TTM
34.9%
YoY change
+0.88pp
Trough year (2021)
38.3%
Peak year (2009)
83.8%
Latest annual
41.5%
Gross Margin history chart for HCA Healthcare (HCA) from 1990 to 2025
Latest: 41.5%
Gross Margin change chart for HCA Healthcare (HCA) from 1990 to 2025
Latest: +0.88pp
Gross Margin history table for HCA Healthcare (HCA) from 1990 to 2025
| 2025 | 41.5% | +0.88pp | ||
| 2024 | 40.6% | +1.25pp | ||
| 2023 | 39.4% | +0.89pp | ||
| 2022 | 38.5% | +0.20pp | ||
| 2021 | 38.3% | -45.48pp | ||
| 2020 | 83.8% | +0.28pp | ||
| 2019 | 83.5% | +0.03pp | ||
| 2018 | 83.5% | +0.23pp | ||
| 2017 | 83.2% | -0.06pp | ||
| 2016 | 83.3% | +0.02pp | ||
| 2015 | 83.3% | +0.23pp | ||
| 2014 | 83.0% | +0.50pp | ||
| 2013 | 82.5% | -0.15pp | ||
| 2012 | 82.7% | +7.30pp | ||
| 2011 | 75.4% | +0.18pp | ||
| 2010 | 75.2% | -8.60pp | ||
| 2009 | 83.8% | +0.08pp | ||
| 2008 | 83.7% | +0.08pp | ||
| 2007 | 83.6% | +0.60pp | ||
| 2006 | 83.0% | -0.09pp | ||
| 2005 | 83.1% | -0.27pp | ||
| 2004 | 83.4% | — | ||
| 1996 | 56.5% | -2.28pp | ||
| 1995 | 58.8% | — | ||
| 1993 | 65.7% | -3.99pp | ||
| 1992 | 69.7% | -0.92pp | ||
| 1991 | 70.7% | +0.47pp | ||
| 1990 | 70.2% | — |
- 202541.5%+0.88pp
- 202440.6%+1.25pp
- 202339.4%+0.89pp
- 202238.5%+0.20pp
- 202138.3%-45.48pp
- 202083.8%+0.28pp
- 201983.5%+0.03pp
- 201883.5%+0.23pp
- 201783.2%-0.06pp
- 201683.3%+0.02pp
- 201583.3%+0.23pp
- 201483.0%+0.50pp
- 201382.5%-0.15pp
- 201282.7%+7.30pp
- 201175.4%+0.18pp
- 201075.2%-8.60pp
- 200983.8%+0.08pp
- 200883.7%+0.08pp
- 200783.6%+0.60pp
- 200683.0%-0.09pp
- 200583.1%-0.27pp
- 200483.4%—
- 199656.5%-2.28pp
- 199558.8%—
- 199365.7%-3.99pp
- 199269.7%-0.92pp
- 199170.7%+0.47pp
- 199070.2%—
Gross 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 Gross Margin at HCA Healthcare (HCA)
According to HCA Healthcare's latest reported financial statements, the company's latest reported gross margin is 34.9%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
HCA Healthcare (HCA) most recent annual gross margin stands at 41.50% (2025) – expanded 0.9 percentage points year-over-year.
Across the available history, gross margin reached its high of 83.80% in 2009 and its low of 38.28% in 2021.
HCA Healthcare Gross Margin by Year
HCA Healthcare Gross Margin 2025: 41.5%
2025's gross margin for HCA Healthcare came in at 41.50%, expanded 0.9 percentage points from 2024.
HCA Healthcare Gross Margin 2024: 40.6%
HCA Healthcare posted gross margin of 40.62% in 2024, expanded 1.2 percentage points from 2023.
HCA Healthcare Gross Margin 2023: 39.4%
In 2023, HCA Healthcare reported gross margin of 39.37%, expanded 0.9 percentage points from 2022.
HCA Healthcare Gross Margin 2022: 38.5%
HCA Healthcare gross margin in 2022 was 38.48%, expanded 0.2 percentage points from 2021.
HCA Healthcare Gross Margin 2021: 38.3%
HCA Healthcare gross margin in 2021 was 38.28%.
See more financial history for HCA Healthcare (HCA).
Sector peers by Gross Margin
Healthcare peers of HCA Healthcare (HCA), ranked by their latest gross margin
| 83.5% | |
| 81.8% | |
| 81.7% | |
| 75.9% | |
| 71.5% | |
| 70.7% | |
| 70.0% | |
| 18.8% |
- 83.5%
- 81.8%
- 81.7%
- 75.9%
- 71.5%
- 70.7%
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