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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
30%+3.7pp
Universal Health Services logo
Universal Health ServicesUHS
12.9%+1.3pp
Community Health Systems logo
Community Health SystemsCYH
13.1%+4.6pp
Nutex Health Inc. logo
Nutex Health Inc.NUTX
57.2%+8.9pp
Acadia Healthcare logo
Acadia HealthcareACHC
-22.6%-25.6pp

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$88.69B+3.5%
Enterprise value$145.49B+6.8%
P/E13×-1.4×
P/S1.1×0.0×

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

Calculated from HCA Healthcare’s reported figures.

Based on trailing twelve months.

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

Filed
Jul 28, 2026, 4:30 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-321077

FAQ

What is HCA Healthcare's return on invested capital?
HCA Healthcare (HCA) reported return on invested capital of 20.1% in Q2 2026.
How has HCA Healthcare's return on invested capital changed year-over-year?
HCA Healthcare's return on invested capital increased by 1.5% year-over-year, from 19.8% to 20.1%.
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 3.9% compound annual growth rate (CAGR), from 16.9% to 20.4%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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