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HCA Healthcare HCA Return on invested capital

Return on invested capital at other companies

Humana logo
HumanaHUM
15.9%-9.7pp
Tenet Healthcare logo
Tenet HealthcareTHC
26.1%+0.7pp
BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
7.2%+3.2pp
Cencora logo
CencoraCOR
21.2%-19.2pp
CVS Health logo
CVS HealthCVS
7.1%-1.2pp
Healthpeak Properties logo
Healthpeak PropertiesDOC

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 return on invested capital?
HCA Healthcare (HCA) reported return on invested capital of 22.8% in Q1 2026.
How has HCA Healthcare's return on invested capital changed year-over-year?
HCA Healthcare's return on invested capital increased by 11.3% year-over-year, from 20.5% to 22.8%.
What is the long-term trend for HCA Healthcare's return on invested capital?
Over 5 years (2020 to 2025), HCA Healthcare's return on invested capital has grown at a 3.3% compound annual growth rate (CAGR), from 17.4% to 20.4%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.