CompaniesRanked

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

Largest healthcare companies by shareholders' equity

Shareholders' equity is what remains after subtracting liabilities from assets — the accounting book value of the company, not its market value. 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 288 · Fiscal year 2025 · Data as of September 25, 2026

UnitedHealth Group (UNH) tops the list with $100B in shareholders' equity for fiscal 2025, ahead of Pfizer ($86.5B) and Johnson & Johnson ($81.5B). The top 10 together report $631B in shareholders' equity; the gap between #1 and #10 is ×2.40. 288 companies in Healthcare report shareholders' equity, 11.1% of the 2599-filer universe. The last place on the list, Adapthealth, comes in at $1.5B.

Shareholders' equity
#CompanyShareholders' equityYoY15-year trend
1UnitedHealth GroupUNHUS$100B+1.9%
2PfizerPFEUS$86.5B−2.0%
3Johnson & JohnsonJNJUS$81.5B+14.1%
4CVS HealthCVSUS$75.2B−0.5%
5MerckMRKUS$52.6B+13.6%
6Abbott LaboratoriesABTUS$52.1B+9.4%
7MedtronicMDTIE$49.0B−0.8%
8AstraZenecaAZNGB$48.7B+19.3%
9Elevance HealthELVUS$43.9B+6.2%
10Cigna GroupCIUS$41.7B+1.7%
11Regeneron PharmaceuticalsREGNUS$31.3B+6.5%
12Novo Nordisk A SNVODK$30.5B+52.7%
13AflacAFLUS$29.5B+13.0%
14Eli LillyLLYUS$26.5B+85.9%
15Becton DickinsonBDXUS$25.3B+0.3%
16Boston ScientificBSXUS$24.2B+11.3%
17Gilead SciencesGILDUS$22.7B+17.4%
18BiontechBNTXDE$22.6B+12.0%
19StrykerSYKUS$22.4B+8.7%
20GSKGSKGB$22.1B+28.7%
21AlconALCUS$22.0B+2.2%
22CenteneCNCUS$20.0B−24.4%
23Vertex PharmaceuticalsVRTXUS$18.7B+13.7%
24Bristol Myers SquibbBMYUS$18.5B+13.1%
25BiogenBIIBUS$18.3B+9.2%
26Intuitive SurgicalISRGUS$17.8B+8.5%
27HumanaHUMUS$17.7B+7.8%
28Fresenius Medical CareFMSDE$15.6B+3.3%
29ViatrisVTRSUS$14.7B−21.1%
30Koninklijke PhilipsPHGNL$12.9B+3.2%
31Zimmer BiometZBHUS$12.7B+1.8%
32Principal FinancialPFGUS$11.9B+7.2%
33Unum GroupUNMUS$11.1B+1.4%
34MedlineMDLNUS$10.7B—
35GE Healthcare TechnologiesGEHCUS$10.4B+22.9%
36Edwards LifesciencesEWUS$10.3B+3.4%
37Royalty PharmaRPRXUS$9.7B−6.1%
38IconICLRIE$9.2B−2.6%
39AmgenAMGNUS$8.7B+47.3%
40ModernaMRNAUS$8.7B−20.6%
41Labcorp HoldingsLHUS$8.6B+7.0%
42Cooper CompaniesCOOUS$8.4B+2.9%
43Teva Pharmaceutical IndustriesTEVAIL$7.9B+47.2%
44Universal Health ServicesUHSUS$7.3B+9.1%
45Quest DiagnosticsDGXUS$7.2B+5.8%
46SterisSTEIE$7.2B+11.5%
47United TherapeuticsUTHRUS$7.1B+10.1%
48Elanco Animal HealthELANUS$6.5B+7.4%
49IQVIA HoldingsIQVUS$6.5B+7.2%
50Bausch & LombBLCOCA$6.4B−0.4%
51ResmedRMDUS$6.3B+20.3%
52Baxter InternationalBAXUS$6.1B−12.0%
53Biomarin PharmaceuticalBMRNUS$6.1B+7.6%
54GenmabGMABDK$5.8B+13.8%
55Smith & NephewSNNGB$5.3B+0.5%
56IncyteINCYUS$5.2B+49.9%
57SolventumSOLVUS$5.0B+70.6%
583MMMMUS$4.7B+22.4%
59Globus MedicalGMEDUS$4.6B+9.5%
60Sinovac BiotechSVACN$4.4B−46.3%
61Beone MedicinesONCCH$4.4B+30.9%
62Jazz PharmaceuticalsJAZZIE$4.3B+5.5%
63Tenet HealthcareTHCUS$4.2B+1.2%
64Molina HealthcareMOHUS$4.1B−9.5%
65Align TechnologyALGNUS$4.0B+5.1%
66Lakefront BiotherapeuticsLKFTBE$3.8B+26.3%
67QiagenQGENNL$3.8B+5.9%
68Minimed GroupMMEDUS$3.5B−0.7%
69ZoetisZTSUS$3.4B−28.4%
70Neurocrine BiosciencesNBIXUS$3.3B+25.6%
71West Pharmaceutical ServicesWSTUS$3.2B+18.4%
72Charles River Laboratories InternationalCRLUS$3.2B−8.6%
73TeleflexTFXUS$3.1B−27.0%
74Envista HoldingsNVSTUS$3.1B+5.8%
75PerrigoPRGOIE$2.9B−32.0%
76DexcomDXCMUS$2.7B+30.6%
77Cno FinancialCNOUS$2.6B+4.9%
78GrailGRALUS$2.6B+3.0%
79Encompass HealthEHCUS$2.4B+18.0%
80Exact SciencesEXASUS$2.4B−0.0%
81Ensign GroupENSGUS$2.2B+21.5%
82ExelixisEXELUS$2.2B−3.7%
83Icu MedicalICUIUS$2.1B+8.1%
84RepligenRGENUS$2.1B+6.8%
85NeogenNEOGUS$2.1B−21.2%
86Bio-TechneTECHUS$2.0B−3.2%
87Acadia HealthcareACHCUS$1.9B−36.6%
88QuidelorthoQDELUS$1.9B−35.7%
89CencoraCORUS$1.9B+742.2%
90Brightspring Health ServicesBTSGUS$1.9B+13.8%
91Prestige Consumer HealthcarePBHUS$1.8B+2.3%
92AlkermesALKSIE$1.8B+24.2%
93Integer HoldingsITGRUS$1.7B+7.9%
94Stevanato GroupSTVNIT$1.7B+19.7%
95Surgery PartnersSGRYUS$1.7B−4.3%
96NateraNTRAUS$1.7B+43.2%
97Idexx LaboratoriesIDXXUS$1.6B+0.6%
98Merit Medical SystemsMMSIUS$1.6B+14.9%
99Lifestance HealthLFSTUS$1.5B+5.2%
100AdapthealthAHCOUS$1.5B−3.3%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Largest healthcare companies by shareholders' equity |url=https://companiesranked.com/en/largest-healthcare-companies-by-shareholders-equity |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Largest healthcare companies by shareholders' equity. CompaniesRanked. https://companiesranked.com/en/largest-healthcare-companies-by-shareholders-equity

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@misc{companiesranked-en-largest-healthcare-companies-by-shareholders-equity-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest healthcare companies by shareholders' equity}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-healthcare-companies-by-shareholders-equity}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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