Tenet Healthcare Corporation (THC)

NYSE: THC · Real-Time Price · USD

262.63

+19.27 (7.92%)

At close: Jul 28, 2026, 4:00 PM EDT

263.00

+0.37 (0.14%)

After-hours: Jul 28, 2026, 7:47 PM EDT

Tenet Healthcare Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	22,638	21,310	20,675	20,564	19,368	19,676
Revenue Growth	9.40%	3.07%	0.54%	6.17%	-1.57%	6.23%
Gross Profit	9,921	8,825	8,227	7,828	7,251	7,470
Operating Income	4,276	3,244	5,696	2,282	2,117	2,653
Net Income	2,241	1,407	3,200	611	411	914
Earnings Per Share	25.93	15.49	32.70	5.71	3.79	8.43
EPS Growth	66.00%	-52.63%	472.68%	50.66%	-55.04%	124.80%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Ambulatory Care	5,416	5,172	4,534	3,865	3,248	2,718
Hospital Operations and Services	16,396	16,138	16,141	16,683	15,926	16,767
Revenue (Total)	22,638	21,310	20,675	20,564	19,368	19,676

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Investments	2,170	2,883	3,019	1,228	858	2,364
Total Debt	13,248	13,171	13,173	15,002	15,079	15,646
Net Cash (Debt)	-11,078	-10,288	-10,154	-13,774	-14,221	-13,282
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-127.30	-113.26	-103.74	-131.43	-128.68	-122.33

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Operating Cash Flow	4,015	3,540	2,047	2,374	1,083	1,568
Capital Expenditures	-992	-1,010	-931	-751	-762	-658
Free Cash Flow	3,023	2,530	1,116	1,623	321	910
Free Cash Flow Growth	94.66%	126.70%	-31.24%	405.61%	-64.72%	-68.26%

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Gross Margin	43.82%	41.41%	39.79%	38.07%	37.44%	37.96%
Operating Margin	18.89%	15.22%	27.55%	11.10%	10.93%	13.48%
Pretax Margin	17.07%	13.14%	25.38%	7.86%	6.94%	9.60%
Profit Margin	14.02%	11.11%	19.66%	6.38%	5.17%	7.51%
FCF Margin	13.35%	11.87%	5.40%	7.89%	1.66%	4.62%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 29, 2026	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
PE Ratio	10.20	12.83	3.86	13.23	12.87	9.69
Forward PE	12.92	12.20	11.76	13.40	9.55	13.95
P/FCF Ratio	7.48	6.83	10.76	4.65	15.54	9.62
PS Ratio	1.04	0.81	0.58	0.37	0.26	0.45