Saturday 7 November 2026 Export HCA’s income statement to Excel — free account

HCA Healthcare, Inc.

HCA Healthcare Medical Care Facilities

HCA Healthcare, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $75.6 billion, up 7.08% from fiscal 2024.

Revenue: +3.59%
EPS: +23.8%
Free cash flow: −0.77%
Total debt: +13.4%

Quarter to September 2026, against a year earlier

496.04 11.44 −2.25%

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Market cap: $106.0B
P/E: 15.7×
Fwd P/E: 15.6×
Dividend yield: 0.62%
F-score: 7/9
Altman Z: 2.80
Beneish M: −2.87
Dividend safety: 78/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	10.17	15.07	11.69	14.68	15.05	12.09	12.65	14.51	13.66	16.45
Piotroski F-Score Full definition →	8	6	7	7	6	7	5	7	8	7
P/S ratio Full definition →	0.69	0.74	0.93	0.98	1.08	1.41	1.17	1.15	1.10	1.46
Altman Z-Score Full definition →	2.10	2.08	2.29	2.35	2.46	2.89	2.54	2.54	2.54	2.80
Altman Z″-Score (non-manufacturers) Full definition →	1.05	1.10	1.13	1.40	1.66	1.81	1.49	1.36	1.22	0.92
P/FCF ratio Full definition →	9.87	13.45	13.56	14.64	8.70	15.43	17.11	16.00	13.76	14.35
Beneish M-Score Full definition →	(2.81)	(2.73)	(2.71)	(2.71)	(2.97)	(2.46)	(2.57)	(2.66)	(2.73)	(2.87)
P/Operating CF Full definition →	16.81	18.70	19.87	20.13	(15.53)	34.00	27.94	28.05	30.33	46.79
Dividend Safety Score Full definition →	—	—	—	—	—	—	—	—	—	78
P/B ratio Full definition →	0.00	0.00	0.00	0.00	19.24	55.79	0.00	70.75	139.86	0.00
Price to Tangible BV Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Sales Full definition →	1.43	1.48	1.62	1.63	1.65	1.98	1.79	1.75	1.68	2.06
EV/EBITDA Full definition →	7.19	7.84	8.41	8.45	8.43	9.17	8.91	8.91	8.53	9.98
EV/Operating CF Full definition →	10.49	11.93	11.17	10.99	9.19	12.97	12.65	12.05	11.29	12.33
EV/FCF Full definition →	20.50	26.86	23.70	24.26	13.26	21.59	26.12	24.25	21.05	20.26
Quick Ratio Full definition →	1.11	1.17	0.96	1.03	1.02	1.00	0.99	0.86	0.84	0.73
Current Ratio Full definition →	1.56	1.62	1.35	1.44	1.42	1.41	1.38	1.18	1.08	0.97
Net Debt/EBITDA Full definition →	3.72	3.91	3.60	3.35	2.90	2.61	3.07	3.03	2.95	2.91
Debt/Assets Full definition →	92.94%	90.34%	83.71%	74.84%	65.29%	68.15%	72.63%	70.44%	72.31%	76.57%
Debt/Equity Full definition →	(5.57)	(6.62)	(11.25)	(59.68)	10.72	23.22	(521.70)	37.35	77.53	(16.78)
Asset Turnover Full definition →	1.25	1.24	1.23	1.22	1.11	1.20	1.17	1.20	1.22	1.26
Operating CF/Net income Full definition →	1.96	2.45	1.79	2.17	2.46	1.29	1.51	1.80	1.83	1.86
Capex/Depreciation Full definition →	(1.38)	(1.39)	(1.55)	(1.58)	(1.03)	(1.24)	(1.47)	(1.52)	(1.46)	(1.39)
Interest Coverage Full definition →	3.66	3.61	3.80	3.98	4.62	6.25	5.23	4.98	5.13	5.36
ROE Full definition →	(49.49%)	(41.70%)	(95.72%)	(201.26%)	322.65%	317.55%	797.03%	1,062.21%	713.31%	(612.27%)
ROA Full definition →	8.69%	6.30%	9.99%	8.32%	8.11%	14.16%	10.94%	9.65%	9.95%	11.28%
ROIC Full definition →	15.57%	13.95%	14.18%	13.95%	14.24%	17.68%	15.33%	15.18%	15.86%	17.64%
Return on Tangible Assets Full definition →	14.74%	10.21%	16.91%	13.40%	13.99%	24.82%	19.25%	17.48%	18.79%	22.19%
Average Days of Receivables Full definition →	51.25	54.41	53.09	52.47	49.94	50.29	53.88	55.95	55.58	52.47
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	45.55%	45.99%	45.90%	45.89%	46.33%	45.58%	45.96%	45.39%	44.15%	43.46%
Intangible Assets out of Total Assets Full definition →	0.20	0.20	0.20	0.18	0.18	0.19	0.18	0.18	0.17	0.17
Share Based Compensation of Revenue Full definition →	0.60%	0.62%	0.57%	0.68%	0.70%	0.75%	0.57%	0.40%	0.51%	0.53%
