What is Davita Inc's earnings per share (EPS)?

Davita Inc (DVA) reported diluted earnings per share of $9.84 for fiscal year 2025. This represents a -8.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Davita Inc Financials

DVA

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Davita Inc (DVA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 42/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Davita Inc has an operating margin of 15.0%, meaning the company retains $15 of operating profit per $100 of revenue. This results in a moderate score of 56/100, indicating healthy but not exceptional operating efficiency. This is down from 16.3% the prior year.

Growth

Davita Inc's revenue grew 6.5% year-over-year to $13.6B, a solid pace of expansion. This earns a growth score of 44/100.

Liquidity

Davita Inc's current ratio of 1.29 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 21/100, which could limit financial flexibility.

Cash Flow

Davita Inc has a free cash flow margin of 9.6%, earning a moderate score of 49/100. The company generates positive cash flow after capital investments, but with room for improvement.

Altman Z-Score Distress

1.56

Davita Inc scores 1.56, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

Davita Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

2.53x

For every $1 of reported earnings, Davita Inc generates $2.53 in operating cash flow ($1.9B OCF vs $746.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

3.8x

Davita Inc earns $3.8 in operating income for every $1 of interest expense ($2.0B vs $539.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$13.6B

YoY+6.5%

5Y CAGR+3.4%

Davita Inc generated $13.6B in revenue in fiscal year 2025. This represents an increase of 6.5% from the prior year.

EBITDA

$2.8B

YoY-2.0%

5Y CAGR+3.6%

10Y CAGR+5.7%

Davita Inc's EBITDA was $2.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.0% from the prior year.

Net Income

$746.8M

YoY-20.2%

5Y CAGR-0.7%

10Y CAGR+10.7%

Davita Inc reported $746.8M in net income in fiscal year 2025. This represents a decrease of 20.2% from the prior year.

EPS (Diluted)

$9.84

YoY-8.3%

5Y CAGR+9.3%

10Y CAGR+22.9%

Davita Inc earned $9.84 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 8.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.3B

YoY-10.6%

5Y CAGR+0.1%

10Y CAGR+4.4%

Davita Inc generated $1.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.6% from the prior year.

Cash & Debt

$676.4M

YoY-14.9%

5Y CAGR+15.8%

10Y CAGR-5.9%

Davita Inc held $676.4M in cash against $10.2B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

67M

YoY-16.5%

5Y CAGR-9.4%

10Y CAGR-10.7%

Davita Inc had 67M shares outstanding in fiscal year 2025. This represents a decrease of 16.5% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

15.0%

YoY-1.3pp

5Y CAGR+0.3pp

Davita Inc's operating margin was 15.0% in fiscal year 2025, reflecting core business profitability. This is down 1.3 percentage points from the prior year.

Net Margin

5.5%

YoY-1.8pp

5Y CAGR-1.2pp

Davita Inc's net profit margin was 5.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.3B

YoY-5.6%

5Y CAGR-2.1%

10Y CAGR+9.1%

Davita Inc spent $1.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 5.6% from the prior year.

Capital Expenditures

$575.9M

YoY+3.7%

5Y CAGR-3.1%

10Y CAGR-2.0%

Davita Inc invested $575.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.7% from the prior year.

DVA Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$13.6B+6.5%	$12.8B+5.6%	$12.1B+4.6%	$11.6B-0.1%	$11.6B+0.6%	$11.6B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.7B+8.8%	$1.5B+4.4%	$1.5B+8.8%	$1.4B+13.4%	$1.2B-4.2%	$1.2B
Operating Income	$2.0B-2.2%	$2.1B+30.4%	$1.6B+19.7%	$1.3B-25.5%	$1.8B+6.1%	$1.7B
Interest Expense	$539.9M+24.1%	$435.2M+16.4%	$374.0M+10.2%	$339.2M+27.0%	$267.0M-5.6%	$282.9M
Income Tax	$293.1M+4.8%	$279.7M+27.0%	$220.1M+11.1%	$198.1M-35.4%	$306.7M-2.3%	$313.9M
Net Income	$746.8M-20.2%	$936.3M+35.4%	$691.5M+23.4%	$560.4M-42.7%	$978.5M+26.5%	$773.6M
EPS (Diluted)	$9.84-8.3%	$10.73+44.6%	$7.42+26.8%	$5.85-34.3%	$8.90+41.0%	$6.31

