HCA Healthcare (HCA) Return on Capital Employed [ROCE] (2011 - 2026)
HCA Healthcare (HCA) reported Return on Capital Employed [ROCE] of 27.06% for Q2 2026, up 2.04 percentage points from 25.02% a year earlier but down 1.81 percentage points from the prior quarter.
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Analysis
HCA Healthcare (HCA) Return on Capital Employed [ROCE] (2011 - 2026) Analysis & Trends
For FY2025, HCA Healthcare posted Return on Capital Employed [ROCE] of 27.60%, up 2.81 percentage points from FY2024.
- Return on Capital Employed [ROCE] has a five-year change of +8.93 percentage points (FY2020 to FY2025).
- By year, Return on Capital Employed [ROCE] came in at 24.80% in FY2024 (+1.65 pp), 23.14% in FY2023 (-1.61 pp), 24.76% in FY2022 (-4.08 pp) and 28.83% in FY2021 (+10.16 pp).
- Five-year quarterly Return on Capital Employed [ROCE] spans a low of 22.56% in Q4 2023 and a high of 28.87% in Q1 2026.
- Year over year, Return on Capital Employed [ROCE] has now increased in each of the last seven quarters, with an average year-over-year change of +1.96 percentage points over the last eight quarters.
- The high point for year-over-year Return on Capital Employed [ROCE] in five years was Q4 2021 (a gain of 10.80 percentage points); the low point was Q3 2022 (a drop of 4.83 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 28.87% (Q1 2026), 27.53% (Q4 2025) and 27.54% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 105.29 Bn | 103.13 Bn | 17.03 Bn | 27.97% |
| 2 | Natera | 46.06 Bn | 41.68 Bn | 513.47 Mn | -12.46% |
| 3 | Labcorp Holdings | 30.09 Bn | 28.19 Bn | 1.11 Bn | 9.44% |
| 4 | Quest Diagnostics | 28.58 Bn | 26.66 Bn | 1.04 Bn | 11.30% |
| 5 | Guardant Health | 20.44 Bn | 16.05 Bn | 236.15 Mn | -33.03% |
| 6 | BrightSpring Health Services | 14.16 Bn | 11.04 Bn | 518.55 Mn | 11.79% |
| 7 | Encompass Health | 13.83 Bn | 14.29 Bn | 1.54 Bn | 13.69% |
| 8 | Tempus AI | 12.69 Bn | 9.84 Bn | 266.70 Mn | -14.14% |
| 9 | Davita | 11.06 Bn | 9.92 Bn | 1.13 Bn | 14.26% |
| 10 | Ensign | 10.99 Bn | 9.12 Bn | 317.20 Mn | 10.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 27.97% |
| Jun 30, 2026 | 27.06% |
| Mar 31, 2026 | 28.87% |
| Dec 31, 2025 | 27.53% |
| Sep 30, 2025 | 27.54% |
| Jun 30, 2025 | 25.02% |
| Mar 31, 2025 | 23.25% |
| Dec 31, 2024 | 23.89% |
| Sep 30, 2024 | 24.72% |
| Jun 30, 2024 | 24.38% |
| Mar 31, 2024 | 23.02% |
| Dec 31, 2023 | 22.56% |
| Sep 30, 2023 | 25.34% |
| Jun 30, 2023 | 25.48% |
| Mar 31, 2023 | 25.27% |
| Dec 31, 2022 | 24.54% |
| Sep 30, 2022 | 22.87% |
| Jun 30, 2022 | 25.54% |
| Mar 31, 2022 | 27.50% |
| Dec 31, 2021 | 28.10% |
API Access
HCA Healthcare Return on Capital Employed [ROCE] 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-capital-employed-%5Broce%5D&ticker=HCA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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-capital-employed-%5Broce%5D&ticker=HCA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();