Capital Expenditures for HCA Healthcare (HCA)
According to HCA Healthcare's latest reported financial statements, the company's current capital expenditures (TTM) is $5.07B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
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Latest period
$5.07B
YoY change
+1.4%
5Y CAGR
+11.8%
Peak year (2025)
$4.94B
Cumulative capital expenditures
$74.52B
CapEx history chart for HCA Healthcare (HCA) from 1990 to 2025
CapEx history table for HCA Healthcare (HCA) from 1990 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $4.94B | +1.4% | ||
| 2024 | $4.88B | +2.8% | ||
| 2023 | $4.74B | +7.9% | ||
| 2022 | $4.39B | +22.9% | ||
| 2021 | $3.58B | +26.2% | ||
| 2020 | $2.83B | -31.8% | ||
| 2019 | $4.16B | +16.4% | ||
| 2018 | $3.57B | +18.5% | ||
| 2017 | $3.02B | +9.2% | ||
| 2016 | $2.76B | +16.2% | ||
| 2015 | $2.38B | +9.1% | ||
| 2014 | $2.18B | +12.0% | ||
| 2013 | $1.94B | +4.4% | ||
| 2012 | $1.86B | +10.9% | ||
| 2011 | $1.68B | +26.7% | ||
| 2010 | $1.32B | +0.6% | ||
| 2009 | $1.32B | -17.7% | ||
| 2008 | $1.60B | +10.8% | ||
| 2007 | $1.44B | -22.6% | ||
| 2006 | $1.86B | +17.1% | ||
| 2005 | $1.59B | +5.2% | ||
| 2004 | $1.51B | -17.7% | ||
| 2003 | $1.84B | +7.0% | ||
| 2002 | $1.72B | +25.4% | ||
| 2001 | $1.37B | +18.6% | ||
| 2000 | $1.16B | -10.3% | ||
| 1999 | $1.29B | +2.5% | ||
| 1998 | $1.25B | -11.7% | ||
| 1997 | $1.42B | +1.6% | ||
| 1996 | $1.40B | -8.3% | ||
| 1995 | $1.53B | +56.6% | ||
| 1994 | $975.00M | +16.6% | ||
| 1993 | $836.00M | +708.5% | ||
| 1992 | $103.40M | +125.8% | ||
| 1991 | $45.80M | +153.0% | ||
| 1990 | $18.10M | — |
CapEx values are taken from HCA Healthcare's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
HCA Healthcare (HCA) most recent annual capital expenditures stands at $4.94B (2025) – edged up 1.4% year-over-year.
HCA Healthcare capital expenditures compound annual growth for the 2020–2025 (5 years) window is +11.8%, sustaining 5 straight years of year-over-year growth.
2025 marks the peak capital expenditures at $4.94B, with the historical low of $18.10M recorded in 1990.
Within Healthcare, HCA Healthcare (HCA) ranks 3rd among 8 peers we track. The peer median for capital expenditures is $3.87B.
HCA Healthcare Capital Expenditures by Year
HCA Healthcare Capital Expenditures 2025: $4.94B
HCA Healthcare capital expenditures in 2025 was $4.94B, edged up 1.4% from 2024. This figure represents the highest annual value in the available history.
HCA Healthcare Capital Expenditures 2024: $4.88B
HCA Healthcare capital expenditures in 2024 was $4.88B, edged up 2.8% from 2023.
HCA Healthcare Capital Expenditures 2023: $4.74B
HCA Healthcare capital expenditures in 2023 was $4.74B, grew 7.9% from 2022.
HCA Healthcare Capital Expenditures 2022: $4.39B
HCA Healthcare capital expenditures in 2022 was $4.39B, grew 22.9% from 2021.
HCA Healthcare Capital Expenditures 2021: $3.58B
HCA Healthcare capital expenditures in 2021 was $3.58B.
See more financial history for HCA Healthcare (HCA).
Sector peers — CapEx
Companies in the same sector as HCA Healthcare, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Novo Nordisk A/S (NVO) | $90.11B | Healthcare |
| Eli Lilly and Company (LLY) | $7.84B | Healthcare |
| Johnson & Johnson (JNJ) | $4.83B | Healthcare |
| Merck & Co., Inc. (MRK) | $4.11B | Healthcare |
| UnitedHealth Group Incorporated (UNH) | $3.62B | Healthcare |
| AstraZeneca PLC (AZN) | $2.81B | Healthcare |
| Amgen Inc. (AMGN) | $1.86B | Healthcare |
| AbbVie Inc. (ABBV) | $1.21B | Healthcare |
Frequently asked questions
What is HCA Healthcare's capital expenditures?
- Latest reported capital expenditures for HCA Healthcare (HCA) is $5.07B (period ending March 31, 2026).
How has HCA Healthcare capital expenditures changed year-over-year?
- HCA Healthcare (HCA) capital expenditures changed +1.4% year-over-year on the latest annual filing.
What is the long-term growth rate of HCA Healthcare capital expenditures?
- HCA Healthcare (HCA) capital expenditures compound annual growth rate is +11.8% over the most recent 5 years available.
When did HCA Healthcare capital expenditures hit its highest annual value?
- HCA Healthcare capital expenditures reached its highest annual value of $4.94B in 2025.
What was HCA Healthcare capital expenditures in 2024?
- HCA Healthcare (HCA) capital expenditures in 2024 was $4.88B.
What was HCA Healthcare capital expenditures in 2025?
- HCA Healthcare (HCA) capital expenditures in 2025 was $4.94B.
Metrics overview
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