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Tenet Healthcare THC Operating Income

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Other financials

Income statement

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Revenue$5.6B+6.8%
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:OperatingIncomeLoss.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Impairment and restructuring charges, and acquisition-related costs31245543
Litigation and investigation costs3283045
Net losses (gains) on sales, consolidation and deconsolidation of facilities(33)38(34)16
Operating income1,5018232,7971,766
Interest expense(204)(206)(409)(410)
Other non-operating income, net43258451
Income before income taxes1,3406422,4721,407
Income tax expense(295)(120)(521)(263)

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's operating income?
Tenet Healthcare (THC) reported operating income of $1.5B in Q2 2026.
How has Tenet Healthcare's operating income changed year-over-year?
Tenet Healthcare's operating income increased by 82.4% year-over-year, from $823M to $1.5B.
What is the long-term trend for Tenet Healthcare's operating income?
Over 4 years (2021 to 2025), Tenet Healthcare's operating income has grown at a 5.1% compound annual growth rate (CAGR), from $2.87B to $3.51B.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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