HCA Healthcare, Inc. (HCA) — Capital Reinvestment Ratio
Latest as of March 2026:
0.56x
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 HCA Healthcare, Inc. (HCA) FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
0.56x
Capex / Operating Cash Flow
Operating Cash Flow
$2.01 Billion
USD
Capital Expenditures
$1.12 Billion
USD
Data as of
Mar 2026
Most recent filing
HCA Healthcare, Inc. Capital Reinvestment Ratio (1990–2025)
This chart tracks HCA Healthcare, Inc.'s Capital Reinvestment Ratio across 36 annual periods.
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) market capitalisation.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow