HCA Healthcare, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:11:51Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 7.52B | 5.47B | 4.55B | 4.00B | 5.26B | 6.31B |
| Working Capital | -567.00M | 1.24B | 2.27B | 3.74B | 3.96B | 3.63B |
| Net Debt | 48.41B | 44.09B | 41.63B | 40.00B | 35.99B | 31.89B |
| Net Margin | 8.97% | 8.16% | 8.07% | 9.37% | 11.84% | 7.28% |
| Return on Equity (ROE) | -112.56% | -230.49% | -295.49% | -203.94% | -745.55% | 656.29% |
| Return on Assets (ROA) | 11.17% | 9.68% | 9.33% | 10.76% | 13.71% | 7.90% |
| Current Ratio | 0.97× | 1.08× | 1.18× | 1.38× | 1.41× | 1.42× |
| Debt-to-Equity | -8.21× | -18.42× | -23.99× | -14.79× | -40.13× | 58.88× |
| Effective Tax Rate | 20.85% | 21.89% | 20.96% | 20.35% | 21.48% | 19.21% |
| Cash Conversion Ratio | 1.86× | 1.83× | 1.80× | 1.51× | 1.29× | 2.46× |
| Accruals Ratio | -0.10× | -0.08× | -0.07× | -0.05× | -0.04× | -0.12× |
| SBC % of Revenue | 0.53% | 0.51% | 0.40% | 0.57% | 0.75% | 0.70% |
| CapEx Coverage | 2.47× | 2.08× | 1.93× | 1.89× | 2.42× | 3.16× |
| Free Cash Flow Per Share | $31.40 | $20.88 | $16.45 | $13.58 | $16.00 | $18.37 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 16.48× | 13.64× | 14.27× | 12.53× | 12.14× | 15.05× |
| P/FCF | 14.87× | 14.37× | 16.45× | 17.66× | 16.06× | 8.95× |
| FCF Yield | 6.72% | 6.96% | 6.08% | 5.66% | 6.23% | 11.17% |
| P/S | 1.39× | 1.06× | 1.11× | 1.10× | 1.34× | 1.08× |
| P/B | — | — | — | — | — | 97.59× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 75.60B | 70.60B | 64.97B | 60.23B | 58.75B | 51.53B |
| Income Tax Expense (Benefit) | 2.05B | 1.87B | 1.61B | 1.75B | 2.11B | 1.04B |
| Net Income (Loss) Attributable to Parent | 6.78B | 5.76B | 5.24B | 5.64B | 6.96B | 3.75B |
| Earnings Per Share, Basic | $28.70 | $22.27 | $19.25 | $19.43 | $21.52 | $11.10 |
| Weighted Average Number of Shares Outstanding, Basic | 236.41M | 258.60M | 272.40M | 290.35M | 323.31M | 338.27M |
| Earnings Per Share, Diluted | $28.33 | $22.00 | $18.97 | $19.15 | $21.16 | $10.93 |
| Weighted Average Number of Shares Outstanding, Diluted | 239.50M | 261.81M | 276.41M | 294.67M | 328.75M | 343.61M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 1.04B | 1.93B | 935.00M | 908.00M | 1.45B | 1.79B |
| Assets, Current | 15.78B | 16.41B | 14.93B | 13.64B | 13.54B | 12.33B |
| Assets | 60.72B | 59.51B | 56.21B | 52.44B | 50.74B | 47.49B |
| Long-term Debt | 44.28B | 43.03B | 39.59B | 38.08B | 34.58B | 31.00B |
| Liabilities, Current | 16.35B | 15.18B | 12.65B | 9.90B | 9.58B | 8.70B |
| Long-term Debt, Excluding Current Maturities | 41.60B | 38.33B | 37.17B | 37.71B | 34.34B | 30.80B |
| Stockholders' Equity Attributable to Parent | -6.03B | -2.50B | -1.77B | -2.77B | -933.00M | 572.00M |
| Common Stock, Shares, Outstanding | 224.61M | 249.98M | 265.54M | 277.38M | 305.48M | 339.43M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 12.64B | 10.51B | 9.43B | 8.52B | 8.96B | 9.23B |
| Payments to Acquire Property, Plant, and Equipment | 4.94B | 4.88B | 4.74B | 4.39B | 3.58B | 2.83B |
| Net Cash Provided by (Used in) Investing Activities | -4.99B | -4.93B | -5.32B | -3.39B | -2.64B | -3.39B |
| Payments for Repurchase of Common Stock | 10.07B | 6.04B | 3.81B | 7.00B | 8.21B | 441.00M |
| Payments of Dividends | 679.00M | 690.00M | 661.00M | 653.00M | 624.00M | 153.00M |
