DAVITA INC.
DVA · Services-Misc Health & Allied Services, NEC · 64.2M shares · -12%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $160M (gross $272M, SBC $112M)
Reference price $209.28 · est. market cap ~$13.4B — last insider sale, 2026-06-16 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B75DaVita — dominant dialysis provider, highly cash-generative.
Strengths
- Operating margin 15% (100th pct), free cash flow and cash 100th
- Scale and recurring treatment demand
Risks
- Negative book equity (buybacks); reimbursement/payer-mix risk
- Regulatory (integrated-care, antitrust) scrutiny
Notable findings
- Strong balance sheetStrong balance sheet — $742M cash & investments
- Buying back stockNet buyback — share count -12%/yr over 4y
- Insider sellingInsider selling — 9 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$35M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
15.0%
Net margin
5.5%
Return on equity
-114.7%
Return on assets
4.3%
Revenue growth (QoQ)
-5.6%
Net-income growth
-20.2%
Current ratio
1.3×
Free cash flow
$1.3B
EBITDA
$2.8B
Tangible book value
-$8.4B
Cash & investments
$742M
Stock comp / revenue
1.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-16 | Rodriguez Javier | Sell | 39K | $209.28 |
| 2026-06-15 | Rodriguez Javier | Sell | 30K | $209.50 |
| 2026-06-15 | Waters Kathleen Alyce | Sell | 6.5K | $209.17 |
| 2026-06-15 | Waters Kathleen Alyce | Sell | 8.9K | $207.84 |
| 2026-05-26 | YALE PHYLLIS R | Gift | 5.0K | — |
| 2026-05-15 | Hollar Jason M. | Grant | 250 | — |
| 2026-05-15 | HEARTY JAMES O | Sell | 15K | $193.98 |
| 2026-05-15 | Schoppert Wendy Lee | Grant | 250 | — |
| 2026-05-15 | Arway Pamela M | Grant | 250 | — |
| 2026-05-15 | YALE PHYLLIS R | Grant | 250 | — |
| 2026-05-15 | DESOER BARBARA J | Grant | 250 | — |
| 2026-05-15 | Schechter Adam H | Grant | 250 | — |
| 2026-05-15 | Pullin Dennis W | Grant | 250 | — |
| 2026-05-15 | Moore Gregory J. | Grant | 250 | — |
| 2026-05-14 | HEARTY JAMES O | Disposition | 3.2K | $198.10 |
| 2026-05-14 | HEARTY JAMES O | Tax withheld | 1.1K | $198.10 |
| 2026-05-14 | HEARTY JAMES O | Option exercise | 5.8K | $110.63 |
| 2026-05-12 | Maughan David Paul | Sell | 13K | $199.25 |
| 2026-05-11 | Maughan David Paul | Sell | 7.1K | $199.15 |
| 2026-05-07 | ACKERMAN JOEL | Sell | 51K | $192.10 |
| 2026-05-06 | HEARTY JAMES O | Sell | 2.2K | $174.87 |
| 2026-03-15 | HEARTY JAMES O | Grant | 1.1K | — |
| 2026-03-15 | HEARTY JAMES O | Tax withheld | 769 | $150.72 |
| 2026-03-15 | HEARTY JAMES O | Tax withheld | 9.0K | $150.72 |
| 2026-03-15 | HEARTY JAMES O | Tax withheld | 300 | $150.72 |
| 2026-03-15 | HEARTY JAMES O | Tax withheld | 1.5K | $150.72 |
| 2026-03-15 | Schoppert Wendy Lee | Grant | 332 | — |
| 2026-03-15 | Waters Kathleen Alyce | Tax withheld | 2.5K | $150.72 |
| 2026-03-15 | Arway Pamela M | Grant | 332 | — |
| 2026-03-15 | DESOER BARBARA J | Grant | 332 | — |
| 2026-03-15 | Maughan David Paul | Grant | 5.3K | — |
| 2026-03-15 | Maughan David Paul | Tax withheld | 5.3K | $150.72 |
| 2026-03-15 | Maughan David Paul | Tax withheld | 7.8K | $150.72 |
| 2026-03-15 | YALE PHYLLIS R | Grant | 332 | — |
| 2026-03-15 | Rodriguez Javier | Grant | 21K | — |
| 2026-03-15 | Pullin Dennis W | Grant | 332 | — |
| 2026-03-15 | Hollar Jason M. | Grant | 332 | — |
| 2026-03-15 | BERRY CHRISTOPHER MICHAEL | Grant | 3.6K | — |
