HCA Healthcare (HCA) Financial Ratios: P/E, ROE & More

HCA Healthcare (HCA) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), HCA Healthcare had a P/E ratio of 15.70 (up from 13.20), debt-to-equity of -17.57 (down from 81.51), a current ratio of 0.96 (down from 1.08) and return on assets of 12.4% (up from 11.4%). A current ratio of 0.96 means current liabilities exceed current assets. Its dividend yield was 0.62% with a payout ratio of 10.0%.

HCA Healthcare Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	15.70	13.20	13.82	12.02	11.49	14.82
Forward P/E	15.89	12.60	14.25	13.45	14.11	13.70
P/S Ratio	1.41	1.08	1.11	1.13	1.36	1.08
P/B Ratio	-38.45	136.99	68.35	-929.33	53.67	19.24
Price/FCF	13.85	13.48	15.46	16.44	14.85	8.70
Price/OCF	8.43	7.23	7.68	7.96	8.92	6.03
PEG Ratio	1.22	1.01	1.67	1.78	1.04	1.24
Enterprise Value Ratios
EV/Revenue	2.05	1.71	1.78	1.81	1.96	1.63
EV/EBITDA	10.01	8.72	9.09	9.05	9.21	8.40
EV/EBIT	12.95	11.46	11.99	12.02	11.92	11.55
EV/FCF	20.15	21.44	24.62	26.36	21.43	13.11
Profitability & Returns
Return on Equity (ROE)	-	824.40%	1234.25%	965.25%	352.48%	377.05%
Return on Assets (ROA)	12.44%	11.39%	11.08%	10.97%	12.32%	9.81%
Return on Invested Capital (ROIC)	21.49%	19.23%	18.02%	18.21%	21.48%	12.78%
Return on Capital Employed (ROCE)	27.00%	23.80%	22.10%	21.30%	23.50%	18.70%
Leverage & Solvency Ratios
Debt/Equity	-17.57	81.51	39.49	-550.68	24.67	11.45
Debt/EBITDA	2.95	3.03	3.06	3.09	2.72	3.04
Debt/FCF	6.33	8.02	8.93	9.74	6.83	5.17
Liquidity Ratios
Current Ratio	0.96	1.08	1.18	1.38	1.41	1.42
Quick Ratio	0.73	0.84	0.87	1.00	1.01	1.03
Efficiency Ratios
Asset Turnover	1.26	1.22	1.20	1.17	1.20	1.11
Inventory Turnover	26.09	22.31	19.27	18.28	18.08	16.65
Yield & Distribution Ratios
Earnings Yield	6.37%	7.58%	7.24%	8.32%	8.71%	6.75%
FCF Yield	7.22%	7.42%	6.47%	6.08%	6.73%	11.50%
Dividend Yield	0.62%	0.89%	0.91%	0.96%	0.78%	0.27%
Payout Ratio	10.01%	11.98%	12.61%	11.57%	8.97%	4.08%
Buyback Yield	8.52%	5.28%	6.20%	10.37%	4.32%	1.33%
Total Return	9.14%	6.18%	7.10%	11.33%	5.10%	1.60%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About HCA Healthcare Financial Ratios

What is HCA Healthcare's P/E ratio?

HCA Healthcare's P/E ratio was 15.70 for fiscal 2025 (period ended Dec 31, 2025). It was 13.20 a year earlier.

What is HCA Healthcare's debt-to-equity ratio?

HCA Healthcare's debt-to-equity ratio was -17.57 for fiscal 2025 (period ended Dec 31, 2025). It was 81.51 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition