15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 3.4% per year over the past 5 years.
Net income has grown faster than revenue (6.9% vs 3.4% per year).
Operating margin has been roughly flat, at 15.0% in the latest year.
Free cash flow has grown 0.1% per year over the past 5 years.
Financial health
Total debt has grown faster than revenue (23.6% vs 3.4% per year).
Operating income covered interest expense 3.5× in the latest year, down from 5.6× 5 years ago.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$13.6B
$1.1B
0.0%
15.0%
-165.7%
6.2%
$1.3B
—
$676M
2024
$12.8B
$1.3B
0.0%
16.3%
1032.6%
7.2%
$1.5B
—
$795M
2023
$12.1B
$957M
0.0%
13.2%
90.6%
5.7%
$1.5B
—
$380M
2022
$11.6B
$782M
0.0%
11.5%
109.7%
4.6%
$961M
—
$244M
2021
$11.6B
$1.2B
0.0%
15.5%
160.4%
7.1%
$1.3B
—
$462M
2020
$11.6B
$774M
0.0%
14.7%
55.9%
4.6%
$1.3B
—
$325M
2019
$11.4B
$811M
0.0%
14.4%
38.0%
4.7%
$1.3B
—
$1.1B
2018
$11.4B
$159M
0.0%
13.4%
4.3%
0.8%
$785M
—
$323M
2017
$10.9B
$664M
0.0%
16.7%
14.1%
3.5%
$1.0B
—
$508M
2016
$10.7B
$880M
0.0%
19.0%
18.9%
4.7%
$1.1B
—
$675M
2015
—
$270M
—
—
5.5%
1.5%
$849M
—
$1.2B
2014
—
$723M
—
—
14.0%
4.1%
$818M
$8.5B
$737M
2013
—
$633M
—
—
14.3%
3.7%
$1.2B
$8.4B
$946M
2012
—
$536M
—
—
14.2%
3.3%
$551M
$8.6B
$534M
2011
—
$478M
—
—
22.3%
5.4%
$780M
$4.5B
$394M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$3.6B
$223M
0.0%
14.0%
-37.7%
1.3%
$359M
—
$496M
Jun '26
$3.6B
$265M
0.0%
16.3%
-34.7%
1.5%
$320M
—
$669M
Mar '26
$3.4B
$198M
0.0%
14.1%
-26.1%
1.1%
$219M
—
$644M
Dec '25
$3.6B
$234M
0.0%
15.5%
-36.0%
1.3%
$395M
—
$676M
Sep '25
$3.4B
$150M
0.0%
14.8%
-26.3%
0.9%
$675M
—
$706M
Jun '25
$3.4B
$199M
0.0%
15.9%
-53.9%
1.1%
$203M
—
$708M
Mar '25
$3.2B
$163M
0.0%
13.6%
-61.0%
1.0%
$37M
—
$439M
Dec '24
$3.3B
$259M
0.0%
17.2%
214.1%
1.5%
$377M
—
$795M
Sep '24
$3.3B
$215M
0.0%
16.4%
55.5%
1.2%
$671M
—
$1.1B
Jun '24
$3.2B
$223M
0.0%
15.9%
35.2%
1.3%
$674M
—
$416M
Mar '24
$3.1B
$240M
0.0%
15.8%
25.9%
1.4%
-$256M
—
$345M
Dec '23
$3.1B
$151M
0.0%
12.4%
14.3%
0.9%
$326M
—
$380M
Sep '23
$3.1B
$247M
0.0%
15.9%
20.6%
1.5%
$524M
—
$449M
Jun '23
$3.0B
$179M
0.0%
13.5%
17.6%
1.1%
$326M
—
$327M
Mar '23
$2.9B
$116M
0.0%
10.8%
14.0%
0.7%
$315M
—
$317M
Dec '22
$2.9B
$68M
0.0%
8.8%
9.6%
0.4%
$150M
—
$244M
Sep '22
$2.9B
$105M
0.0%
10.6%
19.8%
0.6%
$567M
—
$368M
Jun '22
$2.9B
$225M
0.0%
14.8%
37.2%
1.3%
$46M
—
$263M
Mar '22
$2.8B
$162M
0.0%
12.0%
19.2%
0.9%
$199M
—
$328M
Dec '21
$2.9B
$187M
0.0%
13.2%
24.8%
1.1%
$340M
—
$462M
Valuation over time
How the market has priced DVA against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 6.6× (Mar '23) to 10.8× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.9× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DVA growing its revenue and profit?
Over the past 5 years, DaVita's revenue has grown 3.4% per year, and net income grown 6.9% per year. These are computed facts, not advice.
How much debt does DVA have?
As of FY2025, DaVita reported — of total debt against $676M of cash; operating income covered interest expense 3.5×.
What is DVA's profit margin?
In FY2025, gross margin was —, operating margin 15.0%, and net margin 7.9%.
What is DVA's P/E ratio?
DaVita's P/E (TTM) is 12.70 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DVA stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 10.8× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.