Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
HCA Healthcare Inc., profitability ratios
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | HCA Healthcare Inc. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | HCA Healthcare Inc. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | HCA Healthcare Inc. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | HCA Healthcare Inc. ROA improved from 2019 to 2020 and from 2020 to 2021. |
Gross Profit Margin
HCA Healthcare Inc., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 49,271) | 43,164) | 42,855) | 38,953) | 36,298) | |
| Revenues | 58,752) | 51,533) | 51,336) | 46,677) | 43,614) | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 83.86% | 83.76% | 83.48% | 83.45% | 83.23% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Abbott Laboratories | 52.21% | 50.49% | 52.46% | — | — | |
| Cigna Group | 12.41% | 14.43% | 15.57% | — | — | |
| CVS Health Corp. | 17.48% | 18.01% | 17.41% | — | — | |
| Danaher Corp. | 60.95% | 55.98% | 55.74% | — | — | |
| Elevance Health Inc. | 17.09% | 19.71% | 18.77% | — | — | |
| Intuitive Surgical Inc. | 69.32% | 65.65% | 69.45% | — | — | |
| Medtronic PLC | 65.19% | 67.41% | 70.04% | 69.77% | — | |
| UnitedHealth Group Inc. | 23.60% | 25.62% | 23.19% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Revenues
= 100 × 49,271 ÷ 58,752 = 83.86%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | HCA Healthcare Inc. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Operating Profit Margin
HCA Healthcare Inc., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income | 11,298) | 7,255) | 7,236) | 7,070) | 6,065) | |
| Revenues | 58,752) | 51,533) | 51,336) | 46,677) | 43,614) | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 19.23% | 14.08% | 14.10% | 15.15% | 13.91% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Abbott Laboratories | 19.56% | 15.48% | 14.21% | — | — | |
| Cigna Group | 4.60% | 5.12% | 5.31% | — | — | |
| CVS Health Corp. | 4.54% | 5.19% | 4.69% | — | — | |
| Danaher Corp. | 25.35% | 18.99% | 18.25% | — | — | |
| Elevance Health Inc. | 5.15% | 4.97% | 5.49% | — | — | |
| Humana Inc. | 3.80% | 6.56% | 4.96% | — | — | |
| Intuitive Surgical Inc. | 31.89% | 24.09% | 30.69% | — | — | |
| Medtronic PLC | 14.89% | 16.57% | 20.51% | 22.20% | — | |
| UnitedHealth Group Inc. | 8.40% | 8.76% | 8.19% | — | — | |
| Operating Profit Margin, Sector | ||||||
| Health Care Equipment & Services | 7.20% | 7.31% | 7.11% | — | — | |
| Operating Profit Margin, Industry | ||||||
| Health Care | 13.07% | 10.36% | 12.35% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Operating profit margin = 100 × Operating income ÷ Revenues
= 100 × 11,298 ÷ 58,752 = 19.23%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | HCA Healthcare Inc. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net Profit Margin
HCA Healthcare Inc., net profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to HCA Healthcare, Inc. | 6,956) | 3,754) | 3,505) | 3,787) | 2,216) | |
| Revenues | 58,752) | 51,533) | 51,336) | 46,677) | 43,614) | |
| Profitability Ratio | ||||||
| Net profit margin1 | 11.84% | 7.28% | 6.83% | 8.11% | 5.08% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Abbott Laboratories | 16.42% | 12.99% | 11.56% | — | — | |
| Cigna Group | 3.11% | 5.31% | 3.35% | — | — | |
| CVS Health Corp. | 2.72% | 2.68% | 2.59% | — | — | |
| Danaher Corp. | 21.84% | 16.36% | 16.80% | — | — | |
