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U.S. Healthcare Services Industry Analysis

UpdatedAug 24, 2025
DataAggregated Company Financials
Companies157
  • 7D2.0%
  • 3M0.008%
  • 1Y-27.7%
  • YTD-12.7%

In the last week, the Healthcare Services industry is up 2.0%, with CVS Health leading the way, up 3.9%. Meanwhile, Kindly MD actually underperformed within the industry, shrinking 26% in the last week. However, the industry is down 28% over the past year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 03 Oct 2022US$1.1tUS$1.4tUS$46.1b19x24.6x0.8x
Wed, 31 Aug 2022US$1.2tUS$1.4tUS$46.1b19.3x25.7x0.9x
Price to Earnings Ratio

25.7x


Total Market Cap: US$1.2tTotal Earnings: US$46.1bTotal Revenue: US$1.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Healthcare Services Industry Price to Earnings3Y Average 23.9x202320242025
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 17.3x which is lower than its 3-year average PE of 23.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 2.2% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market0.48%
Healthcare1.53%
Healthcare Services1.98%
Healthcare Facilities3.69%
Healthcare Services2.33%
Managed Healthcare1.74%
Healthcare Distributors0.26%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry even though it's trading below its 3-year average PE ratio of 37.5x.
    • Analysts are expecting annual earnings growth of 13.8%, 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 22.7x.
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 6.5% per year.
  • In contrast, the Managed Healthcare industry is expected to see its earnings grow by 8.6% 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
CVS CVS HealthUS$71.303.9%
+US$3.4b		21.4%PE20x
UNH UnitedHealth GroupUS$307.421.1%
+US$3.1b		-47.4%PE13.1x
HCA HCA HealthcareUS$404.972.3%
+US$2.1b		4.2%PE15.9x
MCK McKessonUS$689.452.4%
+US$2.0b		24.9%PE27.1x
CI Cigna GroupUS$304.352.5%
+US$2.0b		-14.0%PE16.2x

Latest News

THC
US$179.50
Tenet Healthcare
7D
4.3%
1Y
9.1%
MODV
US$1.07
ModivCare
7D
-54.5%
1Y
-96.0%
HUM
US$299.51
Humana
7D
4.6%
1Y
-15.1%
NAKA
US$10.13
Kindly MD
7D
-25.9%
1Y
511.3%
CAH
US$148.10
Cardinal Health
7D
-1.0%
1Y
35.3%
COR
US$292.60
Cencora
7D
-0.08%
1Y
23.1%
ELV
US$316.55
Elevance Health
7D
2.3%
1Y
-42.0%
UNH
US$307.42
UnitedHealth Group
7D
1.1%
1Y
-47.4%
MCK
US$689.45
McKesson
7D
2.4%
1Y
24.9%
OMI
US$5.05
Owens & Minor
7D
-11.1%
1Y
-69.2%

Patient Direct Model Will Transform Home-Based Health Care Market

Owens & Minor's price target was maintained at $6.28 as weak Q2 results and the potential divestiture of its hospital distribution business drove concerns about near-term performance and revenue outlook, although some analysts note Patient Direct strength and believe the recent selloff may be overdone. Analyst Commentary Recent Q2 results and updated outlook were disappointing, leading to reduced price targets and concerns about near-term performance.
NNOX
US$4.06
Nano-X Imaging
7D
-8.1%
1Y
-42.3%

Digital Diagnostics And AI Will Open Global Markets

With both Net Profit Margin and Consensus Revenue Growth forecasts holding steady, analyst expectations for Nano-X Imaging remain unchanged, maintaining the price target at $7.75. What's in the News Nano-X Imaging announced a clinical and educational collaboration with Keiser University to deploy the Nanox.ARC imaging system at the Sarasota campus for training and demonstrations.
CVS
US$71.30
CVS Health
7D
3.9%
1Y
21.4%

CVS Health's (NYSE:CVS) Soft Earnings Don't Show The Whole Picture

Aug 13
CVS Health's (NYSE:CVS) Soft Earnings Don't Show The Whole Picture
HIMS
US$44.57
Hims & Hers Health
7D
-3.2%
1Y
166.4%
HNGE
US$57.57
Hinge Health
7D
-2.5%
1Y
n/a
CI
US$304.35
Cigna Group
7D
2.5%
1Y
-14.0%
HCA
US$404.97
HCA Healthcare
7D
2.3%
1Y
4.2%