HCA Healthcare, Inc. Financial Ratios — HCA Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	9.71	5.84	5.47	6.27	6.68	8.69	6.3	9.99	8.32	8.11	14.16	10.94	9.65	9.95	11.28
Return on Capital (%)	20.43	12.84	11.96	11.78	11.24	14.04	10.1	15.79	13.1	12.29	19.85	14.74	14.11	14.46	16.37
Return on Invested Capital (%)	23.35	20.77	20.17	22.07	21.64	21.88	17.27	20.59	17.41	16.38	20.3	18.24	18.16	18.41	20.45
Gross Margin (%)	37.27	36.98	36.76	37.96	37.62	37.74	37.23	37.55	37.59	37.43	38.28	38.48	39.37	40.62	41.5
EBITDA Margin (%)	19.55	19.67	19.15	20	19.83	19.68	18.77	19.11	19.12	19.37	21.33	19.96	19.55	19.63	20.49
Operating Margin (%)	14.61	14.59	14.02	15.07	15.03	14.94	13.89	14.23	14.06	14.09	16.47	15.03	14.82	14.94	15.83
Incremental Operating Margin (%)	10.5	14.35	-2.05	28.25	14.49	12.86	-6.64	19.1	12.36	22.34	33.47	-42.2	12.12	16.33	28.38
Pretax Margin (%)	12	8.77	8.62	9.43	9.97	11.59	10.04	11.43	10.22	10.54	16.74	14.24	11.86	12.07	13.01
Profit Margin (%)	8.3	4.86	4.55	5.08	5.37	6.97	5.08	8.11	6.83	7.28	11.84	9.37	8.07	8.16	8.97
Net Income to Common Margin (%)	8.3	4.86	4.55	5.08	5.37	6.97	5.08	8.11	6.83	7.28	11.84	9.37	8.07	8.16	8.97
Effective Tax Rate (%)	20.19	30.68	32.25	31.83	31.87	28.65	37.39	17.73	20.96	19.21	21.48	20.35	20.96	21.89	20.85
Dvd Payout Ratio (%)	0.96	130.79	0.66	0.24	- -	- -	- -	9.76	11.49	3.05	7.35	8.14	9.52	9.13	7.73
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	27,052	28,930	28,376	29,426	30,488	31,376	33,058	32,821	35,571	33,056	36,726	40,200	41,859	45,237	48,697
ST Debt	1,407	1,435	786	338	233	216	200	788	495	588	629	734	2,787	5,041	5,241
LT Debt	25,645	27,495	27,590	29,088	30,255	31,160	32,858	32,033	35,076	32,468	36,097	39,466	39,072	40,196	43,456
Total Debt/EBITDA	4.66	4.45	4.34	3.98	3.87	3.84	4.04	3.68	3.62	3.31	2.93	3.34	3.29	3.26	3.14
Net Debt/EBITDA	4.6	4.35	4.27	3.91	3.78	3.76	3.95	3.62	3.37	2.93	2.64	3.09	3.04	2.97	2.93
Total Debt/EBIT	6.24	6.01	5.92	5.29	5.11	5.06	5.46	4.94	4.93	4.55	3.79	4.44	4.35	4.29	4.07
Net Debt/EBIT	6.15	5.86	5.84	5.19	4.99	4.96	5.34	4.87	4.59	4.02	3.42	4.11	4.02	3.9	3.8
EBITDA to Interest Expense	2.85	3.61	3.54	4.24	4.73	4.78	4.84	5.08	5.38	6.3	8	6.91	6.56	6.72	6.89
EBITDA-CapEx/Interest Expense	2.02	2.58	2.49	2.99	3.3	3.17	3.06	3.05	3.1	4.51	5.72	4.38	4.11	4.36	4.69
EBIT to Interest Expense	2.13	2.68	2.59	3.19	3.58	3.63	3.58	3.78	3.96	4.58	6.18	5.2	4.97	5.12	5.32
Interest Expense	2,037	1,798	1,848	1,743	1,665	1,707	1,690	1,755	1,824	1,584	1,566	1,741	1,938	2,061	2,248
