HCA Healthcare National Group — Revenue decreased by 0.7% to $5.49B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.4%, from $5.11B to $5.49B. Over 4 years (FY 2021 to FY 2025), National Group — Revenue shows a downward trend with a -8.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates growth in patient volume or higher service pricing, while a decrease suggests market share loss or reduced demand.
This metric represents the total gross income generated by the National Group segment through the provision of healthcar...
Comparable to segment-level net patient service revenue reported by other large-scale multi-hospital health systems.
hca_segment_national_group_revenues| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.30B | $7.79B | $7.68B | $7.51B | $7.35B | $7.64B | $7.86B | $4.62B | $4.37B | $4.35B | $4.77B | $4.80B | $4.82B | $4.89B | $5.11B | $5.07B | $5.20B | $5.53B | $5.49B |
| QoQ Change | — | +6.7% | -1.3% | -2.3% | -2.1% | +3.9% | +2.9% | -41.3% | -5.3% | -0.5% | +9.5% | +0.6% | +0.5% | +1.5% | +4.5% | -0.9% | +2.7% | +6.3% | -0.7% |
| YoY Change | — | — | — | — | +0.7% | -2.0% | +2.3% | -38.5% | -40.5% | -43.0% | -39.4% | +3.9% | +10.2% | +12.4% | +7.3% | +5.6% | +8.0% | +13.0% | +7.4% |