OakChart

HCA Healthcare Inc

HCAHealthcare·Medical Care Facilities·USA·Large·NYSE·Nov 11 • 11:13 AM ET

497.67-6.75 (-1.34%)
2026-11-11 17:14 CET
Market cap
105,369.81 USD m
Revenue, TTM
78,701.00 USD m
Net income, TTM
6,776.00 USD m
Free cash flow, TTM
5,973.00 USD m
EPS diluted, TTM
30.18
P/E
16.49
Compare

Price

HCA against its 20, 50 and 200-day averages
2050200beat
350.00400.00450.00500.002.7M5.4MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26HCAclose 497.6720-day 476.2150-day 448.84200-day 445.15497.6752w low

10.6% under the 52-week high of 556.52 on 12 Mar 2026. 52-week low 353.99 on 14 Jul 2026. Last 15 sessions, 18.6% high to low

Profile

HCA
52-week range, 71% of the way up
353.99556.52

HCA Healthcare, Inc. is a health care services company, which engages in operating hospitals, freestanding surgery centers and emergency care facilities, urgent care facilities, walk-in clinics, diagnostic and imaging centers, radiation and oncology therapy centers, comprehensive rehabilitation and physical therapy centers, physician practices, home health, hospice, outpatient physical therapy home and community-based services providers, and various other facilities. The firm operates general and acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services, and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy. The company was founded by Dr. Thomas F. Frist, Jr in 1968 and is headquartered in Nashville, TN.

IndexS&P 500, RUI
Employees320000
IPOMar 10, 2011
Beta1.09
ATR, 14d15.98
Rel volume0.84
Short float3.44%
Insider own33.18%
Inst own64.70%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap103.96B
Enterprise Value158.84B
Income6.78B
Sales78.70B
Book/sh-38.30
Cash/sh4.88
Dividend Est.2.80 (0.56%)
Dividend TTM3.06 (0.61%)
Dividend Ex-DateDec 15, 2026
Dividend Gr. 3/5Y8.74% 46.28%
Payout10.17%
Employees320000
IPOMar 10, 2011

Ratios

P/E16.49
Forward P/E15.88
PEG2.15
P/S1.32
P/B-
P/C102.02
P/FCF17.40
EV/EBITDA10.06
EV/Sales2.02
Quick Ratio0.74
Current Ratio0.82
Debt/Eq-
LT Debt/Eq-
Option/ShortYes / Yes

Earnings

EPS (ttm)30.18
EPS next Y31.34
EPS next Q8.18
EPS this Y6.71%
EPS next Y4.10%
EPS next 5Y7.39%
EPS past 3/5Y13.94% 20.99%
Sales past 3/5Y7.87% 7.97%
EPS Y/Y TTM16.59%
Sales Y/Y TTM5.82%
EPS Q/Q4.50%
Sales Q/Q3.59%
EarningsOct 27 BMO
EPS/Sales Surpr.8.52% 2.70%

Ownership

Insider Own33.18%
Insider Trans-0.05%
Inst Own64.70%
Inst Trans-1.96%
ROA11.00%
ROE-
ROIC18.69%
Gross Margin15.31%
Oper. Margin15.31%
Profit Margin8.61%
SMA204.51%
SMA5010.88%
SMA20011.80%
Trades-

Technical

Shs Outstand210.88M
Shs Float139.59M
Short Float3.44%
Short Ratio3.52
Short Interest4.80M
52W High556.52 -10.57%
52W Low353.99 40.59%
Volatility2.74% 3.15%
ATR (14)15.98
RSI (14)61.17
Beta1.09
Rel Volume0.84
Avg Volume1.36M
Volume349,008

Performance

Perf Week-2.55%
Perf Month8.01%
Perf Quarter20.87%
Perf Half Y16.40%
Perf YTD6.60%
Perf Year7.65%
Perf 3Y113.76%
Perf 5Y103.97%
Perf 10Y615.25%
Recom1.96
Target Price483.90
Prev Close504.42
Price497.67
Change %-1.34%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 23, 2026InitiatedBBMO Capital MarketsOutperform$495-0.5%
Jul 08, 2026DowngradeBBarclaysOverweight → Equal Weight$427-14.2%
Dec 15, 2025DowngradeMMorgan StanleyEqual-Weight → Underweight$425-14.6%
Oct 14, 2025ResumedGGoldmanBuy$470-5.6%
Jul 28, 2025DowngradeWWolfe ResearchOutperform → Peer Perform
Jul 16, 2025DowngradeBBofA SecuritiesBuy → Neutral$394-20.8%
May 29, 2025UpgradeWWells FargoUnderweight → Equal Weight$385-22.6%
Apr 15, 2025DowngradeRRobert W. BairdOutperform → Neutral$336-32.5%
Dec 17, 2024ResumedJJP MorganNeutral$380-23.6%
Nov 25, 2024DowngradeWWells FargoEqual Weight → Underweight$400 → $320-35.7%

Peers

Mkt cap
TickerCompanyMkt cap
UHSUniversal Health Services Inc11.12B
THCTenet Healthcare Corp22.73B
CYHCommunity Health Systems Inc308.15M
EHCEncompass Health Corp13.77B
ACHCAcadia Healthcare Company Inc3.55B
ENSGEnsign Group Inc10.72B
UNHUnitedhealth Group Inc356.91B
ELVElevance Health Inc91.53B
CICigna Group77.73B
CVSCVS Health Corp112.34B

