stockrowTenet 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
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Tenet Healthcare Corporation (THC) Gross margin
Tenet Healthcare Corporation's gross margin over the twelve months to 30 September 2026 was 46.2%, up 4.8 percentage points from fiscal 2025 (41.4%). Over the past ten years it has ranged from 35.4% (fiscal 2020) to 41.4% (fiscal 2025) — the current reading is the highest in ten years. That is above the Medical Care Facilities industry median of 30.8% and below the Healthcare sector median of 53.9%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 41.4% | 1.62 |
| FY2024 | 39.8% | 1.72 |
| FY2023 | 38.1% | 1.26 |
| FY2022 | 36.8% | (0.55) |
| FY2021 | 37.4% | 1.99 |
| FY2020 | 35.4% | (1.02) |
| FY2019 | 36.4% | (0.06) |
| FY2018 | 36.5% | 0.89 |
| FY2017 | 35.6% | (0.98) |
| FY2016 | 36.5% | 0.69 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 44.0% | (6.26) |
| Jun 2026 | 50.2% | 0.92 |
| Mar 2026 | 49.3% | 7.77 |
| Dec 2025 | 41.5% | 0.79 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| EHC Encompass Health Corporation compare | 100.0% |
| UHS Universal Health Services, Inc. compare | 90.7% |
| THC Tenet Healthcare Corporation | 46.2% |
| CHE Chemed Corporation compare | 33.5% |
| DVA DaVita Inc. compare | 32.3% |
| CON Concentra Group Holdings Parent, Inc. compare | 29.9% |
| FMS Fresenius Medical Care AG & Co. KGaA compare | 26.4% |
| PACS PACS Group, Inc. compare | 17.1% |
| ENSG The Ensign Group, Inc. compare | 16.6% |
| Medical Care Facilities industry median | 30.8% |
| Healthcare sector median | 53.9% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on THC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement