Highest free cash flow yield Healthcare stocks
Free cash flow as a share of market value: how much cash the business produced for each dollar of stock. Healthcare companies worth over $1 billion, highest first.
Top of the list: Bausch Health Companies (BHC) 43.4%; Teladoc (TDOC) 28.4%; Novo Nordisk A/S (NVO) 18.0%.
The median fcf yield across these 50 companies is 9.8%.
| # | Company | FCF yield | P/FCF | P/E | Market cap | Revenue growth |
|---|---|---|---|---|---|---|
| 1 | Bausch Health Companies IncBHC | 43.4% | 2.31x | 15.4x | $2.3B | +12.7% |
| 2 | Teladoc IncTDOC | 28.4% | 3.53x | — | $1.0B | -4.0% |
| 3 | Novo Nordisk A/SNVO | 18.0% | 5.56x | 8.53x | $161.1B | +6.4% |
| 4 | Ardent Health Partners, Inc.ARDT | 16.7% | 5.98x | 11.3x | $1.5B | -1.4% |
| 5 | BioCryst Pharmaceuticals IncBCRX | 16.4% | 6.10x | 6.52x | $2.0B | +33.6% |
| 6 | Organon & CoOGN | 14.7% | 6.80x | 15.0x | $3.7B | -2.3% |
| 7 | Fresenius Medical Care CorporationFMS | 14.7% | 6.81x | 11.2x | $11.5B | -0.3% |
| 8 | Harmony Biosciences HoldingsHRMY | 14.7% | 6.82x | 16.5x | $2.4B | +30.3% |
| 9 | Grifols SA ADRGRFS | 14.1% | 7.11x | 11.1x | $5.3B | +9.4% |
| 10 | PTC Therapeutics IncPTCT | 13.7% | 7.31x | 6.69x | $5.1B | +101.5% |
| 11 | Innoviva IncINVA | 13.0% | 7.68x | 3.26x | $1.5B | +19.2% |
| 12 | Mednax IncMD | 12.8% | 7.79x | 11.6x | $2.0B | +4.0% |
| 13 | Prestige Brand Holdings IncPBH | 12.0% | 8.32x | 11.4x | $2.1B | +6.5% |
| 14 | Cigna CorpCI | 11.8% | 8.45x | 11.1x | $70.9B | +6.7% |
| 15 | Tenet Healthcare CorporationTHC | 11.6% | 8.65x | 13.2x | $21.9B | +6.8% |
| 16 | DaVita HealthCare Partners IncDVA | 11.4% | 8.80x | 17.3x | $11.5B | +5.2% |
| 17 | CONMED CorporationCNMD | 11.4% | 8.81x | 29.3x | $1.3B | +5.2% |
| 18 | Surgery Partners IncSGRY | 11.3% | 8.88x | — | $1.7B | +2.8% |
| 19 | Amphastar PAMPH | 11.2% | 8.92x | 14.8x | $1.1B | +5.4% |
| 20 | ANI Pharmaceuticals IncANIP | 10.6% | 9.46x | 18.2x | $1.6B | +25.9% |
| 21 | Bristol-Myers Squibb CompanyBMY | 10.5% | 9.50x | 16.7x | $122.0B | +5.7% |
| 22 | Sanofi ADRSNY | 10.3% | 9.72x | 17.9x | $98.6B | — |
| 23 | Viatris IncVTRS | 10.2% | 9.79x | — | $19.0B | +5.0% |
| 24 | Healthcare Services Group IncHCSG | 10.2% | 9.84x | 21.0x | $1.4B | +2.7% |
| 25 | Oscar Health IncOSCR | 10.1% | 9.86x | — | $10.4B | -6.2% |
| 26 | Pacira BioSciences, Inc.PCRX | 9.4% | 10.7x | 284.6x | $1.5B | +6.2% |
| 27 | ICON PLCICLR | 9.1% | 11.0x | 21.4x | $12.4B | +1.2% |
| 28 | Alignment Healthcare LLCALHC | 8.4% | 11.9x | 65.0x | $1.3B | +31.6% |
| 29 | Zimmer Biomet Holdings IncZBH | 8.2% | 12.2x | 24.0x | $17.9B | +4.8% |
| 30 | Progyny IncPGNY | 8.2% | 12.3x | 29.9x | $2.4B | +5.3% |
| 31 | Universal Health Services IncUHS | 8.1% | 12.3x | 7.21x | $10.4B | +8.3% |
| 32 | HCA Holdings IncHCA | 8.1% | 12.3x | 14.7x | $94.7B | +4.3% |
| 33 | Royalty Pharma PlcRPRX | 7.7% | 13.0x | 29.5x | $32.3B | +16.5% |
| 34 | Alkermes PlcALKS | 7.4% | 13.6x | 43.5x | $6.5B | +27.0% |
| 35 | Smith & Nephew SNATS IncSNN | 7.1% | 14.0x | 37.8x | $12.0B | +6.1% |
| 36 | CVS Health CorpCVS | 7.1% | 14.0x | 37.7x | $109.7B | +7.3% |
| 37 | Certara IncCERT | 7.1% | 14.0x | — | $1.3B | +1.0% |
| 38 | Biomarin Pharmaceutical IncBMRN | 7.1% | 14.1x | 38.1x | $10.2B | +19.9% |
| 39 | Doximity IncDOCS | 7.0% | 14.3x | 25.2x | $4.7B | +7.3% |
| 40 | Zoetis IncZTS | 6.9% | 14.6x | 13.0x | $33.3B | -0.2% |
| 41 | Perrigo Company PLCPRGO | 6.8% | 14.7x | — | $2.1B | -3.2% |
| 42 | Biogen IncBIIB | 6.7% | 14.8x | 22.2x | $30.4B | +1.9% |
| 43 | Aurinia Pharmaceuticals IncAUPH | 6.5% | 15.4x | 7.27x | $2.1B | +18.9% |
| 44 | Novartis AG ADRNVS | 6.4% | 15.6x | 20.1x | $275.6B | — |
| 45 | Envista Holdings CorpNVST | 6.4% | 15.7x | 54.1x | $3.6B | +7.1% |
| 46 | Dentsply Sirona IncXRAY | 6.2% | 16.0x | — | $1.7B | -4.1% |
| 47 | GlaxoSmithKline PLC ADRGSK | 6.2% | 16.0x | 12.3x | $93.4B | +4.1% |
| 48 | Incyte CorporationINCY | 6.2% | 16.1x | 15.4x | $21.8B | +20.9% |
| 49 | Privia Health Group IncPRVA | 6.1% | 16.3x | 123.8x | $2.7B | +21.4% |
| 50 | Medline Inc. Class A Common StockMDLN | 6.1% | 16.4x | — | $28.5B | +11.5% |
Ranked from each company's latest price and reported results. Companies need a page on Investingly (SEC statements on file). Open any company for its reverse DCF, insider buying and 13F holders.
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Questions
Which company ranks first on the highest free cash flow yield healthcare stocks list?
Bausch Health Companies (BHC), with a fcf yield of 43.4%, as of October 12, 2026.
How is this list built?
Free cash flow as a share of market value: how much cash the business produced for each dollar of stock. US companies worth over $1 billion, highest first. It shows the top 50 and is rebuilt every day.
Prices and ratios as of Oct 11, 2026. Statements from SEC filings. Information only, not investment advice.