HCA Healthcare (HCA) Cost of Revenue (2010 - 2026)
HCA Healthcare (HCA) reported Cost of Revenue of $2.9 billion for Q1 2026, down 25.8% year-over-year from $3.8 billion in Q1 2025, and down 61.94% quarter-over-quarter from $7.5 billion in Q4 2025.
HCA Healthcare (HCA) Cost of Revenue (2010 - 2026) Analysis & Trends
HCA Healthcare (HCA) has 17 years of Cost of Revenue data on file, last reported at $2.9 billion in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $2.9 billion, down 25.8% year-over-year; the trailing twelve-month figure through Mar 2026 was $17.4 billion (down 3.81% YoY), and the FY2025 annual result was $15.9 billion, up 7.2% from the prior year.
- Cost of Revenue eased to $2.9 billion in Q1 2026 per HCA's latest filing, from $7.5 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $7.5 billion in Q4 2025 and troughed at $2.3 billion in Q1 2022.
- A 5-year average of $3.7 billion and a median of $2.9 billion in 2023 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2026: Cost of Revenue soared 104.81% in 2022, then slipped 25.8% in 2026.
- 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 sank by 61.94% to $2.9 billion in 2026.
- Business Quant data shows HCA's Cost of Revenue at $2.9 billion in Q1 2026, $7.5 billion in Q4 2025, and $4.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 2.85 Bn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 961.00 Mn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 2.34 Bn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 241.90 Mn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 1.10 Bn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 1.28 Bn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 4.28 Bn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 441.75 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 1.07 Bn |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 399.09 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 |