HCA Healthcare (HCA) Gross Margin (2010 - 2026)
HCA Healthcare (HCA) reported Gross Margin of 85.07% for Q1 2026, up 606.0% year-over-year from 12.05% in Q1 2025, and up 38.13% quarter-over-quarter from 61.58% in Q4 2025.
HCA Healthcare (HCA) Gross Margin (2010 - 2026) Analysis & Trends
HCA Healthcare (HCA) has 17 years of Gross Margin data on file, last reported at 85.07% in Q1 2026.
- Gross Margin for Q1 2026 came in at 85.07%, up 606.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 77.28% (up 249.0% YoY), and the FY2025 annual result was 78.99%, down 2.0% from the prior year.
- Gross Margin improved to 85.07% in Q1 2026 per HCA's latest filing, from 61.58% in the prior quarter.
- Over five years, Gross Margin peaked at 85.09% in Q3 2023 and troughed at 61.58% in Q4 2025.
- A 5-year average of 78.39% and a median of 80.9% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2026: Gross Margin tumbled 1353 bps in 2022, then jumped 606 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 72.81% in 2022, then retreated by 7 bps to 67.88% in 2023, then declined by 8 bps to 62.5% in 2024, then retreated by 1 bps to 61.58% in 2025, then surged by 38 bps to 85.07% in 2026.
- Business Quant data shows HCA's Gross Margin at 85.07% in Q1 2026, 61.58% in Q4 2025, and 78.28% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | -18,654.20% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 24.35% |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 29.93% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.07% |
| Dec 31, 2025 | 61.58% |
| Sep 30, 2025 | 78.28% |
| Jun 30, 2025 | 84.71% |
| Mar 31, 2025 | 79.01% |
| Dec 31, 2024 | 62.50% |
| Sep 30, 2024 | 78.74% |
| Jun 30, 2024 | 79.29% |
| Mar 31, 2024 | 84.60% |
| Dec 31, 2023 | 67.88% |
| Sep 30, 2023 | 85.09% |
| Jun 30, 2023 | 84.38% |
| Mar 31, 2023 | 81.44% |
| Dec 31, 2022 | 72.81% |
| Sep 30, 2022 | 80.90% |
| Jun 30, 2022 | 81.83% |
| Mar 31, 2022 | 84.47% |
| Dec 31, 2021 | 86.34% |
| Sep 30, 2021 | 83.88% |
| Jun 30, 2021 | 82.87% |