HCA Healthcare (HCA) FCF Margin (2010 - 2026)
HCA Healthcare's FCF Margin was 5.46% in Q2 2026, down 10.85 percentage points from 16.31% a year earlier but up 0.77 percentage points from the prior quarter.
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Analysis
HCA Healthcare (HCA) FCF Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, HCA Healthcare's FCF Margin was 7.69% through Jun 30, 2026, down 2.34 percentage points year-over-year; for FY2025, it was 10.17%, up 2.19 percentage points from FY2024.
- FCF Margin has now increased for three consecutive years, though with a five-year change of -2.24 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was 7.99% in FY2024 (+0.77 pp), 7.21% in FY2023 (+0.36 pp), 6.85% in FY2022 (-2.31 pp) and 9.16% in FY2021 (-3.25 pp).
- Quarterly FCF Margin has moved between 3.24% (Q1 2022) and 16.32% (Q3 2025) over five years.
- Compared with a year earlier, FCF Margin was higher in four of the last eight quarters, with an average year-over-year change of +0.28 percentage points.
- The best year-over-year quarter for FCF Margin over five years was Q4 2021 (a gain of 38.61 percentage points); the worst was Q2 2026 (a drop of 10.85 percentage points).
- Per Business Quant data, HCA's FCF Margin in the three quarters before Q2 2026 was 4.68% (Q1 2026), 4.46% (Q4 2025) and 16.32% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.44 Bn | 104.53 Bn | - | 15.64% |
| 2 | Natera | 46.38 Bn | 42.00 Bn | 513.47 Mn | 0.66% |
| 3 | Labcorp Holdings | 30.37 Bn | 28.45 Bn | 1.11 Bn | 10.82% |
| 4 | Quest Diagnostics | 28.52 Bn | 26.28 Bn | 1.04 Bn | 14.37% |
| 5 | Tenet Healthcare | 23.21 Bn | 12.51 Bn | - | 19.23% |
| 6 | Guardant Health | 21.35 Bn | 16.97 Bn | 236.15 Mn | -10.30% |
| 7 | Tempus AI | 15.33 Bn | 12.48 Bn | 266.70 Mn | -0.03% |
| 8 | BrightSpring Health Services | 14.30 Bn | 12.05 Bn | 518.55 Mn | 4.33% |
| 9 | Encompass Health | 13.86 Bn | 13.49 Bn | - | 7.92% |
| 10 | Davita | 11.86 Bn | 9.23 Bn | 1.13 Bn | 10.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.64% |
| 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% |
API Access
HCA Healthcare FCF 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=fcf-margin&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();