Insider trading

latest 14 of 25
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Rossitto EricaSVP & Chief Nurse ExecutiveNov 06 '26Option Exercise89.3413,1201,172,08323,527Nov 10 05:09 PM
Rossitto EricaSVP & Chief Nurse ExecutiveNov 10 '26Sale505.813,5001,770,33513,426Nov 10 05:09 PM
Erica RossittoOfficerNov 10 '26Proposed Sale505.813,5001,770,335Nov 10 04:02 PM
Schlosser Michael JEVP and Chief Clinical OfficerNov 04 '26Sale494.651,200593,5831,443Nov 06 05:11 PM
Foster Jon MEVP and COONov 04 '26Option Exercise145.2435,8805,211,21135,880Nov 06 05:09 PM
Foster Jon MEVP and COONov 06 '26Sale494.9521,71310,746,78410,000Nov 06 05:09 PM
Foster Jon MEVP and COONov 04 '26Sale514.0710,0005,140,6980Nov 06 05:09 PM
Jon M FosterOFFICERNov 04 '26Proposed Sale514.0731,74216,317,603Nov 04 08:27 PM
Michael J SchlosserOfficerNov 04 '26Proposed Sale494.651,200593,583Nov 04 04:28 PM
Marks Mike AEVP and CFOOct 30 '26Option Exercise81.964,585375,7874,585Nov 03 07:41 PM
Schlosser Michael JEVP and Chief Clinical OfficerOct 29 '26Option Exercise82.304,928405,5885,098Nov 02 05:52 PM
Michael S CuffeOfficerOct 29 '26Proposed Sale477.0011,8005,628,600Oct 29 04:18 PM
McAlevey Michael REVP & Chief Legal & Admin Off.Feb 13 '26Option Exercise236.615,0001,183,05013,853Feb 18 07:18 PM
McAlevey Michael REVP & Chief Legal & Admin Off.Feb 18 '26Sale533.371,694903,5378,853Feb 18 07:18 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLVState Street Health Care Select Sector SPDR ETFAUM: 50.35B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 183.48B
VHTVanguard Health Care ETFAUM: 21.51B
IWDiShares Russell 1000 Value Index FundAUM: 84.71B

News

latest 14 of 103
  • HCA Healthcare Named a Best Employer for Veterans by Military Times for Seventh Consecutive Year (Business Wire)
  • Google launches Gemini for Healthcare, and hospitals like Northwell hope it brings down your medical bill (Fortune)
  • These Were the Stocks That Won and Lost the Most as Dow Jumped More Than 3% after the Midterms (International Business Times)
  • Where Trump and the Dems Can Meet in the Middle (Barrons.com)
  • Hospitals under pressure? This surgery-center chain is up 40.8% since April (Investing.com)
  • Loading…
  • Healthcare Stocks Bounce on Midterm Results. A Bull Market Case Is Developing. (Barrons.com) +10.34%
  • Hospital stocks rally while drugmakers brace for scrutiny. Here's what the Democratic wave means for healthcare. (MarketWatch)
  • Top stocks to watch on Democratic gains: First Solar, NextEra Energy, HCA Healthcare (Investing.com)
  • Health insurers, hospitals rally after sweeping midterm win for Democrats (Reuters)
  • The Stock Market's Midterm Winners and Losers (The Wall Street Journal)
  • Policy relief sparks surge in health insurance and hospital stocks (Investing.com)
  • HCA Healthcare, Centene, Oscar Ride Blue Wave To Buy Points (Investor's Business Daily)
  • Election Odds Favor a Blue Wave. These Stocks Could Pop. (Barrons.com)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-277.2206.6537.27019,84919,32822
2026Q22026-07-247.5907.5627.62520,23019,75721
2026Q12026-04-247.1507.1247.14819,10919,08820
2025Q42026-01-278.0107.4598.14019,51319,68521
2025Q32025-10-246.9605.7926.95719,16118,60018
2025Q22025-07-256.8406.2946.83318,60518,49920
2025Q12025-04-256.4505.7496.45518,32118,26020
2024Q42025-01-246.2206.1305.63218,28518,23420
2024Q32024-10-254.9004.9584.88617,48717,54020
2024Q22024-07-235.5004.9335.53317,49217,05319
2024Q12024-04-265.3605.0565.93617,33916,81220
2023Q42024-01-305.9005.0485.92617,30316,51318
2023Q32023-10-243.9103.9753.91816,21315,82218
2023Q22023-07-274.2904.2474.28815,86115,63220
2023Q12023-04-214.9303.9124.85115,59115,26721
2022Q42023-01-274.6404.7907.28515,49715,63020

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY10.50010.50910.06551,33651,179
2020FY11.61011.07110.92551,53351,223
2021FY17.50017.84621.15958,75259,023
2022FY16.89017.01519.15160,23360,351
2023FY19.01018.20218.96464,96864,154
2024FY21.96021.94222.00170,60370,566
2025FY28.21027.68328.33075,60075,735
2026FY-30.103--79,170
2027FY-31.338--81,631
2028FY-34.935--85,340
2029FY-39.114--90,868
2030FY-44.620--96,297

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-02219120,01719,69520,288
2026Q4S2026-10-30219220,01819,69520,288
2026Q4S2026-10-29218219,97019,15620,288
2026Q4S2026-10-28218219,97019,15620,288
2026Q4S2026-10-27218219,97119,15620,288
2026Q4S2026-10-09210219,84019,15620,233
2026Q4S2026-10-07210219,84919,15620,233
2026Q4S2026-09-30200919,84919,15620,233
2026Q4S2026-09-272001119,84919,15620,233
2026Q4S2026-09-262001319,84919,15620,233
2026Q4S2026-09-252001519,84919,15620,233
2026Q4S2026-09-212001619,84019,15620,233
2026Q4S2026-09-021901619,83219,15620,233
2026Q4S2026-08-311901719,83219,15620,233

Estimate history

EPS, annual5.95310.65910.06510.92521.15919.15118.96422.00128.32630.1817
Period201720182019202020212022202320242025TTM
EPS, quarterly4.8865.6326.4556.8336.9578.147.1487.6257.269
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual43614466775133651533587526023364968706037560078701
Period201720182019202020212022202320242025TTM
Sales, quarterly174871828518321186051916119513191092023019849
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual350.092342.895338.446339.426305.477277.378265.537249.981224.605210.881
Period201720182019202020212022202320242025MRQ
Shares, quarterly254.518249.981242.955236.144229.845224.605222.531217.963210.881
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue78,701.0075,600.0070,603.0064,968.0060,233.0058,752.0051,533.0051,336.0046,677.00
Cost of Goods Sold Incl. D&A66,649.0063,635.0060,056.0055,341.0051,180.0049,074.0044,271.0043,621.0039,637.00
Gross Profit12,052.0011,965.0010,547.009,627.009,053.009,678.007,262.007,715.007,040.00
Other Operating Expense0.000.000.000.000.000.000.00497.00447.00
Operating Income12,052.0011,965.0010,547.009,627.009,053.009,678.007,262.007,218.006,593.00
Interest Expense2,362.002,248.002,061.001,938.001,739.001,529.001,560.001,841.001,765.00
Unusual Expense0.000.000.000.0078.0012.00295.00211.00-40.00
Net Income Before Taxes9,823.009,832.008,523.007,706.008,580.009,833.005,430.005,244.005,335.00
Income Taxes2,024.002,050.001,866.001,615.001,746.002,112.001,043.001,099.00946.00
Consolidated Net Income7,799.007,782.006,657.006,091.006,834.007,721.004,387.004,145.004,389.00
Net Income From Continuing Operations6,776.006,784.005,760.005,242.005,643.006,956.003,754.003,505.003,787.00
Net Income6,776.006,784.005,760.005,242.005,643.006,956.003,754.003,505.003,787.00
EPS (Recurring)31.2028.3322.0018.9619.3421.1811.5310.4910.58
EPS (Basic, Before Extraordinaries)30.5328.7022.2719.2419.4421.5111.1010.2710.90
EPS (Diluted)30.1828.3322.0018.9619.1521.1610.9310.0710.66
EBITDA15,791.0015,488.0013,859.0012,704.0012,022.0012,531.009,983.009,814.008,871.00
Non-Operating Income (Expense)133.00115.0037.0017.001,344.001,696.0023.0078.00467.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense-316.79284.40206.98269.39321.20264.26253.31211.72
Price To Earnings Ratio16.7116.7113.4713.3113.5512.0915.0614.6911.68
Price To Sales Ratio1.181.481.111.151.171.441.101.000.95
Gross Margin15.3115.8314.9414.8215.0316.4714.0915.0315.08
Operating Margin15.3115.8314.9414.8215.0316.4714.0914.0614.12
Net Margin8.618.978.168.079.3711.847.286.838.11
Shares Outstanding210.88224.61249.98265.54277.38305.48339.43338.45342.90
Market Capitalization105,369.81105,369.8176,027.0972,450.4867,840.7779,908.0355,649.1550,133.9042,830.84

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue19,849.0020,230.0019,109.0019,513.0019,161.0018,605.0018,321.0018,285.00
Cost of Goods Sold Incl. D&A16,905.0017,163.0016,246.0016,335.0016,196.0015,638.0015,466.0015,439.00
Gross Profit2,944.003,067.002,863.003,178.002,965.002,967.002,855.002,846.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income2,944.003,067.002,863.003,178.002,965.002,967.002,855.002,846.00
Interest Expense607.00599.00584.00572.00561.00568.00547.00528.00
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes2,370.002,494.002,287.002,672.002,418.002,415.002,327.002,133.00
Income Taxes521.00564.00430.00509.00515.00524.00502.00447.00
Consolidated Net Income1,849.001,930.001,857.002,163.001,903.001,891.001,825.001,686.00
Net Income From Continuing Operations1,579.001,699.001,620.001,878.001,643.001,653.001,610.001,438.00
Net Income1,579.001,699.001,620.001,878.001,643.001,653.001,610.001,438.00
EPS (Recurring)7.277.627.158.146.966.836.455.63
EPS (Basic, Before Extraordinaries)7.367.707.258.227.056.916.525.70
EPS (Diluted)7.277.627.158.146.966.836.455.63
EBITDA3,898.004,011.003,793.004,089.003,854.003,830.003,715.003,702.00
Non-Operating Income (Expense)33.0026.008.0066.0014.0016.0019.00-185.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Price To Earnings Ratio16.7113.4116.6718.0417.9017.0215.7213.47
Price To Sales Ratio1.181.111.401.421.351.271.201.09
Gross Margin14.8315.1614.9816.2915.4715.9515.5815.56
Operating Margin14.8315.1614.9816.2915.4715.9515.5815.56
Net Margin7.968.408.489.628.578.888.797.86
Shares Outstanding210.88217.96222.53224.61229.85236.14242.96249.98
Market Capitalization105,369.8186,493.20105,826.88106,534.6599,728.2492,163.9085,075.4576,027.09

