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Friday 6 November 2026 Export THC’s income statement to Excel — free account

Tenet Healthcare Corporation

THC Healthcare Medical Care Facilities

Tenet Healthcare Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.3 billion, up 3.07% from fiscal 2024.

Revenue
+6.47%
EPS
+291.1%
Free cash flow
+39.2%
Total debt
+0.42%

Quarter to September 2026, against a year earlier

282.52 3.94 −1.38%
Market cap
$22.8B
P/E
7.6×
Fwd P/E
7.5×
Dividend yield
—
F-score
7/9
Altman Z
1.91
Beneish M
−2.67
Dividend safety
57/100
Overview Business Profile Earnings & Analysis
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Tenet Healthcare Corporation (THC) Current ratio

Alert me on Current ratio

Tenet Healthcare Corporation's current ratio at the end of the quarter to 30 September 2026 was 1.6×, down 0.2× from fiscal 2025 (1.8×). Over the past ten years it has ranged from 1.2× (fiscal 2015) to 1.8× (fiscal 2024); the current reading is higher than 91% of that period. That is above the Medical Care Facilities industry median of 1.4× and below the Healthcare sector median of 3.1×.

Current ratio, annual

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Annual newest first

Period Current ratio Change
FY2025 1.8× (1.33%)
FY2024 1.8× 18.38%
FY2023 1.5× 12.69%
FY2022 1.3× (3.51%)
FY2021 1.4× (6.08%)
FY2020 1.5× 22.03%
FY2019 1.2× 0.52%
FY2018 1.2× (6.57%)
FY2017 1.3× (1.28%)
FY2016 1.3× 8.57%

Quarterly newest first

Period Current ratio Change
Sep 2026 1.6× 12.72%
Jun 2026 1.4× 3.51%
Mar 2026 1.4× (22.77%)
Dec 2025 1.8× 2.69%
43 more quarters

Against its own ten years

Low 1.2× High 1.8×
Ten-year median 1.3×
Current reading's percentile 91

Current ratio against peers

Company Current ratio
THC Tenet Healthcare Corporation 1.6×
DVA DaVita Inc. compare 1.4×
UHS Universal Health Services, Inc. compare 1.4×
CON Concentra Group Holdings Parent, Inc. compare 1.3×
ENSG The Ensign Group, Inc. compare 1.2×
CHE Chemed Corporation compare 1.1×
EHC Encompass Health Corporation compare 1.1×
FMS Fresenius Medical Care AG & Co. KGaA compare 1.0×
PACS PACS Group, Inc. compare 0.8×
Medical Care Facilities industry median 1.4×
Healthcare sector median 3.1×
Market median 1.6×

What Current ratio is

Current Ratio shows whether a company’s short-term assets are enough to cover the bills and debts it must pay within the next year.

Current Assets (Total) ÷ Current Liabilities (Total)

The full definition of Current ratio →

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