HCA Healthcare (HCA) Return on Capital Employed (2011 - 2026)
HCA Healthcare (HCA) reported Return on Capital Employed of 18.08% for Q1 2026, up 243.0% year-over-year from 5.27% in Q1 2025, and up 6.81% quarter-over-quarter from 19.4% in Q4 2025.
HCA Healthcare (HCA) Return on Capital Employed (2011 - 2026) Analysis & Trends
HCA Healthcare (HCA) has 16 years of Return on Capital Employed data on file, last reported at 18.08% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 18.08%, up 243.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.08% (up 243.0% YoY), and the FY2025 annual result was 4.72%, up 52.0% from the prior year.
- Return on Capital Employed grew to 18.08% in Q1 2026 per HCA's latest filing, from 19.4% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 0.88% in Q1 2022 and troughed at 20.51% in Q1 2025.
- A 5-year average of 12.35% and a median of 13.19% in 2023 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2023: Return on Capital Employed surged 865 bps in 2022, then plunged 1044 bps in 2023.
- A 5-year view of Return on Capital Employed shows it stood at 8.34% in 2022, then plunged by 58 bps to 13.19% in 2023, then slumped by 43 bps to 18.83% in 2024, then slipped by 3 bps to 19.4% in 2025, then climbed by 7 bps to 18.08% in 2026.
- Business Quant data shows HCA's Return on Capital Employed at 18.08% in Q1 2026, 19.4% in Q4 2025, and 20.16% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -18.08% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 15.90% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 14.27% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | -2.33% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 9.57% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 16.52% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 12.19% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 26.99% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 8.38% |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 13.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.08% |
| Dec 31, 2025 | -19.40% |
| Sep 30, 2025 | -20.16% |
| Jun 30, 2025 | -19.40% |
| Mar 31, 2025 | -20.51% |
| Dec 31, 2024 | -18.83% |
| Sep 30, 2024 | -15.70% |
| Jun 30, 2024 | -13.55% |
| Mar 31, 2024 | -11.72% |
| Dec 31, 2023 | -13.19% |
| Sep 30, 2023 | -8.01% |
| Jun 30, 2023 | -8.91% |
| Mar 31, 2023 | -9.56% |
| Dec 31, 2022 | -8.34% |
| Sep 30, 2022 | -4.95% |
| Jun 30, 2022 | -0.51% |
| Mar 31, 2022 | 0.88% |
| Dec 31, 2021 | 1.03% |
| Sep 30, 2021 | -3.43% |
| Jun 30, 2021 | -8.13% |