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
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
FCF
Total debt
Cash
2025
$13.6B
$1.1B
0.0%
15.0%
$1.3B
—
$676M
2024
$12.8B
$1.3B
0.0%
16.3%
$1.5B
—
$795M
2023
$12.1B
$957M
0.0%
13.2%
$1.5B
—
$380M
2022
$11.6B
$782M
0.0%
11.5%
$961M
—
$244M
2021
$11.6B
$1.2B
0.0%
15.5%
$1.3B
—
$462M
2020
$11.6B
$774M
0.0%
14.7%
$1.3B
—
$325M
2019
$11.4B
$811M
0.0%
14.4%
$1.3B
—
$1.1B
2018
$11.4B
$159M
0.0%
13.4%
$785M
—
$323M
2017
$10.9B
$664M
0.0%
16.7%
$1.0B
—
$508M
2016
$10.7B
$880M
0.0%
19.0%
$1.1B
—
$675M
2015
—
$270M
—
—
$849M
—
$1.2B
2014
—
$723M
—
—
$818M
$8.5B
$737M
2013
—
$633M
—
—
$1.2B
$8.4B
$946M
2012
—
$536M
—
—
$551M
$8.6B
$534M
2011
—
$478M
—
—
$780M
$4.5B
$394M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$3.4B
$198M
0.0%
14.1%
$219M
—
$644M
Dec '25
$3.6B
$234M
0.0%
15.5%
$395M
—
$676M
Sep '25
$3.4B
$150M
0.0%
14.8%
$675M
—
$706M
Jun '25
$3.4B
$199M
0.0%
15.9%
$203M
—
$708M
Mar '25
$3.2B
$163M
0.0%
13.6%
$37M
—
$439M
Dec '24
$3.3B
$259M
0.0%
17.2%
$377M
—
$795M
Sep '24
$3.3B
$215M
0.0%
16.4%
$671M
—
$1.1B
Jun '24
$3.2B
$223M
0.0%
15.9%
$674M
—
$416M
Mar '24
$3.1B
$240M
0.0%
15.8%
-$256M
—
$345M
Dec '23
$3.1B
$151M
0.0%
12.4%
$326M
—
$380M
Sep '23
$3.1B
$247M
0.0%
15.9%
$524M
—
$449M
Jun '23
$3.0B
$179M
0.0%
13.5%
$326M
—
$327M
Mar '23
$2.9B
$116M
0.0%
10.8%
$315M
—
$317M
Dec '22
$2.9B
$68M
0.0%
8.8%
$150M
—
$244M
Sep '22
$2.9B
$105M
0.0%
10.6%
$567M
—
$368M
Jun '22
$2.9B
$225M
0.0%
14.8%
$46M
—
$263M
Mar '22
$2.8B
$162M
0.0%
12.0%
$199M
—
$328M
Dec '21
$2.9B
$187M
0.0%
13.2%
$340M
—
$462M
Sep '21
$2.9B
$260M
0.0%
16.2%
$409M
—
$1.0B
Jun '21
$2.9B
$294M
0.0%
16.8%
$530M
—
$1.0B
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 6.7× (Mar '23) to 12.7× (Jun '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 1.0× (Jun '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?
As of Jun '26, DaVita traded at a price-to-earnings ratio of about 12.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.