HCA Healthcare, Inc. (HCA) — Capital Reinvestment Ratio
HCA Healthcare, Inc. (HCA) has a Capital Reinvestment Ratio of 0.56x as of March 2026, meaning it reinvests 1% of its operating cash flow ($2.01 Billion) in capital expenditures ($1.12 Billion). See debt-free asset ratio of HCA Healthcare, Inc. to measure how much of total assets are equity-financed.
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. Check HCA Healthcare, Inc. total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for HCA Healthcare, Inc. (1990–2025)
Year-by-year Capital Reinvestment Ratio for HCA Healthcare, Inc. from 1990 to 2025. For live market cap and broader valuation context, see HCA Healthcare, Inc. (HCA) total market value.
| 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 | — |