HCA Healthcare, Inc. (HCA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 19.11B | 19.51B | 19.16B | 18.61B | 18.32B | 18.29B | 17.49B | 17.49B | 17.34B | 17.3B | 16.21B | 15.86B | 15.59B | 15.5B | 14.97B | 14.82B | 14.95B | 15.06B | 15.28B | 14.44B |
| Revenue Growth % | 4.3% | 6.72% | 9.57% | 6.36% | 5.66% | 5.68% | 7.86% | 10.28% | 11.21% | 11.65% | 8.3% | 7.02% | 4.32% | 2.87% | -2% | 2.67% | 6.93% | 5.39% | 14.76% | 30.42% |
| Cost of Goods Sold | 16.25B | 11.34B | 11.15B | 10.98B | 10.76B | 10.71B | 10.52B | 10.32B | 2.67B | 2.58B | 2.42B | 2.48B | 2.42B | 2.43B | 2.32B | 2.3B | 2.32B | 2.41B | 2.46B | 2.38B |
| COGS % of Revenue | 85.02% | 58.1% | 58.17% | 59.03% | 58.74% | 58.57% | 60.15% | 58.99% | 15.4% | 14.93% | 14.91% | 15.62% | 15.54% | 15.67% | 15.5% | 15.53% | 15.53% | 16.02% | 16.12% | 16.49% |
| Gross Profit | 2.86B | 8.18B | 8.02B | 7.62B | 7.56B | 7.58B | 6.97B | 7.17B | 14.67B | 14.72B | 13.8B | 13.38B | 13.17B | 13.07B | 12.65B | 12.52B | 12.62B | 12.65B | 12.81B | 12.05B |
| Gross Margin % | 14.98% | 41.9% | 41.83% | 40.97% | 41.26% | 41.43% | 39.85% | 41.01% | 84.6% | 85.07% | 85.09% | 84.38% | 84.46% | 84.33% | 84.5% | 84.47% | 84.47% | 83.97% | 83.88% | 83.51% |
| Gross Profit Growth % | -62.13% | 7.93% | 15.01% | 6.27% | -48.46% | -48.54% | -49.49% | -46.4% | 11.39% | 12.63% | 9.05% | 6.9% | 4.31% | 3.3% | -1.26% | 3.85% | 7.41% | 6.1% | 14.58% | 29.35% |
| Operating Expenses | 0 | 5B | 5.05B | 4.66B | 4.71B | 4.73B | 4.56B | 4.44B | 12.11B | 11.92B | 13.8B | 11.08B | 10.73B | 10.65B | 10.51B | 10.22B | 10.42B | 10.26B | 10.34B | 9.57B |
| OpEx % of Revenue | - | 25.61% | 26.36% | 25.03% | 25.68% | 25.86% | 26.07% | 25.39% | 69.83% | 68.88% | 85.09% | 69.88% | 68.85% | 68.76% | 70.19% | 68.98% | 69.74% | 68.14% | 67.69% | 66.3% |
| Selling, General & Admin | 8.28B | 0 | 0 | 7.86B | 8B | 7.92B | 7.86B | 7.68B | 7.71B | 7.57B | 7.56B | 7.28B | 7.08B | 7.05B | 6.9B | 6.79B | 6.94B | 7B | 7.09B | 6.38B |
| SG&A % of Revenue | 43.35% | - | - | 42.25% | 43.65% | 43.3% | 44.95% | 43.93% | 44.45% | 43.75% | 46.6% | 45.88% | 45.44% | 45.52% | 46.08% | 45.83% | 46.43% | 46.46% | 46.44% | 44.23% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 2.86B | 3.18B | 2.96B | 2.97B | 2.85B | 2.85B | 2.41B | 2.73B | 2.56B | 2.8B | 0 | 2.3B | 2.43B | 2.41B | 2.14B | 2.3B | 2.2B | 2.39B | 2.47B | 2.48B |
| Operating Margin % | 14.98% | 16.29% | 15.47% | 15.95% | 15.58% | 15.56% | 13.78% | 15.61% | 14.76% | 16.19% | - | 14.5% | 15.61% | 15.57% | 14.31% | 15.49% | 14.73% | 15.84% | 16.19% | 17.22% |
| Operating Income Growth % | 0.28% | 11.67% | 23.03% | 8.64% | 11.52% | 1.61% | - | 18.74% | 5.18% | 16.08% | -100% | 0.17% | 10.59% | 1.13% | -13.34% | -7.61% | -5.7% | -2.61% | 87.49% | 25.89% |
| EBITDA | 3.79B | 4.09B | 3.85B | 3.83B | 3.71B | 3.7B | 3.25B | 3.55B | 3.35B | 3.59B | 2.88B | 3.06B | 3.19B | 3.16B | 2.89B | 3.03B | 2.93B | 3.11B | 3.19B | 3.2B |
| EBITDA Margin % | 19.85% | 20.96% | 20.11% | 20.59% | 20.28% | 20.25% | 18.6% | 20.29% | 19.35% | 20.75% | 17.78% | 19.31% | 20.46% | 20.41% | 19.32% | 20.47% | 19.63% | 20.67% | 20.88% | 22.15% |
| EBITDA Growth % | 2.1% | 10.45% | 18.51% | 7.89% | 10.73% | 3.12% | 12.84% | 15.9% | 5.17% | 13.5% | -0.35% | 0.96% | 8.76% | 1.57% | -9.31% | -5.1% | -3.23% | 0.06% | 58.42% | 19.96% |
| D&A (Non-Cash Add-back) | 930M | 911M | 889M | 863M | 860M | 856M | 842M | 819M | 795M | 789M | 769M | 763M | 756M | 750M | 749M | 738M | 732M | 728M | 716M | 712M |
