Where do Tenet Healthcare's ratios come from?

Every ratio is computed from Tenet Healthcare's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Tenet Healthcare THC Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	16.5%-12.3pp	28.8%+16.6pp	12.2%0.0pp	12.2%-2.6pp
Net margin	11.1%-8.5pp	19.7%+13.3pp	6.4%+1.2pp	5.2%-2.4pp
Returns
Return on equity	56.4%-84.2pp	140.6%+45.3pp	95.3%+3.1pp	92.3%—
Return on invested capital	21.7%-14.5pp	36.2%+24.2pp	12%+1.4pp	10.6%—
Efficiency
Asset turnover	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.7×0.0×
Liquidity
Current ratio	1.8×0.0×	1.8×+0.3×	1.5×+0.2×	1.3×0.0×
Leverage
Debt-to-equity	3.5×0.0×	3.6×-6.7×	10.3×-4.4×	14.7×-1.9×
Net debt / EBITDA	2.8×+1.0×	1.7×-2.8×	4.5×-0.5×	5×+1.1×
Per Share
Book value per share	$46.46+9.0%	$42.61+178%	$15.34+48.5%	$10.33+9.1%

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Where do Tenet Healthcare's ratios come from?: Every ratio is computed from Tenet Healthcare's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.