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Tenet Healthcare THC Non-Controlling Interests

Non-Controlling Interests at other companies

BrightSpring Health Services, Inc. logo
BrightSpring Health Services, Inc.BTSG
$63K+150%
Encompass Health Corporation logo
Encompass Health CorporationEHC
$786.7M+8.9%
GE HealthCare Technologies logo
GE HealthCare TechnologiesGEHC
$12M-40.0%
STERIS logo
STERISSTE
$13.6M+9.7%
Baxter International logo
Baxter InternationalBAX
-$27M0.0%
Healthpeak Properties logo
Healthpeak PropertiesDOC

Other financials

Income statement

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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

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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

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

Valuation

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Market cap$14.86B
Enterprise value$25.19B
P/E5.6×
P/S0.7×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

The official record: Tenet Healthcare’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tenet Healthcare's non-controlling interests?
Tenet Healthcare (THC) reported non-controlling interests of $1.9B in Q1 2026.
How has Tenet Healthcare's non-controlling interests changed year-over-year?
Tenet Healthcare's non-controlling interests increased by 12.0% year-over-year, from $1.7B to $1.9B.
What is the long-term trend for Tenet Healthcare's non-controlling interests?
Over 4 years (2021 to 2025), Tenet Healthcare's non-controlling interests has grown at a 15.0% compound annual growth rate (CAGR), from $1.03B to $1.8B.
What does non-controlling interests mean?
The portion of a subsidiary's equity owned by outside investors rather than the parent company.
How do you interpret non-controlling interests?
An increase indicates the company is expanding through partially-owned joint ventures or subsidiaries.
How does non-controlling interests compare across companies?
Common in healthcare organizations that utilize joint ventures for ambulatory surgery centers.