HCA Healthcare, Inc. (HCA)

HCA Healthcare Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	74,372	70,603	64,968	60,233	58,752	51,533
Revenue Growth (YoY)	6.82%	8.67%	7.86%	2.52%	14.01%	0.38%
Cost of Revenue	43,599	41,925	39,389	37,056	36,260	32,243
Gross Profit	30,773	28,678	25,579	23,177	22,492	19,290
Selling, General & Admin	1,049	1,049	994	976	989	923
Other Operating Expenses	14,623	13,770	11,882	10,178	8,972	8,384
Operating Expenses	19,140	18,131	15,953	14,123	12,814	12,028
Operating Income	11,633	10,547	9,626	9,054	9,678	7,262
Interest Expense	-2,204	-2,061	-1,938	-1,741	-1,566	-1,584
Earnings From Equity Investments	63	23	22	45	113	54
EBT Excluding Unusual Items	9,492	8,509	7,710	7,358	8,225	5,732
Gain (Loss) on Sale of Investments	-	-	1	-1	-	-
Gain (Loss) on Sale of Assets	-199	14	-5	1,301	1,620	-7
Other Unusual Items	-	-	-	-78	-12	-295
Pretax Income	9,293	8,523	7,706	8,580	9,833	5,430
Income Tax Expense	1,988	1,866	1,615	1,746	2,112	1,043
Earnings From Continuing Operations	7,305	6,657	6,091	6,834	7,721	4,387
Minority Interest in Earnings	-961	-897	-849	-1,191	-765	-633
Net Income	6,344	5,760	5,242	5,643	6,956	3,754
Net Income to Common	6,344	5,760	5,242	5,643	6,956	3,754
Net Income Growth	7.00%	9.88%	-7.11%	-18.88%	85.30%	7.10%
Shares Outstanding (Basic)	242	259	272	290	323	338
Shares Outstanding (Diluted)	246	262	276	295	329	344
Shares Change (YoY)	-7.57%	-5.28%	-6.19%	-10.37%	-4.32%	-1.33%
EPS (Basic)	26.17	22.27	19.24	19.44	21.51	11.10
EPS (Diluted)	25.82	22.00	18.97	19.15	21.16	10.93
EPS Growth	15.74%	15.97%	-0.94%	-9.50%	93.60%	8.54%
Free Cash Flow	8,096	5,639	4,687	4,127	5,382	6,397
Free Cash Flow Per Share	32.96	21.54	16.96	14.01	16.37	18.62
Dividend Per Share	2.820	2.640	2.400	2.240	1.920	0.430
Dividend Growth	9.30%	10.00%	7.14%	16.67%	346.51%	-73.13%
Gross Margin	41.38%	40.62%	39.37%	38.48%	38.28%	37.43%
Operating Margin	15.64%	14.94%	14.82%	15.03%	16.47%	14.09%
Profit Margin	8.53%	8.16%	8.07%	9.37%	11.84%	7.29%
Free Cash Flow Margin	10.89%	7.99%	7.21%	6.85%	9.16%	12.41%
EBITDA	15,101	13,859	12,703	12,023	12,531	9,983
EBITDA Margin	20.30%	19.63%	19.55%	19.96%	21.33%	19.37%
D&A For EBITDA	3,468	3,312	3,077	2,969	2,853	2,721
EBIT	11,633	10,547	9,626	9,054	9,678	7,262
EBIT Margin	15.64%	14.94%	14.82%	15.03%	16.47%	14.09%
Effective Tax Rate	21.39%	21.89%	20.96%	20.35%	21.48%	19.21%

Updated Oct 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q