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HCA HCA Healthcare, Inc.

NYSE, CIK 0000860730, fiscal year ends 12/31. Last price 469.03 on 2026-10-23, market value 101.5 billion dollars.

Machine-readable: HCA.json, HCA.md. Sections: Graham Defensive, Magic Formula, Momentum, Insider, Buffett Quality, Lynch GARP, Graham Enterprising, Piotroski F-Score, earnings record, insiders, filings and links.

PhilosophyScoreStatusCurrent inputs as ofHistory usedPriceVerificationRules
Graham Defensive 44 ok 2025-12-31
stale: Revenue
 2014–2025 2026-10-23 9 verified, 22 unverified method
Magic Formula n/a insufficient data (no operating income in XBRL) — — — — method
Momentum 50 ok 2026-10-23 — 2026-10-23 — method
Insider 0 no open-market transactions in window 2026-10-23 — — — method
Buffett Quality 45
partial, missing 1, 5
 partial: 1, 5 2026-06-30 2016–2025 2026-10-23 0 verified, 21 unverified method
Lynch GARP 69 ok 2026-06-30 2020–2025 2026-10-23 0 verified, 3 unverified method
Graham Enterprising 35 ok 2026-06-30 2020–2025 2026-10-23 0 verified, 9 unverified method
Piotroski F-Score 67
partial, missing 8
 partial: 8 — 2024–2026 — 0 verified, 23 unverified method

Market value, source trail

market_value = traded_price (price date) / depositary_ratio x latest point-in-time SEC shares outstanding (share-count date shown; from the filing cover page, summed across share classes only where the issuer filing verifies the classes are economically equivalent (rule + evidence URL in the source text), else withheld; priced at the primary listed class, so where other classes trade at a different price the value is an approximation; restated only for issuer-verified splits after the count date); weighted-average share counts are never used

InputValueUnitPeriod / dateSource
Traded price469.03USD per traded unit (share or ADS)2026-10-23Yahoo Finance
SEC shares outstanding216,501,500underlying shares2026-07-24SEC cover page 10-Q 0001193125-26-321077 (216,501,500 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/860730/000119312526321077/hca-20260630.htm 0001193125-26-321077
Depositary ratio1.0underlying shares per traded unit domestic 10-K filer; SEC shares are the traded units
Market value price date × latest reported shares101,545,698,545USD2026-10-23
shares at 2026-07-24
469.03 (price 2026-10-23) / 1 x 216,501,500 (shares at 2026-07-24) = 101,545,698,545

Graham Defensive

44 of 100. ok. How this is scored.

Test or factorValueThresholdPoints
1 Adequate size75.6 revenue $B>= 15.0 / 5
2a Current ratio0.99>= 2.00.0 / 15
2b Long-term debt vs working capital working capital not positive— LTD / WC<= 1.00.0 / 15
3 Positive earnings each of 10 years10 of 1010 of 1015.0 / 15
4 Dividends every year for 20 years9 of 20 missing 2006, 2007, 2008, 2009, 2010, 2011, 2013, 2014, 2015, 2016, 2017 XBRL check: 8 years agree, 12 unverified20 of 206.75 / 15
5 EPS growth, 3-yr avg now vs 10 yrs ago5.48 -> 23.10 (+321%)>= +33%10.0 / 10
6 P/E on 3-year average EPS20.3<= 157.0 / 15
7 P/B <= 1.5, or P/E x P/B <= 22.5 equity not positive: book value per share is not positive, so neither leg can pass—<= 1.5 or <= 22.50.0 / 10
Inputs, 32 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)469.032026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
Revenue75600000000.02025-12-31 staleSEC XBRL Revenues 0001193125-26-044769unverified
current_assets17190000000.02026-06-30SEC XBRL AssetsCurrent 0001193125-26-321077unverified
current_liabilities17312000000.02026-06-30SEC XBRL LiabilitiesCurrent 0001193125-26-321077unverified
lt_debt43454000000.02026-06-30SEC XBRL LongTermDebtNoncurrent 0001193125-26-321077unverified
equity-6642000000.02026-06-30SEC XBRL StockholdersEquity 0001193125-26-321077unverified
Net income FY20162890000000.02016-12-31 historySEC XBRL NetIncomeLoss 0001193125-19-047078unverified
Net income FY20172216000000.02017-12-31 historySEC XBRL NetIncomeLoss 0001193125-20-043524unverified
Net income FY20183787000000.02018-12-31 historySEC XBRL NetIncomeLoss 0001193125-21-048994unverified
Net income FY20193505000000.02019-12-31 historySEC XBRL NetIncomeLoss 0001193125-22-046707unverified
Net income FY20203754000000.02020-12-31 historySEC XBRL NetIncomeLoss 0001193125-23-155487unverified
Net income FY20216956000000.02021-12-31 historySEC XBRL NetIncomeLoss 0000950170-24-016524unverified
Net income FY20225643000000.02022-12-31 historySEC XBRL NetIncomeLoss 0000950170-25-020134unverified
Net income FY20235242000000.02023-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Net income FY20245760000000.02024-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Net income FY20256784000000.02025-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Dividend years (Yahoo)[2012, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] historyYahoo Finance dividend historyverified (partly: XBRL covers 8 of 20 years)
Dividends per share FY2018 (XBRL)1.42018-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001193125-21-048994verified
Dividends per share FY2019 (XBRL)1.62019-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001193125-22-046707verified
Dividends per share FY2020 (XBRL)0.432020-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001193125-23-155487verified
Dividends per share FY2021 (XBRL)1.922021-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0000950170-24-016524verified
Dividends per share FY2022 (XBRL)2.242022-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0000950170-25-020134verified
Dividends per share FY2023 (XBRL)2.42023-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001193125-26-044769verified
Dividends per share FY2024 (XBRL)2.642024-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001193125-26-044769verified
Dividends per share FY2025 (XBRL)2.882025-12-31 historySEC XBRL CommonStockDividendsPerShareDeclared 0001193125-26-044769verified
EPS diluted FY20144.162014-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-17-052253unverified
EPS diluted FY20154.992015-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-18-056057unverified
EPS diluted FY20167.32016-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-19-047078unverified
EPS diluted FY202318.972023-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-26-044769unverified
EPS diluted FY202422.02024-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-26-044769unverified
EPS diluted FY202528.332025-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-26-044769unverified
equity-6642000000.02026-06-30SEC XBRL StockholdersEquity 0001193125-26-321077unverified

