Medical care facilities

24 companies · $190B combined revenue · $21.6B operating profit

The typical US-listed medical care facilities company grew revenue 13.4% and earnings 16.6% in its latest year, at a 9.3% operating margin, and 6 of 23 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.

13.4%Median revenue growth
16.6%Median earnings growth
11.4%Median revenue growth, 3 yrs
15.3%Median earnings growth, 3 yrs
9.3%Median operating margin
10.8%Median ROCE

Growth engines: the 4 Cylinders

All four working: 13% of companies

A company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.

  • Sales growth · Revenue up 10% or more63%
  • Operating leverage · Operating income growing faster than a growing revenue60%
  • Margin expansion · Operating margin up 1 point or more39%
  • Debt reduction · Debt down 5% or more, or net cash30%

Combined revenue · 23 companies reporting in US dollars

Revenue
$0$50B$100B$150B$200BFY21FY22FY23FY24FY25

Combined operating margin

Operating margin
0%5%10%15%FY21FY22FY23FY24FY25

All 24 companies

Median–13.4%16.6%9.3%10.8%0.66x
HCAHCA Healthcare$75.6B7.1%▼17.8%▲13%▲22.2%▲–
THCTenet Healthcare$21.3B3.1%▼-41.8%▼16.5%▲13.9%▲3.10x▼
BTSGBrightSpring Health Services$12.9B28.2%▲–2.3%▼6.5%▼1.34x▼
EHCEncompass Health$5.9B10.5%▼24.2%▲17.7%▲16.8%▲1.00x▼
DVADavita$13.6B6.5%▼-20.2%▼15%▲14.3%▲–
FMSFresenius Medical CareEUR 19.6B1.5%▼60.8%▲9.3%7.4%▼0.55x▲
UHSUniversal Health Services$17.4B9.7%▼30.4%▲11.5%▲16.2%▲0.65x▲
ENSGEnsign$5.0B18.8%▲15.4%▼8.5%▼9.3%▼0.06x▲
PACSPACS$5.3B29.4%▲244%▲5.9%▼6.8%▼0.26x▲
CHEChemed$2.5B65.3%▲-12.2%▼13.4%▲27%▲–
HIMSHims & Hers Health$2.3B59%▲1.8%▼4.5%▼6%▼–
SHCSotera Health$1.2B5.7%▼75.6%▲12.7%▲4.9%▼3.53x▼
CONConcentra Group Holdings Parent$2.2B13.9%▲-0.1%▼15.4%▲13.2%▲3.98x▼
LFSTLifeStance Health$1.4B13.9%▲–1.7%▼1.2%▼0.18x▲
OPCHOption Care Health$5.6B13%▼-2%▼6%▼12.9%▲0.88x▼
NHCNational Healthcare$1.5B16.1%▲17.7%▲8.5%▼10.1%▼0.04x▲
ACHCAcadia Healthcare$3.3B5%▼-531%▼––1.28x▼
PRVAPrivia Health$2.1B22.3%▲59.3%▲1.6%▼4.3%▼–
AVAHAveanna Healthcare$2.4B20.2%▲–10.5%▲16.2%▲6.68x▼
BKDBrookdale Senior Living$3.2B2.2%▼–0.4%▼0.3%▼–
MDPediatrix Medical$1.9B-4.9%▼–10.9%▲11.7%▲0.66x
ADUSAddus HomeCare$1.4B23.2%▲30.3%▲9.7%▲10.8%0.11x▲
PGNYProgyny$1.3B10.4%▼7.7%▼6.6%▼15.8%▲–
WGSGeneDx$428M40%▲–-3.1%▼-3.2%▼0.17x▲

▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).