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HCA Healthcare HCA Equity Method Investments

Equity Method Investments at other companies

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HumanaHUM
$627M-1.4%
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Surgery Partners, Inc.SGRY
$226.9M+3.0%
ARD
Ardent Health PartnersARDT
$18.8M
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National HealthcareNHC
$44.78M+22.0%
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PACS Group logo
PACS GroupPACS
$29.82M-16.2%

Other financials

Income statement

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Revenue$20.2B+8.7%
Net income$1.7B+2.8%
EPS (diluted)$7.62+11.6%

Balance sheet

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Cash & equivalents$1.0B+7.9%
Total debt$57.8B+12.3%
Total equity-$6.6B-51.2%
Total assets$63.3B+6.2%

Cash flow

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Operating cash flow$2.3B-44.5%
CapEx$1.2B+4.7%
Free cash flow$1.1B-63.6%

Valuation

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Market cap$89.64B0.0%
Enterprise value$146.44B+4.5%
P/E13.1×-1.9×
P/S1.2×-0.1×

Profitability

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Net margin8.8%+0.6pp
FCF margin7.7%-2.3pp

Returns & leverage

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Return on equity-124%
Debt / equity132.8×
Current ratio0.0×

Where this comes from

Reported directly by HCA Healthcare in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The source filing: HCA Healthcare’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 4:30 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-321077
Line itemJune 30,2026December 31,2025
Accumulated depreciation(36,593)(35,134)
31,81631,141
Investments of insurance subsidiaries402485
Investments in and advances to affiliates813633
Goodwill and other intangible assets10,66210,293
Right-of-use operating lease assets2,1092,130
Other258255
$63,250$60,720

Cover / Front Matter

FAQ

What is HCA Healthcare's equity method investments?
HCA Healthcare (HCA) reported equity method investments of $813M in Q2 2026.
How has HCA Healthcare's equity method investments changed year-over-year?
HCA Healthcare's equity method investments increased by 24.3% year-over-year, from $654M to $813M.
What is the long-term trend for HCA Healthcare's equity method investments?
Over 5 years (2020 to 2025), HCA Healthcare's equity method investments has grown at a 8.4% compound annual growth rate (CAGR), from $422M to $633M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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