Filing Flows › HCA Healthcare (HCA) › Q2 2025
HCA Healthcare (HCA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
HCA Healthcare (HCA) reported revenue of $18.6B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +2% from the quarter before. Operating margin was 13.0%, net earnings $1.7B (8.9% of revenue).
HCA Healthcare, Q2 2025: revenue $18.6B (+6% year over year), operating margin 13.0%, net earnings $1.7B, operating cash flow $4.2B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $18.6B | +2% | +6% |
| Operating profit | $2.4B | +4% | +8% |
| Net earnings | $1.7B | +3% | +13% |
| Operating cash flow | $4.2B | +155% | +114% |
| Free cash flow | $3.0B | +360% | +340% |
What changed
Revenue was $18.6B in Q2 2025, up 6% year over year and up 2% from the previous quarter.
Operating profit was $2.4B, a 13.0% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 13% margin then. Total costs grew 6% against revenue growth of 6%. The fastest-growing cost line was General & admin (+30%). Net earnings were $1.7B, up 13% year over year. The effective tax rate was 21.7%.
Operating cash flow was $4.2B (up 114% year over year), 223% 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 added $1.4B. Capital expenditures of $1.2B left free cash flow of $3.0B.
Questions
What was HCA Healthcare's revenue in the second quarter 2025?
HCA Healthcare (HCA) reported revenue of $18.6B for the second quarter 2025 (Q2 2025), +6% from a year earlier and +2% from the quarter before.
Was HCA Healthcare profitable in the second quarter 2025?
Operating profit was $2.4B (13.0% of revenue) and net earnings $1.7B.
Source: HCA Healthcare 10-Q on SEC EDGAR.