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Tenet Healthcare Corporation (THC)
NYSE: THC · Real-Time Price · USD
273.25
+2.68 (0.99%)
At close: Oct 30, 2026, 4:00 PM EDT
272.55
-0.70 (-0.26%)
After-hours: Oct 30, 2026, 7:55 PM EDT

Tenet Healthcare Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
22,15421,31020,67520,56419,17419,485
Revenue Growth
6.28%3.07%0.54%7.25%-1.60%10.46%
Gross Profit
9,4088,8178,2197,8217,0487,268
Operating Income
4,1823,7723,2182,8052,4852,562
Net Income
2,8991,4073,200611411914
Earnings Per Share
34.1115.4932.705.713.788.42
EPS Growth
134.05%-52.63%473.12%50.87%-55.07%124.49%

Revenue by Segment
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Ambulatory Care
5,5125,1724,5343,8653,2482,718
Hospital Operations and Services
16,64216,13816,14116,68315,92616,767
Revenue (Total)
23,62621,31020,67520,56419,36819,676

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
2,6742,9423,0691,2768882,364
Total Debt
13,24314,42814,32716,21316,33216,771
Net Cash (Debt)
-10,569-11,486-11,258-14,937-15,444-14,407
Net Cash Growth
------
Net Cash Per Share
-124.31-126.45-115.02-142.53-139.74-132.70

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
4,2383,5402,0472,3741,0831,568
Capital Expenditures
-910-1,010-931-751-762-658
Free Cash Flow
3,3282,5301,1161,623321910
Free Cash Flow Growth
121.57%126.70%-31.24%405.61%-64.72%-68.26%

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
42.47%41.38%39.75%38.03%36.76%37.30%
Operating Margin
18.88%17.70%15.57%13.64%12.96%13.15%
Pretax Margin
21.36%13.14%25.38%7.86%7.01%9.69%
Profit Margin
13.09%6.60%15.48%2.97%2.14%4.69%
FCF Margin
15.02%11.87%5.40%7.89%1.67%4.67%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.0112.413.7512.5612.849.57
Forward PE
13.1912.2011.7613.409.5513.95
P/FCF Ratio
6.536.9010.764.7316.439.62
PS Ratio
0.980.820.580.370.280.45