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.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 13.45B | 13.01B | 12.26B | 11.57B | 11.18B | 11.21B |
| Other Revenue | 720.87M | 635.88M | 555.17M | 565.21M | 433.43M | 405.28M |
| Revenue | 14.17B | 13.64B | 12.82B | 12.14B | 11.61B | 11.62B |
| Cost of Revenue | 9.59B | 9.24B | 8.60B | 8.32B | 8.21B | 7.97B |
| Gross Profit | 4.57B | 4.40B | 4.22B | 3.82B | 3.40B | 3.65B |
| Selling, General & Admin | 1.73B | 1.65B | 1.54B | 1.47B | 1.36B | 1.20B |
| Operating Expenses | 2.42B | 2.36B | 2.26B | 2.22B | 2.09B | 1.88B |
| Operating Income | 2.15B | 2.04B | 1.95B | 1.60B | 1.31B | 1.77B |
| Interest Expense | -578.14M | -569.96M | -528.64M | -502.12M | -368.75M | -279.75M |
| Earnings From Equity Investments | 34.63M | 33.00M | 26.19M | 27.86M | 26.52M | 26.94M |
| Other Non Operating Income (Expenses) | 112.29M | 13.94M | 101.06M | 143.90M | 20.82M | 869.00K |
| EBT Excluding Unusual Items | 1.72B | 1.51B | 1.55B | 1.27B | 991.13M | 1.52B |
| 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 Assets | 109.47M | |||||
| Asset Writedown | -5.07M | |||||
| Other Unusual Items | 1.34M | -26.78M | -19.81M | -7.96M | ||
| Pretax Income | 1.52B | 1.35B | 1.53B | 1.18B | 966.28M | 1.52B |
| Income Tax Expense | 324.03M | 293.11M | 279.66M | 220.12M | 198.09M | 306.73M |
| Earnings From Continuing Operations | 1.19B | 1.05B | 1.25B | 956.98M | 768.19M | 1.21B |
| Earnings From Discontinued Operations | 25.00M | 25.00M | 13.45M | |||
| Net Income to Company | 1.22B | 1.08B | 1.25B | 956.98M | 781.64M | 1.21B |
| Minority Interest in Earnings | -298.60M | -331.91M | -314.39M | -265.44M | -221.24M | -233.31M |
| Net Income | 920.08M | 746.80M | 936.34M | 691.53M | 560.40M | 978.45M |
| Net Income to Common | 920.08M | 746.80M | 936.34M | 691.53M | 560.40M | 978.45M |
| Shares Outstanding (Basic) | 66.39M | 74.23M | 84.99M | 90.79M | 92.99M | 105.23M |
| Shares Outstanding (Diluted) | 67.91M | 75.89M | 87.27M | 93.18M | 95.83M | 109.95M |
| EPS (Basic) | 13.86 | 10.06 | 11.02 | 7.62 | 6.03 | 9.30 |
| EPS (Diluted) | 13.55 | 9.84 | 10.73 | 7.42 | 5.85 | 8.90 |
| Free Cash Flow | 1.29B | 1.31B | 1.47B | 1.49B | 961.14M | 1.29B |
| Free Cash Flow Per Share | 19.05 | 17.27 | 16.80 | 16.00 | 10.03 | 11.73 |
| Gross Margin | 32.28% | 32.26% | 32.91% | 31.47% | 29.29% | 31.38% |
| Operating Margin | 15.17% | 14.92% | 15.25% | 13.19% | 11.30% | 15.24% |
| Profit Margin | 6.49% | 5.47% | 7.31% | 5.70% | 4.83% | 8.42% |
| Free Cash Flow Margin | 9.13% | 9.61% | 11.44% | 12.28% | 8.28% | 11.10% |
| EBITDA | 2.85B | 2.75B | 2.68B | 2.35B | 2.05B | 2.45B |
| EBITDA Margin | 20.09% | 20.16% | 20.90% | 19.33% | 17.62% | 21.10% |
| D&A For EBITDA | 697.53M | 715.35M | 723.86M | 745.44M | 732.60M | 680.62M |
| EBIT | 2.15B | 2.04B | 1.95B | 1.60B | 1.31B | 1.77B |
