Skip to main content
HCA logo

HCA · HCA Healthcare, Inc. · Financials

Track HCA — free
$449.96 -15.30 (-3.29%) At close · Oct 27 Q3 2026 earnings call transcript
Market Cap
$103.21B
Shares
221.84M
Volume · Oct 27 2.91M Avg daily vol (3M) 1.34M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$75.6B +7.1%
FY2025 Revenue FY2016–FY2025
Net Income
$6.78B +17.8%
FY2025 Net Income FY2009–FY2025
Diluted EPS
$28.33 +28.8%
FY2025 Diluted EPS FY2009–FY2025
Operating Cash Flow
$12.64B +20.2%
FY2025 Operating Cash Flow FY2009–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item FY2026 (G) TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
$77B – $79.5B $78.01B $75.6BG $70.6BG $64.97BG $60.23BG $58.75BG $51.53B $51.34B $46.68B $43.61B $41.49B — — — — — — —
— $573M $548M $421M $353M $307M $337M $416M $370M $344M $340M $343M $327M $285M $287M $248M $228M $182M $164M
— — $12M $16M $20M $44M $25M $26M — — — — — — — — — — —
— $3.67B $3.52B $3.31B $3.08B $2.97B $2.85B $2.72B $2.6B $2.28B $2.13B $1.97B $1.9B $1.82B $1.75B $1.68B $1.47B $1.42B $1.43B
— $68.14B $65.77B $62.08B $57.26B $51.65B $48.92B $46.1B $46.09B $41.34B $39.23B $36.68B — — — — — — —
— $2.32B $2.25B $2.06B $1.94B $1.74B $1.57B $1.58B $1.82B $1.76B $1.69B $1.71B $1.67B $1.74B $1.85B $1.8B $2.04B $2.1B $1.99B
— $66M $78M $23M $22M $45M $113M $54M $43M $29M $45M $54M $46M $43M $29M $36M $258M $282M $246M
— $9.87B $9.83B $8.52B $7.71B $8.58B $9.83B $5.43B $5.24B $5.34B $4.38B $4.81B $3.96B $3.48B $2.95B — — — —
— $2.02B $2.05B $1.87B $1.62B $1.75B $2.11B $1.04B $1.1B $946M $1.64B $1.38B $1.26B $1.11B $950M $888M $719M $658M $627M
— $6.84B $6.78B $5.76B $5.24B $5.64B $6.96B $3.75B $3.51B $3.79B $2.22B $2.89B $2.13B $1.88B $1.56B $1.61B $2.47B $1.21B $1.05B
— — 8.97% 8.16% 8.07% 9.37% 11.84% 7.28% 6.83% 8.11% 5.08% 6.97% — — — — — — —
— $1.01B $998M $897M $849M $1.19B $765M $633M $640M $602M $527M $542M $567M $498M $440M $401M $377M $366M $321M
— $7.1B $6.87B $5.8B $5.31B $5.56B $7.05B $3.71B $3.43B $3.78B $2.28B $2.82B $2.19B $1.81B $1.76B $1.59B $2.45B $1.23B $1.21B
USD/shares — $30.22 $28.70 $22.27 $19.25 $19.43 $21.52 $11.10 $10.27 $10.90 $6.12 $7.53 $5.14 $4.30 $3.50 $3.65 $5.17 $2.83 $2.48
USD/shares $28.70 – $30.50 $29.82 $28.33G $22.00G $18.97G $19.15G $21.16G $10.93 $10.07 $10.66 $5.95 $7.30 $4.99 $4.16 $3.37 $3.49 $4.97 $2.76 $2.44
shares — — 236.41M 258.6M 272.4M 290.35M 323.32M 338.27M 341.21M 347.3M 362.31M 383.59M 414.19M 435.67M 445.07M 440.18M 476.61M 426.42M 425.57M
shares — — 239.5M 261.81M 276.41M 294.67M 328.75M 343.61M 348.23M 355.3M 372.22M 395.85M 426.72M 450.35M 461.91M 459.4M 495.94M 437.35M 432.23M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $49.09B in buybacks, $11.96B in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Current debt and lease obligations 2026-06-30 USD 6,264,000,000 10-Q filed 2026-07-28
Long-term debt, including current maturities 2026-06-30 USD 45,828,000,000 10-Q filed 2026-07-28
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Noncurrent debt carrying amount
USD 43,454,000,000
Noncurrent operating lease liabilities 2026-06-30 USD 1,834,000,000 10-Q filed 2026-07-28
1 filing observation remains unmatched and is excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

4.700% Senior Notes due 2031

Note · HCA Inc.

