HCA Healthcare (HCA) Financials: Revenue & Earnings
HCA$459.42+9.46 +2.10%
$99.47B
Market Cap
15.53
P/E
15.57
Forward P/E
48
Score
HCA Healthcare (HCA) Financials: Revenue & Earnings
HCA price $459.42 +9.46 +2.10%
- Ticker
- HCA
- Price
- $459.42
- Change
- +9.46 +2.10%
- Market cap ?
- $99.47B
- P/E ?
- 15.53
- Forward P/E ?
- 15.57
- Dividend yield ?
- 0.66%
- Beta ?
- 1.11
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Stocklytics score
- 48
- Value
- 52
- Quality
- 56
- Growth
- 37
Stocklytics score rationale: value 52, quality 56, growth 37.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 41490000000 | 43614000000 | 46677000000 | 51336000000 | 51533000000 | 58752000000 | 60233000000 | 64968000000 | 70603000000 | 75600000000 |
HCA Healthcare, Inc., operating through its subsidiaries, delivers a comprehensive array of healthcare services throughout the United States. The organization manages a network of general and acute care hospitals that provide a full spectrum of medical and surgical care, encompassing inpatient services, intensive care, cardiac treatment, diagnostic procedures, and emergency services. These hospitals additionally…
Fair value
HCA fair value $382.25. Price $459.42. Price is 20% above fair value.
Above fair value, around its usual premium.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 6.00B. Growth 14.19%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.41% (beta 1.1). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 216.50M. Net debt 49.16B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-01-26 | — | 8.14 | — | 19.98B |
| 2026-10-27 | 7.22 | 6.65 | 19.85B | 19.33B |
| 2026-07-24 | 7.59 | 7.56 | 20.23B | 19.76B |
| 2026-04-24 | 7.15 | 7.12 | 19.11B | 19.09B |
| 2026-01-27 | 8.01 | 7.46 | 19.51B | 19.68B |
| 2025-10-24 | 6.96 | 5.79 | 19.16B | 18.60B |
| 2025-07-25 | 6.84 | 6.29 | 18.61B | 18.50B |
| 2025-04-25 | 6.45 | 5.75 | 18.32B | 18.26B |
| 2025-01-24 | 6.22 | 6.13 | 18.29B | 18.23B |
| 2024-10-25 | 5.03 | 4.99 | 17.49B | 17.54B |
| 2024-07-23 | 5.53 | 4.85 | 17.49B | 17.05B |
| 2024-04-26 | 5.93 | 5.01 | 17.34B | 16.81B |
| 2024-01-30 | 5.93 | 5.06 | 17.30B | 16.51B |
| 2023-10-24 | 3.91 | 3.98 | 16.21B | 15.83B |
| 2023-07-27 | 4.29 | 4.22 | 15.86B | 15.62B |
| 2023-04-21 | 4.93 | 3.93 | 15.59B | 15.27B |
| 2023-01-27 | 4.64 | 4.79 | 15.50B | 15.63B |
| 2022-10-21 | 3.93 | 3.88 | 14.97B | 15.00B |
| 2022-07-22 | 4.21 | 3.70 | 14.82B | 14.72B |
| 2022-04-22 | 4.12 | 4.25 | 14.95B | 14.75B |
| 2022-01-27 | 4.42 | 4.53 | 15.06B | 15.35B |
| 2021-10-22 | 4.57 | 4.10 | 15.28B | 14.34B |
| 2021-07-20 | 4.37 | 3.16 | 14.44B | 14.34B |
| 2021-04-22 | 4.14 | 3.32 | 13.98B | 13.58B |
| 2021-02-02 | 4.13 | 3.61 | 14.29B | 14.00B |
| 2020-10-26 | 1.92 | 2.32 | 13.31B | 16.08B |
| 2020-07-22 | 1.50 | -0.94 | 11.07B | 1.34B |
| 2020-04-21 | 2.33 | 2.61 | 12.86B | 14.57B |
| 2020-01-28 | 3.09 | 3.09 | 13.52B | 13.52B |
| 2019-10-29 | 2.23 | 2.13 | 12.69B | 12.12B |
| 2019-07-30 | 2.21 | 2.46 | 12.60B | 14.03B |
| 2019-04-30 | 2.97 | 2.33 | 12.52B | 9.82B |
| 2019-01-29 | 2.99 | 2.58 | 12.27B | 10.59B |
| 2018-10-30 | 2.16 | 1.90 | 11.45B | 10.07B |
| 2018-07-25 | 2.29 | 2.16 | 11.53B | 10.87B |
| 2018-05-01 | 2.33 | 2.08 | 11.42B | 10.20B |
| 2018-01-30 | 2.12 | 1.87 | 11.56B | 10.15B |
| 2017-10-31 | 1.21 | 1.57 | 10.70B | 13.88B |
| 2017-07-25 | 1.75 | 1.80 | 10.73B | 11.10B |
| 2017-05-02 | 1.74 | 1.76 | 10.62B | 10.75B |
Dividends
Yield 0.67%. Payout ratio 10.06%. Frequency Quarterly.