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments1,143.002,021.001,022.001,000.001,554.001,909.00768.00549.00786.00
Short Term Receivables10,876.0010,796.009,966.008,903.008,106.007,059.007,389.006,799.006,506.00
Inventories1,652.001,738.002,021.002,068.001,986.002,025.001,849.001,732.001,573.00
Other Current Assets2,112.001,859.001,918.001,672.001,896.001,340.001,190.001,133.001,112.00
Total Current Assets15,783.0016,414.0014,927.0013,643.0013,542.0012,333.0011,196.0010,213.009,977.00
Net Property, Plant & Equipment33,271.0031,545.0029,922.0027,640.0026,176.0025,223.0024,549.0019,757.0017,895.00
Total Investments and Advances1,118.001,231.001,233.001,204.00886.00810.00564.00594.00617.00
Long-Term Note Receivable38.0035.0034.0048.0044.0031.0037.0040.0019.00
Intangible Assets10,293.0010,093.009,945.009,653.009,540.008,578.008,269.007,953.007,394.00
Other Assets217.00195.00150.00250.00554.00515.00443.00650.00691.00
Total Assets60,720.0059,513.0056,211.0052,438.0050,742.0047,490.0045,058.0039,207.0036,593.00
Short Term Debt Incl. Current Port. of LT Debt5,241.005,041.002,787.00734.00629.00588.00495.00788.00200.00
Accounts Payable4,659.004,276.004,233.004,239.004,111.003,535.002,905.002,577.002,606.00
Other Current Liabilities6,450.005,860.005,635.004,929.004,842.004,581.004,357.004,204.003,352.00
Total Current Liabilities16,350.0015,177.0012,655.009,902.009,582.008,704.007,757.007,569.006,158.00
Long Term Debt43,456.0040,196.0039,072.0039,466.0036,097.0032,468.0035,076.0032,033.0032,858.00
Provision for Risks Charges1,466.001,544.001,557.001,528.001,514.001,486.001,370.001,275.001,198.00
Other Liabilities2,219.002,041.001,867.001,615.002,060.001,940.001,420.001,248.001,374.00
Total Liabilities63,491.0058,958.0055,151.0052,511.0049,253.0044,598.0045,623.0042,125.0041,588.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity-6,027.00-2,499.00-1,774.00-2,767.00-933.00572.00-2,808.00-4,950.00-6,806.00
Total Shareholders Equity-6,027.00-2,499.00-1,774.00-2,767.00-933.00572.00-2,808.00-4,950.00-6,806.00
Accumulated Minority Interest3,256.003,054.002,834.002,694.002,422.002,320.002,243.002,032.001,811.00
Total Equity-2,771.00555.001,060.00-73.001,489.002,892.00-565.00-2,918.00-4,995.00
Total Liabilities & Stockholders Equity60,720.0059,513.0056,211.0052,438.0050,742.0047,490.0045,058.0039,207.0036,593.00
Book Value Per Share-26.83-10.00-6.68-9.98-3.051.69-8.30-14.44-19.44
Tangible Book Value Per Share-72.66-50.37-44.13-44.78-34.28-23.59-32.73-37.63-40.56
Full-Time Employees320,000316,000310,000294,000284,000275,000280,000262,000253,000
Price to Book Ratio-13.17-35.01-29.39-20.22-84.1297.59-17.82-8.62-4.62
Return on Assets11.289.959.6510.9414.168.118.329.996.30
Return on Invested Capital18.1215.2814.0515.3819.7811.3610.8613.988.51
Quick Ratio0.860.971.021.171.211.181.201.121.36
Current Ratio0.971.081.181.381.411.421.441.351.62

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income7,799.007,782.006,657.006,091.006,834.007,721.004,387.004,145.004,389.00
Depreciation3,739.003,523.003,312.003,077.002,969.002,853.002,721.002,596.002,278.00
Other Funds (Non Cash)591.00603.00629.00491.00-700.00-1,042.00846.00949.0061.00
Funds from Operations11,223.0012,218.0010,620.009,888.009,674.009,462.007,954.007,690.006,728.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-54.00418.00-106.00-457.00-1,152.00-503.001,278.00-88.0033.00
Cash from Operating Activities11,169.0012,636.0010,514.009,431.008,522.008,959.009,232.007,602.006,761.00
Capital Expenditures-5,196.00-4,944.00-4,875.00-4,744.00-4,395.00-3,577.00-2,835.00-4,158.00-3,573.00
Net Assets From Acquisitions-978.00-397.00-266.00-635.00-224.00-1,105.00-568.00-1,682.00-1,253.00
Sale of Fixed Assets and Businesses199.00269.00328.00193.001,237.002,160.0068.0061.00808.00
Purchase or Sale of Investments-116.0072.00-115.00-112.0014.00-117.00-20.0025.0057.00
Purchase of Investments-188.000.00-115.00-112.000.00-117.00-20.000.000.00
Sale Or Maturity of Investments72.0072.000.00-14.000.000.0025.0057.00
Other Uses6.000.00-5.00-19.00-21.00-4.00-38.000.000.00
Other Sources13.0012.000.000.000.000.000.0034.0060.00
Cash from Investing Activities-6,072.00-4,988.00-4,933.00-5,317.00-3,389.00-2,643.00-3,393.00-5,720.00-3,901.00
Cash Dividends Paid-681.00-679.00-690.00-661.00-653.00-624.00-153.00-550.00-487.00
Change in Capital Stock-9,163.00-10,067.00-6,042.00-3,811.00-7,000.00-8,215.00-441.00-1,031.00-1,530.00
Repurchase of Common Pref Stock-9,163.00-10,067.00-6,042.00-3,811.00-7,000.00-8,215.00-441.00-1,031.00-1,530.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net5,731.003,208.003,138.001,264.003,234.003,217.00-3,252.00494.00-369.00
Change in Long Term Debt1,928.001,006.005,018.002,284.003,114.00437.00-772.001,054.00-369.00
Issuance of Long Term Debt6,196.008,395.007,428.003,193.005,944.004,306.002,665.006,378.001,975.00
Reduction of Long Term Debt-4,268.00-7,389.00-2,410.00-909.00-2,830.00-3,869.00-3,437.00-5,324.00-2,344.00
Net Financing Active Other Cash Flow-1,069.00-1,012.00-988.00-886.00-1,237.00-1,033.00-831.00-684.00-689.00
Other Financing Activities Uses-1,069.00-1,012.00-988.00-886.00-1,237.00-1,033.00-831.00-684.00-689.00
Cash from Financing Activities-5,182.00-8,550.00-4,582.00-4,094.00-5,656.00-6,655.00-4,677.00-1,771.00-3,075.00
Exchange Rate Effect-4.009.00-1.007.00-20.00-3.0010.008.00-15.00
Net Change in Cash-89.00-893.00998.0027.00-543.00-342.001,172.00119.00-230.00
Free Cash Flow5,973.007,692.005,639.004,687.004,127.005,382.006,397.003,444.003,188.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow17.5215.9415.8818.5820.3517.759.0517.7916.37
Deferred Taxes & Investment Tax Credit-310.0022.00229.00571.00-70.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,019.001,130.001,064.001,143.001,091.001,040.00
Short Term Receivables11,509.0012,281.0011,324.0010,876.0010,428.0010,459.00
Inventories1,670.001,662.001,681.001,652.001,734.001,792.00
Other Current Assets2,021.002,117.001,983.002,112.002,032.002,272.00
Total Current Assets16,219.0017,190.0016,052.0015,783.0015,285.0015,563.00
Net Property, Plant & Equipment34,476.0033,925.0033,566.0033,271.0032,683.0032,279.00
Total Investments and Advances1,278.001,215.001,002.001,118.001,227.001,185.00
Intangible Assets11,199.0010,662.0010,504.0010,293.0010,275.0010,273.00
Other Assets280.00258.00326.00217.00277.00236.00
Total Assets63,452.0063,250.0061,450.0060,720.0059,747.0059,536.00
Short Term Debt Incl. Current Port. of LT Debt8,093.006,264.008,532.005,241.006,110.005,104.00
Accounts Payable5,103.004,752.004,806.004,659.004,552.004,250.00
Other Current Liabilities6,583.006,296.005,920.006,450.007,234.006,585.00
Total Current Liabilities19,779.0017,312.0019,258.0016,350.0017,896.0015,939.00
Long Term Debt44,333.0045,288.0041,313.0043,456.0040,239.0041,260.00
Provision for Risks Charges1,538.001,464.001,509.001,466.001,462.001,506.00
Other Liabilities2,401.002,395.002,348.002,219.002,309.002,069.00
Total Liabilities68,051.0066,459.0064,428.0063,491.0061,906.0060,774.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity-8,077.00-6,642.00-6,303.00-6,027.00-5,335.00-4,394.00
Total Shareholders Equity-8,077.00-6,642.00-6,303.00-6,027.00-5,335.00-4,394.00
Accumulated Minority Interest3,478.003,433.003,325.003,256.003,176.003,156.00
Total Equity-4,599.00-3,209.00-2,978.00-2,771.00-2,159.00-1,238.00
Total Liabilities & Stockholders Equity63,452.0063,250.0061,450.0060,720.0059,747.0059,536.00
Book Value Per Share-38.30-30.47-28.32-26.83-23.21-18.61
Tangible Book Value Per Share-91.41-79.39-75.53-72.66-67.92-62.11
Full-Time Employees---320,000--
Price to Book Ratio-13.17-13.77-17.64-20.11-22.91-26.45
Return on Assets11.0011.1411.2111.2810.6410.21
Return on Invested Capital4.364.404.635.024.714.48
Quick Ratio0.740.900.750.860.760.86
Current Ratio0.820.990.830.970.850.98

