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Tenet Healthcare THC Redeemable NCI

Redeemable NCI at other companies

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Segments

By segment

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Ambulatory Care$2.08B+6.6%
Hospital Operations$58M-93.0%

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:TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests.

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 redeemable NCI?
Tenet Healthcare (THC) reported redeemable NCI of $2.14B in Q1 2026.
How has Tenet Healthcare's redeemable NCI changed year-over-year?
Tenet Healthcare's redeemable NCI decreased by 23.0% year-over-year, from $2.78B to $2.14B.
What is the long-term trend for Tenet Healthcare's redeemable NCI?
Over 4 years (2021 to 2025), Tenet Healthcare's redeemable NCI has grown at a 7.6% compound annual growth rate (CAGR), from $2.2B to $2.96B.
What does redeemable NCI mean?
Equity stakes held by others that the company might be forced to buy back in the future.
How do you interpret redeemable NCI?
An increase indicates higher potential future cash obligations to minority partners, which could impact liquidity.
How does redeemable NCI compare across companies?
Common in healthcare companies that operate joint ventures or partnerships with physicians and other health systems.