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U.S. Healthcare Services Industry Analysis
UpdatedMay 18, 2025
DataAggregated Company Financials
Companies163
- 7D-8.2%
- 3M-17.8%
- 1Y-20.9%
- YTD-11.4%
Over the last 7 days, the Healthcare Services industry has dropped 8.2%, driven by UnitedHealth Group declining 23%. On the other hand HCA Healthcare is actually up 9.6%. 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 |
|---|---|---|---|---|---|---|
| Sun, 18 May 2025 | US$872.0b | US$2.1t | US$52.4b | 21.5x | 16.6x | 0.4x |
| Tue, 15 Apr 2025 | US$1.1t | US$1.7t | US$41.8b | 23.1x | 26.5x | 0.7x |
| Thu, 13 Mar 2025 | US$989.7b | US$1.7t | US$41.4b | 23.4x | 23.9x | 0.6x |
| Sat, 08 Feb 2025 | US$1.0t | US$1.7t | US$41.5b | 23.5x | 24.6x | 0.6x |
| Mon, 06 Jan 2025 | US$1.0t | US$2.0t | US$42.3b | 23.3x | 24.1x | 0.5x |
| Wed, 04 Dec 2024 | US$1.2t | US$2.0t | US$41.4b | 24.6x | 28.3x | 0.6x |
| Fri, 01 Nov 2024 | US$1.1t | US$1.9t | US$44.0b | 23.9x | 25.4x | 0.6x |
| Sun, 29 Sep 2024 | US$1.2t | US$1.9t | US$43.3b | 25.8x | 27.7x | 0.6x |
| Tue, 27 Aug 2024 | US$1.2t | US$1.9t | US$43.3b | 26.7x | 28.1x | 0.6x |
| Thu, 25 Jul 2024 | US$1.1t | US$1.9t | US$42.6b | 27.3x | 26.9x | 0.6x |
| Sat, 22 Jun 2024 | US$1.1t | US$1.9t | US$43.4b | 25.2x | 25x | 0.6x |
| Mon, 20 May 2024 | US$1.1t | US$1.9t | US$43.5b | 26.6x | 25.9x | 0.6x |
| Wed, 17 Apr 2024 | US$1.1t | US$1.8t | US$49.8b | 25.1x | 21.1x | 0.6x |
| Fri, 15 Mar 2024 | US$1.1t | US$1.8t | US$50.1b | 24.1x | 22.3x | 0.6x |
| Sun, 11 Feb 2024 | US$1.1t | US$1.8t | US$50.4b | 22.5x | 22.6x | 0.6x |
| Tue, 09 Jan 2024 | US$1.2t | US$1.8t | US$50.1b | 23.8x | 23.5x | 0.7x |
| Thu, 07 Dec 2023 | US$1.2t | US$1.8t | US$51.2b | 22.8x | 22.6x | 0.6x |
| Sat, 04 Nov 2023 | US$1.1t | US$1.8t | US$50.5b | 21.1x | 22.5x | 0.6x |
| Mon, 02 Oct 2023 | US$1.1t | US$1.8t | US$46.8b | 22.2x | 23.5x | 0.6x |
| Wed, 30 Aug 2023 | US$1.1t | US$1.8t | US$46.7b | 22.3x | 23.6x | 0.6x |
| Fri, 28 Jul 2023 | US$1.1t | US$1.7t | US$46.6b | 23.4x | 24.4x | 0.7x |
| Sun, 25 Jun 2023 | US$1.1t | US$1.7t | US$45.8b | 23x | 23.8x | 0.6x |
| Tue, 23 May 2023 | US$1.1t | US$1.7t | US$45.7b | 22x | 23.8x | 0.6x |
| Thu, 20 Apr 2023 | US$1.1t | US$1.4t | US$44.1b | 23.3x | 24.2x | 0.7x |
| Sat, 18 Mar 2023 | US$1.0t | US$1.4t | US$44.4b | 21.8x | 23.4x | 0.7x |
| Mon, 13 Feb 2023 | US$1.1t | US$1.4t | US$44.2b | 22.2x | 25.5x | 0.8x |
| Wed, 11 Jan 2023 | US$1.1t | US$1.4t | US$44.3b | 21.4x | 25.2x | 0.8x |
| Fri, 09 Dec 2022 | US$1.2t | US$1.4t | US$44.4b | 21x | 27.7x | 0.9x |
| Sun, 06 Nov 2022 | US$1.2t | US$1.1t | US$42.1b | 20.1x | 28.7x | 1.1x |
| Tue, 04 Oct 2022 | US$1.2t | US$1.4t | US$46.1b | 19.1x | 25.2x | 0.8x |
| Thu, 01 Sep 2022 | US$1.2t | US$1.4t | US$46.1b | 19.2x | 25.5x | 0.9x |
| Sat, 30 Jul 2022 | US$1.2t | US$1.6t | US$51.0b | 19.5x | 24.3x | 0.8x |
| Mon, 27 Jun 2022 | US$1.2t | US$1.6t | US$50.8b | 18.4x | 22.7x | 0.7x |
| Wed, 25 May 2022 | US$1.2t | US$1.6t | US$50.7b | 18.7x | 23.1x | 0.7x |
Price to Earnings Ratio
23.1x
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 Market | 5.34% | |
| Healthcare | 0.68% | |
| Healthcare Services | -8.25% | |
| Healthcare Facilities | 7.86% | |
| Healthcare Distributors | 3.00% | |
| Healthcare Services | -1.25% | |
| Managed Healthcare | -15.39% | |
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 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 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$387.52 | 9.6% +US$8.1b | 20.0% | PE16.1x | |
| MCK McKesson | US$724.18 | 4.4% +US$3.8b | 28.3% | PE27.5x | |
| HIMS Hims & Hers Health | US$64.65 | 24.4% +US$2.8b | 343.7% | PE88x | |
| THC Tenet Healthcare | US$165.47 | 11.2% +US$1.5b | 28.8% | PE10.6x | |
| CAH Cardinal Health | US$154.25 | 4.1% +US$1.4b | 55.7% | PE23.6x |
