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) Return on invested capital
HCA Healthcare, Inc.'s return on invested capital over the twelve months to 30 June 2026 was 16.7%, down 1.0 percentage points from fiscal 2025 (17.6%). Over the past ten years it has ranged from 14.0% (fiscal 2019) to 17.7% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Medical Care Facilities industry median of 5.01% and above the Healthcare sector median of 0.00%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 17.6% | 1.78 |
| FY2024 | 15.9% | 0.68 |
| FY2023 | 15.2% | (0.15) |
| FY2022 | 15.3% | (2.35) |
| FY2021 | 17.7% | 3.44 |
| FY2020 | 14.2% | 0.29 |
| FY2019 | 14.0% | (0.23) |
| FY2018 | 14.2% | 0.23 |
| FY2017 | 14.0% | (1.62) |
| FY2016 | 15.6% | (0.28) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| CHE Chemed Corporation compare | 23.5% |
| PACS PACS Group, Inc. compare | 21.4% |
| HCA HCA Healthcare, Inc. | 16.7% |
| THC Tenet Healthcare Corporation compare | 16.1% |
| DVA DaVita Inc. compare | 13.9% |
| ENSG The Ensign Group, Inc. compare | 12.9% |
| EHC Encompass Health Corporation compare | 11.8% |
| UHS Universal Health Services, Inc. compare | 10.5% |
| FMS Fresenius Medical Care AG & Co. KGaA compare | 5.78% |
| Medical Care Facilities industry median | 5.01% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- 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