Skip to content
Screener

Tenet Healthcare THC Q1 2026 earnings

Reported July 23, 2026 · Before market open

Revenue$5.6BBeat by $234.6M
EPS$6.12Beat by $1.86
Revenue estimate$5.4B
EPS estimate$4.26

Next report

Oct 27, 2026 (in 2 months)
Revenue estimate$5.5B
EPS estimate$4.66

Financials

Q1 2026

Income statement

See full
Revenue$5.4B+2.8%
Operating income$1.3B+37.4%
Net income$906.0M+45.7%
EPS (diluted)$8.01+87.6%

Balance sheet

See full
Cash & equivalents$3.0B-1.1%
Total debt$13.3B+0.2%
Total equity$4.8B+15.1%
Total assets$31.2B+6.7%

Cash flow

See full
Operating cash flow$1.6B+101%
CapEx$180.0M+4.0%
Free cash flow$1.5B+128%

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$22.08B+37.3%
Enterprise value$33.32B+24.7%
P/E7×+0.2×
P/S1×+0.2×

Profitability

See full
Operating margin18%+0.4pp
Net margin12.4%+0.9pp
FCF margin15.6%—

Returns & leverage

See full
Return on equity58.9%-2.7pp
Debt / equity2.8×-0.4×
Current ratio1.4×-0.4×

Segments

By product

See full
Total$3.5B-0.2%
Managed care$2.4B-0.3%
Other revenues$574.0M+4.6%
Medicare$565.0M+3.1%
Medicaid$356.0M-6.3%

By segment

See full
Hospital Operations$4.0B+0.5%
Ambulatory Care$1.3B+10.6%

FAQ

When did Tenet Healthcare report Q1 2026 earnings?
Tenet Healthcare (THC) reported Q1 2026 earnings on July 23, 2026 before market open.
What were Tenet Healthcare's Q1 2026 revenue and EPS?
Tenet Healthcare reported revenue of $5.6B and eps of $6.12 for Q1 2026.
Did Tenet Healthcare beat estimates in Q1 2026?
Revenue beat the consensus estimate of $5.4B by $234.6M. EPS beat the consensus estimate of $4.26 by $1.86.
How did Tenet Healthcare's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 7.8% from $5.2B a year earlier and eps grew 40.4% from $4.36.
Where can I find Tenet Healthcare's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000070318-26-000032) and the 10-Q periodic report (0000070318-26-000026) directly on SEC EDGAR. The filing index links above go to sec.gov.