TORVANTA
Health Care · S&P 500 · data as of 2026-10-05

DVA stock analysis: DaVita

DaVita (DVA) is an S&P 500 company in Health Care Services. It grades strongest on value and weakest on momentum.

The model's view of DVA · subscribers

Where DVA ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with DVA · updated 2026-10-05 · from prices and SEC filings

DVA price performance

DVA against the S&P 500, one year
+0%+50%DVA +37%S&P 500 +18%2025-09-292026-10-05
Year to date+57.3%S&P 500 +14.5% · ahead by 42.8 pts
1 year+36.3%S&P 500 +17.0% · ahead by 19.2 pts
3 years+95.9%S&P 500 +89.3% · ahead by 6.6 pts
5 years+55.4%S&P 500 +91.3% · behind by 35.9 pts

Total returns with dividends reinvested.

DVA factor grades

Each grade compares DVA with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

AValueP/E 14.7x (industry 22.9x)FCF yield 14.1% (industry 10.6%)
B-GrowthRevenue growth +6% (industry +7%)EPS growth +20% (industry +20%)
C+ProfitabilityOperating margin 15.2% (industry 10.4%)ROIC 17.9% (industry 10.2%)
D+Momentum12-month change +36%From 52-wk high -26%

DVA in plain numbers

DVA key statistics

SectorHealth Care
IndustryHealth Care Services
IndexS&P 500
Market value$11.4B
Revenue growth (y/y)+6%
Free-cash-flow yield14.1%
Dividend yieldn/a
Next earnings (expected)2026-10-28
Valuation measures
Market value$11.4B
Enterprise value$21.6B
P/E (trailing)14.7x
Forward P/E (Torvanta estimate)13.0x
PEG (Torvanta estimate)1.00
Price / sales0.8x
EV / revenue1.5x
EV / EBITDA7.6x
Financial highlights
Revenue, last 12 months$14.0B
Net income, last 12 months$847.5M
EPS, last 12 months (GAAP)$12.15
Operating margin15.2%
Net margin6.0%
Return on invested capital17.9%
Cash$669.0M
Total debt$10.8B
Free cash flow, last 12 months$1.6B
Current ratio1.47x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

DVA earnings trends

Revenue vs earnings
$0$904.9M$1.8B$2.7B$3.6BSep 2024 Revenue: $3.3BDec 2024 Revenue: $3.3BMar 2025 Revenue: $3.2BJun 2025 Revenue: $3.4BSep 2025 Revenue: $3.4BDec 2025 Revenue: $3.6BMar 2026 Revenue: $3.4BJun 2026 Revenue: $3.6BSep 2024 Net income: $214.7MDec 2024 Net income: $259.3MMar 2025 Net income: $162.9MJun 2025 Net income: $199.3MSep 2025 Net income: $150.3MDec 2025 Net income: $234.2MMar 2026 Net income: $197.5MJun 2026 Net income: $265.4MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 6.6%Net margin: 7.9%Net margin: 5.1%Net margin: 5.9%Net margin: 4.4%Net margin: 6.5%Net margin: 5.8%Net margin: 7.5%0%4%8%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$1.0$2.0$3.0$4.0Sep 2024 EPS (GAAP, diluted): $2.5Dec 2024 EPS (GAAP, diluted): $3.1Mar 2025 EPS (GAAP, diluted): $2.0Jun 2025 EPS (GAAP, diluted): $2.6Sep 2025 EPS (GAAP, diluted): $2.0Dec 2025 EPS (GAAP, diluted): $3.2Mar 2026 EPS (GAAP, diluted): $2.9Jun 2026 EPS (GAAP, diluted): $4.0Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -18% · Dec 2025 +5% · Mar 2026 +44% · Jun 2026 +56%

From the company's 10-Q and 10-K filings with the SEC.

DaVita financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$11.6B$11.6B$12.1B$12.8B$13.6B
Net income$1.0B$560.4M$691.5M$936.3M$746.8M
EPS (GAAP)$8.91$5.82$7.40$10.72$9.84
Free cash flow$1.3B$1.0B$1.5B$1.5B$1.3B

DVA earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-08-04$4.02+56%+5%-20.8%
2026-05-05$2.87+44%+6%+23.6%
2026-02-02$3.22+5%+10%+23.6%
2025-10-29$2.04-18%+5%-7.3%
2025-08-05$2.58+3%+6%-8.6%
2025-05-12$2.00-25%+5%-3.8%

About DaVita

HeadquartersDenver, CO
Industry (SEC code)Services-Misc Health & Allied Services, Nec
Fiscal year endsDecember 31
Incorporated inDE
Listed onNYSE
FormerlyDAVITA HEALTHCARE PARTNERS INC., DAVITA INC, TOTAL RENAL CARE HOLDINGS INC

From the company's SEC registration record.

Companies similar to DVA

CompanyMarket valueP/ERevenue growthOperating margin12-month change
DVA DaVita$11.4B14.7x+6%15.2%+36%
LH Labcorp$25.0B25.5x+6%10.4%+13%compare
DGX Quest Diagnostics$25.6B24.7x+10%14.1%+31%compare
CI Cigna$71.7B11.2x+8%3.5%-11%compare
CVS CVS Health$111.3B22.9x+7%2.0%+16%

All Health Care stock ratings

Frequently asked questions

Is DVA stock a buy?

Torvanta does not tell individuals what to buy. Its grades for DVA are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is DVA's P/E ratio?

DVA trades at about 14.7 times its last 12 months of GAAP earnings reported to the SEC, and about 13.0 times Torvanta's own estimate of the next 12 months.

When does DVA report earnings next?

Based on its filing history, Torvanta expects DaVita to report around 2026-10-28.

How has DVA performed against the S&P 500?

Over the past year DVA returned +36.3%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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