Ticker League

FCF Margin for HCA Healthcare (HCA)

As of · Reported

Metric

TTM

10.4%

YoY change

+2.19pp

Trough year (1992)

-4.8%

Peak year (2020)

12.4%

FCF Margin history chart for HCA Healthcare (HCA) from 1990 to 2025

Latest: 10.2%

FCF Margin change chart for HCA Healthcare (HCA) from 1990 to 2025

Latest: +2.19pp

FCF Margin history table for HCA Healthcare (HCA) from 1990 to 2025

  • 202510.2%+2.19pp
  • 20248.0%+0.77pp
  • 20237.2%+0.36pp
  • 20226.9%-2.31pp
  • 20219.2%-3.25pp
  • 202012.4%+5.70pp
  • 20196.7%-0.12pp
  • 20186.8%+1.30pp
  • 20175.5%-1.44pp
  • 20167.0%+1.03pp
  • 20155.9%-0.21pp
  • 20146.2%+1.07pp
  • 20135.1%-1.92pp
  • 20127.0%+0.07pp
  • 20116.9%+1.20pp
  • 20105.7%+0.98pp
  • 20094.8%+4.06pp
  • 20080.7%+0.87pp
  • 2007-0.2%-0.10pp
  • 2006-0.1%-6.49pp
  • 20056.4%-0.13pp
  • 20046.5%+5.03pp
  • 20031.5%-3.73pp
  • 20025.2%+4.99pp
  • 20010.2%-2.11pp
  • 20002.4%+2.74pp
  • 1999-0.4%-3.92pp
  • 19983.5%+3.21pp
  • 19970.3%-5.81pp
  • 19966.1%+2.02pp
  • 19954.1%+1.18pp
  • 19942.9%-1.58pp
  • 19934.5%+9.31pp
  • 1992-4.8%-0.47pp
  • 1991-4.3%-2.83pp
  • 1990-1.5%—

FCF Margin values are taken from HCA Healthcare's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About FCF Margin at HCA Healthcare (HCA)

According to HCA Healthcare's latest reported financial statements, the company's latest reported free cash flow margin is 10.4%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

The 2025 reading of HCA Healthcare (HCA) free cash flow margin is 10.17% – expanded 2.2 percentage points year-over-year.

12.41% stands as the all-time-high annual free cash flow margin, posted in 2020, against a low of -4.81% during 1992.

HCA Healthcare FCF Margin by Year

HCA Healthcare FCF Margin 2025: 10.2%

HCA Healthcare posted free cash flow margin of 10.17% in 2025, expanded 2.2 percentage points from 2024.

HCA Healthcare FCF Margin 2024: 8.0%

In 2024, HCA Healthcare reported free cash flow margin of 7.99%, expanded 0.8 percentage points from 2023.

HCA Healthcare FCF Margin 2023: 7.2%

HCA Healthcare free cash flow margin in 2023 was 7.21%, expanded 0.4 percentage points from 2022.

HCA Healthcare FCF Margin 2022: 6.9%

2022's free cash flow margin for HCA Healthcare came in at 6.85%, contracted 2.3 percentage points from 2021.

HCA Healthcare FCF Margin 2021: 9.2%

HCA Healthcare free cash flow margin in 2021 was 9.16%.

See more financial history for HCA Healthcare (HCA).

Sector peers by FCF Margin

Healthcare peers of HCA Healthcare (HCA), ranked by their latest free cash flow margin

Frequently asked questions

HCA Healthcare (HCA) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview