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Tenet Healthcare THC Hospital Operations — Net income available to redeemable noncontrolling interests

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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:TemporaryEquityNetIncome.

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 itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Hospital Operations$(1)$54
Ambulatory Care225196
Net income available to redeemable noncontrolling interests$224$250

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's hospital operations — net income available to redeemable noncontrolling interests?
Tenet Healthcare (THC) reported hospital operations — net income available to redeemable noncontrolling interests of -$2M in Q2 2026.
How has Tenet Healthcare's hospital operations — net income available to redeemable noncontrolling interests changed year-over-year?
Tenet Healthcare's hospital operations — net income available to redeemable noncontrolling interests decreased by 107.4% year-over-year, from $27M to -$2M.
What is the long-term trend for Tenet Healthcare's hospital operations — net income available to redeemable noncontrolling interests?
Over 3 years (2021 to 2025), Tenet Healthcare's hospital operations — net income available to redeemable noncontrolling interests has grown at a 5.8% compound annual growth rate (CAGR), from $93M to $110M.
What does hospital operations — net income available to redeemable noncontrolling interests mean?
The portion of the Hospital Operations segment's net income that is allocated to minority partners holding redeemable equity interests. This reflects the earnings distribution obligations to non-parent stakeholders.

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