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%
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

HCA Healthcare, Inc. (HCA) EV/EBITDA

Alert me on EV/EBITDA

As of 6 November 2026, HCA Healthcare, Inc. (HCA) trades at a EV/EBITDA of 9.8×. Over the past ten years it has ranged from 5.7× (March 2020) to 11.2× (March 2026); the current reading is higher than 92% of that period. That is below the Medical Care Facilities industry median of 11.4× and above the Healthcare sector median of 8.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 10.0× 17.02%
FY2024 8.5× (4.22%)
FY2023 8.9× (0.05%)
FY2022 8.9× (2.82%)
FY2021 9.2× 8.81%
FY2020 8.4× (0.25%)
FY2019 8.4× 0.44%
FY2018 8.4× 7.35%
FY2017 7.8× 9.06%
FY2016 7.2× (1.10%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 8.9× 4.46%
Jun 2026 8.5× (12.88%)
Mar 2026 9.8× (2.31%)
Dec 2025 10.0× 6.31%
43 more quarters

Against its own ten years

Low 5.7× High 11.2×
Ten-year median 8.5×
Current reading's percentile 92

EV/EBITDA against peers

Company EV/EBITDA
THC Tenet Healthcare Corporation compare 4.7×
FMS Fresenius Medical Care AG & Co. KGaA compare 5.0×
UHS Universal Health Services, Inc. compare 6.3×
DVA DaVita Inc. compare 7.9×
HCA HCA Healthcare, Inc. 9.8×
EHC Encompass Health Corporation compare 10.5×
PACS PACS Group, Inc. compare 16.1×
CHE Chemed Corporation compare 16.1×
ENSG The Ensign Group, Inc. compare 16.3×
Medical Care Facilities industry median 11.4×
Healthcare sector median 8.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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