Magic Formula

insufficient data (no operating income in XBRL). How this is scored.

insufficient data (no operating income in XBRL).

Momentum

50 of 100. ok. How this is scored.

Test or factorValueThresholdPoints
12-1 month return-0.2 % (percentile 40.7)20.4 / 50
6 month return-0.7 % (percentile 40.3)8.1 / 20
Price / 52-week high0.86513.0 / 15
Volatility penalty (60d annualised)25.6 %8.7 / 15
Inputs, 1 numbers with their sources
InputValuePeriodSourceCheck
Adjusted close series (14 months)469.032026-10-23Yahoo Finance / Alpaca Market Data daily historynot cross-checked

Insider

0 of 100. no open-market transactions in window. How this is scored. Form 4 data loaded through 2026-10-23

Test or factorValueThresholdPoints
Open-market buy value / market cap (percentile among buyers)0.0 bp0.0 / 35
Distinct buyers00.0 / 25
Buyer seniority0.00.0 / 20
Recency (half-life 30d)0.00.0 / 10
Sales penalty (excludes 10b5-1 plan sales)0.0 bp-0.0 / 0
Inputs, 0 numbers with their sources
InputValuePeriodSourceCheck

Buffett Quality

45 of 100. partial: 1, 5. How this is scored.

Test or factorValueThresholdPoints
1 Average return on equity (net income / year-end equity) needs at least 5 years of net income and positive equity1 years with positive equity>= 15%None / 25
2 Profitable every year10 of 10all years15.0 / 15
3 Net income growth, 3-yr average now vs start of window+10.4% a year>= +10%10.0 / 10
4 Borrowings / 3-yr average earnings (years to repay) LongTermDebt (incl. current maturities)7.7 years<= 41.0 / 15
5 Operating margin, 5-yr average needs at least 4 of the last 5 years0 years with operating income and revenue>= 20%None / 10
6 Free cash flow / net income, 5-yr (operating cash flow minus capex)0.91>= 1.08.1 / 10
7 Owner-earnings yield (3-yr avg free cash flow / market cap)5.9%>= 7%10.9 / 15
Inputs, 23 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)469.032026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
Net income FY20162890000000.02016-12-31 historySEC XBRL NetIncomeLoss 0001193125-19-047078unverified
Net income FY20172216000000.02017-12-31 historySEC XBRL NetIncomeLoss 0001193125-20-043524unverified
Net income FY20183787000000.02018-12-31 historySEC XBRL NetIncomeLoss 0001193125-21-048994unverified
Net income FY20193505000000.02019-12-31 historySEC XBRL NetIncomeLoss 0001193125-22-046707unverified
Net income FY20203754000000.02020-12-31 historySEC XBRL NetIncomeLoss 0001193125-23-155487unverified
Net income FY20216956000000.02021-12-31 historySEC XBRL NetIncomeLoss 0000950170-24-016524unverified
Net income FY20225643000000.02022-12-31 historySEC XBRL NetIncomeLoss 0000950170-25-020134unverified
Net income FY20235242000000.02023-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Net income FY20245760000000.02024-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Net income FY20256784000000.02025-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
debt_incl_current45828000000.02026-06-30SEC XBRL LongTermDebt 0001193125-26-321077unverified
Operating cash flow FY20218959000000.02021-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0000950170-24-016524unverified
Capital expenditure FY20213577000000.02021-12-31 historySEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000950170-24-016524unverified
Operating cash flow FY20228522000000.02022-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0000950170-25-020134unverified
Capital expenditure FY20224395000000.02022-12-31 historySEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0000950170-25-020134unverified
Operating cash flow FY20239431000000.02023-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001193125-26-044769unverified
Capital expenditure FY20234744000000.02023-12-31 historySEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001193125-26-044769unverified
Operating cash flow FY202410514000000.02024-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001193125-26-044769unverified
Capital expenditure FY20244875000000.02024-12-31 historySEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001193125-26-044769unverified
Operating cash flow FY202512636000000.02025-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001193125-26-044769unverified
Capital expenditure FY20254944000000.02025-12-31 historySEC XBRL PaymentsToAcquirePropertyPlantAndEquipment 0001193125-26-044769unverified
Shares outstanding216501500.02026-07-24SEC cover page 10-Q 0001193125-26-321077 (216,501,500 shares (single class on cover)); filing document https://www.sec.gov/Archives/edgar/data/860730/000119312526321077/hca-20260630.htm 0001193125-26-321077not cross-checked

