Sector Report4 min read
Healthcare: 19 A-Grades, Six Insurance Disasters
Pharma and devices print cash at 20%+ margins. Health insurers struggle to break 3%. The sector split is getting wider.
Jul 27, 2026
GILDABBVBMYZTS+13
Financial data as of Dec 31, 2025Improving · Healthcare
Key financials compared side by side
FCF Margin ranked against sector peers
Pharma and devices print cash at 20%+ margins. Health insurers struggle to break 3%. The sector split is getting wider.
Pharma and devices print 20%+ margins. Health insurers struggle to break 3%.
Pharma prints cash at 25%+ margins. Health insurers are burning through it at 2%. Same sector, different planets.