Last 47 quarters of trend data · Healthcare · Medical - Care Facilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.03 | 12.79 | 16.55 | 14.34 | 15.31 | 14.02 | 13.39 | 13.33 | 20.78 | 14.52 | 14.04 | 11.41 | 15.81 | 17.69 | 13.59 | 8.24 | 11.75 | 10.77 | 15.13 | 11.17 | 8.67 |
| — | -8.8% | +23.5% | +7.6% | -26.3% | -3.5% | -4.6% | +16.8% | +31.4% | -17.9% | +3.3% | +38.5% | +34.5% | +64.2% | -10.2% | -26.2% | +35.6% | -9.1% | +33.1% | +12.2% | -45.8% | |
| P/S Ratio | 1.22 | 1.07 | 1.40 | 1.38 | 1.35 | 1.25 | 1.18 | 1.05 | 1.51 | 1.21 | 1.29 | 1.06 | 1.03 | 1.33 | 1.19 | 1.11 | 0.89 | 0.84 | 1.29 | 1.34 | 1.29 |
| — | -13.8% | +19.3% | +31.7% | -10.7% | +2.7% | -8.7% | -1.2% | +46.8% | -8.9% | +8.5% | -4.1% | +15.6% | +58.5% | -7.8% | -17.8% | -30.9% | -29.5% | +11.4% | +35.4% | +60.1% | |
| P/B Ratio | — | — | — | — | — | — | — | 138.07 | 134.40 | 63.36 | 70.39 | 69.25 | 186.85 | 183.14 | 319.33 | — | — | — | 186.07 | 54.42 | 43.09 |
| — | — | — | — | — | — | — | +99.4% | -28.1% | -65.4% | -78.0% | — | — | — | +71.6% | — | — | — | +614.2% | +177.1% | +30.8% | |
| P/FCF | 12.01 | 19.67 | 29.96 | 30.95 | 8.26 | 7.64 | 32.65 | 15.04 | 11.36 | 30.74 | 16.54 | 12.11 | 12.52 | 17.10 | 30.56 | 14.23 | 7.05 | 22.62 | 39.79 | 16.19 | 14.17 |
| — | +157.6% | -8.2% | +105.8% | -27.3% | -75.2% | +97.4% | +24.1% | -9.2% | +79.7% | -45.9% | -14.9% | +77.6% | -24.4% | -23.2% | -12.1% | -50.2% | +85.4% | +228.4% | — | +194.9% | |
| EV / EBITDA | 9.14 | 8.39 | 10.29 | 9.59 | 9.65 | 9.01 | 8.85 | 8.10 | 11.35 | 8.93 | 9.70 | 7.96 | 9.28 | 10.15 | 8.92 | 8.52 | 7.93 | 7.38 | 9.73 | 9.34 | 8.75 |
| — | -6.9% | +16.3% | +18.4% | -15.0% | +1.0% | -8.7% | +1.7% | +22.4% | -12.0% | +8.8% | -6.6% | +17.0% | +37.4% | -8.3% | -8.7% | -9.4% | -7.4% | +22.3% | +32.0% | +2.4% | |
| EV / EBIT | 11.83 | 10.98 | 13.60 | 12.09 | 12.48 | 11.57 | 11.44 | 11.27 | 15.25 | 11.56 | 11.80 | 10.08 | 12.65 | 13.55 | 11.85 | 7.18 | 10.67 | 10.21 | 12.84 | 9.74 | 7.85 |
| — | -5.2% | +18.8% | +7.3% | -18.2% | +0.2% | -3.0% | +11.8% | +20.5% | -14.7% | -0.4% | +40.4% | +18.6% | +32.7% | -7.7% | -26.3% | +35.9% | +0.2% | +25.6% | +8.7% | -37.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.5% | 15.2% | 15.0% | 41.9% | 41.8% | 41.0% | 41.3% | 41.4% | 39.9% | 41.0% | 84.6% | 85.1% | 85.1% | 84.4% | 84.5% | 84.3% | 84.5% | 84.5% | 84.5% | 84.0% | 83.9% |
| — | -63.0% | -63.7% | +1.1% | +5.0% | -0.1% | -51.2% | -51.3% | -53.2% | -51.4% | +0.2% | +0.9% | +0.7% | -0.1% | -0.0% | +0.4% | +0.7% | +1.2% | +0.5% | +0.7% | -0.2% | |
| Operating Margin | 15.8% | 15.2% | 15.0% | 16.3% | 15.5% | 15.9% | 15.6% | 15.6% | 13.8% | 15.6% | 14.8% | 16.2% | — | 14.5% | 15.6% | 15.6% | 14.3% | 15.5% | 14.7% | 15.8% | 16.2% |
| — | -4.9% | -3.9% | +4.6% | +12.3% | +2.1% | +5.5% | -3.8% | — | +7.7% | -5.4% | +4.0% | — | -6.4% | +6.0% | -1.7% | -11.6% | -10.0% | -11.8% | -7.6% | +63.4% | |
| Net Margin | 9.0% | 8.4% | 8.5% | 9.6% | 8.6% | 8.9% | 8.8% | 7.9% | 7.3% | 8.4% | 9.2% | 9.3% | 6.7% | 7.5% | 8.7% | 13.4% | 7.6% | 7.8% | 8.5% | 12.0% | 14.9% |