Common Equity/Total Assets	-35.02	-39.02	-32.6	-24.44	-22.4	-20.63	-17.84	-11.65	-5.21	1.64	-1.04	-4.34	-2.4	-3.55	-9.42
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,122.68	2,424.24	- -	3,686.04	7,242.52	- -
Long-Term Debt/Capital (%)	135.85	142.51	135.78	125.1	122.46	119.47	115.94	105.78	98.9	89.8	93.47	97.17	90.14	87.04	94
Long-Term Debt/Total Assets (%)	95.34	97.93	95.7	93.89	92.4	92.3	89.79	81.7	77.85	68.37	71.14	75.26	69.51	67.54	71.57
Total Debt/Equity (%)	-385.69	-346.84	-409.58	-452.85	-504.27	-557	-661.82	-1,124.78	-6,295.75	1,143.02	2,466.49	-55,068.49	3,948.96	8,150.81	-1,757.38
Total Debt/Capital (%)	143.31	149.95	139.65	126.56	123.4	120.3	116.64	108.38	100.3	91.43	95.1	98.97	96.57	97.96	105.33
Total Debt/Total Assets (%)	100.57	103.05	98.42	94.98	93.11	92.94	90.34	83.71	78.94	69.61	72.38	76.66	74.47	76.01	80.2
Net Debt to Equity	-380.37	-338.39	-403.61	-444.14	-492.01	-545.54	-647.17	-1,107.57	-5,858.58	1,010.06	2,224.85	-50,926.03	3,646.98	7,405.05	-1,640.27
Net Debt/Capital (%)	144.18	151.85	140.48	127.22	124.12	120.82	117.09	108.52	94.99	85.01	89.13	93.62	91.16	92.89	100.58
EBITDA	5,803	6,495	6,545	7,385	7,869	8,164	8,188	8,920	9,814	9,983	12,531	12,022	12,704	13,859	15,488
EBITDA-CapEx	4,124	4,633	4,602	5,209	5,494	5,404	5,173	5,347	5,656	7,148	8,954	7,627	7,960	8,984	10,544
Operating Income (Loss)	4,338	4,816	4,792	5,565	5,965	6,198	6,057	6,642	7,218	7,262	9,678	9,053	9,627	10,547	11,965

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.07	0.11	0.07	0.1	0.13	0.11	0.12	0.07	0.08	0.21	0.15	0.09	0.07	0.13	0.06
Current Ratio	1.3	1.26	1.41	1.63	1.67	1.56	1.62	1.35	1.44	1.42	1.41	1.38	1.18	1.08	0.97
Quick Ratio	0.88	0.87	0.99	1.14	1.2	1.11	1.17	0.96	1.03	1.02	1	0.99	0.86	0.84	0.73
CFO/Avg Current Liab	0.8	0.71	0.62	0.8	0.86	1	0.9	0.99	0.99	1.12	0.98	0.87	0.84	0.76	0.8
Common Equity/Total Assets	-35.02	-39.02	-32.6	-24.44	-22.4	-20.63	-17.84	-11.65	-5.21	1.64	-1.04	-4.34	-2.4	-3.55	-9.42
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	1,122.68	2,424.24	- -	3,686.04	7,242.52	- -
Long-Term Debt/Capital (%)	135.85	142.51	135.78	125.1	122.46	119.47	115.94	105.78	98.9	89.8	93.47	97.17	90.14	87.04	94
Long-Term Debt/Total Assets (%)	95.34	97.93	95.7	93.89	92.4	92.3	89.79	81.7	77.85	68.37	71.14	75.26	69.51	67.54	71.57
Total Debt/Equity (%)	-385.69	-346.84	-409.58	-452.85	-504.27	-557	-661.82	-1,124.78	-6,295.75	1,143.02	2,466.49	-55,068.49	3,948.96	8,150.81	-1,757.38
Total Debt/Capital (%)	143.31	149.95	139.65	126.56	123.4	120.3	116.64	108.38	100.3	91.43	95.1	98.97	96.57	97.96	105.33
