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U.S. Healthcare Services Industry Analysis

UpdatedMay 20, 2025
DataAggregated Company Financials
Companies164
  • 7D-5.3%
  • 3M-13.1%
  • 1Y-17.4%
  • YTD-8.0%

Over the last 7 days, the Healthcare Services industry has dropped 7.9%, driven by UnitedHealth Group declining 17%. In contrast, HCA Healthcare has gained 6.5%. Overall the industry is down 20% in 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 May 2025US$872.0bUS$2.1tUS$52.4b21.5x16.6x0.4x
Thu, 17 Apr 2025US$1.1tUS$1.7tUS$41.8b23x26.1x0.6x
Sat, 15 Mar 2025US$977.2bUS$1.7tUS$41.5b23.2x23.6x0.6x
Mon, 10 Feb 2025US$1.0tUS$1.7tUS$41.5b23.5x24.5x0.6x
Wed, 08 Jan 2025US$1.0tUS$2.0tUS$42.3b23.7x24.2x0.5x
Fri, 06 Dec 2024US$1.2tUS$2.0tUS$41.4b24x28.2x0.6x
Sun, 03 Nov 2024US$1.1tUS$1.9tUS$43.5b23.9x25.9x0.6x
Tue, 01 Oct 2024US$1.2tUS$1.9tUS$43.3b25.7x27.7x0.6x
Thu, 29 Aug 2024US$1.2tUS$1.9tUS$43.3b26.2x28.1x0.6x
Sat, 27 Jul 2024US$1.2tUS$1.9tUS$43.2b27.3x27.1x0.6x
Mon, 24 Jun 2024US$1.1tUS$1.9tUS$43.4b25.2x25x0.6x
Wed, 22 May 2024US$1.1tUS$1.9tUS$43.5b26.4x25.7x0.6x
Fri, 19 Apr 2024US$1.1tUS$1.9tUS$43.0b25.3x25.6x0.6x
Sun, 17 Mar 2024US$1.1tUS$1.8tUS$50.1b23.9x22.3x0.6x
Tue, 13 Feb 2024US$1.1tUS$1.8tUS$50.4b22.8x22.7x0.6x
Thu, 11 Jan 2024US$1.2tUS$1.8tUS$50.2b24.2x23.5x0.7x
Sat, 09 Dec 2023US$1.2tUS$1.8tUS$51.2b23x22.5x0.6x
Mon, 06 Nov 2023US$1.1tUS$1.8tUS$50.6b21.1x22.5x0.6x
Wed, 04 Oct 2023US$1.1tUS$1.8tUS$46.8b21.9x23.7x0.6x
Fri, 01 Sep 2023US$1.1tUS$1.8tUS$46.7b22.2x23x0.6x
Sun, 30 Jul 2023US$1.1tUS$1.7tUS$47.9b22.7x23.6x0.7x
Tue, 27 Jun 2023US$1.1tUS$1.7tUS$45.8b23.1x23.9x0.6x
Thu, 25 May 2023US$1.1tUS$1.7tUS$45.7b21.7x23.7x0.6x
Sat, 22 Apr 2023US$1.1tUS$1.4tUS$44.3b24x24x0.7x
Mon, 20 Mar 2023US$1.0tUS$1.4tUS$44.4b21.8x23.4x0.7x
Wed, 15 Feb 2023US$1.1tUS$1.4tUS$44.3b22.1x25.5x0.8x
Fri, 13 Jan 2023US$1.1tUS$1.4tUS$44.3b21.2x25.6x0.8x
Sun, 11 Dec 2022US$1.2tUS$1.4tUS$44.4b20.7x27.3x0.9x
Tue, 08 Nov 2022US$1.2tUS$1.4tUS$42.0b20x28.8x0.9x
Thu, 06 Oct 2022US$1.2tUS$1.4tUS$46.1b19.2x25.7x0.9x
Sat, 03 Sep 2022US$1.2tUS$1.4tUS$46.1b18.9x25.5x0.8x
Mon, 01 Aug 2022US$1.2tUS$1.6tUS$51.0b19.5x24.3x0.8x
Wed, 29 Jun 2022US$1.2tUS$1.6tUS$50.8b18.4x23x0.7x
Fri, 27 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 24.5x202320242025
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 16.6x which is lower than its 3-year average PE of 24.5x.
  • 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 Market1.58%
Healthcare-1.01%
Healthcare Services-5.32%
Healthcare Distributors4.53%
Healthcare Facilities3.80%
Healthcare Services0.79%
Managed Healthcare-11.22%
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$386.896.5%
+US$5.7b		19.0%PE16.1x
MCK McKessonUS$726.405.7%
+US$4.9b		28.8%PE27.6x
COR CencoraUS$292.635.1%
+US$2.8b		32.4%PE33.5x
CI Cigna GroupUS$321.962.0%
+US$1.7b		-3.4%PE17.1x
HIMS Hims & Hers HealthUS$62.3412.9%
+US$1.6b		235.2%PE84.9x
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1Y

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MCK

US$726.40

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7D

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1Y

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COR

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Cencora

7D

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1Y

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CAH

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1Y

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EHC

US$121.18

Encompass Health

7D

3.6%

1Y

40.7%

MOH

US$325.35

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7D

-0.7%

1Y

-5.4%

GH

US$40.24

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7D

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62.5%