HCA Healthcare

Health Care Health Care Facilities Nashville, Tennessee Last filing Feb 10, 2026 · FY2025

                    Revenue
                    FY2025
                
$75.6B
                    3y CAGR +7.9%
                    
                    P64
                    
                    +7.1%
                    
                    Net income
                    FY2025
                
$6.8B
                    Net margin +9.0%
                    
                    P42
                    
                    +17.8%
                    
                    Total assets
                    FY2025
                
$60.7B
                    ROA +11.2%
                    
                    P77
                    
                    +2.0%
                    
                    Operating cash flow
                    FY2025
                
$12.6B
                    FCF margin +10.2%
                    
                    P31
                    
                    +20.2%

18 yrs · FY2003–FY2025 5 gaps (2008–2004) 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 5 years

Total assets $60.7B

Total liabilities ~$66.7B

Shareholders equity $-6.0B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	1.7%	3.2%	1.7%	1.7%	2.9%
Short Term Investments	0.8%	1.0%	0.8%	—	0.2%
Accounts Receivable	17.9%	18.1%	17.7%	17.0%	16.0%
Inventory	2.7%	2.9%	3.6%	3.9%	3.9%
Prepaid Expenses	3.7%	3.3%	3.6%	3.4%	4.0%
Other Current Assets	3.7%	3.3%	3.6%	3.4%	4.0%
Total Current Assets	26.0%	27.6%	26.6%	26.0%	26.7%
Property,Plant and Equipment	51.3%	49.4%	49.3%	48.8%	47.4%
Operating Lease Assets	3.5%	3.6%	3.9%	3.9%	4.2%
Goodwill	0.4%	0.3%	0.6%	0.5%	2.0%
Intangible Assets	0.0%	0.4%	0.4%	0.4%	0.3%
Long Term Investments	0.8%	1.0%	0.8%	1.6%	0.9%
Other Noncurrent Assets	0.4%	0.4%	0.3%	0.6%	1.2%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	7.7%	7.2%	7.5%	8.1%	8.1%
Accrued Liabilities	7.0%	6.6%	6.9%	6.8%	6.5%
Current Portion of Long Term Debt	8.1%	7.9%	4.3%	0.7%	0.5%
Total Current Liabilities	26.9%	25.5%	22.5%	18.9%	18.9%
Long Term Debt	68.5%	64.4%	66.1%	71.9%	67.7%
Operating Lease Liabilities Noncurrent	3.1%	3.1%	3.4%	3.3%	3.5%
Other Noncurrent Liabilities	0.0%	0.8%	1.1%	1.2%	1.1%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Retained Earnings	-9.4%	-3.6%	-2.4%	-4.3%	-1.0%
Treasury Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Accumulated Other Comprehensive Income	-0.5%	-0.7%	-0.8%	-0.9%	-0.8%
Noncontrolling Interest	5.4%	5.1%	5.0%	5.1%	4.8%
Total Stockholders Equity	-9.9%	-4.2%	-3.2%	-5.3%	-1.8%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $75.6B

Operating income $6.8B

Net income $6.8B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	124.5%	118.6%	115.6%	114.9%	115.8%
Expenses Cost of Revenue	108.3%	104.3%	101.9%	98.5%	96.4%
Expenses Selling,General and Administrative	0.9%	0.7%	0.6%	0.6%	0.7%
Expenses Depreciation and Amortization	5.8%	5.6%	5.5%	5.7%	5.6%
Expenses Share Based Compensation	0.7%	0.6%	0.5%	0.7%	0.9%
Expenses Operating Expenses	108.3%	104.3%	101.9%	98.5%	96.4%
Other Income Expense Operating Income	11.2%	9.7%	9.3%	10.8%	13.7%
Other Income Expense Interest Expense	3.7%	3.5%	3.4%	3.3%	3.1%
Other Income Expense Other Income/expense	-0.3%	-0.4%	-0.3%	-0.3%	-0.2%
Other Income Expense Income Before Tax	16.2%	14.3%	13.7%	16.4%	19.4%
Income Tax Income Tax Expense	3.4%	3.1%	2.9%	3.3%	4.2%
net Income net Income	11.2%	9.7%	9.3%	10.8%	13.7%
net Income Comprehensive Income	11.3%	9.7%	9.4%	10.6%	13.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	0.4%	0.4%	0.5%	0.6%	0.6%
Earnings Per Share Weighted Average Shares Diluted	0.4%	0.4%	0.5%	0.6%	0.6%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Operating cash flow $12.6B

