HCA Healthcare (HCA)
Health Care · Hospital operators and health care services
One of the largest U.S. for-profit hospital operators, managing 190 hospitals and 121 ambulatory surgery centers across 19 states and England, generating $76+ billion in annual revenue.
What HCA Healthcare does
HCA Healthcare operates one of the largest for-profit hospital systems in the United States, with 190 hospitals (179 general acute care, 7 behavioral, 4 rehabilitation), 121 freestanding ambulatory surgery centers, and 31 freestanding endoscopy centers across 19 states and England. The company provides a comprehensive array of inpatient and outpatient health care services including emergency care, surgical services, diagnostic imaging, oncology, cardiology, neurosurgery, behavioral health, home health, and hospice care. HCA generates revenue through patient care services delivered across this integrated network of facilities.
Themes: ["Hospital operations","Acute care services","Ambulatory surgery","Behavioral health","Digital health and AI","Outpatient care expansion","Physician recruitment and retention","Health care workforce development"]
Fundamentals
- Price$409.01 as of 2026-07-09 close
- Market cap$89.9B as of 2026-07-10
- 1-year return+8.7% as of 2026-07-09 close
- P/E13.23 as of 2026-07-10
- Net margin+8.9% as of 2026-07-10
- Gross margin+85.0% as of 2026-07-10
- ROE+695.7% as of 2026-07-10
- Debt / equity125.80 as of 2026-07-10
- Revenue growth (YoY)+6.7% as of 2026-07-10
- Revenue CAGR (3y)+7.9% SEC XBRL
- Beta1.11 as of 2026-07-10
Dividend: yield +0.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Regulatory and reimbursement pressure: Changes in Medicare/Medicaid reimbursement rates, regulatory requirements, and government health care policy directly impact hospital margins and operating profitability.","Labor cost inflation and workforce shortages: Significant dependence on recruiting and retaining physicians and other health care professionals in a highly competitive labor market, with salaries and benefits representing the largest operating expense.","Operational and clinical performance: Ability to maintain high clinical quality, patient satisfaction, and operational efficiency across a geographically distributed network of 190+ facilities is critical to competitive positioning and financial performance."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.