HCA Healthcare (HCA) FCF Margin (2010 - 2026)
HCA Healthcare (HCA) posted quarterly FCF Margin of 5.46% for Q2 2026, down 1085.0% year-over-year from 0.55% in Q2 2025, and up 16.52% quarter-over-quarter from 4.68% in Q1 2026.
HCA Healthcare (HCA) FCF Margin (2010 - 2026) Analysis & Trends
HCA Healthcare (HCA) has reported FCF Margin for 17 consecutive years, with 5.46% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin fell 1085.0% year-over-year to 5.46%; the TTM figure through Jun 2026 stood at 7.69% (down 234.0% YoY), while the FY2025 annual figure was 10.17%, up 219.0% from the prior year.
- FCF Margin advanced to 5.46% in Q2 2026 per HCA's latest filing, from 4.68% in the prior quarter.
- Across five years, FCF Margin topped out at 16.32% in Q3 2025 and bottomed at 3.24% in Q1 2022.
- Historically, FCF Margin has averaged 7.71% across 5 years, with a median of 7.37% in 2022.
- Annual changes were most pronounced in 2025 — FCF Margin surged 1236 bps — and 2026, when it sank 1085 bps.
- HCA Healthcare's FCF Margin stood at 7.77% in 2022, then climbed by 13 bps to 8.76% in 2023, then slipped by 20 bps to 6.97% in 2024, then tumbled by 36 bps to 4.46% in 2025, then increased by 22 bps to 5.46% in 2026.
- Business Quant data shows HCA's FCF Margin at 5.46% in Q2 2026, 4.68% in Q1 2026, and 4.46% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 5.46% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 7.41% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 3.90% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 9.01% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 8.27% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 4.65% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 2.19% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 10.29% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 19.73% |
| 10 | Option Care Health | 3.59 Bn | 3.39 Bn | 267.25 Mn | 11.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 5.46% |
| Mar 31, 2026 | 4.68% |
| Dec 31, 2025 | 4.46% |
| Sep 30, 2025 | 16.32% |
| Jun 30, 2025 | 16.31% |
| Mar 31, 2025 | 3.60% |
| Dec 31, 2024 | 6.97% |
| Sep 30, 2024 | 13.29% |
| Jun 30, 2024 | 3.94% |
| Mar 31, 2024 | 7.79% |
| Dec 31, 2023 | 8.76% |
| Sep 30, 2023 | 8.22% |
| Jun 30, 2023 | 7.78% |
| Mar 31, 2023 | 3.89% |
| Dec 31, 2022 | 7.77% |
| Sep 30, 2022 | 12.62% |
| Jun 30, 2022 | 3.71% |
| Mar 31, 2022 | 3.24% |
| Dec 31, 2021 | 8.30% |
| Sep 30, 2021 | 9.09% |