Growth Metrics

HCA Healthcare (HCA) Operating Margin (2016 - 2026)

HCA Healthcare (HCA) has disclosed Operating Margin for 17 consecutive years, with 2.96% as the latest value for Q1 2026.

  • For Q1 2026, Operating Margin rose 532.0% year-over-year to 2.96%; the TTM value through Mar 2026 reached 9.9%, up 329.0%, while the annual FY2025 figure was 2.73%, 20.0% up from the prior year.
  • Operating Margin hit 2.96% in Q1 2026 for HCA Healthcare, up from 24.72% in the prior quarter.
  • Across five years, Operating Margin topped out at 2.31% in Q2 2025 and bottomed at 25.84% in Q4 2024.
  • Average Operating Margin over 5 years is 8.89%, with a median of 6.3% recorded in 2022.
  • Year-over-year, Operating Margin tumbled -1268bps in 2023 and then skyrocketed 562bps in 2025.
  • HCA Healthcare's Operating Margin stood at 5.88% in 2022, then tumbled by -216bps to 18.56% in 2023, then tumbled by -39bps to 25.84% in 2024, then grew by 4bps to 24.72% in 2025, then surged by 88bps to 2.96% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 2.96%, 24.72%, and 9.1% for Q1 2026, Q4 2025, and Q3 2025 respectively.