10 Biggest Healthcare Companies

The healthcare sector includes companies that produce medical goods, such as drugs and medical devices, and companies that provide medical services, such as health insurance or hospital administration.

Here are the 10 biggest companies in the healthcare field based on revenue as of Dec. 21, 2022.
This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through ADRs.

• Revenue: $315.2 billion
• Net Income: $3.2 billion
• Market Cap: $124.8 billion
• 1-Year Trailing Total Return: -3.2%
• Exchange: New York Stock Exchange

The parent company of a leading drugstore chain, CVS Health Corp. also is among the biggest pharmacy benefits management (PBM) companies. The company’s strategy includes healthcare teams that address the “whole” patient’s physical and emotional needs, bringing care to where people need it, through the CVS^® HealthHUB^™ and MinuteClinic^® locations.

• Revenue: $313.1 billion
• Net Income]: $19.4 billion
• Market Cap: $486.6 billion
• 1-Year Trailing Total Return: -8.9%
• Exchange: New York Stock Exchange

UnitedHealth Group is a health insurance company that also provides data analytics and consulting services to healthcare providers, as well as pharmacy care services. Its principal divisions include UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx.

• Revenue: $272 billion
• Net Income: $2.1 billion
• Market Cap: $53.3 billion
• 1-Year Trailing Total Return: 61.3%
• Exchange: New York Stock Exchange

McKesson Corp. is a distributor of pharmaceuticals and other medical products in the U.S., Canada, and Europe. Working with biopharma companies, care providers, pharmacies, manufacturers, and governments, McKesson Corp delivers products and services to 14 countries.

• Revenue: $238.6 billion
• Net Income: $1.7 billion
• Market Cap: $33.9 billion
• 1-Year Trailing Total Return: 34.5%
• Exchange: New York Stock Exchange

AmerisourceBergen Corp. is a distributor of medications and medical supplies, helping people access the healthcare products they need through product sourcing and distribution, supporting community-based care, and partnering with manufacturers to bring products to market.

• Revenue: $187 billion
• Net Income: -$1.1 billion
• Market Cap: $20.9 billion
• 1-Year Trailing Total Return: 67.7%
• Exchange: New York Stock Exchange

Cardinal Health is a global manufacturer and distributor of medical and laboratory products and a provider of performance and data solutions for healthcare facilities. Through services like ambulatory surgery centers, home care, and long-term care, Cardinal Health serves 90% of all U.s. hospitals and 10,000 specialty physician offices and clinics.

• Revenue: $180 billion
• Net Income: $6.6 billion
• Market Cap: $100.8 billion
• 1-Year Trailing Total Return: 54.4%
• Exchange: New York Stock Exchange

Cigna is a global health services company with healthcare providers, clinics, and facilities serving customers and patients in more than 30 countries.

• Revenue: $153.2 billion
• Net Income: $6.2 billion
• Market Cap: $120.5 billion
• 1-Year Trailing Total Return: 16%
• Exchange: New York Stock Exchange

Elevance Health supports health at every life stage, offering health plans and clinical, behavioral, pharmacy, and complex-care solutions that promote whole health. Through its affiliates such as Anthem and Wellpoint, Elevance Health offers commercial, Medicare, and Medicaid plans for employers, individuals, families, and communities.

• Revenue: $141.6 billion
• Net Income: $2 billion
• Market Cap: $45.5 billion
• 1-Year Trailing Total Return: -2.5%
• Exchange: New York Stock Exchange

Centene Corp. is a managed healthcare company, focusing on administering government-sponsored programs. With its acquisition of WellCare Health Plans Inc., Centene increased its market share in Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans across 50 states.

• Revenue: $132.7 billion
• Net Income: $4.3 billion
• Market Cap: $34.2 billion
• 1-Year Trailing Total Return: -15.2%
• Exchange: NASDAQ

Walgreens Boots Alliance operates drug stores in the U.S. under the Walgreens and Duane Reade names, and as Boots drug stores globally. The company is also a distributor of drugs and medical products, as well as the parent of online stores such as Drugstore.com, VisionDirect.com, and Beauty.com.

• Revenue: $99.9 billion
• Net Income: $29.8 billion
• Market Cap: $288.1 billion
• 1-Year Trailing Total Return: -13.2%
• Exchange: New York Stock Exchange

Pfizer is a leader in the pharmaceutical industry with innovation and development of products for internal medicine, oncology, immunology, and rare diseases. Pfizer is widely recognized for its response to the COVID-19 pandemic.