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Tenet Healthcare THC Hospital Operations — Net Income

Other segment segments

Ambulatory Care
$97M+4.3%

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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:NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest.

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, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Hospital Operations$9$12$19$24
Ambulatory Care9793180176
Total net income available to nonredeemable noncontrolling interests$106$105$199$200

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's hospital operations — net income?
Tenet Healthcare (THC) reported hospital operations — net income of $9M in Q2 2026.
How has Tenet Healthcare's hospital operations — net income changed year-over-year?
Tenet Healthcare's hospital operations — net income decreased by 25.0% year-over-year, from $12M to $9M.
What is the long-term trend for Tenet Healthcare's hospital operations — net income?
Over 4 years (2021 to 2025), Tenet Healthcare's hospital operations — net income has grown at a 21.0% compound annual growth rate (CAGR), from $21M to $45M.
What does hospital operations — net income mean?
The bottom-line profitability of the Hospital Operations segment after accounting for all operating expenses, taxes, and interest specific to this business unit. It measures the segment's ability to generate value from its core clinical and outpatient services.

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