How does HCA Healthcare (HCA) make money?

HCA Healthcare (HCA) primarily makes money through Managed Care And Other Insurers, which accounts for 50.4% of total revenue. For TTM through Q1 2026, HCA Healthcare generated $76.39B in total revenue with a net profit margin of 8.9%.

What is HCA Healthcare (HCA) gross profit margin?

HCA Healthcare (HCA) reported a gross profit margin of 34.9% for TTM through Q1 2026, equivalent to $26.68B in gross profit. This means HCA Healthcare retains 34.9% of each revenue unit after direct costs of production.

What is HCA Healthcare (HCA) operating profit margin?

HCA Healthcare (HCA) reported an operating profit margin of 15.7% for TTM through Q1 2026, equivalent to $11.97B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is HCA Healthcare (HCA) net profit margin?

HCA Healthcare (HCA) reported a net profit margin of 8.9% for TTM through Q1 2026, equivalent to $6.79B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does HCA Healthcare (HCA) spend on capital expenditures?

HCA Healthcare (HCA) spent $5.07B on capital expenditures in TTM through Q1 2026 (6.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is HCA Healthcare (HCA) free cash flow?

HCA Healthcare (HCA) generated $7.93B in free cash flow for TTM through Q1 2026 (10.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is HCA Healthcare (HCA) effective tax rate?

HCA Healthcare (HCA) had an effective tax rate of 20.2% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

How HCA Healthcare (HCA) Makes Money: A Visual Guide

HCA Healthcare (HCA) generated $76.39B in revenue, earning $6.79B in net profit (8.9% margin). Its largest revenue source is Managed Care And Other Insurers (50.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

HCA Healthcare (HCA) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 24, 2026).

Frequently asked questions

How does HCA Healthcare (HCA) make money?: HCA Healthcare (HCA) primarily makes money through Managed Care And Other Insurers, which accounts for 50.4% of total revenue. For TTM through Q1 2026, HCA Healthcare generated $76.39B in total revenue with a net profit margin of 8.9%.
What is HCA Healthcare (HCA) gross profit margin?: HCA Healthcare (HCA) reported a gross profit margin of 34.9% for TTM through Q1 2026, equivalent to $26.68B in gross profit. This means HCA Healthcare retains 34.9% of each revenue unit after direct costs of production.
What is HCA Healthcare (HCA) operating profit margin?: HCA Healthcare (HCA) reported an operating profit margin of 15.7% for TTM through Q1 2026, equivalent to $11.97B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is HCA Healthcare (HCA) net profit margin?: HCA Healthcare (HCA) reported a net profit margin of 8.9% for TTM through Q1 2026, equivalent to $6.79B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does HCA Healthcare (HCA) spend on capital expenditures?: HCA Healthcare (HCA) spent $5.07B on capital expenditures in TTM through Q1 2026 (6.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is HCA Healthcare (HCA) free cash flow?: HCA Healthcare (HCA) generated $7.93B in free cash flow for TTM through Q1 2026 (10.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.
What is HCA Healthcare (HCA) effective tax rate?: HCA Healthcare (HCA) had an effective tax rate of 20.2% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.