TENET HEALTHCARE CORP (THC)

266.80 -0.35% (-0.95)

Over 1Y: +44.6%

2026-08-28
Style
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Aug Oct Dec Feb Apr Jun Aug

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 4.9B Q3 '21 — Free Cash Flow: 321M Q3 '21 — Net Income: 578M Q4 '21 — Revenue: 4.9B Q4 '21 — Free Cash Flow: 53M Q4 '21 — Net Income: 419M Q1 '22 — Revenue: 4.7B Q1 '22 — Free Cash Flow: 73M Q1 '22 — Net Income: 280M Q2 '22 — Revenue: 4.6B Q2 '22 — Free Cash Flow: -33M Q2 '22 — Net Income: 179M Q3 '22 — Revenue: 4.8B Q3 '22 — Free Cash Flow: 150M Q3 '22 — Net Income: 268M Q4 '22 — Revenue: 5B Q4 '22 — Free Cash Flow: 131M Q4 '22 — Net Income: 274M Q1 '23 — Revenue: 5B Q1 '23 — Free Cash Flow: 214M Q1 '23 — Net Income: 296M Q2 '23 — Revenue: 5.1B Q2 '23 — Free Cash Flow: 466M Q2 '23 — Net Income: 293M Q3 '23 — Revenue: 5.1B Q3 '23 — Free Cash Flow: 327M Q3 '23 — Net Income: 266M Q4 '23 — Revenue: 5.4B Q4 '23 — Free Cash Flow: 616M Q4 '23 — Net Income: 456M Q1 '24 — Revenue: 5.4B Q1 '24 — Free Cash Flow: 346M Q1 '24 — Net Income: 2.3B Q2 '24 — Revenue: 5.1B Q2 '24 — Free Cash Flow: 602M Q2 '24 — Net Income: 477M Q3 '24 — Revenue: 5.1B Q3 '24 — Free Cash Flow: 829M Q3 '24 — Net Income: 681M Q4 '24 — Revenue: 5.1B Q4 '24 — Net Income: 572M Q1 '25 — Revenue: 0 Q1 '25 — Free Cash Flow: 642M Q1 '25 — Net Income: 622M Q2 '25 — Revenue: 0 Q2 '25 — Free Cash Flow: 743M Q2 '25 — Net Income: 522M Q3 '25 — Revenue: 5.3B Q3 '25 — Free Cash Flow: 778M Q3 '25 — Net Income: 579M Q4 '25 — Revenue: 5.5B Q4 '25 — Free Cash Flow: 367M Q4 '25 — Net Income: 644M Q1 '26 — Revenue: 413M Q1 '26 — Free Cash Flow: 1.5B Q1 '26 — Net Income: 906M Q2 '26 — Revenue: 413M Q2 '26 — Free Cash Flow: 417M Q2 '26 — Net Income: 1B 0 1.5B 3B 4.5B 6B
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Free Cash Flow Net Income

Figures as at 2026-06-30, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

5.6
SBC / sales 0.61%
Oper. margin 20.8%
OE margin 13.3%
ROIC 22.8%
Accruals -2.7%
ROA 10.3%
ROCE 18.1%
ROE 68.1%
FCF margin 13.9%
OCF margin 18.4%
OCF / EBIT 0.88×
Gross margin —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

4.3
RPO / sales 0.076×
Segment HHI 0.58 HHI
RPO growth -68.8%

3 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

3.7
ND/EBITDA —
F-score 6.8 pts
Payout 26.2%
Quick ratio 1.3×
Cash / Debt 0.16×
Debt payback 3.7 yr
Debt / Eq 2.8×
Cash runway —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

5.1
Sales/sh Y/Y +13.6%
Div. growth +18.8%
EBIT CAGR +21.0%
EBIT Y/Y +23.5%
EPS Y/Y +42.7%
Sales Q/Q +6.8%
EPS CAGR 4Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.