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HCA Healthcare, Inc. HCA

NYSE · stock · Services-General Medical & Surgical Hospitals, NEC · website · IPO 2010-12-28 · LEI

HCA Healthcare, Inc. statistics & valuation

Market cap$86.9B
P / E12.8×
P / S1.1×
P / FCF11.3×
Dividend yield0.78%
Net margin9.0%
FCF margin10.2%
Net debt$43.2B
Enterprise value USD$130.1B

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 (%)
7.00% 5.10% 8.10% 6.80% 7.30% 11.80% 9.40% 8.10% 8.20% 9.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
129.80% 467.20% 2016201720182019202020212022202320242025
Shares outstanding
395.9M 372.2M 355.3M 348.2M 343.6M 328.8M 294.7M 276.4M 261.8M 239.5M 2016201720182019202020212022202320242025
Net debt ($)
$30.73B $32.33B $32.32B $33.10B $29.21B $33.13B $37.18B $38.66B $41.10B $43.24B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
8.60% 6.10% 9.70% 7.80% 7.90% 13.70% 10.80% 9.30% 9.70% 11.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
7.00% 5.50% 6.80% 6.70% 12.40% 9.20% 6.90% 7.20% 8.00% 10.20% 2016201720182019202020212022202320242025
Debt / equity (×)
10.72× 23.22× 2016201720182019202020212022202320242025
EPS ($)
$7.30 $5.95 $10.66 $10.07 $10.93 $21.16 $19.15 $18.97 $22.00 $28.33 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

HCA Healthcare, Inc. trades at about 14.6× earnings — near its 10-year norm (10-year range 11×–17.2×, median 14.9×).

11× 17.2×

Shaded band = 10-year range (11×–17.2×); dot = today's 14.6×.

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
Net margin9.0%8.2%8.1%9.4%11.8%7.3%6.8%8.1%5.1%7.0%
FCF margin10.2%8.0%7.2%6.9%9.2%12.4%6.7%6.8%5.5%7.0%
Return on assets11.2%9.7%9.3%10.8%13.7%7.9%7.8%9.7%6.1%8.6%
Return on equity-112.6%-230.5%-295.5%-203.9%467.2%129.8%-124.8%-76.5%-32.6%-39.6%
Debt / equity-7.35×-17.22×-22.32×-13.76×23.22×10.72×-12.01×-6.63×-4.86×-4.30×
Current ratio0.971.081.181.381.411.421.441.351.621.56

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