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) Free cash flow margin
HCA Healthcare, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 7.69%, down 2.5 percentage points from fiscal 2025 (10.2%). Over the past ten years it has ranged from 5.53% (fiscal 2017) to 12.4% (fiscal 2020); the current reading is higher than 91% of that period. That is above the Medical Care Facilities industry median of 5.46% and above the Healthcare sector median of 0.00%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 10.2% | 2.18 |
| FY2024 | 7.99% | 0.78 |
| FY2023 | 7.21% | 0.36 |
| FY2022 | 6.85% | (2.31) |
| FY2021 | 9.16% | (3.25) |
| FY2020 | 12.4% | 5.70 |
| FY2019 | 6.71% | (0.12) |
| FY2018 | 6.83% | 1.30 |
| FY2017 | 5.53% | (1.44) |
| FY2016 | 6.97% | 1.02 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| THC Tenet Healthcare Corporation compare | 13.4% |
| CHE Chemed Corporation compare | 12.6% |
| DVA DaVita Inc. compare | 11.6% |
| FMS Fresenius Medical Care AG & Co. KGaA compare | 9.05% |
| PACS PACS Group, Inc. compare | 8.22% |
| HCA HCA Healthcare, Inc. | 7.69% |
| ENSG The Ensign Group, Inc. compare | 7.64% |
| EHC Encompass Health Corporation compare | 6.66% |
| UHS Universal Health Services, Inc. compare | 4.67% |
| Medical Care Facilities industry median | 5.46% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on HCA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net 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
- 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