CYH · NYSE · Healthcare
Community Health Systems, Inc. (CYH) — Rank #14 by gross profitability (GP/assets 0.87) · ROE -36.6% · Piotroski F-Score 8 / 9.
As-of 2026-10-30 · CIK 0001108109 · all metrics point-in-time as of the filing date.
About
Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States.
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The company offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services. It also provides outpatient services at primary care practices, urgent care centers, free-standing emergency departments, ambulatory surgery centers, imaging and diagnostic centers, and direct-to-consumer virtual health visits. Community Health Systems, Inc.
was founded in 1985 and is headquartered in Franklin, Tennessee.
- Industry
- Medical Care Facilities
- Sector
- Healthcare
- State
- DE
- Filer Category
- Accelerated filer
- Fiscal Year End
- December 31
- Website
- chs.net
Company Snapshot
P/E and dividend yield are the primary valuation lenses for mature businesses.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
44,000
Industry
Medical Care Facilities
Exchange
NYSE
10/12
Flags passed
CYH fails 1 critical flag
Passes 10 of 12 quality flags, 1 caution
- FAILRevenue declining YoY
Revenue contracted year over year
- CAUTIONDilution above 2%
Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
- PASSGross margin holding
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Operating leverage expanding · Sequential beat (rev + EPS)
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
0/2 passDividend yield and payout ratio are the primary reads at this stage (trailing P/E — see valuation above).
Profitability
Does it make money well?
Warning: Revenue declining YoY · GP/assets 0.87
Gross profitability (GP / assets)
0.87
Primary signal (Novy-Marx).
1st of 7 SIC 80 peers
Return on equity
-36.6%
Gross margin
85.1%
1st of 7 SIC 80 peers
Revenue growth (YoY)
-1.2%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
0.7%
Revenue CAGR (5Y)
1.2%
Earnings CAGR (3Y)
122.8%
FCF CAGR (3Y)
—
Cash Flow Health
Is the cash real?
No warning flags · FCF 59% below net income
Free cash flow
$208.00M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
-59.1%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.1%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
Caution: Dilution above 2% · net debt $9.40B, F-Score 8/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
—
Current ratio
1.53×
6th of 7 SIC 80 peers
Quick ratio
1.14×
Net cash
-$9.40B
Cash & equivalents minus total debt.
Piotroski F-Score
8 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
3.3 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports