Healthcare · Medical - Care Facilities
Price
$214.82
Market Cap
$13.8B
Employees
76,000
Beta
0.91
Avg Volume
829,159
CEO
Javier J. Rodriguez
Business Description
DaVita Inc. specializes in delivering essential kidney dialysis treatments and comprehensive renal care to individuals grappling with chronic kidney failure. The company primarily operates an extensive network of outpatient dialysis centers, supplementing this with services provided in hospital inpatient settings and within patients' homes. Beyond direct patient treatment, DaVita manages its own diagnostic laboratories, performing routine tests vital for dialysis patients, alongside other physician-ordered laboratory analyses specifically for those with end-stage renal disease (ESRD). The firm also offers administrative and management support to various other outpatient dialysis facilities. Its broad spectrum of offerings extends to chronic disease management programs, supporting a substantial patient cohort; by year-end 2021, this included 16,000 patients enrolled in risk-based integrated care models and an additional 7,000 in other integrated care arrangements. Further specialized services encompass vascular access interventions, clinical research initiatives, direct physician support, and a complete suite of holistic kidney care solutions. As of December 31, 2021, DaVita's footprint across the United States comprised 2,815 outpatient dialysis centers, collectively serving approximately 203,100 patients. Globally, the company operated 339 outpatient dialysis centers spread across ten countries outside the U.S., attending to roughly 39,900 patients. Moreover, it furnished acute inpatient dialysis services and related laboratory work in around 850 U.S. hospitals. Founded in 1994, DaVita Inc. maintains its headquarters in Denver, Colorado. The company rebranded to its current name in September 2016, having previously been known as DaVita HealthCare Partners Inc.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
18.72
Stock Price: $214.82
EPS (Diluted): 9.72
EPS (Diluted): 9.72
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-15.02
Stock Price: $214.82
Total Equity: -$651.08M
Shares: 88,100,000
Total Equity: -$651.08M
Shares: 88,100,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.79
Market Cap: $13.79B
Total Debt: $12.45B
Cash: $757.75M
EBITDA: $2.64B
Total Debt: $12.45B
Cash: $757.75M
EBITDA: $2.64B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$24.1B
Market Cap: $13.79B
Total Debt: $12.45B
Cash: $757.75M
Total Debt: $12.45B
Cash: $757.75M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
27.0%
Gross Profit: $3.68B
Revenue: $13.64B
Revenue: $13.64B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
14.7%
Operating Income: $2.01B
Revenue: $13.64B
Revenue: $13.64B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
5.5%
Net Income: $746.80M
Revenue: $13.64B
Revenue: $13.64B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-133.1%
Net Income: $746.80M
Total Equity: -$651.08M
Total Equity: -$651.08M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
10.7%
Operating Income: $2.01B
Tax Rate: 21.8%
Equity: -$651.08M
Total Debt: $12.45B
Cash: $757.75M
Tax Rate: 21.8%
Equity: -$651.08M
Total Debt: $12.45B
Cash: $757.75M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.29
Current Assets: $4.06B
Current Liabilities: $3.14B
Current Liabilities: $3.14B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-19.12
Short-Term Debt: $109.20M
Long-Term Debt: $12.34B
Total Debt: $12.45B
Total Equity: -$651.08M
Long-Term Debt: $12.34B
Total Debt: $12.45B
Total Equity: -$651.08M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$154.86
Revenue: $13.64B
Shares: 88,100,000
Shares: 88,100,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-7.39
Total Equity: -$651.08M
Shares: 88,100,000
Shares: 88,100,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$14.88
Operating CF: $1.89B
CapEx: -$575.86M
Shares: 88,100,000
CapEx: -$575.86M
Shares: 88,100,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $214.82
Stock Price: $214.82
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $746.80M
