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.
Analysis
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.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 5.04 Bn |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 1.17 Bn |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 254.90 Mn |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 2.39 Bn |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 1.35 Bn |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 1.13 Bn |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 451.78 Mn |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 1.09 Bn |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 413.93 Mn |
| 10 | Option Care Health | 3.74 Bn | 3.55 Bn | 267.25 Mn | 1.18 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.04 Bn |
| Mar 31, 2026 | 4.18 Bn |
| Dec 31, 2025 | 4.09 Bn |
| Sep 30, 2025 | 4.16 Bn |
| Jun 30, 2025 | 3.79 Bn |
| Mar 31, 2025 | 3.85 Bn |
| Dec 31, 2024 | 3.87 Bn |
| Sep 30, 2024 | 3.72 Bn |
| Jun 30, 2024 | 3.62 Bn |
| Mar 31, 2024 | 3.61 Bn |
| Dec 31, 2023 | 3.56 Bn |
| Sep 30, 2023 | 3.38 Bn |
| Jun 30, 2023 | 3.04 Bn |
| Mar 31, 2023 | 2.89 Bn |
| Dec 31, 2022 | 2.85 Bn |
| Sep 30, 2022 | 2.86 Bn |
| Jun 30, 2022 | 2.69 Bn |
| Mar 31, 2022 | 2.75 Bn |
| Dec 31, 2021 | 2.54 Bn |
| Sep 30, 2021 | 2.53 Bn |