Filing Flows › HCA Healthcare (HCA) › Q1 2025
HCA Healthcare (HCA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
HCA Healthcare (HCA) reported revenue of $18.3B for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.2% from the quarter before. Operating margin was 12.7%, net earnings $1.6B (8.8% of revenue).
HCA Healthcare, Q1 2025: revenue $18.3B (+6% year over year), operating margin 12.7%, net earnings $1.6B, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.3B | +0.2% | +6% |
| Operating profit | $2.3B | +9% | +4% |
| Net earnings | $1.6B | +12% | +1% |
| Operating cash flow | $1.7B | -35% | -33% |
| Free cash flow | $660M | -48% | -51% |
What changed
Revenue was $18.3B in Q1 2025, up 6% year over year and roughly flat from the previous quarter.
Operating profit was $2.3B, a 12.7% margin (down 0.3 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, below the 13% margin then. Total costs grew 6% against revenue growth of 6%. The fastest-growing cost line was General & admin (+40%). Net earnings were $1.6B, up 1% year over year. The effective tax rate was 21.6%.
Operating cash flow was $1.7B (down 33% year over year), 90% of net income including minority interests. Non-cash charges added back $0.86B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items used $1.1B. Capital expenditures of $1.0B left free cash flow of $0.66B.
Questions
What was HCA Healthcare's revenue in the first quarter 2025?
HCA Healthcare (HCA) reported revenue of $18.3B for the first quarter 2025 (Q1 2025), +6% from a year earlier and +0.2% from the quarter before.
Was HCA Healthcare profitable in the first quarter 2025?
Operating profit was $2.3B (12.7% of revenue) and net earnings $1.6B.
Source: HCA Healthcare 10-Q on SEC EDGAR.