| Elevance Health Inc. | 4.46% | 3.78% | 4.66% | — | — | |
| Humana Inc. | 3.54% | 4.43% | 4.20% | — | — | |
| Intuitive Surgical Inc. | 29.85% | 24.33% | 30.80% | — | — | |
| Medtronic PLC | 11.97% | 16.56% | 15.16% | 10.36% | — | |
| UnitedHealth Group Inc. | 6.06% | 6.03% | 5.76% | — | — | |
| Net Profit Margin, Sector | ||||||
| Health Care Equipment & Services | 5.42% | 5.46% | 5.09% | — | — | |
| Net Profit Margin, Industry | ||||||
| Health Care | 10.82% | 7.69% | 10.13% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Net profit margin = 100 × Net income attributable to HCA Healthcare, Inc. ÷ Revenues
= 100 × 6,956 ÷ 58,752 = 11.84%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | HCA Healthcare Inc. net profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Return on Equity (ROE)
HCA Healthcare Inc., ROE calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to HCA Healthcare, Inc. | 6,956) | 3,754) | 3,505) | 3,787) | 2,216) | |
| Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc. | (933) | 572) | (2,808) | (4,950) | (6,806) | |
| Profitability Ratio | ||||||
| ROE1 | — | 656.29% | — | — | — | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Abbott Laboratories | 19.75% | 13.71% | 11.86% | — | — | |
| Cigna Group | 11.39% | 16.81% | 11.26% | — | — | |
| CVS Health Corp. | 10.54% | 10.35% | 10.39% | — | — | |
| Danaher Corp. | 14.24% | 9.17% | 9.94% | — | — | |
| Elevance Health Inc. | 16.93% | 13.77% | 15.15% | — | — | |
| Humana Inc. | 18.24% | 24.53% | 22.49% | — | — | |
| Intuitive Surgical Inc. | 14.32% | 10.90% | 16.69% | — | — | |
| Medtronic PLC | 7.01% | 9.44% | 9.25% | 6.12% | — | |
| UnitedHealth Group Inc. | 24.09% | 23.52% | 24.02% | — | — | |
| ROE, Sector | ||||||
| Health Care Equipment & Services | 14.96% | 14.51% | 13.87% | — | — | |
| ROE, Industry | ||||||
| Health Care | 22.87% | 16.00% | 21.03% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
ROE = 100 × Net income attributable to HCA Healthcare, Inc. ÷ Stockholders’ equity (deficit) attributable to HCA Healthcare, Inc.
= 100 × 6,956 ÷ -933 = —
2 Click competitor name to see calculations.
Return on Assets (ROA)
HCA Healthcare Inc., ROA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to HCA Healthcare, Inc. | 6,956) | 3,754) | 3,505) | 3,787) | 2,216) | |
| Total assets | 50,742) | 47,490) | 45,058) | 39,207) | 36,593) | |
| Profitability Ratio | ||||||
| ROA1 | 13.71% | 7.90% | 7.78% | 9.66% | 6.06% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Abbott Laboratories | 9.40% | 6.20% | 5.43% | — | — | |
| Cigna Group | 3.46% | 5.44% | 3.28% | — | — | |
| CVS Health Corp. | 3.39% | 3.11% | 2.98% | — | — | |
| Danaher Corp. | 7.73% | 4.79% | 4.85% | — | — | |
| Elevance Health Inc. | 6.26% | 5.28% | 6.21% | — | — | |
| Humana Inc. | 6.61% | 9.63% | 9.31% | — | — | |
| Intuitive Surgical Inc. | 12.58% | 9.50% | 14.17% | — | — | |
| Medtronic PLC | 3.87% | 5.28% | 5.16% | 3.40% | — | |
| UnitedHealth Group Inc. | 8.15% | 7.81% | 7.96% | — | — | |
| ROA, Sector | ||||||
| Health Care Equipment & Services | 5.80% | 5.54% | 5.16% | — | — | |
| ROA, Industry | ||||||
| Health Care | 8.19% | 5.42% | 7.18% | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
ROA = 100 × Net income attributable to HCA Healthcare, Inc. ÷ Total assets
= 100 × 6,956 ÷ 50,742 = 13.71%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | HCA Healthcare Inc. ROA improved from 2019 to 2020 and from 2020 to 2021. |