Tenet Healthcare (THC) is trading up at $259.47 (+0.33%), as of the latest quote. It is a Russell 1000 constituent in the Health Care sector.
Tenet Healthcare revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $21.1B | $20.6B | $18.3B | $18.5B | $17.6B | $19.5B | $19.2B | $20.6B | $20.7B | $21.3B |
| Growth (year over year) | — | −2.2% | −11.2% | +0.9% | −4.5% | +10.5% | −1.6% | +7.2% | +0.5% | +3.1% |
| Operating income | $1.25B | $1.11B | $1.64B | $1.54B | $1.99B | $2.87B | $2.33B | $2.51B | $5.96B | $3.51B |
| Operating margin | 5.9% | 5.4% | 8.9% | 8.3% | 11.3% | 14.7% | 12.2% | 12.2% | 28.8% | 16.5% |
| Net income | −$192.0M | −$704.0M | $104.0M | −$215.0M | $399.0M | $914.0M | $411.0M | $611.0M | $3.20B | $1.41B |
| Net margin | −0.9% | −3.4% | 0.6% | −1.2% | 2.3% | 4.7% | 2.1% | 3.0% | 15.5% | 6.6% |
| EPS (diluted) | −$1.93 | −$7.00 | $1.00 | −$2.08 | $3.75 | $8.42 | $3.79 | $5.71 | $32.70 | $15.49 |
| Balance sheet | ||||||||||
| Cash and equivalents | $716.0M | $611.0M | $411.0M | $262.0M | $2.45B | $2.36B | $858.0M | $1.23B | $3.02B | $2.88B |
| Total assets | $24.7B | $23.4B | $22.4B | $23.4B | $27.1B | $27.6B | $27.2B | $28.3B | $28.9B | $29.7B |
| Total liabilities | $21.2B | $21.0B | $20.3B | $21.4B | $24.2B | $23.3B | $22.5B | $22.8B | $20.4B | $20.7B |
| Long-term debt | $15.1B | $14.8B | $14.6B | $14.6B | $15.6B | $15.5B | $14.9B | $14.9B | $13.1B | $13.1B |
| Shareholders' equity | $417.0M | −$147.0M | −$119.0M | −$417.0M | $28.0M | $1.03B | $1.14B | $1.61B | $4.17B | $4.22B |
| Cash flow | ||||||||||
| Operating cash flow | $558.0M | $1.20B | $1.05B | $1.23B | $3.41B | $1.57B | $1.08B | $2.37B | $2.05B | $3.54B |
| Capital expenditure | $875.0M | $707.0M | $617.0M | $670.0M | $540.0M | $658.0M | $762.0M | $751.0M | $931.0M | $1.01B |
| Free cash flow | −$317.0M | $493.0M | $432.0M | $563.0M | $2.87B | $910.0M | $321.0M | $1.62B | $1.12B | $2.53B |
| Share buybacks | $0 | $0 | — | — | $0 | $0 | $250.0M | $200.0M | $672.0M | $1.39B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $5.13B | $5.07B | $5.22B | $5.27B | $5.29B | $5.53B | $5.37B | $5.63B |
| Growth (year over year) | +1.2% | −6.0% | −2.7% | +3.2% | +3.2% | +8.9% | +2.8% | +6.8% |
| Operating income | $1.09B | $821.0M | $943.0M | $823.0M | $889.0M | $853.0M | $1.30B | $1.50B |
| Operating margin | 21.2% | 16.2% | 18.1% | 15.6% | 16.8% | 15.4% | 24.1% | 26.7% |
| Net income | $472.0M | $318.0M | $406.0M | $288.0M | $342.0M | $371.0M | $702.0M | $826.0M |
| Net margin | 9.2% | 6.3% | 7.8% | 5.5% | 6.5% | 6.7% | 13.1% | 14.7% |
| EPS (diluted) | $4.89 | $3.79 | $4.27 | $3.14 | $3.86 | $4.22 | $8.01 | $9.84 |
| Balance sheet | ||||||||
| Cash and equivalents | $4.09B | $3.02B | $3.00B | $2.63B | $2.98B | $2.88B | $2.97B | $2.17B |
| Total assets | $29.4B | $28.9B | $29.2B | $28.7B | $29.4B | $29.7B | $31.2B | $30.7B |
| Total liabilities | $21.3B | $20.4B | $20.6B | $20.4B | $20.7B | $20.7B | $22.4B | $22.0B |
| Long-term debt | $12.8B | $13.1B | $13.1B | $13.1B | $13.1B | $13.1B | $13.1B | $13.1B |
| Shareholders' equity | $3.83B | $4.17B | $4.18B | $3.75B | $4.01B | $4.22B | $4.81B | $4.66B |
| Cash flow | ||||||||
| Operating cash flow | $1.04B | −$331.0M | $815.0M | $936.0M | $1.06B | $731.0M | $1.64B | $585.0M |
| Capital expenditure | $216.0M | $330.0M | $173.0M | $193.0M | $280.0M | $364.0M | $180.0M | $168.0M |
| Free cash flow | $829.0M | −$661.0M | $642.0M | $743.0M | $778.0M | $367.0M | $1.46B | $417.0M |
| Share buybacks | $124.0M | $0 | $348.0M | $747.0M | $93.0M | $198.0M | $318.0M | $1.04B |
From Tenet Healthcare's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Tenet Healthcare
Tenet Healthcare Corporation is an American for-profit multinational healthcare services company based in Dallas. Through its brands, subsidiaries, joint ventures, and partnerships including United Surgical Partners International (USPI), the company operates around 65 hospitals and over 450 healthcare facilities. Tenet also runs Conifer Health Solutions, which provides healthcare support services to health systems and other clients.
Source: Wikipedia — Tenet Healthcare
- Headquarters
- Dallas, Texas From SEC filings, Oct 2026
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