| EBIT Margin | 15.17% | 14.92% | 15.25% | 13.19% | 11.30% | 15.24% |
| Effective Tax Rate | 21.35% | 21.76% | 18.27% | 18.70% | 20.50% | 20.20% |
| Revenue as Reported | 14.17B | 13.64B | 12.82B | 12.14B | 11.61B | 11.62B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 495.63M | 676.44M | 794.93M | 380.06M | 244.09M | 461.90M |
| Short-Term Investments | 70.67M | 24.30M | 51.06M | 11.61M | 77.69M | 22.31M |
| Cash & Short-Term Investments | 566.30M | 700.74M | 846.00M | 391.67M | 321.78M | 484.21M |
| Accounts Receivable | 3.07B | 2.69B | 2.40B | 2.22B | 2.26B | 1.96B |
| Other Receivables | 47.81M | 272.55M | 159.63M | 194.17M | 293.90M | 452.93M |
| Receivables | 3.12B | 2.96B | 2.56B | 2.42B | 2.55B | 2.41B |
| Inventory | 161.46M | 160.63M | 134.56M | 143.10M | 109.12M | 107.43M |
| Prepaid Expenses | 141.15M | 156.28M | 122.95M | 102.64M | 78.84M | 72.52M |
| Restricted Cash | 83.63M | 81.31M | 84.89M | 84.57M | 94.90M | 93.06M |
| Total Current Assets | 4.07B | 4.06B | 3.75B | 3.14B | 3.16B | 3.17B |
| Property, Plant & Equipment | 5.17B | 5.21B | 5.33B | 5.57B | 5.92B | 6.30B |
| Long-Term Investments | 509.34M | 209.81M | 400.41M | 673.54M | 415.19M | 300.60M |
| Goodwill | 7.55B | 7.55B | 7.38B | 7.11B | 7.08B | 7.05B |
| Other Intangible Assets | 221.07M | 222.12M | 197.43M | 203.22M | 182.69M | 177.69M |
| Long-Term Deferred Tax Assets | 69.74M | 46.25M | 34.44M | 27.71M | 22.91M | |
| Other Long-Term Assets | 297.86M | 165.19M | 185.42M | 157.01M | 148.13M | 101.56M |
| Total Assets | 17.82B | 17.48B | 17.29B | 16.89B | 16.93B | 17.12B |
| Accounts Payable | 662.20M | 696.15M | 547.20M | 514.53M | 479.78M | 402.05M |
| Accrued Expenses | 747.91M | 1.04B | 1.00B | 910.24M | 838.06M | 790.22M |
| Current Portion of Long-Term Debt | 112.49M | 74.58M | 270.87M | 123.30M | 231.40M | 179.03M |
| Current Portion of Leases | 438.13M | 460.11M | 410.41M | 394.40M | 395.40M | 394.36M |
| Current Income Taxes Payable | 23.14M | 24.36M | 10.30M | 28.51M | 18.04M | 53.79M |
| Other Current Liabilities | 902.89M | 842.23M | 731.56M | 671.24M | 657.06M | 579.09M |
| Total Current Liabilities | 2.89B | 3.14B | 2.97B | 2.64B | 2.62B | 2.40B |
| Long-Term Debt | 10.51B | 10.01B | 8.96B | 8.01B | 8.69B | 8.73B |
| Long-Term Leases | 2.34B | 2.33B | 2.43B | 2.59B | 2.50B | 2.67B |
| Long-Term Deferred Tax Liabilities | 861.69M | 756.87M | 665.36M | 726.22M | 782.79M | 830.95M |
| Other Long-Term Liabilities | 100.43M | 83.52M | 169.59M | 183.07M | 105.23M | 119.16M |
| Total Liabilities | 16.69B | 16.32B | 15.19B | 14.15B | 14.70B | 14.75B |
| Common Stock | 69.00K | 69.00K | 90.00K | 89.00K | 90.00K | 97.00K |
| Additional Paid-In Capital | 53.98M | 286.27M | 509.80M | 606.93M | 540.32M | |
| Retained Earnings | 301.56M | -328.43M | 1.53B | 598.29M | 174.49M | 354.34M |