Total Debt/Total Assets (%)	100.57	103.05	98.42	94.98	93.11	92.94	90.34	83.71	78.94	69.61	72.38	76.66	74.47	76.01	80.2
CFO/Total Liabilities	11.6	11.46	10.29	11.87	12.2	14.35	13.05	16.05	16.66	20.7	18.19	16.23	17.1	17.83	19.9
CFO/CapEx	2.34	2.24	1.89	2.04	1.99	2.05	1.8	1.89	1.83	3.26	2.5	1.94	1.99	2.16	2.56
Altman's Z-Score	1.7	1.79	2.08	2.48	2.48	2.49	2.47	2.7	2.72	2.83	3.25	2.93	2.89	2.87	3.1

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	7.1	7.17	6.92	6.77	6.85	7.08	7.08	7.02	7.25	7.14	7.76	7.09	6.89	6.82	6.99
Days Sales Outstanding	51.43	50.89	52.75	53.89	53.28	51.53	51.58	51.96	50.37	51.11	47.05	51.47	52.95	53.53	52.19
Inventory Turnover	19.09	19.44	19.09	18.64	18.21	17.56	17.8	17.64	17.9	16.65	18.08	18.28	19.27	22.31	26.09
Days Inventory Outstanding	19.12	18.77	19.12	19.59	20.04	20.79	20.51	20.69	20.4	21.93	20.19	19.97	18.95	16.36	13.99
Accounts Payable Turnover	11.98	12.39	12.16	11.99	11.85	11.54	11.15	11.31	11.73	10.07	9.47	8.9	9.29	9.79	9.88
Accounts Payable Turnover Days	30.46	29.47	30.02	30.45	30.8	31.63	32.74	32.27	31.11	36.25	38.52	41.03	39.3	37.29	36.94
Cash Conversion Cycle	40.09	40.19	41.85	43.03	42.51	40.69	39.35	40.38	39.66	36.78	28.71	30.4	32.59	32.6	29.23
Inventory to Cash Days	32.31	32.12	33.63	34.31	33.24	30.74	31.07	31.27	29.97	29.18	26.86	31.5	34	37.17	38.2
Inventories	1,054	1,086	1,179	1,279	1,439	1,503	1,573	1,732	1,849	2,025	1,986	2,068	2,021	1,738	1,652
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	1,054	1,086	1,179	1,279	1,439	1,503	1,573	1,732	1,849	2,025	1,986	2,068	2,021	1,738	1,652

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	10,500	13,371	20,974	30,859	26,967	27,427	30,752	42,673	50,026	55,822	78,483	69,672	71,876	75,032	104,859
- Cash & Cash Equivalents	373	705	414	566	741	646	732	502	621	1,793	1,451	908	935	1,933	1,040
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1,244	1,319	1,342	1,396	1,553	1,669	1,811	2,032	2,243	2,320	2,422	2,694	2,834	3,054	3,256
+ Total Debt	27,052	28,930	28,376	29,426	30,488	31,376	33,058	32,821	35,571	33,056	36,726	40,200	41,859	45,237	48,697
Enterprise Value	38,423	42,915	50,278	61,115	58,267	59,826	64,889	77,024	87,219	89,405	116,180	111,658	115,634	121,390	155,772
Total Capital	18,877	19,293	20,319	23,251	24,707	26,081	28,341	30,284	35,466	36,156	38,619	40,617	43,344	46,179	46,231
Total Debt/Capital (%)	143.31	149.95	139.65	126.56	123.4	120.3	116.64	108.38	100.3	91.43	95.1	98.97	96.57	97.96	105.33
Total Debt / EV	0.7	0.67	0.56	0.48	0.52	0.52	0.51	0.43	0.41	0.37	0.32	0.36	0.36	0.37	0.31
