Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Hca Healthcare, Inc.

HCA · NYSE · Healthcare

Fundamental quality

REASONABLE

66

out of 100

Hca Healthcare, Inc. earns a fundamental-quality score of 66 out of 100, profiling it as a company of reasonable quality. Its score rests mainly on its growth (revenue +7.8%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

HCA Healthcare is the largest private hospital network in the U.S.: over 180 hospitals plus thousands of outpatient centers. It makes money on patient volumes and cost management the public sector can't replicate.

What will shape its future

  • Procedure volumes and payer mix (private insurers pay more than Medicare).
  • Healthcare labor costs (nursing), its biggest line item and biggest risk.
  • Demographics: aging fills hospitals structurally.

Breakdown by area

I.Growth
71

EPS growth: 20.5% · Revenue growth: 7.8%

II.Profitability
61

Net margin: 8.9% · ROIC: 23.6%

III.Financial health
64

Net debt/EBITDA: 3x · FCF: 10.4%

Source: SEC EDGAR · TTM through 31/03/2026

The score includes +1 for dividend strength: 5 consecutive years of increases. Keeping that streak demands growing cash generation and balance-sheet discipline.

The score combines growth, profitability and financial strength, and here its pillars hold up evenly.

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 43%
Growthbeats 47%
Cash generationbeats 35%
Less debtbeats 25%

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

Hca Healthcare, Inc. strengths

  • Growing earnings per share (20.5% annualized).
  • Revenue rising without interruption since 2020.
  • Positive free cash flow year after year, a self-funding business.
  • Solid net margin (8.9%): the business is clearly profitable.

Hca Healthcare, Inc. risks and weaknesses

  • Its net debt has grown over the period.

Hca Healthcare, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
202051,5333,7546,39729,211
202158,7526,9565,38233,128
202260,2335,6434,12737,176
202364,9685,2424,68738,658
202470,6035,7605,63941,098
202575,6006,7847,69245,452

Between 2020 and 2025, revenue went from $51,533M to $75,600M (+47%) and net income went from $3,754M to $6,784M (+81%).

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 quarter ended March 31, 2026, versus the quarter ended March 31, 2025 (SEC filings):

  • Revenue+4.3%
  • Net income+0.6%

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

$2.88

per share, yearly

10% of earnings

Payout

at least 5 straight years raising it

Growth

That is what we can verify in the SEC filings, whose structured data only starts in 2008 and which many companies begin tagging later. The real streak may be considerably longer.

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Hca Healthcare, 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).

Compute the valuation →

Frequently asked questions

Is Hca Healthcare, Inc. a good company to invest in?

In terms of business quality, Hca Healthcare, Inc. scores 66 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 Hca Healthcare, Inc. a profitable company?

Hca Healthcare, Inc. is profitable, with a net margin of 8.9%, though a thin one.

Does Hca Healthcare, Inc. have a lot of debt?

A moderate level: its net debt is 3 times its EBITDA.

Is Hca Healthcare, Inc. growing?

Its revenue has grown 7.8% annualized in recent years and its earnings per share 20.5%, and without interruption since 2020.

Does Hca Healthcare, Inc. generate cash?

Yes. It converts about 10.4% 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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