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DVADaVita Inc.
$183.14$11.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
DVA logo

DaVita Inc.

DVA
NYSE · Healthcare Facilities
$183.14
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$11.76B
P/E19.3x
52W High$247.49
Volume542.99K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Leverage Creep Masks Strong Cash Conversion

DaVita's stable revenue growth of 5.2% YoY in Q2 2026 and robust cash conversion (cumulative OCF of $4.72B vs. net income of $2.15B over ten quarters) underscore operational resilience, yet the balance sheet remains strained with negative equity of -$765.1M an...

GrowthStable
ProfitabilityStrong
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

DVA price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-24% Peers

P/E is 24% below peer median

03

Market leadership

RS 65 · Avg

Average momentum (RS Rating: 65)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue grew 5.2% YoY to $3.6B in Q2 2026 with gross margin expanding to 32.7%, while EPS surged 55.8% to $4.02, driven by buybacks and favorable tax items.

Analyst Consensus+28.7% target
Hold(23 analysts)
10 Buy12 Hold1 Sell

The Bull Case

Upside Catalysts

Improving mortality rates

The bullish thesis highlights improving mortality rates as a key driver for DaVita's growth and sustainability in dialysis services.

Organic volume growth

The company has potential for sustained organic volume growth, supporting long-term revenue expansion.

Durable growth outlook

2026 outlook exceeded Street expectations, shifting the narrative from recovery to durable growth, reinforcing investor confidence.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
DVA+59.93%
S&P 500 (^GSPC)+12.39%
1-Year Return
DVA+37.88%
S&P 500 (^GSPC)+15.77%
3-Year Return
DVA+85.76%
S&P 500 (^GSPC)+77.29%
5-Year Return
DVA+49.99%
S&P 500 (^GSPC)+71.35%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
19.3x
Forward P/EExpansion
12.3x
EV/EBITDA80th %ile
9.6x
FCF YieldCash Flow
11.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
19.3x
13.1x
100th· High
EV/EBITDA
9.6x
8.9x
80th· High
Price/FCF
9.0x
7.6x
80th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$399.31+118.0%
Base (Fair)$850.70+362.7%
Bull$952.91+420.3%
$399.31 Bear$850.70 Base$952.91 Bull
Current Market Price: $183.14
Trades at a 78.5% discount to Base DCF ($850.70)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$13.64B+6.5% YoY
Net income
$747M-20.2% YoY
Free cash flow
$1.31B-10.6% YoY
Operating margin
14.7%-1.6 pts YoY
ROIC (TTM)10.5%
Avg ROIC 5Y-
ROE (TTM)46%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$4.02+3.6%
vs $3.88
$3.6B+1.7%
vs $3.5B
Q2 2026
May 5, 2026
$2.87+19.1%
vs $2.41
$3.4B+1.8%
vs $3.4B
Q1 2026
Feb 2, 2026
$3.40+4.9%
vs $3.24
$3.6B+3.2%
vs $3.5B
Q4 2025
Oct 29, 2025
$2.51-20.8%
vs $3.17
$3.4B-0.2%
vs $3.4B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
MarketBeat·3d ago
3 Surging Stocks That Don't Need the AI Boom to Keep Winning

With AI companies—and related chip stocks—driving much of the market's performance this year, it's understandable that some investors are hesitant to put all their trust in a burgeoning industry, no matter how much momentum it seems to have. Fortunately, a number of non-AI stocks have stood out for their strong performance throughout the first part of 2026.

Zacks Investment Research·Sep 16, 2026
DaVita HealthCare (DVA) Advances While Market Declines: Some Information for Investors

DaVita HealthCare (DVA) closed the most recent trading day at $193.86, moving +1.55% from the previous trading session.

Benzinga·Sep 16, 2026
Warren Buffett, Donald Trump Bet on Same 17 Stocks — Some Might Surprise You

President Donald Trump has disclosed over 20,000 stock trades made over the past 12 months. The trades, which the White House says Trump has no knowledge of, span a wide range of sectors and dollar amounts.

GuruFocus·Sep 14, 2026
A Look at DaVita Inc (DVA) After 4.3% Gain -- GF Value $195.67 vs Price $189.32

On September 14, 2026, DaVita Inc (DVA) shares rose 4.3% to $189.32, reflecting strong momentum as the stock trades within a 52-week range of $101.00 to $247.49

Filtered for DaVita Inc.More Headlines
04

Compare before deciding

Benchmark DVA against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for DaVita Inc. (DVA)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
DVA logoDVADaVita Inc.Current
$183.14$11.76B19.266.46%5.47%45.96%—
FMS logoFMSFresenius Medical Care AG & Co. KGaA
$22.41$12.04B11.721.51%4.83%6.71%—
FXNC logoFXNCFirst National Corporation
$29.40$265.8M15.0033.46%18.47%11.57%—
UNH logoUNHUnitedHealth Group Incorporated
$371.29$337.18B28.0611.81%3.14%13.49%—
HUM logoHUMHumana Inc.
$374.80$45B38.0910.06%0.88%6.89%—
CNC logoCNCCentene Corp.
$62.07$30.66B-4.5619.44%-2.63%-23.94%—

Compare DVA vs Peers

DaVita Inc. (DVA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FMS

Most directly comparable listed peer for DVA.

Scale Benchmark

vs UNH

Larger-name benchmark to compare DVA against a more recognizable public peer.

Peer Set

Compare Top 5

vs FMS, FXNC, UNH, HUM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

DVA SEC Filings & Documents

DaVita Inc. (DVA) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jun 8, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 13, 2025·SEC

FY 2024

Feb 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 4, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

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DVA Frequently Asked Questions

DaVita Inc. (DVA) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is DaVita Inc.'s revenue?

DaVita Inc. (DVA) reported $14.01B in revenue for fiscal year 2025. This represents a 5034% increase from $272.9M in 1996.

How fast is DaVita Inc. growing?

DaVita Inc. (DVA) grew revenue by 6.5% over the past year. This is steady growth.

Is DVA profitable?

Yes, DaVita Inc. (DVA) is profitable, generating $847.5M in net income for fiscal year 2025 (5.5% net margin).

Dividend & Returns
What is DVA's return on equity?

DaVita Inc. (DVA) has a return on equity (ROE) of 46.0%. This is excellent, indicating efficient use of shareholder capital.

What is DaVita Inc.'s free cash flow?

DaVita Inc. (DVA) generated $1.61B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in DVA back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →