HCA vs. SOLV: HCA Healthcare vs. Solventum Stock Comparison

November 11, 2026

How do HCA Healthcare (HCA) and Solventum (SOLV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

HCA Healthcare (HCA) and Solventum (SOLV) both fall under the Health Care Equipment & Services industry group, but HCA is classified in Health Care Providers & Services while SOLV is classified in Health Care Equipment & Supplies.

HCA Healthcare (HCA) has been public since March 10, 2011, giving it a longer listed trading history, while Solventum (SOLV) listed on March 26, 2024 and still has a shorter public-market record.

Company profile comparison for HCA Healthcare (HCA) and Solventum (SOLV)
Profile Item	HCA	SOLV
Name	HCA Healthcare, Inc.	Solventum Corporation
Country/Region	United States	United States
GICS Sector	Health Care	Health Care
GICS Industry Group	Health Care Equipment & Services	Health Care Equipment & Services
GICS Industry	Health Care Providers & Services	Health Care Equipment & Supplies
GICS Sub-Industry	Health Care Facilities	Health Care Supplies
Market Capitalization	103.40 billion USD	15.36 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 10, 2011	March 26, 2024
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HCA

SOLV

GSPC

HCA Healthcare (HCA) vs. Solventum (SOLV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for HCA Healthcare (HCA) and Solventum (SOLV). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for HCA Healthcare (HCA) and Solventum (SOLV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
Total Return (1Y)	6.56%	25.89%
Total Return (3Y, Annualized)	31.39%	--
Total Return (5Y, Annualized)	16.40%	--

Risk Profile

Drawdown History

HCA

SOLV

GSPC

HCA Healthcare (HCA) vs. Solventum (SOLV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for HCA Healthcare (HCA) and Solventum (SOLV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
Volatility (1Y, Annualized)	32.89%	30.06%
Beta (5Y)	1.07	0.62
Max Drawdown (5Y)	-39.49%	-39.98%
Avg. Volume (3M)	1.35M	1.05M

Risk-Adjusted Performance

Risk-Return Positioning

HCA and SOLV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
Sharpe Ratio (1Y)	0.07	0.72
Sortino Ratio (1Y)	0.11	1.08

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Solventum (SOLV) earns 3.19% on shareholders’ equity, ranked against its industry; HCA Healthcare (HCA) has no ROE this period.

HCA

Health Care Equipment & Services industry group

Max: 47.61%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%
HCA: --

SOLV

Health Care Equipment & Services industry group

3.19%

Max: 47.61%
Q3: 14.36%
Median: 5.45%
SOLV: 3.19%
Q1: -10.67%
Min: -47.01%

HCA Healthcare (HCA) vs. Solventum (SOLV): HCA does not report ROE, so it has no value marker; SOLV is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Both HCA Healthcare (HCA) at 8.61% and Solventum (SOLV) at 1.91% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

HCA

Health Care Equipment & Services industry group

8.61%

Max: 29.35%
Q3: 9.33%
HCA: 8.61%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

SOLV

Health Care Equipment & Services industry group

1.91%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
SOLV: 1.91%
Q1: -6.29%
Min: -28.46%

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

HCA Healthcare (HCA) at 14.83% operates in the top operating margin quartile, ahead of Solventum (SOLV) at 6.82%, which runs around its industry’s norm.

HCA

Health Care Equipment & Services industry group

14.83%

Max: 35.43%
HCA: 14.83%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

SOLV

Health Care Equipment & Services industry group

6.82%

Max: 35.43%
Q3: 14.14%
SOLV: 6.82%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
ROE (TTM)	--	3.19%
ROA (TTM)	12.23%	2.29%
Net Margin (TTM)	8.61%	1.91%
Operating Margin (TTM)	14.83%	6.82%
Gross Margin (TTM)	42.76%	55.13%

Growth

Revenue Growth

HCA Healthcare (HCA) at 7.08% is around its peer norm for revenue growth, while Solventum (SOLV) at 0.86% drops into the bottom quartile, signaling weaker demand or pricing momentum.