| 2026-03-15 | ACKERMAN JOEL | Grant | 5.7K | — |
| 2026-03-15 | ACKERMAN JOEL | Tax withheld | 3.4K | $150.72 |
| 2026-03-15 | ACKERMAN JOEL | Tax withheld | 34K | $150.72 |
| 2026-03-15 | ACKERMAN JOEL | Tax withheld | 5.8K | $150.72 |
| 2026-03-15 | Schechter Adam H | Grant | 332 | — |
| 2026-03-15 | Moore Gregory J. | Grant | 332 | — |
| 2026-03-15 | Waters Kathleen Alyce | Grant | 3.2K | — |
| 2026-03-15 | Waters Kathleen Alyce | Tax withheld | 26K | $150.72 |
| 2026-03-15 | Waters Kathleen Alyce | Tax withheld | 940 | $150.72 |
| 2026-03-15 | Waters Kathleen Alyce | Tax withheld | 4.3K | $150.72 |
| 2026-03-10 | HEARTY JAMES O | Grant | 1.8K | — |
| 2026-03-10 | HEARTY JAMES O | Grant | 21K | — |
| 2026-03-10 | ACKERMAN JOEL | Grant | 6.6K | — |
| 2026-03-10 | ACKERMAN JOEL | Grant | 66K | — |
| 2026-03-10 | Waters Kathleen Alyce | Grant | 4.8K | — |
| 2026-03-10 | Waters Kathleen Alyce | Grant | 51K | — |
| 2026-02-06 | Waters Kathleen Alyce | Option exercise | 8.1K | $108.93 |
| 2026-02-06 | Waters Kathleen Alyce | Disposition | 5.9K | $149.22 |
| 2026-02-06 | Waters Kathleen Alyce | Tax withheld | 817 | $149.22 |
| 2026-02-06 | ACKERMAN JOEL | Option exercise | 44K | $108.93 |
| 2026-02-06 | ACKERMAN JOEL | Disposition | 32K | $149.22 |
| 2026-02-06 | ACKERMAN JOEL | Tax withheld | 5.1K | $149.22 |
| 2025-12-04 | HEARTY JAMES O | Option exercise | 5.9K | $108.93 |
| 2025-12-04 | HEARTY JAMES O | Disposition | 5.4K | $118.25 |
| 2025-12-04 | HEARTY JAMES O | Tax withheld | 203 | $118.25 |
| 2025-11-15 | YALE PHYLLIS R | Grant | 411 | — |
| 2025-11-15 | Schoppert Wendy Lee | Grant | 411 | — |
| 2025-11-15 | Schechter Adam H | Grant | 411 | — |
| 2025-11-15 | Pullin Dennis W | Grant | 411 | — |
| 2025-11-15 | Moore Gregory J. | Grant | 411 | — |
| 2025-11-15 | Hollar Jason M. | Grant | 411 | — |
| 2025-11-15 | DESOER BARBARA J | Grant | 411 | — |
| 2025-11-15 | Arway Pamela M | Grant | 411 | — |
| 2025-11-15 | Rodriguez Javier | Tax withheld | 5.2K | $121.55 |
| 2025-09-22 | Maughan David Paul | Tax withheld | 7.5K | $130.16 |
| 2025-08-15 | Pullin Dennis W | Grant | 369 | — |
| 2025-08-15 | Schoppert Wendy Lee | Grant | 369 | — |
| 2025-08-15 | Arway Pamela M | Grant | 369 | — |
| 2025-08-15 | Moore Gregory J. | Grant | 369 | — |
| 2025-08-15 | Hollar Jason M. | Grant | 369 | — |
| 2025-08-15 | DESOER BARBARA J | Grant | 369 | — |
| 2025-08-15 | Schechter Adam H | Grant | 369 | — |
| 2025-08-15 | YALE PHYLLIS R | Grant | 369 | — |
| 2025-07-23 | HEARTY JAMES O | Sell | 2.4K | $150.00 |
| 2025-05-15 | Schechter Adam H | Grant | 348 | — |
| 2025-05-15 | DESOER BARBARA J | Grant | 348 | — |
| 2025-05-15 | Hollar Jason M. | Grant | 348 | — |
| 2025-05-15 | Arway Pamela M | Grant | 348 | — |
| 2025-05-15 | Pullin Dennis W | Grant | 348 | — |
| 2025-05-15 | Schoppert Wendy Lee | Grant | 348 | — |
| 2025-05-15 | YALE PHYLLIS R | Grant | 348 | — |
| 2025-05-15 | BERG CHARLES | Grant | 348 | — |
| 2025-05-15 | Moore Gregory J. | Grant | 348 | — |
| 2025-03-15 | Schoppert Wendy Lee | Grant | 349 | — |
| 2025-03-15 | Maughan David Paul | Grant | 5.2K | — |
| 2025-03-15 | Maughan David Paul | Tax withheld | 5.0K | $143.45 |
| 2025-03-15 | Maughan David Paul | Tax withheld | 4.3K | $143.45 |
| 2025-03-15 | ACKERMAN JOEL | Grant | 6.0K | — |
| 2025-03-15 | ACKERMAN JOEL | Tax withheld | 3.1K | $143.45 |
