NYSE : DVA

DaVita Inc. — Financial statements

Healthcare · Medical Care Facilities · United States

Last price 187.5 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 11.80B

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Financial statements

DaVita Inc. (DVA) reported revenue of 14.17B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Operating Revenue13.45B13.01B12.26B11.57B11.18B11.21B
Other Revenue720.87M635.88M555.17M565.21M433.43M405.28M
Revenue14.17B13.64B12.82B12.14B11.61B11.62B
Cost of Revenue9.59B9.24B8.60B8.32B8.21B7.97B
Gross Profit4.57B4.40B4.22B3.82B3.40B3.65B
Selling, General & Admin1.73B1.65B1.54B1.47B1.36B1.20B
Operating Expenses2.42B2.36B2.26B2.22B2.09B1.88B
Operating Income2.15B2.04B1.95B1.60B1.31B1.77B
Interest Expense-578.14M-569.96M-528.64M-502.12M-368.75M-279.75M
Earnings From Equity Investments34.63M33.00M26.19M27.86M26.52M26.94M
Other Non Operating Income (Expenses)112.29M13.94M101.06M143.90M20.82M869.00K
EBT Excluding Unusual Items1.72B1.51B1.55B1.27B991.13M1.52B
Impairment of Goodwill-57.10M-26.08M
Gain (Loss) on Sale of Investments-139.19M-139.19M-112.70M-59.51M-24.86M
Gain (Loss) on Sale of Assets109.47M
Asset Writedown-5.07M
Other Unusual Items1.34M-26.78M-19.81M-7.96M
Pretax Income1.52B1.35B1.53B1.18B966.28M1.52B
Income Tax Expense324.03M293.11M279.66M220.12M198.09M306.73M
Earnings From Continuing Operations1.19B1.05B1.25B956.98M768.19M1.21B
Earnings From Discontinued Operations25.00M25.00M13.45M
Net Income to Company1.22B1.08B1.25B956.98M781.64M1.21B
Minority Interest in Earnings-298.60M-331.91M-314.39M-265.44M-221.24M-233.31M
Net Income920.08M746.80M936.34M691.53M560.40M978.45M
Net Income to Common920.08M746.80M936.34M691.53M560.40M978.45M
Shares Outstanding (Basic)66.39M74.23M84.99M90.79M92.99M105.23M
Shares Outstanding (Diluted)67.91M75.89M87.27M93.18M95.83M109.95M
EPS (Basic)13.8610.0611.027.626.039.30
EPS (Diluted)13.559.8410.737.425.858.90
Free Cash Flow1.29B1.31B1.47B1.49B961.14M1.29B
Free Cash Flow Per Share19.0517.2716.8016.0010.0311.73
Gross Margin32.28%32.26%32.91%31.47%29.29%31.38%
Operating Margin15.17%14.92%15.25%13.19%11.30%15.24%
Profit Margin6.49%5.47%7.31%5.70%4.83%8.42%
Free Cash Flow Margin9.13%9.61%11.44%12.28%8.28%11.10%
EBITDA2.85B2.75B2.68B2.35B2.05B2.45B
EBITDA Margin20.09%20.16%20.90%19.33%17.62%21.10%
D&A For EBITDA697.53M715.35M723.86M745.44M732.60M680.62M
EBIT2.15B2.04B1.95B1.60B1.31B1.77B
EBIT Margin15.17%14.92%15.25%13.19%11.30%15.24%
Effective Tax Rate21.35%21.76%18.27%18.70%20.50%20.20%
Revenue as Reported14.17B13.64B12.82B12.14B11.61B11.62B

