TENET HEALTHCARE CORP
TENET HEALTHCARE CORP
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 2,170 | 2,967 | 2,883 | 2,975 | 2,625 | 2,999 | 3,019 | 4,094 | 2,880 | 2,481 | 1,228 | 1,054 | |||||
Accounts Receivable Net Current | 2,608 | 2,605 | 2,565 | 2,518 | 2,533 | 2,619 | 2,536 | 2,598 | 2,817 | 3,148 | 2,914 | 2,897 | |||||
Inventory Net | 338 | 343 | 348 | 346 | 338 | 344 | 346 | 356 | 382 | 395 | 411 | 413 | |||||
Assets Of Disposal Group Including Discontinued Op… | 62 | 62 | 62 | 82 | 21 | 21 | 21 | 20 | 21 | 22 | 775 | 140 | |||||
Other Assets Current | 2,649 | 2,379 | 1,991 | 1,889 | 1,781 | 1,930 | 1,760 | 1,691 | 1,855 | 1,775 | 1,839 | 1,855 | |||||
Assets Current | 7,827 | 8,356 | 7,849 | 7,810 | 7,298 | 7,913 | 7,682 | 8,759 | 7,955 | 7,821 | 7,167 | 6,359 | |||||
Long Term Investments And Receivables Net | 3,802 | 3,809 | 2,883 | 2,939 | 2,994 | 3,069 | 3,037 | 3,064 | 3,156 | 3,244 | 3,157 | 3,152 | |||||
Deferred Income Tax Assets Net | 71 | 84 | 84 | 72 | 76 | 78 | 80 | 36 | 85 | 20 | 77 | 4 | |||||
Property Plant And Equipment And Finance Lease Rig… | 6,258 | 6,251 | 6,315 | 6,091 | 6,024 | 5,991 | 6,049 | 5,552 | 5,857 | 5,855 | 6,236 | 6,260 | |||||
Goodwill | 11,437 | 11,387 | 11,198 | 11,158 | 10,935 | 10,786 | 10,691 | 10,588 | 10,799 | 10,568 | 10,307 | 10,415 | |||||
Intangible Assets Net Excluding Goodwill | 1,281 | 1,316 | 1,348 | 1,348 | 1,372 | 1,400 | 1,397 | 1,373 | 1,413 | 1,399 | 1,368 | 1,400 | |||||
Assets | 30,676 | 31,203 | 29,677 | 29,418 | 28,699 | 29,237 | 28,936 | 29,372 | 29,265 | 28,907 | 28,312 | 27,590 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Long Term Debt And Capital Lease Obligations Curre… | 160 | 81 | 79 | 85 | 84 | 88 | 92 | 95 | 102 | 107 | 120 | 141 | |||||
Accounts Payable Current | 1,371 | 1,339 | 1,360 | 1,356 | 1,360 | 1,327 | 1,294 | 1,265 | 1,270 | 1,335 | 1,408 | 1,202 | |||||
Employee Related Liabilities Current | 864 | 854 | 858 | 857 | 793 | 710 | 899 | 879 | 788 | 775 | 930 | 787 | |||||
Self Insurance Reserve Current | 292 | 303 | 276 | 287 | 275 | 268 | 238 | 286 | 283 | 266 | 254 | 264 | |||||
Interest Payable Current | 113 | 256 | 81 | 248 | 148 | 248 | 149 | 248 | 149 | 249 | 200 | 273 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | 0 | 12 | 12 | 12 | 13 | 12 | 11 | 11 | 69 | 17 | |||||
Contract With Customer Liability Current | - | - | - | - | - | - | - | - | - | - | - | 86 | |||||
Accrued Income Taxes Current | 69 | 236 | 0 | 28 | 25 | 149 | 18 | 826 | 715 | 805 | 23 | - | |||||
Other Liabilities Current | 2,698 | 3,083 | 1,809 | 1,687 | 1,574 | 1,649 | 1,607 | 1,927 | 2,175 | 1,868 | 1,756 | 1,662 | |||||
Liabilities Current | 5,567 | 6,152 | 4,463 | 4,560 | 4,271 | 4,451 | 4,310 | 5,538 | 5,493 | 5,416 | 4,760 | 4,432 | |||||
Long Term Debt And Capital Lease Obligations | 13,088 | 13,128 | 13,092 | 13,102 | 13,091 | 13,082 | 13,081 | 12,776 | 12,769 | 12,772 | 14,882 | 14,901 | |||||
Self Insurance Reserve Noncurrent | 978 | 938 | 951 | 891 | 873 | 877 | 900 | 855 | 844 | 794 | 792 | 787 | |||||
Pension And Other Postretirement Defined Benefit P… | 241 | 243 | 245 | 296 | 297 | 297 | 298 | 308 | 334 | 334 | 335 | 327 | |||||
Deferred Income Tax Liabilities Net | 325 | 199 | 240 | 269 | 230 | 226 | 227 | 260 | 245 | 231 | 326 | 278 | |||||
