Income StatementBalance SheetCash FlowSegments
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HCA Healthcare Business Segments

Business, geographic, and product segment breakdowns

HCA Healthcare generates $76.4B in annual revenue across 4 key segments: American Group ($26.7B), Atlantic Group ($24.9B), Corporate And Other ($3.3B), and National Group ($21.5B). Based on the Q1 2026 filing.

American Group (TTM)$26.7BAtlantic Group (TTM)$24.9BCorporate And Other (TTM)$3.3BNational Group (TTM)$21.5B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$87.4B
P/E Ratio12.87
ROE-138.34%

Products & Services

Revenues From Third Party Payers

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Managed Care And Other Insurers$9.4B$9.0B$9.1B$9.3B$9.5B$9.1B
Managed Medicare$3.1B$3.3B$3.4B$3.3B$3.5B$3.5B
Medicare$2.7B$2.9B$2.8B$2.7B$2.8B$3.1B
Medicaid$1.4B$1.2B$1.4B$1.8B$1.5B$1.4B
Managed Medicaid$938.0M$879.0M$899.0M$949.0M$966.0M$939.0M
International$430.0M$445.0M$461.0M$484.0M$474.0M$499.0M

Revenues From Third Party Payers Ratio

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Managed Care And Other Insurers—49.4%49.1%48.4%0.7%47.5%
Managed Medicare0.8%18.0%18.0%17.3%—18.4%
Medicare—15.8%15.1%14.2%0.3%16.0%
Medicaid1.5%6.5%7.7%9.3%—7.6%
Managed Medicaid—4.8%4.8%4.9%0.7%4.9%
International0.1%2.4%2.5%2.5%—2.6%

Other Revenues Ratio

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product And Service Other—3.1%2.8%3.4%0.5%3.0%

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Product And Service Other$356.0M$572.0M$526.0M$644.0M$716.0M$577.0M

Business Segments

Adjusted Income Loss From Continuing Operations Before Income Taxes Depreciation And Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Atlantic Group$1.2B$1.5B$1.4B$1.3B$1.5B$1.4B
American Group$1.6B$1.4B$1.6B$1.6B$1.7B$1.4B
National Group$1.2B$1.1B$1.3B$1.3B$1.4B$1.3B

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$20.7B$20.6B$20.9B$20.9B$21.2B$21.3B
Atlantic Group$17.2B$17.7B$17.4B$17.6B$17.9B$18.7B
National Group$12.9B$13.4B$13.1B$13.3B$13.6B$13.6B
Corporate And Other$8.8B$8.1B$8.1B$8.0B$8.0B$7.9B

D&A

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Atlantic Group$271.0M$274.0M$275.0M$281.0M$292.0M$298.0M
American Group$284.0M$279.0M$277.0M$283.0M$292.0M$295.0M
National Group$220.0M$226.0M$223.0M$226.0M$230.0M$236.0M
Corporate And Other$81.0M$81.0M$88.0M$99.0M$97.0M$101.0M

Foreign Currency Translation Amortization And Other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$750.0K$250.0K$250.0K$250.0K$250.0K—
Atlantic Group-$250.0K$0.0$0.0$0.0$0.0—
Corporate And Other-$5.0M$1.3M$1.3M$1.3M$1.3M—
National Group-$1.0M-$6.0M-$6.0M-$6.0M-$6.0M—

Goodwill And Other Intangible Assets Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$26.3M$25.3M$25.3M$25.3M$25.3M—
Atlantic Group$15.3M$22.5M$22.5M$22.5M$22.5M—
Corporate And Other$1.0M$1.5M$1.5M$1.5M$1.5M—
National Group$0.0$5.3M$5.3M$5.3M$5.3M—

Income Loss From Equity Method Investments

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$13.0M$14.0M$17.0M$16.0M$21.0M$15.0M
Atlantic Group$1.0M$1.0M$1.0M$1.0M$0.0$1.0M
National Group$0.0$0.0—$1.0M—$0.0

Intangible Assets Net Including Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$5.6B———$5.7B—
Atlantic Group$2.1B———$2.2B—
Corporate And Other$1.1B———$1.2B—
National Group$1.2B———$1.2B—

Labor And Related Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Atlantic Group$2.2B$2.2B$2.2B$2.3B$2.3B$2.3B
American Group$2.2B$2.2B$2.2B$2.3B$2.3B$2.3B
National Group$1.9B$2.0B$1.9B$2.0B$2.0B$2.0B

Number Of Owned And Operated Hospitals

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group6500.0%6600.0%6600.0%6600.0%6600.0%6600.0%
Atlantic Group6200.0%6300.0%6300.0%6300.0%6300.0%6300.0%
National Group5500.0%5500.0%5400.0%5400.0%5300.0%5300.0%
Corporate And Other800.0%800.0%800.0%800.0%800.0%700.0%

Operating Expenses Excluding Depreciation And Amortization Interest Expense Losses Gains On Sales Of Facilities Losses On Retirement Of Debt

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$4.9B$4.9B$4.9B$5.1B$5.2B$5.2B
Atlantic Group$4.7B$4.7B$4.8B$4.8B$4.8B$4.9B
National Group$3.8B$3.9B$3.9B$4.2B$4.1B$4.1B

Other Cost And Expense Operating

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$1.7B$1.7B$1.6B$1.8B$1.8B$1.8B
Atlantic Group$1.6B$1.6B$1.6B$1.6B$1.6B$1.7B
National Group$1.2B$1.2B$1.3B$1.5B$1.4B$1.3B

Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$6.6B$6.3B$6.5B$6.7B$6.9B$6.6B
Atlantic Group$6.0B$6.2B$6.1B$6.1B$6.3B$6.4B
National Group$5.0B$5.1B$5.2B$5.5B$5.5B$5.3B
Corporate And Other$737.0M$758.0M$790.0M$806.0M$814.0M$859.0M

Supplies Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
American Group$1.1B$1.0B$1.1B$1.1B$1.1B$1.1B
Atlantic Group$902.0M$914.0M$935.0M$889.0M$951.0M$944.0M
National Group$718.0M$741.0M$755.0M$742.0M$805.0M$763.0M