| — | -5.5% | -3.5% | +22.4% | +18.1% | +6.4% | -4.2% | -15.3% | +9.1% | +11.0% | +5.0% | -30.8% | -12.1% | -3.5% | +2.6% | +11.5% | -49.0% | -22.4% | -16.3% | +20.7% | +196.0% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | 2752.1% | 214.5% | 119.5% | 112.0% | 136.6% | 226.8% | 263.8% | 344.3% | 1714.5% | — | — | — | 133.8% | 109.5% | 125.5% |
| — | — | — | — | — | — | +1915.2% | -5.4% | -54.7% | -67.5% | -92.0% | — | — | — | +1181.5% | — | — | — | +152.6% | +60.9% | +75.4% | |
| ROA | 11.3% | 2.8% | 2.7% | 3.1% | 2.8% | 2.8% | 2.7% | 2.4% | 2.2% | 2.6% | 2.8% | 2.9% | 2.0% | 2.2% | 2.6% | 4.0% | 2.2% | 2.2% | 2.5% | 3.6% | 4.6% |
| — | +0.6% | -1.7% | +29.0% | +26.7% | +8.4% | -4.0% | -16.7% | +9.0% | +13.9% | +8.5% | -27.6% | -9.3% | +0.8% | +4.8% | +10.7% | -52.6% | -26.8% | -17.7% | +24.9% | +246.6% | |
| ROIC | 19.9% | 5.1% | 4.7% | 5.3% | 5.1% | 5.0% | 4.8% | 4.9% | 4.2% | 4.8% | 4.6% | 5.1% | — | 4.3% | 4.6% | 4.7% | 4.2% | 4.5% | 4.4% | 5.0% | 5.3% |
| — | +1.7% | -3.5% | +8.0% | +21.2% | +4.1% | +5.6% | -3.2% | — | +11.7% | -0.9% | +8.1% | — | -4.9% | +3.8% | -5.9% | -20.8% | -16.0% | -13.2% | -16.4% | +49.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 81.51 | 57.11 | 31.94 | 33.15 | 39.49 | 115.19 | 88.37 | 174.88 | — | — | — | 95.38 | 24.66 | 18.65 |
| — | — | — | — | — | — | — | +106.4% | -50.4% | -63.9% | -81.0% | — | — | — | +83.4% | — | — | — | +621.7% | +115.8% | -25.7% | |
| Debt / EBITDA | 3.24 | 12.16 | 13.14 | 12.28 | 12.03 | 12.11 | 12.50 | 12.22 | 13.80 | 12.05 | 12.55 | 11.66 | 14.27 | 13.30 | 12.72 | 12.71 | 13.65 | 13.41 | 13.46 | 11.79 | 10.67 |
| — | +0.5% | +5.1% | +0.5% | -12.9% | +0.5% | -0.4% | +4.8% | -3.3% | -9.4% | -1.3% | -8.3% | +4.5% | -0.9% | -5.5% | +7.8% | +27.9% | +24.9% | +24.4% | +11.0% | -34.1% | |
| Current Ratio | 0.83 | 0.78 | 0.83 | 0.83 | 0.85 | 0.98 | 1.19 | 1.08 | 1.12 | 1.06 | 1.16 | 1.18 | 1.15 | 1.20 | 1.23 | 1.38 | 1.38 | 1.55 | 1.43 | 1.41 | 1.38 |
| — | -20.0% | -30.1% | -23.3% | -23.6% | -8.0% | +2.6% | -8.3% | -2.9% | -11.8% | -5.3% | -14.4% | -16.4% | -22.3% | -13.9% | -2.5% | +0.1% | +7.0% | +2.4% | -0.3% | +21.7% | |
| Quick Ratio | 0.73 | 0.69 | 0.75 | 0.73 | 0.76 | 0.86 | 1.06 | 0.97 | 1.00 | 0.94 | 1.02 | 1.02 | 0.99 | 1.03 | 1.04 | 1.17 | 1.17 | 1.32 | 1.24 | 1.21 | 1.17 |
| — | -19.6% | -29.7% | -24.7% | -24.2% | -7.6% | +4.2% | -5.2% | +1.1% | -8.8% | -2.0% | -12.8% | -15.7% | -22.4% | -16.0% | -3.1% | +0.5% | +9.0% | +7.2% | +1.8% | +17.2% | |
| Interest Coverage | 5.37 | 5.12 | 4.92 | 5.67 | 5.31 | 5.25 | 5.25 | 5.04 | 4.70 | 5.42 | 5.39 | 5.78 | 4.37 | 4.73 | 5.01 | 8.25 | 4.82 | 5.08 | 5.47 | 7.67 | 9.16 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying HCA stock.
HCA Healthcare, Inc.'s current P/E is 15.0x. The average P/E over the last 4 quarters is 14.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
HCA Healthcare, Inc.'s current operating margin is 15.8%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking HCA Healthcare, Inc.'s business trajectory between earnings reports.