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$3.6B+5.8%	$3.4B+1.2%	$3.4B+4.8%	$3.2B-2.2%	$3.3B+1.0%	$3.3B+2.4%	$3.2B+3.8%	$3.1B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$472.4M+14.0%	$414.4M+0.4%	$412.8M+10.3%	$374.1M-9.7%	$414.5M+5.3%	$393.5M+7.0%	$367.8M+1.5%	$362.5M
Operating Income	$561.1M+10.9%	$505.8M-6.0%	$537.8M+22.5%	$438.9M-22.4%	$565.4M+5.7%	$534.9M+5.6%	$506.4M+4.7%	$483.8M
Interest Expense	$108.3M-28.1%	$150.6M+3.1%	$146.1M+8.2%	$135.1M+30.5%	$103.5M-23.1%	$134.6M+37.7%	$97.7M-1.7%	$99.4M
Income Tax	$76.7M+11.9%	$68.6M-26.8%	$93.7M+73.2%	$54.1M-16.1%	$64.5M-17.0%	$77.7M+8.4%	$71.7M+8.9%	$65.8M
Net Income	$234.2M+55.8%	$150.3M-24.6%	$199.3M+22.4%	$162.9M-37.2%	$259.3M+20.8%	$214.7M-3.6%	$222.7M-7.1%	$239.6M
EPS (Diluted)	N/A	$2.04-20.9%	$2.58+29.0%	$2.00	N/A	$2.500.0%	$2.50-5.7%	$2.65

DVA Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$17.5B+1.1%	$17.3B+2.3%	$16.9B-0.2%	$16.9B-1.1%	$17.1B+0.8%	$17.0B
Current Assets	$4.1B+8.3%	$3.7B+19.4%	$3.1B-0.6%	$3.2B-0.4%	$3.2B+0.6%	$3.1B
Cash & Equivalents	$676.4M-14.9%	$794.9M+109.2%	$380.1M+55.7%	$244.1M-47.2%	$461.9M+42.1%	$325.0M
Inventory	$160.6M+19.4%	$134.6M-6.0%	$143.1M+31.1%	$109.1M+1.6%	$107.4M-3.8%	$111.6M
Accounts Receivable	$2.4B+12.5%	$2.1B+8.1%	$2.0B-6.8%	$2.1B+8.9%	$2.0B+7.3%	$1.8B
Goodwill	$7.5B+2.3%	$7.4B+3.7%	$7.1B+0.5%	$7.1B+0.4%	$7.0B+1.8%	$6.9B
Total Liabilities	$16.3B+7.4%	$15.2B+7.4%	$14.2B-3.8%	$14.7B-0.3%	$14.8B+4.7%	$14.1B
Current Liabilities	$3.1B+5.7%	$3.0B+12.5%	$2.6B+0.9%	$2.6B+9.2%	$2.4B-3.1%	$2.5B
Long-Term Debt	$10.2B+10.8%	$9.2B+11.0%	$8.3B-4.9%	$8.7B-0.4%	$8.7B+10.3%	$7.9B
Total Equity	-$651.1M-637.5%	$121.1M-88.5%	$1.1B+48.3%	$712.3M-5.7%	$755.5M-45.4%	$1.4B
Retained Earnings	-$328.4M-121.4%	$1.5B+156.5%	$598.3M+242.9%	$174.5M-50.8%	$354.3M-58.4%	$852.5M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$17.5B-0.4%	$17.6B+0.4%	$17.5B+2.2%	$17.1B-1.0%	$17.3B-1.2%	$17.5B+2.8%	$17.0B-2.3%	$17.4B
Current Assets	$4.1B-1.3%	$4.1B+0.6%	$4.1B+12.4%	$3.6B-2.9%	$3.7B-7.2%	$4.0B+16.4%	$3.5B-5.9%	$3.7B
Cash & Equivalents	$676.4M-4.2%	$706.0M-0.3%	$708.4M+61.5%	$438.8M-44.8%	$794.9M-25.8%	$1.1B+157.1%	$416.5M+20.7%	$345.1M
Inventory	$160.6M+15.5%	$139.1M-4.9%	$146.3M-2.8%	$150.5M+11.9%	$134.6M+4.3%	$129.0M+1.8%	$126.8M-13.1%	$145.8M
Accounts Receivable	$2.4B+3.5%	$2.3B-4.4%	$2.4B+5.1%	$2.3B+8.1%	$2.1B-5.3%	$2.3B-1.6%	$2.3B-11.2%	$2.6B
Goodwill	$7.5B0.0%	$7.5B+1.0%	$7.5B+0.7%	$7.4B+0.5%	$7.4B+2.0%	$7.2B+0.4%	$7.2B-0.4%	$7.2B
Total Liabilities	$16.3B+0.7%	$16.2B+1.7%	$15.9B+3.1%	$15.5B+1.7%	$15.2B-0.6%	$15.3B+4.7%	$14.6B-1.3%	$14.8B
Current Liabilities	$3.1B+4.1%	$3.0B+2.8%	$2.9B+0.9%	$2.9B-2.2%	$3.0B+1.0%	$2.9B-1.7%	$3.0B+15.9%	$2.6B
Long-Term Debt	$10.2B-0.2%	$10.2B+1.0%	$10.1B+5.4%	$9.6B+4.2%	$9.2B-0.9%	$9.3B+9.6%	$8.5B-6.1%	$9.0B
Total Equity	-$651.1M-13.9%	-$571.9M-54.7%	-$369.6M-38.4%	-$267.1M-320.5%	$121.1M-68.7%	$386.7M-38.9%	$632.9M-31.7%	$926.0M
Retained Earnings	-$328.4M-116.0%	$2.0B+7.9%	$1.9B+11.7%	$1.7B+10.6%	$1.5B+20.3%	$1.3B+20.2%	$1.1B+26.6%	$837.9M

