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) Price to free cash flow
As of 16 October 2026, HCA Healthcare, Inc. (HCA) trades at a price to free cash flow of 16.8×. Over the past ten years it has ranged from 0.0× (December 2021) to 134× (September 2021); the current reading is higher than 85% of that period. That is above the Medical Care Facilities industry median of 13.7× and below the Healthcare sector median of 20.2×.
Price to free cash flow, daily
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Annual newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 14.3× | 4.24% |
| FY2024 | 13.8× | (13.98%) |
| FY2023 | 16.0× | (6.48%) |
| FY2022 | 17.1× | 10.86% |
| FY2021 | 15.4× | 77.47% |
| FY2020 | 8.7× | (40.61%) |
| FY2019 | 14.6× | 8.02% |
| FY2018 | 13.6× | 0.79% |
| FY2017 | 13.5× | 36.24% |
| FY2016 | 9.9× | (16.86%) |
Quarterly newest first
| Period | Price to free cash flow | Change |
|---|---|---|
| Jun 2026 | 14.3× | 7.42% |
| Mar 2026 | 13.3× | (6.97%) |
| Dec 2025 | 14.3× | 17.04% |
| Sep 2025 | 12.3× | (2.43%) |
| 42 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| FMS Fresenius Medical Care AG & Co. KGaA compare | 5.8× |
| DVA DaVita Inc. compare | 6.7× |
| THC Tenet Healthcare Corporation compare | 7.4× |
| UHS Universal Health Services, Inc. compare | 13.1× |
| PACS PACS Group, Inc. compare | 16.2× |
| HCA HCA Healthcare, Inc. | 16.8× |
| CHE Chemed Corporation compare | 20.6× |
| ENSG The Ensign Group, Inc. compare | 24.4× |
| EHC Encompass Health Corporation compare | 32.9× |
| Medical Care Facilities industry median | 13.7× |
| Healthcare sector median | 20.2× |
| Market median | 14.2× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on HCA
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- 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