Davita Inc. (DVA) intrinsic value & 10-year financials
Davita Inc. (DVA) has a Graham intrinsic value of $207.99 per share. At $187.31 on Oct 17, 2026, the stock trades 10% below that value. Over the last 10 fiscal years revenue grew 3.8% a year to $13.6B, with an average return on invested capital of 12.2%.
- Graham intrinsic value
- $207.99
- Share price (Oct 17, 2026)
- $187.31
- Price vs Graham value
- 10% below
- Market cap
- $14.2B
- Revenue (FY2025)
- $13.6B
- Revenue growth (10-yr CAGR)
- 3.8%
- ROIC (10-yr avg)
- 12.2%
- Free cash flow (FY2025)
- $1.3B
DVA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $13.6B | $746.8M | $9.84 | $1.3B | 15.0% | 16.6% |
| FY2024 | $12.8B | $936.3M | $10.73 | $1.5B | 16.3% | 18.0% |
| FY2023 | $12.1B | $691.5M | $7.42 | $1.5B | 13.2% | 13.2% |
| FY2022 | $11.6B | $560.4M | $5.85 | $961.1M | 11.5% | 10.6% |
| FY2021 | $11.6B | $978.5M | $8.90 | $1.3B | 15.5% | 14.9% |
| FY2020 | $11.0B | $773.6M | $6.31 | $1.3B | 15.4% | 13.2% |
| FY2019 | $10.9B | $811.0M | $5.27 | $1.3B | 15.1% | 10.8% |
| FY2018 | $10.7B | $159.4M | $0.92 | $784.5M | 14.2% | 5.7% |
| FY2017 | $10.1B | $663.6M | $3.47 | $1.0B | 18.0% | 9.2% |
| FY2016 | $9.7B | $879.9M | $4.29 | $1.1B | 19.5% | 9.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DaVita has demonstrated mature, steady growth, with revenue compounding at 3.8% annually over the past decade.
DaVita returns on capital have been average, hovering around 12.2% ROIC over the decade.
Over the decade, DaVita shows that management has aggressively returned capital to shareholders by retiring 63.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DaVita is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $207.99 per share.