DVA Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.9B-6.7%	$2.0B-1.8%	$2.1B+31.6%	$1.6B-19.0%	$1.9B-2.4%	$2.0B
Capital Expenditures	$575.9M+3.7%	$555.4M-2.2%	$568.0M-5.9%	$603.4M-5.9%	$641.5M-4.9%	$674.5M
Free Cash Flow	$1.3B-10.6%	$1.5B-1.6%	$1.5B+55.1%	$961.1M-25.5%	$1.3B-1.2%	$1.3B
Investing Cash Flow	-$654.9M+15.1%	-$771.4M0.0%	-$771.8M-22.4%	-$630.3M+19.7%	-$784.7M+4.9%	-$825.4M
Financing Cash Flow	-$1.4B-68.3%	-$816.9M+30.2%	-$1.2B-4.4%	-$1.1B-3.5%	-$1.1B+41.4%	-$1.8B
Dividends Paid	$0	$0	$0	$0	$0	$0
Share Buybacks	$1.3B-5.6%	$1.4B+409.1%	$272.2M-66.1%	$802.2M-47.9%	$1.5B+5.5%	$1.5B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$540.7M-35.7%	$841.5M+159.5%	$324.2M+80.1%	$180.0M-67.1%	$547.6M-32.4%	$810.4M+1.4%	$798.8M+692.5%	-$134.8M
Capital Expenditures	$145.4M-12.4%	$166.1M+37.2%	$121.1M-15.5%	$143.3M-16.1%	$170.7M+22.7%	$139.0M+11.5%	$124.7M+3.1%	$121.0M
Free Cash Flow	$395.3M-41.5%	$675.4M+232.5%	$203.1M+452.8%	$36.8M-90.3%	$377.0M-43.8%	$671.4M-0.4%	$674.1M+363.5%	-$255.9M
Investing Cash Flow	-$163.1M+37.9%	-$262.5M-290.9%	-$67.2M+58.6%	-$162.1M+34.6%	-$248.0M-69.3%	-$146.5M+9.4%	-$161.8M+24.8%	-$215.2M
Financing Cash Flow	-$414.5M+28.8%	-$582.2M-13194.1%	$4.4M+101.2%	-$382.5M+32.3%	-$565.1M-7091.4%	-$7.9M+98.6%	-$563.3M-276.4%	$319.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$274.5M+14.3%	$240.1M-15.4%	$283.7M-44.4%	$510.2M+39.6%	$365.4M-10.4%	$407.9M+12.8%	$361.7M+44.1%	$251.0M

