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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Healthcare companies with the most long-term debt

Long-term debt is borrowing due more than a year out. A large figure is normal for capital-intensive businesses and says nothing on its own about financial health. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–100 of 246 · Fiscal year 2025 · Data as of September 25, 2026

UnitedHealth Group (UNH) tops the list with $72.3B in long-term debt for fiscal 2025, ahead of AbbVie ($64.5B) and Pfizer ($61.6B). The top 10 together report $520B in long-term debt; the gap between #1 and #10 is ×1.83. 246 companies in Healthcare report long-term debt, 10.9% of the 2263-filer universe. The last place on the list, Sarepta Therapeutics, comes in at $829M.

Long-term debt
#CompanyLong-term debtYoY15-year trend
1UnitedHealth GroupUNHUS$72.3B−0.1%
2AbbVieABBVUS$64.5B−3.5%
3PfizerPFEUS$61.6B+7.4%
4CVS HealthCVSUS$60.5B−0.0%
5AmgenAMGNUS$50.0B−11.6%
6MerckMRKUS$46.8B+35.7%
7Bristol Myers SquibbBMYUS$42.9B−10.0%
8HCA HealthcareHCAUS$41.6B+8.5%
9Eli LillyLLYUS$40.9B+43.3%
10Johnson & JohnsonJNJUS$39.4B+28.7%
11Cigna GroupCIUS$30.9B+6.7%
12Elevance HealthELVUS$30.8B+5.4%
13Teva Pharmaceutical IndustriesTEVAIL$28.8B−11.4%
14MedtronicMDTIE$27.9B+16.2%
15AstraZenecaAZNGB$24.7B−6.8%
16Gilead SciencesGILDUS$22.1B−11.1%
17Bausch Health CompaniesBHCCA$20.6B+8.7%
18GSKGSKGB$19.8B+8.0%
19Novo Nordisk A SNVODK$18.7B+49.8%
20CenteneCNCUS$17.4B−5.8%
21Becton DickinsonBDXUS$16.9B−3.0%
22StrykerSYKUS$14.9B+21.9%
23IQVIA HoldingsIQVUS$13.9B+8.1%
24Tenet HealthcareTHCUS$13.1B+0.1%
25MedlineMDLNUS$12.5B−24.0%
26ViatrisVTRSUS$12.5B−11.1%
27HumanaHUMUS$12.4B+11.0%
28Boston ScientificBSXUS$11.1B+24.2%
293MMMMUS$10.9B−1.7%
30Community Health SystemsCYHUS$10.4B−9.2%
31DavitaDVAUS$10.2B+10.8%
32Abbott LaboratoriesABTUS$9.9B−21.6%
33GE Healthcare TechnologiesGEHCUS$9.5B+27.5%
34Baxter InternationalBAXUS$9.4B−28.4%
35ZoetisZTSUS$9.0B+73.2%
36OrganonOGNUS$8.6B−2.6%
37Royalty PharmaRPRXUS$8.6B+29.6%
38Cardinal HealthCAHUS$8.3B+18.2%
39Koninklijke PhilipsPHGNL$8.1B+10.3%
40CencoraCORUS$7.6B+27.7%
41Zimmer BiometZBHUS$6.9B+29.8%
42Fresenius Medical CareFMSDE$6.7B+2.8%
43McKessonMCKUS$6.6B+17.4%
44BiogenBIIBUS$6.3B+38.3%
45Quest DiagnosticsDGXUS$5.2B−8.0%
46Labcorp HoldingsLHUS$5.1B−4.6%
47SolventumSOLVUS$5.0B−35.5%
48Bausch & LombBLCOCA$5.0B+5.8%
49GenmabGMABDK$5.0B+$5.0B
50Jazz PharmaceuticalsJAZZIE$4.3B−28.8%
51Brookdale Senior LivingBKDUS$4.2B+4.8%
52AlconALCUS$4.2B−8.3%
53Universal Health ServicesUHSUS$4.0B−10.3%
54Principal FinancialPFGUS$3.9B−0.7%
55Unum GroupUNMUS$3.8B+8.7%
56Molina HealthcareMOHUS$3.8B+28.8%
57Elanco Animal HealthELANUS$3.8B−12.0%
58Surgery PartnersSGRYUS$3.7B+9.7%
59PerrigoPRGOIE$3.6B+0.6%
60IconICLRIE$2.9B−15.4%
61QuidelorthoQDELUS$2.7B+8.4%
62Amneal PharmaceuticalsAMRXUS$2.6B+18.7%
63TeleflexTFXUS$2.5B+63.3%
64Acadia HealthcareACHCUS$2.5B+31.5%
65Brightspring Health ServicesBTSGUS$2.5B−4.2%
66Encompass HealthEHCUS$2.4B+3.7%
67Halozyme TherapeuticsHALOUS$2.1B+42.3%
68Charles River Laboratories InternationalCRLUS$2.1B−4.6%
69Sotera HealthSHCUS$2.1B−3.7%
70Dentsply SironaXRAYUS$2.0B+27.0%
71Bridgebio PharmaBBIOUS$2.0B+359.0%
72Regeneron PharmaceuticalsREGNUS$2.0B+0.1%
73HerbalifeHLFKY$2.0B−0.2%
74SterisSTEIE$1.9B−6.9%
75Cooper CompaniesCOOUS$1.9B−24.6%
76AdapthealthAHCOUS$1.7B−12.7%
77QiagenQGENNL$1.7B+97.0%
78Concentra Group Holdings ParentCONUS$1.6B+6.4%
79Guardant HealthGHUS$1.5B+31.6%
80Envista HoldingsNVSTUS$1.4B+13.3%
81EmbectaEMBCUS$1.4B−11.8%
82Ionis PharmaceuticalsIONSUS$1.3B+10.4%
83Smith & NephewSNNGB$1.3B−8.6%
84Aveanna HealthcareAVAHUS$1.3B+1.2%
85Icu MedicalICUIUS$1.3B−17.4%
86AlvotechALVOLU$1.3B+21.8%
87EnovisENOVUS$1.3B−3.6%
88Integer HoldingsITGRUS$1.2B+20.9%
89Option Care HealthOPCHUS$1.2B+4.5%
90Ardent HealthARDTUS$1.1B−0.9%
91RadnetRDNTUS$1.1B+7.4%
92Fortrea HoldingsFTREUS$1.0B−0.2%
93Prestige Consumer HealthcarePBHUS$1.0B+3.4%
94Beone MedicinesONCCH$962M+477.8%
95InsuletPODDUS$931M−28.2%
96HaemoneticsHAEUS$920M−24.6%
97Kindercare Learning CompaniesKLCUS$918M−0.1%
98Cno FinancialCNOUS$917M+0.2%
99ConmedCNMDUS$834M−7.8%
100Sarepta TherapeuticsSRPTUS$829M−27.1%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Healthcare companies with the most long-term debt |url=https://companiesranked.com/en/healthcare-companies-with-the-most-debt |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-healthcare-companies-with-the-most-debt-2026,
  author       = {{CompaniesRanked}},
  title        = {{Healthcare companies with the most long-term debt}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/healthcare-companies-with-the-most-debt}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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