Tenet Healthcare THC Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Net operating revenues by Business | ||||||
| Ambulatory Care | $5.3B+2.4% | $5.17B+3.5% | $5B+2.8% | $4.86B+2.7% | $4.73B+4.4% | |
| Hospital Operations | $16.16B+0.1% | $16.14B+1.8% | $15.86B+0.2% | $15.83B+0.2% | $15.8B-2.1% | |
| Net Income by Business | ||||||
| Ambulatory Care | $381M0.0% | $381M+1.6% | $375M+4.5% | $359M+2.3% | $351M+2.9% | |
| Hospital Operations | $43M-4.4% | $45M-6.3% | $48M-9.4% | $53M0.0% | $53M+6.0% | |
| Equity, Including Portion Attributable to Noncontrolling Interest by Business | ||||||
| Ambulatory Care | $6.35B+3.2% | $6.15B+2.4% | $6.01B+3.0% | $5.83B+2.3% | $5.7B+3.3% | |
| Hospital Operations | $846M+0.8% | $839M+0.7% | $833M0.0% | $833M+1.7% | $819M+3.3% | |
| Net income available to redeemable noncontrolling interests by Business | ||||||
| Ambulatory Care | $440M+3.8% | $424M+3.4% | $410M+2.5% | $400M+3.4% | $387M+3.8% | |
| Hospital Operations | $84M-23.6% | $110M+1.9% | $108M+6.9% | $101M-4.7% | $106M+6.0% | |
| Adjusted Earnings before Interest Tax Depreciation and Amortization by Business | ||||||
| Ambulatory Care | $2.05B+1.4% | $2.03B+2.5% | $1.98B+2.8% | $1.92B+2.7% | $1.87B+3.4% | |
| Hospital Operations | $2.51B-1.1% | $2.54B+3.5% | $2.46B+2.8% | $2.39B+5.5% | $2.26B+3.5% | |
| Total Assets by Business | ||||||
| Ambulatory Care | $51.88B+1.8% | $50.96B+1.8% | $50.08B+1.7% | $49.23B+1.2% | $48.66B+1.1% | |
| Hospital Operations | $67.12B+1.6% | $66.07B-0.2% | $66.21B-1.2% | $67.01B-1.7% | $68.15B-0.3% | |
| Other operating expenses, net by Business | ||||||
| Ambulatory Care | $785M+2.7% | $764M+5.4% | $725M+3.7% | $699M+2.3% | $683M+5.1% | |
| Hospital Operations | $3.77B+0.3% | $3.76B+2.1% | $3.68B-0.5% | $3.7B-1.2% | $3.75B-2.5% | |
| Equity in earnings of unconsolidated affiliates by Business | ||||||
| Ambulatory Care | $255M-1.2% | $258M+2.8% | $251M+0.8% | $249M+0.4% | $248M-0.8% | |
| Hospital Operations | $4M-33.3% | $6M-25.0% | $8M0.0% | $8M-11.1% | $9M-10.0% | |
| Goodwill, Acquired During Period And Purchase Accounting Adjustments by Business | ||||||
| Ambulatory Care | $601M+18.5% | $507M-11.1% | $570M+60.1% | $356M— | —— | |
| Hospital Operations | $0— | $0— | —— | —— | —— | |
| Salaries, wages and benefits by Business | ||||||
| Ambulatory Care | $1.3B+2.8% | $1.27B+2.8% | $1.23B+0.5% | $1.23B+2.5% | $1.2B+5.1% | |
| Hospital Operations | $7.46B+0.3% | $7.44B+1.3% | $7.35B-0.3% | $7.37B-0.5% | $7.4B-3.4% | |
| Goodwill by Business | ||||||
| Ambulatory Care | $33.89B+1.8% | $33.29B+1.5% | $32.78B+1.8% | $32.21B+1.0% | $31.9B+1.1% | |
| Hospital Operations | $10.79B0.0% | $10.79B0.0% | $10.79B0.0% | $10.79B-1.6% | $10.96B-1.2% | |
| Temporary Equity, Including Noncontrolling Interest by Business | ||||||
| Ambulatory Care | $8.14B+1.6% | $8.01B+1.6% | $7.89B+2.1% | $7.72B+0.9% | $7.65B+1.3% | |
| Hospital Operations | $2.7B-22.2% | $3.46B+3.1% | $3.36B+3.2% | $3.25B-1.7% | $3.31B-1.6% | |
| D&A by Business | ||||||
| Ambulatory Care | $154M+1.3% | $152M+7.0% | $142M-1.4% | $144M+1.4% | $142M+6.0% | |
| Hospital Operations | $732M+3.0% | $711M+4.1% | $683M+1.6% | $672M-0.3% | $674M-1.5% | |
| Supplies by Business | ||||||
| Ambulatory Care | $1.41B+2.8% | $1.38B+4.4% | $1.32B+4.2% | $1.26B+2.7% | $1.23B+3.7% | |
| Hospital Operations | $2.42B+0.6% | $2.41B+0.9% | $2.38B-0.1% | $2.39B-0.4% | $2.4B-2.6% | |
| CapEx by Business | ||||||
| Ambulatory Care | $131M+5.6% | $124M+11.7% | $111M+9.9% | $101M+8.6% | $93M+8.1% | |
| Hospital Operations | $886M0.0% | $886M+2.4% | $865M+6.7% | $811M+5.2% | $771M-8.8% | |
| Net operating revenues by Product | ||||||
| Indemnity and other | $584M+6.0% | $551M+15.3% | $478M+1.9% | $469M-3.3% | $485M-7.1% | |
| Managed care | $9.69B-0.1% | $9.7B+1.6% | $9.54B-0.5% | $9.59B+0.4% | $9.55B-2.6% | |
| Medicaid | $1.5B-1.6% | $1.52B+3.0% | $1.48B+4.4% | $1.42B+0.6% | $1.41B-2.2% | |
| Medicare | $2.14B+0.8% | $2.12B+1.4% | $2.09B+0.4% | $2.08B+0.6% | $2.07B-2.9% | |
| Other revenues | $2.22B+1.1% | $2.2B0.0% | $2.2B-0.3% | $2.2B0.0% | $2.2B+1.2% | |
| Total | $13.94B0.0% | $13.94B+2.0% | $13.66B+0.2% | $13.63B+0.3% | $13.6B-2.6% | |
| Uninsured | $26M-50.0% | $52M-29.7% | $74M+7.2% | $69M-13.8% | $80M+25.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Tenet Healthcare break its business down?
- Tenet Healthcare (THC) reports net operating revenues by business across 2 parts — Ambulatory Care and Hospital Operations. Each is extracted from the segment footnotes and tracked over time.
- Where does Tenet Healthcare's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Tenet Healthcare's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