| 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 | -651.08M | 121.12M | 1.06B | 712.33M | 755.51M |
| Minority Interest | 1.72B | 1.81B | 1.97B | 1.69B | 1.51B | 1.62B |
| Shareholders' Equity | 1.13B | 1.16B | 2.09B | 2.74B | 2.22B | 2.37B |
| Total Liabilities & Equity | 17.82B | 17.48B | 17.29B | 16.89B | 16.93B | 17.12B |
| Total Debt | 13.39B | 12.87B | 12.07B | 11.12B | 11.82B | 11.98B |
| 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 Outstanding | 62.90M | 66.80M | 80.00M | 87.70M | 90.40M | 96.30M |
| Total Common Shares Outstanding | 63.40M | 68.55M | 80.54M | 88.82M | 90.41M | 97.29M |
| Working Capital | 1.19B | 916.37M | 772.66M | 495.69M | 535.54M | 769.19M |
| Book Value Per Share | -9.32 | -9.50 | 1.50 | 11.89 | 7.88 | 7.77 |
| 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 |
| Land | 40.49M | 50.17M | 35.22M | 32.66M | 34.01M | |
| Buildings | 402.62M | 428.99M | 436.46M | 427.96M | 496.45M | |
| Machinery | 4.54B | 4.41B | 4.13B | 3.76B | 3.29B | |
| Construction In Progress | 122.36M | 133.31M | 177.15M | 376.63M | 592.06M | |
| Leasehold Improvements | 4.31B | 4.18B | 4.06B | 3.93B | 3.83B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 920.08M | 746.80M | 936.34M | 691.53M | 560.40M | 978.45M |
| Depreciation & Amortization | 697.53M | 715.35M | 723.86M | 745.44M | 732.60M | 680.62M |
| Loss (Gain) From Sale of Assets | -17.55M | -17.55M | 13.41M | -8.94M | ||
| Asset Writedown & Restructuring Costs | 62.18M | 26.08M | ||||
| Loss (Gain) From Sale of Investments | -109.47M | |||||
| Loss (Gain) on Equity Investments | 43.67M | 134.31M | 115.84M | 64.78M | 8.77M | 5.21M |
| Stock-Based Compensation | 121.77M | 139.95M | 102.79M | 112.38M | 95.43M | 102.21M |
| Other Operating Activities | 418.67M | 430.87M | 269.08M | 233.22M | 167.27M | 305.03M |
| Change in Accounts Receivable | -133.53M | -210.63M | -29.77M | 172.36M | -148.39M | -138.14M |
| Change in Inventory | -19.76M | -19.95M | 17.94M | -32.13M | -757.00K | 5.72M |
| Change in Accounts Payable | -17.38M | 128.30M | 1.70M | 26.89M | 87.48M | -30.32M |
| Change in Income Taxes | 81.33M | 50.24M | -44.21M | 1.57M | -24.10M | 36.92M |
| Change in Other Net Operating Assets | -286.55M | -211.21M | 24.52M | 25.85M | 85.87M | -14.82M |
| Operating Cash Flow | 1.87B | 1.89B | 2.02B | 2.06B | 1.56B | 1.93B |
| Capital Expenditures | -576.75M | -575.86M | -555.44M | -567.99M | -603.43M | -641.47M |
| Sale of Property, Plant & Equipment | 18.13M | 34.17M | 25.86M | 30.61M | 117.58M | 61.46M |
| Cash Acquisitions | -40.82M | -117.47M | -246.07M | -26.39M | -57.31M | -187.05M |
| Investment in Securities | -317.13M | 4.21M | 4.22M | -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 Issued | 5.61B | 6.62B | 2.47B | 2.39B | 1.62B | |
