HCA Healthcare Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	75,600	70,603	64,968	60,233	58,752
Revenue Growth (YoY)	7.08%	8.67%	7.86%	2.52%	14.01%
Cost of Revenue	44,226	41,925	39,389	37,056	36,260
Gross Profit	31,374	28,678	25,579	23,177	22,492
Depreciation & Amortization Expenses	3,523	3,312	3,077	2,969	2,853
Other Operating Expenses	15,886	14,819	12,875	11,155	9,961
Total Operating Expenses	19,409	18,131	15,952	14,124	12,814
Operating Income	11,965	10,547	9,627	9,053	9,678
Interest Income	78	23	22	45	113
Interest Expense	-2,248	-2,061	-1,938	-1,741	-1,566
Other Non-Operating Income (Expense)	37	14	-5	1,223	1,608
Total Non-Operating Income (Expense)	-2,133	-2,024	-1,921	-473	155
Pretax Income	9,832	8,523	7,706	8,580	9,833
Provision for Income Taxes	2,050	1,866	1,615	1,746	2,112
Net Income	6,784	5,760	5,242	5,643	6,956
Minority Interest in Earnings	998	897	849	1,191	765
Net Income to Common	6,784	5,760	5,242	5,643	6,956
Net Income Growth	17.78%	9.88%	-7.11%	-18.88%	85.30%
Shares Outstanding (Basic)	236	259	272	290	323
Shares Outstanding (Diluted)	239	262	276	295	329
Shares Change (YoY)	-8.52%	-5.28%	-6.19%	-10.37%	-4.32%
EPS (Basic)	28.70	22.27	19.25	19.43	21.52
EPS (Diluted)	28.33	22.00	18.97	19.15	21.16
EPS Growth	28.77%	15.97%	-0.94%	-9.50%	93.60%
Free Cash Flow	7,692	5,639	4,687	4,127	5,382
Free Cash Flow Growth	36.41%	20.31%	13.57%	-23.32%	-15.87%
Free Cash Flow Per Share	32.12	21.54	16.96	14.01	16.37
Dividends Per Share	2.880	2.640	2.400	2.240	1.920
Dividend Growth	9.09%	10.00%	7.14%	16.67%	346.51%
Gross Margin	41.50%	40.62%	39.37%	38.48%	38.28%
Operating Margin	15.83%	14.94%	14.82%	15.03%	16.47%
Profit Margin	10.29%	9.43%	9.38%	11.35%	13.14%
FCF Margin	10.17%	7.99%	7.21%	6.85%	9.16%
EBITDA	15,488	13,859	12,704	12,022	12,531
EBITDA Margin	20.49%	19.63%	19.55%	19.96%	21.33%
EBIT	11,965	10,547	9,627	9,053	9,678
EBIT Margin	15.83%	14.94%	14.82%	15.03%	16.47%
Effective Tax Rate	20.85%	21.89%	20.96%	20.35%	21.48%

Updated Jan 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q