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Tenet Healthcare THC Ambulatory Care — Number of outpatient centers operated

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Other financials

Income statement

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Revenue$5.6B+6.8%
Operating income$1.5B+82.4%
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 thc:NumberOfOutpatientCentersRecordedNotUsingEquityMethod.

The source filing: Tenet Healthcare’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000070318-26-000026

As of March 31, 2026, we controlled 415 of the facilities in our Ambulatory Care segment and, therefore, consolidated their results. We account for many of the facilities in which our Ambulatory Care segment holds ownership interests (152 of 567 at March 31, 2026), as well as additional companies in which our Hospital Operations segment holds ownership interests, under the equity method as investments in unconsolidated affiliates and report only our share of net income as equity in earnings of unconsolidated affiliates in our condensed consolidated statements of operations. Summarized financial information for equity method investees is presented in the following table. For investments acquired during the reported periods, amounts in the table include 100% of the investee’s results beginning on the date of our acquisition of the investment.

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's ambulatory care — number of outpatient centers operated?
Tenet Healthcare (THC) reported ambulatory care — number of outpatient centers operated of 415 in Q1 2026.
How has Tenet Healthcare's ambulatory care — number of outpatient centers operated changed year-over-year?
Tenet Healthcare's ambulatory care — number of outpatient centers operated increased by 7.2% year-over-year, from 387 to 415.
What is the long-term trend for Tenet Healthcare's ambulatory care — number of outpatient centers operated?
Over 2 years (2022 to 2025), Tenet Healthcare's ambulatory care — number of outpatient centers operated has grown at a 15.2% compound annual growth rate (CAGR), from 308 to 409.
What does ambulatory care — number of outpatient centers operated mean?
The total number of outpatient centers under the operational control of the segment, regardless of ownership structure. This provides a comprehensive view of the segment's service delivery capacity.

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