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents495.63M676.44M794.93M380.06M244.09M461.90M
Short-Term Investments70.67M24.30M51.06M11.61M77.69M22.31M
Cash & Short-Term Investments566.30M700.74M846.00M391.67M321.78M484.21M
Accounts Receivable3.07B2.69B2.40B2.22B2.26B1.96B
Other Receivables47.81M272.55M159.63M194.17M293.90M452.93M
Receivables3.12B2.96B2.56B2.42B2.55B2.41B
Inventory161.46M160.63M134.56M143.10M109.12M107.43M
Prepaid Expenses141.15M156.28M122.95M102.64M78.84M72.52M
Restricted Cash83.63M81.31M84.89M84.57M94.90M93.06M
Total Current Assets4.07B4.06B3.75B3.14B3.16B3.17B
Property, Plant & Equipment5.17B5.21B5.33B5.57B5.92B6.30B
Long-Term Investments509.34M209.81M400.41M673.54M415.19M300.60M
Goodwill7.55B7.55B7.38B7.11B7.08B7.05B
Other Intangible Assets221.07M222.12M197.43M203.22M182.69M177.69M
Long-Term Deferred Tax Assets69.74M46.25M34.44M27.71M22.91M
Other Long-Term Assets297.86M165.19M185.42M157.01M148.13M101.56M
Total Assets17.82B17.48B17.29B16.89B16.93B17.12B
Accounts Payable662.20M696.15M547.20M514.53M479.78M402.05M
Accrued Expenses747.91M1.04B1.00B910.24M838.06M790.22M
Current Portion of Long-Term Debt112.49M74.58M270.87M123.30M231.40M179.03M
Current Portion of Leases438.13M460.11M410.41M394.40M395.40M394.36M
Current Income Taxes Payable23.14M24.36M10.30M28.51M18.04M53.79M
Other Current Liabilities902.89M842.23M731.56M671.24M657.06M579.09M
Total Current Liabilities2.89B3.14B2.97B2.64B2.62B2.40B
Long-Term Debt10.51B10.01B8.96B8.01B8.69B8.73B
Long-Term Leases2.34B2.33B2.43B2.59B2.50B2.67B
Long-Term Deferred Tax Liabilities861.69M756.87M665.36M726.22M782.79M830.95M
Other Long-Term Liabilities100.43M83.52M169.59M183.07M105.23M119.16M
Total Liabilities16.69B16.32B15.19B14.15B14.70B14.75B
Common Stock69.00K69.00K90.00K89.00K90.00K97.00K
Additional Paid-In Capital53.98M286.27M509.80M606.93M540.32M
Retained Earnings301.56M-328.43M1.53B598.29M174.49M354.34M
Treasury Stock-917.24M-199.94M-1.39B
Comprehensive Income & Other-29.46M-122.78M-310.80M-52.08M-69.19M-139.25M
Total Common Equity-591.09M-651.08M121.12M1.06B712.33M755.51M
Minority Interest1.72B1.81B1.97B1.69B1.51B1.62B
Shareholders' Equity1.13B1.16B2.09B2.74B2.22B2.37B
Total Liabilities & Equity17.82B17.48B17.29B16.89B16.93B17.12B
Total Debt13.39B12.87B12.07B11.12B11.82B11.98B
Net Cash (Debt)-12.83B-12.17B-11.22B-10.72B-11.50B-11.49B
Net Cash Per Share-188.86-160.42-128.57-115.09-120.01-104.51
Filing Date Shares Outstanding62.90M66.80M80.00M87.70M90.40M96.30M
Total Common Shares Outstanding63.40M68.55M80.54M88.82M90.41M97.29M
Working Capital1.19B916.37M772.66M495.69M535.54M769.19M
Book Value Per Share-9.32-9.501.5011.897.887.77
Tangible Book Value-8.36B-8.42B-7.45B-6.26B-6.55B-6.47B
Tangible Book Value Per Share-131.86-122.81-92.52-70.47-72.41-66.49
Land40.49M50.17M35.22M32.66M34.01M
Buildings402.62M428.99M436.46M427.96M496.45M
Machinery4.54B4.41B4.13B3.76B3.29B
Construction In Progress122.36M133.31M177.15M376.63M592.06M
Leasehold Improvements4.31B4.18B4.06B3.93B3.83B

