H

HCA Healthcare, Inc.

HCA · CIK 0000860730

17 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$75.60B7.1%
FY2025
Net income (FY)
$6.78B17.8%
FY2025
Free cash flow (FY)
$7.69B36.4%
FY2025
Diluted EPS (FY)
$28.3328.8%
FY2025
The story, charted

The shape of the business

FY2016–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$50BFY2016 · Revenue $41.49B · Net income $2.89B · 0001193125-19-047078 · filed 2019-02-21FY16Revenue $41.49BNet income $2.89B0001193125-19-047078 · filed 2019-02-21FY2017 · Revenue $43.61B · Net income $2.22B · 0001193125-20-043524 · filed 2020-02-20FY17Revenue $43.61BNet income $2.22B0001193125-20-043524 · filed 2020-02-20FY2018 · Revenue $46.68B · Net income $3.79B · 0001193125-21-048994 · filed 2021-02-19FY18Revenue $46.68BNet income $3.79B0001193125-21-048994 · filed 2021-02-19FY2019 · Revenue $51.34B · Net income $3.50B · 0001193125-22-046707 · filed 2022-02-18FY19Revenue $51.34BNet income $3.50B0001193125-22-046707 · filed 2022-02-18FY2020 · Revenue $51.53B · Net income $3.75B · 0000950170-23-003234 · filed 2023-02-17FY20Revenue $51.53BNet income $3.75B0000950170-23-003234 · filed 2023-02-17FY2021 · Revenue $58.75B · Net income $6.96B · 0000950170-24-016524 · filed 2024-02-16FY21Revenue $58.75BNet income $6.96B0000950170-24-016524 · filed 2024-02-16FY2022 · Revenue $60.23B · Net income $5.64B · 0000950170-25-020134 · filed 2025-02-14FY22Revenue $60.23BNet income $5.64B0000950170-25-020134 · filed 2025-02-14FY2023 · Revenue $64.97B · Net income $5.24B · 0001193125-26-044769 · filed 2026-02-10FY23Revenue $64.97BNet income $5.24B0001193125-26-044769 · filed 2026-02-10FY2024 · Revenue $70.60B · Net income $5.76B · 0001193125-26-044769 · filed 2026-02-10FY24Revenue $70.60BNet income $5.76B0001193125-26-044769 · filed 2026-02-10FY2025 · Revenue $75.60B · Net income $6.78B · 0001193125-26-044769 · filed 2026-02-10FY25Revenue $75.60BNet income $6.78B0001193125-26-044769 · filed 2026-02-10FY25Revenue $75.60BNet income $6.78B0001193125-26-044769 · filed 2026-02-10FY17FY19FY21FY23FY25

revenue 1.8× since FY2016 · net margin 7.0% → 9.0%

MarginsNet marginFCF margin
0%5%10%FY2016 · Net margin 7.0% · FCF margin 7.0%FY16Net margin 7.0%FCF margin 7.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 5.1% · FCF margin 5.5%FY17Net margin 5.1%FCF margin 5.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 8.1% · FCF margin 6.8%FY18Net margin 8.1%FCF margin 6.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 6.8% · FCF margin 6.7%FY19Net margin 6.8%FCF margin 6.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 7.3% · FCF margin 12.4%FY20Net margin 7.3%FCF margin 12.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 11.8% · FCF margin 9.2%FY21Net margin 11.8%FCF margin 9.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 9.4% · FCF margin 6.9%FY22Net margin 9.4%FCF margin 6.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 8.1% · FCF margin 7.2%FY23Net margin 8.1%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 8.2% · FCF margin 8.0%FY24Net margin 8.2%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 9.0% · FCF margin 10.2%FY25Net margin 9.0%FCF margin 10.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 9.0%FCF margin 10.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’17’19’21’23’25

