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.

457.58 10.92 −2.33%
Market cap
$101.4B
P/E
15.3×
Fwd P/E
12.3×
Dividend yield
0.67%
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 16 October 2026, HCA Healthcare, Inc. (HCA) trades at a EV/EBITDA of 9.4×. Over the past ten years it has ranged from 5.7× (March 2020) to 11.2× (March 2026); the current reading is higher than 87% of that period. That is below the Medical Care Facilities industry median of 10.2× and in line with the Healthcare sector median of 9.2×.

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
Jun 2026 8.5× (12.88%)
Mar 2026 9.8× (2.31%)
Dec 2025 10.0× 6.31%
Sep 2025 9.4× 1.45%
42 more quarters

Against its own ten years

Low 5.7× High 11.2×
Ten-year median 8.5×
Current reading's percentile 87

EV/EBITDA against peers

Company EV/EBITDA
FMS Fresenius Medical Care AG & Co. KGaA compare 4.9×
UHS Universal Health Services, Inc. compare 5.8×
THC Tenet Healthcare Corporation compare 6.1×
DVA DaVita Inc. compare 7.8×
HCA HCA Healthcare, Inc. 9.4×
EHC Encompass Health Corporation compare 10.3×
PACS PACS Group, Inc. compare 15.6×
CHE Chemed Corporation compare 16.5×
ENSG The Ensign Group, Inc. compare 17.2×
Medical Care Facilities industry median 10.2×
Healthcare sector median 9.2×
Market median 11.0×

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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