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income920.08M746.80M936.34M691.53M560.40M978.45M
Depreciation & Amortization697.53M715.35M723.86M745.44M732.60M680.62M
Loss (Gain) From Sale of Assets-17.55M-17.55M13.41M-8.94M
Asset Writedown & Restructuring Costs62.18M26.08M
Loss (Gain) From Sale of Investments-109.47M
Loss (Gain) on Equity Investments43.67M134.31M115.84M64.78M8.77M5.21M
Stock-Based Compensation121.77M139.95M102.79M112.38M95.43M102.21M
Other Operating Activities418.67M430.87M269.08M233.22M167.27M305.03M
Change in Accounts Receivable-133.53M-210.63M-29.77M172.36M-148.39M-138.14M
Change in Inventory-19.76M-19.95M17.94M-32.13M-757.00K5.72M
Change in Accounts Payable-17.38M128.30M1.70M26.89M87.48M-30.32M
Change in Income Taxes81.33M50.24M-44.21M1.57M-24.10M36.92M
Change in Other Net Operating Assets-286.55M-211.21M24.52M25.85M85.87M-14.82M
Operating Cash Flow1.87B1.89B2.02B2.06B1.56B1.93B
Capital Expenditures-576.75M-575.86M-555.44M-567.99M-603.43M-641.47M
Sale of Property, Plant & Equipment18.13M34.17M25.86M30.61M117.58M61.46M
Cash Acquisitions-40.82M-117.47M-246.07M-26.39M-57.31M-187.05M
Investment in Securities-317.13M4.21M4.22M-208.03M-86.41M-16.94M
Other Investing Activities-782.00K-745.00K
Investing Cash Flow-916.57M-654.95M-771.43M-771.80M-630.35M-784.73M
Long-Term Debt Issued5.61B6.62B2.47B2.39B1.62B
Long-Term Debt Repaid-4.79B-5.52B-3.02B-2.40B-861.12M
Net Debt Issued (Repaid)522.31M823.43M1.11B-552.62M-11.28M754.25M
Issuance of Common Stock20.22M23.29M20.45M16.90M18.58M
Repurchase of Common Stock-1.27B-1.83B-1.52B-337.23M-858.17M-1.60B
Other Financing Activities-442.21M-393.21M-426.51M-297.55M-270.25M-238.59M
Financing Cash Flow-1.17B-1.37B-816.94M-1.17B-1.12B-1.08B
Foreign Exchange Rate Adjustments-855.00K21.15M-18.48M8.91M-29.07M-10.01M
Net Cash Flow-216.15M-122.08M415.19M125.64M-215.97M53.17M
Free Cash Flow1.29B1.31B1.47B1.49B961.14M1.29B
Free Cash Flow Margin9.13%9.61%11.44%12.28%8.28%11.10%
Free Cash Flow Per Share19.0517.2716.8016.0010.0311.73
Levered Free Cash Flow905.08M1.05B1.18B1.20B832.27M1.08B
Unlevered Free Cash Flow1.27B1.41B1.51B1.51B1.06B1.26B
Cash Interest Paid279.00M
Cash Income Tax Paid176.69M176.69M387.94M268.09M344.43M209.75M
Change in Working Capital-375.89M-263.24M-29.82M194.53M101.00K-140.64M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization11.80B8.02B12.26B9.57B6.73B11.59B
Enterprise Value24.62B21.98B25.20B21.86B19.86B24.16B
Last Close Price187.50113.61149.55104.7674.67113.76
PE Ratio13.8410.7413.1013.8412.0111.85
Forward PE11.679.2213.7412.4812.6914.02
PS Ratio0.830.590.960.790.581.00
PB Ratio10.486.925.863.493.024.89
P/FCF Ratio9.126.128.366.427.008.99
P/OCF Ratio6.314.256.074.654.306.00
PEG Ratio0.440.730.780.751.391.27
EV/Sales Ratio1.741.611.971.801.712.08
EV/EBITDA Ratio8.657.999.419.329.719.86
EV/EBIT Ratio11.4610.7912.8913.6615.1313.65
EV/FCF Ratio19.0316.7717.1814.6620.6718.74
Debt / Equity Ratio11.9011.115.774.055.315.05
Debt / EBITDA Ratio3.763.733.583.664.343.83
Debt / FCF Ratio10.359.828.237.4612.309.29
Net Debt / Equity Ratio11.3910.515.373.915.174.85
Net Debt / EBITDA Ratio4.514.424.194.575.624.69
Net Debt / FCF Ratio9.919.297.657.1911.978.91
Asset Turnover0.800.790.750.720.680.68
Inventory Turnover63.8562.6261.9465.9775.8272.79
Quick Ratio1.281.171.151.061.101.21
Current Ratio1.411.291.261.191.201.32
Return on Equity (ROE)96.79%64.85%51.74%38.52%33.43%46.01%
Return on Assets (ROA)7.59%7.32%7.15%5.92%4.82%6.49%
Return on Invested Capital (ROIC)12.18%11.96%11.93%9.57%7.56%10.23%
Return on Capital Employed (ROCE)14.40%14.20%13.70%11.20%9.20%12.00%
Earnings Yield7.23%9.31%7.63%7.23%8.33%8.44%
FCF Yield10.97%16.34%11.96%15.58%14.29%11.12%
Buyback Yield / Dilution14.08%13.05%6.34%2.77%12.84%10.34%