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) Net margin
HCA Healthcare, Inc.'s net margin over the twelve months to 30 June 2026 was 8.77%, down 0.2 percentage points from fiscal 2025 (8.97%). Over the past ten years it has ranged from 5.08% (fiscal 2017) to 11.8% (fiscal 2021); the current reading is higher than 82% of that period. That is above the Medical Care Facilities industry median of 2.32% and above the Healthcare sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 8.97% | 0.81 |
| FY2024 | 8.16% | 0.09 |
| FY2023 | 8.07% | (1.30) |
| FY2022 | 9.37% | (2.47) |
| FY2021 | 11.8% | 4.56 |
| FY2020 | 7.28% | 0.45 |
| FY2019 | 6.83% | (1.28) |
| FY2018 | 8.11% | 3.03 |
| FY2017 | 5.08% | (1.89) |
| FY2016 | 6.97% | 1.60 |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 8.40% | (0.08) |
| Mar 2026 | 8.48% | (1.14) |
| Dec 2025 | 9.62% | 1.05 |
| Sep 2025 | 8.57% | (0.31) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| CHE Chemed Corporation compare | 10.6% |
| EHC Encompass Health Corporation compare | 10.0% |
| THC Tenet Healthcare Corporation compare | 9.90% |
| HCA HCA Healthcare, Inc. | 8.77% |
| UHS Universal Health Services, Inc. compare | 8.42% |
| ENSG The Ensign Group, Inc. compare | 6.90% |
| DVA DaVita Inc. compare | 6.05% |
| PACS PACS Group, Inc. compare | 4.85% |
| FMS Fresenius Medical Care AG & Co. KGaA compare | 4.78% |
| Medical Care Facilities industry median | 2.32% |
| Healthcare sector median | 0.00% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on HCA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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