Tenet Healthcare revenue and financials
$259.93Change from previous close: +0.56%Absolute change: +$1.46
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 585 | 1,641 | 731 | 1,058 | 936 | 815 | -331 | 1,045 | 747 | 586 | 824 | 503 |
| Depreciation and amortization | 215 | 229 | 231 | 218 | 208 | 206 | 193 | 209 | 208 | 208 | 216 | 224 |
| Capital expenditure | -168 | -180 | -364 | -280 | -193 | -173 | -330 | -216 | -145 | -240 | -208 | -176 |
| Investing cash flow | -203 | -317 | -389 | -385 | -314 | -187 | -372 | 667 | -194 | 3,328 | -333 | -169 |
| Financing cash flow | -1,179 | -1,240 | -434 | -323 | -996 | -648 | -372 | -498 | -154 | -2,661 | -317 | -214 |
| Share repurchases | -1,039 | -404 | -202 | -140 | -748 | -380 | -11.0 | -138 | -270 | -278 | -110 | — |
| Debt issued | 14.0 | 14.0 | 2,255 | 6.0 | 14.0 | 1.0 | 7.0 | 8.0 | 6.0 | 2.0 | 2.0 | 6.0 |
| Debt repaid | -26.0 | -33.0 | -2,282 | -28.0 | -30.0 | -32.0 | -31.0 | -33.0 | -38.0 | -2,141 | -64.0 | -41.0 |
| Net change in cash | -797 | 84.0 | -92.0 | 350 | -374 | -20.0 | -1,075 | 1,214 | 399 | 1,253 | 174 | 120 |
| Free cash flow | 417 | 1,461 | 367 | 778 | 743 | 642 | -661 | 829 | 602 | 346 | 616 | 327 |
| Levered free cash flow | -368 | 2,031 | -64.0 | 451 | 489 | 647 | -1,147 | 776 | 710 | 1,844 | -83.5 | 324 |