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
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