HCA Healthcare, Inc. (HCA)

NYSE · Services-General Medical & Surgical Hospitals, NEC

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

1 entity across 1 jurisdiction. Read directly from the company’s own 10-K EX-21 filed 2026-02-10 — see the exhibit.

Which other public companies file entities in the same places:

Subsidiaries of HCA Healthcare, Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
Columbia Hospital Corporation	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 8

PASSReturn on assets positiveROA 11.2%
PASSOperating cash flow positiveOCF 12.6B
PASSReturn on assets improving9.7% → 11.2%
PASSCash flow exceeds earningsOCF 12.6B vs NI 6.8B
FAILLong-term debt ratio falling64.4% → 68.5% of assets
FAILCurrent ratio improving1.08 → 0.97
PASSNo share dilution262M → 239M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving1.19× → 1.25×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$51.5B	$3.8B	$6.4B	—	343,605,000
FY2021	$58.8B	$7.0B	$5.4B	—	328,752,000
FY2022	$60.2B	$5.6B	$4.1B	—	294,666,000
FY2023	$65.0B	$5.2B	$4.7B	—	276,412,000
FY2024	$70.6B	$5.8B	$5.6B	—	261,806,000
FY2025	$75.6B	$6.8B	$7.7B	—	239,495,000

Ownership flow

16 institutions tracked — 5 added, 9 reduced, 2 opened a new position, 1 sold out.

Institutional holders of HCA Healthcare, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
FMR LLC	Active fund	1,632,520	−2,768,503	$636.5M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	4,707,473	+799,761	$1.8B
BlackRock, Inc.	Index	13,003,600	−359,666	$5.1B
MORGAN STANLEY	Active fund	2,586,771	+291,891	$1.0B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	255,806	−264,511	$99.7M
JPMORGAN CHASE & CO	Active fund	2,296,132	−165,843	$900.8M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	225,249	−105,409	$87.6M
BANK OF AMERICA CORP /DE/	Active fund	611,601	−82,399	$238.5M
STATE STREET CORP	Index	7,469,035	−70,515	$2.9B
Bridgewater Associates, LP	Hedge fund	203,204	+29,403	$79.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	3,668,008	−24,505	$1.4B
Point72 Asset Management, L.P.	Hedge fund	43,600	+17,200	$17.0M
Capital World Investors	Active fund	1,977,121	+4,692	$770.9M
CITADEL ADVISORS LLC	Hedge fund	602,260	−3,949	$234.8M

NORGES BANK, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0000860730
SIC: 8062 · Services-General Medical & Surgical Hospitals, NEC
Headquarters: NASHVILLE, TN

Ownership

Institutional: 78.9%
Institutions: 1,864
Insiders: 16.6%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other services-general medical & surgical hospitals, nec companies

HCA Healthcare, Inc. files under SIC 8062 — all 6 services-general medical & surgical hospitals, nec companies compared on assets and F-score.

TENET HEALTHCARE CORPTHC UNIVERSAL HEALTH SERVICES INCUHS COMMUNITY HEALTH SYSTEMS INCCYH Surgery Partners, Inc.SGRY Ardent Health, Inc.ARDT

Questions about HCA Healthcare, Inc.

How many subsidiaries does HCA Healthcare, Inc. file with the SEC?: 1, listed in its most recent exhibit 21. All of them are incorporated in Delaware. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is HCA Healthcare, Inc. financially healthy?: HCA Healthcare, Inc. scores 6 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of HCA Healthcare, Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (trimming), WELLINGTON MANAGEMENT GROUP LLP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

1 entity across 1 jurisdiction. Read directly from the company’s own 10-K EX-21 filed 2026-02-10 — see the exhibit.

Which other public companies file entities in the same places:

Delaware1

Entity

Jurisdiction

Note

Columbia Hospital Corporation

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

6 / 8

PASSReturn on assets positiveROA 11.2%
PASSOperating cash flow positiveOCF 12.6B
PASSReturn on assets improving9.7% → 11.2%
PASSCash flow exceeds earningsOCF 12.6B vs NI 6.8B
FAILLong-term debt ratio falling64.4% → 68.5% of assets
FAILCurrent ratio improving1.08 → 0.97
PASSNo share dilution262M → 239M shares
FAILGross margin improvingno gross profit reported
PASSAsset turnover improving1.19× → 1.25×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$51.5B

$3.8B

$6.4B

—

343,605,000

FY2021

$58.8B

$7.0B

$5.4B

—

328,752,000

FY2022

$60.2B

$5.6B

$4.1B

—

294,666,000

FY2023

$65.0B

$5.2B

$4.7B

—

276,412,000

FY2024

$70.6B

$5.8B

$5.6B

—

261,806,000

FY2025

$75.6B

$6.8B

$7.7B

—

239,495,000

Ownership flow

16 institutions tracked — 5 added, 9 reduced, 2 opened a new position, 1 sold out.

Institutional holders of HCA Healthcare, Inc. and their share-count change
Manager	Kind	Shares	Change	Value
FMR LLC	Active fund	1,632,520	−2,768,503	$636.5M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	4,707,473	+799,761	$1.8B
BlackRock, Inc.	Index	13,003,600	−359,666	$5.1B
MORGAN STANLEY	Active fund	2,586,771	+291,891	$1.0B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	255,806	−264,511	$99.7M
JPMORGAN CHASE & CO	Active fund	2,296,132	−165,843	$900.8M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	225,249	−105,409	$87.6M
BANK OF AMERICA CORP /DE/	Active fund	611,601	−82,399	$238.5M
STATE STREET CORP	Index	7,469,035	−70,515	$2.9B
Bridgewater Associates, LP	Hedge fund	203,204	+29,403	$79.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	3,668,008	−24,505	$1.4B
Point72 Asset Management, L.P.	Hedge fund	43,600	+17,200	$17.0M
Capital World Investors	Active fund	1,977,121	+4,692	$770.9M
CITADEL ADVISORS LLC	Hedge fund	602,260	−3,949	$234.8M

NORGES BANK, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

Questions about HCA Healthcare, Inc.

How many subsidiaries does HCA Healthcare, Inc. file with the SEC?

1, listed in its most recent exhibit 21. All of them are incorporated in Delaware. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is HCA Healthcare, Inc. financially healthy?

HCA Healthcare, Inc. scores 6 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of HCA Healthcare, Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), STATE STREET CORP (trimming), WELLINGTON MANAGEMENT GROUP LLP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.