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Hospitals

The 23 companies in this industry listed on the NYSE and Nasdaq are worth $154 bn combined; the largest are HCA Healthcare (HCA), Tenet Healthcare (THC) and Universal Health Services (UHS). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Clear leader
23 companies value 154 bn revenue 158 bn margin 6.6% free cash flow 11 bn avg. score 3.8
HCA holds 64.2% of the group's value, 4.6x the runner-up
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 HCA HCA Healthcare
United States · score 4.7
 64% 99 bn 78 bn 8.8% 6.0 bn 6.1% 0.7% The largest private hospital network in the United States · Largest private US hospital network
2 THC Tenet Healthcare
United States · score 7.6
 14% 21 bn 22 bn 10.9% 3.0 bn 14.1% 3.9% Hospitals, surgery centers and health services · Hospital network + high-margin ambulatory surgery centers
3 UHS Universal Health Services
United States · score 6.3
 7% 11 bn 18 bn 8.4% 0.8 bn 7.9% 0.5% General and behavioral health hospitals · US leader in psychiatric and behavioral health hospitals
4 CON Concentra Group Holdings Parent, Inc.
United States · score 5.9
 3% 4.9 bn 2.3 bn 8.7% 0.3 bn 5.5% 0.7% Occupational medicine and workplace injury clinics · Texas — revenue of $2.3bn
5 LFST LifeStance Health Group, Inc.
United States · score 5.2
 3% 4.5 bn 1.6 bn 3.2% 0.2 bn 3.9% — In-person and virtual mental health care, with a network of clinicians · Arizona — revenue of $1.6bn
6 ACHC Acadia Healthcare Company, Inc.
United States · score 0.1
 2% 2.8 bn 3.4 bn -33.4% -0.1 bn -4.8% 0.2% Behavioral health hospitals and clinics · Tennessee — revenue of $3.4bn
7 MD Pediatrix Medical Group, Inc.
United States · score 6.6
 1% 2.2 bn 1.9 bn 9.0% 0.3 bn 11.1% — Neonatology, maternal-fetal medicine and specialty pediatrics · Florida — revenue of $2bn
8 SGRY Surgery Partners, Inc.
United States · score 2.0
 1% 1.9 bn 3.4 bn -2.6% 0.2 bn 9.7% 11.1% National network of surgery centers and ancillary services · Tennessee — revenue of $3.4bn
9 ARDT Ardent Health
United States · score 6.6
 1% 1.6 bn 6.4 bn 1.2% 0.5 bn 31.2% — Hospitals in eight US urban markets · Hospitals run in partnership with universities and local health systems
10 NUTX Nutex Health Inc.
United States · score 7.6
 1% 1.3 bn 0.8 bn 21.2% 0.3 bn 20.9% — Network of 26 hospitals and population health management · Texas — revenue of $847m
11 STLN Starling Oncology, Inc.
United States · score 0.0
 0% 0.7 bn 0.6 bn -6.2% 0.0 bn -0.5% — Oncology with a physician network and referrals · California — revenue of $587m
12 SBC SBC Medical Group Holdings Inc
United States · score 7.4
 0% 0.6 bn 0.2 bn 28.0% 0.1 bn 11.2% — Medical aesthetics clinics in Japan and Southeast Asia · California — revenue of $175m
13 GMRS GMR Solutions Inc.
United States · score 4.7
 0% 0.5 bn 5.9 bn — — — — — Ambulances and out-of-hospital medical care · Texas — revenue of $5.9bn
14 MCTA Charming Medical Ltd
Hong Kong · score 0.8
 0% 0.5 bn 0.0 bn -0.5% 0.0 bn -0.3% — Wellness and beauty services based on traditional Chinese medicine, for women and men, in Hong Kong · Hong Kong — revenue of $5m
15 CYH Community Health Systems
United States · score 0.0
 0% 0.4 bn 12 bn 2.1% -0.2 bn -47.5% 40.6% General and specialty hospitals · Hospitals in midsize towns, where it is often the only option
16 AUNA AUNA S.A.
Luxembourg · score 5.6
 0% 0.4 bn 1.3 bn 2.5% 0.2 bn 41.9% 0.1% Hospitals, clinics and health plans in Peru, Mexico and Colombia · Luxembourg — revenue of $1.3bn
17 SY So-Young International Inc.
China · score 0.2
 0% 0.2 bn 0.2 bn -15.9% -0.0 bn -19.1% 1.2% Medical aesthetics platform and clinics in China · China — revenue of $218m
18 AIRS Airsculpt Technologies, Inc.
United States · score 2.5
 0% 0.1 bn 0.1 bn -7.8% 0.0 bn 0.8% — AirSculpt body contouring clinics · Florida — revenue of $151m
19 JYNT JOINT Corp
United States · score 5.7
 0% 0.1 bn 0.1 bn 5.0% 0.0 bn 4.1% — Franchised network of chiropractic clinics · Arizona — revenue of $59m
20 ALPS Alps Group Inc
Malaysia · score 0.0
 0% 0.1 bn 0.0 bn -43.0% 0.0 bn -4.7% — Medical center and aesthetic clinic, genomics lab and biotech research in Malaysia · Malaysia — revenue of $5m
21 CCEL CRYO CELL INTERNATIONAL INC
United States · score 2.4
 0% 0.0 bn 0.0 bn -6.2% 0.0 bn 12.4% — Umbilical cord blood stem cell bank, since 1989 · Florida — revenue of $31m
22 NIVF NewGenIvf Group Ltd
Thailand · score 3.7
 — — 0.0 bn 41.7% -0.0 bn — — In vitro fertilization clinics in Asia · Thailand — revenue of $24m
23 BMGL Basel Medical Group Ltd
Singapore · score 0.9
 — — 0.0 bn -94.0% 0.0 bn — — — Medical group and clinics in Singapore · Singapore — revenue of $9m

Other industries in the same sector

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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