Safety score 91/100 · Safe. Payout ratio is 10% of earnings. Dividends use less than 40% of free cash flow. Dividends were paid in 10 separate years. Yield is 0.7%, which is modest.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-12-15 | $0.78 | 2026-12-15 | 2026-12-29 | Quarterly |
| 2026-09-16 | $0.78 | 2026-09-16 | 2026-09-30 | Quarterly |
| 2026-06-16 | $0.78 | 2026-06-16 | 2026-06-30 | Quarterly |
| 2026-03-17 | $0.78 | 2026-03-17 | 2026-03-31 | Quarterly |
| 2025-12-15 | $0.72 | 2025-12-15 | 2025-12-29 | Quarterly |
| 2025-09-16 | $0.72 | 2025-09-16 | 2025-09-30 | Quarterly |
| 2025-06-16 | $0.72 | 2025-06-16 | 2025-06-30 | Quarterly |
| 2025-03-17 | $0.72 | 2025-03-17 | 2025-03-31 | Quarterly |
| 2024-12-13 | $0.66 | 2024-12-13 | 2024-12-27 | Quarterly |
| 2024-09-16 | $0.66 | 2024-09-16 | 2024-09-30 | Quarterly |
| 2024-06-14 | $0.66 | 2024-06-14 | 2024-06-28 | Quarterly |
| 2024-03-14 | $0.66 | 2024-03-15 | 2024-03-29 | Quarterly |
| 2023-12-13 | $0.60 | 2023-12-14 | 2023-12-28 | Quarterly |
| 2023-09-14 | $0.60 | 2023-09-15 | 2023-09-29 | Quarterly |
| 2023-06-15 | $0.60 | 2023-06-16 | 2023-06-30 | Quarterly |
| 2023-03-16 | $0.60 | 2023-03-17 | 2023-03-31 | Quarterly |
| 2022-12-13 | $0.56 | 2022-12-14 | 2022-12-28 | Quarterly |
| 2022-09-15 | $0.56 | 2022-09-16 | 2022-09-30 | Quarterly |
| 2022-06-15 | $0.56 | 2022-06-16 | 2022-06-30 | Quarterly |
| 2022-03-16 | $0.56 | 2022-03-17 | 2022-03-31 | Quarterly |
| 2021-12-13 | $0.48 | 2021-12-14 | 2021-12-29 | Quarterly |
| 2021-09-15 | $0.48 | 2021-09-16 | 2021-09-30 | Quarterly |
| 2021-06-15 | $0.48 | 2021-06-16 | 2021-06-30 | Quarterly |
| 2021-03-16 | $0.48 | 2021-03-17 | 2021-03-31 | Quarterly |
| 2020-02-28 | $0.43 | 2020-03-02 | 2020-03-31 | Semi-Annual |
| 2019-11-29 | $0.40 | 2019-12-02 | 2019-12-27 | Quarterly |
| 2019-08-30 | $0.40 | 2019-09-03 | 2019-09-30 | Quarterly |
| 2019-05-31 | $0.40 | 2019-06-03 | 2019-06-28 | Quarterly |
| 2019-02-28 | $0.40 | 2019-03-01 | 2019-03-29 | Quarterly |
| 2018-11-30 | $0.35 | 2018-12-03 | 2018-12-28 | Quarterly |
| 2018-08-31 | $0.35 | 2018-09-04 | 2018-09-28 | Quarterly |
| 2018-05-31 | $0.35 | 2018-06-01 | 2018-06-29 | Quarterly |
| 2018-02-28 | $0.35 | 2018-03-01 | 2018-03-30 | Quarterly |
| 2012-12-13 | $2.00 | 2012-12-17 | 2012-12-21 | Monthly |
| 2012-10-31 | $2.50 | 2012-11-02 | 2012-11-16 | Irregular |
| 2012-02-14 | $2.00 | 2012-02-16 | 2012-02-29 | Special |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-01 | Schlosser Michael J | Other | 0 | — | — |
| 2026-09-01 | Schlosser Michael J | Other | 0 | — | — |
| 2026-09-01 | Schlosser Michael J | Other | 1.90K | $82.85 | 157.25K |
| 2026-09-01 | Schlosser Michael J | Other | 6.29K | $101.16 | 636.30K |
| 2026-09-01 | Schlosser Michael J | Other | 4.40K | $139.06 | 611.86K |
