Tenet Healthcare revenue and financials
$261.43Change from previous close: +1.15%Absolute change: +$2.96
In the fiscal year ended December 2025, Tenet Healthcare reported revenue of $21.31B (+3.07% year over year). Net income was $1.41B, a net margin of 6.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +3.07%
- 2025 vs 2024
- Net income growth
- −56.03%
- 2025 vs 2024
- Net margin
- 6.6%
- 2024: 15.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 21,310 | 20,675 | 20,564 | 19,174 | 19,485 |
| Cost of revenue | 12,493 | 12,456 | 12,743 | 12,126 | 12,217 |
| Gross profit | 8,817 | 8,219 | 7,821 | 7,048 | 7,268 |
| Selling, general and administrative | 410 | 417 | 418 | 412 | 412 |
| Operating income | 3,772 | 3,218 | 2,805 | 2,485 | 2,562 |
| EBIT | 3,772 | 3,218 | 2,805 | 2,485 | 2,562 |
| EBITDA | 4,635 | 4,036 | 3,675 | 3,326 | 3,417 |
| Interest expense | 821 | 826 | 901 | 890 | 923 |
| Pre-tax income | 2,800 | 5,248 | 1,617 | 1,345 | 1,888 |
| Income tax | 433 | 1,184 | 306 | 344 | 411 |
| Net income | 1,407 | 3,200 | 611 | 411 | 914 |
| Net income to common shareholders | 1,407 | 3,200 | 611 | 411 | 914 |
| Basic EPS | 15.61 | 33.02 | 6.01 | 3.84 | 8.56 |
| Diluted EPS | 15.49 | 32.70 | 5.71 | 3.78 | 8.42 |
| Average shares (basic) | 90.2 | 96.9 | 102 | 107 | 107 |
| Average shares (diluted) | 90.8 | 97.9 | 105 | 111 | 109 |