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
HCA Healthcare, Inc.'s free cash flow for fiscal 2025 was $7.7B, up 36.4% from $5.6B in fiscal 2024. Over the twelve months to 30 June 2026 it was $6.0B. Over the past ten years it has ranged from $2.4B (fiscal 2015) to $7.7B (fiscal 2025) — the current reading is the highest in ten years. Free cash flow has risen for 3 consecutive fiscal years. HCA Healthcare, Inc. ranks 1st of 54 Medical Care Facilities companies by free cash flow.
Free cash flow, annual
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Annual newest first
| Period | Free cash flow | Change |
|---|---|---|
| FY2025 | $7.7B | 36.41% |
| FY2024 | $5.6B | 20.31% |
| FY2023 | $4.7B | 13.57% |
| FY2022 | $4.1B | (23.32%) |
| FY2021 | $5.4B | (15.87%) |
| FY2020 | $6.4B | 85.74% |
| FY2019 | $3.4B | 8.03% |
| FY2018 | $3.2B | 32.23% |
| FY2017 | $2.4B | (16.66%) |
| FY2016 | $2.9B | 22.64% |
Quarterly newest first
| Period | Free cash flow | Change |
|---|---|---|
| Jun 2026 | $1.1B | 23.35% |
| Mar 2026 | $895.0M | 2.87% |
| Dec 2025 | $870.0M | (72.19%) |
| Sep 2025 | $3.1B | 3.10% |
| 42 more quarters | Free account |
Against its own ten years
Free cash flow against peers
| Company | Free cash flow |
|---|---|
| HCA HCA Healthcare, Inc. | $6.0B |
| THC Tenet Healthcare Corporation compare | $3.0B |
| FMS Fresenius Medical Care AG & Co. KGaA compare | $2.1B |
| DVA DaVita Inc. compare | $1.6B |
| UHS Universal Health Services, Inc. compare | $845.4M |
| PACS PACS Group, Inc. compare | $456.5M |
| ENSG The Ensign Group, Inc. compare | $419.1M |
| EHC Encompass Health Corporation compare | $413.4M |
| CHE Chemed Corporation compare | $328.1M |
What Free cash flow is
Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.
Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)
More on HCA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- 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
- 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