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) Operating margin
Tenet Healthcare Corporation's operating margin over the twelve months to 30 September 2026 was 28.1%, up 11.6 percentage points from fiscal 2025 (16.5%). Over the past ten years it has ranged from 5.78% (fiscal 2015) to 28.8% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Medical Care Facilities industry median of 5.97% and above the Healthcare sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 16.5% | (12.35) |
| FY2024 | 28.8% | 16.60 |
| FY2023 | 12.2% | 0.04 |
| FY2022 | 12.2% | (2.56) |
| FY2021 | 14.7% | 3.45 |
| FY2020 | 11.3% | 2.96 |
| FY2019 | 8.32% | (0.62) |
| FY2018 | 8.94% | 3.14 |
| FY2017 | 5.80% | (0.56) |
| FY2016 | 6.36% | 0.58 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 31.1% | (2.93) |
| Jun 2026 | 34.0% | 2.17 |
| Mar 2026 | 31.8% | 16.41 |
| Dec 2025 | 15.4% | (1.38) |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| THC Tenet Healthcare Corporation | 28.1% |
| EHC Encompass Health Corporation compare | 18.3% |
| CON Concentra Group Holdings Parent, Inc. compare | 16.9% |
| DVA DaVita Inc. compare | 15.0% |
| CHE Chemed Corporation compare | 13.9% |
| UHS Universal Health Services, Inc. compare | 10.9% |
| ENSG The Ensign Group, Inc. compare | 8.97% |
| FMS Fresenius Medical Care AG & Co. KGaA compare | 8.82% |
| PACS PACS Group, Inc. compare | 7.43% |
| Medical Care Facilities industry median | 5.97% |
| Healthcare sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on THC
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross 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