HCA Healthcare, Inc. (HCA) FCF Payout Ratio: 8.73%
Is HCA Healthcare, Inc.’s FCF payout ratio high or low?
HCA Healthcare, Inc.'s FCF payout ratio of 8.73% is 19% below its 5-year average of 10.83%, around the middle of its 5-year range (2.39%–15.82%).
17.11% below its 12-month average of 10.53%.
HCA FCF Payout Ratio Chart
HCA Average FCF Payout Ratio Chart
HCA Current vs Average FCF Payout Ratio Chart
HCA FCF Payout Ratio Metrics
FCF PAYOUT RATIO
8.73%
FCF PAYOUT RATIO AVG TTM
10.53%
FCF PAYOUT RATIO AVG 3Y
12.75%
FCF PAYOUT RATIO AVG 5Y
10.83%
FCF PAYOUT RATIO AVG 10Y
12.03%
FCF PAYOUT RATIO AVG 15Y
8.98%
FCF PAYOUT RATIO AVG 20Y
9.61%
CURRENT VS TTM AVG
-17.11%
CURRENT VS 3Y AVG
-31.51%
CURRENT VS 5Y AVG
-19.38%
CURRENT VS 10Y AVG
-27.42%
CURRENT VS 15Y AVG
-2.83%
CURRENT VS 20Y AVG
-9.13%
Payout Ratio Comparison
FCF Payout Ratio
8.7%
Earnings Payout Ratio
10.5%
Dividend Yield
0.76%
FCF Yield
8.81%
Annual FCF Payout Ratio History
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | $7.69B | $679.00M | 8.8% |
| 2024 | $5.64B | $690.00M | 12.2% |
| 2023 | $4.69B | $661.00M | 14.1% |
| 2022 | $4.13B | $653.00M | 15.8% |
| 2021 | $5.38B | $624.00M | 11.6% |
| 2020 | $6.40B | $153.00M | 2.4% |
| 2019 | $3.44B | $550.00M | 16.0% |
| 2018 | $3.19B | $487.00M | 15.3% |
| 2017 | $2.41B | $0 | 0.0% |
| 2016 | $2.89B | $0 | 0.0% |
| 2015 | $2.36B | $0 | 0.0% |
| 2014 | $2.27B | $7.00M | 0.3% |
| 2013 | $1.74B | $16.00M | 0.9% |
| 2012 | $2.31B | $3.15B | 136.1% |
| 2011 | $2.25B | $31.00M | 1.4% |
| 2010 | $1.76B | $4.26B | 241.9% |
| 2009 | $1.43B | $0 | 0.0% |
| 2008 | $197.00M | $0 | 0.0% |
| 2007 | ($48.00M) | $0 | N/A (Loss) |
| 2006 | ($20.00M) | $201.00M | N/A (Loss) |
| 2005 | $1.57B | $258.00M | 16.5% |
| 2004 | $1.54B | $199.00M | 13.0% |
| 2003 | $328.00M | $39.00M | 11.9% |
| 2002 | $1.03B | $40.00M | 3.9% |
| 2001 | $43.00M | $42.00M | 97.7% |
| 2000 | $392.00M | $44.00M | 11.2% |
| 1999 | ($64.00M) | $0 | N/A (Loss) |
| 1998 | $661.00M | $0 | 0.0% |
| 1997 | $61.00M | $0 | 0.0% |
| 1996 | $1.22B | $54.00M | 4.4% |
Formula: FCF Payout Ratio = Dividends Paid / Free Cash Flow × 100
FCF payout and earnings payout:
- FCF represents operating cash flow after capital expenditures
- FCF payout compares dividends paid with free cash flow
- FCF payout above 100% means dividends paid exceeded free cash flow for the period
- Earnings payout compares dividends paid with net income
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
HCA Healthcare, Inc. FCF Payout Ratio Formula & Definition
FCF Payout Ratio measures what percentage of free cash flow is paid out as dividends. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
HCA Healthcare, Inc. FCF Payout Ratio FAQ
- What is the FCF payout ratio for HCA Healthcare, Inc. (HCA)?
- The FCF payout ratio for HCA stock is 8.73%.
- Is HCA Healthcare, Inc.'s FCF payout ratio high or low?
- HCA Healthcare, Inc.'s FCF payout ratio of 8.73% is 19% below its 5-year average of 10.83%, around the middle of its 5-year range (2.39%–15.82%).
- What is the TTM average FCF payout ratio for HCA Healthcare, Inc. (HCA)?
- The TTM average FCF payout ratio for HCA stock is 10.53%.
- What is the 3Y average FCF payout ratio for HCA Healthcare, Inc. (HCA)?
- The 3Y average FCF payout ratio for HCA stock is 12.75%.
- What is the 5Y average FCF payout ratio for HCA Healthcare, Inc. (HCA)?
- The 5Y average FCF payout ratio for HCA stock is 10.83%.
- What is the 10Y average FCF payout ratio for HCA Healthcare, Inc. (HCA)?
- The 10Y average FCF payout ratio for HCA stock is 12.03%.
- What is the 15Y average FCF payout ratio for HCA Healthcare, Inc. (HCA)?
- The 15Y average FCF payout ratio for HCA stock is 8.98%.
- What is the 20Y average FCF payout ratio for HCA Healthcare, Inc. (HCA)?
- The 20Y average FCF payout ratio for HCA stock is 9.61%.
HCA Healthcare, Inc. FCF Payout Ratio History
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2025-12-31 | 8.83% |
| 2024-12-31 | 12.24% |
| 2023-12-31 | 14.10% |
| 2022-12-31 | 15.82% |
| 2021-12-31 | 11.59% |
| 2020-12-31 | 2.39% |
| 2019-12-31 | 15.97% |
| 2018-12-31 | 15.28% |
| 2014-12-31 | 0.31% |
| 2013-12-31 | 0.92% |
| 2012-12-31 | 136.10% |
| 2011-12-31 | 1.38% |
| 2010-12-31 | 241.88% |
| 2005-12-31 | 16.46% |
| 2004-12-31 | 12.96% |
| 2003-12-31 | 11.89% |
| 2002-12-31 | 3.88% |
| 2001-12-31 | 97.67% |
| 2000-12-31 | 11.22% |
| 1996-12-31 | 4.42% |
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.
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- CEO
- Samuel N. Hazen