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,849.001,930.001,857.002,163.001,903.001,891.00
Depreciation954.00944.00930.00911.00889.00863.00
Other Funds (Non Cash)170.00136.00165.00120.00158.00164.00
Funds from Operations2,802.002,844.003,387.002,190.003,384.003,306.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital1,659.00-509.00-1,373.00169.001,032.00904.00
Cash from Operating Activities4,461.002,335.002,014.002,359.004,416.004,210.00
Capital Expenditures-1,357.00-1,231.00-1,119.00-1,489.00-1,288.00-1,176.00
Net Assets From Acquisitions-556.00-121.00-265.00-36.00-35.00-99.00
Sale of Fixed Assets and Businesses86.0018.003.0092.0010.006.00
Purchase or Sale of Investments-94.00-223.00103.0098.00-67.0013.00
Purchase of Investments-94.00-120.000.0026.00-26.000.00
Sale Or Maturity of Investments0.00-103.00103.0072.00-41.0013.00
Other Uses4.000.00-4.006.00-6.003.00
Other Sources1.000.000.0012.00-2.002.00
Cash from Investing Activities-1,916.00-1,557.00-1,282.00-1,317.00-1,388.00-1,251.00
Cash Dividends Paid-165.00-171.00-183.00-162.00-166.00-171.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-2,970.00-2,064.00-1,571.00-2,558.00-2,498.00-2,505.00
Repurchase of Common Pref Stock-2,970.00-2,064.00-1,571.00-2,558.00-2,498.00-2,505.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net723.001,671.001,377.001,960.00-36.00-217.00
Change in Long Term Debt-105.00427.00-58.001,664.00-174.00-1,765.00
Issuance of Long Term Debt0.002,977.000.003,219.000.000.00
Reduction of Long Term Debt-105.00-2,550.00-58.00-1,555.00-174.00-1,765.00
Net Financing Active Other Cash Flow-237.00-140.00-453.00-239.00-267.00-196.00
Other Financing Activities Uses-237.00-140.00-453.00-239.00-267.00-196.00
Cash from Financing Activities-2,649.00-704.00-830.00-999.00-2,967.00-3,089.00
Exchange Rate Effect-1.00-1.00-2.000.00-3.009.00
Net Change in Cash-105.0073.00-100.0043.0058.00-121.00
Free Cash Flow3,104.001,104.00895.00870.003,128.003,034.00
Price to Free Cash Flow17.5216.3514.8015.3613.5814.03

