HCA Healthcare (HCA) Gross Margin (2010 - 2026)
HCA Healthcare (HCA) posted quarterly Gross Margin of 75.07% for Q2 2026, down 454.0% year-over-year from 21.21% in Q2 2025, and down 3.91% quarter-over-quarter from 78.13% in Q1 2026.
HCA Healthcare (HCA) Gross Margin (2010 - 2026) Analysis & Trends
HCA Healthcare (HCA) has reported Gross Margin for 17 consecutive years, with 75.07% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin fell 454.0% year-over-year to 75.07%; the TTM figure through Jun 2026 stood at 77.61% (down 145.0% YoY), while the FY2025 annual figure was 78.99%, down 2.0% from the prior year.
- Gross Margin fell to 75.07% in Q2 2026 per HCA's latest filing, from 78.13% in the prior quarter.
- Across five years, Gross Margin topped out at 81.83% in Q2 2022 and bottomed at 75.07% in Q2 2026.
- Historically, Gross Margin has averaged 79.55% across 5 years, with a median of 79.25% in 2024.
- Annual changes were most pronounced in 2025 — Gross Margin soared 33 bps — and 2026, when it sank 454 bps.
- HCA Healthcare's Gross Margin stood at 81.61% in 2022, then fell by 3 bps to 79.43% in 2023, then slipped by 1 bps to 78.82% in 2024, then grew by 0 bps to 79.05% in 2025, then dropped by 5 bps to 75.07% in 2026.
- Business Quant data shows HCA's Gross Margin at 75.07% in Q2 2026, 78.13% in Q1 2026, and 79.05% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 75.07% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 79.14% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 84.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 32.70% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 21.26% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 70.85% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 23.70% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 32.90% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 31.70% |
| 10 | Option Care Health | 3.59 Bn | 3.39 Bn | 267.25 Mn | 18.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 75.07% |
| Mar 31, 2026 | 78.13% |
| Dec 31, 2025 | 79.05% |
| Sep 30, 2025 | 78.28% |
| Jun 30, 2025 | 79.61% |
| Mar 31, 2025 | 79.01% |
| Dec 31, 2024 | 78.82% |
| Sep 30, 2024 | 78.74% |
| Jun 30, 2024 | 79.29% |
| Mar 31, 2024 | 79.20% |
| Dec 31, 2023 | 79.43% |
| Sep 30, 2023 | 79.16% |
| Jun 30, 2023 | 80.81% |
| Mar 31, 2023 | 81.44% |
| Dec 31, 2022 | 81.61% |
| Sep 30, 2022 | 80.90% |
| Jun 30, 2022 | 81.83% |
| Mar 31, 2022 | 81.59% |
| Dec 31, 2021 | 83.16% |
| Sep 30, 2021 | 83.44% |