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) EV/FCF
As of 16 October 2026, HCA Healthcare, Inc. (HCA) trades at a EV/FCF of 24.9×. Over the past ten years it has ranged from −570× (October 2021) to 183× (September 2021); the current reading is higher than 66% of that period.
EV/FCF, daily
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Annual newest first
| Period | EV/FCF | Change |
|---|---|---|
| FY2025 | 20.3× | (3.78%) |
| FY2024 | 21.1× | (13.18%) |
| FY2023 | 24.2× | (7.16%) |
| FY2022 | 26.1× | 20.98% |
| FY2021 | 21.6× | 62.78% |
| FY2020 | 13.3× | (45.32%) |
| FY2019 | 24.3× | 2.36% |
| FY2018 | 23.7× | (11.78%) |
| FY2017 | 26.9× | 31.05% |
| FY2016 | 20.5× | (16.29%) |
Quarterly newest first
| Period | EV/FCF | Change |
|---|---|---|
| Jun 2026 | 22.5× | 16.45% |
| Mar 2026 | 19.3× | (4.79%) |
| Dec 2025 | 20.3× | 14.87% |
| Sep 2025 | 17.6× | (4.87%) |
| 42 more quarters | Free account |
Against its own ten years
EV/FCF against peers
| Company | EV/FCF |
|---|---|
| FMS Fresenius Medical Care AG & Co. KGaA compare | 9.3× |
| THC Tenet Healthcare Corporation compare | 11.1× |
| DVA DaVita Inc. compare | 12.3× |
| PACS PACS Group, Inc. compare | 16.4× |
| UHS Universal Health Services, Inc. compare | 18.6× |
| CHE Chemed Corporation compare | 20.9× |
| ENSG The Ensign Group, Inc. compare | 24.0× |
| HCA HCA Healthcare, Inc. | 24.9× |
| EHC Encompass Health Corporation compare | 39.4× |
What EV/FCF is
EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.
((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))
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
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement