NYSE:THC
Tenet Healthcare Corp.
Tenet Healthcare Corp.'s revenue grew 3.1% in fiscal 2025 to $21.3B while operating margin fell to 16.5%. Free cash flow was $2.5B, 11.9% of revenue, and the diluted share count fell 7.2%.Summary generated from Tenet Healthcare Corp.'s SEC filings. Latest annual report filed Feb 17, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$21.3B
Revenue growth+3.1%
Revenue, 5-yr CAGR+3.9%
Gross marginn/a
Operating margin16.5%
Net margin11.1%
ROIC20.6%
Return on equity56.4%
Debt / equity3.12
Free cash flow$2.5B
FCF margin11.9%
Share count change−7.2%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 19.5 | 19.2 | 20.6 | 20.7 | 21.3 |
| Operating income | 2.9 | 2.3 | 2.5 | 6.0 | 3.5 |
| Net income | 1.5 | 1.0 | 1.3 | 4.1 | 2.4 |
| Free cash flow | 0.9 | 0.3 | 1.6 | 1.1 | 2.5 |
Recent filings
- 8-KEntry into a material agreement
Sep 22, 2026 - 4Insider transaction report
Sep 16, 2026 - 4Insider transaction report
Sep 14, 2026 - 8-KRegulation FD disclosure
Sep 8, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 29, 2026 - 8-KResults of operations and financial condition
Jul 23, 2026 - 8-KResults of a shareholder vote
May 29, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 30, 2026