Ticker League

Operating Margin for HCA Healthcare (HCA)

As of · Reported

Metric

TTM

15.7%

YoY change

+0.89pp

Trough year (1991)

4.3%

Peak year (2000)

99.3%

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

Latest: 15.8%

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

Latest: +0.89pp

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

  • 202515.8%+0.89pp
  • 202414.9%+0.12pp
  • 202314.8%-0.21pp
  • 202215.0%-1.44pp
  • 202116.5%+2.38pp
  • 202014.1%+0.03pp
  • 201914.1%-0.17pp
  • 201814.2%+0.34pp
  • 201713.9%-1.05pp
  • 201614.9%-0.09pp
  • 201515.0%-0.04pp
  • 201415.1%+1.05pp
  • 201314.0%-0.57pp
  • 201214.6%+1.24pp
  • 201113.3%-0.23pp
  • 201013.6%+0.93pp
  • 200912.6%+2.30pp
  • 200810.3%-0.65pp
  • 200711.0%-0.14pp
  • 200611.1%-0.74pp
  • 200511.9%+0.32pp
  • 200411.6%-1.27pp
  • 200312.8%+2.44pp
  • 200210.4%-2.01pp
  • 200112.4%-86.90pp
  • 200099.3%+0.62pp
  • 199998.7%+8.26pp
  • 199890.4%+84.20pp
  • 19976.2%-8.33pp
  • 199614.6%-0.39pp
  • 199514.9%+1.40pp
  • 199413.5%+0.05pp
  • 199313.5%+8.14pp
  • 19925.4%+1.06pp
  • 19914.3%-2.01pp
  • 19906.3%—

Operating 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 Operating Margin at HCA Healthcare (HCA)

According to HCA Healthcare's latest reported financial statements, the company's latest reported operating margin is 15.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

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

2025's annual operating margin for HCA Healthcare (HCA) came in at 15.83% – expanded 0.9 percentage points year-over-year.

The highest annual operating margin of 99.30% was reported in 2000. The lowest in the available history was 4.30% in 1991.

HCA Healthcare Operating Margin by Year

HCA Healthcare Operating Margin 2025: 15.8%

HCA Healthcare posted operating margin of 15.83% in 2025, expanded 0.9 percentage points from 2024.

HCA Healthcare Operating Margin 2024: 14.9%

In 2024, HCA Healthcare reported operating margin of 14.94%, expanded 0.1 percentage points from 2023.

HCA Healthcare Operating Margin 2023: 14.8%

HCA Healthcare operating margin in 2023 was 14.82%, contracted 0.2 percentage points from 2022.

HCA Healthcare Operating Margin 2022: 15.0%

2022's operating margin for HCA Healthcare came in at 15.03%, contracted 1.4 percentage points from 2021.

HCA Healthcare Operating Margin 2021: 16.5%

HCA Healthcare operating margin in 2021 was 16.47%.

See more financial history for HCA Healthcare (HCA).

Sector peers by Operating Margin

Healthcare peers of HCA Healthcare (HCA), ranked by their latest operating 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