HCA Healthcare income statement
In fiscal 2025, HCA Healthcare reported revenue of $75.60bn, up 7.1% on the year before and net income of $6.78bn, or $28.33 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 41.5 | 43.6 | 46.7 | 51.3 | 51.5 | 58.8 | 60.2 | 65.0 | 70.6 | 75.6 | 78.7 |
| General and administrative | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 |
| Interest expense | 1.7 | 1.7 | 1.8 | 1.8 | 1.6 | 1.6 | 1.7 | 1.9 | 2.1 | 2.2 | 2.4 |
| Income before tax | 4.8 | 4.4 | 5.3 | 5.2 | 5.4 | 9.8 | 8.6 | 7.7 | 8.5 | 9.8 | 9.8 |
| Income tax | 1.4 | 1.6 | 0.9 | 1.1 | 1.0 | 2.1 | 1.7 | 1.6 | 1.9 | 2.1 | 2.0 |
| Net income | 2.9 | 2.2 | 3.8 | 3.5 | 3.8 | 7.0 | 5.6 | 5.2 | 5.8 | 6.8 | 6.8 |
| Diluted EPS | $7.30 | $5.95 | $10.66 | $10.07 | $10.93 | $21.16 | $19.15 | $18.97 | $22.00 | $28.33 | $30.21 |
| Diluted shares (average) | 396m | 372m | 355m | 348m | 344m | 329m | 295m | 276m | 262m | 239m | 224m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.3 | 18.3 | 18.6 | 19.2 | 19.5 | 19.1 | 20.2 | 19.8 |
| General and administrative | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 |
| Interest expense | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 |
| Income before tax | 2.1 | 2.3 | 2.4 | 2.4 | 2.7 | 2.3 | 2.5 | 2.4 |
| Income tax | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.6 | 0.5 |
| Net income | 1.4 | 1.6 | 1.7 | 1.6 | 1.9 | 1.6 | 1.7 | 1.6 |
| Diluted EPS | $5.63 | $6.45 | $6.83 | $6.96 | $8.10 | $7.15 | $7.62 | $7.27 |
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