Lynch GARP

69 of 100. ok. How this is scored.

Test or factorValueThresholdPoints
1 PEG: P/E divided by 5-yr EPS growth (in % points)0.79<= 1.030.0 / 30
2 EPS growth, 5-yr compound rate+21.0% a year12% to 35% a year20.0 / 20
3 P/E on latest annual EPS16.6<= 2510.0 / 10
4 Borrowings / equity equity not positive—<= 0.50.0 / 15
5 Years of the last 5 in which EPS rose3 of 55 of 59.0 / 15
6 Net cash (cash minus borrowings) / market cap-44.1%>= +10%0.0 / 10
Inputs, 4 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)469.032026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
EPS diluted FY202528.332025-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-26-044769unverified
EPS diluted FY202010.932020-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-23-155487unverified
cash1013000000.02026-06-30SEC XBRL CashAndCashEquivalentsAtCarryingValue 0001193125-26-321077unverified

Graham Enterprising

35 of 100. ok. How this is scored.

Test or factorValueThresholdPoints
1 Current ratio0.99>= 1.50.0 / 15
2 Borrowings vs working capital working capital not positive—<= 1.1x0.0 / 15
3 No earnings deficit in the last 5 years5 of 5 profitable5 of 515.0 / 15
4 Pays a current dividendyesyes10.0 / 10
5 EPS higher than five years earlier10.93 -> 28.33higher10.0 / 10
6 Price / book value per share equity not positive—<= 1.20.0 / 20
7 Price / net current asset value per share (current assets minus all liabilities) net current asset value not positive—<= 0.670.0 / 15
Inputs, 11 numbers with their sources
InputValuePeriodSourceCheck
Price (close, per traded unit)469.032026-10-23Alpaca Market Data (consolidated SIP daily bar)not cross-checked
current_assets17190000000.02026-06-30SEC XBRL AssetsCurrent 0001193125-26-321077unverified
current_liabilities17312000000.02026-06-30SEC XBRL LiabilitiesCurrent 0001193125-26-321077unverified
Net income FY20216956000000.02021-12-31 historySEC XBRL NetIncomeLoss 0000950170-24-016524unverified
Net income FY20225643000000.02022-12-31 historySEC XBRL NetIncomeLoss 0000950170-25-020134unverified
Net income FY20235242000000.02023-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Net income FY20245760000000.02024-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Net income FY20256784000000.02025-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
Dividend years (Yahoo)[2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026] historyYahoo Finance dividend historynot cross-checked
EPS diluted FY202528.332025-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-26-044769unverified
EPS diluted FY202010.932020-12-31 historySEC XBRL EarningsPerShareDiluted 0001193125-23-155487unverified

Piotroski F-Score

67 of 100. partial: 8. How this is scored.

