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
DateValue
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