59/100B495.02
USD
-12.39
(-2.44%)
Pre Open
Fair value430.99Plus+15%232Price 495.02597
Q4 FY2026 · Earnings report
EPS estimate 8.15Revenue estimate 20.02B
Q4 FY2026 · Earnings report
EPS estimate 8.15Revenue estimate 20.02B
HCA Healthcare financials
Yes. HCA Healthcare earned 6.78B USD of net income over the last twelve months, 8.6% of its revenue. It made a profit in 35 of its 36 fiscal years since 1990. Its last loss was in fiscal year 1997.
- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 78.70B USD
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 6.78B USD
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 5.97B USD
- Cash and short-term investments
- 908.00M USD
- Total debt
- 52.43B USD
- Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.
- -8.08B USD
Cash, debt and equity as of 30 Sept 2026.
HCA Healthcare earnings
Next earnings · Q4 FY2026
EPS estimate
8.15 USD
Revenue estimate
20.02B USD
Last quarter · Q3 FY2026
EPS7.22Beat +8.6%Revenue19.85BBeat +2.7%
Revenue
ReportedEstimate
EPS
ReportedEstimate
| Period | Report date | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|---|
| Q3 FY2027 | 7.40 | — | — | +2.50% | 20.58B | — | — | +3.66% | |
| Q2 FY2027 | 7.54 | — | — | -0.70% | 20.36B | — | — | +0.63% | |
| Q1 FY2027 | 7.49 | — | — | +4.76% | 19.91B | — | — | +4.17% | |
| Q4 FY2026 | 8.15 | — | — | +1.75% | 20.02B | — | — | +2.58% | |
| Q3 FY2026 | 6.65 | 7.22 | +8.57% | +3.74% | 19.33B | 19.85B | +2.70% | +3.59% | |
| Q2 FY2026 | 7.56 | 7.59 | +0.40% | +10.96% | 19.76B | 20.23B | +2.40% | +8.73% | |
| Q1 FY2026 | 7.12 | 7.15 | +0.42% | +10.85% | 19.09B | 19.11B | +0.11% | +4.30% | |
| Q4 FY2025 | 7.46 | 8.01 | +7.37% | +28.78% | 19.68B | 19.51B | -0.87% | +6.72% | |
| Q3 FY2025 | 5.79 | 6.96 | +20.21% | +38.37% | 18.60B | 19.16B | +3.02% | +9.57% | |
| Q2 FY2025 | 6.29 | 6.84 | +8.74% | +23.69% | 18.50B | 18.61B | +0.57% | +6.36% |
| Period | EPS estimate | Reported EPS | Surprise | EPS growth | Revenue estimate | Reported revenue | Surprise | Revenue growth |
|---|---|---|---|---|---|---|---|---|
| FY2028 | 34.93 | — | — | +11.48% | 85.34B | — | — | +4.54% |
| FY2027 | 31.34 | — | — | +4.10% | 81.63B | — | — | +3.11% |
| FY2026 | 30.10 | — | — | +6.52% | 79.17B | — | — | +4.72% |
| FY2025 | 27.68 | 28.26 | +2.08% | +24.44% | 75.74B | 75.60B | -0.18% | +7.08% |
| FY2024 | 21.94 | 22.71 | +3.50% | +19.15% | 70.57B | 70.60B | +0.05% | +8.67% |
| FY2023 | 18.20 | 19.06 | +4.71% | +12.78% | 64.15B | 64.97B | +1.27% | +7.86% |
| FY2022 | 17.01 | 16.90 | -0.67% | -3.43% | 60.35B | 60.23B | -0.19% | +2.52% |
HCA Healthcare growth and profitability
Full income statement- Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.
- 78.70B USD
- Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
- 6.78B USD
- Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
- 21.69%
- Operating margin
- 15.34%
- Net margin
- 8.61%
Revenue / Net income
Revenue Net income Net margin
How HCA Healthcare makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.
Revenue75.60B 100.0%
Cost of revenue44.23B 58.5%
Gross profit31.37B 41.5%
Selling and administration8.00B 10.6%
Other operating expenses11.41B 15.1%
Operating income11.97B 15.8%
Tax2.05B 2.7%
Other expense3.13B 4.1%
Net income6.78B 9.0%
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.
