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. In the quarter to June 2026, revenue grew 8.73%, EPS grew 11.6%, free cash flow fell 63.6% and total debt rose 11.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for five consecutive years, revenue growth for ten, operating cash flow growth for three.
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HCA Healthcare, Inc. (HCA) Debt to equity
HCA Healthcare, Inc.'s debt to equity at the end of the quarter to 30 June 2026 was −15.5×, up 1.3× from fiscal 2025 (−16.8×). Over the past ten years it has ranged from −522× (fiscal 2022) to 77.5× (fiscal 2024); the current reading is higher than 27% of that period. That is below the Medical Care Facilities industry median of 0.4× and below the Healthcare sector median of 0.0×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | −16.8× | — |
| FY2024 | 77.5× | 107.58% |
| FY2023 | 37.4× | — |
| FY2022 | −522× | — |
| FY2021 | 23.2× | 116.62% |
| FY2020 | 10.7× | — |
| FY2019 | −59.7× | — |
| FY2018 | −11.2× | — |
| FY2017 | −6.6× | — |
| FY2016 | −5.6× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | −15.5× | — |
| Mar 2026 | −16.1× | — |
| Dec 2025 | −16.8× | — |
| Sep 2025 | −20.6× | — |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| DVA DaVita Inc. compare | −22.4× |
| HCA HCA Healthcare, Inc. | −15.5× |
| ENSG The Ensign Group, Inc. compare | 0.1× |
| CHE Chemed Corporation compare | 0.2× |
| PACS PACS Group, Inc. compare | 0.2× |
| FMS Fresenius Medical Care AG & Co. KGaA compare | 0.6× |
| UHS Universal Health Services, Inc. compare | 0.6× |
| EHC Encompass Health Corporation compare | 0.8× |
| THC Tenet Healthcare Corporation compare | 2.0× |
| Medical Care Facilities industry median | 0.4× |
| Healthcare sector median | 0.0× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
More on HCA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement