HCA Healthcare (HCA) Net Margin (2010 - 2026)
HCA Healthcare (HCA) posted Net Margin of 8.40% for Q2 2026, down 0.49 percentage points from 8.88% a year earlier and down 0.08 percentage points from the prior quarter.
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Analysis
HCA Healthcare (HCA) Net Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at HCA Healthcare was 8.77%, up 0.55 percentage points year-over-year; for FY2025, it was 8.97%, up 0.82 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +1.69 percentage points (FY2020 to FY2025).
- In prior years, HCA Healthcare's Net Margin was 8.16% in FY2024 (+0.09 pp), 8.07% in FY2023 (-1.30 pp), 9.37% in FY2022 (-2.47 pp) and 11.84% in FY2021 (+4.55 pp).
- The Q2 2026 figure stands as the lowest quarterly Net Margin since Q4 2024.
- On a year-over-year basis, Net Margin increased in four of the last eight quarters, with an average year-over-year change of +0.20 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2021, with a gain of 9.83 percentage points; the weakest was Q3 2022, with a drop of 7.28 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 8.48% (Q1 2026), 9.62% (Q4 2025) and 8.57% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 100.51 Bn | 96.52 Bn | - | 8.40% |
| 2 | Natera | 57.27 Bn | 52.95 Bn | 485.19 Mn | -8.90% |
| 3 | Quest Diagnostics | 26.09 Bn | 24.22 Bn | 1.03 Bn | 10.52% |
| 4 | Labcorp Holdings | 26.08 Bn | 23.83 Bn | 1.11 Bn | 8.01% |
| 5 | Tenet Healthcare | 22.29 Bn | 11.30 Bn | - | 14.68% |
| 6 | Guardant Health | 21.03 Bn | 17.09 Bn | 219.03 Mn | -35.87% |
| 7 | Fresenius Medical Care AG | 12.78 Bn | 4.73 Bn | 1.52 Bn | 4.49% |
| 8 | BrightSpring Health Services | 12.65 Bn | 10.98 Bn | 492.75 Mn | 2.18% |
| 9 | Davita | 12.13 Bn | 9.34 Bn | 1.16 Bn | 7.47% |
| 10 | Encompass Health | 12.05 Bn | 11.71 Bn | - | 9.63% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.40% |
| Mar 31, 2026 | 8.48% |
| Dec 31, 2025 | 9.62% |
| Sep 30, 2025 | 8.57% |
| Jun 30, 2025 | 8.88% |
| Mar 31, 2025 | 8.79% |
| Dec 31, 2024 | 7.86% |
| Sep 30, 2024 | 7.26% |
| Jun 30, 2024 | 8.35% |
| Mar 31, 2024 | 9.18% |
| Dec 31, 2023 | 9.29% |
| Sep 30, 2023 | 6.66% |
| Jun 30, 2023 | 7.52% |
| Mar 31, 2023 | 8.74% |
| Dec 31, 2022 | 13.43% |
| Sep 30, 2022 | 7.57% |
| Jun 30, 2022 | 7.79% |
| Mar 31, 2022 | 8.52% |
| Dec 31, 2021 | 12.04% |
| Sep 30, 2021 | 14.85% |
API Access
HCA Healthcare Net 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=net-margin&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();