HCA vs. VEEV: HCA Healthcare vs. Veeva Systems Stock Comparison

November 11, 2026

How do HCA Healthcare (HCA) and Veeva Systems (VEEV) 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 Veeva Systems (VEEV) both fall under the Health Care Equipment & Services industry group, but HCA is classified in Health Care Providers & Services while VEEV is classified in Health Care Technology.

Company profile comparison for HCA Healthcare (HCA) and Veeva Systems (VEEV)
Profile Item	HCA	VEEV
Name	HCA Healthcare, Inc.	Veeva Systems Inc.
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 Technology
GICS Sub-Industry	Health Care Facilities	Health Care Technology
Market Capitalization	103.40 billion USD	49.18 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 10, 2011	October 16, 2013
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

HCA

VEEV

GSPC

HCA Healthcare (HCA) vs. Veeva Systems (VEEV), 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 Veeva Systems (VEEV). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for HCA Healthcare (HCA) and Veeva Systems (VEEV)
Metric	HCA	VEEV
Total Return (1Y)	6.56%	3.92%
Total Return (3Y, Annualized)	31.39%	22.52%
Total Return (5Y, Annualized)	16.40%	-0.87%

Risk Profile

Drawdown History

HCA

VEEV

GSPC

HCA Healthcare (HCA) vs. Veeva Systems (VEEV), 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 Veeva Systems (VEEV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for HCA Healthcare (HCA) and Veeva Systems (VEEV)
Metric	HCA	VEEV
Volatility (1Y, Annualized)	32.89%	43.36%
Beta (5Y)	1.07	0.88
Max Drawdown (5Y)	-39.49%	-52.79%
Avg. Volume (3M)	1.35M	1.64M

Risk-Adjusted Performance

Risk-Return Positioning

HCA and VEEV 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 Veeva Systems (VEEV)
Metric	HCA	VEEV
Sharpe Ratio (1Y)	0.07	-0.01
Sortino Ratio (1Y)	0.11	-0.01

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Veeva Systems (VEEV) earns 14.43% 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: --

VEEV

Health Care Equipment & Services industry group

14.43%

Max: 47.61%
VEEV: 14.43%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

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

Net Margin (TTM)

Veeva Systems (VEEV) at 29.35% retains a top-quartile share of revenue as profit, ahead of HCA Healthcare (HCA) at 8.61%, which keeps about the industry-typical share.

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%

VEEV

Health Care Equipment & Services industry group

29.35%

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

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

Operating Margin (TTM)

Both HCA Healthcare (HCA) at 14.83% and Veeva Systems (VEEV) at 29.64% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

VEEV

Health Care Equipment & Services industry group

29.64%

Max: 35.43%
VEEV: 29.64%
Q3: 14.14%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for HCA Healthcare (HCA) and Veeva Systems (VEEV)
Metric	HCA	VEEV
ROE (TTM)	--	14.43%
ROA (TTM)	12.23%	7.58%
Net Margin (TTM)	8.61%	29.35%
Operating Margin (TTM)	14.83%	29.64%
Gross Margin (TTM)	42.76%	74.96%

Growth

Revenue Growth

Both HCA Healthcare (HCA) at 7.08% and Veeva Systems (VEEV) at 16.34% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

HCA Healthcare (HCA) vs. Veeva Systems (VEEV): A comparison of their Revenue Growth across different time periods.

EPS Growth

HCA Healthcare (HCA) at 28.77% sits in the top EPS growth quartile, while Veeva Systems (VEEV) at 25.93% is closer to the peer norm — faster per-share earnings growth for HCA.

HCA Healthcare (HCA) vs. Veeva Systems (VEEV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for HCA Healthcare (HCA) and Veeva Systems (VEEV)
Metric	HCA	VEEV
Revenue Growth (YoY)	7.08%	16.34%
Revenue Growth (3Y CAGR)	7.87%	14.03%
EPS Growth (YoY)	28.77%	25.93%
EPS Growth (3Y CAGR)	13.94%	21.94%

Financial Strength

Current Ratio (MRQ)

Veeva Systems (VEEV) at 5.46 carries current ratio above its industry’s typical mid-range, while HCA Healthcare (HCA) at 0.82 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

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

VEEV

Health Care Equipment & Services industry group

5.46

Max: 7.59
VEEV: 5.46
Q3: 4.00
Median: 1.98
Q1: 1.37
Min: 0.30

HCA Healthcare (HCA) vs. Veeva Systems (VEEV): 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: Veeva Systems (VEEV) carries debt-to-equity ratio of 0.02 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: --

VEEV

Health Care Equipment & Services industry group

0.02

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
VEEV: 0.02
Min: 0.00

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

Financial Strength Metrics

Financial strength metrics for HCA Healthcare (HCA) and Veeva Systems (VEEV)
Metric	HCA	VEEV
Current Ratio (MRQ)	0.82	5.46
Debt / Equity (MRQ)	--	0.02
Net Debt / EBITDA	3.26	-6.59

Dividends

Dividend Yield (TTM)

Veeva Systems (VEEV) 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%

VEEV

Health Care Equipment & Services industry group

0.00%

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

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

Dividend Payout Ratio (TTM)

Veeva Systems (VEEV) 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%

VEEV

Health Care Equipment & Services industry group

0.00%

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

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

Dividend Metrics

Dividend metrics for HCA Healthcare (HCA) and Veeva Systems (VEEV)
Metric	HCA	VEEV
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 Veeva Systems (VEEV) at 49.79 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

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

VEEV

Health Care Equipment & Services industry group

49.79

Max: 80.41
VEEV: 49.79
Q3: 47.62
Median: 29.93
Q1: 21.19
Min: 4.21

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

P/S Ratio (TTM)

HCA Healthcare (HCA) at 1.31 prices around its industry’s typical P/S ratio, while Veeva Systems (VEEV) at 14.22 clears its benchmark range — VEEV looks notably rich on sales.

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

VEEV

Health Care Equipment & Services industry group

14.22

VEEV: 14.22
Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
Min: 0.03

HCA Healthcare (HCA) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV) reports 6.61, 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

VEEV

Health Care Equipment & Services industry group

6.61

Max: 11.68
VEEV: 6.61
Q3: 6.12
Median: 3.00
Q1: 1.73
Min: -1.31

HCA Healthcare (HCA) vs. Veeva Systems (VEEV): 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 Veeva Systems (VEEV)
Metric	HCA	VEEV
P/E Ratio (TTM)	16.42	49.79
P/S Ratio (TTM)	1.31	14.22
P/B Ratio (MRQ)	-12.92	6.61
Free Cash Flow Yield (TTM)	3.81%	2.56%