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NYSE · Health careHCA Healthcare, Inc. (HCA)
HCA Healthcare, Inc. brought in $76.4B of revenue over the twelve months to March 31, 2026, up 6.7% from a year earlier. Net income was $6.8B, a net margin of 8.9%. Operating cash flow minus capital spending left $7.7B of free cash flow in fiscal 2025. At March 31, 2026 it held $940M in cash against $44.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 28, 2026.
Key facts about HCA Healthcare, Inc.
- Net worth
- HCA Healthcare, Inc. has a market value (market cap) of $101.9B at the latest share price, and shareholders' equity of -$6.3B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $75.6B (+7.1% year on year), with net income of $6.8B. Over the 12 months to March 31, 2026: revenue $76.4B, net income $6.8B.
- Cash flow
- In fiscal 2025 operations brought in $12.6B of cash; after $4.9B of capital spending, free cash flow was $7.7B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 28, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- HCA Healthcare, Inc.'s next report is expected around October 23, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- HCA Healthcare, Inc. declared dividends of $2.88 per share in fiscal 2025, a yield of 0.61% at the current price.
What HCA Healthcare, Inc. does
HCA Healthcare operates general acute care hospitals, freestanding surgery centers, emergency rooms, and diagnostic clinics. It provides inpatient medical and surgical treatments, outpatient procedures, and emergency care services directly to patients across regional healthcare markets. Its shares trade on NYSE under the ticker HCA.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $75.6B | $6.8B | $28.33 | $7.7B |
| 2024 | $70.6B | $5.8B | $22.00 | $5.6B |
| 2023 | $65B | $5.2B | $18.97 | $4.7B |
| 2022 | $60.2B | $5.6B | $19.15 | $4.1B |
| 2021 | $58.8B | $7B | $21.16 | $5.4B |
| 2020 | $51.5B | $3.8B | $10.93 | $6.4B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HCA ranks in Health care
Dividends
HCA Healthcare, Inc. declared $2.88 per share in fiscal 2025. At the current price that is a yield of 0.61%. It paid out $679M in cash dividends, 10% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.88 | $679M | 10% |
| 2024 | $2.64 | $690M | 12% |
| 2023 | $2.40 | $661M | 13% |
| 2022 | $2.24 | $653M | 12% |
| 2021 | $1.92 | $624M | 9% |
| 2020 | $0.43 | $153M | 4% |
Latest SEC filings
What HCA Healthcare, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- July 29, 2026New debt 8-K
- July 28, 2026Quarterly report 10-Q · period to June 30, 2026
- July 24, 2026
- July 14, 2026
- June 18, 2026
- April 30, 2026
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
- April 29, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 4.3% to $19.1B versus the same quarter last year; diluted EPS $7.15 versus $6.45.
- April 28, 2026
- April 27, 2026Other event 8-K
What is HCA worth? A DCF from its reported cash flow
Insider trades
What the people running HCA Healthcare, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 1 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 26, 2026 | McAlevey Michael REVP & Chief Legal & Admin Off. | Other changeindirect | 7,769 | $3.3M |
| May 7, 2026 | Marks Mike AEVP and CFO | Gave as a gift | 3,336 | - |
| May 7, 2026 | Marks Mike AEVP and CFO | Gave as a giftindirect | 3,336 | - |
| April 28, 2026 | Frist Thomas F IIIDirector, 10% owner | Received as pay | 1,041 | - |
| April 28, 2026 | Frist William RDirector, 10% owner | Received as pay | 809 | - |
| April 28, 2026 | Chidsey JohnDirector | Received as pay | 809 | - |
| April 28, 2026 | Deparle Nancy AnnDirector | Received as pay | 509 | - |
| April 28, 2026 | Johnston Hugh FDirector | Received as pay | 809 | - |
Who owns HCA
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Thomas F. Frist, Jr.13D, may seek influence with 5 related filers | 31.6% | February 10, 2026 |
| Vanguard Capital Management13G, passive | 5.25% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,337 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 13,003,600 | -359,666 |
| Vanguard Capital Management LLC | 10,141,708 | -36,654 |
| Sanders Capital, LLC | 8,828,287 | -128,858 |
| State Street Corp | 7,469,035 | -70,515 |
| First Eagle Investment Management, LLC | 6,591,130 | +3,336,560 |
| Wellington Management Group Llp | 4,707,473 | +799,761 |
| Geode Capital Management, LLC | 3,668,008 | -24,505 |
| Vanguard Portfolio Management LLC | 2,712,828 | -44,951 |
| Morgan Stanley | 2,586,771 | +291,891 |
| Goldman Sachs Group Inc | 2,464,314 | +328,242 |
| Jpmorgan Chase & Co | 2,285,832 | -176,143 |
| Arrowstreet Capital, Limited Partnership | 2,209,485 | +44,227 |
| Norges Bank | 2,145,367 | new |
| Capital World Investors | 1,977,121 | +4,692 |
| Capital International Investors | 1,916,947 | -1,116,665 |
| Northern Trust Corp | 1,708,560 | -43,567 |
| Fmr LLC | 1,632,520 | -2,768,503 |
| Invesco Ltd. | 1,529,637 | +91,112 |
| Nordea Investment Management AB | 1,429,943 | -17,606 |
| Barclays PLC | 1,319,216 | +70,901 |
Insiders
20 insiders reported holding 215,416,369 shares in total, about $101.34B at the last price.
| Holder | Shares |
|---|---|
| Frist Thomas F IIIDirector, 10% owner | 36,572,99936,557,141 held indirectly |
| Frist William RDirector, 10% owner | 36,570,88136,557,141 held indirectly |
| Frist Thomas F Jr10% owner | 36,557,14136,557,141 held indirectly |
| Frisco Holding II10% owner | 36,557,141 |
| Elcan Patricia F10% owner | 36,557,14136,557,141 held indirectly |
| Hercules Holding II10% owner | 32,282,889 |
| Hazen Samuel NCEO, Director | 80,86616,024 held indirectly |
| Marks Mike AEVP and CFO | 46,57646,576 held indirectly |
| Wyatt Christopher F.SVP & Controller | 44,379 |
| Cuffe Michael S.EVP and Chief Clinical Officer | 32,080 |
Questions about HCA
What does HCA Healthcare, Inc. do?
HCA Healthcare operates general acute care hospitals, freestanding surgery centers, emergency rooms, and diagnostic clinics. It provides inpatient medical and surgical treatments, outpatient procedures, and emergency care services directly to patients across regional healthcare markets. Its shares trade on NYSE under the ticker HCA.
What is HCA Healthcare, Inc.'s net worth?
HCA Healthcare, Inc. has a market value (market cap) of $101.9B at the latest share price, and shareholders' equity of -$6.3B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is HCA Healthcare, Inc. profitable?
Yes. Over the twelve months to March 31, 2026 it reported net income of $6.8B on revenue of $76.4B, a net margin of 8.9%.
How much revenue does HCA Healthcare, Inc. make?
Over the twelve months to March 31, 2026 HCA Healthcare, Inc. reported revenue of $76.4B. That is 6.7% more than a year earlier.
When did HCA Healthcare, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 28, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the new insider holdings from September 11, 2026.
When is HCA Healthcare, Inc.'s next earnings report?
HCA Healthcare, Inc.'s next report is expected around October 23, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does HCA Healthcare, Inc. pay a dividend?
Yes. HCA Healthcare, Inc. declared dividends of $2.88 per share in fiscal 2025, a yield of 0.61% at the current price.
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Where the numbers come from
Financial figures are the values HCA Healthcare, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.