HCA Healthcare (HCA) Return on Assets [ROA] (2011 - 2026)
HCA Healthcare (HCA) recorded Return on Assets [ROA] of 12.60% in Q2 2026, up 1.06 percentage points from 11.54% a year earlier but down 0.20 percentage points from the prior quarter.
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Analysis
HCA Healthcare (HCA) Return on Assets [ROA] (2011 - 2026) Analysis & Trends
For FY2025, HCA Healthcare reported Return on Assets [ROA] of 12.94%, up 1.44 percentage points from FY2024.
- Annual Return on Assets [ROA] has a five-year change of +3.46 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Assets [ROA] came in at 11.50% in FY2024 (+0.29 pp), 11.21% in FY2023 (-2.03 pp), 13.25% in FY2022 (-2.47 pp) and 15.72% in FY2021 (+6.24 pp).
- Quarterly Return on Assets [ROA] has ranged from 10.99% in Q4 2023 to 15.40% in Q4 2021 over the past five years.
- On a year-over-year basis, Return on Assets [ROA] has increased for four consecutive quarters, with an average year-over-year change of +0.50 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Assets [ROA] in the last five years was a gain of 7.21 percentage points in Q3 2021, against a drop of 3.15 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.79% (Q1 2026), 12.92% (Q4 2025) and 12.25% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 12.31% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -6.09% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 5.37% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 6.91% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -25.54% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 6.70% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -7.92% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 11.48% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 6.86% |
| 10 | Ensign | 10.80 Bn | 8.92 Bn | 317.20 Mn | 6.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.31% |
| Jun 30, 2026 | 12.60% |
| Mar 31, 2026 | 12.79% |
| Dec 31, 2025 | 12.92% |
| Sep 30, 2025 | 12.25% |
| Jun 30, 2025 | 11.54% |
| Mar 31, 2025 | 11.20% |
| Dec 31, 2024 | 11.19% |
| Sep 30, 2024 | 11.69% |
| Jun 30, 2024 | 11.59% |
| Mar 31, 2024 | 11.22% |
| Dec 31, 2023 | 10.99% |
| Sep 30, 2023 | 12.71% |
| Jun 30, 2023 | 13.07% |
| Mar 31, 2023 | 13.15% |
| Dec 31, 2022 | 13.15% |
| Sep 30, 2022 | 12.02% |
| Jun 30, 2022 | 14.11% |
| Mar 31, 2022 | 14.78% |
| Dec 31, 2021 | 15.40% |
API Access
HCA Healthcare Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();