Universal Health Services (UHS) FY2024 results: revenue $15.8 billion, up 10.8% on the year
Universal Health Services Inc. (UHS) reported revenue of $15.8 billion for fiscal 2024, the year ended 31 December 2024, up 10.8% on the year before. Net income was $1.1 billion, up 59.1%, and diluted earnings per share $16.82. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$15.8 billion
+10.8% on the year
FY2017FY2024
Operating margin
10.6%
8.2% a year earlier
FY2017FY2024
Net income
$1.1 billion
+59.1% on the year
FY2017FY2024
Diluted EPS
$16.82
+64.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,067
1,268
996
+63.0%
Capital expenditure
944
743
734
+27.0%
Free cash flow
1,123
525
262
+114.1%
Free cash flow margin
7.1%
3.7%
2.0%
Cash from investing
-911
-763
-647
Cash from financing
-1,145
-494
-318
Depreciation and amortisation
585
568
582
+3.0%
Share-based compensation
99.3
87.7
85.4
+13.3%
Buybacks
671
547
833
+22.5%
Dividends paid
53.3
55.5
58.4
-3.8%
Dividend per share
$0.80
$0.80
$0.80
0.0%
Diluted shares, weighted
68m
70m
74m
-3.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
6,666
6,149
5,921
+8.4%
Non-controlling interest
83.3
47.7
44.8
+74.6%
Redeemable equity
13.3
5.2
4.7
+156.1%
Debt
4,505
4,912
4,808
-8.3%
Operating lease liabilities
376
383
396
-1.7%
Finance lease liabilities
87.2
69.6
72.5
+25.3%
Other liabilities
2,739
2,401
2,248
+14.1%
Total liabilities and equity
14,470
13,968
13,494
+3.6%
Fixed assets
6,572
6,125
5,918
+7.3%
Goodwill
3,933
3,932
3,909
+0.0%
Intangible assets
76.3
77.0
78.1
-1.0%
Cash and equivalents
126
119
103
+5.5%
Receivables
2,178
2,238
2,018
-2.7%
Other assets
1,585
1,476
1,468
+7.4%
Total assets
14,470
13,968
13,494
+3.6%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.