HCA Healthcare (HCA)
Operator of hospital-anchored care networks spanning inpatient, outpatient, emergency, and physician services.
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Provides inpatient and outpatient care through acute-care, behavioral, and rehabilitation hospitals; surgery centers; emergency and urgent care sites; physician practices; and home-based services. Patient-service revenue is paid mainly by insurers and government programs, with the network concentrated in Florida and Texas and supported by enterprise-scale clinical and operating systems.
Operates 190 hospitals and a broad outpatient network across the United States and England. General acute-care hospitals anchor the system, supported by behavioral and rehabilitation hospitals, ambulatory surgery and endoscopy centers, freestanding emergency rooms, urgent care sites, physician practices, home health agencies, and hospices.
Builds comprehensive local care networks, then supports them with centralized clinical data, patient transfers, workforce development, and enterprise scale. Revenue comes from patient services reimbursed by managed-care and commercial insurers, Medicare, Medicaid, and patients. Payment rates, insurer contracts, health-care regulation, and clinician availability shape operations, while Florida and Texas generate roughly half of revenue.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 28, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $520 | Target: $485 |
| Jul 27, 2026 | UBS | Reiterate | Rating: —Target: $635 | Target: $579 |
| Jul 27, 2026 | Deutsche Bank | Target | Target: $441 | Target: $476 |
| Jul 27, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $425 | Target: $380 |
| Jul 27, 2026 | Oppenheimer | Reiterate | Rating: —Target: $520 | Target: $485 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.01B · Total debt $48.78B · Total assets $60.53B · Shareholders' equity −$6.58B
- Revenue
- $20.23B
- Operating income
- $3.07B
- Net income
- $1.70B
HistoryDividendAnnual yield
| Institutions | 61.17% | 132.43M shares | |
|---|---|---|---|
| 1,398 holders · as of Jun 30, 2026 | |||
| Insiders | 17.16% | 37.16M shares | |
| 22 holders · as of Sep 11, 2026 | |||
| Strategic holders | 14.91% | 32.28M shares | |
| 1 holder · as of Feb 10, 2026 | |||
| Other | 6.76% | 14.63M shares | |
| remainder | |||
216.50M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Thomas F. Iii FristInsiderdirector, 10 percent owner | 16.89% | 36.57M | filed Apr 30, 2026 |
Hercules Holding IiStrategic10 percent owner | 14.91% | 32.28M | filed Feb 10, 2026 |
BlackRock, Inc.Institution | 6.01% | 13.00M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.68% | 10.14M | as of Jun 30, 2026 |
Sanders Capital, LLCInstitution | 4.08% | 8.83M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 18, 2026 | Michael R. McAlevey | officer: EVP & Chief Legal & Admin Off. | −1,694 | $533.37 |
| Feb 11, 2026 | Jennifer Berres | officer: SVP & Chief Human Res. Officer | −8,020 | $514.58 |
| Feb 11, 2026 | Christopher F. Wyatt | officer: SVP & Controller | −4,000 | $505.00 |
| Feb 3, 2026 | Michael S. Cuffe | officer: EVP and Chief Clinical Officer | −1,500 | $498.09 |
| Feb 3, 2026 | Samuel N. Hazen | director, officer: CEO | −42,877 | $501.04 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| HCA Healthcare | $434.71 | +2.05% | $92.22B | 14.3 | 14.2 | 1.2 | +8.7% |
| Tenet Healthcare | $262.69 | +0.66% | $21.01B | 10.1 | 12.6 | 1.0 | +6.8% |
| Universal Health Services | $178.93 | +2.40% | $10.58B | 7.2 | 7.8 | 0.6 | +8.3% |
| Community Health Systems | $2.97 | +2.60% | $407.5M | — | — | 0.0 | −9.8% |
| Encompass Health | $123.36 | +1.48% | $12.06B | 19.8 | 19.3 | 1.9 | +9.6% |
| Surgery Partners | $14.14 | +3.48% | $1.79B | — | 32.9 | 0.5 | +2.8% |
| Median | 10.1 | 15.9 | 0.6 | +6.8% |