Financials HCA Healthcare, Inc.

Equities

HCA

US40412C1018

Healthcare Facilities & Services

Real-time Estimate Cboe BZX Other stock markets 10:27:31 09/07/2025 pm IST			5-day change	1st Jan Change
376.78 ^USD	-0.22%		-0.22%	+25.67%

30/06	HCA Healthcare, Inc.(NYSE:HCA) added to Russell 1000 Value-Defensive Index	CI
30/06	HCA Healthcare, Inc.(NYSE:HCA) added to Russell 1000 Growth-Defensive Index	CI

Projected Income Statement: HCA Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	51,533	58,752	60,233	64,968	70,603	74,732	78,512	82,642
Change	-	14.01%	2.52%	7.86%	8.67%	5.85%	5.06%	5.26%
EBITDA ¹	10,037	12,644	12,067	12,726	13,882	14,833	15,518	16,386
Change	-	25.97%	-4.56%	5.46%	9.08%	6.85%	4.62%	5.59%
EBIT ¹	7,316	9,791	9,098	9,649	10,570	11,291	11,822	12,489
Change	-	33.83%	-7.08%	6.06%	9.55%	6.82%	4.7%	5.64%
Interest Paid ¹	-1,584	-1,566	-1,741	-1,938	-2,061	-2,269	-2,341	-2,411
Earnings before Tax (EBT) ¹	5,430	9,833	8,580	7,706	8,523	9,118	9,592	10,229
Change	-	81.09%	-12.74%	-10.19%	10.6%	6.98%	5.2%	6.64%
Net income ¹	3,754	6,956	5,643	5,242	5,760	6,175	6,480	6,943
Change	-	85.3%	-18.88%	-7.11%	9.88%	7.21%	4.93%	7.15%
Announcement Date	02/02/21	27/01/22	27/01/23	30/01/24	24/01/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	11,068	13,311	14,293	13,977	14,435	15,276	15,064	14,945	14,820	14,971	15,497	15,591	15,861	16,213	17,303	17,339	17,492	17,487	18,285	18,321	18,486	18,491	19,373	19,243	19,371	19,367	20,314	20,293
Change	-	20.27%	7.38%	-2.21%	3.28%	5.83%	-1.39%	-0.79%	-0.84%	1.02%	3.51%	0.61%	1.73%	2.22%	6.72%	0.21%	0.88%	-0.03%	4.56%	0.2%	0.9%	0.03%	4.77%	-0.67%	0.66%	-0.02%	4.89%	-0.11%
EBITDA ¹	1,844	2,053	3,118	3,052	3,219	3,224	3,149	2,944	3,042	2,902	3,179	3,172	3,056	2,880	3,618	3,353	3,550	3,267	3,712	3,733	3,689	3,441	3,959	3,882	3,886	3,633	4,187	4,123
Change	-	11.33%	51.88%	-2.12%	5.47%	0.16%	-2.33%	-6.51%	3.33%	-4.6%	9.55%	-0.22%	-3.66%	-5.76%	25.62%	-7.32%	5.88%	-7.97%	13.62%	0.57%	-1.18%	-6.71%	15.04%	-1.94%	0.11%	-6.52%	15.26%	-1.54%
EBIT ¹	1,153	1,359	2,456	2,355	2,507	2,508	2,421	2,212	2,304	2,153	2,429	2,416	2,293	2,111	2,829	2,558	2,731	2,425	2,856	2,873	2,818	2,567	3,059	2,963	2,966	2,724	3,259	3,119
Change	-	17.87%	80.72%	-4.11%	6.45%	0.04%	-3.47%	-8.63%	4.16%	-6.55%	12.82%	-0.54%	-5.09%	-7.94%	34.01%	-9.58%	6.76%	-11.2%	17.77%	0.6%	-1.9%	-8.92%	19.16%	-3.14%	0.11%	-8.17%	19.63%	-4.29%
Charge d'intérêts ¹	-388	-385	-383	-384	-386	-398	-398	-408	-434	-446	-453	-479	-485	-483	-491	-512	-506	-515	-528	-547	-568.1	-572.4	-580.9	-577.8	-579.8	-578.2	-581.8	-591
Earnings before Tax (EBT) ¹	1,560	988	2,072	1,973	2,117	3,157	2,586	1,814	1,760	1,704	3,302	1,922	1,809	1,630	2,345	2,247	2,237	1,906	2,133	2,327	2,255	2,016	2,474	2,393	2,369	2,162	2,620	2,495
Change	-	-36.67%	109.72%	-4.78%	7.3%	49.13%	-18.09%	-29.85%	-2.98%	-3.18%	93.78%	-41.79%	-5.88%	-9.89%	43.87%	-4.18%	-0.45%	-14.8%	11.91%	9.1%	-3.08%	-10.61%	22.7%	-3.25%	-1.03%	-8.74%	21.2%	-4.77%
Net income ¹	1,079	668	1,426	1,423	1,450	2,269	1,814	1,273	1,155	1,134	2,081	1,363	1,193	1,079	1,607	1,591	1,461	1,270	1,438	1,610	1,536	1,356	1,686	1,630	1,623	1,449	1,835	1,714
Change	-	-38.09%	113.47%	-0.21%	1.9%	56.48%	-20.05%	-29.82%	-9.27%	-1.82%	83.51%	-34.5%	-12.47%	-9.56%	48.93%	-1%	-8.17%	-13.07%	13.23%	11.96%	-4.58%	-11.75%	24.33%	-3.3%	-0.42%	-10.74%	26.64%	-6.58%
Announcement Date	22/07/20	26/10/20	02/02/21	22/04/21	20/07/21	22/10/21	27/01/22	22/04/22	22/07/22	21/10/22	27/01/23	21/04/23	27/07/23	24/10/23	30/01/24	26/04/24	23/07/24	25/10/24	24/01/25	25/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: HCA Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	29,211	33,128	37,176	38,658	41,098	44,631	45,450	45,688
Change	-	13.41%	12.22%	3.99%	6.31%	8.6%	1.84%	0.52%
Announcement Date	02/02/21	27/01/22	27/01/23	30/01/24	24/01/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: HCA Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	2,835	3,577	4,395	4,744	4,875	5,094	5,260	5,486
Change	-	26.17%	22.87%	7.94%	2.76%	4.5%	3.25%	4.31%
Free Cash Flow (FCF) ¹	6,397	5,382	4,127	4,687	5,639	6,262	6,170	7,185
Change	-	-15.87%	-23.32%	13.57%	20.31%	11.05%	-1.47%	16.46%
Announcement Date	02/02/21	27/01/22	27/01/23	30/01/24	24/01/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: HCA Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	19.48%	21.52%	20.03%	19.59%	19.66%	19.85%	19.77%	19.83%
EBIT Margin (%)	14.2%	16.66%	15.1%	14.85%	14.97%	15.11%	15.06%	15.11%
EBT Margin (%)	10.54%	16.74%	14.24%	11.86%	12.07%	12.2%	12.22%	12.38%
Net margin (%)	7.28%	11.84%	9.37%	8.07%	8.16%	8.26%	8.25%	8.4%
FCF margin (%)	12.41%	9.16%	6.85%	7.21%	7.99%	8.38%	7.86%	8.69%
FCF / Net Income (%)	170.4%	77.37%	73.13%	89.41%	97.9%	101.41%	95.22%	103.49%
Profitability
ROA	8.11%	14.16%	10.94%	9.46%	9.95%	10.21%	10.21%	10.43%
ROE	-	352.48%	-	-	-	279.4%	148.5%	104%
Financial Health
Leverage (Debt/EBITDA)	2.91x	2.62x	3.08x	3.04x	2.96x	3.01x	2.93x	2.79x
Debt / Free cash flow	4.57x	6.16x	9.01x	8.25x	7.29x	7.13x	7.37x	6.36x
Capital Intensity
CAPEX / Current Assets (%)	5.5%	6.09%	7.3%	7.3%	6.9%	6.82%	6.7%	6.64%
CAPEX / EBITDA (%)	28.25%	28.29%	36.42%	37.28%	35.12%	34.34%	33.89%	33.48%
CAPEX / FCF (%)	44.32%	66.46%	106.49%	101.22%	86.45%	81.35%	85.25%	76.35%
Items per share
Cash flow per share ¹	26.87	27.25	28.92	34.12	40.16	38.94	42.48	50.44
Change	-	1.43%	6.13%	17.97%	17.7%	-3.04%	9.09%	18.73%
Dividend per Share ¹	0.43	1.92	2.24	2.4	2.64	2.839	2.948	3.03
Change	-	346.51%	16.67%	7.14%	10%	7.55%	3.84%	2.76%
Book Value Per Share ¹	1.665	-2.838	-9.39	-6.681	-9.997	-16.75	-12.58	-6.346
Change	-	-270.48%	-230.88%	28.85%	-49.63%	-67.52%	24.86%	49.56%
EPS ¹	10.93	21.16	19.15	18.97	22	25.32	28.15	31.92
Change	-	93.6%	-9.5%	-0.94%	15.97%	15.09%	11.19%	13.39%
Nbr of stocks (in thousands)	3,38,375	3,11,023	2,82,717	2,67,661	2,53,297	2,40,574	2,40,574	2,40,574
Announcement Date	02/02/21	27/01/22	27/01/23	30/01/24	24/01/25	-	-	-