HCA Healthcare (HCA) Return on Capital Employed (2011 - 2026)
HCA Healthcare (HCA) posted quarterly Return on Capital Employed of 16.87% for Q2 2026, down 213.0% year-over-year from 14.93% in Q2 2025, and down 9.79% quarter-over-quarter from 15.37% in Q1 2026.
HCA Healthcare (HCA) Return on Capital Employed (2011 - 2026) Analysis & Trends
HCA Healthcare (HCA) has reported Return on Capital Employed for 16 consecutive years, with 16.87% the latest figure, recorded in Q2 2026.
- In Q2 2026, Return on Capital Employed fell 213.0% year-over-year to 16.87%; the TTM figure through Jun 2026 stood at 16.87% (down 213.0% YoY), while the FY2025 annual figure was 13.83%, up 92.0% from the prior year.
- Return on Capital Employed retreated to 16.87% in Q2 2026 per HCA's latest filing, from 15.37% in the prior quarter.
- Across five years, Return on Capital Employed topped out at 1.51% in Q1 2022 and bottomed at 16.87% in Q2 2026.
- Historically, Return on Capital Employed has averaged 10.83% across 5 years, with a median of 13.02% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed jumped 548 bps — and 2024, when it sank 651 bps.
- HCA Healthcare's Return on Capital Employed stood at 6.12% in 2022, then slumped by 98 bps to 12.09% in 2023, then retreated by 18 bps to 14.21% in 2024, then advanced by 3 bps to 13.8% in 2025, then dropped by 22 bps to 16.87% in 2026.
- Business Quant data shows HCA's Return on Capital Employed at 16.87% in Q2 2026, 15.37% in Q1 2026, and 13.8% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 89.17 Bn | 88.16 Bn | 15.19 Bn | -16.87% |
| 2 | Tenet Healthcare | 22.30 Bn | 20.13 Bn | 4.45 Bn | 17.89% |
| 3 | Encompass Health | 12.22 Bn | 12.08 Bn | 1.34 Bn | 2.50% |
| 4 | Davita | 11.68 Bn | 10.99 Bn | 1.16 Bn | 14.43% |
| 5 | Ensign | 10.53 Bn | 10.21 Bn | 306.24 Mn | 9.75% |
| 6 | Universal Health Services | 10.14 Bn | 10.00 Bn | 3.29 Bn | 16.45% |
| 7 | Pacs | 7.07 Bn | 6.91 Bn | 338.46 Mn | 8.91% |
| 8 | Chemed | 7.04 Bn | 7.00 Bn | 221.47 Mn | 28.21% |
| 9 | Fresenius Medical Care AG | 6.38 Bn | 4.69 Bn | 1.52 Bn | 14.48% |
| 10 | Concentra Group Holdings Parent | 4.43 Bn | 4.28 Bn | 192.10 Mn | 14.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -16.87% |
| Mar 31, 2026 | -15.37% |
| Dec 31, 2025 | -13.80% |
| Sep 30, 2025 | -15.28% |
| Jun 30, 2025 | -14.74% |
| Mar 31, 2025 | -14.03% |
| Dec 31, 2024 | -14.21% |
| Sep 30, 2024 | -13.26% |
| Jun 30, 2024 | -13.31% |
| Mar 31, 2024 | -12.79% |
| Dec 31, 2023 | -12.09% |
| Sep 30, 2023 | -8.40% |
| Jun 30, 2023 | -6.99% |
| Mar 31, 2023 | -6.28% |
| Dec 31, 2022 | -6.12% |
| Sep 30, 2022 | -7.13% |
| Jun 30, 2022 | -2.79% |
| Mar 31, 2022 | -1.51% |
| Dec 31, 2021 | -0.32% |
| Sep 30, 2021 | -1.50% |