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

HCA Healthcare, Inc. (HCA) Operating margin

Alert me on Operating margin

HCA Healthcare, Inc.'s operating margin over the twelve months to 30 September 2026 was 15.4%, down 0.5 percentage points from fiscal 2025 (15.9%). Over the past ten years it has ranged from 14.0% (fiscal 2017) to 16.7% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Medical Care Facilities industry median of 6.62% and above the Healthcare sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 15.9% 0.96
FY2024 15.0% 0.12
FY2023 14.9% (0.25)
FY2022 15.1% (1.56)
FY2021 16.7% 2.46
FY2020 14.2% 0.06
FY2019 14.1% (0.15)
FY2018 14.3% 0.30
FY2017 14.0% (1.08)
FY2016 15.1% (0.08)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 14.9% (0.31)
Jun 2026 15.2% 0.21
Mar 2026 15.0% (1.38)
Dec 2025 16.4% 0.85
43 more quarters

Against its own ten years

Low 14.0% High 16.7%
Ten-year median 15.0%
Current reading's percentile 77

Operating margin against peers

Company Operating margin
THC Tenet Healthcare Corporation compare 28.1%
EHC Encompass Health Corporation compare 18.3%
HCA HCA Healthcare, Inc. 15.4%
DVA DaVita Inc. compare 15.0%
CHE Chemed Corporation compare 13.9%
UHS Universal Health Services, Inc. compare 10.9%
ENSG The Ensign Group, Inc. compare 8.97%
FMS Fresenius Medical Care AG & Co. KGaA compare 8.82%
PACS PACS Group, Inc. compare 7.43%
Medical Care Facilities industry median 6.62%
Healthcare sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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