EV/Sales	1.29	1.3	1.47	1.66	1.47	1.44	1.49	1.65	1.7	1.73	1.98	1.85	1.78	1.72	2.06
EV/EBITDA	6.62	6.61	7.68	8.28	7.4	7.33	7.92	8.64	8.89	8.96	9.27	9.29	9.1	8.76	10.06
EV/EBIT	8.86	8.91	10.49	10.98	9.77	9.65	10.71	11.6	12.08	12.31	12	12.33	12.01	11.51	13.02
EV/Cash Flow to Firm	6.91	7.92	10.19	10.84	9.93	8.71	10.01	9.39	9.64	8.51	11.4	11.27	10.55	10.01	10.81
EV/Free Cash Flow to Firm	5.31	5.89	7.31	7.82	7.07	6.21	6.83	6.54	6.61	6.7	8.44	7.81	7.36	7.14	8.05
Diluted Market Cap	10,926	13,860	22,038	33,051	28,859	29,301	32,696	44,217	51,471	56,509	84,463	70,708	74,819	78,581	111,811
Diluted Enterprise Value	38,849	43,404	51,342	63,307	60,159	61,700	66,833	78,568	88,664	90,092	122,160	112,694	118,577	124,939	162,724
EV per Share	80.62	96.83	114.37	145.35	146.13	161.46	185.35	224.63	257.7	263.4	380.32	384.57	435.47	485.6	693.54
TTM Sales	29,682	33,013	34,182	36,918	39,678	41,490	43,614	46,677	51,336	51,533	58,752	60,233	64,968	70,603	75,600
TTM EBITDA	5,803	6,495	6,545	7,385	7,869	8,164	8,188	8,920	9,814	9,983	12,531	12,022	12,704	13,859	15,488
TTM Operating Income	4,338	4,816	4,792	5,565	5,965	6,198	6,057	6,642	7,218	7,262	9,678	9,053	9,627	10,547	11,965
TTM Cash Flow to Firm	5,559	5,421	4,932	5,636	5,868	6,871	6,484	8,205	9,044	10,512	10,189	9,909	10,963	12,124	14,415
TTM Free Cash Flow to Firm	7,238	7,283	6,875	7,812	8,243	9,631	9,499	11,778	13,202	13,347	13,766	14,304	15,707	16,999	19,359

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	1.95	2.3	3.92	4.99	4.06	3.48	3.87	4.28	4.38	4.68	6.74	5.47	5.28	5.11	6.36
EV/EBIT	8.86	8.91	10.49	10.98	9.77	9.65	10.71	11.6	12.08	12.31	12	12.33	12.01	11.51	13.02
Enterprise Value	38,423	42,915	50,278	61,115	58,267	59,826	64,889	77,024	87,219	89,405	116,180	111,658	115,634	121,390	155,772
Low Price	17.03	20.33	30.65	46.02	43.91	60.07	71.18	84.92	110.31	58.38	156.43	164.47	215.96	268.8	289.98
EV/Sales	1.29	1.3	1.47	1.66	1.47	1.44	1.49	1.65	1.7	1.73	1.98	1.85	1.78	1.72	2.06
EV/EBITDA	6.62	6.61	7.68	8.28	7.4	7.33	7.92	8.64	8.89	8.96	9.27	9.29	9.1	8.76	10.06
Price/Earnings	4.26	8.33	13.48	16.46	12.67	9.49	13.88	11.27	14.27	14.87	11.28	12.35	13.71	13.03	15.46
Price/Earnings Average	5.23	7.72	11.36	13.43	14.54	9.63	12.98	10.35	12.65	11.38	9.57	11.43	13.33	14.62	12.73
Price/Earnings High	6.84	9.48	13.99	17	17.88	10.73	14.38	13.35	14.5	15.09	11.59	14.36	15.44	18.1	17.22
Price/Earnings Low	3.29	5.61	8.66	10.32	8.22	7.7	11.25	7.69	10.65	5.28	6.87	8.46	10.94	11.67	9.6
Price/Book Value	-1.11	-1.22	-2.23	-4.08	-3.68	-3.94	-4.71	-9.34	-21.31	71.57	-148.36	-30.6	-53.28	-35.53	-18.33
