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HCA Healthcare HCA Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

Tenet Healthcare logo
Tenet HealthcareTHC
$148M0.0%
Encompass Health Corporation logo
Encompass Health CorporationEHC
$1.3M
Tenet Healthcare logo
Tenet HealthcareTHC
$135M+17.4%
Tenet Healthcare logo
Tenet HealthcareTHC
$143M-27.8%
American Healthcare REIT logo
American Healthcare REITAHR
$5.07B+34.4%
American Healthcare REIT logo
American Healthcare REITAHR

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.

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 invested capital?
HCA Healthcare (HCA) reported invested capital of $42.6B in Q1 2026.
How has HCA Healthcare's invested capital changed year-over-year?
HCA Healthcare's invested capital increased by 1.8% year-over-year, from $41.86B to $42.6B.
What is the long-term trend for HCA Healthcare's invested capital?
Over 5 years (2020 to 2025), HCA Healthcare's invested capital has grown at a 7.8% compound annual growth rate (CAGR), from $32.46B to $47.28B.
What does invested capital mean?
The capital — debt plus equity, net of idle cash — that funds the operating business.
How do you interpret invested capital?
A level, read mainly through ROIC (NOPAT ÷ invested capital). Growing invested capital is only good if returns on it stay above the cost of capital.
How does invested capital compare across companies?
Used as the base for ROIC; the definition is sector-sensitive, so banks and insurers are best excluded.