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HCA Healthcare HCA Free cash flow margin

Free cash flow margin at other companies

Tenet Healthcare logo
Tenet HealthcareTHC
15.6%
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
3%
Cencora logo
CencoraCOR
1.1%+1.0pp
CVS Health logo
CVS HealthCVS
1.8%
Centene logo
CenteneCNC
3.6%+2.7pp
Welltower logo
WelltowerWELL
15.9%-1.4pp

Other financials

Income statement

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Revenue$19.1B+4.3%
Net income$1.6B+0.6%
EPS (diluted)$7.15+10.9%

Balance sheet

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Cash & equivalents$940.0M-11.3%
Total debt$49.8B+7.3%
Total equity-$6.3B-79.1%
Total assets$61.5B+2.8%

Cash flow

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Operating cash flow$2.0B+22.0%
CapEx$1.1B+12.9%
Free cash flow$895.0M+35.6%

Valuation

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Market cap$83.23B+24.4%
Enterprise value$132.13B+18.6%
P/E12.3×+0.7×
P/S1.1×+0.2×

Profitability

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Net margin8.9%+0.8pp

Returns & leverage

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Return on equity-138.3%
Debt / equity132.8×
Current ratio0.8×-0.4×

Where this comes from

Calculated from HCA Healthcare’s reported figures.

Based on trailing twelve months.

The official record: HCA Healthcare’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HCA Healthcare's free cash flow margin?
HCA Healthcare (HCA) reported free cash flow margin of 10.4% in Q1 2026.
How has HCA Healthcare's free cash flow margin changed year-over-year?
HCA Healthcare's free cash flow margin increased by 50.1% year-over-year, from 6.9% to 10.4%.
What is the long-term trend for HCA Healthcare's free cash flow margin?
Over 4 years (2021 to 2025), HCA Healthcare's free cash flow margin has grown at a 2.7% compound annual growth rate (CAGR), from 9.2% to 10.2%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.