Universal Health Services (MEX:UHS) Operating Income: MXN37,371 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:UHS Universal Health Services Inc MEX:UHS
71 GF Score
Price MXN2,539.00
GF Value MXN4,039.02
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Universal Health Services Operating Income?

Universal Health Services MEX:UHS 71 Operating Income is MXN37,371 Mil as of Mar. 2026. GuruFocus rates MEX:UHS with a GF Score™ of 71/100 and a GF Value™ of MXN4,039.02 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Universal Health Services's Operating Income for the three months ended in Mar. 2026 was MXN9,068 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was MXN37,371 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Universal Health Services's Operating Income for the three months ended in Mar. 2026 was MXN9,068 Mil. Universal Health Services's Revenue for the three months ended in Mar. 2026 was MXN81,060 Mil. Therefore, Universal Health Services's Operating Margin % for the quarter that ended in Mar. 2026 was 11.19%.

Universal Health Services's 5-Year average Growth Rate for Operating Margin % was -0.20% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Universal Health Services's annualized ROC % for the quarter that ended in Mar. 2026 was 11.49%. Universal Health Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 24.30%.

Universal Health Services  (MEX:UHS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Universal Health Services's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=36271.696 * ( 1 - 23.54% )/( (245834.937 + 237079.154)/ 2 )
=27733.3387616/241457.0455
=11.49 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=279585.181 - 31269.113 - ( 2481.131 - max(0, 58331.284 - 61361.895+2481.131))
=245834.937

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=282773.33 - 43547.78 - ( 2146.396 - max(0, 58499.485 - 63109.058+2146.396))
=237079.154

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Universal Health Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=36432.472/( ( (132924.127 + max(15339.272, 0)) + (134144.588 + max(17414.882, 0)) )/ 2 )
=36432.472/( ( 148263.399 + 151559.47 )/ 2 )
=36432.472/149911.4345
=24.30 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(46858.646 + 4179.303 + 7842.815) - (31269.113 + 0 + 12272.379)
=15339.272

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(49501.384 + 4136.972 + 7324.306) - (43547.78 + 0 + 0)
=17414.882

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Universal Health Services's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=9067.924/81060.269
=11.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Universal Health Services Operating Income Related Terms

Universal Health Services Operating Income Historical Data

* Premium members only.

The historical data trend for Universal Health Services's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Universal Health Services Operating Income Chart

Universal Health Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27,962.51 19,565.31 19,951.21 35,075.41 35,903.64

Universal Health Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,304.90 9,419.68 9,569.95 9,313.12 9,067.92
MEX:UHS
71GF Score
Universal Health Services Inc MEX:UHS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Universal Health Services Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN37,371 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of MXN37,371 Mil mean?
Universal Health Services (MEX:UHS) has a Operating Income of MXN37,371 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Universal Health Services and its competitors.
Is Universal Health Services' Operating Income too high?
Universal Health Services' current Operating Income is MXN37,371 Mil. Overall, Universal Health Services has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Health Services' Operating Income compare to ENSG and EHC?
Universal Health Services' Operating Income of MXN37,371 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Healthcare Providers & Services company?
A good Operating Income depends on the Healthcare Providers & Services industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Universal Health Services and its competitors. Universal Health Services's current Operating Income is MXN37,371 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Health Services stock overvalued right now?
Based on GuruFocus' analysis, Universal Health Services (MEX:UHS) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN4,039.02, compared to a current price of MXN2,539.00 — trading 37.1% below its estimated fair value. The current Operating Income is MXN37,371 Mil. Universal Health Services' overall GF Score™ is 71/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Universal Health Services (MEX:UHS), the current Operating Income is MXN37,371 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Universal Health Services (MEX:UHS) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Health Services stock appears to be undervalued. The current stock price of MXN2,539.00 is trading 37.1% below its estimated GF Value™ of MXN4,039.02. GuruFocus considers Universal Health Services to be Significantly Undervalued.

Key valuation signals for MEX:UHS:

  • Operating Income: MXN37,371 Mil
  • GF Value™: MXN4,039.02 vs. price of MXN2,539.00 (37.1% below fair value)
  • GF Score™: 71/100 with 1 warning sign

No single metric tells the full story. See the MEX:UHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Universal Health Services Business Description

Address 367 South Gulph Road, Universal Corporate Center, P.O. Box 61558, King Of Prussia, PA, USA, 19406-0958
Universal Health Services Inc offers healthcare services through its behavioral health centers, acute care hospitals, and related outpatient facilities. As of late 2025, the company operated 346 inpatient behavioral health centers, 29 acute care hospitals, and many supportive outpatient facilities. Its operations are concentrated in the U.S, particularly in Nevada (21% of 2025 operating profits), Texas (19%), and California (13%), although it does have some exposure to the UK behavioral health market (6% of 2025 sales) too. While its acute care services account for over 55% of revenue, the behavioral health centers sport higher margins and account for over 55% of pretax profits.
71GF Score

Get the complete analysis for MEX:UHS

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,539.00
Price
MXN4,039.02
GF Value