DVA Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	15.0%-1.3pp	16.3%+3.1pp	13.2%+1.7pp	11.5%-3.9pp	15.5%+0.8pp	14.7%
Net Margin	5.5%-1.8pp	7.3%+1.6pp	5.7%+0.9pp	4.8%-3.6pp	8.4%+1.7pp	6.7%
Return on Equity	N/A	773.1%+707.6pp	65.5%-13.2pp	78.7%-50.8pp	129.5%+73.6pp	55.9%
Return on Assets	4.3%-1.1pp	5.4%+1.3pp	4.1%+0.8pp	3.3%-2.4pp	5.7%+1.2pp	4.5%
Current Ratio	1.29+0.0	1.26+0.1	1.19-0.0	1.20-0.1	1.32+0.0	1.27
Debt-to-Equity	-15.61-91.4	75.76+67.9	7.83-4.4	12.20+0.6	11.55+5.8	5.72
FCF Margin	9.6%-1.8pp	11.4%-0.8pp	12.3%+4.0pp	8.3%-2.8pp	11.1%-0.2pp	11.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	15.5%+0.7pp	14.8%-1.1pp	15.9%+2.3pp	13.6%-3.5pp	17.2%+0.8pp	16.4%+0.5pp	15.9%+0.1pp	15.8%
Net Margin	6.5%+2.1pp	4.4%-1.5pp	5.9%+0.8pp	5.1%-2.8pp	7.9%+1.3pp	6.6%-0.4pp	7.0%-0.8pp	7.8%
Return on Equity	N/A	N/A	N/A	N/A	214.1%+158.6pp	55.5%+20.3pp	35.2%+9.3pp	25.9%
Return on Assets	1.3%+0.5pp	0.9%-0.3pp	1.1%+0.2pp	0.9%-0.5pp	1.5%+0.3pp	1.2%-0.1pp	1.3%-0.1pp	1.4%
Current Ratio	1.29-0.1	1.36-0.0	1.39+0.1	1.250.0	1.26-0.1	1.37+0.2	1.16-0.3	1.43
Debt-to-Equity	-15.61+2.2	-17.81+9.5	-27.27+8.5	-35.79-111.5	75.76+51.8	23.95+10.6	13.35+3.6	9.72
FCF Margin	10.9%-8.8pp	19.8%+13.7pp	6.0%+4.9pp	1.1%-10.3pp	11.4%-9.1pp	20.6%-0.6pp	21.1%+29.5pp	-8.3%

Note: Shareholder equity is negative (-$651.1M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Davita Inc's annual revenue?

Davita Inc (DVA) reported $13.6B in total revenue for fiscal year 2025. This represents a 6.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Davita Inc's revenue growing?

Davita Inc (DVA) revenue grew by 6.5% year-over-year, from $12.8B to $13.6B in fiscal year 2025.

Is Davita Inc profitable?

Yes, Davita Inc (DVA) reported a net income of $746.8M in fiscal year 2025, with a net profit margin of 5.5%.

What is Davita Inc's EBITDA?

Davita Inc (DVA) had EBITDA of $2.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Davita Inc have?

As of fiscal year 2025, Davita Inc (DVA) had $676.4M in cash and equivalents against $10.2B in long-term debt.

What is Davita Inc's operating margin?

Davita Inc (DVA) had an operating margin of 15.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Davita Inc's net profit margin?

Davita Inc (DVA) had a net profit margin of 5.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Davita Inc's free cash flow?

Davita Inc (DVA) generated $1.3B in free cash flow during fiscal year 2025. This represents a -10.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Davita Inc's operating cash flow?

Davita Inc (DVA) generated $1.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Davita Inc's total assets?

Davita Inc (DVA) had $17.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Davita Inc's capital expenditures?

Davita Inc (DVA) invested $575.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Davita Inc buy back shares?

Yes, Davita Inc (DVA) spent $1.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Davita Inc have outstanding?

Davita Inc (DVA) had 67M shares outstanding as of fiscal year 2025.

What is Davita Inc's current ratio?

Davita Inc (DVA) had a current ratio of 1.29 as of fiscal year 2025, which is considered adequate.

What is Davita Inc's debt-to-equity ratio?

Davita Inc (DVA) had a debt-to-equity ratio of -15.61 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Davita Inc's return on assets (ROA)?

Davita Inc (DVA) had a return on assets of 4.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Davita Inc's debt-to-equity ratio negative or unusual?

Davita Inc (DVA) has negative shareholder equity of -$651.1M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Davita Inc's Altman Z-Score?

Davita Inc (DVA) has an Altman Z-Score of 1.56, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Davita Inc's Piotroski F-Score?

Davita Inc (DVA) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Davita Inc's earnings high quality?

Davita Inc (DVA) has an earnings quality ratio of 2.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Davita Inc cover its interest payments?

Davita Inc (DVA) has an interest coverage ratio of 3.8x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Davita Inc?

Davita Inc (DVA) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.