HCA Healthcare (HCA) Capital Expenditures (2010 - 2026)
HCA Healthcare's Capital Expenditures was $1.36 billion in Q3 2026, up 5.4% from $1.29 billion a year earlier and up 10.2% from the prior quarter.
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Analysis
HCA Healthcare (HCA) Capital Expenditures (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, HCA Healthcare's Capital Expenditures was $5.2 billion through Sep 30, 2026, up 9.6% year-over-year; for FY2025, it came in at $4.94 billion, up 1.4% from FY2024.
- Capital Expenditures has now increased for five consecutive years, with a five-year compound annual growth rate of 11.8% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $4.88 billion in FY2024 (+2.8%), $4.74 billion in FY2023 (+7.9%), $4.4 billion in FY2022 (+22.9%) and $3.58 billion in FY2021 (+26.2%).
- Quarterly Capital Expenditures has moved between $861 million (Q1 2022) and $1.49 billion (Q4 2025) over five years.
- Compared with a year earlier, Capital Expenditures has increased for five straight quarters, with growth averaging 4.8% over the last eight quarters.
- The best year-over-year quarter for Capital Expenditures over five years was Q4 2021 (growth of 59.4%); the worst was Q4 2023 (a decline of 12.4%).
- Per Business Quant data, HCA's Capital Expenditures in the three quarters before Q3 2026 was $1.23 billion (Q2 2026), $1.12 billion (Q1 2026) and $1.49 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | 1.36 Bn |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | 38.68 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 151.60 Mn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 166.00 Mn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 198.00 Mn |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | 13.48 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 22.09 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | 9.34 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | 234.50 Mn |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 159.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.36 Bn |
| Jun 30, 2026 | 1.23 Bn |
| Mar 31, 2026 | 1.12 Bn |
| Dec 31, 2025 | 1.49 Bn |
| Sep 30, 2025 | 1.29 Bn |
| Jun 30, 2025 | 1.18 Bn |
| Mar 31, 2025 | 991.00 Mn |
| Dec 31, 2024 | 1.29 Bn |
| Sep 30, 2024 | 1.19 Bn |
| Jun 30, 2024 | 1.28 Bn |
| Mar 31, 2024 | 1.12 Bn |
| Dec 31, 2023 | 1.16 Bn |
| Sep 30, 2023 | 1.15 Bn |
| Jun 30, 2023 | 1.24 Bn |
| Mar 31, 2023 | 1.20 Bn |
| Dec 31, 2022 | 1.32 Bn |
| Sep 30, 2022 | 1.13 Bn |
| Jun 30, 2022 | 1.08 Bn |
| Mar 31, 2022 | 861.00 Mn |
| Dec 31, 2021 | 1.19 Bn |
API Access
HCA Healthcare Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "HCA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();