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HCA Healthcare vs Universal Health Services: HCA and UHS compared
HCA Healthcare is the larger company: $19.8B of revenue in its latest quarter (Q3 2026) against $4.7B for Universal Health Services (Q3 2026). Universal Health Services is growing faster (+5% against +4% a year earlier). HCA Healthcare is more profitable, with an operating margin of 11.9% against 9.6%.
Where the money goes: HCA and UHS
HCA Healthcare (HCA) · Q3 2026
HCA Healthcare, Q3 2026: revenue $19.8B (+4% year over year), operating margin 11.9%, net earnings $1.6B, operating cash flow $4.5B. The chart follows the revenue to costs, profit and cash.
Universal Health Services (UHS) · Q3 2026
Universal Health Services, Q3 2026: revenue $4.7B (+5% year over year), operating margin 9.6%, net earnings $309M, operating cash flow $637M. The chart follows the revenue to costs, profit and cash.
| HCA Healthcare (HCA) | Universal Health Services (UHS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $19.8B | $4.7B |
| Revenue growth, Y/Y | +4% | +5% |
| Operating margin | 11.9% | 9.6% |
| Net earnings | $1.6B | $309M |
| Net margin | 8.0% | 6.5% |
| Operating cash flow | $4.5B | $637M |
| Free cash flow | $3.1B | $422M |
| Market value | $110.2B | $11.7B |
| P/E | 16.8× | 7.9× |
| Analysts’ mean target | $477.27 | $193.82 |
Where the revenue comes from
Universal Health Services
- Managed Care: $1.2B (26%)
- Medicaid: $798M (17%)
- Managed Medicaid: $655M (14%)
- Managed Medicare: $576M (12%)
Questions
Which is bigger, HCA Healthcare or Universal Health Services?
HCA Healthcare is the larger company: $19.8B of revenue in its latest quarter (Q3 2026) against $4.7B for Universal Health Services (Q3 2026).
Is HCA Healthcare or Universal Health Services growing faster?
Universal Health Services is growing faster (+5% against +4% a year earlier).
Which is more profitable, HCA Healthcare or Universal Health Services?
HCA Healthcare is more profitable, with an operating margin of 11.9% against 9.6%.
More: HCA Healthcare earnings · how HCA Healthcare makes money · Universal Health Services earnings · how Universal Health Services makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.