Investing cash flow $-5.0B

Financing cash flow $-8.6B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	11.2%	9.7%	9.3%	10.8%	13.7%
Operating Activities Depreciation and Amortization	5.8%	5.5%	5.4%	5.6%	5.6%
Operating Activities Stock Based Compensation	0.7%	0.6%	0.5%	0.7%	0.9%
Operating Activities Deferred Income Taxes	0.0%	0.0%	0.0%	0.0%	0.0%
Operating Activities Changes In Operating Assets and Liabilities	0.2%	1.3%	1.7%	1.5%	1.9%
Operating Activities net Cash From Operating Activities	20.8%	17.7%	16.8%	16.3%	17.7%
Investing Activities Capital Expenditures	8.1%	8.2%	8.4%	8.4%	7.0%
Investing Activities Other Investing Activities	-0.0%	0.0%	0.0%	0.0%	0.0%
Investing Activities net Cash From Investing Activities	-8.2%	-8.3%	-9.5%	-6.5%	-5.2%
Financing Activities Proceeds From Debt	14.0%	12.6%	5.7%	11.4%	8.6%
Financing Activities Repayment of Debt	12.2%	4.0%	1.6%	5.4%	7.6%
Financing Activities Repurchase of Common Stock	16.6%	10.2%	6.8%	13.3%	16.2%
Financing Activities Dividends Paid	1.1%	1.2%	1.2%	1.2%	1.2%
Financing Activities Other Financing Activities	-0.3%	-0.5%	-0.4%	-0.4%	-0.6%
Financing Activities net Cash From Financing Activities	-14.1%	-7.7%	-7.3%	-10.8%	-13.1%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	-0.0%	0.0%	-0.0%	-0.0%
Cash Reconciliation net Change In Cash	-1.5%	1.7%	0.0%	-1.0%	-0.7%
Cash Reconciliation Cash At Beginning of Period	1.7%	3.2%	1.7%	1.7%	2.9%
Cash Reconciliation Cash At End of Period	1.7%	3.2%	1.7%	1.7%	2.9%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+13.0%	+12.1%	+11.9%	+14.2%	+16.7%
Operating margin	+9.0%	+8.2%	+8.1%	+9.4%	+11.8%
Net margin	+9.0%	+8.2%	+8.1%	+9.4%	+11.8%
FCF margin	+10.2%	+8.0%	+7.2%	+6.9%	+9.2%
Growth
Revenue CAGR (3y)	+7.9%	+6.3%	+8.0%	+5.5%	+8.0%
Returns
ROE	-112.6%	-230.5%	-295.5%	-203.9%	-745.6%
ROA	+11.2%	+9.7%	+9.3%	+10.8%	+13.7%
ROIC	+13.6%	+11.7%	+11.2%	+13.1%	+17.0%
Liquidity
Current ratio	0.97x	1.08x	1.18x	1.38x	1.41x
Quick ratio	0.73x	0.84x	0.86x	0.99x	1.00x
Leverage
D/E	-11.07x	-24.81x	-32.69x	-19.95x	-55.39x
Interest coverage	3.02x	2.79x	2.70x	3.24x	4.44x
Efficiency
Asset turnover	1.25x	1.19x	1.16x	1.15x	1.16x
Cash conversion cycle	+36d	+41d	+42d	+39d	+34d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

HCA Healthcare

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history