financial statements

The full income statement, balance sheet, and cash-flow statement for HCA Healthcare Inc. (HCA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

See the live HCA chart & snapshot →

PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	75.6B YoY+7.1%	70.6B YoY+8.7%	65.0B YoY+7.9%	60.2B YoY+2.5%	58.8B YoY+14.0%
Selling, general & administrative	548M YoY+30.2%	421M YoY+19.3%	353M YoY+15.0%	307M YoY-8.9%	337M YoY-19.0%
General & administrative	548M YoY+30.2%	421M YoY+19.3%	353M YoY+15.0%	307M YoY-8.9%	337M YoY-19.0%
Amortization of intangibles	12.0M YoY-25.0%	16.0M YoY-20.0%	20.0M YoY-54.5%	44.0M YoY+76.0%	25.0M YoY-3.8%
Interest expense	2.25B YoY+9.1%	2.06B YoY+6.3%	1.94B YoY+11.3%	1.74B YoY+11.2%	1.57B YoY-1.1%
Equity-method income	78.0M YoY+239.1%	23.0M YoY+4.5%	22.0M YoY-51.1%	45.0M YoY-60.2%	113M YoY+109.3%
Pre-tax income	9.83B YoY+15.4%	8.52B YoY+10.6%	7.71B YoY-10.2%	8.58B YoY-12.7%	9.83B YoY+81.1%
Income tax	2.05B YoY+9.9%	1.87B YoY+15.5%	1.61B YoY-7.5%	1.75B YoY-17.3%	2.11B YoY+102.5%
	6.78B YoY+17.8%	5.76B YoY+9.9%	5.24B YoY-7.1%	5.64B YoY-18.9%	6.96B YoY+85.3%
Net income to non-controlling interest	998M YoY+11.3%	897M YoY+5.7%	849M YoY-28.7%	1.19B YoY+55.7%	765M YoY+20.9%
	$28.33 YoY+28.8%	$22.00 YoY+16.0%	$18.97 YoY-0.9%	$19.15 YoY-9.5%	$21.16 YoY+93.6%
EPS (basic)	$28.70 YoY+28.9%	$22.27 YoY+15.7%	$19.25 YoY-0.9%	$19.43 YoY-9.7%	$21.52 YoY+93.9%
Weighted-avg shares (basic)	236M YoY-8.6%	259M YoY-5.1%	272M YoY-6.2%	290M YoY-10.2%	323M YoY-4.4%
Weighted-avg shares (diluted)	239M YoY-8.5%	262M YoY-5.3%	276M YoY-6.2%	295M YoY-10.4%	329M YoY-4.3%
Dividends per share	$2.88 YoY+9.1%	$2.64 YoY+10.0%	$2.40 YoY+7.1%	$2.24 YoY+16.7%	$1.92 YoY+346.5%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	15.8B YoY-3.8%	16.4B YoY+10.0%	14.9B YoY+9.4%	13.6B YoY+0.7%	13.5B YoY+9.8%
Cash & equivalents	1.04B YoY-46.2%	1.93B YoY+106.7%	935M YoY+3.0%	908M YoY-37.4%	1.45B YoY-19.1%
Short-term investments	112M YoY+0.0%	112M YoY+0.0%	112M YoY+0.0%	112M YoY+0.0%	112M YoY-3.4%
Accounts receivable	10.9B YoY+1.1%	10.8B YoY+8.0%	9.96B YoY+12.0%	8.89B YoY+9.8%	8.10B YoY+14.8%
Inventory	1.65B YoY-4.9%	1.74B YoY-14.0%	2.02B YoY-2.3%	2.07B YoY+4.1%	1.99B YoY-1.9%
Other current assets	2.22B YoY+11.6%	1.99B YoY-1.0%	2.01B YoY+13.3%	1.78B YoY-11.6%	2.01B YoY+37.3%
	60.7B YoY+2.0%	59.5B YoY+5.9%	56.2B YoY+7.2%	52.4B YoY+3.3%	50.7B YoY+6.8%
