1.2tUS$1.8tUS$50.2b24.1x23.5x0.7x
Fri, 08 Dec 2023US$1.2tUS$1.8tUS$51.2b22.8x22.6x0.6x
Sun, 05 Nov 2023US$1.1tUS$1.8tUS$50.6b21.1x22.5x0.6x
Tue, 03 Oct 2023US$1.1tUS$1.8tUS$46.8b22x23.5x0.6x
Thu, 31 Aug 2023US$1.1tUS$1.8tUS$46.7b22.1x23.6x0.6x
Sat, 29 Jul 2023US$1.1tUS$1.7tUS$47.9b22.7x23.6x0.7x
Mon, 26 Jun 2023US$1.1tUS$1.7tUS$45.8b23x23.8x0.6x
Wed, 24 May 2023US$1.1tUS$1.7tUS$45.7b21.8x23.7x0.6x
Fri, 21 Apr 2023US$1.1tUS$1.4tUS$44.3b23.2x24x0.7x
Sun, 19 Mar 2023US$1.0tUS$1.4tUS$44.4b21.8x23.4x0.7x
Tue, 14 Feb 2023US$1.1tUS$1.4tUS$44.2b22.4x25.6x0.8x
Thu, 12 Jan 2023US$1.1tUS$1.4tUS$44.3b21.8x25.5x0.8x
Sat, 10 Dec 2022US$1.2tUS$1.4tUS$44.4b20.7x27.3x0.9x
Mon, 07 Nov 2022US$1.2tUS$1.4tUS$42.0b20.1x28.8x0.9x
Wed, 05 Oct 2022US$1.2tUS$1.4tUS$46.1b19.2x25.7x0.9x
Fri, 02 Sep 2022US$1.2tUS$1.4tUS$46.1b19.2x25.7x0.9x
Sun, 31 Jul 2022US$1.2tUS$1.6tUS$51.0b19.5x24.3x0.8x
Tue, 28 Jun 2022US$1.2tUS$1.6tUS$50.8b18.6x23x0.7x
Thu, 26 May 2022US$1.2tUS$1.6tUS$50.7b19.4x23.5x0.8x
Price to Earnings Ratio

23.5x


Total Market Cap: US$1.2tTotal Earnings: US$50.7bTotal Revenue: US$1.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 24.6x202320242025
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 16.6x which is lower than its 3-year average PE of 24.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 9.3% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

US Market2.94%
Healthcare-1.42%
Healthcare Services-7.86%
Healthcare Facilities4.82%
Healthcare Distributors4.03%
Healthcare Services1.32%
Managed Healthcare-15.76%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry, which is trading close to its 3-year average PE ratio of 35.9x.
    • Analysts are expecting annual earnings growth of 14.7%, which is higher than its past year's earnings decline of 1.9% per year.
  • Investors are most pessimistic about the Managed Healthcare industry, which is trading below its 3-year average of 23.8x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Managed Healthcare industry is expected to see its earnings grow by 11% 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$387.526.7%
+US$5.8b		19.2%PE16.1x
MCK McKessonUS$724.185.3%
+US$4.6b		28.4%PE27.5x
COR CencoraUS$290.224.3%
+US$2.3b		31.3%PE33.2x
HIMS Hims & Hers HealthUS$64.6517.1%
+US$2.1b		247.6%PE88x
CI Cigna GroupUS$320.941.6%
+US$1.4b		-3.7%PE17x
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17.1%

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7D

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1Y

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UNH

US$291.91

UnitedHealth Group

7D

-22.9%

1Y

-43.6%

ENSG

US$149.75

Ensign Group

7D

5.8%

1Y

25.3%

THC

US$165.47

Tenet Healthcare

7D

7.1%

1Y

26.4%

HCA

US$387.52

HCA Healthcare

7D

6.7%

1Y

19.2%

CNC

US$61.78

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7D

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1Y

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ELV

US$403.29

Elevance Health

7D

-3.2%

1Y

-25.5%

CVS

US$62.53

CVS Health

7D

-3.5%

1Y

8.9%

MCK

US$724.18

McKesson

7D

5.3%

1Y

28.4%

COR

US$290.22

Cencora

7D

4.3%

1Y

31.3%

CAH

US$154.25

Cardinal Health

7D

3.8%

1Y

56.7%

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AGL

US$2.45

agilon health

7D

-17.5%

1Y

-54.3%

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CI

US$320.94

Cigna Group

7D

1.6%

1Y

-3.7%

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MOH

US$325.34

Molina Healthcare

7D

-0.7%

1Y

-5.4%

GH

US$40.67

Guardant Health

7D

-2.4%

1Y

64.2%