Net Income: $746.80M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares DVA against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 25, 2026 3:22am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $11.6B | $11.6B | $12.1B | $12.8B | $13.6B |
| Cost of Revenue | $8.0B | $8.2B | $8.3B | $8.6B | $10.0B |
| Gross Profit | $3.6B | $3.4B | $3.8B | $4.2B | $3.7B |
| Operating Expenses | $1.8B | $2.1B | $2.2B | $2.1B | $1.7B |
| Operating Income | $1.8B | $1.3B | $1.6B | $2.1B | $2.0B |
| Net Income | $978.5M | $560.4M | $691.5M | $936.3M | $746.8M |
| EBITDA | $2.5B | $2.1B | $2.3B | $2.7B | $2.6B |
| EPS | $9.30 | $5.88 | $7.62 | $11.02 | $9.72 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 3:22am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $461.9M | $244.1M | $380.1M | $794.9M | $757.7M |
| Total Current Assets | $3.2B | $3.2B | $3.1B | $3.7B | $4.1B |
| Total Assets | $17.1B | $16.9B | $16.9B | $17.3B | $17.5B |
| Current Liabilities | $2.4B | $2.6B | $2.6B | $3.0B | $3.1B |
| Long-Term Debt | $8.7B | $8.7B | $8.3B | $9.2B | $12.3B |
| Total Liabilities | $14.8B | $14.7B | $14.2B | $15.2B | $16.3B |
| Total Equity | $755.5M | $712.3M | $1.1B | $121.1M | -$651.1M |
| Retained Earnings | $354.3M | $174.5M | $598.3M | $1.5B | -$328.4M |
Cash Flow (Annual)
Last updated: Jun 25, 2026 3:22am (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.9B | $1.6B | $2.1B | $2.0B | $1.9B |
| Capital Expenditure | -$641.5M | -$603.4M | -$568.0M | -$555.4M | -$575.9M |
| Free Cash Flow | $1.3B | $961.1M | $1.5B | $1.5B | $1.3B |
| Acquisitions (net) | -$201.0M | -$89.2M | -$26.4M | -$251.3M | -$144.5M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$1.6B | -$802.2M | -$272.2M | -$1.4B | -$1.8B |
| Net Change in Cash | $53.2M | -$216.0M | $125.6M | $415.2M | -$122.1M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 11:58am (22h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$14.1B $13.9B – $14.3B
|
$14.5B $14.3B – $14.9B
|
$14.6B $14.3B – $14.9B
|
$15.9B $15.6B – $16.3B
|
| EBITDA |
$2.8B $2.8B – $2.8B
|
$2.9B $2.8B – $3.0B
|
$2.9B $2.8B – $2.9B
|
$3.1B $3.1B – $3.2B
|
| Net Income |
$1.3B $1.3B – $1.4B
|
$1.5B $1.4B – $1.6B
|
$1.7B $1.6B – $1.7B
|
$1.6B $1.6B – $1.7B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 25, 2026 3:22am (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -0.1% | +4.6% | +5.6% | +6.5% |
| Gross Profit Growth | -6.7% | +12.4% | +10.4% | -12.6% |
| Operating Income Growth | -25.5% | +19.7% | +30.4% | -3.8% |
| Net Income Growth | -42.7% | +23.4% | +35.4% | -20.2% |
| EBITDA Growth | -17.2% | +12.9% | +17.4% | -3.0% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 9:06am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | Waters Kathleen Alyce | S-Sale | 8,950.00 | $207.84 | $1.9M |
| 2026-06-15 | Waters Kathleen Alyce | S-Sale | 6,455.00 | $209.17 | $1.4M |
| 2026-06-15 | Rodriguez Javier | S-Sale | 30,000.00 | $209.50 | $6.3M |
| 2026-06-16 | Rodriguez Javier | S-Sale | 39,407.00 | $209.28 | $8.2M |
| 2026-05-26 | YALE PHYLLIS R | G-Gift | 5,038.00 | $0.00 | $0 |
| 2026-05-15 | Pullin Dennis W | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-15 | Moore Gregory J. | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-15 | Schoppert Wendy Lee | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-15 | Arway Pamela M | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-15 | YALE PHYLLIS R | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-15 | DESOER BARBARA J | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-15 | Schechter Adam H | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-15 | Hollar Jason M. | A-Award | 250.00 | $0.00 | $0 |
| 2026-05-14 | HEARTY JAMES O | M-Exempt | 5,784.00 | $110.63 | $639,884 |
| 2026-05-14 | HEARTY JAMES O | D-Return | 3,231.00 | $198.10 | $640,061 |
| 2026-05-14 | HEARTY JAMES O | F-InKind | 1,117.00 | $198.10 | $221,278 |
| 2026-05-15 | HEARTY JAMES O | S-Sale | 15,000.00 | $193.98 | $2.9M |
| 2026-05-14 | HEARTY JAMES O | M-Exempt | 5,784.00 | $110.63 | $639,884 |
| 2026-05-11 | Maughan David Paul | S-Sale | 7,073.00 | $199.15 | $1.4M |
| 2026-05-12 | Maughan David Paul | S-Sale | 13,456.00 | $199.25 | $2.7M |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DVA — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30