| 2026-09-01 | Schlosser Michael J | Other | 2.42K | $145.24 | 351.48K |
| 2026-09-01 | Schlosser Michael J | Other | 2.37K | $246.79 | 584.89K |
| 2026-09-01 | Schlosser Michael J | Other | 4.16K | $236.61 | 984.30K |
| 2026-09-01 | Schlosser Michael J | Other | 3.79K | $253.30 | 959.75K |
| 2026-09-01 | Schlosser Michael J | Other | 3.58K | $304.90 | 1.09M |
| 2026-09-01 | Schlosser Michael J | Other | 3.58K | $328.70 | 1.18M |
| 2026-09-01 | Schlosser Michael J | Other | 3.10K | $482.53 | 1.50M |
| 2026-09-01 | Schlosser Michael J | Other | 2.10K | $173.12 | 363.55K |
| 2026-09-01 | Schlosser Michael J | Other | 3.03K | $81.96 | 248.34K |
| 2026-08-26 | McAlevey Michael R | Sell | 7.77K | $429.00 | 3.33M |
| 2026-05-07 | Marks Mike A | Buy | 3.34K | — | — |
| 2026-05-07 | Marks Mike A | Sell | 3.34K | — | — |
| 2026-04-28 | Frist William R | Buy | 809 | — | — |
| 2026-04-28 | FRIST THOMAS F III | Buy | 1.04K | — | — |
| 2026-04-28 | Smith Andrea B | Buy | 509 | — | — |
| 2026-04-28 | Riley Wayne Joseph | Buy | 509 | — | — |
| 2026-04-28 | MICHELSON MICHAEL W | Buy | 925 | — | — |
| 2026-04-28 | Johnston Hugh F | Buy | 809 | — | — |
| 2026-04-28 | DEPARLE NANCY ANN | Buy | 509 | — | — |
| 2026-04-28 | CHIDSEY JOHN | Buy | 809 | — | — |
| 2026-02-18 | McAlevey Michael R | Sell | 1.69K | $533.37 | 903.54K |
| 2026-02-13 | McAlevey Michael R | Buy | 5.00K | $236.61 | 1.18M |
| 2026-02-13 | McAlevey Michael R | Sell | 3.31K | $540.29 | 1.79M |
| 2026-02-13 | McAlevey Michael R | Sell | 5.00K | $236.61 | 1.18M |
| 2026-02-11 | Wyatt Christopher F. | Sell | 4.00K | $505.00 | 2.02M |
| 2026-02-11 | Berres Jennifer | Sell | 4.01K | $503.00 | 2.02M |
| 2026-02-11 | Berres Jennifer | Sell | 4.01K | $526.16 | 2.11M |
| 2026-02-10 | Wyatt Christopher F. | Buy | 3.35K | — | — |
| 2026-02-10 | Wyatt Christopher F. | Sell | 1.03K | $502.05 | 519.12K |
| 2026-02-10 | Rossitto Erica | Buy | 1.68K | — | — |
| 2026-02-10 | Rossitto Erica | Sell | 418 | $502.05 | 209.86K |
| 2026-02-10 | McAlevey Michael R | Buy | 8.37K | — | — |
| 2026-02-10 | McAlevey Michael R | Sell | 3.01K | $502.05 | 1.51M |
| 2026-02-10 | Marks Mike A | Buy | 5.03K | — | — |
| 2026-02-10 | Marks Mike A | Sell | 1.69K | $502.05 | 848.46K |
| 2026-02-10 | HAZEN SAMUEL N | Buy | 54.93K | — | — |
| 2026-02-10 | HAZEN SAMUEL N | Sell | 21.32K | $502.05 | 10.71M |
| 2026-02-10 | Foster Jon M | Buy | 15.70K | — | — |
| 2026-02-10 | Foster Jon M | Sell | 5.89K | $502.05 | 2.96M |
| 2026-02-10 | Cuffe Michael S. | Buy | 9.63K | — | — |
| 2026-02-10 | Cuffe Michael S. | Sell | 3.50K | $502.05 | 1.76M |
| 2026-02-10 | Berres Jennifer | Buy | 7.12K | — | — |
| 2026-02-10 | Berres Jennifer | Sell | 2.52K | $502.05 | 1.26M |
| 2026-02-06 | FRIST THOMAS F JR | Buy | 36.56M | $0.01 | 365.57K |
| 2026-02-06 | FRIST THOMAS F JR | Sell | 36.63M | $0.01 | 366.29K |
