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

HCA Healthcare, Inc. (HCA) Price to free cash flow

Alert me on 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

Against its own ten years

Low 0.0× High 134×
Ten-year median 14.1×
Current reading's percentile 85

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)))

The full definition of Price to free cash flow →

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