Universal Health Services (UHS) Cost of Revenue (2009 - 2026)
Universal Health Services' (UHS) quarterly Cost of Revenue came in at $1.3 billion in Q1 2026, up 218.69% YoY from $402.9 million in Q1 2025, and down 64.57% on a QoQ basis from $3.6 billion in Q4 2025.
Analysis
Universal Health Services (UHS) Cost of Revenue (2009 - 2026) Analysis & Trends
Universal Health Services (UHS) has 18 years of Cost of Revenue data on file, last reported at $1.3 billion in Q1 2026.
- Quarterly Cost of Revenue rose 218.69% year-over-year to $1.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $5.7 billion (up 56.05% YoY) and the FY2025 annual result came in at $4.9 billion, up 12.81% from the prior year.
- Cost of Revenue declined to $1.3 billion in Q1 2026, from $3.6 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $3.6 billion in Q4 2025 to a low of -$1.1 billion in Q4 2022.
- A 5-year average of $856.3 million and a median of $867.9 million in 2022 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue sank 153.04% — and 2026, when it surged 218.69%.
- Tracing UHS's Cost of Revenue over 5 years: stood at -$1.1 billion in 2022, then soared by 194.96% to $998.7 million in 2023, then gained by 14.44% to $1.1 billion in 2024, then soared by 217.09% to $3.6 billion in 2025, then tumbled by 64.57% to $1.3 billion in 2026.
- The last three Cost of Revenue figures came in at $1.3 billion (Q1 2026), $3.6 billion (Q4 2025), and $414.6 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 5.04 Bn |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 1.17 Bn |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 254.90 Mn |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 2.39 Bn |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 1.35 Bn |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 1.13 Bn |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 451.78 Mn |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 1.09 Bn |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 413.93 Mn |
| 10 | Option Care Health | 3.74 Bn | 3.55 Bn | 267.25 Mn | 1.18 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.35 Bn |
| Mar 31, 2026 | 1.28 Bn |
| Dec 31, 2025 | 1.30 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.16 Bn |
| Mar 31, 2025 | 1.11 Bn |
| Dec 31, 2024 | 1.14 Bn |
| Sep 30, 2024 | 1.09 Bn |
| Jun 30, 2024 | 1.04 Bn |
| Mar 31, 2024 | 1.03 Bn |
| Dec 31, 2023 | 998.73 Mn |
| Sep 30, 2023 | 941.22 Mn |
| Jun 30, 2023 | 938.31 Mn |
| Mar 31, 2023 | 878.95 Mn |
| Dec 31, 2022 | 919.67 Mn |
| Sep 30, 2022 | 837.24 Mn |
| Jun 30, 2022 | 867.89 Mn |
| Mar 31, 2022 | 820.93 Mn |
| Dec 31, 2021 | 802.28 Mn |
| Sep 30, 2021 | 754.07 Mn |