Discontinued — last reported Q2 '20

Non-Current Assets

Construction in progress

HCA Healthcare Construction in progress increased by 15.4% to $2.15B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 15.4%, from $1.86B to $2.15B. Over 5 years (FY 2020 to FY 2025), Construction in progress shows an upward trend with a 7.5% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ3 2015
Last reportedQ2 2020
Parent metricPP&E (Net)

How to read this metric

A high balance indicates significant ongoing capital expenditure and future growth potential through expanded production capacity.

Detailed definition

The accumulated costs for capital projects that are currently under construction and not yet ready for operational use....

Peer comparison

Reflects the company's current investment cycle and long-term growth strategy compared to industry peers.

Metric ID: ppe_construction_in_progress

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$1.39B$1.76B$1.87B$1.86B$2.15B
QoQ Change+26.6%+6.5%-0.6%+15.4%
YoY Change+26.6%+6.5%-0.6%+15.4%
% of PP&E (Net)5.8%6.9%6.7%6.3%6.9%
Share Change+1.1pp-0.1pp-0.4pp+0.6pp
Range$1.39B$2.15B
CAGR+54.7%
Avg YoY Growth+12.0%
Median YoY Growth+11.0%

Construction in progress at Other Companies

Frequently Asked Questions

What is HCA Healthcare's construction in progress?
HCA Healthcare (HCA) reported construction in progress of $2.15B in Q4 2025.
How has HCA Healthcare's construction in progress changed year-over-year?
HCA Healthcare's construction in progress increased by 15.4% year-over-year, from $1.86B to $2.15B.
What is the long-term trend for HCA Healthcare's construction in progress?
Over 5 years (2020 to 2025), HCA Healthcare's construction in progress has grown at a 7.5% compound annual growth rate (CAGR), from $1.50B to $2.15B.
What does construction in progress mean?
The value of capital projects currently being built but not yet in use.