Test or factorValueThresholdPoints
1 Return on assets is positive11.2%pass = 111.11111111111111 / 11.11111111111111
2 Operating cash flow is positive12,636Mpass = 111.11111111111111 / 11.11111111111111
3 Return on assets improved on the prior year9.7% -> 11.2%pass = 111.11111111111111 / 11.11111111111111
4 Operating cash flow exceeds net income (accruals)12,636M vs 6,784Mpass = 111.11111111111111 / 11.11111111111111
5 Long-term debt / assets fell64.4% -> 68.5%pass = 10.0 / 11.11111111111111
6 Current ratio improved1.08 -> 0.97pass = 10.0 / 11.11111111111111
7 No new shares issued (share count did not rise)234M -> 217Mpass = 111.11111111111111 / 11.11111111111111
8 Operating margin improved (stand-in for gross margin, which the dataset does not carry) an input is not reported for one of the two years—pass = 1None / 11.11111111111111
9 Asset turnover (revenue / assets) improved1.19 -> 1.25pass = 111.11111111111111 / 11.11111111111111
Inputs, 23 numbers with their sources
InputValuePeriodSourceCheck
net_income 2025-12-316784000000.02025-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
total_assets 2025-12-3160720000000.02025-12-31 historySEC XBRL Assets 0001193125-26-321077unverified
cfo 2025-12-3112636000000.02025-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001193125-26-044769unverified
net_income 2025-12-316784000000.02025-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
net_income 2024-12-315760000000.02024-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
total_assets 2025-12-3160720000000.02025-12-31 historySEC XBRL Assets 0001193125-26-321077unverified
total_assets 2024-12-3159513000000.02024-12-31 historySEC XBRL Assets 0001193125-26-044769unverified
cfo 2025-12-3112636000000.02025-12-31 historySEC XBRL NetCashProvidedByUsedInOperatingActivities 0001193125-26-044769unverified
net_income 2025-12-316784000000.02025-12-31 historySEC XBRL NetIncomeLoss 0001193125-26-044769unverified
lt_debt 2025-12-3141603000000.02025-12-31 historySEC XBRL LongTermDebtNoncurrent 0001193125-26-321077unverified
lt_debt 2024-12-3138333000000.02024-12-31 historySEC XBRL LongTermDebtNoncurrent 0001193125-26-044769unverified
total_assets 2025-12-3160720000000.02025-12-31 historySEC XBRL Assets 0001193125-26-321077unverified
total_assets 2024-12-3159513000000.02024-12-31 historySEC XBRL Assets 0001193125-26-044769unverified
current_assets 2025-12-3115783000000.02025-12-31 historySEC XBRL AssetsCurrent 0001193125-26-321077unverified
current_assets 2024-12-3116414000000.02024-12-31 historySEC XBRL AssetsCurrent 0001193125-26-044769unverified
current_liabilities 2025-12-3116350000000.02025-12-31 historySEC XBRL LiabilitiesCurrent 0001193125-26-321077unverified
current_liabilities 2024-12-3115177000000.02024-12-31 historySEC XBRL LiabilitiesCurrent 0001193125-26-044769unverified
shares_out 2026-07-24216501500.02026-07-24 historySEC XBRL EntityCommonStockSharesOutstanding 0001193125-26-321077unverified
shares_out 2025-07-31233993500.02025-07-31 historySEC XBRL EntityCommonStockSharesOutstanding 0000950170-25-102056unverified
revenue 2025-12-3175600000000.02025-12-31 historySEC XBRL Revenues 0001193125-26-044769unverified
revenue 2024-12-3170603000000.02024-12-31 historySEC XBRL Revenues 0001193125-26-044769unverified
total_assets 2025-12-3160720000000.02025-12-31 historySEC XBRL Assets 0001193125-26-321077unverified
total_assets 2024-12-3159513000000.02024-12-31 historySEC XBRL Assets 0001193125-26-044769unverified

Earnings record

SEC XBRL, by fiscal year (named by the calendar year it ends in); EPS split-adjusted to today's shares; each row links to the filing.

FYEndedRevenue, $MNet income, $MEPS dilutedDividendFiling
20132013-12-311,5563.37none0001193125-16-482165
20142014-12-311,8754.16none0001193125-17-052253
20152015-12-312,1294.99none0001193125-18-056057
20162016-12-312,8907.3none0001193125-19-047078
20172017-12-312,2165.95none0001193125-20-043524
20182018-12-313,78710.66paid0001193125-21-048994
20192019-12-3151,3363,50510.07paid0001193125-22-046707
20202020-12-3151,5333,75410.93paid0001193125-23-155487
20212021-12-3158,7526,95621.16paid0000950170-24-016524
20222022-12-3160,2335,64319.15paid0000950170-25-020134
20232023-12-3164,9685,24218.97paid0001193125-26-044769
20242024-12-3170,6035,76022.0paid0001193125-26-044769
20252025-12-3175,6006,78428.33paid0001193125-26-044769

Insider transactions

SEC Form 4 open-market purchases and sales from the insider data sets; latest 20.

No open-market transactions in the loaded quarters.