TTM
11.5%
YoY change
+0.86pp
Trough year (1991)
5.5%
Peak year (2003)
23.0%
Latest annual
11.5%
Operating Margin history chart for Universal Health Services (UHS) from 1985 to 2025
Latest: 11.5%
Operating Margin change chart for Universal Health Services (UHS) from 1985 to 2025
Latest: +0.86pp
Operating Margin history table for Universal Health Services (UHS) from 1985 to 2025
| 2025 | 11.5% | +0.86pp | ||
| 2024 | 10.6% | +2.40pp | ||
| 2023 | 8.2% | +0.74pp | ||
| 2022 | 7.5% | -3.29pp | ||
| 2021 | 10.8% | -0.97pp | ||
| 2020 | 11.8% | +1.07pp | ||
| 2019 | 10.7% | -0.22pp | ||
| 2018 | 10.9% | -1.39pp | ||
| 2017 | 12.3% | -0.82pp | ||
| 2016 | 13.1% | -0.81pp | ||
| 2015 | 13.9% | +0.74pp | ||
| 2014 | 13.2% | -0.76pp | ||
| 2013 | 13.9% | +0.40pp | ||
| 2012 | 13.5% | +1.58pp | ||
| 2011 | 12.0% | +2.88pp | ||
| 2010 | 9.1% | -0.92pp | ||
| 2009 | 10.0% | +1.84pp | ||
| 2008 | 8.2% | +0.37pp | ||
| 2007 | 7.8% | +0.12pp | ||
| 2006 | 7.7% | -0.30pp | ||
| 2005 | 8.0% | +0.09pp | ||
| 2004 | 7.9% | -15.08pp | ||
| 2003 | 23.0% | +12.85pp | ||
| 2002 | 10.1% | +0.94pp | ||
| 2001 | 9.2% | +0.36pp | ||
| 2000 | 8.8% | +0.91pp | ||
| 1999 | 7.9% | -0.60pp | ||
| 1998 | 8.5% | -0.21pp | ||
| 1997 | 8.7% | -0.06pp | ||
| 1996 | 8.8% | +0.62pp | ||
| 1995 | 8.1% | +1.34pp | ||
| 1994 | 6.8% | +1.06pp | ||
| 1993 | 5.7% | -1.41pp | ||
| 1992 | 7.2% | +1.65pp | ||
| 1991 | 5.5% | -0.97pp | ||
| 1990 | 6.5% | -0.17pp | ||
| 1989 | 6.6% | -1.12pp | ||
| 1988 | 7.8% | +0.39pp | ||
| 1987 | 7.4% | -2.65pp | ||
| 1986 | 10.0% | -3.41pp | ||
| 1985 | 13.4% | — |
- 202511.5%+0.86pp
- 202410.6%+2.40pp
- 20238.2%+0.74pp
- 20227.5%-3.29pp
- 202110.8%-0.97pp
- 202011.8%+1.07pp
- 201910.7%-0.22pp
- 201810.9%-1.39pp
- 201712.3%-0.82pp
- 201613.1%-0.81pp
- 201513.9%+0.74pp
- 201413.2%-0.76pp
- 201313.9%+0.40pp
- 201213.5%+1.58pp
- 201112.0%+2.88pp
- 20109.1%-0.92pp
- 200910.0%+1.84pp
- 20088.2%+0.37pp
- 20077.8%+0.12pp
- 20067.7%-0.30pp
- 20058.0%+0.09pp
- 20047.9%-15.08pp
- 200323.0%+12.85pp
- 200210.1%+0.94pp
- 20019.2%+0.36pp
- 20008.8%+0.91pp
- 19997.9%-0.60pp
- 19988.5%-0.21pp
- 19978.7%-0.06pp
- 19968.8%+0.62pp
- 19958.1%+1.34pp
- 19946.8%+1.06pp
- 19935.7%-1.41pp
- 19927.2%+1.65pp
- 19915.5%-0.97pp
- 19906.5%-0.17pp
- 19896.6%-1.12pp
- 19887.8%+0.39pp
- 19877.4%-2.65pp
- 198610.0%-3.41pp
- 198513.4%—
Operating Margin values are taken from Universal Health Services's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Universal Health Services (UHS)
According to Universal Health Services's latest reported financial statements, the company's latest reported operating margin is 11.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Universal Health Services (UHS) operating margin totalled 11.48% – expanded 0.9 percentage points year-over-year.
The highest annual operating margin of 22.96% was reported in 2003. The lowest in the available history was 5.50% in 1991.
Universal Health Services Operating Margin by Year
Universal Health Services Operating Margin 2025: 11.5%
Universal Health Services operating margin in 2025 was 11.48%, expanded 0.9 percentage points from 2024.
Universal Health Services Operating Margin 2024: 10.6%
2024's operating margin for Universal Health Services came in at 10.63%, expanded 2.4 percentage points from 2023.
Universal Health Services Operating Margin 2023: 8.2%
Universal Health Services posted operating margin of 8.23% in 2023, expanded 0.7 percentage points from 2022.
Universal Health Services Operating Margin 2022: 7.5%
In 2022, Universal Health Services reported operating margin of 7.49%, contracted 3.3 percentage points from 2021.
Universal Health Services Operating Margin 2021: 10.8%
Universal Health Services operating margin in 2021 was 10.78%.
See more financial history for Universal Health Services (UHS).
Sector peers by Operating Margin
Healthcare peers of Universal Health Services (UHS), ranked by their latest operating margin
| 45.9% | |
| 45.3% | |
| 31.6% | |
| 27.6% | |
| 27.6% | |
| 26.4% | |
| 23.7% | |
| 4.2% |
- 45.9%
- 45.3%
- 31.6%
- 27.6%
- 27.6%
- 23.7%
Frequently asked questions
Universal Health Services (UHS) Key Financials
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