HCA Healthcare revenue breakdown
By product
FY2025
50.5%Managed Care And Other Insurers18.4%Managed Medicare15.4%Medicare8.1%Medicaid5.0%Managed Medicaid2.5%International
| Segment | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| Managed Care And Other Insurers | 36.97B | 50.5% | +5.8% |
| Managed Medicare | 13.44B | 18.4% | +12.1% |
| Medicare | 11.27B | 15.4% | +4.6% |
| Medicaid | 5.91B | 8.1% | +26.3% |
| Managed Medicaid | 3.69B | 5.0% | -7.2% |
| International | 1.86B | 2.5% | +10.8% |
By region
FY2025
36.5%American Group34.1%Atlantic Group29.4%National Group
| Region | Revenue | Share of revenue | Change on the year |
|---|---|---|---|
| American Group | 26.45B | 36.5% | +7.5% |
| Atlantic Group | 24.71B | 34.1% | +6.6% |
| National Group | 21.28B | 29.4% | +8.5% |
Operating and free cash flow
Full cash flow statementOperating cash flow Free cash flow
HCA Healthcare financial health
Full balance sheet- Cash and short-term investments
- 908.00M USD
- Total debt
- 52.43B USD
- Net cash
- -51.52B USD
- Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.
- 5.97B USD
- Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.
- 0.82
- Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.
- 6 / 9
- Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.
- 2.57
Cash, debt and free cash flow
Cash and short-term investments Total debt Free cash flow
Assets, liabilities and equity
Total assets Total liabilities Shareholders' equity
HCA Healthcare valuation
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 16.35
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 16.44
- Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.
- 1.31
- EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.
- 9.74
Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.
Market capitalization
103.41B USD
+
Total debt
52.43B USD
−
Cash and short-term investments
908.00M USD
=
Enterprise value
154.92B USD
Valuation over time
P/EForward P/EForward P/E · EstimateEstimate
HCA Healthcare against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.
Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.
Its peers: Tenet Healthcare, Encompass Health, DaVita, and The Ensign Group, the US Medical - Care Facilities companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.
- P/E (today)Above its median16.47.619.7
- Gross marginHighest in 5 years41.5%38.3%41.5%Against its peers: 3 of 5Peers' median 35.1%
- Operating marginAbove its median15.8%14.8%16.5%Against its peers: 3 of 5Peers' median 15.4%
- Net marginAt its median9.0%8.1%11.8%Against its peers: 2 of 5Peers' median 6.7%
- Free cash flow marginHighest in 5 years10.2%6.9%10.2%Against its peers: 2 of 5Peers' median 8.5%
- Revenue growthBelow its median7.1%2.5%14.0%Against its peers: 3 of 5Peers' median 8.5%
- EPS growthAbove its median29.0%-9.5%93.6%Against its peers: 1 of 5Peers' median 1.3%
- Debt to EBITDAAt its median3.22×2.58×3.29×Against its peers: 3 of 5Peers' median 4.32×
- Current ratioLowest in 5 years0.830.831.41Against its peers: 5 of 5Peers' median 1.36
Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.
HCA Healthcare dividends
- Annual dividend
- 3.12 USD
- Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.
- 0.63%
- Payout ratioWhat is the payout ratio? The payout ratio is the share of a company's earnings paid out as dividends: dividends per share divided by earnings per share (EPS).
- 12.69%
- Years of dividend growthWhat are years of dividend growth? The years in a row a company has raised its dividend per share. 25 years make an S&P 500 company a Dividend Aristocrat; 50 make a Dividend King.
- 6
- Frequency
- Quarterly
- Next payment
- 0.78 USD
- Next ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.
- 15 Dec 2026
- Next payment date
- 29 Dec 2026
Dividends per share
HCA Healthcare ownership
- InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.
- 58.45%
- Institutional holders
- 1,402 (-83)
- Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.
- 66.82%
Who owns the shares
Institutions 58.5% Others 41.5%
As of 30 Jun 2026
Shares free to trade
Free float 139.59M shares ·66.8% Closely held 69.31M shares ·33.2%
Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.
Insider trading
| Quarter | Purchases | Sales | Shares acquired | Shares disposed of |
|---|---|---|---|---|
| Q4 2026 | 0 | 9 | 1.49M | 1.56M |
| Q3 2026 | 0 | 0 | 0.00 | 7.77K |
| Q2 2026 | 0 | 0 | 9.26K | 3.34K |
| Q1 2026 | 0 | 12 | 183.13M | 220.07M |
Shares outstanding
Basic shares Diluted shares Change in diluted shares
Common questions about HCA Healthcare's financials
Source: Financial Modeling Prep