Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Davita Inc.

DVA · NYSE · Healthcare

Fundamental quality

REASONABLE

55

out of 100

Davita Inc. earns a fundamental-quality score of 55 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its financial strength (net debt 3.53× EBITDA). Its weakest area is its profitability (net margin 6%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

DaVita is one of America's two big dialysis networks: thousands of clinics where hundreds of thousands of kidney patients get treated three times a week, for life. A duopoly of inelastic demand and captive customers, with Berkshire Hathaway as a longtime shareholder.

What will shape its future

  • Insurer and government rates: the payer mix decides its margin.
  • Weight-loss and kidney drugs, the debate over how many patients will reach dialysis.
  • Nursing labor costs, its constant operating pressure.

Breakdown by area

I.Growth
54

EPS growth: 12.6% · Revenue growth: 3.6%

II.Profitability
50

Net margin: 6% · ROIC: 18.3%

III.Financial health
61

Net debt/EBITDA: 3.53x · FCF: 11.5%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 39%
Growthbeats 14%
Cash generationbeats 39%
Less debtbeats 20%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Davita Inc. strengths

  • Growing earnings per share (12.6% annualized).
  • Positive free cash flow year after year, a self-funding business.

Davita Inc. risks and weaknesses

  • High leverage (net debt of 3.53× EBITDA): more exposed to rates and to a rough patch.

Davita Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202011,5517741,3047,592
202111,6199781,2898,267
202211,6105609618,449
202312,1406921,4917,888
202412,8169361,4678,381
202513,6437471,3119,488

Between 2020 and 2025, revenue went from $11,551M to $13,643M (+18%) and net income went from $774M to $747M (-3%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+5.6%
  • Net income+27.8%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score5355

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is Davita Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Davita Inc. a good company to invest in?

In terms of business quality, Davita Inc. scores 55 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Davita Inc. a profitable company?

Davita Inc. is profitable, with a net margin of 6%, though a thin one.

Does Davita Inc. have a lot of debt?

Yes, its leverage is high: net debt is 3.53 times its EBITDA.

Is Davita Inc. growing?

Its revenue has grown 3.6% annualized in recent years and its earnings per share 12.6%.

Does Davita Inc. generate cash?

Yes. It converts about 11.5% of its revenue into free cash flow, and has done so positively year after year.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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