Other Liabilities Noncurrent | 1,777 | 1,693 | 1,713 | 1,600 | 1,635 | 1,651 | 1,573 | 1,560 | 1,711 | 1,689 | 1,709 | 1,684 | |||||
Liabilities | 21,976 | 22,353 | 20,704 | 20,718 | 20,397 | 20,584 | 20,389 | 21,297 | 21,396 | 21,236 | 22,804 | 22,409 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | 2,143 | 2,137 | 2,956 | 2,917 | 2,826 | 2,776 | 2,727 | 2,649 | 2,813 | 2,728 | 2,391 | 2,303 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |||||
Additional Paid In Capital | 5,192 | 5,124 | 4,914 | 4,872 | 4,858 | 4,826 | 4,873 | 4,849 | 4,840 | 4,806 | 4,834 | 4,818 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -177 | -179 | -181 | -174 | -177 | -178 | -180 | -175 | -177 | -179 | -181 | -176 | |||||
Retained Earnings Accumulated Deficit | 5,943 | 5,117 | 4,415 | 4,044 | 3,702 | 3,414 | 3,008 | 2,690 | 2,218 | 1,959 | -192 | -436 | |||||
Treasury Stock Common Value | -6,308 | -5,256 | -4,936 | -4,736 | -4,642 | -3,889 | -3,538 | -3,538 | -3,414 | -3,141 | -2,861 | -2,750 | |||||
Stockholders Equity | 4,658 | 4,814 | 4,220 | 4,014 | 5,476 | 4,181 | 4,171 | 3,834 | 3,475 | 4,943 | 1,608 | 2,878 | |||||
Minority Interest | 1,899 | 1,899 | 1,797 | 1,769 | 1,727 | 1,696 | 1,649 | 1,592 | 1,581 | 1,490 | 1,509 | 1,414 | |||||
Liabilities And Stockholders Equity | 30,676 | 31,203 | 29,677 | 29,418 | 28,699 | 29,237 | 28,936 | 29,372 | 29,265 | 28,907 | 28,312 | 27,590 | |||||
Property Plant And Equipment And Finance Lease Rig… | 6,924 | 6,814 | 6,680 | 6,196 | 6,096 | 5,944 | 5,809 | 5,714 | 6,016 | 5,908 | 6,478 | 6,462 | |||||
Finite Lived Intangible Assets Accumulated Amortiz… | 1,437 | 1,378 | 1,328 | 1,357 | 1,332 | 1,312 | 1,288 | 1,322 | 1,331 | 1,312 | 1,447 | 1,463 | |||||
Common Stock Par Or Stated Value Per Share | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | |||||
Common Stock Shares Authorized | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | 263 | |||||
Common Stock Shares Issued | 159 | 159 | 159 | 159 | 158 | 158 | 158 | 158 | 158 | 158 | 157 | 157 | |||||
Treasury Stock Common Shares | 79 | 73 | 72 | 71 | 70 | 66 | 63 | 63 | 62 | 60 | 57 | 56 | |||||
Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables
Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables
Custom Table
Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals
Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals
Interactive Financial Visualizations
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.89% | -2.57% | 10.04% | - | - | - | - | - | - | - | - | - |
| 2025 | 17.80% | 21.44% | 26.53% | 11.57% | 18.18% | 24.31% | -6.19% | -4.05% | -3.85% | -2.83% | -16.65% | -18.73% |
| 2024 | 16.78% | 19.56% | 18.68% | 9.57% | 9.99% | 9.13% | -11.75% | -20.46% | -19.60% | -9.07% | -8.24% | 10.32% |
| 2023 | - | - | - | -0.67% | -9.37% | -26.98% | 27.70% | 42.25% | 54.31% | 8.52% | 12.37% | 32.28% |
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial | ||||||||||||
Subscribe to unlock 17+ years of financial data and 90+ calculated metrics
Subscribe to unlock 17+ years of data and 90+ calculated metrics
Performance and Valuation Metrics
Rows marked with a lock icon are subscribers only — subscribe to unlock 90+ calculated metrics and 17+ years of history.
Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.41 | 1.36 | 1.76 | 1.71 | 1.71 | 1.78 | 1.78 | 1.58 | 1.45 | 1.44 | 1.51 | 1.43 | |||||
| Quick Ratio | 1.35 | 1.30 | 1.68 | 1.64 | 1.63 | 1.70 | 1.70 | 1.52 | 1.38 | 1.37 | 1.42 | 1.34 | |||||
| Working Capital | 2.26B | 2.20B | 3.39B | 3.25B | 3.03B | 3.46B | 3.37B | 3.22B | 2.46B | 2.41B | 2.41B | 1.93B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 4.72 | 4.64 | 3.44 | 5.16 | 3.72 | 4.92 | 3.50 | 5.55 | 6.16 | 4.30 | 7.32 | 7.79 | |||||
| Interest Coverage TTM | 5.54 | 4.70 | 4.27 | 4.24 | 4.51 | 4.45 | 7.21 | 6.91 | 6.11 | 5.78 | 2.79 | 2.59 | |||||
| Debt Ratio | 0.72 | 0.72 | 0.70 | 0.70 | 0.71 | 0.70 | 0.70 | 0.73 | 0.73 | 0.73 | 0.81 | 0.81 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.73 | 0.71 | 0.73 | 0.71 | 0.71 | 0.71 | 0.72 | 0.74 | 0.74 | 0.75 | 0.74 | 0.74 | |||||
| Days Sales Outstanding TTM | 43.01 | 44.44 | 43.69 | 44.77 | 47.18 | 51.27 | 48.11 | 47.80 | 49.99 | 52.68 | 52.02 | 51.81 | |||||
| Receivables Turnover TTM | 8.49 | 8.21 | 8.36 | 8.15 | 7.74 | 7.12 | 7.59 | 7.64 | 7.30 | 6.93 | 7.02 | 7.04 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 29.30 | 19.44 | 15.49 | 18.15 | 21.21 | 22.48 | 41.52 | 45.90 | 39.17 | 34.81 | 12.51 | 1.80 | |||||
| Free Cash Flow Per Share TTM | 36.19 | 38.58 | 28.06 | 17.08 | 17.04 | 14.98 | 11.52 | 25.01 | 19.44 | 17.62 | 15.97 | 11.21 | |||||
| Dividend Per Share TTM | 9.97 | 9.41 | 8.97 | 8.75 | 8.03 | 7.51 | 7.03 | 6.95 | 6.65 | 6.25 | 5.84 | 5.45 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 59.51% | 59.17% | 59.15% | 58.88% | 58.48% | 58.11% | 69.71% | 81.22% | 92.85% | 104.30% | 104.38% | 104.43% | |||||
| Operating Profit Margin TTM | 20.81% | 18.00% | 16.46% | 16.67% | 17.76% | 17.60% | 28.81% | 27.98% | 25.57% | 24.85% | 12.22% | 11.46% | |||||
| Net Profit Margin TTM | 11.28% | 7.94% | 6.60% | 7.71% | 9.41% | 10.40% | 19.66% | 21.14% | 18.43% | 16.76% | 6.38% | 0.93% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 5.41% | 4.51% | 3.07% | -0.60% | -1.09% | -1.75% | 0.62% | 4.08% | 5.16% | 7.43% | 7.17% | 5.88% | |||||
| Net Income Growth (1Y) | 26.35% | -20.27% | -65.38% | -63.75% | -49.51% | -39.01% | 209.99% | 2,259.57% | 1,668.81% | 1,178.10% | 218.98% | -81.37% | |||||
