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Saturday 7 November 2026 Export HCA’s income statement to Excel — free account

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
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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HCA Healthcare, Inc. (HCA) Gross margin

Alert me on Gross margin

HCA Healthcare, Inc.'s gross margin over the twelve months to 30 September 2026 was 85.3%, up 0.4 percentage points from fiscal 2025 (85.0%). Over the past ten years it has ranged from 83.2% (fiscal 2017) to 85.0% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Care Facilities industry median of 30.6% and above the Healthcare sector median of 54.5%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 85.0% 0.19
FY2024 84.8% 0.01
FY2023 84.8% 0.32
FY2022 84.4% 0.58
FY2021 83.9% 0.10
FY2020 83.8% 0.28
FY2019 83.5% 0.03
FY2018 83.5% 0.22
FY2017 83.2% (0.06)
FY2016 83.3% 0.02

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 85.8% 0.05
Jun 2026 85.7% 0.66
Mar 2026 85.1% 0.33
Dec 2025 84.7% (0.74)
43 more quarters

Against its own ten years

Low 83.2% High 85.0%
Ten-year median 83.8%
Current reading's percentile 100

Gross margin against peers

Company Gross margin
EHC Encompass Health Corporation compare 100.0%
UHS Universal Health Services, Inc. compare 90.7%
HCA HCA Healthcare, Inc. 85.3%
THC Tenet Healthcare Corporation compare 46.2%
CHE Chemed Corporation compare 33.5%
DVA DaVita Inc. compare 32.3%
FMS Fresenius Medical Care AG & Co. KGaA compare 26.4%
PACS PACS Group, Inc. compare 17.1%
ENSG The Ensign Group, Inc. compare 16.6%
Medical Care Facilities industry median 30.6%
Healthcare sector median 54.5%
Market median 46.0%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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