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
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HCA Healthcare, Inc. (HCA) 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 | Free account |
Against its own ten years
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
More on HCA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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