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U.S. Healthcare Services Industry Analysis
UpdatedMay 16, 2025
DataAggregated Company Financials
Companies164
- 7D-13.3%
- 3M-22.5%
- 1Y-24.9%
- YTD-16.6%
Over the last 7 days, the Healthcare Services industry has dropped 11%, driven by a pullback from UnitedHealth Group of 29%. Meanwhile, HCA Healthcare actually outperformed within the industry, gaining 8.9% in the last week. The industry has fallen 21% in the last year. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the U.S. Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 16 May 2025 | US$860.0b | US$2.1t | US$52.4b | 21.4x | 16.4x | 0.4x |
| Sun, 13 Apr 2025 | US$1.1t | US$1.7t | US$41.8b | 23.2x | 26.5x | 0.7x |
| Tue, 11 Mar 2025 | US$1.0t | US$1.7t | US$41.4b | 24.9x | 24.3x | 0.6x |
| Thu, 06 Feb 2025 | US$1.1t | US$1.7t | US$41.1b | 24.2x | 25.6x | 0.6x |
| Sat, 04 Jan 2025 | US$1.0t | US$2.0t | US$42.3b | 23.3x | 23.7x | 0.5x |
| Mon, 02 Dec 2024 | US$1.2t | US$2.0t | US$41.4b | 24.4x | 28.3x | 0.6x |
| Wed, 30 Oct 2024 | US$1.1t | US$1.9t | US$44.1b | 24.6x | 25.5x | 0.6x |
| Fri, 27 Sep 2024 | US$1.2t | US$1.9t | US$43.3b | 25.5x | 27.5x | 0.6x |
| Sun, 25 Aug 2024 | US$1.2t | US$1.9t | US$43.3b | 26.7x | 28.1x | 0.6x |
| Tue, 23 Jul 2024 | US$1.2t | US$1.9t | US$42.6b | 26.5x | 27.1x | 0.6x |
| Thu, 20 Jun 2024 | US$1.1t | US$1.9t | US$43.4b | 25.3x | 24.9x | 0.6x |
| Sat, 18 May 2024 | US$1.1t | US$1.9t | US$43.5b | 26.6x | 25.8x | 0.6x |
| Mon, 15 Apr 2024 | US$1.0t | US$1.8t | US$49.8b | 25x | 21x | 0.6x |
| Wed, 13 Mar 2024 | US$1.1t | US$1.8t | US$51.0b | 24.1x | 21.9x | 0.6x |
| Fri, 09 Feb 2024 | US$1.1t | US$1.8t | US$50.4b | 22.3x | 22.5x | 0.6x |
| Sun, 07 Jan 2024 | US$1.2t | US$1.8t | US$50.1b | 23.9x | 23.5x | 0.7x |
| Tue, 05 Dec 2023 | US$1.2t | US$1.8t | US$51.1b | 23.1x | 22.6x | 0.6x |
| Thu, 02 Nov 2023 | US$1.1t | US$1.8t | US$52.1b | 21.4x | 21.8x | 0.6x |
| Sat, 30 Sep 2023 | US$1.1t | US$1.8t | US$46.9b | 22.1x | 23.8x | 0.6x |
| Mon, 28 Aug 2023 | US$1.1t | US$1.8t | US$46.7b | 21.9x | 23.4x | 0.6x |
| Wed, 26 Jul 2023 | US$1.1t | US$1.7t | US$46.7b | 24.1x | 24.6x | 0.7x |
| Fri, 23 Jun 2023 | US$1.1t | US$1.7t | US$45.8b | 23.1x | 23.8x | 0.6x |
| Sun, 21 May 2023 | US$1.1t | US$1.7t | US$45.7b | 22x | 23.8x | 0.6x |
| Tue, 18 Apr 2023 | US$1.1t | US$1.4t | US$44.1b | 23.2x | 25x | 0.8x |
| Thu, 16 Mar 2023 | US$1.0t | US$1.4t | US$44.0b | 21.6x | 23.5x | 0.7x |
| Sat, 11 Feb 2023 | US$1.1t | US$1.4t | US$44.2b | 22.2x | 25.5x | 0.8x |
| Mon, 09 Jan 2023 | US$1.1t | US$1.4t | US$44.4b | 21x | 25.3x | 0.8x |
| Wed, 07 Dec 2022 | US$1.2t | US$1.4t | US$44.4b | 20.8x | 27.4x | 0.9x |
| Fri, 04 Nov 2022 | US$1.2t | US$1.4t | US$46.4b | 19.6x | 26.5x | 0.9x |
| Sun, 02 Oct 2022 | US$1.1t | US$1.4t | US$46.1b | 19x | 24.6x | 0.8x |
| Tue, 30 Aug 2022 | US$1.2t | US$1.4t | US$46.1b | 19.4x | 26x | 0.9x |
| Thu, 28 Jul 2022 | US$1.2t | US$1.6t | US$50.9b | 19.9x | 24x | 0.8x |
| Sat, 25 Jun 2022 | US$1.2t | US$1.6t | US$50.9b | 18.7x | 22.8x | 0.7x |
| Mon, 23 May 2022 | US$1.2t | US$1.6t | US$50.7b | 19x | 22.8x | 0.7x |
Price to Earnings Ratio
22.8x
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 16.5x 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 Market | 4.47% | |
| Healthcare | -2.82% | |
| Healthcare Services | -13.26% | |
| Healthcare Facilities | 6.64% | |
| Healthcare Distributors | 1.33% | |
| Healthcare Services | -4.64% | |
| Managed Healthcare | -21.33% | |
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 23.9x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 19% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Managed Healthcare industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| HCA HCA Healthcare | US$385.50 | 8.9% +US$7.6b | 19.5% | PE16x | |
| MCK McKesson | US$706.76 | 2.4% +US$2.1b | 27.2% | PE26.8x | |
| HIMS Hims & Hers Health | US$58.58 | 14.0% +US$1.6b | 317.2% | PE79.8x | |
| THC Tenet Healthcare | US$164.03 | 10.0% +US$1.4b | 28.2% | PE10.5x | |
| CAH Cardinal Health | US$151.95 | 3.2% +US$1.1b | 54.0% | PE23.3x |