FY2025: net 9.0% · free cash flow 10.2% of revenue

Cash engineOperating cash flowFree cash flow
$0$5B$10BFY2009 · OCF $2.75B · FCF $1.43B · 0001193125-12-075882 · filed 2012-02-24FY09OCF $2.75BFCF $1.43B0001193125-12-075882 · filed 2012-02-24FY2010 · OCF $3.08B · FCF $1.76B · 0001193125-13-077574 · filed 2013-02-27FY10OCF $3.08BFCF $1.76B0001193125-13-077574 · filed 2013-02-27FY2011 · OCF $3.93B · FCF $2.25B · 0001193125-14-070000 · filed 2014-02-26FY11OCF $3.93BFCF $2.25B0001193125-14-070000 · filed 2014-02-26FY2012 · OCF $4.17B · FCF $2.31B · 0001193125-15-065975 · filed 2015-02-26FY12OCF $4.17BFCF $2.31B0001193125-15-065975 · filed 2015-02-26FY2013 · OCF $3.68B · FCF $1.74B · 0001193125-15-065975 · filed 2015-02-26FY13OCF $3.68BFCF $1.74B0001193125-15-065975 · filed 2015-02-26FY2014 · OCF $4.45B · FCF $2.27B · 0001193125-15-065975 · filed 2015-02-26FY14OCF $4.45BFCF $2.27B0001193125-15-065975 · filed 2015-02-26FY2015 · OCF $4.73B · FCF $2.36B · 0001193125-18-056057 · filed 2018-02-23FY15OCF $4.73BFCF $2.36B0001193125-18-056057 · filed 2018-02-23FY2016 · OCF $5.65B · FCF $2.89B · 0001193125-19-047078 · filed 2019-02-21FY16OCF $5.65BFCF $2.89B0001193125-19-047078 · filed 2019-02-21FY2017 · OCF $5.43B · FCF $2.41B · 0001193125-20-043524 · filed 2020-02-20FY17OCF $5.43BFCF $2.41B0001193125-20-043524 · filed 2020-02-20FY2018 · OCF $6.76B · FCF $3.19B · 0001193125-21-048994 · filed 2021-02-19FY18OCF $6.76BFCF $3.19B0001193125-21-048994 · filed 2021-02-19FY2019 · OCF $7.60B · FCF $3.44B · 0001193125-22-046707 · filed 2022-02-18FY19OCF $7.60BFCF $3.44B0001193125-22-046707 · filed 2022-02-18FY2020 · OCF $9.23B · FCF $6.40B · 0000950170-23-003234 · filed 2023-02-17FY20OCF $9.23BFCF $6.40B0000950170-23-003234 · filed 2023-02-17FY2021 · OCF $8.96B · FCF $5.38B · 0000950170-24-016524 · filed 2024-02-16FY21OCF $8.96BFCF $5.38B0000950170-24-016524 · filed 2024-02-16FY2022 · OCF $8.52B · FCF $4.13B · 0000950170-25-020134 · filed 2025-02-14FY22OCF $8.52BFCF $4.13B0000950170-25-020134 · filed 2025-02-14FY2023 · OCF $9.43B · FCF $4.69B · 0001193125-26-044769 · filed 2026-02-10FY23OCF $9.43BFCF $4.69B0001193125-26-044769 · filed 2026-02-10FY2024 · OCF $10.51B · FCF $5.64B · 0001193125-26-044769 · filed 2026-02-10FY24OCF $10.51BFCF $5.64B0001193125-26-044769 · filed 2026-02-10FY2025 · OCF $12.64B · FCF $7.69B · 0001193125-26-044769 · filed 2026-02-10FY25OCF $12.64BFCF $7.69B0001193125-26-044769 · filed 2026-02-10FY25OCF $12.64BFCF $7.69B0001193125-26-044769 · filed 2026-02-10’09’13’17’21’25

FY2025: $12.64B operating cash − $4.94B capex = $7.69B free cash flow

Returns on capitalReturn on equityReturn on assets
-500%0%500%FY2010 · ROE 10.1% · ROA 5.1%FY10ROE 10.1%ROA 5.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE -29.8% · ROA 9.2%FY11ROE -29.8%ROA 9.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE -16.6% · ROA 5.7%FY12ROE -16.6%ROA 5.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE -18.8% · ROA 5.4%FY13ROE -18.8%ROA 5.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE -23.8% · ROA 6.1%FY14ROE -23.8%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE -28.0% · ROA 6.5%FY15ROE -28.0%ROA 6.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE -39.6% · ROA 8.6%FY16ROE -39.6%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE -32.6% · ROA 6.1%FY17ROE -32.6%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -76.5% · ROA 9.7%FY18ROE -76.5%ROA 9.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE -124.8% · ROA 7.8%FY19ROE -124.8%ROA 7.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 656.3% · ROA 7.9%FY20ROE 656.3%ROA 7.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -745.6% · ROA 13.7%FY21ROE -745.6%ROA 13.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -203.9% · ROA 10.8%FY22ROE -203.9%ROA 10.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -295.5% · ROA 9.3%FY23ROE -295.5%ROA 9.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -230.5% · ROA 9.7%FY24ROE -230.5%ROA 9.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -112.6% · ROA 11.2%FY25ROE -112.6%ROA 11.2%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -112.6%ROA 11.2%derived: net income ÷ equity · derived: net income ÷ assets’13’17’21’25

return on equity 10% (FY2010) → -113% (FY2025) · on assets 11.2%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2011 · Liabilities $33.91B · Equity −$8.26BFY11Liabilities $33.91BEquity −$8.26B0001193125-13-077574 · filed 2013-02-27FY2012 · Liabilities $36.42B · Equity −$9.66BFY12Liabilities $36.42BEquity −$9.66B0001193125-14-070000 · filed 2014-02-26FY2013 · Liabilities $35.76B · Equity −$8.27BFY13Liabilities $35.76BEquity −$8.27B0001193125-15-065975 · filed 2015-02-26FY2014 · Liabilities $37.48B · Equity −$7.89BFY14Liabilities $37.48BEquity −$7.89B0001193125-16-482165 · filed 2016-02-26FY2015 · Liabilities $38.79B · Equity −$7.60BFY15Liabilities $38.79BEquity −$7.60B0001193125-17-052253 · filed 2017-02-22FY2016 · Liabilities $39.39B · Equity −$7.30BFY16Liabilities $39.39BEquity −$7.30B0001193125-18-056057 · filed 2018-02-23FY2017 · Liabilities $41.59B · Equity −$6.81BFY17Liabilities $41.59BEquity −$6.81B0001193125-19-047078 · filed 2019-02-21FY2018 · Liabilities $42.13B · Equity −$4.95BFY18Liabilities $42.13BEquity −$4.95B0001193125-20-043524 · filed 2020-02-20FY2019 · Liabilities $45.62B · Equity −$2.81BFY19Liabilities $45.62BEquity −$2.81B0001193125-20-043524 · filed 2020-02-20 · 0001193125-21-048994 · filed 2021-02-19FY19Liabilities $45.62BEquity −$2.81B0001193125-20-043524 · filed 2020-02-20 · 0001193125-21-048994 · filed 2021-02-19’11’13’15’17’19
The receipts