Stock research

HCA Healthcare, Inc. (HCA) Stock Research

HCA Healthcare operates one of the largest US networks of hospitals and outpatient surgery centers.

For the fiscal year ended December 31, 2025, HCA Healthcare, Inc. reported revenue of $75.6B and net income of $6.8B, with operating cash flow of $12.6B. Source: Form 10-K filed February 10, 2026

SEC data as of

Revenue
$75.6B
FY ending 2025-12-31
Net income
$6.8B
FY ending 2025-12-31
Diluted EPS
$28.33
Net margin
9.0%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About HCA Healthcare

Exchange
NYSE: HCA
Sector
Health Care
SEC industry
Services-General Medical & Surgical Hospitals, NEC (SIC 8062)
Fiscal year end
December 31

HCA key financials

Reported figures from HCA Healthcare, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$75.6B2025-01-01 – 2025-12-31SEC filing
Net income$6.8B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$12.6B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$28.332025-01-01 – 2025-12-31SEC filing
Net margin9.0%2025-01-01 – 2025-12-31SEC filing
Shares outstanding224MAs of 2026-01-31SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in HCA

HCA Healthcare, Inc. sits in Health Care. Pharmaceuticals, biotech, medical devices, and managed care — defensive demand paired with binary drug and regulatory catalysts. We have not yet written company-specific drivers for HCA; the forces that matter most for the sector are:

  • ◆Drug approvals and clinical-trial readouts
  • ◆Medicare and drug-pricing policy
  • ◆Demographics and an aging population
  • ◆GLP-1 and obesity-drug demand

Key questions for the HCA thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does HCA's reported profit turn into cash?

Operating cash flow was $12.6B, 1.86 times net income of $6.8B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 10, 2026

How much of HCA's revenue is left as profit?

Net income was 9.0% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 10, 2026

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Congressional trading in HCA

PoliticianTrade dateTypeOwnerAmountSource
Jared Moskowitz2026-06-17PurchaseDependent$1,001 - $15,000Filing #20034963
Jared Moskowitz2026-06-17PurchaseSelf$1,001 - $15,000Filing #20034963
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Lisa McClain2025-09-11SaleSpouse$1,001 - $15,000Filing #20032129
Lisa McClain2025-08-19PurchaseSpouse$1,001 - $15,000Filing #20030932
Jared Moskowitz2025-05-15PurchaseSelf$1,001 - $15,000Filing #20030455
Jared Moskowitz2025-05-15PurchaseDependent$1,001 - $15,000Filing #20030455
Julie Johnson2025-04-07SaleJoint$1,001 - $15,000Filing #20030296
Robert Bresnahan2025-02-25SaleSelf$1,001 - $15,000Filing #20029034
Valerie Hoyle2024-12-27SaleSpouse$1,001 - $15,000Filing #20032070

All verified HCA congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

HCA — frequently asked questions

What does HCA Healthcare, Inc. do?

HCA Healthcare operates one of the largest US networks of hospitals and outpatient surgery centers.

What were HCA's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, HCA Healthcare, Inc. reported revenue of $75.6B and net income of $6.8B, with operating cash flow of $12.6B. The figures come from HCA Healthcare, Inc.'s SEC XBRL filings.

When does HCA Healthcare, Inc.'s fiscal year end?

The SEC lists HCA Healthcare, Inc.'s fiscal year end as December 31.

Do members of Congress trade HCA?

The current verified House and Senate snapshot contains 11 transaction rows for HCA, each linked to the original filing.

Is HCA a good investment?

This page does not rate HCA as a buy or sell. It sets out what HCA Healthcare, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the HCA numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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