Community Health Systems Inc
CYH—
Build a strategy around CYH
Community Health Systems Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity of -1.5B with 11.2B debt (6x EBITDA TTM) - balance sheet severely impaired, goodwill 3.5B exceeds market cap 8x[Total Equity]
- Interest expense 869M TTM consumes 80% of operating income (1.1B) - minimal cushion for debt service[Interest Expense]
- EPS 5Y growth 86% despite flat revenue (-0.3% 5Y) signals aggressive cost cuts, not sustainable growth[EPS Growth 5yr]
Watch Triggers
- Interest Expense: Exceeds EBITDA or rises >15% YoY — Would signal imminent liquidity crisis given minimal FCF cushion
- Free Cash Flow TTM: Turns negative for 2+ quarters — No capacity to service debt without asset sales or refinancing
- Operating Margin TTM: Falls below 6% — Would compress EBITDA below debt service threshold
Bull Case
Operating margin 8.5% TTM exceeds industry median 2.5% by 3.4x - operational efficiency intact despite leverage
Operating Margin TTMEBITDA TTM
P/E 12.7x vs industry median 28.9x - if debt restructured, equity could re-rate significantly
PE RatioEnterprise Value
Bear Case
Negative equity -1.5B with tangible book -5B means equity is worthless unless debt restructured; bondholders own the company
Total EquityTangible Book ValueTotal Debt
FCF 143M TTM covers only 16% of interest expense - one bad quarter could trigger covenant issues
Free Cash Flow TTMInterest Expense
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
Leverage CYH's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Debt refinancing risk elevated as 11.2B debt matures into higher rate environment
1-3yhigh
- Interest expense already 869M TTM
- FCF only 143M provides no deleveraging capacity
- Net debt 10.5B vs 458M market cap
Debt/EBITDA ~6x TTMInterest coverage 1.2xNegative equity -1.5B
Valuation Context
Caveats
CYH Fundamentals
Health Care and Social Assistance → Hospitals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$377.71M | — | ||
$10.42B | — | ||
0.82 | — | ||
$12.29B | -2.9% | — | |
$3.44 | — | ||
8.24% | +1.5% | — | |
3.78% | +7.6% | — | |
$-200.0M | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
CYH Dividend History
1 dividend
2012
$0.250012/13/12$0.2500
CYH Stock Splits
No stock splits
CYH SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
04/22/26 | 03/31/26 | 10-Q | |
02/19/26 | 12/31/25 | Unknown | |
10/24/25 | 09/30/25 | 10-Q | |
07/24/25 | 06/30/25 | 10-Q | |
04/24/25 | 03/31/25 | 10-Q | |
02/19/25 | 12/31/24 | 10-K | |
10/24/24 | 09/30/24 | 10-Q | |
07/25/24 | 06/30/24 | 10-Q | |
04/25/24 | 03/31/24 | 10-Q | |
02/21/24 | 12/31/23 | 10-K | |
10/26/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/02/23 | 03/31/23 | 10-Q | |
02/17/23 | 12/31/22 | 10-K | |
10/27/22 | 09/30/22 | 10-Q | |
07/28/22 | 06/30/22 | 10-Q | |
04/28/22 | 03/31/22 | 10-Q | |
02/17/22 | 12/31/21 | 10-K | |
10/28/21 | 09/30/21 | 10-Q | |
07/29/21 | 06/30/21 | 10-Q | |
04/29/21 | 03/31/21 | 10-Q | |
02/18/21 | 12/31/20 | 10-K | |
10/28/20 | 09/30/20 | 10-Q | |
07/29/20 | 06/30/20 | 10-Q | |
04/29/20 | 03/31/20 | 10-Q | |
02/20/20 | 12/31/19 | 10-K | |
10/30/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
05/01/19 | 03/31/19 | 10-Q | |
02/21/19 | 12/31/18 | 10-K | |
10/30/18 | 09/30/18 | 10-Q | |
07/27/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/28/18 | 12/31/17 | 10-K | |
11/02/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/02/17 | 03/31/17 | 10-Q | |
02/21/17 | 12/31/16 | 10-K | |
11/02/16 | 09/30/16 | 10-Q | |
08/03/16 | 06/30/16 | 10-Q | |
05/03/16 | 03/31/16 | 10-Q | |
02/17/16 | 12/31/15 | 10-K | |
11/03/15 | 09/30/15 | 10-Q | |
08/04/15 | 06/30/15 | 10-Q | |
05/06/15 | 03/31/15 | 10-Q | |
02/25/15 | 12/31/14 | 10-K | |
11/04/14 | 09/30/14 | 10-Q | |
08/01/14 | 06/30/14 | 10-Q | |
05/07/14 | 03/31/14 | 10-Q | |
02/26/14 | 12/31/13 | 10-K | |
10/31/13 | 09/30/13 | 10-Q | |
07/31/13 | 06/30/13 | 10-Q | |
04/30/13 | 03/31/13 | 10-Q | |
02/27/13 | 12/31/12 | 10-K | |
11/01/12 | 09/30/12 | 10-Q | |
07/27/12 | 06/30/12 | 10-Q | |
04/27/12 | 03/31/12 | 10-Q | |
02/23/12 | 12/31/11 | 10-K | |
10/28/11 | 09/30/11 | 10-Q | |
08/01/11 | 06/30/11 | 10-Q | |
04/29/11 | 03/31/11 | 10-Q | |
02/25/11 | 12/31/10 | 10-K | |
10/29/10 | 09/30/10 | 10-Q | |
07/30/10 | 06/30/10 | 10-Q | |
04/28/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
10/30/09 | 09/30/09 | 10-Q | |
07/31/09 | 06/30/09 | 10-Q | |
04/29/09 | 03/31/09 | 10-Q | |
02/27/09 | 12/31/08 | 10-K | |
10/31/08 | 09/30/08 | 10-Q | |
08/05/08 | 06/30/08 | 4 | |
05/02/08 | 03/30/08 | Unknown | -- |
02/29/08 | 12/31/07 | 10-K | |
11/02/07 | 09/30/07 | 10-Q | |
07/31/07 | 06/30/07 | 10-Q | |
04/26/07 | 03/31/07 | 4 | |
02/20/07 | 12/31/06 | 10-K | |
10/27/06 | 09/30/06 | 10-Q | |
07/28/06 | 06/30/06 | 10-Q | |
04/27/06 | 03/30/06 | Unknown | -- |
02/24/06 | 12/31/05 | 10-K | |
10/27/05 | 09/30/05 | 10-Q | |
07/29/05 | 06/30/05 | 4 | |
04/29/05 | 03/30/05 | Unknown | -- |
03/11/05 | 12/31/04 | 10-K | |
11/04/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 10-Q | |
05/07/04 | 03/30/04 | Unknown | -- |
03/12/04 | 12/31/03 | 10-K | |
11/10/03 | 09/30/03 | 10-Q | |
08/08/03 | 06/30/03 | 10-Q | |
05/13/03 | 03/30/03 | Unknown | -- |
03/27/03 | 12/31/02 | 10-K | |
11/12/02 | 09/30/02 | 10-Q | |
08/08/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/30/02 | Unknown | -- |
03/27/02 | 12/31/01 | 10-K | |
11/13/01 | 09/30/01 | 10-Q | |
08/14/01 | 06/30/01 | 10-Q | |
05/10/01 | 03/30/01 | Unknown | -- |
03/29/01 | 12/31/00 | 10-K | |
11/13/00 | 09/30/00 | 10-Q | |
10/06/00 | 06/30/00 | 10-Q | |
03/31/00 | 03/30/00 | Unknown | -- |