HCA Healthcare, Inc. (HCA) — Capital Reinvestment Ratio
HCA Healthcare, Inc. (HCA) has a Capital Reinvestment Ratio of 0.53x as of June 2026, meaning it reinvests 1% of its operating cash flow ($2.33 Billion) in capital expenditures ($1.23 Billion). Check tangible net worth ratio of HCA Healthcare, Inc. to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
HCA Healthcare, Inc. Capital Reinvestment Ratio (1990–2025)
This chart tracks HCA Healthcare, Inc.'s Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see HCA Healthcare, Inc. (HCA) cash conversion ratio.
Annual Capital Reinvestment Ratio for HCA Healthcare, Inc. (1990–2025)
Year-by-year Capital Reinvestment Ratio for HCA Healthcare, Inc. from 1990 to 2025. See free cash flow generation of HCA Healthcare, Inc. to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.39x | $12.64 Billion | $4.94 Billion | ▼ -15.6% |
| 2024 | 0.46x | $10.51 Billion | $4.88 Billion | ▼ -7.8% |
| 2023 | 0.50x | $9.43 Billion | $4.74 Billion | ▼ -2.5% |
| 2022 | 0.52x | $8.52 Billion | $4.39 Billion | ▲ +29.2% |
| 2021 | 0.40x | $8.96 Billion | $3.58 Billion | ▲ +30.0% |
| 2020 | 0.31x | $9.23 Billion | $2.83 Billion | ▼ -43.9% |
| 2019 | 0.55x | $7.60 Billion | $4.16 Billion | ▲ +3.5% |
| 2018 | 0.53x | $6.76 Billion | $3.57 Billion | ▼ -4.9% |
| 2017 | 0.56x | $5.43 Billion | $3.02 Billion | ▲ +13.8% |
| 2016 | 0.49x | $5.65 Billion | $2.76 Billion | ▼ -2.7% |
| 2015 | 0.50x | $4.73 Billion | $2.38 Billion | ▲ +2.6% |
| 2014 | 0.49x | $4.45 Billion | $2.18 Billion | ▼ -7.3% |
| 2013 | 0.53x | $3.68 Billion | $1.94 Billion | ▲ +18.4% |
| 2012 | 0.45x | $4.17 Billion | $1.86 Billion | ▲ +4.5% |
| 2011 | 0.43x | $3.93 Billion | $1.68 Billion | ▼ -0.6% |
| 2010 | 0.43x | $3.08 Billion | $1.32 Billion | ▼ -10.4% |
| 2009 | 0.48x | $2.75 Billion | $1.32 Billion | ▼ -46.2% |
| 2008 | 0.89x | $1.80 Billion | $1.60 Billion | ▼ -13.9% |
| 2007 | 1.03x | $1.40 Billion | $1.44 Billion | ▲ +2.3% |
| 2006 | 1.01x | $1.84 Billion | $1.86 Billion | ▲ +100.6% |
| 2005 | 0.50x | $3.16 Billion | $1.59 Billion | ▲ +1.6% |
| 2004 | 0.50x | $3.05 Billion | $1.51 Billion | ▼ -41.5% |
| 2003 | 0.85x | $2.17 Billion | $1.84 Billion | ▲ +35.8% |
| 2002 | 0.62x | $2.75 Billion | $1.72 Billion | ▼ -35.6% |
| 2001 | 0.97x | $1.41 Billion | $1.37 Billion | ▲ +29.9% |
| 2000 | 0.75x | $1.55 Billion | $1.16 Billion | ▼ -29.1% |
| 1999 | 1.05x | $1.22 Billion | $1.29 Billion | ▲ +60.7% |
| 1998 | 0.66x | $1.92 Billion | $1.25 Billion | ▼ -31.7% |
| 1997 | 0.96x | $1.48 Billion | $1.42 Billion | ▲ +79.5% |
| 1996 | 0.53x | $2.62 Billion | $1.40 Billion | ▼ -21.2% |
| 1995 | 0.68x | $2.25 Billion | $1.53 Billion | ▲ +5.2% |
| 1994 | 0.64x | $1.30 Billion | $836.00 Million | ▲ +0.0% |
| 1993 | 0.64x | $1.30 Billion | $836.00 Million | ▼ -58.4% |
| 1992 | 1.55x | $66.80 Million | $103.40 Million | ▼ -12.8% |
| 1991 | 1.78x | $25.80 Million | $45.80 Million | ▲ +37.3% |
| 1990 | 1.29x | $14.00 Million | $18.10 Million | — |