HCA Healthcare HCA
HCA Healthcare, Inc. is one of the leading health care services companies in the United States. 10-K, Item 1
- Headquarters
- Nashville, TN
- Next results
- around Jan 26, 2027
HCA among Health care peers
Six ratios from the latest 10-K. Each corner is the share of 59 peers the company is above, not a score.
What changed
16 new risk paragraphs. 10-K filed Feb 10, 2026 against Feb 14, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 11 checks found nothing to note
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Receivables +1.1% vs revenue +7.1% (-6.0 pts)
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Cash from operations $12.6B vs net income $6.8B (FY ending Dec 31, 2025)
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Inventory -4.9% vs revenue +7.1% (-12.0 pts)
8 more checks with nothing to note
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: F-2; Revenue Recognition – Contractual Adjustments and Implicit Price Concessions; Professional Liability and Related Provisions; F-3
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
16 paragraphs in Risk Factors that were not in the 10-K filed Feb 14, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
Our operations could be impaired by a failure in or breach of our information systems or those of third parties on whose systems our business relies.
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
We have taken precautionary measures designed to prevent problems that could affect our information systems. Nevertheless, there can be no assurance that our business continuity, technology change and information security response plans will effectively mitigate our operational risks. We or our vendors and other third parties upon whom
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
The health care industry is heavily regulated. Federal agencies oversee, regulate and otherwise affect many aspects of our business, including through Medicare and Medicaid policies, policies affecting the size of the uninsured population, and enforcement and interpretation of fraud and abuse laws. Several executive orders have been issued
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Item 1A · new paragraph · not in the 10-K filed Feb 14, 2025 10-K, ITEM 1A
Legislation and administrative actions at the federal and state levels may also impact the funding for, or structure or administration of, the Medicaid program, including through changes to Medicaid supplemental payments and SDP arrangements. For example, the FBA includes significant health care policy reforms that are expected to…
New risk paragraphs, against peers
Latest 10-K of each, Health care companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $60.2B | $65.0B | $70.6B | $75.6B |
| Net income | $5.6B | $5.2B | $5.8B | $6.8B |
| Operating cash flow | $8.5B | $9.4B | $10.5B | $12.6B |
| Free cash flow | $4.1B | $4.7B | $5.6B | $7.7B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$75.6B ▲ 7.1% in FY2025$6.8B ▲ 17.8% in FY2025$7.7B ▲ 36.4% in FY2025
Recent filings
9 filings in the last 30 days · SEC EDGAR
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Planned saleNov 10, 2026Erica Rossitto (Officer) gave notice of a planned sale of 3,500 shares worth about $1.8M Form 144, approximate sale date Nov 10, 2026
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8-KNov 5, 2026Material agreement signed, New debt or obligation, Other events 8-K items 1.01, 2.03, 8.01
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Planned saleNov 4, 2026Michael J Schlosser (Officer) gave notice of a planned sale of 1,200 shares worth about $594K Form 144, approximate sale date Nov 4, 2026
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Planned saleNov 4, 2026Jon M Foster (OFFICER) gave notice of a planned sale of 31,742 shares worth about $16.3M Form 144, approximate sale date Nov 4, 2026
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8-KNov 2, 2026Other events 8-K item 8.01
About the company
HCA Healthcare, Nashville, TN · from the 10-K filed Feb 10, 2026
HCA Healthcare, Inc. is one of the leading health care services companies in the United States. At December 31, 2025, we operated 190 hospitals, comprised of 179 general acute care hospitals, seven behavioral hospitals, and four rehabilitation hospitals. In addition, we operated 121 freestanding ambulatory surgery centers (“ASCs”) and 31 freestanding endoscopy centers. Our facilities are located in 19 states and England.
- Headquarters
- Nashville, TN
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 27, 2026
Email alerts
Sources
The 10-K filed Feb 10, 2026 (open at SEC), compared with the 10-K filed Feb 14, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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