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Solventum (SOLV) at 221.74% is the standout with EPS growth above its industry range; HCA Healthcare (HCA) at 28.77% also sits in the top quartile.

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
Revenue Growth (YoY)	7.08%	0.86%
Revenue Growth (3Y CAGR)	7.87%	0.79%
EPS Growth (YoY)	28.77%	221.74%
EPS Growth (3Y CAGR)	13.94%	4.51%

Financial Strength

Current Ratio (MRQ)

Both HCA Healthcare (HCA) at 0.82 and Solventum (SOLV) at 1.03 run current ratio in the tighter-liquidity quartile of industry peers, leaving thinner cushions against current liabilities than typical competitors.

HCA

Health Care Equipment & Services industry group

0.82

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
HCA: 0.82
Min: 0.30

SOLV

Health Care Equipment & Services industry group

1.03

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
SOLV: 1.03
Min: 0.30

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Solventum (SOLV) carries debt-to-equity ratio of 1.10 against its industry range, while HCA Healthcare (HCA) reports no figure this period.

HCA

Health Care Equipment & Services industry group

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00
HCA: --

SOLV

Health Care Equipment & Services industry group

1.10

Max: 1.88
SOLV: 1.10
Q3: 0.91
Median: 0.58
Q1: 0.16
Min: 0.00

HCA Healthcare (HCA) vs. Solventum (SOLV): HCA does not report debt-to-equity ratio, so it has no value marker; SOLV is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
Current Ratio (MRQ)	0.82	1.03
Debt / Equity (MRQ)	--	1.10
Net Debt / EBITDA	3.26	4.66

Dividends

Dividend Yield (TTM)

Solventum (SOLV) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile HCA Healthcare (HCA) reports a yield of 0.60%, ranking against industry peers normally.

HCA

Health Care Equipment & Services industry group

0.60%

HCA: 0.60%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Solventum (SOLV) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile HCA Healthcare (HCA) reports a payout of 10.15%, ranking against industry peers normally.

HCA

Health Care Equipment & Services industry group

10.15%

HCA: 10.15%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

SOLV

Health Care Equipment & Services industry group

0.00%

SOLV: 0.00%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
Dividend Yield (TTM)	0.60%	0.00%
Dividend Payout Ratio (TTM)	10.15%	0.00%

Valuation

P/E Ratio (TTM)

HCA Healthcare (HCA) at 16.42 sits in the cheaper P/E ratio quartile, while Solventum (SOLV) at 101.55 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

HCA

Health Care Equipment & Services industry group

16.42

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
HCA: 16.42
Min: 4.21

SOLV

Health Care Equipment & Services industry group

101.55

SOLV: 101.55
Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both HCA Healthcare (HCA) at 1.31 and Solventum (SOLV) at 1.88 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

HCA

Health Care Equipment & Services industry group

1.31

Max: 8.80
Q3: 4.32
Median: 2.13
HCA: 1.31
Q1: 1.10
Min: 0.03

SOLV

Health Care Equipment & Services industry group

1.88

Max: 8.80
Q3: 4.32
Median: 2.13
SOLV: 1.88
Q1: 1.10
Min: 0.03

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

HCA Healthcare (HCA) reports a negative P/B ratio of -12.92, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Solventum (SOLV) reports 3.20, ranking against industry peers normally.

HCA

Health Care Equipment & Services industry group

-12.92

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31
HCA: -12.92

SOLV

Health Care Equipment & Services industry group

3.20

Max: 11.68
Q3: 6.12
SOLV: 3.20
Median: 3.00
Q1: 1.73
Min: -1.31

HCA Healthcare (HCA) vs. Solventum (SOLV): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for HCA Healthcare (HCA) and Solventum (SOLV)
Metric	HCA	SOLV
P/E Ratio (TTM)	16.42	101.55
P/S Ratio (TTM)	1.31	1.88
P/B Ratio (MRQ)	-12.92	3.20
Free Cash Flow Yield (TTM)	3.81%	1.31%