THC
Tenet Healthcare Corporation
NYSE: THC · HEALTHCARE · MEDICAL CARE FACILITIES
$180.10
+1.46% today
Updated 2026-04-29
Market cap
$15.78B
P/E ratio
11.62
P/S ratio
0.74x
EPS (TTM)
$15.50
Dividend yield
—
52W range
$145 – $247
Volume
1.1M
Tenet Healthcare Corporation (THC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.45B | $8.08B | $8.59B | $9.01B | $8.27B | $8.65B | $9.12B | $11.09B | $16.60B | $18.63B | $19.62B | $19.18B | $18.31B | $18.48B | $17.64B | $19.48B | $19.17B | $20.55B | $20.66B | $21.31B |
| Revenue growth (YoY) | — | -4.4% | +6.2% | +5.0% | -8.3% | +4.7% | +5.4% | +21.6% | +49.8% | +12.2% | +5.3% | -2.3% | -4.5% | +0.9% | -4.5% | +10.5% | -1.6% | +7.2% | +0.6% | +3.1% |
| Cost of revenue | $5.31B | $5.02B | $5.29B | $5.43B | $1.54B | $1.55B | $5.81B | $7.16B | $10.65B | $11.95B | $12.48B | $12.38B | $11.65B | $11.77B | $11.41B | $12.22B | $12.13B | $12.74B | $12.46B | $12.48B |
| Gross profit | $3.15B | $3.06B | $3.29B | $3.59B | $6.72B | $7.11B | $3.31B | $3.93B | $5.95B | $6.68B | $7.14B | $6.79B | $6.66B | $6.71B | $6.23B | $7.27B | $7.05B | $7.80B | $8.21B | $8.82B |
| Gross margin | 37.2% | 37.9% | 38.4% | 39.8% | 81.3% | 82.1% | 36.3% | 35.5% | 35.8% | 35.9% | 36.4% | 35.4% | 36.4% | 36.3% | 35.3% | 37.3% | 36.8% | 38.0% | 39.7% | 41.4% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| SG&A | $2.54B | $2.61B | $632.00M | $697.00M | $5.84B | $6.18B | $4.26B | $5.37B | $8.02B | $9.01B | $9.36B | $9.27B | $8.63B | $8.70B | $8.42B | $8.88B | $8.84B | $9.15B | $8.80B | $8.71B |
| Operating income | $-732.00M | $2.17B | $2.30B | $596.00M | $634.00M | $653.00M | $749.00M | $663.00M | $925.00M | $1.08B | $1.25B | $1.11B | $1.64B | $1.54B | $1.99B | $2.87B | $2.33B | $2.51B | $5.96B | $3.51B |
| Operating margin | -8.7% | 26.9% | 26.7% | 6.6% | 7.7% | 7.5% | 8.2% | 6.0% | 5.6% | 5.8% | 6.4% | 5.8% | 8.9% | 8.3% | 11.3% | 14.7% | 12.2% | 12.2% | 28.8% | 16.5% |
| EBITDA | $-395.00M | $659.00M | $843.00M | $1.06B | $962.00M | $937.00M | $1.18B | $861.00M | $1.75B | $1.85B | $2.08B | $1.80B | $2.44B | $2.15B | $2.53B | $3.67B | $3.08B | $3.39B | $6.89B | $4.30B |
| EBITDA margin | -4.7% | 8.2% | 9.8% | 11.8% | 11.6% | 10.8% | 12.9% | 7.8% | 10.5% | 9.9% | 10.6% | 9.4% | 13.3% | 11.7% | 14.3% | 18.8% | 16.0% | 16.5% | 33.4% | 20.2% |
| EBIT | $-737.00M | $297.00M | $470.00M | $677.00M | $537.00M | $524.00M | $746.00M | $316.00M | $901.00M | $1.06B | $1.23B | $927.00M | $1.63B | $1.30B | $1.67B | $2.81B | $2.23B | $2.52B | $6.07B | $3.44B |
| Interest expense | $1.35B | $439.00M | $418.00M | $445.00M | $424.00M | $375.00M | $412.00M | $474.00M | $754.00M | $912.00M | $979.00M | $1.03B | $1.00B | $985.00M | $1.00B | $923.00M | $890.00M | $901.00M | $826.00M | $264.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-803.00M | $-89.00M | $25.00M | $187.00M | $1.14B | $82.00M | $152.00M | $-134.00M | $12.00M | $-140.00M | $-192.00M | $-704.00M | $104.00M | $-215.00M | $399.00M | $914.00M | $411.00M | $611.00M | $3.20B | $1.41B |
| Net income growth (YoY) | — | +88.9% | +128.1% | +648.0% | +511.2% | -92.8% | +85.4% | -188.2% | +109.0% | -1266.7% | -37.1% | -266.7% | +114.8% | -306.7% | +285.6% | +129.1% | -55.0% | +48.7% | +423.7% | -56.0% |
| Profit margin | -9.5% | -1.1% | 0.3% | 2.1% | 13.8% | 0.9% | 1.7% | -1.2% | 0.1% | -0.8% | -1.0% | -3.7% | 0.6% | -1.2% | 2.3% | 4.7% | 2.1% | 3.0% | 15.5% | 6.6% |