Graham Net Nets Full definition →	(1.06)	(0.97)	(0.74)	(0.68)	(0.58)	(0.43)	(0.55)	(0.54)	(0.55)	(0.43)
Graham Number Full definition →	0.00	0.00	0.00	0.00	45.85	46.93	0.00	40.76	32.57	0.00
Earnings Yield Full definition →	9.83%	6.64%	8.56%	6.81%	6.65%	8.27%	7.91%	6.89%	7.32%	6.08%
Free Cash Flow Yield Full definition →	10.13%	7.43%	7.38%	6.83%	11.50%	6.48%	5.84%	6.25%	7.26%	6.97%
Revenue per Share Full definition →	108.16	120.38	134.40	150.45	152.34	181.72	207.45	238.50	273.02	319.78
Operating CF per Share Full definition →	14.74	14.98	19.47	22.28	27.29	27.71	29.35	34.62	40.66	53.45
Capex per Share Full definition →	(7.20)	(8.32)	(10.29)	(12.19)	(8.38)	(11.06)	(15.14)	(17.42)	(18.85)	(20.91)
Free Cash Flow per Share Full definition →	7.54	6.65	9.18	10.09	18.91	16.65	14.21	17.21	21.81	32.54
Cash per Share Full definition →	1.68	2.02	1.45	1.82	5.30	4.49	3.13	3.43	7.47	4.40
Shareholders Equity per Share Full definition →	(14.68)	(13.79)	(8.40)	(1.66)	8.55	4.61	(0.25)	3.89	2.15	(11.72)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(14.68)	(13.79)	(8.40)	(1.66)	8.55	4.61	(0.25)	3.89	2.15	(11.72)
Free Cash Flow Full definition →	2,893.00	2,411.00	3,188.00	3,444.00	6,397.00	5,382.00	4,127.00	4,687.00	5,639.00	7,692.00
Working Capital Full definition →	3,252.00	3,819.00	2,644.00	3,439.00	3,629.00	3,960.00	3,741.00	2,272.00	1,237.00	(567.00)
Capital Expenditures Full definition →	(2,760.00)	(3,015.00)	(3,573.00)	(4,158.00)	(2,835.00)	(3,577.00)	(4,395.00)	(4,744.00)	(4,875.00)	(4,944.00)
Net Current Asset Value Full definition →	(30,305.00)	(31,611.00)	(31,912.00)	(34,427.00)	(32,265.00)	(35,711.00)	(38,868.00)	(40,224.00)	(42,544.00)	(47,708.00)
EV/EBIT Full definition →	9.48	10.61	11.32	11.50	11.60	11.87	11.85	11.78	11.23	12.94
Capex to Sales Full definition →	0.07	0.07	0.08	0.08	0.06	0.06	0.07	0.07	0.07	0.07
Price to Operating Income Full definition →	4.57	5.31	6.48	6.95	7.60	8.48	7.76	7.77	7.34	9.16
Other line items
Depreciation/Fixed assets Full definition →	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.11	0.11	0.11
Cash ROIC Full definition →	10.96%	8.37%	10.49%	10.20%	17.92%	14.34%	10.60%	11.27%	12.39%	17.18%
Accounts Receivable Turnover Full definition →	7.08	7.08	7.02	7.25	7.14	7.76	7.09	6.89	6.82	6.99
Accounts Payable Turnover Full definition →	3.09	2.97	2.98	3.09	2.60	2.48	2.24	2.34	2.53	2.54
Inventory Turnover Full definition →	4.71	4.76	4.67	4.74	4.32	4.73	4.62	4.84	5.72	6.71
Average Days of Payables Full definition →	122.04	130.02	121.78	125.02	154.17	158.27	165.11	156.03	145.12	149.60
Days of Inventory on Hand Full definition →	79.13	78.48	81.85	79.58	88.32	76.46	80.55	74.50	58.98	53.05
Average Receivables Full definition →	5,857.50	6,163.50	6,645.00	7,084.50	7,215.50	7,573.00	8,493.00	9,424.50	10,354.50	10,809.00
Average Payables Full definition →	2,244.00	2,462.00	2,591.50	2,741.00	3,220.00	3,823.00	4,175.00	4,236.00	4,254.50	4,467.50
Average Inventory Full definition →	1,471.00	1,538.00	1,652.50	1,790.50	1,937.00	2,005.50	2,027.00	2,044.50	1,879.50	1,695.00
Average Assets Full definition →	33,251.00	35,175.50	37,900.00	42,132.50	46,274.00	49,116.00	51,590.00	54,324.50	57,862.00	60,116.50
Average Common Equity Full definition →	(5,839.50)	(5,314.00)	(3,956.50)	(1,741.50)	1,163.50	2,190.50	708.00	493.50	807.50	(1,108.00)

Show all line items

Columns are period end dates · fundamentals updated 2 Nov 2026

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