Tenet Healthcare Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	21,310	20,675	20,564	19,368	19,676
Revenue Growth (YoY)	3.07%	0.54%	6.17%	-1.57%	6.23%
Cost of Revenue	12,485	12,448	12,736	12,117	12,206
Gross Profit	8,825	8,227	7,828	7,251	7,470
Depreciation & Amortization Expenses	863	818	870	841	855
Other Operating Expenses	4,718	1,713	4,676	4,293	3,962
Total Operating Expenses	5,581	2,531	5,546	5,134	4,817
Operating Income	3,244	5,696	2,282	2,117	2,653
Interest Income	264	260	228	216	218
Interest Expense	-821	-826	-901	-890	-923
Other Non-Operating Income (Expense)	113	118	8	-98	-60
Total Non-Operating Income (Expense)	-444	-448	-665	-772	-765
Pretax Income	2,800	5,248	1,617	1,345	1,888
Provision for Income Taxes	433	1,184	306	344	411
Net Income	1,407	3,200	611	411	914
Minority Interest in Earnings	960	864	700	590	562
Earnings From Discontinued Operations	-	-	-	-	-2
Net Income to Common	1,407	3,200	611	411	914
Net Income Growth	-56.03%	423.73%	48.66%	-55.03%	129.07%
Shares Outstanding (Basic)	90	97	102	107	107
Shares Outstanding (Diluted)	91	98	105	111	109
Shares Change (YoY)	-7.20%	-6.60%	-5.17%	1.79%	2.17%
EPS (Basic)	15.61	33.02	6.01	3.84	8.56
EPS (Diluted)	15.49	32.70	5.71	3.79	8.43
EPS Growth	-52.63%	472.68%	50.66%	-55.04%	124.80%
Shares Outstanding	86.95	95.11	99.95	102.25	107.19
Free Cash Flow	2,530	1,116	1,623	321	910
Free Cash Flow Growth	126.70%	-31.24%	405.61%	-64.72%	-68.26%
Free Cash Flow Per Share	27.85	11.40	15.49	2.90	8.38
Gross Margin	41.41%	39.79%	38.07%	37.44%	37.97%
Operating Margin	15.22%	27.55%	11.10%	10.93%	13.48%
Profit Margin	11.11%	19.66%	6.38%	5.17%	7.51%
FCF Margin	11.87%	5.40%	7.89%	1.66%	4.62%
EBITDA	4,107	6,514	3,152	2,958	3,508
EBITDA Margin	19.27%	31.51%	15.33%	15.27%	17.83%
EBIT	3,244	5,696	2,282	2,117	2,653
EBIT Margin	15.22%	27.55%	11.10%	10.93%	13.48%
Effective Tax Rate	15.46%	22.56%	18.92%	25.58%	21.77%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q