HCA HEALTHCARE Reports Financial Results for Q2 FY2023

🌥️Earnings Overview

On July 27 2023, HCA HEALTHCARE ($NYSE:HCA) reported its financial results for the second quarter of fiscal year 2023, which ended on June 30 2023. Total revenue was USD 15.9 billion, a 7.0% year-over-year increase, and net income was USD 1.2 billion, a 2.6% rise compared to the prior year’s period.

Share Price

The stock opened at $274.0 and ended the day at $276.3, a decrease of 2.1% from the prior closing price of $282.2. The company reported net income of $2.1 billion, up 4% from Q2 FY2022. The company’s improved operating metrics, combined with higher admissions and patient revenue, demonstrate the strength of its operations and its ability to make continued progress in the healthcare sector. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Hca Healthcare. More…

Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Hca Healthcare. More…

Key Ratios Snapshot

Some of the financial key ratios for Hca Healthcare are shown below. More…

Analysis

At GoodWhale, we examined HCA HEALTHCARE‘s fundamentals to deliver a comprehensive assessment. We found that HCA HEALTHCARE is a low risk investment in terms of financial and business aspects. Our Risk Rating analysis looks at a company’s capital structure, financial performance, equity volatility, and other metrics to evaluate overall investment risk. To gain a better understanding of the company’s potential risks, we encourage our users to become registered so they can access our detailed analyses. We provide assessments of the business and financial areas with potential risks, so that our users can make informed decisions about their investments. More…

Peers

HCA Healthcare Inc is a healthcare company that operates in the United States. The company’s competitors include Universal Health Services Inc, Tenet Healthcare Corp, and Community Health Systems Inc.

– Universal Health Services Inc ($NYSE:UHS)

Universal Health Services, Inc. is one of the largest healthcare management companies in the United States. The company owns and operates hospitals, physician groups, ambulatory surgery centers, and other healthcare facilities. Universal Health Services is headquartered in King of Prussia, Pennsylvania.

– Tenet Healthcare Corp ($NYSE:THC)

Tenet Healthcare Corporation is an American for-profit healthcare services company based in Dallas, Texas. through its subsidiaries, the company owns and operates hospitals, outpatient facilities, and Conifer Health Solutions, a health services company. As of February 2021, Tenet operated 79 hospitals and more than 470 outpatient centers in the United States.

– Community Health Systems Inc ($NYSE:CYH)

Community Health Systems Inc (CHS) is a for-profit operator of general acute care hospitals. As of 2022, it has a market capitalization of 311.19 million and a return on equity of -48.01%. The company’s hospitals offer a wide range of services, including emergency care, surgery, laboratory and imaging services. CHS also owns and operates a number of home health, hospice and outpatient facilities.

Summary

HCA Healthcare reported strong second-quarter financial results for FY2023, with total revenue of USD 15.9 billion, representing a 7.0% YoY increase, and net income of USD 1.2 billion, up 2.6% YoY. The company’s performance was driven by growth in same facility admissions, higher patient volumes and improved pricing strategies. Its organic growth initiatives, focus on specialty services, geographic expansion plans and technological investments also contributed positively to the results. HCA Healthcare’s stock price has increased over 30% since the start of the year, reflecting investor optimism about the company’s prospects for long-term growth.