HCA Healthcare (HCA) EBITDA Margin (2013 - 2026)
HCA Healthcare (HCA) recorded EBITDA Margin of 19.96% in Q2 2026, down 0.72 percentage points from 20.67% a year earlier but up 0.06 percentage points from the prior quarter.
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Analysis
HCA Healthcare (HCA) EBITDA Margin (2013 - 2026) Analysis & Trends
On a TTM basis, HCA Healthcare's EBITDA Margin came in at 20.33% as of Jun 30, 2026, up 0.58 percentage points year-over-year; for FY2025, it was 20.64%, up 0.96 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +1.75 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 19.68% in FY2024 (+0.10 pp), 19.58% in FY2023 (-2.48 pp), 22.06% in FY2022 (-2.19 pp) and 24.26% in FY2021 (+5.37 pp).
- Quarterly EBITDA Margin has ranged from 17.78% in Q3 2023 to 29.07% in Q4 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of +0.22 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 12.43 percentage points in Q3 2021, against a drop of 8.59 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 19.89% (Q1 2026), 21.29% (Q4 2025) and 20.19% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 19.96% |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -7.25% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 19.88% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 16.90% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -35.69% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 30.49% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | - |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 24.09% |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 21.01% |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 4.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.96% |
| Mar 31, 2026 | 19.89% |
| Dec 31, 2025 | 21.29% |
| Sep 30, 2025 | 20.19% |
| Jun 30, 2025 | 20.67% |
| Mar 31, 2025 | 20.38% |
| Dec 31, 2024 | 19.23% |
| Sep 30, 2024 | 18.66% |
| Jun 30, 2024 | 20.36% |
| Mar 31, 2024 | 20.50% |
| Dec 31, 2023 | 20.95% |
| Sep 30, 2023 | 17.78% |
| Jun 30, 2023 | 19.27% |
| Mar 31, 2023 | 20.25% |
| Dec 31, 2022 | 29.07% |
| Sep 30, 2022 | 19.36% |
| Jun 30, 2022 | 19.78% |
| Mar 31, 2022 | 19.77% |
| Dec 31, 2021 | 24.64% |
| Sep 30, 2021 | 27.96% |
API Access
HCA Healthcare EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "HCA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();