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DaVita DVA U S Dialysis — G&A

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Other financials

Income statement

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Revenue$3.4B+6.0%
Operating income$481.9M+9.8%
Net income$197.5M+21.2%
EPS (diluted)$2.87+43.5%

Balance sheet

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Cash & equivalents$726.4M+38.5%
Total debt$13.3B+6.7%
Total equity-$755.5M-183%
Total assets$17.5B+2.2%

Cash flow

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Operating cash flow$320.8M+78.2%
CapEx$102.0M-28.8%
Free cash flow$218.8M+495%

Valuation

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Market cap$12.04B+31.7%
Enterprise value$24.65B+15.5%
P/E15.4×+4.5×
P/S0.9×+0.2×

Profitability

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Operating margin15.1%-0.7pp
Net margin5.6%-1.0pp
FCF margin10.8%-2.8pp

Returns & leverage

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Return on equity159.1%+80.9pp
Debt / equity103.6×+92.8×
Current ratio1.4×+0.2×

Where this comes from

Reported directly by DaVita in its filing.

Tagged under the XBRL concept us-gaap:GeneralAndAdministrativeExpense.

The source filing: DaVita’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000927066-26-000012
Line itemYear ended December 31, 2025Year ended December 31, 2024Year ended December 31, 2023
Significant segment expenses:
U.S. dialysis
Patient care costs$7,854,234$7,497,576$7,394,640
General and administrative1,253,2981,173,9901,102,072
Depreciation and amortization633,396661,181695,674
Other segment items(1)(32,217)(63,037)(29,966)
U.S. dialysis segment expenses9,708,7119,269,7109,162,420
Other - Ancillary services expenses(2)1,829,9071,427,8331,307,970

Item 16. Form 10-K Summary

FAQ

What is DaVita's u s dialysis — G&A?
DaVita (DVA) reported u s dialysis — G&A of $313.32M in Q4 2025.
How has DaVita's u s dialysis — G&A changed year-over-year?
DaVita's u s dialysis — G&A increased by 6.8% year-over-year, from $293.5M to $313.32M.
What is the long-term trend for DaVita's u s dialysis — G&A?
Over 3 years (2022 to 2025), DaVita's u s dialysis — G&A has grown at a 6.5% compound annual growth rate (CAGR), from $1.04B to $1.25B.
What does u s dialysis — G&A mean?
Represents the indirect costs of running the dialysis segment, including corporate overhead, management salaries, legal, and administrative support functions. These costs are necessary to support the infrastructure of the business.

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