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Mar 31

UHS Q1 2025 Earnings Report

Universal Health Services reported higher revenue and net income for Q1 2025.

Key Takeaways

Universal Health Services delivered strong revenue growth and earnings improvement, led by acute care services, despite cash flow pressures from delayed Medicaid payments.

Revenue grew 6.7% year-over-year to $4.10 billion.

Net income rose to $316.7 million from $261.8 million last year.

Adjusted EPS reached $4.84, up from $3.70 a year ago.

Operating income increased significantly to $454.8 million.

Total Revenue
$4.1B
Previous year: $3.84B
+6.7%
EPS
$4.84
Previous year: $3.7
+30.8%
Avg Licensed Beds
6.85K
Previous year: 6.66K
+3.0%
Avg Available Beds
6.68K
Previous year: 6.49K
+3.0%
Patient Days
420.69K
Previous year: 415.33K
+1.3%
Gross Profit
$455M
Previous year: $389M
+17.0%
Cash and Equivalents
$127M
Previous year: $112M
+13.1%
Free Cash Flow
$360M
Previous year: $188M
+91.7%
Total Assets
$14.9B
Previous year: $14B
+5.9%

UHS

UHS

UHS Revenue by Segment

Forward Guidance

The company is cautiously optimistic but highlights uncertainties in Medicaid reimbursements and ongoing legal matters.

Positive Outlook

  • Strong revenue growth in acute care services.
  • Behavioral health segment maintains solid revenue growth.
  • Improved operating margins versus prior year.
  • Solid liquidity with $1.02 billion in borrowing capacity.
  • EPS growth supported by stock buybacks.

Challenges Ahead

  • Cash flow impacted by delays in Medicaid supplement payments.
  • Behavioral health admissions slightly declined.
  • Continued litigation risks surrounding past incidents.
  • Interest expense remains a pressure point.
  • Potential reimbursement rate changes from government programs.

Revenue & Expenses

Visualization of income flow from segment revenue to net income