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Services-general medical & surgical hospitals, nec company · DE · FY ends Dec · Revenue $17.76B · 11.50% margin · $913M FCF
11.48% operating margin is respectable but not wide. ROIC at 12.65%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 9.7%, steady but not accelerating. Free cash flow declined 24% despite revenue growth, conversion is weakening.
Free cash flow declined 24% versus the prior year, cash generation momentum has weakened. Net debt of $5.12B represents 6.0x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$17.76B
▲ +9.7% YoY
Net Income (TTM)
$1.52B
▲ +30.4% YoY
Op. Margin
11.50%
▲ +0.9pp YoY
ROIC
12.70%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$913M
▼ -24.4% YoY
Op. Cash Flow (TTM)
$1.91B
▼ -9.8% YoY
Net Debt
$5.01B
Cash & Equiv.
$119M
5Y CAGR: +8.5%
5Y CAGR: -12.2%
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