Tenet Healthcare revenue and financials

THC · NYSE · USD

$260.86+0.92%+$2.39

Close · October 7, 2026

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%.

Annual revenue · 2025: $21.31B
  1. $19.49B2021
  2. $19.17B2022
  3. $20.56B2023
  4. $20.68B2024
  5. $21.31B2025

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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue5,6285,3685,5275,2895,2715,2235,0735,1265,1085,3685,3795,066
Cost of revenue3,2173,1373,2343,1373,0943,0283,0263,1013,0783,2513,2483,166
Gross profit2,4112,2312,2932,1522,1772,1952,0472,0252,0302,1172,1311,900
Selling, general and administrative10410241010299.096.0417107105103418104
Operating income1,022963965815850986839705674825823575
EBIT1,022963965815850986839705674825823575
EBITDA1,2371,1921,1961,0331,0581,1921,0329148821,0331,039799
Interest expense204205205206206204203202203218227227
Pre-tax income1,3401,1326817126427656559225873,084519345
Income tax29522637.013312014383.024111075063.079.0
Net income8267023713422884063184722592,151244101
Net income to common shareholders8267023713422884063184722592,151244101
Basic EPS9.898.094.253.893.164.313.344.932.6621.602.420.99
Diluted EPS9.848.014.223.863.144.273.314.892.6421.382.300.94
Average shares (basic)83.586.887.388.091.194.295.195.797.399.6101102
Average shares (diluted)84.087.687.988.691.895.095.996.798.4101104104