HCA Healthcare, Inc. (HCA) Return on Invested Capital (ROIC): 18.53%
Is HCA Healthcare, Inc.’s return on invested capital (ROIC) high or low?
HCA Healthcare, Inc.'s return on invested capital (ROIC) of 18.53% is in line with its 5-year average of 16.89%, near the high end of its 5-year range (14.90%–18.53%).
As of Tuesday, June 16, 2026. 5.25% above its 12-month average of 17.61%.
HCA Return on Invested Capital (ROIC) Chart
HCA Average Return on Invested Capital (ROIC) Chart
HCA Current vs Average Return on Invested Capital (ROIC) Chart
HCA Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
18.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
17.61%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
17.07%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
16.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
16.02%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
15.53%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
14.35%
CURRENT VS TTM AVG
+5.25%
CURRENT VS 3Y AVG
+8.54%
CURRENT VS 5Y AVG
+9.68%
CURRENT VS 10Y AVG
+15.67%
CURRENT VS 15Y AVG
+19.35%
CURRENT VS 20Y AVG
+29.12%
HCA Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HCA Healthcare, Inc. (HCA) | $88.05B | 18.53% | 17.61% | 17.07% | 16.89% |
| Elevance Health Inc. (ELV)vs › | $86.74B | 6.65% | 6.70% | 7.11% | 7.33% |
| Cigna Corporation (CI)vs › | $77.02B | 7.35% | 7.02% | 7.07% | 6.50% |
| Medtronic plc (MDT)vs › | $104.05B | 0.00% | 3.04% | 3.93% | 4.51% |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $62.78B | 8.51% | 9.70% | 12.91% | 18.22% |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $113.82B | 18.12% | 10.38% | 14.75% | 17.51% |
| Bristol-Myers Squibb Company (BMY)vs › | $114.38B | 13.90% | 13.75% | 11.92% | 10.17% |
| Cencora, Inc. (COR)vs › | $54.76B | 13.23% | 15.09% | 14.58% | 13.58% |
| Cardinal Health, Inc. (CAH)vs › | $53.55B | 11.37% | 10.09% | 4.86% | -0.22% |
| Becton, Dickinson and Company (BDX)vs › | $52.72B | 4.73% | 4.38% | 4.32% | 3.88% |
Capital Efficiency
ROIC
18.5%
ROE
-112.6%
HCA Healthcare, Inc. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
HCA Healthcare, Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (ROIC) for HCA Healthcare, Inc. (HCA)?
- The return on invested capital (ROIC) for HCA stock is 18.53%.
- Is HCA Healthcare, Inc.'s return on invested capital (ROIC) high or low?
- HCA Healthcare, Inc.'s return on invested capital (ROIC) of 18.53% is in line with its 5-year average of 16.89%, near the high end of its 5-year range (14.90%–18.53%).
- What is the TTM average return on invested capital (ROIC) for HCA Healthcare, Inc. (HCA)?
- The TTM average return on invested capital (ROIC) for HCA stock is 17.61%.
- What is the 3Y average return on invested capital (ROIC) for HCA Healthcare, Inc. (HCA)?
- The 3Y average return on invested capital (ROIC) for HCA stock is 17.07%.
- What is the 5Y average return on invested capital (ROIC) for HCA Healthcare, Inc. (HCA)?
- The 5Y average return on invested capital (ROIC) for HCA stock is 16.89%.
- What is the 10Y average return on invested capital (ROIC) for HCA Healthcare, Inc. (HCA)?
- The 10Y average return on invested capital (ROIC) for HCA stock is 16.02%.
- What is the 15Y average return on invested capital (ROIC) for HCA Healthcare, Inc. (HCA)?
- The 15Y average return on invested capital (ROIC) for HCA stock is 15.53%.
- What is the 20Y average return on invested capital (ROIC) for HCA Healthcare, Inc. (HCA)?
- The 20Y average return on invested capital (ROIC) for HCA stock is 14.35%.
HCA Healthcare, Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2025-12-31 | 18.53% |
| 2024-12-31 | 16.68% |
| 2023-12-31 | 16.42% |
| 2022-12-31 | 16.66% |
| 2021-12-31 | 18.18% |
| 2020-12-31 | 14.90% |
| 2019-12-31 | 15.09% |
| 2018-12-31 | 16.85% |
| 2017-12-31 | 12.38% |
| 2016-12-31 | 15.72% |
| 2015-12-31 | 14.80% |
| 2014-12-31 | 14.56% |
| 2013-12-31 | 13.57% |
| 2012-12-31 | 14.30% |
| 2011-12-31 | 15.22% |
| 2010-12-31 | 14.56% |
| 2009-12-31 | 12.63% |
| 2008-12-31 | 10.89% |
| 2007-12-31 | 10.58% |
| 2006-12-31 | 8.67% |
| 2005-12-31 | 10.17% |
| 2004-12-31 | 9.13% |
| 2003-12-31 | 9.31% |
| 2002-12-31 | 7.59% |
| 2001-12-31 | 8.70% |
| 2000-12-31 | 48.29% |
| 1999-12-31 | 59.82% |
| 1998-12-31 | 49.08% |
| 1997-12-31 | 2.84% |
| 1996-12-31 | 9.36% |
Related Metrics
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