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Saturday 17 October 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. 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.

457.58 10.92 −2.33%
Market cap
$101.4B
P/E
15.3×
Fwd P/E
12.3×
Dividend yield
0.67%
F-score
7/9
Altman Z
2.80
Beneish M
−2.87
Dividend safety
78/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

HCA Healthcare, Inc. (HCA) Operating margin

Alert me on Operating margin

HCA Healthcare, Inc.'s operating margin over the twelve months to 30 June 2026 was 15.6%, down 0.4 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 5.74% 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)
Jun 2026 15.2% 0.21
Mar 2026 15.0% (1.38)
Dec 2025 16.4% 0.85
Sep 2025 15.6% (0.49)
42 more quarters

Against its own ten years

Low 14.0% High 16.7%
Ten-year median 15.0%
Current reading's percentile 81

Operating margin against peers

Company Operating margin
THC Tenet Healthcare Corporation compare 20.1%
EHC Encompass Health Corporation compare 17.9%
HCA HCA Healthcare, Inc. 15.6%
DVA DaVita Inc. compare 15.2%
CHE Chemed Corporation compare 13.5%
UHS Universal Health Services, Inc. compare 11.4%
FMS Fresenius Medical Care AG & Co. KGaA compare 9.31%
ENSG The Ensign Group, Inc. compare 8.52%
PACS PACS Group, Inc. compare 7.39%
Medical Care Facilities industry median 5.74%
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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