Property, plant & equipment	31.1B YoY+5.9%	29.4B YoY+6.1%	27.7B YoY+8.4%	25.6B YoY+6.3%	24.1B YoY+3.7%
Operating lease right-of-use	2.13B YoY-0.0%	2.13B YoY-3.4%	2.21B YoY+6.9%	2.06B YoY-2.3%	2.11B YoY+4.4%
Goodwill	2.70B YoY+0.0%	2.70B YoY+0.0%	2.70B YoY+0.0%	2.70B YoY+0.0%	2.70B YoY+0.0%
Long-term investments	485M YoY-14.8%	569M YoY+19.3%	477M YoY+25.2%	381M	—
Other non-current assets	255M YoY+10.9%	230M YoY+25.0%	184M YoY-38.3%	298M YoY-50.2%	598M YoY+9.5%
	16.4B YoY+7.7%	15.2B YoY+19.9%	12.7B YoY+27.8%	9.90B YoY+3.3%	9.58B YoY+10.1%
Accounts payable	4.66B YoY+9.0%	4.28B YoY+1.0%	4.23B YoY-0.1%	4.24B YoY+3.1%	4.11B YoY+16.3%
Deferred revenue	5.00B YoY+0.0%	5.00B YoY+0.0%	5.00B YoY+0.0%	5.00B YoY+0.0%	5.00B YoY+0.0%
Short-term & current debt	4.89B YoY+4.1%	4.70B YoY+93.8%	2.42B YoY+555.1%	370M YoY+56.1%	237M YoY+13.4%
Current lease liability	352M YoY+2.6%	343M YoY-5.5%	363M YoY-0.3%	364M YoY-7.1%	392M YoY+3.4%
	45.6B YoY+0.0%	45.6B YoY+0.0%	45.6B YoY+0.0%	45.6B YoY+0.0%	45.6B YoY+0.0%
Long-term debt	41.6B YoY+8.5%	38.3B YoY+3.1%	37.2B YoY-1.4%	37.7B YoY+9.8%	34.3B YoY+11.5%
Non-current lease liability	1.85B YoY-0.5%	1.86B YoY-2.1%	1.90B YoY+8.6%	1.75B YoY-0.2%	1.75B YoY+4.9%
Total non-current liabilities	33.9B YoY+0.0%	33.9B YoY+0.0%	33.9B YoY+0.0%	33.9B YoY+0.0%	33.9B YoY+0.0%
	-6.03B YoY-141.2%	-2.50B YoY-40.9%	-1.77B YoY+35.9%	-2.77B YoY-196.6%	-933M YoY-263.1%
Common stock	2.51B YoY+0.0%	2.51B YoY+0.0%	2.51B YoY+0.0%	2.51B YoY+0.0%	2.51B YoY+0.0%
Additional paid-in capital	0.00	0.00	0.00	0.00	0.00 YoY-100.0%
Retained earnings	-5.72B YoY-170.6%	-2.12B YoY-56.4%	-1.35B YoY+40.7%	-2.28B YoY-328.6%	-532M YoY-168.5%
Accumulated other comprehensive income	-305M YoY+21.2%	-387M YoY+8.9%	-425M YoY+13.3%	-490M YoY-21.3%	-404M YoY+19.5%
Non-controlling interest	3.26B YoY+6.6%	3.05B YoY+7.8%	2.83B YoY+5.2%	2.69B YoY+11.2%	2.42B YoY+4.4%
Total equity incl. non-controlling	-2.77B YoY-599.3%	555M YoY-47.6%	1.06B YoY+1552.1%	-73.0M YoY-104.9%	1.49B YoY-48.5%
Total liabilities & equity	60.7B YoY+2.0%	59.5B YoY+5.9%	56.2B YoY+7.2%	52.4B YoY+3.3%	50.7B YoY+6.8%
Common shares outstanding	225M YoY-10.2%	250M YoY-5.9%	266M YoY-4.3%	277M YoY-9.2%	305M YoY-10.0%
Shares outstanding (cover)	228M YoY-9.9%	253M YoY-5.4%	268M YoY-5.3%	283M YoY-9.1%	311M YoY-8.1%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	12.6B YoY+20.2%	10.5B YoY+11.5%	9.43B YoY+10.7%	8.52B YoY-4.9%	8.96B YoY-3.0%