Revenue breakdown

International2024: 1.68B 2025: 1.86B
Managed Care And Other Insurers2024: 34.95B 2025: 36.97B
Managed Medicaid2024: 3.98B 2025: 3.69B
Managed Medicare2024: 11.99B 2025: 13.44B
Medicaid2024: 4.68B 2025: 5.91B
Medicare2024: 10.78B 2025: 11.27B
Product and Service, Other2024: 2.54B 2025: 2.46B
United States2024: 70.60B 2025: 75.60B
American Group2024: 24.67B 2025: 26.45B
Atlantic Group2024: 23.38B 2025: 24.71B
Consolidation, Policy2024: 2.90B 2025: 3.17B
National Group2024: 19.66B 2025: 21.28B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-303.44%4.8M139.6M1.32M
2026-10-153.39%4.9M144.7M1.37M
2026-09-303.38%4.9M144.7M1.50M
2026-09-154.48%6.5M144.7M1.49M
2026-08-314.19%6.1M146.4M1.57M
2026-08-144.19%6.1M146.4M1.65M
2026-07-314.14%6.1M146.4M1.67M
2026-07-153.88%5.8M150.0M1.60M
2026-06-303.57%5.4M150.0M1.42M
2026-06-153.49%5.2M149.6M1.36M
2026-05-293.48%5.2M150.0M1.20M
2026-05-152.97%4.5M150.0M1.12M
2026-04-302.88%4.3M150.4M1.11M
2026-04-152.61%4.0M151.6M1.11M
2026-03-312.40%3.6M151.3M1.13M
2026-03-132.21%3.3M151.3M1.14M
2026-02-272.34%3.5M151.3M1.18M
2026-02-132.59%3.9M151.3M1.22M
2026-01-302.65%4.1M156.3M1.24M
2026-01-152.51%3.9M156.4M1.27M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call210285.5289.50.002.8500.000.000.994-0.1890.013
call220276279.80.002.7950.000.000.994-0.1890.014
call230266269.9232.52.6811.000.000.993-0.1890.015
call240256260.5222.52.6834.000.000.993-0.1890.015
call250246250.4212.52.5283.000.000.992-0.1890.016
call260236239.8202.52.2705.000.000.992-0.1890.017
call270226229.8186.52.1513.000.000.992-0.1890.018
call280216219.6176.61.9914.000.000.991-0.1890.018
call285211215.1182.22.0223.000.000.991-0.1890.019
call290206210161.51.9662.000.000.991-0.1880.019
call295201205156.51.9122.000.000.990-0.1880.020
call300196200151.51.8354.000.000.990-0.1880.020
call305191195.3146.51.6783.000.000.990-0.1880.021
call310186189.5141.51.6542.000.000.990-0.1880.021
call315181185.50.001.7980.000.000.989-0.1870.022
call320176179.590.501.5566.000.000.989-0.1870.023
call325171174.51241.5081.000.000.989-0.1870.023
call330166169.51321.4612.000.000.988-0.1860.024
call335161164.575.501.3912.000.000.988-0.1860.024
call340156160131.31.4542.000.000.988-0.1860.025
call345151155126.51.4066.000.000.987-0.1850.026
call3501461500.001.3590.000.000.987-0.1850.027
call355141144.90.001.2980.000.000.986-0.1840.027
call36013614051.801.2671.000.000.986-0.1840.028
call3651311351101.2214.000.000.985-0.1830.029
call3701261300.001.1770.000.000.985-0.1820.030
call37512112568.641.1172.000.000.984-0.1820.031
call38011612091.501.0732.000.000.983-0.1810.032
call38511111586.501.0441.000.000.983-0.1800.033
call390106109.935.500.9891.000.000.982-0.1790.034
call395101104.983.250.9461.000.000.981-0.1790.036
call40096.00100104.150.91618.000.000.980-0.1780.037
call40591.0094.9059.500.8627.000.000.980-0.1770.038
call41086.0090.0092.400.8193.000.000.979-0.1750.040
call41581.0085.0061.020.7789.000.000.978-0.1740.042
call42076.0080.0089.060.74812.000.000.976-0.1730.044
call42571.0075.0078.880.69619.000.000.975-0.1710.046
call43066.0070.6066.700.69318.000.000.967-0.2060.058
call43561.0065.5025.900.66717.000.000.965-0.2030.061
call44056.3060.0058.050.5843960.000.962-0.2010.064
call44551.5055.0054.000.5431460.000.959-0.1980.068
call45046.5050.0059.600.5011010.000.956-0.1970.073
call45541.5045.5054.500.49831.000.000.935-0.2520.099
call46037.0040.5058.200.45267.000.000.870-0.4660.166
call46532.5036.0041.760.4361040.000.856-0.4550.177
call47028.0031.5031.760.41681.000.000.833-0.4670.196
call47523.5027.5025.980.4124060.000.768-0.6100.239
call48020.0023.2028.700.3846900.000.741-0.5680.254
call48516.0020.5020.300.4144590.000.690-0.5930.276
call49013.0016.5016.900.38389.000.000.629-0.6110.296
call49510.2013.0010.640.3714541.000.558-0.6340.309
call5008.0010.008.900.34226230.000.488-0.6520.312
call5055.907.9010.100.34412910.000.413-0.5970.305
call5104.007.105.400.3792822.000.366-0.6510.295
call5152.704.606.500.3421130.000.292-0.5530.269
call5201.904.505.750.3881510.000.260-0.5730.254
call5250.954.405.000.43177.000.000.231-0.5780.238
call5300.255.003.700.47420.000.000.213-0.6010.228
call5350.203.702.500.48313.000.000.184-0.5630.208
call5400.152.502.000.4581010.000.143-0.4590.177
call5450.054.003.820.4942.000.000.133-0.4670.169
call5500.005.001.220.5271120.000.126-0.4790.162
call5550.003.202.410.56025.000.000.120-0.4910.157
call5600.004.502.250.5944.000.000.115-0.5040.152
call5650.004.901.850.6271.000.000.110-0.5150.147
call5700.004.801.800.6571.000.000.106-0.5250.143
call5750.004.900.000.6880.000.000.102-0.5350.139
call5800.004.900.000.7130.000.000.099-0.5430.137
call5850.004.900.000.7420.000.000.096-0.5520.134
call5900.001.700.000.7040.000.000.072-0.4230.108
call5950.004.900.000.7330.000.000.070-0.4290.105
call6000.001.700.050.7616.000.000.068-0.4350.103
call6050.004.900.200.7875.000.000.066-0.4400.101
call6100.004.900.000.8080.000.000.065-0.4450.099
call6150.004.900.000.8370.000.000.063-0.4500.097
call6200.004.900.000.8620.000.000.061-0.4550.095
put2100.004.900.002.3620.000.00-0.006-0.1720.013
put2200.004.900.002.2310.000.00-0.006-0.1710.014
put2300.004.900.002.1280.000.00-0.007-0.1710.015
put2400.004.900.002.0200.000.00-0.007-0.1700.015
put2500.004.900.001.9160.000.00-0.007-0.1690.016
put2600.004.900.001.8160.000.00-0.008-0.1680.017
put2700.004.900.001.7200.000.00-0.008-0.1670.018
put2800.001.700.001.6270.000.00-0.009-0.1650.018
put2850.004.900.001.5820.000.00-0.009-0.1650.019
put2900.004.900.781.5371.000.00-0.009-0.1640.019
put2950.004.900.001.4930.000.00-0.009-0.1630.020
put3000.004.900.001.4500.000.00-0.010-0.1620.020
put3050.004.900.001.4080.000.00-0.010-0.1620.021
put3100.004.900.501.3664.000.00-0.010-0.1610.021
put3150.004.900.001.3240.000.00-0.011-0.1600.022
put3200.001.700.001.2840.000.00-0.011-0.1590.022
put3250.001.700.501.2447.000.00-0.011-0.1580.023
put3300.004.902.651.2041.000.00-0.012-0.1570.024
put3350.004.900.101.16557.000.00-0.012-0.1560.024
put3400.001.901.801.1260.000.00-0.012-0.1550.025
put3450.004.900.521.08845.000.00-0.013-0.1540.026
put3500.002.900.101.05021.000.00-0.013-0.1530.027
put3550.001.900.181.0139.000.00-0.014-0.1520.027
put3600.004.900.400.9768.000.00-0.014-0.1510.028
put3650.004.902.200.9407.000.00-0.015-0.1500.029
put3700.004.900.500.9042100.00-0.015-0.1490.030
put3750.004.900.050.86815.000.00-0.016-0.1480.031
put3800.004.900.050.83368.000.00-0.016-0.1460.032
put3850.004.901.250.79828.000.00-0.017-0.1450.033
put3900.000.750.050.7641,1740.00-0.018-0.1440.034
put3950.004.901.350.72933.000.00-0.019-0.1420.036
put4000.004.900.050.6951420.00-0.019-0.1410.037
put4050.001.700.050.66134.000.00-0.020-0.1390.038
put4100.054.901.000.62724.000.00-0.021-0.1380.040
put4150.004.900.670.59478.000.00-0.022-0.1360.042
put4200.004.902.130.56063.000.00-0.024-0.1340.044
put4250.000.400.210.5605670.00-0.027-0.1470.052
put4300.004.900.800.5233440.00-0.033-0.1660.058
put4350.004.900.400.4942460.00-0.035-0.1630.061
put4400.001.650.250.4542,2060.00-0.038-0.1600.064
put4450.002.100.350.4203420.00-0.040-0.1560.068
put4500.300.550.350.3861,18257.00-0.044-0.1550.073
put4550.200.800.510.3804500.00-0.064-0.2080.098
put4600.105.000.900.4705580.00-0.130-0.4210.165
put4650.402.501.080.42633210.00-0.143-0.4090.177
put4700.352.751.440.3947470.00-0.166-0.4200.195
put4751.155.002.320.4462450.00-0.231-0.5640.238
put4802.505.103.600.3811290.00-0.259-0.5230.254
put4853.805.205.950.34285.000.00-0.310-0.5470.276
put4905.606.8010.900.33774.000.00-0.371-0.5650.296
put4957.208.906.540.34397.003.00-0.441-0.5870.309
put5009.5012.309.200.38834.005.00-0.512-0.6040.312
put50512.2014.4011.350.34117.000.00-0.587-0.5480.305
put51015.5019.4012.700.40258.000.00-0.636-0.6010.294
put51519.1022.9025.270.4065.000.00-0.708-0.5040.269
put52022.3027.0019.200.4233.000.00-0.741-0.5210.254
put52526.7031.0031.000.4530.000.00-0.765-0.5390.241
put53031.5035.5021.300.4504.000.00-0.787-0.5500.228
put53535.5040.0028.500.46712.000.00-0.816-0.5110.208
put54040.2044.9093.100.5051.000.00-0.857-0.4060.177
put54545.0049.500.000.5480.000.00-0.866-0.4160.169
put55049.8054.5089.000.5840.000.00-0.874-0.4250.162
put55555.5059.5085.000.6140.000.00-0.880-0.4370.157
put56060.5064.50109.20.6180.000.00-0.885-0.4490.152
put56565.5069.5086.500.6820.000.00-0.890-0.4590.148
put57070.5074.5091.500.6830.000.00-0.894-0.4690.143
put57575.5079.50118.70.7150.000.00-0.898-0.4790.140
put58080.5084.500.000.7450.000.00-0.901-0.4870.136
put58585.5089.5085.000.7760.000.00-0.904-0.4960.133
put59090.4094.501060.8340.000.00-0.928-0.3660.108
put59595.0099.50129.80.8630.000.00-0.930-0.3710.105
put600100.1104.5105.10.8931.000.00-0.932-0.3760.103
put605105.1109.5110.10.9210.000.00-0.934-0.3810.101
put610110114.5115.10.9191.000.00-0.935-0.3850.099
put615115119.5153.20.9780.000.00-0.937-0.3890.097
put620120124.5119.31.0052.000.00-0.939-0.3940.095

