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HCA Healthcare (HCA) Cost of Revenue (2016 - 2025)

HCA Healthcare (HCA) has disclosed Cost of Revenue for 16 consecutive years, with -$432.0 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 106.3% to -$432.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $11.4 billion, a 27.85% decrease, with the full-year FY2025 number at $11.4 billion, down 23.29% from a year prior.
  • Cost of Revenue was -$432.0 million for Q4 2025 at HCA Healthcare, down from $6.2 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $6.9 billion in Q4 2024 to a low of -$432.0 million in Q4 2025.
  • A 5-year average of $3.1 billion and a median of $2.8 billion in 2022 define the central range for Cost of Revenue.
  • Biggest YoY gain for Cost of Revenue was 133.01% in 2025; the steepest drop was 106.3% in 2025.
  • HCA Healthcare's Cost of Revenue stood at $2.4 billion in 2021, then skyrocketed by 74.52% to $4.2 billion in 2022, then decreased by 15.52% to $3.6 billion in 2023, then surged by 92.67% to $6.9 billion in 2024, then tumbled by 106.3% to -$432.0 million in 2025.
  • Per Business Quant, the three most recent readings for HCA's Cost of Revenue are -$432.0 million (Q4 2025), $6.2 billion (Q3 2025), and $2.8 billion (Q2 2025).