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TENET HEALTHCARE CORP

THC

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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
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Assets
Assets Current
Cash And Cash Equivalents At Carrying Value
2,1702,9672,8832,9752,6252,9993,0194,0942,8802,4811,2281,054
Accounts Receivable Net Current
2,6082,6052,5652,5182,5332,6192,5362,5982,8173,1482,9142,897
Inventory Net
338343348346338344346356382395411413
Assets Of Disposal Group Including Discontinued Op…
62626282212121202122775140
Other Assets Current
2,6492,3791,9911,8891,7811,9301,7601,6911,8551,7751,8391,855
Assets Current
7,8278,3567,8497,8107,2987,9137,6828,7597,9557,8217,1676,359
Long Term Investments And Receivables Net
3,8023,8092,8832,9392,9943,0693,0373,0643,1563,2443,1573,152
Deferred Income Tax Assets Net
71848472767880368520774
Property Plant And Equipment And Finance Lease Rig…
6,2586,2516,3156,0916,0245,9916,0495,5525,8575,8556,2366,260
Goodwill
11,43711,38711,19811,15810,93510,78610,69110,58810,79910,56810,30710,415
Intangible Assets Net Excluding Goodwill
1,2811,3161,3481,3481,3721,4001,3971,3731,4131,3991,3681,400
Assets
30,67631,20329,67729,41828,69929,23728,93629,37229,26528,90728,31227,590
Liabilities And Stockhold…
Liabilities Current
Long Term Debt And Capital Lease Obligations Curre…
16081798584889295102107120141
Accounts Payable Current
1,3711,3391,3601,3561,3601,3271,2941,2651,2701,3351,4081,202
Employee Related Liabilities Current
864854858857793710899879788775930787
Self Insurance Reserve Current
292303276287275268238286283266254264
Interest Payable Current
11325681248148248149248149249200273
Liabilities Of Disposal Group Including Discontinu…
--0121212131211116917
Contract With Customer Liability Current
-----------86
Accrued Income Taxes Current
69236028251491882671580523-
Other Liabilities Current
2,6983,0831,8091,6871,5741,6491,6071,9272,1751,8681,7561,662
Liabilities Current
5,5676,1524,4634,5604,2714,4514,3105,5385,4935,4164,7604,432
Long Term Debt And Capital Lease Obligations
13,08813,12813,09213,10213,09113,08213,08112,77612,76912,77214,88214,901
Self Insurance Reserve Noncurrent
978938951891873877900855844794792787
Pension And Other Postretirement Defined Benefit P…
241243245296297297298308334334335327
Deferred Income Tax Liabilities Net
325199240269230226227260245231326278
Other Liabilities Noncurrent
1,7771,6931,7131,6001,6351,6511,5731,5601,7111,6891,7091,684
Liabilities
21,97622,35320,70420,71820,39720,58420,38921,29721,39621,23622,80422,409
Redeemable Noncontrolling Interest Equity Carrying…
2,1432,1372,9562,9172,8262,7762,7272,6492,8132,7282,3912,303
Stockholders Equity Inclu…
Stockholders Equity
Common Stock Value
888888888888
Additional Paid In Capital
5,1925,1244,9144,8724,8584,8264,8734,8494,8404,8064,8344,818
Accumulated Other Comprehensive Income Loss Net Of…
-177-179-181-174-177-178-180-175-177-179-181-176
Retained Earnings Accumulated Deficit
5,9435,1174,4154,0443,7023,4143,0082,6902,2181,959-192-436
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
4,6584,8144,2204,0145,4764,1814,1713,8343,4754,9431,6082,878
Minority Interest
1,8991,8991,7971,7691,7271,6961,6491,5921,5811,4901,5091,414
Liabilities And Stockholders Equity
30,67631,20329,67729,41828,69929,23728,93629,37229,26528,90728,31227,590
Property Plant And Equipment And Finance Lease Rig…
6,9246,8146,6806,1966,0965,9445,8095,7146,0165,9086,4786,462
Finite Lived Intangible Assets Accumulated Amortiz…
1,4371,3781,3281,3571,3321,3121,2881,3221,3311,3121,4471,463
Common Stock Par Or Stated Value Per Share
0.050.050.050.050.050.050.050.050.050.050.050.05
Common Stock Shares Authorized
263263263263263263263263263263263263
Common Stock Shares Issued
159159159159158158158158158158157157
Treasury Stock Common Shares
797372717066636362605756

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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%---------
202517.80%21.44%26.53%11.57%18.18%24.31%-6.19%-4.05%-3.85%-2.83%-16.65%-18.73%
202416.78%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%

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Performance and Valuation Metrics

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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
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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

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Insider Transactions

2026-05-28Sale
Owner: Kerrey, J Robert
Title: -
Shares: 5,638
Price/Share: $175.33
Value: $988,510.54
Shares Owned: 16,804
Relationship: Director
Ownership: Direct
2026-05-27Sale
Owner: West, Nadja
Title: -
Shares: 3,000
Price/Share: $177.35
Value: $532,050.00
Shares Owned: 24,805
Relationship: Director
Ownership: Direct
2026-03-11Sale
Owner: Arbour, Paola M
Title: EVP, Chief Information Officer
Shares: 6,500
Price/Share: $238.43
Value: $1,549,795.00
Shares Owned: 29,291
Relationship: Officer
Ownership: Direct
2026-03-09Sale
Owner: Arnst, Thomas W
Title: EVP, Chief Admin. Officer & GC
Shares: 8,000
Price/Share: $238.94
Value: $1,911,520.00
Shares Owned: 12
Relationship: Officer
Ownership: Direct
2026-03-02Sale
Owner: Arnst, Thomas W
Title: EVP, Chief Admin. Officer & GC
Shares: 24,000
Price/Share: $234.04
Value: $5,616,960.00
Shares Owned: 8,012
Relationship: Officer
Ownership: Direct

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Institutional Ownership

No data available for chart
2026-03-31
83.21%
Inst. Shares: 72,226,124
Shares Outstanding: 86,801,000
2025-12-31
82.75%
Inst. Shares: 74,595,215
Shares Outstanding: 90,150,000
2025-09-30
84.46%
Inst. Shares: 74,279,526
Shares Outstanding: 87,951,000
2025-06-30
84.76%
Inst. Shares: 77,244,069
Shares Outstanding: 91,135,000
2025-03-31
83.00%
Inst. Shares: 78,220,431
Shares Outstanding: 94,242,000

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.

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Main Street's price.