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10144Filing for proposed sale of securities under Rule 144.SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-06SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-064Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-06SCHEDULE 13D/ASEC
2026-11-058-KCurrent report2026-11-02SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-04424B5SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-11-03FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-29SEC
2026-11-028-KCurrent report2026-11-02SEC
2026-11-02424B3SEC
2026-10-29144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-278-KCurrent report2026-10-27SEC
2026-09-113Initial statement of beneficial ownership of securities2026-09-01SEC
2026-08-284Statement of changes in beneficial ownership of securities2026-08-26SEC
2026-07-298-KCurrent report2026-07-29SEC
2026-07-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-248-KCurrent report2026-07-24SEC
2026-07-148-KCurrent report2026-07-14SEC
2026-06-188-KCurrent report2026-06-15SEC
2026-05-114Statement of changes in beneficial ownership of securities2026-05-07SEC
2026-04-30SCHEDULE 13GSEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC
2026-04-304Statement of changes in beneficial ownership of securities2026-04-28SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110018.25M4
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020029.28M5
2026-010000
2025-120000
2025-11001.84M1

Institutional holders

Manager% owned
BlackRock, Inc.5.86%
VANGUARD CAPITAL MANAGEMENT LLC4.57%
Sanders Capital, LLC4.06%
STATE STREET CORP3.37%
WELLINGTON MANAGEMENT GROUP LLP2.12%
GEODE CAPITAL MANAGEMENT, LLC1.62%
First Eagle Investment Management, LLC1.51%
VANGUARD PORTFOLIO MANAGEMENT LLC1.22%
MORGAN STANLEY1.17%
GOLDMAN SACHS GROUP INC1.11%

Funds

Fund% owned
Baird Ultra Short Bond Fund32.25%
The Osterweis Strategic Income Fund22.54%
Bond Fund12.85%
CrossingBridge Low Duration High Income Fund11.69%
Dodge & Cox Income Fund11.50%
Baird Core Plus Bond Fund7.44%
Baird Aggregate Bond Fund6.76%
RiverPark Strategic Income Fund5.24%
Dodge & Cox Global Bond Fund3.97%
Strategic Income Opportunities Fund3.62%

OakChart. HCA. Cached 15 minutes.