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

Healthcare companies with the most cash

Cash and cash equivalents is money available immediately at the balance-sheet date. It excludes short-term investments, which many large companies hold far more of. 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 321 · Fiscal year 2025 · Data as of September 25, 2026

For banks and brokers, cash and equivalents includes reserves held at central banks and balances funded by customer deposits. It is cash on the balance sheet, but it is not a corporate cash reserve in the sense an industrial company's is — the two are not comparable, even though both are reported under the same line.

UnitedHealth Group (UNH) tops the list with $24.4B in cash for fiscal 2025, ahead of Johnson & Johnson ($19.7B) and Centene ($17.9B). The top 10 together report $131B in cash; the gap between #1 and #10 is ×2.88. 321 companies in Healthcare report cash, 11.3% of the 2832-filer universe. The last place on the list, Krystal Biotech, comes in at $496M.

Cash
#CompanyCashYoY15-year trend
1UnitedHealth GroupUNHUS$24.4B−3.7%
2Johnson & JohnsonJNJUS$19.7B−18.2%
3CenteneCNCUS$17.9B+27.2%
4MerckMRKUS$14.6B+10.0%
5Bristol Myers SquibbBMYUS$10.2B−1.3%
6Elevance HealthELVUS$9.5B+14.5%
7AmgenAMGNUS$9.1B−23.8%
8BiontechBNTXDE$9.0B−11.1%
9Abbott LaboratoriesABTUS$8.5B+11.9%
10CVS HealthCVSUS$8.5B−1.5%
11Cigna GroupCIUS$7.7B+1.7%
12Gilead SciencesGILDUS$7.6B−24.3%
13Eli LillyLLYUS$7.3B+122.4%
14AflacAFLUS$6.2B+0.3%
15AstraZenecaAZNGB$5.7B+4.1%
163MMMMUS$5.2B−6.5%
17AbbVieABBVUS$5.2B−5.3%
18Vertex PharmaceuticalsVRTXUS$5.1B+11.3%
19GSKGSKGB$4.6B−5.7%
20Beone MedicinesONCCH$4.5B+73.1%
21GE Healthcare TechnologiesGEHCUS$4.5B+56.3%
22Principal FinancialPFGUS$4.4B+5.2%
23Molina HealthcareMOHUS$4.2B−8.9%
24HumanaHUMUS$4.2B+89.1%
25Novo Nordisk A SNVODK$4.2B+90.9%
26StrykerSYKUS$4.0B+9.8%
27Teva Pharmaceutical IndustriesTEVAIL$3.6B+7.8%
28Intuitive SurgicalISRGUS$3.4B+66.1%
29Koninklijke PhilipsPHGNL$3.3B+31.6%
30Regeneron PharmaceuticalsREGNUS$3.1B+25.3%
31IncyteINCYUS$3.1B+83.5%
32BiogenBIIBUS$3.0B+26.7%
33McKessonMCKUS$3.0B+161.6%
34Edwards LifesciencesEWUS$2.9B−3.5%
35Tenet HealthcareTHCUS$2.9B−4.5%
36Cardinal HealthCAHUS$2.8B−27.1%
37Oscar HealthOSCRUS$2.8B+81.7%
38ModernaMRNAUS$2.6B+34.7%
39ZoetisZTSUS$2.5B+23.3%
40IQVIA HoldingsIQVUS$2.0B+16.3%
41Baxter InternationalBAXUS$2.0B+11.5%
42Boston ScientificBSXUS$2.0B+374.6%
43MedlineMDLNUS$1.9B+874.4%
44Fresenius Medical CareFMSDE$1.9B+53.2%
45CencoraCORUS$1.8B−45.6%
46GenmabGMABDK$1.7B+24.3%
47Alnylam PharmaceuticalsALNYUS$1.7B+71.5%
48United TherapeuticsUTHRUS$1.6B−8.3%
49AlconALCUS$1.5B−8.9%
50ResmedRMDUS$1.4B+171.5%
51Jazz PharmaceuticalsJAZZIE$1.4B−42.3%
52ViatrisVTRSUS$1.3B+80.0%
53Biomarin PharmaceuticalBMRNUS$1.3B+39.1%
54Bausch Health CompaniesBHCCA$1.3B+10.8%
55Envista HoldingsNVSTUS$1.2B+13.3%
56MedtronicMDTIE$1.1B−7.5%
57PfizerPFEUS$1.1B+9.5%
58Align TechnologyALGNUS$1.1B+4.9%
59NateraNTRAUS$1.1B+13.8%
60HCA HealthcareHCAUS$1.0B−46.2%
61PTC TherapeuticsPTCTUS$985M+26.3%
62Cno FinancialCNOUS$984M−50.8%
63Exact SciencesEXASUS$956M+59.1%
64DexcomDXCMUS$918M+51.4%
65Legend BiotechLEGNUS$902M+214.6%
66SolventumSOLVUS$878M+15.2%
67QiagenQGENNL$839M+26.4%
68Sarepta TherapeuticsSRPTUS$801M−27.4%
69Caris Life SciencesCAIUS$796M+1,145.2%
70Cronos GroupCRONCA$792M−7.8%
71West Pharmaceutical ServicesWSTUS$791M+63.3%
72Teladoc HealthTDOCUS$781M−39.8%
73RadnetRDNTUS$767M+3.7%
74Harmony BiosciencesHRMYUS$753M+66.1%
75Becton DickinsonBDXUS$740M+4.1%
76Ascendis PharmaASNDDK$724M+24.5%
77InsuletPODDUS$716M−24.9%
78Neurocrine BiosciencesNBIXUS$713M+206.0%
79Ardent HealthARDTUS$710M+27.4%
80Catalyst PharmaceuticalsCPRXUS$709M+37.0%
81Zai LabZLABCN$680M+51.1%
82DavitaDVAUS$676M−14.9%
83IconICLRIE$647M+20.1%
84LivanovaLIVNGB$636M+48.2%
85Royalty PharmaRPRXUS$619M−33.4%
86Zimmer BiometZBHUS$592M+12.6%
87Alignment HealthcareALHCUS$576M+33.0%
88OrganonOGNUS$574M−15.0%
89Bridgebio PharmaBBIOUS$570M−16.3%
90RepligenRGENUS$566M−25.3%
91Smith & NephewSNNGB$557M−10.0%
92InnovivaINVAUS$551M+80.7%
93Elanco Animal HealthELANUS$545M+16.5%
94Labcorp HoldingsLHUS$532M−65.0%
95PerrigoPRGOIE$532M−4.9%
96Globus MedicalGMEDUS$526M−32.9%
97InsmedINSMUS$510M−8.0%
98Ensign GroupENSGUS$504M+8.5%
99Medpace HoldingsMEDPUS$497M−25.8%
100Krystal BiotechKRYSUS$496M+43.9%

All figures from SEC filings · FY2025 · 100

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{{cite web |title=Healthcare companies with the most cash |url=https://companiesranked.com/en/healthcare-companies-with-the-most-cash |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Healthcare companies with the most cash. CompaniesRanked. https://companiesranked.com/en/healthcare-companies-with-the-most-cash

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@misc{companiesranked-en-healthcare-companies-with-the-most-cash-2026,
  author       = {{CompaniesRanked}},
  title        = {{Healthcare companies with the most cash}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/healthcare-companies-with-the-most-cash}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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