Saturday 7 November 2026 Export HCA’s income statement to Excel — free account

HCA Healthcare, Inc.

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

496.04 11.44 −2.25%

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Market cap: $106.0B
P/E: 15.7×
Fwd P/E: 15.6×
Dividend yield: 0.62%
F-score: 7/9
Altman Z: 2.80
Beneish M: −2.87
Dividend safety: 78/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

HCA Healthcare, Inc. (HCA) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
American Group	26,445	34.98%
Atlantic Group	24,709	32.68%
National Group	21,278	28.15%
Corporate and Other	3,168	4.19%
Gross margin		84.96%
Operating margin		15.93%
Pre-tax margin		13.01%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
American Group	26,445 34.98%	24,668 34.94%	22,318 34.35%	20,858 34.63%	19,636 33.42%	23,593 45.78%	23,173 45.14%	21,959 47.04%	20,912 47.95%	19,670 47.41%
Atlantic Group	24,709 32.68%	23,380 33.11%	21,167 32.58%	19,324 32.08%	19,098 32.51%	—	—	—	—	—
National Group	21,278 28.15%	19,656 27.84%	18,105 27.87%	16,767 27.84%	16,329 27.79%	25,694 49.86%	25,913 50.48%	22,581 48.38%	20,772 47.63%	19,845 47.83%
Corporate and Other	3,168 4.19%	2,899 4.11%	3,378 5.20%	3,284 5.45%	3,689 6.28%	2,246 4.36%	2,250 4.38%	2,137 4.58%	1,930 4.43%	1,975 4.76%
Revenue	75,600	70,603	64,968	60,233	58,752	51,533	51,336	46,677	43,614	41,490

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Admissions	Q3 FY2026	592.2K	577.8K	+2.49%
Ambulatory sites of care	Q2 FY2026	2.6K	2.5K	+4.00%
Average Length of Stay	Q3 FY2026	4.62	4.66	−0.90%
Emergency Room Visits	Q3 FY2026	2.6M	2.5M	+5.25%
Equivalent Admissions	Q3 FY2026	1.1M	1.0M	+2.82%
Equivalent Patient Days	Q3 FY2026	4.9M	4.8M	+1.88%
Inpatient Surgery Cases	Q3 FY2026	136.8K	138.6K	−1.28%
Licensed Beds at End of Period	Q3 FY2026	50.4K	50.6K	−0.30%
Number of Freestanding Outpatient Surgery Centers	Q3 FY2026	117.00	123.00	−4.88%
Number of Hospitals	Q3 FY2026	189.00	191.00	−1.05%
Outpatient Surgery Cases	Q3 FY2026	242.8K	253.4K	−4.19%
Patient Days	Q3 FY2026	2.7M	2.7M	+1.56%
Same Facility Admissions	Q1 FY2026	57,676,600.0%	56,826,500.0%	—
Same Facility Emergency Room Visits	Q4 FY2025	246,717,500.0%	—	—
Same Facility Equivalent Admissions	Q1 FY2026	101,568,500.0%	98,764,500.0%	—
Same Facility Inpatient Surgery Cases	Q2 FY2026	132.3K	134.3K	−1.49%
Same Facility Outpatient Surgery Cases	Q2 FY2026	242.4K	253.0K	−4.19%
Weighted Average Beds in Service	Q3 FY2026	42.9K	42.9K	−0.07%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Admissions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Ambulatory sites of care	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Average Length of Stay	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Emergency Room Visits	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equivalent Admissions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Equivalent Patient Days	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Inpatient Surgery Cases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Licensed Beds at End of Period	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of Freestanding Outpatient Surgery Centers	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Number of Hospitals	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Outpatient Surgery Cases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Patient Days	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same Facility Admissions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same Facility Emergency Room Visits	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same Facility Equivalent Admissions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same Facility Inpatient Surgery Cases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Same Facility Outpatient Surgery Cases	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Weighted Average Beds in Service	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.