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HCA Healthcare, Inc. (HCA) EBITDA Margin: 20.64%

Is HCA Healthcare, Inc.’s EBITDA margin high or low?

HCA Healthcare, Inc.'s EBITDA margin of 20.64% is in line with its 5-year average of 20.85%, around the middle of its 5-year range (18.89%–24.26%).

As of Tuesday, June 16, 2026. 2.38% above its 12-month average of 20.16%.

HCA EBITDA Margin Chart

HCA EBITDA Margin
20.64%+4.88% 1Y
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HCA Average EBITDA Margin Chart

HCA Current vs Average EBITDA Margin Chart

HCA EBITDA Margin Metrics

EBITDA MARGIN

20.64%

EBITDA MARGIN AVG TTM

20.16%

EBITDA MARGIN AVG 3Y

20.49%

EBITDA MARGIN AVG 5Y

20.85%

EBITDA MARGIN AVG 10Y

20.20%

EBITDA MARGIN AVG 15Y

19.73%

EBITDA MARGIN AVG 20Y

19.39%

CURRENT VS TTM AVG

+2.38%

CURRENT VS 3Y AVG

+0.73%

CURRENT VS 5Y AVG

-1.02%

CURRENT VS 10Y AVG

+2.16%

CURRENT VS 15Y AVG

+4.61%

CURRENT VS 20Y AVG

+6.43%

HCA Competitors' EBITDA Margin

NAMEMARKET CAPEBITDA MARGINTTM3Y5Y
HCA Healthcare, Inc. (HCA)$88.05B20.64%20.16%20.49%20.85%
Elevance Health Inc. (ELV)vs ›$86.74B4.85%5.39%5.84%6.22%
Cigna Corporation (CI)vs ›$77.02B4.22%4.42%5.04%5.39%
Medtronic plc (MDT)vs ›$104.05B26.97%27.23%26.91%26.72%
Regeneron Pharmaceuticals, Inc. (REGN)vs ›$62.78B40.57%39.01%39.25%44.24%
Vertex Pharmaceuticals Incorporated (VRTX)vs ›$113.82B40.28%22.34%35.25%38.74%
Bristol-Myers Squibb Company (BMY)vs ›$114.38B30.18%18.37%30.35%29.39%
Cencora, Inc. (COR)vs ›$54.76B1.16%1.15%1.23%0.63%
Cardinal Health, Inc. (CAH)vs ›$53.55B1.40%1.13%0.75%0.34%
Becton, Dickinson and Company (BDX)vs ›$52.72B22.70%23.29%23.17%22.44%

Margin Comparison

Gross Margin

34.9%

EBITDA Margin

20.6%

Operating Margin

15.7%

Net Margin

8.9%

Formula: EBITDA Margin = (EBITDA / Revenue) × 100

Why EBITDA Margin matters:

  • Removes effects of depreciation policies (D&A)
  • Capital structure neutral (ignores interest)
  • Tax neutral (ignores tax differences)
  • Good proxy for operating cash generation

HCA Healthcare, Inc. EBITDA Margin Formula & Definition

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

HCA Healthcare, Inc. EBITDA Margin FAQ

What is the EBITDA margin for HCA Healthcare, Inc. (HCA)?
The EBITDA margin for HCA stock is 20.64%.
Is HCA Healthcare, Inc.'s EBITDA margin high or low?
HCA Healthcare, Inc.'s EBITDA margin of 20.64% is in line with its 5-year average of 20.85%, around the middle of its 5-year range (18.89%–24.26%).
What is the TTM average EBITDA margin for HCA Healthcare, Inc. (HCA)?
The TTM average EBITDA margin for HCA stock is 20.16%.
What is the 3Y average EBITDA margin for HCA Healthcare, Inc. (HCA)?
The 3Y average EBITDA margin for HCA stock is 20.49%.
What is the 5Y average EBITDA margin for HCA Healthcare, Inc. (HCA)?
The 5Y average EBITDA margin for HCA stock is 20.85%.
What is the 10Y average EBITDA margin for HCA Healthcare, Inc. (HCA)?
The 10Y average EBITDA margin for HCA stock is 20.20%.
What is the 15Y average EBITDA margin for HCA Healthcare, Inc. (HCA)?
The 15Y average EBITDA margin for HCA stock is 19.73%.
What is the 20Y average EBITDA margin for HCA Healthcare, Inc. (HCA)?
The 20Y average EBITDA margin for HCA stock is 19.39%.

HCA Healthcare, Inc. EBITDA Margin History

DATEEBITDA MARGIN
2025-12-3120.64%
2024-12-3119.68%
2023-12-3119.58%
2022-12-3122.06%
2021-12-3124.26%
2020-12-3118.89%
2019-12-3118.82%
2018-12-3120.07%
2017-12-3118.81%
2016-12-3120.45%
2015-12-3118.97%
2014-12-3119.08%
2013-12-3119.15%
2012-12-3119.30%
2011-12-3121.73%
2010-12-3118.74%
2009-12-3118.02%
2008-12-3116.24%
2007-12-3117.99%
2006-12-3115.73%
2005-12-3117.08%
2004-12-3116.11%
2003-12-3118.52%
2002-12-3115.60%
2001-12-3118.33%
2000-12-31105.49%
1999-12-31105.25%
1998-12-31100.00%
1997-12-3115.15%
1996-12-3120.30%

About HCA Healthcare, Inc.

HCA Healthcare, Inc., operating through its subsidiaries, delivers a comprehensive array of healthcare services throughout the United States. The organization manages a network of general and acute care hospitals that provide a full spectrum of medical and surgical care, encompassing inpatient services, intensive care, cardiac treatment, diagnostic procedures, and emergency services. These hospitals additionally offer a broad range of outpatient care, such as ambulatory surgery, laboratory testing, radiology, respiratory therapy, cardiology, and physical therapy. Beyond its hospital infrastructure, HCA Healthcare operates numerous specialized outpatient facilities. These include standalone ambulatory surgery centers, dedicated emergency care facilities, urgent care clinics, walk-in clinics, advanced diagnostic and imaging centers, rehabilitation and physical therapy centers, radiation and oncology treatment facilities, physician practices, and various other healthcare sites. Furthermore, the company oversees psychiatric hospitals, which offer diverse therapeutic programs. These services cater to child, adolescent, and adult psychiatric care, alongside adolescent and adult alcohol and drug abuse treatment and counseling. As of December 31, 2021, HCA Healthcare's extensive portfolio included 182 hospitals, specifically 175 general and acute care hospitals, five psychiatric hospitals, and two rehabilitation hospitals. Its network also featured 125 freestanding surgery centers and 21 freestanding endoscopy centers, all distributed across 20 states and England. Founded in 1968 and formerly known as HCA Holdings, Inc., the company's corporate headquarters are situated in Nashville, Tennessee.

Nashville, TN
320,000 employees
Healthcare / Medical - Care Facilities
Sector
Healthcare
Industry
Medical - Care Facilities
CEO
Samuel N. Hazen