HCA Healthcare (HCA) Cost of Revenue (2010 - 2026)
HCA Healthcare (HCA) posted quarterly Cost of Revenue of $5.0 billion for Q2 2026, up 32.96% year-over-year from $3.8 billion in Q2 2025, and up 20.65% quarter-over-quarter from $4.2 billion in Q1 2026.
HCA Healthcare (HCA) Cost of Revenue (2010 - 2026) Analysis & Trends
HCA Healthcare (HCA) has reported Cost of Revenue for 17 consecutive years, with $5.0 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Cost of Revenue rose 32.96% year-over-year to $5.0 billion; the TTM figure through Jun 2026 stood at $17.5 billion (up 14.73% YoY), while the FY2025 annual figure was $15.9 billion, up 7.2% from the prior year.
- Cost of Revenue advanced to $5.0 billion in Q2 2026 per HCA's latest filing, from $4.2 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $5.0 billion in Q2 2026 and bottomed at $2.7 billion in Q2 2022.
- Historically, Cost of Revenue has averaged $3.6 billion across 5 years, with a median of $3.6 billion in 2024.
- Annual changes were most pronounced in 2025 — Cost of Revenue gained 4.69% — and 2026, when it jumped 32.96%.
- HCA Healthcare's Cost of Revenue stood at $2.8 billion in 2022, then climbed by 24.88% to $3.6 billion in 2023, then increased by 8.82% to $3.9 billion in 2024, then increased by 5.53% to $4.1 billion in 2025, then rose by 23.39% to $5.0 billion in 2026.
- Business Quant data shows HCA's Cost of Revenue at $5.0 billion in Q2 2026, $4.2 billion in Q1 2026, and $4.1 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 89.17 Bn | 88.16 Bn | 15.19 Bn | 5.04 Bn |
| 2 | Tenet Healthcare | 22.30 Bn | 20.13 Bn | 4.45 Bn | 1.17 Bn |
| 3 | Encompass Health | 12.22 Bn | 12.08 Bn | 1.34 Bn | 254.90 Mn |
| 4 | Davita | 11.68 Bn | 10.99 Bn | 1.16 Bn | 2.39 Bn |
| 5 | Ensign | 10.53 Bn | 10.21 Bn | 306.24 Mn | 1.13 Bn |
| 6 | Universal Health Services | 10.14 Bn | 10.00 Bn | 3.29 Bn | 1.35 Bn |
| 7 | Pacs | 7.07 Bn | 6.91 Bn | 338.46 Mn | 1.09 Bn |
| 8 | Chemed | 7.04 Bn | 7.00 Bn | 221.47 Mn | 451.78 Mn |
| 9 | Fresenius Medical Care AG | 6.38 Bn | 4.69 Bn | 1.52 Bn | 4.13 Bn |
| 10 | Concentra Group Holdings Parent | 4.43 Bn | 4.28 Bn | 192.10 Mn | 413.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.04 Bn |
| Jun 30, 2026 | 5.04 Bn |
| Mar 31, 2026 | 4.18 Bn |
| Mar 31, 2026 | 4.18 Bn |
| Dec 31, 2025 | 4.09 Bn |
| Dec 31, 2025 | 4.09 Bn |
| Sep 30, 2025 | 4.16 Bn |
| Sep 30, 2025 | 4.16 Bn |
| Jun 30, 2025 | 3.79 Bn |
| Jun 30, 2025 | 3.79 Bn |
| Mar 31, 2025 | 3.85 Bn |
| Mar 31, 2025 | 3.85 Bn |
| Dec 31, 2024 | 3.87 Bn |
| Dec 31, 2024 | 3.87 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 | 3.61 Bn |
| Mar 31, 2024 | 3.61 Bn |