Universal Health Services
Universal Health Services returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 13.22% | 16.27% | 23.72% | 20.99% | 9.87% | 5.5 pp |
| FY 2026 Q1 | Mar 31, 2026 | 13.31% | 16.35% | 30.07% | 21.34% | 9.95% | 5.6 pp |
| FY 2025 Q4 | Dec 31, 2025 | 13.24% | 16.25% | 26.9% | 21.36% | 9.93% | 5.5 pp |
| FY 2025 Q3 | Sep 30, 2025 | 12.96% | 15.89% | 50.4% | 19.97% | 9.26% | 5.3 pp |
| FY 2025 Q2 | Jun 30, 2025 | 12.39% | 14.74% | 48.38% | 18.66% | 8.68% | 4.7 pp |
| FY 2025 Q1 | Mar 31, 2025 | 11.99% | 14.26% | 103.3% | 18.35% | 8.28% | 4.3 pp |
| FY 2024 Q4 | Dec 31, 2024 | 11.81% | 13.89% | 294.12% | 17.82% | 8.03% | 4.1 pp |
| FY 2024 Q3 | Sep 30, 2024 | 10.83% | 12.72% | 127.62% | 16.19% | 7.27% | 3.1 pp |
| FY 2024 Q2 | Jun 30, 2024 | 10.31% | 12.21% | 144.23% | 14.86% | 6.72% | 2.6 pp |
| FY 2024 Q1 | Mar 31, 2024 | 9.13% | 10.86% | 64.23% | 13.31% | 5.92% | 1.4 pp |
| FY 2023 Q4 | Dec 31, 2023 | 8.3% | 9.99% | 43.2% | 11.89% | 5.23% | 0.6 pp |
| FY 2023 Q3 | Sep 30, 2023 | 7.82% | 9.48% | 9.66% | 11.35% | 4.96% | 0.1 pp |
| FY 2023 Q2 | Jun 30, 2023 | 7.84% | 9.53% | -0.47% | 11.63% | 5.12% | 0.1 pp |
| FY 2023 Q1 | Mar 31, 2023 | 7.62% | 9.25% | -32.83% | 11.53% | 5.13% | -0.1 pp |
| FY 2022 Q4 | Dec 31, 2022 | 7.27% | 8.85% | -69.52% | 11.25% | 5.08% | -0.4 pp |
| FY 2022 Q3 | Sep 30, 2022 | 7.82% | 9.46% | -52.86% | 12.2% | 5.64% | 0.1 pp |
| FY 2022 Q2 | Jun 30, 2022 | 8.16% | 9.89% | -65.78% | 12.61% | 5.94% | 0.5 pp |
| FY 2022 Q1 | Mar 31, 2022 | 10.1% | 11.9% | -12.82% | 15.13% | 7.14% | 2.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 10.79% | 12.33% | 0.59% | 15.98% | 7.46% | 3.1 pp |
| FY 2021 Q3 | Sep 30, 2021 | 12.11% | 13.79% | 9.93% | 17.34% | 8.22% | 4.4 pp |
| FY 2021 Q2 | Jun 30, 2021 | 12.2% | 14.45% | 23.6% | 17.82% | 8.69% | 4.5 pp |
| FY 2021 Q1 | Mar 31, 2021 | 11.57% | 13.64% | 107.36% | 16.95% | 8.18% | 3.9 pp |
| FY 2020 Q4 | Dec 31, 2020 | 11.15% | 12.87% | — | 15.97% | 7.51% | 3.5 pp |
| FY 2020 Q3 | Sep 30, 2020 | 10.96% | 12.65% | — | 15.51% | 7.17% | 3.3 pp |
| FY 2020 Q2 | Jun 30, 2020 | 9.35% | 11.19% | — | 13.29% | 6.16% | 1.6 pp |
| FY 2020 Q1 | Mar 31, 2020 | 9.13% | 11.12% | — | 13.27% | 6.19% | 1.4 pp |
| FY 2019 Q4 | Dec 31, 2019 | 10.01% | 12.21% | 26.1% | 14.96% | 7.11% | 2.3 pp |
| FY 2019 Q3 | Sep 30, 2019 | 9.45% | 11.66% | — | 13.54% | 6.36% | 1.7 pp |
