# DaVita (DVA) Forecast Calculator

Interactive five-year financial forecast and DCF for DaVita. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/davita/forecast
- Industry: Healthcare
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 11388479000 | 1305809000 | 2244222000 | 810981000 |
| 2022 | 11550604000 | 1304487000 | 2311262000 | 773642000 |
| 2023 | 11618797000 | 1289411000 | 2465125000 | 978450000 |
| 2024 | 11609894000 | 961141000 | 2060195000 | 560400000 |
| 2025 | 12140147000 | 1491046000 | 2339258000 | 691535000 |

## Frequently asked questions

### What services does DaVita Inc. provide?

DaVita Inc. is a leading provider of kidney care services, primarily operating outpatient dialysis centers for patients with end-stage renal disease. The company also manages value-based care arrangements through its Integrated Kidney Care division and has an expanding international dialysis network.

### What are the primary revenue drivers for DaVita's business?

DaVita's revenue is primarily driven by U.S. dialysis treatment volumes, shifts in payor mix, and the expansion of its value-based integrated kidney care programs. The company's asset-heavy clinic operator model benefits from highly recurring, life-sustaining treatment volumes.

### What is DaVita's typical capital expenditure as a percentage of revenue?

DaVita's capital expenditure typically ranges from 4.5% to 6.0% of its revenue, with the financial model assuming 5.59%. Approximately 60% of this capex is for maintenance, covering clinic refurbishments and machine replacements, while 40% is for growth, such as new clinic build-outs and IT investments.

### What is the assumed revenue growth rate in the DaVita financial model?

The DaVita financial model assumes a revenue growth rate of approximately 1.61%. This growth is influenced by factors such as U.S. dialysis treatment volumes, payor mix shifts, and the expansion of value-based integrated kidney care.

### What is the purpose of the DaVita financial model for analysts?

The DaVita financial model serves as a comprehensive equity valuation and scenario planning tool. It enables analysts to forecast free cash flow generation based on key operational drivers like U.S. dialysis treatment volumes and payor mix shifts.

### Can I download an Excel financial model for DaVita (DVA)?

Yes, an Excel financial model for DaVita (DVA) is available for download. This model provides a detailed forecast horizon from FY2026 to FY2030, allowing for in-depth analysis of the company's future financial performance.