HCA Healthcare (HCA) Free Cash Flow (2010 - 2026)
HCA Healthcare (HCA) recorded Free Cash Flow of $1.1 billion in Q2 2026, down 63.6% from $3.03 billion a year earlier but up 23.4% from the prior quarter.
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Analysis
HCA Healthcare (HCA) Free Cash Flow (2010 - 2026) Analysis & Trends
On a TTM basis, HCA Healthcare's Free Cash Flow came in at $6 billion as of Jun 30, 2026, down 17.8% year-over-year; for FY2025, it was $7.69 billion, up 36.4% from FY2024.
- Annual Free Cash Flow has increased for three straight years, with a five-year compound annual growth rate of 3.8% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $5.64 billion in FY2024 (+20.3%), $4.69 billion in FY2023 (+13.6%), $4.13 billion in FY2022 (-23.3%) and $5.38 billion in FY2021 (-15.9%).
- Quarterly Free Cash Flow has ranged from $484 million in Q1 2022 to $3.13 billion in Q3 2025 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in four of the last eight quarters, with growth averaging 40.3%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 339.7% in Q2 2025, against a decline of 63.7% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $895 million (Q1 2026), $870 million (Q4 2025) and $3.13 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 1.10 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -8.64 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 459.00 Mn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 313.90 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -69.54 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 417.00 Mn |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -13.65 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 62.30 Mn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 320.25 Mn |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 14.88 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.10 Bn |
| Mar 31, 2026 | 895.00 Mn |
| Dec 31, 2025 | 870.00 Mn |
| Sep 30, 2025 | 3.13 Bn |
| Jun 30, 2025 | 3.03 Bn |
| Mar 31, 2025 | 660.00 Mn |
| Dec 31, 2024 | 1.27 Bn |
| Sep 30, 2024 | 2.32 Bn |
| Jun 30, 2024 | 690.00 Mn |
| Mar 31, 2024 | 1.35 Bn |
| Dec 31, 2023 | 1.52 Bn |
| Sep 30, 2023 | 1.33 Bn |
| Jun 30, 2023 | 1.23 Bn |
| Mar 31, 2023 | 606.00 Mn |
| Dec 31, 2022 | 1.20 Bn |
| Sep 30, 2022 | 1.89 Bn |
| Jun 30, 2022 | 550.00 Mn |
| Mar 31, 2022 | 484.00 Mn |
| Dec 31, 2021 | 1.25 Bn |
| Sep 30, 2021 | 1.39 Bn |
API Access
HCA Healthcare Free Cash Flow 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=free-cash-flow&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();