| 2026-02-06 | Frist William R | Buy | 36.56M | $0.01 | 365.57K |
| 2026-02-06 | Frist William R | Sell | 36.63M | $0.01 | 366.29K |
| 2026-02-06 | FRIST THOMAS F III | Buy | 36.56M | $0.01 | 365.57K |
| 2026-02-06 | FRIST THOMAS F III | Sell | 36.63M | $0.01 | 366.29K |
| 2026-02-06 | Elcan Patricia F | Buy | 36.56M | $0.01 | 365.57K |
| 2026-02-06 | Elcan Patricia F | Sell | 36.63M | $0.01 | 366.29K |
| 2026-02-06 | HERCULES HOLDING II | Sell | 36.63M | — | — |
| 2026-02-06 | Frisco Holding II | Buy | 36.56M | $0.01 | 365.57K |
| 2026-02-06 | Frisco Holding II | Sell | 36.63M | $0.01 | 366.29K |
| 2026-02-05 | Wyatt Christopher F. | Buy | 10.67K | $139.06 | 1.48M |
| 2026-02-05 | Wyatt Christopher F. | Sell | 5.67K | $513.76 | 2.92M |
| 2026-02-05 | Wyatt Christopher F. | Sell | 10.67K | $139.06 | 1.48M |
| 2026-02-05 | Foster Jon M | Buy | 29.33K | $139.06 | 4.08M |
| 2026-02-05 | Foster Jon M | Sell | 16.08K | $513.76 | 8.26M |
| 2026-02-05 | Foster Jon M | Sell | 29.33K | $139.06 | 4.08M |
| 2026-02-04 | HAZEN SAMUEL N | Sell | 1.04K | $498.35 | 520.78K |
| 2026-02-04 | HAZEN SAMUEL N | Buy | 1.04K | $498.35 | 520.78K |
| 2026-02-03 | HAZEN SAMUEL N | Sell | 14.72K | $502.95 | 7.40M |
| 2026-02-03 | HAZEN SAMUEL N | Sell | 5.00K | $502.15 | 2.51M |
| 2026-02-03 | HAZEN SAMUEL N | Sell | 7.39K | $500.69 | 3.70M |
| 2026-02-03 | HAZEN SAMUEL N | Sell | 6.19K | $500.02 | 3.09M |
| 2026-02-03 | HAZEN SAMUEL N | Sell | 5.16K | $498.80 | 2.57M |
| 2026-02-03 | HAZEN SAMUEL N | Sell | 4.29K | $498.12 | 2.14M |
| 2026-02-03 | HAZEN SAMUEL N | Sell | 120 | $497.18 | 59.66K |
| 2026-02-03 | Cuffe Michael S. | Sell | 1.50K | $498.09 | 747.14K |
| 2026-02-03 | Cuffe Michael S. | Sell | 4.05K | — | — |
| 2026-02-01 | Rossitto Erica | Other | 0 | — | — |
| 2026-02-01 | Rossitto Erica | Other | 5.04K | $101.16 | 509.85K |
| 2026-02-01 | Rossitto Erica | Other | 1.26K | $253.30 | 319.92K |
| 2026-02-01 | Rossitto Erica | Other | 1.86K | $304.90 | 566.81K |
| 2026-02-01 | Rossitto Erica | Other | 3.23K | $139.06 | 449.16K |
| 2026-02-01 | Rossitto Erica | Other | 323 | — | — |
| 2026-02-01 | Rossitto Erica | Other | 2.23K | $328.70 | 734.64K |
| 2026-02-01 | Rossitto Erica | Other | 8.08K | $81.96 | 662.24K |
| 2026-02-01 | Rossitto Erica | Other | 1.67K | $145.24 | 242.55K |
| 2026-02-01 | Rossitto Erica | Other | 960 | $130.56 | 125.34K |
| 2026-02-01 | Rossitto Erica | Other | 2.56K | $482.53 | 1.24M |
| 2026-02-01 | Rossitto Erica | Other | 1.84K | $173.12 | 318.54K |
| 2026-02-01 | Rossitto Erica | Other | 1.39K | $236.61 | 328.89K |
| 2026-01-30 | HAZEN SAMUEL N | Buy | 84.36K | $81.96 | 6.91M |
| 2026-01-30 | HAZEN SAMUEL N | Sell | 41.48K | $488.27 | 20.25M |
| 2026-01-30 | HAZEN SAMUEL N | Sell | 84.36K | $81.96 | 6.91M |
