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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
FCF margin13.9%

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

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:InventoryNet.

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

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000070318-26-000037
Line itemJune 30,2026December 31,2025
Current assets:
Cash and cash equivalents$2,170$2,883
Accounts receivable2,6082,565
Inventories of supplies, at cost338348
Assets held for sale6262
Other current assets2,6491,991
Total current assets7,8277,849
Investments and other assets3,8022,883

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's inventories?
Tenet Healthcare (THC) reported inventories of $338M in Q2 2026.
How has Tenet Healthcare's inventories changed year-over-year?
Tenet Healthcare's inventories decreased by 0.0% year-over-year, from $338M to $338M.
What is the long-term trend for Tenet Healthcare's inventories?
Over 4 years (2021 to 2025), Tenet Healthcare's inventories has grown at a -2.4% compound annual growth rate (CAGR), from $384M to $348M.
What does inventories mean?
Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

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