HCA Healthcare annual free cash flow
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2025
HCA Healthcare Free Cash Flow (FCF) History (HCA)
HCA Healthcare reported $7.69B in free cash flow for fiscal 2025, an increase of 36.41% from the previous fiscal year, with a free cash flow margin of 10.17%.
View full HCA Healthcare company overviewHCA Healthcare free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.69B | $2.05B | +36.41% | +10.17% |
| 2024 | 2024-12-31 | $5.64B | $952.0M | +20.31% | +7.99% |
| 2023 | 2023-12-31 | $4.69B | $560.0M | +13.57% | +7.21% |
| 2022 | 2022-12-31 | $4.13B | −$1.25B | −23.32% | +6.85% |
| 2021 | 2021-12-31 | $5.38B | −$1.01B | −15.87% | +9.16% |
| 2020 | 2020-12-31 | $6.40B | $2.95B | +85.74% | +12.41% |
| 2019 | 2019-12-31 | $3.44B | $256.0M | +8.03% | +6.71% |
| 2018 | 2018-12-31 | $3.19B | $777.0M | +32.23% | +6.83% |
| 2017 | 2017-12-31 | $2.41B | −$482.0M | −16.66% | +5.53% |
| 2016 | 2016-12-31 | $2.89B | $534.0M | +22.64% | +6.97% |
| 2015 | 2015-12-31 | $2.36B | $87.0M | +3.83% | — |
| 2014 | 2014-12-31 | $2.27B | $535.0M | +30.80% | — |
| 2013 | 2013-12-31 | $1.74B | −$576.0M | −24.90% | — |
| 2012 | 2012-12-31 | $2.31B | $59.0M | +2.62% | — |
| 2011 | 2011-12-31 | $2.25B | $494.0M | +28.07% | — |
| 2010 | 2010-12-31 | $1.76B | $330.0M | +23.08% | — |
| 2009 | 2009-12-31 | $1.43B | — | — | — |
HCA Healthcare quarterly free cash flow
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Q1.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | $895.0M | $235.0M | +35.61% | +4.68% |
| Q4 2025 | 2025-12-31 | $870.0M | −$404.0M | −31.71% | +4.46% |
| Q3 2025 | 2025-09-30 | $3.13B | $804.0M | +34.60% | +16.32% |
| Q2 2025 | 2025-06-30 | $3.03B | $2.34B | +339.71% | +16.31% |
| Q1 2025 | 2025-03-31 | $660.0M | −$691.0M | −51.15% | +3.60% |
| Q4 2024 | 2024-12-31 | $1.27B | −$241.0M | −15.91% | +6.97% |
| Q3 2024 | 2024-09-30 | $2.32B | $992.0M | +74.47% | +13.29% |
| Q2 2024 | 2024-06-30 | $690.0M | −$544.0M | −44.08% | +3.94% |
| Q1 2024 | 2024-03-31 | $1.35B | $745.0M | +122.94% | +7.79% |
| Q4 2023 | 2023-12-31 | $1.51B | $311.0M | +25.83% | +8.76% |
| Q3 2023 | 2023-09-30 | $1.33B | −$557.0M | −29.49% | +8.22% |
| Q2 2023 | 2023-06-30 | $1.23B | $684.0M | +124.36% | +7.78% |
| Q1 2023 | 2023-03-31 | $606.0M | $122.0M | +25.21% | +3.89% |
| Q4 2022 | 2022-12-31 | $1.20B | −$47.0M | −3.76% | +7.77% |
| Q3 2022 | 2022-09-30 | $1.89B | $501.0M | +36.10% | +12.62% |
| Q2 2022 | 2022-06-30 | $550.0M | −$859.0M | −60.97% | +3.71% |
| Q1 2022 | 2022-03-31 | $484.0M | −$850.0M | −63.72% | +3.24% |
| Q4 2021 | 2021-12-31 | $1.25B | $5.58B | — | +8.30% |
| Q3 2021 | 2021-09-30 | $1.39B | −$840.0M | −37.70% | +9.09% |
| Q2 2021 | 2021-06-30 | $1.41B | −$6.57B | −82.34% | +9.76% |
| Q1 2021 | 2021-03-31 | $1.33B | $812.0M | +155.56% | +9.54% |
| Q4 2020 | 2020-12-31 | −$4.33B | −$5.56B | — | −30.30% |
