American Group was HCA Healthcare’s largest segment in fiscal 2025, bringing in $26.45B of $75.60B (35%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Atlantic Group | $19.32B | $21.17B | $23.38B | $24.71B | ||||||||||||
| American Group | $20.86B | $22.32B | $24.67B | $26.45B | ||||||||||||
| National Group | $16.77B | $18.11B | $19.66B | $21.28B | ||||||||||||
| Southwest Group | — | — | — | — | ||||||||||||
| Central Group | — | — | — | — | ||||||||||||
| Corporate & Other | $3.28B | $3.38B | $2.90B | $3.17B | ||||||||||||
| Total | $60.23B | $64.97B | $70.60B | $75.60B |
HCA Healthcare brought in $75.60B from its four segments in fiscal 2025, the year ended December 31, 2025. That was up 7.1% from $70.60B in fiscal 2024. American Group was the largest at $26.45B (35.0%), ahead of Atlantic Group at $24.71B (32.7%) and National Group at $21.28B (28.1%). The remaining segment, Corporate & Other, brought in $3.17B.
Compared with fiscal 2024, Corporate & Other grew fastest, up 9.3% to $3.17B. Every segment above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these segments grew from $60.23B to $75.60B, a compound annual growth rate of 7.9%. American Group's share held steady at about 35.0%.
Subsidiary Guarantors was HCA Healthcare’s largest revenue line in fiscal 2017, bringing in $25.77B of $43.61B (59%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|
| Subsidiary Guarantors | $25.71B | $24.43B | $25.77B |
| Subsidiary Non-Guarantors | $17.88B | $17.06B | $17.84B |
| Total | $43.59B | $41.49B | $43.61B |
HCA Healthcare brought in $43.61B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. That was up 5.1% from $41.49B in fiscal 2016. Subsidiary Guarantors was the largest at $25.77B (59.1%), ahead of Subsidiary Non-Guarantors at $17.84B (40.9%).
Compared with fiscal 2016, Subsidiary Guarantors grew 5.5% to $25.77B and Subsidiary Non-Guarantors grew 4.6% to $17.84B. From fiscal 2015 to 2017, combined revenue from these revenue lines grew from $43.59B to $43.61B, a compound annual growth rate of 0.0%. Subsidiary Guarantors' share held steady at about 59.1%.
Subsidiary Guarantors was HCA Healthcare’s largest revenue line in fiscal 2014, bringing in $20.53B of $40.09B (51%).
| Legal Entity | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 |
|---|---|---|---|---|---|---|
| Subsidiary Guarantors | $16.48B | $17.27B | $20.04B | $20.53B | ||
| Subsidiary Non-Guarantors | $13.20B | $15.74B | $18.00B | $19.55B | ||
| Total | $29.68B | $33.01B | $38.04B | $40.09B |
HCA Healthcare brought in $40.09B from its two revenue lines in fiscal 2014, the year ended December 31, 2014. That was up 5.4% from $38.04B in fiscal 2013. Subsidiary Guarantors was the largest at $20.53B (51.2%), ahead of Subsidiary Non-Guarantors at $19.55B (48.8%).
Compared with fiscal 2013, Subsidiary Non-Guarantors grew 8.6% to $19.55B and Subsidiary Guarantors grew 2.4% to $20.53B. From fiscal 2011 to 2014, combined revenue from these revenue lines grew from $29.68B to $40.09B, a compound annual growth rate of 10.5%. Subsidiary Guarantors' share of the total fell from 55.5% to 51.2%.
HCA Healthcare (HCA) reports its revenue by segment, by consolidated entities and by legal entity. In fiscal 2025, American Group was its largest segment, bringing in $26.45B (35.0% of the total), followed by Atlantic Group at $24.71B (32.7%).
American Group was HCA Healthcare's largest segment in fiscal 2025, bringing in $26.45B, or 35.0% of the $75.60B total across its four segments.
Subsidiary Guarantors was HCA Healthcare's largest revenue line in fiscal 2017, bringing in $25.77B, or 59.1% of the $43.61B total across its two revenue lines.
Among HCA Healthcare's segments that make up at least 2% of revenue, Corporate & Other grew fastest in fiscal 2025, up 9.3% from $2.90B to $3.17B.
Every figure comes from HCA Healthcare's annual financial filings, as reported. Each line keeps the name HCA Healthcare gives it, and years follow its fiscal calendar.
HCA Healthcare's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.