Non-Current Assets
Construction in progress
HCA Healthcare Construction in progress increased by 15.4% to $2.15B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 15.4%, from $1.86B to $2.15B. Over 5 years (FY 2020 to FY 2025), Construction in progress shows an upward trend with a 7.5% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ4 2014
Last reportedQ4 2025Feb 10, 2026
Parent metricPP&E (Net)
How to read this metric
High levels suggest significant ongoing investment in future growth, while a sudden drop may indicate project completion or a shift in capital strategy.
Detailed definition
This represents the accumulated costs for capital projects that are currently under development and have not yet been pl...
Peer comparison
This metric is highly variable depending on the company's current development cycle and expansion strategy.
Metric ID:
ppe_construction_in_progressHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $1.39B | $1.76B | $1.87B | $1.86B | $2.15B |
| QoQ Change | — | +26.6% | +6.5% | -0.6% | +15.4% |
| YoY Change | — | +26.6% | +6.5% | -0.6% | +15.4% |
| % of PP&E (Net) | 5.8% | 6.9% | 6.7% | 6.3% | 6.9% |
| Share Change | — | +1.1pp | -0.1pp | -0.4pp | +0.6pp |
Range$1.39B – $2.15B
CAGR+54.7%
Avg YoY Growth+12.0%
Median YoY Growth+11.0%
Construction in progress at Other Companies
Frequently Asked Questions
- What is HCA Healthcare's construction in progress?
- HCA Healthcare (HCA) reported construction in progress of $2.15B in Q4 2025.
- How has HCA Healthcare's construction in progress changed year-over-year?
- HCA Healthcare's construction in progress increased by 15.4% year-over-year, from $1.86B to $2.15B.
- What is the long-term trend for HCA Healthcare's construction in progress?
- Over 5 years (2020 to 2025), HCA Healthcare's construction in progress has grown at a 7.5% compound annual growth rate (CAGR), from $1.5B to $2.15B.
- What does construction in progress mean?
- Costs for capital projects currently under construction but not yet operational.