Price/Book Value Average	-1.37	-1.13	-1.88	-3.33	-4.22	-4	-4.41	-8.58	-18.89	54.79	-125.81	-28.32	-51.81	-39.88	-15.1
Price/Book Value High	-1.79	-1.39	-2.32	-4.21	-5.19	-4.45	-4.88	-11.06	-21.65	72.62	-152.4	-35.58	-60.01	-49.37	-20.41
Price/Book Value Low	-0.86	-0.82	-1.43	-2.56	-2.39	-3.2	-3.82	-6.37	-15.9	25.4	-90.33	-20.97	-42.51	-31.82	-11.38
Price/Tangible Book Value	-0.86	-0.96	-1.63	-2.39	-2.11	-2.22	-2.48	-3.93	-5.66	-9.82	-9.75	-7.16	-8.09	-7.87	-8.03
Price/Tangible Book Value Average	-1.05	-0.89	-1.38	-1.95	-2.42	-2.26	-2.32	-3.61	-5.02	-7.52	-8.27	-6.63	-7.87	-8.83	-6.61
Price/Tangible Book Value High	-1.37	-1.1	-1.7	-2.47	-2.98	-2.51	-2.57	-4.65	-5.75	-9.96	-10.01	-8.33	-9.11	-10.93	-8.94
Price/Tangible Book Value Low	-0.66	-0.65	-1.05	-1.5	-1.37	-1.8	-2.01	-2.68	-4.23	-3.48	-5.94	-4.91	-6.45	-7.04	-4.99
Price/Sales	0.35	0.41	0.61	0.84	0.68	0.66	0.71	0.91	0.97	1.08	1.34	1.16	1.11	1.06	1.39
Price/Sales Average	0.43	0.38	0.52	0.68	0.78	0.67	0.66	0.84	0.86	0.83	1.13	1.07	1.08	1.19	1.14
Price/Sales High	0.57	0.46	0.64	0.86	0.96	0.75	0.73	1.08	0.99	1.1	1.37	1.34	1.25	1.48	1.54
Price/Sales Low	0.27	0.27	0.39	0.52	0.44	0.54	0.57	0.62	0.73	0.38	0.81	0.79	0.88	0.95	0.86
Price/Cash Flow	2.67	3.2	5.7	6.94	5.7	4.85	5.67	6.31	6.58	6.05	8.76	8.18	7.62	7.14	8.3
Price/Cash Flow Average	3.28	2.97	4.8	5.66	6.54	4.92	5.3	5.8	5.83	4.63	7.43	7.57	7.41	8.01	6.84
Price/Cash Flow High	4.29	3.64	5.92	7.17	8.04	5.49	5.87	7.48	6.69	6.14	9	9.51	8.58	9.92	9.24
Price/Cash Flow Low	2.06	2.16	3.66	4.35	3.7	3.94	4.59	4.31	4.91	2.15	5.33	5.6	6.08	6.39	5.15
Price/Free Cash Flow Average	2.39	2.13	3.3	4.07	4.66	3.53	3.62	3.93	3.88	3.59	5.71	5.07	5.13	5.73	5.24
Price/Free Cash Flow High	3.13	2.61	4.07	5.15	5.73	3.94	4.01	5.07	4.45	4.75	6.92	6.37	5.94	7.1	7.08
Price/Free Cash Flow Low	1.5	1.55	2.52	3.13	2.64	2.83	3.14	2.92	3.27	1.66	4.1	3.75	4.21	4.57	3.95
EV/Sales Average	1.38	1.27	1.37	1.5	1.57	1.45	1.44	1.58	1.59	1.48	1.77	1.77	1.75	1.85	1.82
EV/Sales High	1.51	1.36	1.49	1.68	1.75	1.53	1.51	1.82	1.71	1.75	2.01	2.04	1.92	2.13	2.22
EV/Sales Low	1.21	1.17	1.25	1.34	1.23	1.32	1.35	1.36	1.45	1.04	1.45	1.49	1.56	1.61	1.53
EV/EBITDA Average	7.03	6.46	7.18	7.51	7.91	7.38	7.68	8.25	8.31	7.65	8.32	8.86	8.95	9.42	8.87
EV/EBITDA High	7.72	6.89	7.8	8.41	8.82	7.77	8.06	9.52	8.97	9.04	9.44	10.23	9.82	10.87	10.83
EV/EBITDA Low	6.21	5.94	6.54	6.72	6.2	6.69	7.21	7.12	7.59	5.35	6.82	7.46	7.96	8.19	7.49
EV/EBIT Average	9.41	8.71	9.8	9.96	10.44	9.72	10.39	11.07	11.3	10.51	10.77	11.76	11.8	12.38	11.48
