HCA Healthcare, Inc. (HCA) Financial Statements
Industry: General Medical & Surgical Hospitals (Other) (Services)
In fiscal 2025, HCA Healthcare reported revenue of $75.60B, up 7.1% from $70.60B the year before. Net income was $6.78B (a 9.0% net margin), or $28.33 per diluted share. Gross margin was 13.0% and operating margin was 12.3%. Operating activities generated $12.64B of cash, leaving $7.69B of free cash flow. At fiscal year end, HCA Healthcare held $60.72B in total assets against $66.75B in total liabilities, including $1.04B of cash and equivalents.
Open the full interactive HCA Healthcare financials → Quarterly statements, key ratios, valuation history and price charts.
HCA Healthcare Key Stats
| Share Price | $460.75 |
|---|---|
| Market Cap | $102.67B |
| P/E Ratio | 16.3 |
| Dividend Yield | 0.66% |
| Revenue YoY Growth | +7.1% |
| 52-Week Range | $359.93 – $542.23 |
| Shares Outstanding | 220.5 million (basic, 2026 Q2) |
HCA Healthcare Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $51.53B | $58.75B | $60.23B | $64.97B | $70.60B | $75.60B |
| Cost of Goods Sold | $46.10B | $48.92B | $51.65B | $57.26B | $62.08B | $65.77B |
| Gross Profit | $5.43B | $9.83B | $8.58B | $7.71B | $8.52B | $9.83B |
| Operating Income | $5.01B | $9.43B | $8.20B | $7.39B | $8.10B | $9.28B |
| Pre-Tax Income | $5.43B | $9.83B | $8.58B | $7.71B | $8.52B | $9.83B |
| Income Tax | $1.04B | $2.11B | $1.75B | $1.61B | $1.87B | $2.05B |
| Net Income | $3.75B | $6.96B | $5.64B | $5.24B | $5.76B | $6.78B |
| Diluted EPS | $10.93 | $21.16 | $19.15 | $18.97 | $22.00 | $28.33 |
HCA Healthcare Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $19.16B | $19.51B | $19.11B | $20.23B |
| Net Income | $1.64B | $1.88B | $1.62B | $1.70B |
| Diluted EPS | $6.96 | $7.84 | $7.15 | $7.62 |
HCA Healthcare Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.79B | $1.45B | $908.0M | $935.0M | $1.93B | $1.04B |
| Current Assets | $12.33B | $13.54B | $13.64B | $14.93B | $16.41B | $15.78B |
| Total Assets | $47.49B | $50.74B | $52.44B | $56.21B | $59.51B | $60.72B |
| Current Liabilities | $8.70B | $9.58B | $9.90B | $12.65B | $15.18B | $16.35B |
| Total Long-Term Debt | $31.00B | $34.58B | $38.08B | $39.59B | $43.03B | $44.28B |
| Total Liabilities | $46.92B | $51.67B | $55.20B | $57.98B | $62.01B | $66.75B |
| Shareholders' Equity | $572.0M | -$933.0M | -$2.77B | -$1.77B | -$2.50B | -$6.03B |
HCA Healthcare Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $9.23B | $8.96B | $8.52B | $9.43B | $10.51B | $12.64B |
| Cash From Investing | -$3.39B | -$2.64B | -$3.39B | -$5.32B | -$4.93B | -$4.99B |
| Cash From Financing | -$4.68B | -$6.66B | -$5.66B | -$4.09B | -$4.58B | -$8.55B |
| Free Cash Flow | $6.40B | $5.38B | $4.13B | $4.69B | $5.64B | $7.69B |
| Dividends Paid | $153.0M | $624.0M | $653.0M | $661.0M | $690.0M | $679.0M |
Figures from HCA Healthcare's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full HCA Healthcare financials page for every line item.
HCA Healthcare Company Profile
| Ticker | HCA |
|---|---|
| Exchange | NYSE |
| Industry | General Medical & Surgical Hospitals (Other) (Services) |
| Headquarters | Nashville, Tennessee |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000860730 |
Frequently Asked Questions
What was HCA Healthcare's revenue in fiscal 2025?
HCA Healthcare (HCA) reported revenue of $75.60B for fiscal 2025.
What is HCA Healthcare's annual revenue history?
HCA Healthcare's annual revenue by fiscal year: 2020: $51.53B; 2021: $58.75B; 2022: $60.23B; 2023: $64.97B; 2024: $70.60B; 2025: $75.60B.
What was HCA Healthcare's net income in fiscal 2025?
HCA Healthcare reported net income of $6.78B for fiscal 2025.
What was HCA Healthcare's earnings per share (EPS) in fiscal 2025?
HCA Healthcare's diluted EPS was $28.33 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did HCA Healthcare generate in fiscal 2025?
HCA Healthcare generated $7.69B of free cash flow in fiscal 2025.
What was HCA Healthcare's revenue last quarter?
In its most recent reported quarter (2026 Q2), HCA Healthcare reported revenue of $20.23B.
How much debt does HCA Healthcare have?
HCA Healthcare reported $44.28B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of HCA Healthcare are outstanding?
HCA Healthcare reported a weighted average of 220.5 million basic shares outstanding in 2026 Q2.
What is HCA Healthcare's market cap?
Based on its latest closing price, HCA Healthcare (HCA) has a market capitalization of about $102.67B.
When does HCA Healthcare's fiscal year end?
HCA Healthcare's fiscal year end, as registered with the SEC, is December 31.
Where is HCA Healthcare headquartered?
HCA Healthcare lists its business address in Nashville, Tennessee in its SEC filings.