| Net Cash Provided by (Used in) Financing Activities | -8.55B | -4.58B | -4.09B | -5.66B | -6.66B | -4.68B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 895.00M | 870.00M | 6.82B | 3.69B | 660.00M | 1.27B |
| Working Capital | -3.21B | -567.00M | -2.61B | -376.00M | 2.63B | 1.24B |
| Net Debt | 48.91B | 48.41B | 45.35B | 45.42B | 45.38B | 44.09B |
| Net Margin | 8.48% | 9.62% | 8.57% | 8.88% | 8.79% | 7.86% |
| Return on Equity (ROE) | -25.70% | -31.16% | -30.80% | -37.62% | -45.75% | -57.54% |
| Return on Assets (ROA) | 2.64% | 3.09% | 2.75% | 2.78% | 2.69% | 2.42% |
| Current Ratio | 0.83× | 0.97× | 0.85× | 0.98× | 1.19× | 1.08× |
| Debt-to-Equity | -7.91× | -8.21× | -8.69× | -10.55× | -13.20× | -18.42× |
| Effective Tax Rate | 18.80% | 19.05% | 21.30% | 21.70% | 21.57% | 20.96% |
| Cash Conversion Ratio | 1.24× | 1.26× | 6.25× | 3.55× | 1.03× | 1.78× |
| Accruals Ratio | -0.01× | -0.01× | -0.14× | -0.07× | -0.00× | -0.02× |
| SBC % of Revenue | 0.45% | 0.51% | 1.57% | 1.06% | 0.53% | 0.46% |
| CapEx Coverage | 1.80× | 1.58× | 2.97× | 2.70× | 1.67× | 1.99× |
| Free Cash Flow Per Share | $3.95 | $3.63 | $28.88 | $15.27 | $2.65 | $4.87 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 16.30× | 16.47× | 16.47× | 16.10× | 15.36× | 13.66× |
| P/S | 1.38× | 1.39× | 1.32× | 1.24× | 1.17× | 1.06× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 19.11B | 19.51B | 19.16B | 18.61B | 18.32B | 18.29B |
| Income Tax Expense (Benefit) | 430.00M | 509.00M | 515.00M | 524.00M | 502.00M | 447.00M |
| Net Income (Loss) Attributable to Parent | 1.62B | 1.88B | 1.64B | 1.65B | 1.61B | 1.44B |
| Earnings Per Share, Basic | $7.25 | $8.23 | $7.05 | $6.91 | $6.52 | $5.70 |
| Weighted Average Number of Shares Outstanding, Basic | 223.59M | 236.41M | 232.89M | 239.17M | 246.94M | 258.60M |
| Earnings Per Share, Diluted | $7.15 | $8.10 | $6.96 | $6.83 | $6.45 | $5.63 |
| Weighted Average Number of Shares Outstanding, Diluted | 226.65M | 239.50M | 236.18M | 241.91M | 249.44M | 261.81M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 940.00M | 1.04B | 997.00M | 939.00M | 1.06B | 1.93B |
| Assets, Current | 16.05B | 15.78B | 15.29B | 15.56B | 16.26B | 16.41B |
| Assets | 61.45B | 60.72B | 59.75B | 59.54B | 59.80B | 59.51B |
| Long-term Debt | 44.37B | 44.28B | 42.60B | 42.70B | 44.58B | 43.03B |
| Liabilities, Current | 19.26B | 16.35B | 17.90B | 15.94B | 13.63B | 15.18B |
| Long-term Debt, Excluding Current Maturities | 39.49B | 41.60B | 38.40B | 39.38B | 41.06B | 38.33B |
| Stockholders' Equity Attributable to Parent | -6.30B | -6.03B | -5.33B | -4.39B | -3.52B | -2.50B |
| Common Stock, Shares, Outstanding | 222.53M | 224.61M | 229.85M | 236.14M | 242.96M | 249.98M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.01B | 2.36B | 10.28B | 5.86B | 1.65B | 2.56B |
| Payments to Acquire Property, Plant, and Equipment | 1.12B | 1.49B | 3.46B | 2.17B | 991.00M | 1.28B |
| Net Cash Provided by (Used in) Investing Activities | -1.28B | -1.32B | -3.67B | -2.28B | -1.03B | -1.35B |
| Payments for Repurchase of Common Stock | 1.57B | 2.56B | 7.51B | 5.01B | 2.51B | 1.70B |
| Payments of Dividends | 183.00M | 162.00M | 517.00M | 351.00M | 180.00M | 165.00M |
| Net Cash Provided by (Used in) Financing Activities | -830.00M | -999.00M | -7.55B | -4.58B | -1.50B | -2.16B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (HCA CIK 0000860730),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.