HCA Healthcare, Inc. Earnings Recaps
Q3 2025
Oct 24, 2025
HCA Healthcare delivered robust third-quarter results with a 42% increase in adjusted diluted earnings per share and a 9.6% revenue growth, driven by volume expansion and improved payer mix.
Key takeaways
- Same facility equivalent admissions rose by 2.4%, reflecting strong demand for healthcare services.
- Adjusted EBITDA margin improved, significantly aided by effective labor and supply cost management.
- Revenue from Medicaid supplemental programs contributed approximately $240 million to adjusted EBITDA, underscoring the importance of these programs.
- Guidance for the year was raised in response to favorable performance and a positive outlook for the fourth quarter.
- The company remains focused on enhancing operational capabilities and investments in patient care services and digital tools.