| Long-Term Debt Repaid | -4.79B | -5.52B | -3.02B | -2.40B | -861.12M | |
| Net Debt Issued (Repaid) | 522.31M | 823.43M | 1.11B | -552.62M | -11.28M | 754.25M |
| Issuance of Common Stock | 20.22M | 23.29M | 20.45M | 16.90M | 18.58M | |
| 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 | -855.00K | 21.15M | -18.48M | 8.91M | -29.07M | -10.01M |
| Net Cash Flow | -216.15M | -122.08M | 415.19M | 125.64M | -215.97M | 53.17M |
| Free Cash Flow | 1.29B | 1.31B | 1.47B | 1.49B | 961.14M | 1.29B |
| Free Cash Flow Margin | 9.13% | 9.61% | 11.44% | 12.28% | 8.28% | 11.10% |
| Free Cash Flow Per Share | 19.05 | 17.27 | 16.80 | 16.00 | 10.03 | 11.73 |
| Levered Free Cash Flow | 905.08M | 1.05B | 1.18B | 1.20B | 832.27M | 1.08B |
| Unlevered Free Cash Flow | 1.27B | 1.41B | 1.51B | 1.51B | 1.06B | 1.26B |
| Cash Interest Paid | 279.00M | |||||
| Cash Income Tax Paid | 176.69M | 176.69M | 387.94M | 268.09M | 344.43M | 209.75M |
| Change in Working Capital | -375.89M | -263.24M | -29.82M | 194.53M | 101.00K | -140.64M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 11.80B | 8.02B | 12.26B | 9.57B | 6.73B | 11.59B |
| Enterprise Value | 24.62B | 21.98B | 25.20B | 21.86B | 19.86B | 24.16B |
| Last Close Price | 187.50 | 113.61 | 149.55 | 104.76 | 74.67 | 113.76 |
| PE Ratio | 13.84 | 10.74 | 13.10 | 13.84 | 12.01 | 11.85 |
| Forward PE | 11.67 | 9.22 | 13.74 | 12.48 | 12.69 | 14.02 |
| PS Ratio | 0.83 | 0.59 | 0.96 | 0.79 | 0.58 | 1.00 |
| PB Ratio | 10.48 | 6.92 | 5.86 | 3.49 | 3.02 | 4.89 |
| P/FCF Ratio | 9.12 | 6.12 | 8.36 | 6.42 | 7.00 | 8.99 |
| P/OCF Ratio | 6.31 | 4.25 | 6.07 | 4.65 | 4.30 | 6.00 |
| PEG Ratio | 0.44 | 0.73 | 0.78 | 0.75 | 1.39 | 1.27 |
| EV/Sales Ratio | 1.74 | 1.61 | 1.97 | 1.80 | 1.71 | 2.08 |
| EV/EBITDA Ratio | 8.65 | 7.99 | 9.41 | 9.32 | 9.71 | 9.86 |
| EV/EBIT Ratio | 11.46 | 10.79 | 12.89 | 13.66 | 15.13 | 13.65 |
| EV/FCF Ratio | 19.03 | 16.77 | 17.18 | 14.66 | 20.67 | 18.74 |
| Debt / Equity Ratio | 11.90 | 11.11 | 5.77 | 4.05 | 5.31 | 5.05 |
| Debt / EBITDA Ratio | 3.76 | 3.73 | 3.58 | 3.66 | 4.34 | 3.83 |
| Debt / FCF Ratio | 10.35 | 9.82 | 8.23 | 7.46 | 12.30 | 9.29 |
| Net Debt / Equity Ratio | 11.39 | 10.51 | 5.37 | 3.91 | 5.17 | 4.85 |
| Net Debt / EBITDA Ratio | 4.51 | 4.42 | 4.19 | 4.57 | 5.62 | 4.69 |
| Net Debt / FCF Ratio | 9.91 | 9.29 | 7.65 | 7.19 | 11.97 | 8.91 |
| Asset Turnover | 0.80 | 0.79 | 0.75 | 0.72 | 0.68 | 0.68 |
| Inventory Turnover | 63.85 | 62.62 | 61.94 | 65.97 | 75.82 | 72.79 |
| Quick Ratio | 1.28 | 1.17 | 1.15 | 1.06 | 1.10 | 1.21 |
| Current Ratio | 1.41 | 1.29 | 1.26 | 1.19 | 1.20 | 1.32 |
| 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 Yield | 7.23% | 9.31% | 7.63% | 7.23% | 8.33% | 8.44% |
| FCF Yield | 10.97% | 16.34% | 11.96% | 15.58% | 14.29% | 11.12% |
| Buyback Yield / Dilution | 14.08% | 13.05% | 6.34% | 2.77% | 12.84% | 10.34% |