| FY 2019 Q2 | Jun 30, 2019 | 9.99% | 12.13% | — | 14.98% | 7.03% | 2.3 pp |
| FY 2019 Q1 | Mar 31, 2019 | 9.95% | 12.12% | — | 14.77% | 6.95% | 2.3 pp |
| FY 2018 Q4 | Dec 31, 2018 | 9.87% | 12.55% | — | 15.02% | 7.08% | 2.2 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 13.39% | — | 16.45% | 7.68% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 13.31% | — | 16.01% | 7.5% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 13.72% | — | 15.48% | 7.17% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 14.29% | — | 15.8% | 7.14% | — |
| FY 2017 Q3 | Sep 30, 2017 | 9.64% | 14.24% | -2.46% | 15.27% | 6.96% | 1.9 pp |
| FY 2017 Q2 | Jun 30, 2017 | 9.8% | 14.58% | -1.64% | 15.74% | 7.14% | 2.1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 10.2% | 15.22% | -1.86% | 15.9% | 7.17% | 2.5 pp |
| FY 2016 Q4 | Dec 31, 2016 | 10.1% | 14.62% | 0.29% | 15.99% | 7.04% | 2.4 pp |
| FY 2016 Q3 | Sep 30, 2016 | 10.97% | 15.71% | 1.57% | 16.46% | 7.44% | 3.3 pp |
| FY 2016 Q2 | Jun 30, 2016 | 11.21% | 15.93% | 10.14% | 16.75% | 7.52% | 3.5 pp |
| FY 2016 Q1 | Mar 31, 2016 | 11.56% | 16.41% | 22.66% | 17.01% | 7.47% | 3.9 pp |
| FY 2015 Q4 | Dec 31, 2015 | 14.29% | 15.43% | 3.46% | 17.04% | 7.31% | 6.6 pp |
| FY 2015 Q3 | Sep 30, 2015 | 11.53% | 15.94% | 106.94% | 17.57% | 7.48% | 3.8 pp |
| FY 2015 Q2 | Jun 30, 2015 | 11% | 15.16% | 25.65% | 16.09% | 6.95% | 3.3 pp |
| FY 2015 Q1 | Mar 31, 2015 | 10.67% | 14.78% | 15.17% | 15.94% | 6.64% | 3 pp |
| FY 2014 Q4 | Dec 31, 2014 | 19.13% | 14.14% | 9.75% | 15.61% | 6.31% | 11.4 pp |
| FY 2014 Q3 | Sep 30, 2014 | 9.29% | 13.01% | -6.54% | 14.81% | 5.74% | 1.6 pp |
| FY 2014 Q2 | Jun 30, 2014 | 9.97% | 14.04% | 20.74% | 16.18% | 6.27% | 2.3 pp |
| FY 2014 Q1 | Mar 31, 2014 | 10.11% | 14.21% | 79.1% | 16.99% | 6.32% | 2.4 pp |
| FY 2013 Q4 | Dec 31, 2013 | 21.08% | 13.95% | 6.84% | 17.13% | 6.19% | 13.4 pp |
| FY 2013 Q3 | Sep 30, 2013 | 10.44% | 14.68% | — | 18.24% | 6.47% | 2.7 pp |
| FY 2013 Q2 | Jun 30, 2013 | 10.03% | 14.02% | — | 17.33% | 5.96% | 2.3 pp |
| FY 2013 Q1 | Mar 31, 2013 | 9.34% | 12.88% | — | 16.52% | 5.4% | 1.6 pp |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | — | — | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | — | — | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · UHS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.