| EBIT | 2.87B | 3.24B | 2.98B | 2.98B | 2.87B | 2.66B | 2.42B | 2.74B | 2.76B | 2.84B | 2.11B | 2.29B | 2.4B | 3.75B | 2.15B | 2.19B | 2.22B | 2.98B | 3.56B | 2.5B |
| Net Interest Income | -584M | -572M | -561M | -568M | -547M | -528M | -515M | -506M | -512M | -491M | -483M | -485M | -479M | -455M | -446M | -432M | -406M | -389M | -388M | -377M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 584M | 572M | 561M | 568M | 547M | 528M | 515M | 506M | 512M | 491M | 483M | 485M | 479M | 455M | 446M | 432M | 406M | 389M | 388M | 377M |
| Other Income/Expense | -576M | -506M | -547M | -552M | -528M | -713M | -504M | -494M | -313M | -456M | 1.63B | -491M | -512M | 889M | -439M | -536M | -387M | 200M | 684M | -368M |
| Pretax Income | 2.29B | 2.67B | 2.42B | 2.42B | 2.33B | 2.13B | 1.91B | 2.24B | 2.25B | 2.35B | 1.63B | 1.81B | 1.92B | 3.3B | 1.7B | 1.76B | 1.81B | 2.59B | 3.16B | 2.12B |
| Pretax Margin % | 11.97% | 13.69% | 12.62% | 12.98% | 12.7% | 11.67% | 10.9% | 12.79% | 12.96% | 13.55% | 10.05% | 11.41% | 12.33% | 21.31% | 11.38% | 11.88% | 12.14% | 17.17% | 20.67% | 14.67% |
| Income Tax | 430M | 509M | 515M | 524M | 502M | 447M | 424M | 550M | 445M | 484M | 355M | 397M | 379M | 656M | 360M | 381M | 349M | 581M | 685M | 453M |
| Effective Tax Rate % | 18.8% | 19.05% | 21.3% | 21.7% | 21.57% | 20.96% | 22.25% | 24.59% | 19.8% | 20.64% | 21.78% | 21.95% | 19.72% | 19.87% | 21.13% | 21.65% | 19.24% | 22.47% | 21.7% | 21.4% |
| Net Income | 1.62B | 1.88B | 1.64B | 1.65B | 1.61B | 1.44B | 1.27B | 1.46B | 1.59B | 1.61B | 1.08B | 1.19B | 1.36B | 2.08B | 1.13B | 1.16B | 1.27B | 1.81B | 2.27B | 1.45B |
| Net Margin % | 8.48% | 9.62% | 8.57% | 8.88% | 8.79% | 7.86% | 7.26% | 8.35% | 9.18% | 9.29% | 6.66% | 7.52% | 8.74% | 13.43% | 7.57% | 7.79% | 8.52% | 12.04% | 14.85% | 10.04% |
| Net Income Growth % | 0.62% | 30.6% | 29.37% | 13.14% | 1.19% | -10.52% | 17.7% | 22.46% | 16.73% | -22.78% | -4.85% | 3.29% | 7.07% | 14.72% | -50.02% | -20.34% | -10.54% | 27.21% | 239.67% | 34.38% |
| Net Income (Continuing) | 1.86B | 2.16B | 1.9B | 1.89B | 1.82B | 1.69B | 1.48B | 1.69B | 1.8B | 1.86B | 1.27B | 1.41B | 1.54B | 2.65B | 1.34B | 1.38B | 1.47B | 2B | 2.47B | 1.66B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.33B | 3.26B | 3.18B | 3.16B | 3.08B | 3.05B | 2.97B | 2.94B | 2.88B | 2.83B | 2.83B | 2.76B | 2.73B | 2.69B | 2.59B | 2.54B | 2.45B | 2.42B | 2.52B | 2.38B |
| EPS (Diluted) | 7.15 | 8.14 | 6.96 | 6.83 | 6.45 | 5.63 | 4.89 | 5.53 | 5.94 | 5.93 | 3.89 | 4.29 | 4.85 | 7.28 | 3.91 | 3.90 | 4.14 | 5.75 | 7.00 | 4.36 |
| EPS Growth % | 10.85% | 44.58% | 42.33% | 23.51% | 8.59% | -5.06% | 25.71% | 28.9% | 22.47% | -18.54% | -0.51% | 10% | 17.15% | 26.61% | -44.14% | -10.55% | 0% | 39.23% | 258.97% | 37.97% |
| EPS (Basic) | 7.15 | 8.14 | 7.05 | 6.91 | 6.52 | 5.70 | 4.94 | 5.60 | 6.04 | 6.05 | 3.92 | 4.35 | 4.92 | 7.50 | 3.97 | 3.95 | 4.21 | 5.94 | 7.13 | 4.42 |
| Diluted Shares Outstanding | 226.65M | 230.71M | 242.46M | 241.91M | 249.44M | 255.31M | 259.92M | 264.07M | 268.02M | 271.19M | 271.19M | 278.2M | 280.96M | 285.66M | 289.85M | 296.06M | 307.37M | 315.42M | 324.03M | 332.61M |
| Basic Shares Outstanding | 226.65M | 230.71M | 242.46M | 241.91M | 249.44M | 252.3M | 259.92M | 263.22M | 263.22M | 265.54M | 265.54M | 274.49M | 276.91M | 277.38M | 285.96M | 292.53M | 302.45M | 305.48M | 318.07M | 328.17M |
| Dividend Payout Ratio | 11.3% | 8.63% | 10.1% | 10.34% | 11.18% | 11.47% | 13.31% | 11.7% | 11.63% | 9.96% | 15.01% | 13.75% | 12.84% | 7.5% | 14.11% | 13.85% | 13.9% | 8.16% | 6.65% | 10.76% |