| 2025-03-15 | ACKERMAN JOEL | Tax withheld | 3.3K | $143.45 |
| 2025-03-15 | Schechter Adam H | Grant | 349 | — |
| 2025-03-15 | Waters Kathleen Alyce | Tax withheld | 2.8K | $143.45 |
| 2025-03-15 | Rodriguez Javier | Grant | 19K | — |
| 2025-03-15 | HEARTY JAMES O | Grant | 1.2K | — |
| 2025-03-15 | HEARTY JAMES O | Tax withheld | 866 | $143.45 |
| 2025-03-15 | HEARTY JAMES O | Tax withheld | 846 | $143.45 |
| 2025-03-15 | HEARTY JAMES O | Tax withheld | 306 | $143.45 |
| 2025-03-15 | HEARTY JAMES O | Tax withheld | 301 | $143.45 |
| 2025-03-15 | Pullin Dennis W | Grant | 349 | — |
| 2025-03-15 | Moore Gregory J. | Grant | 349 | — |
| 2025-03-15 | BERRY CHRISTOPHER MICHAEL | Grant | 3.8K | — |
| 2025-03-15 | Hollar Jason M. | Grant | 349 | — |
| 2025-03-15 | BERG CHARLES | Grant | 349 | — |
| 2025-03-15 | Arway Pamela M | Grant | 349 | — |
| 2025-03-15 | YALE PHYLLIS R | Grant | 349 | — |
| 2025-03-15 | Waters Kathleen Alyce | Grant | 3.3K | — |
| 2025-03-15 | Waters Kathleen Alyce | Tax withheld | 2.7K | $143.45 |
| 2025-03-15 | Waters Kathleen Alyce | Tax withheld | 955 | $143.45 |
| 2025-03-15 | Waters Kathleen Alyce | Tax withheld | 939 | $143.45 |
| 2025-03-15 | DESOER BARBARA J | Grant | 349 | — |
| 2025-03-12 | ACKERMAN JOEL | Grant | 7.4K | — |
| 2025-03-12 | ACKERMAN JOEL | Grant | 7.2K | — |
| 2025-03-12 | HEARTY JAMES O | Grant | 1.9K | — |
| 2025-03-12 | Waters Kathleen Alyce | Grant | 5.4K | — |
| 2025-03-12 | Waters Kathleen Alyce | Grant | 5.3K | — |
| 2025-03-12 | HEARTY JAMES O | Grant | 2.0K | — |
| 2025-03-03 | HEARTY JAMES O | Option exercise | 4.6K | $75.95 |
| 2025-03-03 | HEARTY JAMES O | Disposition | 2.4K | $147.88 |
| 2025-03-03 | HEARTY JAMES O | Tax withheld | 674 | $147.88 |
All non-derivative Form 4 activity (SEC), newest first.
Clinical trials
| Trial | Title | Phase | Status | Primary completion |
|---|---|---|---|---|
| NCT01623583 ↗ | Effect of Including Synera® in Discussions on Dialysis Access Conversion in Patients With Needle Phobias Needle Phobia, Phobic Disorders | PHASE4 | Terminated | 2015-03-01 |
Source: ClinicalTrials.gov (U.S. NIH) · active studies first.
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Material agreementDebt obligationShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-02-02 | ResultsExhibits | filing ↗ |
| 2025-11-25 | Material agreementDebt obligationExhibits | filing ↗ |
| 2025-10-29 | ResultsExhibits | filing ↗ |
| 2025-08-20 | Other | filing ↗ |
| 2025-08-05 | ResultsExhibits | filing ↗ |
| 2025-07-17 | Material agreementDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-04 | 0001206774-26-000316 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0000927066-26-000060 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0000927066-26-000062 ↗ |
| 10-K | 2026-02-11 | 2025-12-31 | 0000927066-26-000012 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0000927066-26-000004 ↗ |
| 8-K | 2025-11-25 | 2025-11-24 | 0001206774-25-000750 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0000927066-25-000163 ↗ |
| 10-Q | 2025-10-29 | 2025-09-30 | 0000927066-25-000165 ↗ |
| 8-K | 2025-08-20 | 2025-08-20 | 0000927066-25-000154 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0000927066-25-000122 ↗ |
| 10-Q | 2025-08-05 | 2025-06-30 | 0000927066-25-000124 ↗ |
| 8-K | 2025-07-17 | 2025-07-17 | 0001193125-25-160501 ↗ |