Reference: 4.700% Senior Notes due 2031

Active
Original principal
USD 1,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 15, 2031

Last reported interest terms: 4.7% Reported 2026-04-30 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-30 Original principal USD 1,000,000,000 Exact source document Parent 8-K filing · 2026-04-30
    On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Issuer evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Supporting evidence: The 2031 Notes will mature on May 15, 2031, the 2033 Notes will mature on May 15, 2033 and the 2036 Notes will mature on May 15, 2036. Interest on the 2031 Notes, the 2033 Notes and the 2036 Notes will be payable semi-annually, on May 15 and November 15 of each year, commencing on November 15, 2026, to holders of record on the preceding May 1 or November 1, as the case may be, provided that for so long as the Notes of a series are held by The Depository Trust Company, the record date for the Notes of such series will be the close of business on the business day preceding the applicable interest payment date.
    Supporting evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Supporting evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.

5.000% Senior Notes due 2033

Note · HCA Inc.

Reference: 5.000% Senior Notes due 2033

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 15, 2033

Last reported interest terms: 5% Reported 2026-04-30 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-30 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2026-04-30
    On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Issuer evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Supporting evidence: The 2031 Notes will mature on May 15, 2031, the 2033 Notes will mature on May 15, 2033 and the 2036 Notes will mature on May 15, 2036. Interest on the 2031 Notes, the 2033 Notes and the 2036 Notes will be payable semi-annually, on May 15 and November 15 of each year, commencing on November 15, 2026, to holders of record on the preceding May 1 or November 1, as the case may be, provided that for so long as the Notes of a series are held by The Depository Trust Company, the record date for the Notes of such series will be the close of business on the business day preceding the applicable interest payment date.
    Supporting evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Supporting evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.

5.300% Senior Notes due 2036

Note · HCA Inc.

Reference: 5.300% Senior Notes due 2036

Active
Original principal
USD 1,250,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
May 15, 2036

Last reported interest terms: 5.3% Reported 2026-04-30 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-04-30 Original principal USD 1,250,000,000 Exact source document Parent 8-K filing · 2026-04-30
    On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Issuer evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Supporting evidence: The 2031 Notes will mature on May 15, 2031, the 2033 Notes will mature on May 15, 2033 and the 2036 Notes will mature on May 15, 2036. Interest on the 2031 Notes, the 2033 Notes and the 2036 Notes will be payable semi-annually, on May 15 and November 15 of each year, commencing on November 15, 2026, to holders of record on the preceding May 1 or November 1, as the case may be, provided that for so long as the Notes of a series are held by The Depository Trust Company, the record date for the Notes of such series will be the close of business on the business day preceding the applicable interest payment date.
    Supporting evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.
    Supporting evidence: On April 30, 2026, HCA Inc. (the “Issuer”), a direct, wholly owned subsidiary of HCA Healthcare, Inc. (the “Parent Guarantor”), completed the public offering of (i) $1,000,000,000 aggregate principal amount of its 4.700% Senior Notes due 2031 (the “2031 Notes”), (ii) $750,000,000 aggregate principal amount of its 5.000% Senior Notes due 2033 (the “2033 Notes”) and (iii) $1,250,000,000 aggregate principal amount of its 5.300% Senior Notes due 2036 (the “2036 Notes” and, together with the 2031 Notes and the 2033 Notes, the “Notes”), each guaranteed on a senior unsecured basis by the Parent Guarantor. The Notes have been registered under the Securities Act of 1933, as amended (the “Securities Act”), pursuant to the Issuer’s and the Parent Guarantor’s shelf registration statement on Form S-3, filed on April 27, 2026 (File No. 333-295336) (the “Registration Statement”), as supplemented by the prospectus supplement dated April 27, 2026, previously filed with the Securities and Exchange Commission under the Securities Act.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
1.95×
Peer median 1.55×
EV/EBIT
—
P/E (TTM)
15.60×
Peer median 14.95×

Peer medians compare against the 3 similar-size Medical Care Facilities companies (of 57 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
American Group $26,445,000,000 $24,668,000,000 $22,318,000,000 $20,858,000,000 $19,636,000,000 $23,593,000,000 $23,173,000,000 $21,959,000,000
Atlantic Group $24,709,000,000 $23,380,000,000 $21,167,000,000 $19,324,000,000 $19,098,000,000 — — —
National Group $21,278,000,000 $19,656,000,000 $18,105,000,000 $16,767,000,000 $16,329,000,000 $25,694,000,000 $25,913,000,000 $22,581,000,000
Corporate And Other $3,168,000,000 $2,899,000,000 $3,378,000,000 $3,284,000,000 $3,689,000,000 $2,246,000,000 $2,250,000,000 $2,137,000,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Product And Service Other $2,458,000,000 $2,542,000,000 $3,074,000,000 $3,514,000,000 $2,836,000,000 $1,875,000,000 $2,358,000,000 $1,965,000,000
Key facts CIK 860730 CUSIP 40412C101 13F (30d) 410 filings 392 filers Visit website Investor relations