| Q3 2020 | 2020-09-30 | $2.23B | $1.24B | +125.73% | +16.74% |
| Q2 2020 | 2020-06-30 | $7.98B | $6.95B | +672.31% | +72.08% |
| Q1 2020 | 2020-03-31 | $522.0M | $329.0M | +170.47% | +4.06% |
| Q4 2019 | 2019-12-31 | $1.23B | $209.0M | +20.45% | +9.10% |
| Q3 2019 | 2019-09-30 | $987.0M | $112.0M | +12.80% | +7.78% |
| Q2 2019 | 2019-06-30 | $1.03B | $331.0M | +47.15% | +8.20% |
| Q1 2019 | 2019-03-31 | $193.0M | −$396.0M | −67.23% | +1.54% |
| Q4 2018 | 2018-12-31 | $1.02B | $270.0M | +35.90% | +8.33% |
| Q3 2018 | 2018-09-30 | $875.0M | $596.0M | +213.62% | +7.64% |
| Q2 2018 | 2018-06-30 | $702.0M | $31.0M | +4.62% | +6.09% |
| Q1 2018 | 2018-03-31 | $589.0M | −$120.0M | −16.93% | +5.16% |
| Q4 2017 | 2017-12-31 | $752.0M | −$71.0M | −8.63% | — |
| Q3 2017 | 2017-09-30 | $279.0M | −$215.0M | −43.52% | +2.61% |
| Q2 2017 | 2017-06-30 | $671.0M | −$15.0M | −2.19% | +6.25% |
| Q1 2017 | 2017-03-31 | $709.0M | −$181.0M | −20.34% | — |
| Q4 2016 | 2016-12-31 | $823.0M | $69.0M | +9.15% | — |
| Q3 2016 | 2016-09-30 | $494.0M | −$40.0M | −7.49% | — |
| Q2 2016 | 2016-06-30 | $686.0M | $187.0M | +37.47% | — |
| Q1 2016 | 2016-03-31 | $890.0M | $318.0M | +55.59% | — |
| Q4 2015 | 2015-12-31 | $754.0M | −$179.0M | −19.19% | — |
| Q3 2015 | 2015-09-30 | $534.0M | −$25.0M | −4.47% | — |
| Q2 2015 | 2015-06-30 | $499.0M | −$238.0M | −32.29% | — |
| Q1 2015 | 2015-03-31 | $572.0M | $529.0M | +1230.23% | — |
| Q4 2014 | 2014-12-31 | $933.0M | $303.0M | +48.10% | — |
| Q3 2014 | 2014-09-30 | $559.0M | $110.0M | +24.50% | — |
| Q2 2014 | 2014-06-30 | $737.0M | $415.0M | +128.88% | — |
| Q1 2014 | 2014-03-31 | $43.0M | −$293.0M | −87.20% | — |
| Q4 2013 | 2013-12-31 | $630.0M | −$39.0M | −5.83% | — |
| Q3 2013 | 2013-09-30 | $449.0M | $278.0M | +162.57% | — |
| Q2 2013 | 2013-06-30 | $322.0M | −$689.0M | −68.15% | — |
| Q1 2013 | 2013-03-31 | $336.0M | −$126.0M | −27.27% | — |
| Q4 2012 | 2012-12-31 | $669.0M | −$209.0M | −23.80% | — |
| Q3 2012 | 2012-09-30 | $171.0M | −$315.0M | −64.81% | — |
| Q2 2012 | 2012-06-30 | $1.01B | $710.0M | +235.88% | — |
| Q1 2012 | 2012-03-31 | $462.0M | −$127.0M | −21.56% | — |
| Q4 2011 | 2011-12-31 | $878.0M | $809.0M | +1172.46% | — |
| Q3 2011 | 2011-09-30 | $486.0M | −$446.0M | −47.85% | — |
| Q2 2011 | 2011-06-30 | $301.0M | $187.0M | +164.04% | — |
| Q1 2011 | 2011-03-31 | $589.0M | −$56.0M | −8.68% | — |
| Q4 2010 | 2010-12-31 | $69.0M | — | — | — |
| Q3 2010 | 2010-09-30 | $932.0M | — | — | — |
| Q2 2010 | 2010-06-30 | $114.0M | — | — | — |
| Q1 2010 | 2010-03-31 | $645.0M | — | — | — |
HCA Healthcare free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $6.40B to $7.69B, a compound annual growth rate of 3.76%. HCA Healthcare's latest reported quarter, Q1 2026, generated $895.0M in free cash flow, an increase of 35.61% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review HCA Healthcare filings at SEC.gov ↗