Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EBITDA margin high or low?
The EBITDA margin of 19.85% is in line with its 5-year average of 19.56%, near the high end of its 5-year range (4.74%–22.15%).
As of the fiscal period ended Tuesday, March 31, 2026. 2.49% below its 12-month average of 20.36%.
Reported quarterly EBITDA margin; no daily interpolation.
EBITDA MARGIN
19.85%
EBITDA MARGIN AVG TTM
20.36%
EBITDA MARGIN AVG 3Y
20.07%
EBITDA MARGIN AVG 5Y
20.30%
EBITDA MARGIN AVG 10Y
19.77%
EBITDA MARGIN AVG 15Y
19.60%
EBITDA MARGIN AVG 20Y
19.01%
CURRENT VS TTM AVG
-2.49%
CURRENT VS 3Y AVG
-1.08%
CURRENT VS 5Y AVG
-2.22%
CURRENT VS 10Y AVG
+0.41%
CURRENT VS 15Y AVG
+1.29%
CURRENT VS 20Y AVG
+4.42%
HCA Healthcare, Inc.
Market Cap
$87.16B
EBITDA Margin
19.85%
TTM Avg
20.36%
3Y Avg
20.07%
5Y Avg
20.30%
Market Cap
$78.57B
EBITDA Margin
28.74%
TTM Avg
30.12%
3Y Avg
35.91%
5Y Avg
41.00%
Market Cap
$69.46B
EBITDA Margin
26.60%
TTM Avg
24.95%
3Y Avg
24.24%
5Y Avg
23.28%
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HCA Healthcare, Inc. (HCA) | $87.16B | 19.85% | 20.36% | 20.07% | 20.30% |
| Elevance Health Inc. (ELV)vs › | $81.51B | 4.85% | 5.33% | 5.81% | 6.32% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $78.57B | 28.74% | 30.12% | 35.91% | 41.00% |
| McKesson Corporation (MCK)vs › | $100.24B | 1.78% | 1.58% | 1.64% | 1.66% |
| Cigna Corporation (CI)vs › | $73.82B | 4.28% | 4.40% | 4.95% | 5.27% |
| GSK plc (GSK)vs › | $103.56B | 32.61% | 26.78% | 28.16% | 28.64% |
| Boston Scientific Corporation (BSX)vs › | $69.46B | 26.60% | 24.95% | 24.24% | 23.28% |
| Medtronic plc (MDT)vs › | $109.30B | 25.92% | 26.11% | 25.62% | 25.51% |
| Cencora, Inc. (COR)vs › | $60.57B | 1.46% | 1.44% | 1.41% | 1.40% |
| Becton, Dickinson and Company (BDX)vs › | $60.00B | 23.08% | 23.14% | 23.23% | 22.53% |
Gross Margin
34.9%
EBITDA Margin
19.8%
Operating Margin
15.7%
Net Margin
8.9%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EBITDA MARGIN |
|---|---|
| 2026-03-31 | 19.85% |
| 2025-12-31 | 20.96% |
| 2025-09-30 | 20.11% |
| 2025-06-30 | 20.59% |
| 2025-03-31 | 20.28% |
| 2024-12-31 | 20.25% |
| 2024-09-30 | 18.60% |
| 2024-06-30 | 20.29% |
| 2024-03-31 | 19.35% |
| 2023-12-31 | 20.75% |
| 2023-09-30 | 4.74% |
| 2023-06-30 | 19.31% |
| 2023-03-31 | 20.46% |
| 2022-12-31 | 20.41% |
| 2022-09-30 | 19.32% |
| 2022-06-30 | 20.47% |
| 2022-03-31 | 19.63% |
| 2021-12-31 | 20.67% |
| 2021-09-30 | 20.88% |
| 2021-06-30 | 22.15% |
| 2021-03-31 | 21.69% |
| 2020-12-31 | 21.77% |
| 2020-09-30 | 15.12% |
| 2020-06-30 | 24.08% |
| 2020-03-31 | 17.05% |
| 2019-12-31 | 20.10% |
| 2019-09-30 | 17.97% |
| 2019-06-30 | 18.13% |
| 2019-03-31 | 20.21% |
| 2018-12-31 | 20.40% |
| 2018-09-30 | 18.23% |
| 2018-06-30 | 19.26% |
| 2018-03-31 | 18.46% |
| 2017-12-31 | 20.35% |
| 2017-09-30 | 16.48% |
| 2017-06-30 | 19.35% |
| 2017-03-31 | 18.78% |
| 2016-12-31 | 20.64% |
| 2016-09-30 | 18.84% |
| 2016-06-30 | 19.79% |
| 2016-03-31 | 19.41% |
| 2015-12-31 | 20.71% |
| 2015-09-30 | 18.32% |
| 2015-06-30 | 20.19% |
| 2015-03-31 | 20.07% |
| 2014-12-31 | 20.18% |
| 2014-09-30 | 19.67% |
| 2014-06-30 | 21.57% |
| 2014-03-31 | 18.51% |
| 2013-12-31 | 19.40% |
| 2013-09-30 | 18.85% |
| 2013-06-30 | 19.85% |
| 2013-03-31 | 18.48% |
| 2012-12-31 | 18.62% |
| 2012-09-30 | 18.94% |
| 2012-05-30 | 19.23% |
| 2012-03-31 | 19.70% |
| 2011-12-31 | 19.17% |
| 2011-09-30 | 17.54% |
| 2011-06-30 | 17.61% |
| 2011-03-31 | 18.80% |
| 2010-12-31 | 17.77% |
| 2010-09-30 | 16.87% |
| 2010-06-30 | 18.24% |
| 2010-03-31 | 19.96% |
| 2009-12-31 | 16.82% |
| 2009-09-30 | 16.20% |
| 2009-06-30 | 17.88% |
| 2009-03-31 | 18.69% |
| 2008-12-31 | 16.30% |
| 2008-09-30 | 14.45% |
| 2008-06-30 | 14.93% |
| 2008-03-31 | 15.62% |
| 2007-12-31 | 16.64% |
| 2007-09-30 | 14.20% |
| 2007-06-30 | 16.72% |
| 2007-03-31 | 19.11% |
| 2006-12-31 | 19.66% |
| 2006-09-30 | 14.79% |
| 2006-06-30 | 16.92% |
| 2006-03-31 | 18.77% |
| 2005-12-31 | 16.30% |
| 2005-09-30 | 15.75% |
| 2005-06-30 | 18.42% |
| 2005-03-31 | 19.48% |
| 2004-12-31 | 16.89% |
| 2004-09-30 | 15.14% |
| 2004-06-30 | 18.02% |
| 2004-03-31 | 17.43% |
| 2003-12-31 | 16.97% |
| 2003-09-30 | 17.22% |
| 2003-06-30 | 15.33% |
| 2003-03-31 | 22.36% |
| 2002-12-31 | 6.25% |
| 2002-09-30 | 14.87% |
| 2002-06-30 | 20.11% |