Depreciation & amortization	3.52B YoY+6.4%	3.31B YoY+7.6%	3.08B YoY+3.6%	2.97B YoY+4.1%	2.85B YoY+4.9%
Share-based compensation	401M YoY+11.4%	360M YoY+37.4%	262M YoY-23.2%	341M YoY-22.5%	440M YoY+21.5%
Change in receivables	94.0M YoY-88.2%	799M YoY-14.5%	935M YoY+17.3%	797M YoY-17.2%	962M YoY+394.2%
	-4.99B YoY-1.1%	-4.93B YoY+7.2%	-5.32B YoY-56.9%	-3.39B YoY-28.2%	-2.64B YoY+22.1%
Capital expenditure	4.94B YoY+1.4%	4.88B YoY+2.8%	4.74B YoY+7.9%	4.39B YoY+22.9%	3.58B YoY+26.2%
Other investing activities	-12.0M YoY-340.0%	5.00M YoY-73.7%	19.0M YoY-9.5%	21.0M YoY+425.0%	4.00M YoY-89.5%
	-8.55B YoY-86.6%	-4.58B YoY-11.9%	-4.09B YoY+27.6%	-5.66B YoY+15.0%	-6.66B YoY-42.3%
Long-term debt issued	8.47B YoY+13.1%	7.50B YoY+132.5%	3.22B YoY-46.2%	6.00B YoY+38.1%	4.34B YoY+60.9%
Long-term debt repaid	7.39B YoY+206.6%	2.41B YoY+165.1%	909M YoY-67.9%	2.83B YoY-26.9%	3.87B YoY+12.6%
Common stock repurchased	10.1B YoY+66.6%	6.04B YoY+58.5%	3.81B YoY-45.6%	7.00B YoY-14.8%	8.21B YoY+1762.8%
Dividends paid	679M YoY-1.6%	690M YoY+4.4%	661M YoY+1.2%	653M YoY+4.6%	624M YoY+307.8%
Other financing activities	-185M YoY+33.2%	-277M YoY-12.6%	-246M YoY-16.0%	-212M YoY+25.4%	-284M YoY-38.5%
FX effect on cash	9.00M YoY+1000.0%	-1.00M YoY-114.3%	7.00M YoY+135.0%	-20.0M YoY-566.7%	-3.00M YoY-130.0%
Net change in cash	-893M YoY-189.5%	998M YoY+3596.3%	27.0M YoY+105.0%	-543M YoY-58.8%	-342M YoY-129.2%
Interest paid	2.21B YoY+13.9%	1.94B YoY+2.4%	1.89B YoY+13.8%	1.66B YoY+10.7%	1.50B YoY-6.5%
Income taxes paid	1.74B YoY-5.6%	1.84B YoY+33.0%	1.39B YoY+18.0%	1.18B YoY-46.2%	2.18B YoY+117.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	107B YoY+40.1%	76.0B YoY+4.9%	72.5B YoY+6.8%	67.8B YoY-15.1%	79.9B YoY+43.6%
P/E	15.7× YoY+19.0%	13.2× YoY+2.5%	12.9× YoY+0.5%	12.8× YoY+11.5%	11.5× YoY-22.5%
P/S	1.4× YoY+30.9%	1.1× YoY-7.6%	1.2× YoY+1.2%	1.2× YoY-15.3%	1.4× YoY+25.9%
P/FCF	13.9× YoY+2.7%	13.5× YoY-19.9%	16.8× YoY+2.0%	16.5× YoY+11.1%	14.8× YoY+70.7%
Earnings yield	6.4% YoY-15.9%	7.6% YoY-2.4%	7.8% YoY-0.5%	7.8% YoY-10.3%	8.7% YoY+29.0%
FCF yield	7.2% YoY-2.7%	7.4% YoY+24.8%	5.9% YoY-1.9%	6.1% YoY-10.0%	6.7% YoY-41.4%
Dividend yield	0.6% YoY-29.9%	0.9% YoY-0.8%	0.9% YoY-5.0%	0.9% YoY+24.9%	0.7% YoY+185.8%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: HCA's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HCA filings on SEC EDGAR → Not investment advice.

HCA▼ financial statements

About this data

financial statements