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Tenet Healthcare THC Ambulatory Care — Other operating expenses, net

Other segment segments

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$971M+4.0%

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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 us-gaap:OtherCostAndExpenseOperating.

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, 2026 / Hospital OperationsThree Months Ended June 30, 2026 / Ambulatory CareThree Months Ended June 30, 2026 / TotalSix Months Ended June 30, 2026 / Hospital OperationsSix Months Ended June 30, 2026 / Ambulatory CareSix Months Ended June 30, 2026 / Total
Less:
Salaries, wages and benefits1,8933382,2313,7376684,405
Supplies6153699841,2197261,945
Other operating expenses, net9712031,1741,8934032,296
Adjusted EBITDA$762$5421,304$1,440$1,0262,466
Reconciliation of Adjusted EBITDA:
Revenue from contract termination413826
Depreciation and amortization(215)(444)

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's ambulatory care — other operating expenses, net?
Tenet Healthcare (THC) reported ambulatory care — other operating expenses, net of $203M in Q2 2026.
How has Tenet Healthcare's ambulatory care — other operating expenses, net changed year-over-year?
Tenet Healthcare's ambulatory care — other operating expenses, net increased by 9.7% year-over-year, from $185M to $203M.
What is the long-term trend for Tenet Healthcare's ambulatory care — other operating expenses, net?
Over 3 years (2022 to 2025), Tenet Healthcare's ambulatory care — other operating expenses, net has grown at a 20.4% compound annual growth rate (CAGR), from $438M to $764M.
What does ambulatory care — other operating expenses, net mean?
Miscellaneous operating costs for the ambulatory care segment, including rent, utilities, insurance, and administrative overhead, net of any minor operating income items. This captures the fixed and variable overhead required to operate outpatient facilities.

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