| 2026-01-29 | Wyatt Christopher F. | Buy | 2.56K | $482.53 | 1.24M |
| 2026-01-29 | McAlevey Michael R | Buy | 8.07K | $482.53 | 3.89M |
| 2026-01-29 | Marks Mike A | Buy | 11.95K | $482.53 | 5.76M |
| 2026-01-29 | HAZEN SAMUEL N | Buy | 55.85K | $482.53 | 26.95M |
| 2026-01-29 | Foster Jon M | Buy | 11.95K | $482.53 | 5.76M |
| 2026-01-29 | Cuffe Michael S. | Buy | 8.07K | $482.53 | 3.89M |
| 2026-01-29 | Berres Jennifer | Buy | 6.21K | $482.53 | 2.99M |
| 2025-11-14 | HAZEN SAMUEL N | Sell | 14.83K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 1.40K, holders -83 vs prior quarter. Ownership 58.45%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 13.00M | -359.67K | -2.69% | 5.07B |
| VANGUARD CAPITAL MANAGEMENT LLC | 10.14M | -36.65K | -0.36% | 3.95B |
| SANDERS CAPITAL, LLC | 8.83M | -128.86K | -1.44% | 3.44B |
| STATE STREET CORP | 7.47M | -70.52K | -0.94% | 2.91B |
| WELLINGTON MANAGEMENT GROUP LLP | 4.71M | 799.76K | +20.47% | 1.84B |
| GEODE CAPITAL MANAGEMENT, LLC | 3.67M | -24.50K | -0.66% | 1.42B |
| FIRST EAGLE INVESTMENT MANAGEMENT, LLC | 3.30M | 40.99K | +1.26% | 1.28B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.71M | -44.95K | -1.63% | 1.06B |
| MORGAN STANLEY | 2.59M | 291.89K | +12.72% | 1.01B |
| GOLDMAN SACHS GROUP INC | 2.46M | 328.24K | +15.37% | 960.81M |
| JPMORGAN CHASE & CO | 2.29M | -176.14K | -7.15% | 896.80M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 2.21M | 44.23K | +2.04% | 861.46M |
| NORGES BANK | 2.15M | 2.15M | New | 836.46M |
| CAPITAL WORLD INVESTORS | 1.98M | 4.69K | +0.24% | 770.86M |
| CAPITAL INTERNATIONAL INVESTORS | 1.92M | -1.12M | -36.81% | 747.40M |
| NORTHERN TRUST CORP | 1.71M | -43.57K | -2.49% | 666.15M |
| FMR LLC | 1.63M | -2.77M | -62.91% | 636.50M |
| INVESCO LTD. | 1.53M | 91.11K | +6.33% | 596.39M |
| NORDEA INVESTMENT MANAGEMENT AB | 1.43M | -17.61K | -1.22% | 553.70M |
| BARCLAYS PLC | 1.32M | 70.90K | +5.68% | 514.35M |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 1.24M | -255.42K | -17.03% | 485.25M |
| CRAKE ASSET MANAGEMENT LLP | 1.15M | 1.15M | New | 449.07M |
| METROPOLIS CAPITAL LTD | 910.56K | 602.26K | +195.35% | 430.92M |
| DARSANA CAPITAL PARTNERS LP | 1.10M | 350.00K | +46.67% | 428.88M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 1.06M | 1.06M | New | 414.57M |
Earnings and financials
HCA Healthcare, Inc. (HCA) trades at $459.42, with a market cap of $99.47B and a trailing P/E of 15.53. Revenue below is the annual history on file. It describes what the business has already reported. It is not a forecast and it is not a recommendation.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 41490000000 | 43614000000 | 46677000000 | 51336000000 | 51533000000 | 58752000000 | 60233000000 | 64968000000 | 70603000000 | 75600000000 |
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