EV/EBIT High	10.32	9.29	10.66	11.17	11.63	10.23	10.9	12.78	12.19	12.42	12.23	13.59	12.95	14.28	14.02
EV/EBIT Low	8.31	8.01	8.93	8.91	8.18	8.82	9.75	9.56	10.33	7.35	8.83	9.91	10.5	10.77	9.7
Last Price	22.03	30.17	47.71	73.39	67.63	74.02	87.84	124.45	147.81	164.46	256.92	239.96	270.68	300.15	466.86
High Price	35.37	34.32	49.52	75.82	95.49	83.69	91.03	147.42	150.17	166.87	263.92	279.02	304.86	417.14	520
Enterprise Value Average	40,816	41,938	46,979	55,430	62,249	60,234	62,908	73,549	81,545	76,321	104,253	106,474	113,643	130,587	137,304
Enterprise Value High	44,781	44,755	51,073	62,137	69,376	63,409	66,006	84,901	88,017	90,223	118,318	122,999	124,710	150,635	167,708
Enterprise Value Low	36,040	38,554	42,778	49,606	48,809	54,657	59,057	63,470	74,527	53,399	85,483	89,740	101,103	113,553	116,044

Shares Outstanding	437	443	440	420	399	371	350	343	338	339	305	277	266	250	225
Diluted Weighted Avg Shares	496	459	462	450	427	396	372	355	348	344	329	295	276	262	239
Basic Weighted Avg Shares	477	443	440	420	399	371	350	343	338	339	305	290	266	250	225
Revenue per Share	62.28	74.49	77.76	87.8	99.51	111.97	124.58	136.13	151.68	151.82	192.33	207.45	244.67	282.43	336.59
EBITDA per Share	12.18	14.65	14.89	17.56	19.73	22.03	23.39	26.01	29	29.41	41.02	41.41	47.84	55.44	68.96
Operating Income per Share	9.1	10.87	10.9	13.23	14.96	16.73	17.3	19.37	21.33	21.39	31.68	31.18	36.25	42.19	53.27
Basic EPS, GAAP	5.17	3.62	3.54	4.46	5.34	7.8	6.33	11.04	10.36	11.06	22.77	19.44	19.74	23.04	30.2
Basic EPS from Cont Ops	5.96	4.53	4.54	5.64	6.76	9.26	7.84	12.8	12.25	12.92	25.28	23.54	22.94	26.63	34.65
Diluted EPS, GAAP	4.97	3.49	3.37	4.16	4.99	7.3	5.95	10.66	10.07	10.93	21.16	19.15	18.96	22	28.33
Diluted EPS from Cont Ops	5.73	4.37	4.32	5.27	6.32	8.67	7.37	12.35	11.9	12.77	23.49	23.19	22.04	25.43	32.49
Dividend per Share	0.07	7.1	0.04	0.02	- -	- -	- -	1.42	1.63	0.45	2.04	2.25	2.49	2.76	3.02
Cash Flow per Share	8.25	9.42	8.37	10.58	11.87	15.26	15.5	19.72	22.46	27.2	29.33	29.35	35.52	42.06	56.26
Free Cash Flow per Basic Share	4.73	5.22	3.95	5.4	5.92	7.81	6.89	9.3	10.18	18.85	17.62	14.21	17.65	22.56	34.25
Cash & Equivalents per Share	0.78	1.59	0.94	1.35	1.86	1.74	2.09	1.46	1.83	5.28	4.75	3.13	3.52	7.73	4.63
Book Value per Share	-19.76	-24.72	-21.38	-18.01	-18.39	-18.79	-18.65	-13.32	-6.94	2.3	-1.73	-7.84	-5.08	-8.45	-25.48
Tangible Book Value per Share	-25.73	-31.32	-29.19	-30.71	-32.04	-33.3	-35.39	-31.7	-26.1	-16.75	-26.36	-33.5	-33.46	-38.15	-58.16

HCA Healthcare, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)