| EPS Growth (1Y) | 37.86% | -13.44% | -62.79% | -60.57% | -46.11% | -35.55% | 225.14% | 2,404.58% | 1,750.62% | 1,212.86% | 235.58% | -80.20% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 6.35 | 9.62 | 12.73 | 11.11 | 8.24 | 5.93 | 3.01 | 3.58 | 3.36 | 2.99 | 5.86 | 35.59 | |||||
| P/B TTM | 3.35 | 3.40 | 2.98 | 4.45 | 2.93 | 3.03 | 2.10 | 4.15 | 3.72 | 2.12 | 2.46 | 2.32 | |||||
| P/S TTM | 0.72 | 0.76 | 0.84 | 0.86 | 0.78 | 0.62 | 0.59 | 0.76 | 0.62 | 0.50 | 0.37 | 0.33 | |||||
| Market Cap | 15.63B | 16.38B | 17.91B | 17.86B | 16.04B | 12.68B | 12.23B | 15.90B | 12.94B | 10.47B | 7.68B | 6.69B | |||||
| Enterprise Value | 26.70B | 26.62B | 28.20B | 28.07B | 26.59B | 22.85B | 22.39B | 24.68B | 22.93B | 20.86B | 21.45B | 20.68B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 3.02B | 3.35B | 2.53B | 1.50B | 1.55B | 1.41B | 1.12B | 2.39B | 1.89B | 1.76B | 1.62B | 1.14B | |||||
| Net Debt | 11.08B | 10.24B | 10.29B | 10.21B | 10.55B | 10.17B | 10.15B | 8.78B | 9.99B | 10.40B | 13.77B | 13.99B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Insider Transactions
Subscribe to unlock 17+ years of financial data
Subscribe to unlock 17+ years of data
Institutional Ownership
TENET HEALTHCARE CORP (THC) — SEC Financial Statements & Analysis
TENET HEALTHCARE CORP (THC) is a services-general medical & surgical hospitals, nec company, incorporated in NV. TENET HEALTHCARE CORP trades on NYSE as: THC. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), TENET HEALTHCARE CORP reported a 5.41% year-over-year revenue growth, a Gross Profit Margin of 59.51% (TTM), a Debt-to-Equity ratio of 4.72x, a Price-to-Sales (P/S) ratio of 0.72x (TTM), a Price-to-Book (P/B) ratio of 3.35x (TTM), at a market cap of $15.63B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 5.41%
- Gross Profit Margin TTM
- 59.51%
- Debt To Equity
- 4.72x
- P/S TTM
- 0.72x
- P/B TTM
- 3.35x
- Market Cap
- $15.63B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is TENET HEALTHCARE CORP in?
TENET HEALTHCARE CORP (THC) operates in the Services-General Medical & Surgical Hospitals, NEC industry.
What is THC's market cap?
TENET HEALTHCARE CORP (THC) has a market capitalization of $15.63B as of 2026-06-30.
What is THC's P/E ratio?
TENET HEALTHCARE CORP (THC)'s trailing twelve month P/E ratio is 6.35x as of 2026-06-30.
What exchange does THC trade on?
TENET HEALTHCARE CORP (THC) trades on the NYSE.
Where is TENET HEALTHCARE CORP incorporated?
TENET HEALTHCARE CORP is incorporated in NV.