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HCA Healthcare Valuation Multiples
Discover revenue and EBITDA valuation multiples for HCA Healthcare and similar public comparables like Alcon, Fresenius, Dr. Sulaiman Al Habib, IHH Healthcare and more.
HCA Healthcare Overview
About HCA Healthcare
HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of December 2025, the firm owned and operated 190 hospitals and over 2,500 outpatient facillities across 19 states and a small foothold in the United Kingdom.
Founded
2010
HQ
Employees
320.0K
Website
Sectors
Financials (LTM)
EV
$167B
HCA Healthcare Financials
HCA Healthcare reported last 12-month revenue of $76B and EBITDA of $16B.
In the same LTM period, HCA Healthcare generated $16B in EBITDA and $7B in net income.
Revenue (LTM)
HCA Healthcare P&L
In the most recent fiscal year, HCA Healthcare reported revenue of $76B and EBITDA of $16B.
HCA Healthcare expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $76B | XXX | $76B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $31B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $16B | XXX | $16B | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $7B | XXX | $7B | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | — | — | $45B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HCA Healthcare Stock Performance
HCA Healthcare has current market cap of $119B, and enterprise value of $167B.
Market Cap Evolution
HCA Healthcare's stock price is $532.92.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $167B | $119B | 0.0% | XXX | XXX | XXX | $30.34 |
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Start Free TrialHCA Healthcare Valuation Multiples
HCA Healthcare trades at 2.2x EV/Revenue multiple, and 10.6x EV/EBITDA.
EV / Revenue (LTM)
HCA Healthcare Financial Valuation Multiples
As of March 25, 2026, HCA Healthcare has market cap of $119B and EV of $167B.
Equity research analysts estimate HCA Healthcare's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HCA Healthcare has a P/E ratio of 17.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $119B | XXX | $119B | XXX | XXX | XXX |
| EV (current) | $167B | XXX | $167B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 10.6x | XXX | 10.7x | XXX | XXX | XXX |
| EV/EBIT | 13.8x | XXX | 13.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 5.3x | XXX | XXX | XXX |
| P/E | 17.6x | XXX | 17.6x | XXX | XXX | XXX |
| EV/FCF | 21.7x | XXX | 21.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HCA Healthcare Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
HCA Healthcare Margins & Growth Rates
HCA Healthcare's revenue in the last 12 month grew by 4%.
HCA Healthcare's revenue per employee in the last FY averaged $0.2M.
HCA Healthcare's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
HCA Healthcare's rule of X is 31% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
HCA Healthcare Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 31% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 26% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HCA Healthcare Public Comps
See public comps and valuation multiples for other Hospitals & Clinics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Alcon | XXX | XXX | XXX | XXX | XXX | XXX |
| Fresenius | XXX | XXX | XXX | XXX | XXX | XXX |
| Dr. Sulaiman Al Habib | XXX | XXX | XXX | XXX | XXX | XXX |
| IHH Healthcare | XXX | XXX | XXX | XXX | XXX | XXX |
| Tenet Healthcare | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HCA Healthcare M&A Activity
HCA Healthcare acquired XXX companies to date.
Last acquisition by HCA Healthcare was on XXXXXXXX, XXXXX. HCA Healthcare acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HCA Healthcare
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHCA Healthcare Investment Activity
HCA Healthcare invested in XXX companies to date.
HCA Healthcare made its latest investment on XXXXXXXX, XXXXX. HCA Healthcare invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HCA Healthcare
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HCA Healthcare
| When was HCA Healthcare founded? | HCA Healthcare was founded in 2010. |
| Where is HCA Healthcare headquartered? | HCA Healthcare is headquartered in United States. |
| How many employees does HCA Healthcare have? | As of today, HCA Healthcare has over 320K employees. |
| Who is the CEO of HCA Healthcare? | HCA Healthcare's CEO is Samuel N. Hazen. |
| Is HCA Healthcare publicly listed? | Yes, HCA Healthcare is a public company listed on NYSE. |
| What is the stock symbol of HCA Healthcare? | HCA Healthcare trades under HCA ticker. |
| When did HCA Healthcare go public? | HCA Healthcare went public in 2011. |
| Who are competitors of HCA Healthcare? | HCA Healthcare main competitors are Alcon, Fresenius, Dr. Sulaiman Al Habib, IHH Healthcare. |
| What is the current market cap of HCA Healthcare? | HCA Healthcare's current market cap is $119B. |
| What is the current revenue of HCA Healthcare? | HCA Healthcare's last 12 months revenue is $76B. |
| What is the current revenue growth of HCA Healthcare? | HCA Healthcare revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of HCA Healthcare? | Current revenue multiple of HCA Healthcare is 2.2x. |
| Is HCA Healthcare profitable? | Yes, HCA Healthcare is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of HCA Healthcare? | HCA Healthcare's last 12 months EBITDA is $16B. |
| What is HCA Healthcare's EBITDA margin? | HCA Healthcare's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of HCA Healthcare? | Current EBITDA multiple of HCA Healthcare is 10.6x. |
| What is the current FCF of HCA Healthcare? | HCA Healthcare's last 12 months FCF is $8B. |
| What is HCA Healthcare's FCF margin? | HCA Healthcare's last 12 months FCF margin is 10%. |
| What is the current EV/FCF multiple of HCA Healthcare? | Current FCF multiple of HCA Healthcare is 21.7x. |
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