Investing
CapEx
HCA Healthcare CapEx increased by 15.6% to $1.49B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 15.9%, from $1.29B to $1.49B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 8.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ4 2013
Last reportedQ4 2025
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
cf_capital_expendituresHistorical Data
19 periods
| 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 | $842.00M | $889.00M | $1.19B | $861.00M | $1.08B | $1.13B | $1.32B | $1.20B | $1.24B | $1.15B | $1.16B | $1.12B | $1.28B | $1.19B | $1.29B | $991.00M | $1.18B | $1.29B | $1.49B |
| QoQ Change | — | +5.6% | +34.1% | -27.8% | +25.4% | +4.7% | +17.0% | -9.5% | +3.7% | -7.6% | +1.0% | -3.5% | +14.6% | -7.0% | +7.9% | -22.9% | +18.7% | +9.5% | +15.6% |
| YoY Change | — | — | — | — | +28.3% | +27.2% | +11.0% | +39.0% | +14.9% | +1.4% | -12.4% | -6.6% | +3.2% | +3.8% | +10.9% | -11.4% | -8.2% | +8.1% | +15.9% |
Range$842.00M – $1.49B
CAGR+13.5%
Avg YoY Growth+8.3%
Median YoY Growth+8.1%
Current Streak3 quarters growth
CapEx at Other Companies
Frequently Asked Questions
- What is HCA Healthcare's capex?
- HCA Healthcare (HCA) reported capex of $1.49B in Q4 2025.
- How has HCA Healthcare's capex changed year-over-year?
- HCA Healthcare's capex increased by 15.9% year-over-year, from $1.29B to $1.49B.
- What is the long-term trend for HCA Healthcare's capex?
- Over 4 years (2021 to 2025), HCA Healthcare's capex has grown at a 8.4% compound annual growth rate (CAGR), from $3.58B to $4.94B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.