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DAVITA INC. DVA

NYSE · stock · Services-Misc Health & Allied Services, NEC · website · IPO 1995-10-31 · LEI

DAVITA INC. statistics & valuation

Market cap$13.9B
P / E18.7×
P / S1.0×
P / FCF10.6×
Net margin5.5%
FCF margin9.6%
Return on capital14.3%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
8.20% 6.10% 1.40% 7.10% 6.70% 8.40% 4.80% 5.70% 7.30% 5.50% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
19.00% 16.70% 13.40% 14.40% 14.70% 15.50% 11.50% 13.20% 16.30% 15.00% 2016201720182019202020212022202320242025
Return on equity (%)
18.10% 13.60% 4.10% 35.00% 49.40% 104.50% 64.00% 55.60% 236.50% 2016201720182019202020212022202320242025
Shares outstanding
204.9M 191.3M 172.4M 153.8M 122.6M 109.9M 95.8M 93.2M 87.3M 75.9M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.70% 3.50% 0.80% 4.70% 4.60% 5.70% 3.30% 4.10% 5.40% 4.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
10.70% 9.30% 6.90% 11.50% 11.30% 11.10% 8.30% 12.30% 11.40% 9.60% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$4.29 $3.47 $0.92 $5.27 $6.31 $8.90 $5.85 $7.42 $10.73 $9.84 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DAVITA INC. trades at about 18.4× earnings — above its 10-year norm (10-year range 11.1×–61×, median 15.2×).

11.1× 61×

Shaded band = 10-year range (11.1×–61×); dot = today's 18.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin15.0%16.3%13.2%11.5%15.5%14.7%14.4%13.4%16.7%19.0%
Net margin5.5%7.3%5.7%4.8%8.4%6.7%7.1%1.4%6.1%8.2%
FCF margin9.6%11.4%12.3%8.3%11.1%11.3%11.5%6.9%9.3%10.7%
Return on assets4.3%5.4%4.1%3.3%5.7%4.6%4.7%0.8%3.5%4.7%
Return on equity-114.7%236.5%55.6%64.0%104.5%49.4%35.0%4.1%13.6%18.1%
Current ratio1.291.261.191.201.321.271.561.722.861.47

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.