HCA Healthcare (HCA) EV to EBITDA (2014 - 2026)
HCA Healthcare's (HCA) EV to EBITDA stood at 5.51 in Q2 2026, down 14.6% from 6.45 a year earlier and down 19.8% from the prior quarter.
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Analysis
HCA Healthcare (HCA) EV to EBITDA (2014 - 2026) Analysis & Trends
On a TTM basis, HCA Healthcare's EV to EBITDA came in at 5.32 as of Jun 30, 2026, down 11.9% year-over-year; for FY2025, it was 6.86, up 25.2% from FY2024.
- Across earlier years, EV to EBITDA came in at 5.48 in FY2024 (-5.5%), 5.80 in FY2023 (+12.8%), 5.14 in FY2022 (-7.8%) and 5.57 in FY2021 (-3.7%).
- The Q2 2026 figure is the lowest quarterly EV to EBITDA since Q4 2024.
- On a year-over-year basis, EV to EBITDA rose in four of the last eight quarters, with growth averaging 6.0%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 72.9% in Q2 2023, against a decline of 39.4% in Q2 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 6.87 (Q1 2026), 6.86 (Q4 2025) and 6.69 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 100.51 Bn | 96.52 Bn | - |
| 2 | Natera | 57.27 Bn | 52.95 Bn | 485.19 Mn |
| 3 | Quest Diagnostics | 26.09 Bn | 24.22 Bn | 1.03 Bn |
| 4 | Labcorp Holdings | 26.08 Bn | 23.83 Bn | 1.11 Bn |
| 5 | Tenet Healthcare | 22.29 Bn | 11.30 Bn | - |
| 6 | Guardant Health | 21.03 Bn | 17.09 Bn | 219.03 Mn |
| 7 | Fresenius Medical Care AG | 12.78 Bn | 4.73 Bn | 1.52 Bn |
| 8 | BrightSpring Health Services | 12.65 Bn | 10.98 Bn | 492.75 Mn |
| 9 | Davita | 12.13 Bn | 9.34 Bn | 1.16 Bn |
| 10 | Encompass Health | 12.05 Bn | 11.71 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.50 |
| Mar 31, 2026 | 6.85 |
| Dec 31, 2025 | 6.84 |
| Sep 30, 2025 | 6.67 |
| Jun 30, 2025 | 6.44 |
| Mar 31, 2025 | 6.09 |
| Dec 31, 2024 | 5.47 |
| Sep 30, 2024 | 7.37 |
| Jun 30, 2024 | 6.25 |
| Mar 31, 2024 | 6.80 |
| Dec 31, 2023 | 5.78 |
| Sep 30, 2023 | 5.00 |
| Jun 30, 2023 | 6.21 |
| Mar 31, 2023 | 5.52 |
| Dec 31, 2022 | 5.13 |
| Sep 30, 2022 | 4.29 |
| Jun 30, 2022 | 3.59 |
| Mar 31, 2022 | 5.29 |
| Dec 31, 2021 | 5.56 |
| Sep 30, 2021 | 5.67 |
API Access
HCA Healthcare EV to EBITDA 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=ev-to-ebitda&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();