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Tenet Healthcare THC Free cash flow margin

Free cash flow margin at other companies

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5.1%-1.4pp
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7.7%-2.3pp
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-1.6%-2.8pp
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32.4%+21.8pp
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Ardent Health PartnersARDT
3.4%+1.4pp

Other financials

Income statement

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Revenue$5.6B+6.8%
Operating income$1.5B+82.4%
Net income$1.0B+100%
EPS (diluted)$9.84+213%

Balance sheet

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Cash & equivalents$2.2B-17.3%
Total debt$13.4B+1.1%
Total equity$4.7B+24.2%
Total assets$30.7B+6.9%

Cash flow

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Operating cash flow$585.0M-37.5%
CapEx$168.0M-13.0%
Free cash flow$417.0M-43.9%

Valuation

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Market cap$21.08B+49.8%
Enterprise value$32.31B+30.8%
P/E6.6×+0.8×
P/S+0.3×

Profitability

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Operating margin20.8%+3.0pp
Net margin14.6%+3.0pp

Returns & leverage

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Return on equity75.5%+9.1pp
Debt / equity2.9×-0.7×
Current ratio1.4×-0.3×

Where this comes from

Calculated from Tenet Healthcare’s reported figures.

Based on trailing twelve months.

The source filing: Tenet Healthcare’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000070318-26-000037

FAQ

What is Tenet Healthcare's free cash flow margin?
Tenet Healthcare (THC) reported free cash flow margin of 13.9% in Q2 2026.
What is the long-term trend for Tenet Healthcare's free cash flow margin?
Over 3 years (2020 to 2025), Tenet Healthcare's free cash flow margin has grown at a -9.9% compound annual growth rate (CAGR), from 16.3% to 11.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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