HCA Healthcare (HCA) Cost of Revenue (2010 - 2026)
HCA Healthcare (HCA) posted quarterly Cost of Revenue of $2.9 billion for Q1 2026, down 25.8% YoY from $3.8 billion in Q1 2025, and down 61.94% sequentially from $7.5 billion in Q4 2025.
HCA Healthcare (HCA) Cost of Revenue (2010 - 2026) Analysis & Trends
HCA Healthcare has disclosed Cost of Revenue across 17 years of filings, most recently posting $2.9 billion for Q1 2026.
- In Q1 2026, Cost of Revenue fell 25.8% year-over-year to $2.9 billion; the TTM figure through Mar 2026 stood at $17.4 billion (down 3.81% YoY), while the FY2025 annual figure was $15.9 billion, up 7.2% from the prior year.
- Cost of Revenue fell to $2.9 billion in Q1 2026, from $7.5 billion in the prior quarter.
- Over the last five years, Cost of Revenue for HCA reached as high as $7.5 billion in Q4 2025 and fell as low as $2.3 billion in Q1 2022.
- The 5-year median for Cost of Revenue is $2.9 billion (2023), against an average of $3.7 billion.
- Annual changes were most pronounced in 2022 — Cost of Revenue soared 104.81% — and 2026, when it slipped 25.8%.
- A 5-year view of Cost of Revenue shows it stood at $4.2 billion in 2022, then surged by 31.9% to $5.6 billion in 2023, then climbed by 23.39% to $6.9 billion in 2024, then climbed by 9.32% to $7.5 billion in 2025, then tumbled by 61.94% to $2.9 billion in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $2.9 billion, $7.5 billion, and $4.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 2.85 Bn |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 441.75 Mn |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 961.00 Mn |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 2.34 Bn |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 241.90 Mn |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 1.10 Bn |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 1.28 Bn |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 1.07 Bn |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | -31.50 Mn |
| 10 | Brookdale Senior Living | 3.76 Bn | 3.50 Bn | 727.83 Mn | 37.03 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.85 Bn |
| Mar 31, 2026 | 2.85 Bn |
| Dec 31, 2025 | 7.50 Bn |
| Dec 31, 2025 | 7.50 Bn |
| Sep 30, 2025 | 4.16 Bn |
| Sep 30, 2025 | 4.16 Bn |
| Jun 30, 2025 | 2.84 Bn |
| Jun 30, 2025 | 2.84 Bn |
| Mar 31, 2025 | 3.85 Bn |
| Mar 31, 2025 | 3.85 Bn |
| Dec 31, 2024 | 6.86 Bn |
| Dec 31, 2024 | 6.86 Bn |
| Sep 30, 2024 | 3.72 Bn |
| Sep 30, 2024 | 3.72 Bn |
| Jun 30, 2024 | 3.62 Bn |
| Jun 30, 2024 | 3.62 Bn |
| Mar 31, 2024 | 2.67 Bn |
| Mar 31, 2024 | 2.67 Bn |
| Dec 31, 2023 | 5.56 Bn |
| Dec 31, 2023 | 5.56 Bn |