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Tenet Healthcare THC Uninsured — Net operating revenues

Other product segments

Total
$3.47B-0.2%
Managed care
$2.39B-0.3%
Other revenues
$574M+4.6%
Medicare
$565M+3.1%
Medicaid
$356M-6.3%
Indemnity and other
$150M+28.2%

Similar metrics at other companies

HCA Healthcare logo
HCAManaged Care And Other Insurers — Revenues From Third Party Payers
$9.08B+0.5%
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HCAMedicaid — Revenues From Third Party Payers
$1.44B+21.3%
DaVita logo
DVAReportable Legal Entities — Health Care Organization Patient Service Revenue Less Provision For Bad Debts
$1.8B+22.5%
DaVita logo
DVAReportable Legal Entities — Health Care Organization Patient Service Revenue
$1.79B+17.0%
BrightSpring Health Services, Inc. logo
BTSGService — Revenue
$442.37M+27.9%
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DVAOperating Segments — Health Care Organization Patient Service Revenue
$2.61B+7.2%

Other financials

Income statement

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Revenue$5.4B+2.8%
Operating income$1.3B+37.4%
Net income$906.0M+45.7%
EPS (diluted)$8.01+87.6%

Balance sheet

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Cash & equivalents$3.0B-1.1%
Total debt$13.3B+0.2%
Total equity$4.8B+15.1%
Total assets$31.2B+6.7%

Cash flow

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Operating cash flow$1.6B+101%
CapEx$180.0M+4.0%
Free cash flow$1.5B+128%

Valuation

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Market cap$14.86B
Enterprise value$25.19B
P/E5.6×
P/S0.7×

Profitability

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Operating margin18%+0.4pp
Net margin12.4%+0.9pp
FCF margin15.6%

Returns & leverage

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Return on equity58.9%-2.7pp
Debt / equity2.8×-0.4×
Current ratio1.4×-0.4×

Where this comes from

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Tenet Healthcare’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tenet Healthcare's uninsured — net operating revenues?
Tenet Healthcare (THC) reported uninsured — net operating revenues of $9M in Q1 2026.
How has Tenet Healthcare's uninsured — net operating revenues changed year-over-year?
Tenet Healthcare's uninsured — net operating revenues decreased by 74.3% year-over-year, from $35M to $9M.
What is the long-term trend for Tenet Healthcare's uninsured — net operating revenues?
Over 4 years (2021 to 2025), Tenet Healthcare's uninsured — net operating revenues has grown at a -28.5% compound annual growth rate (CAGR), from $199M to $52M.
What does uninsured — net operating revenues mean?
Total revenue earned from patients who pay for their own medical services without insurance coverage.
How do you interpret uninsured — net operating revenues?
An increase may indicate higher patient volume from uninsured populations or changes in eligibility, while a decrease often reflects shifts toward insured coverage or stricter credit policies.
How does uninsured — net operating revenues compare across companies?
Peers in the hospital and outpatient sector report this as self-pay revenue, though definitions vary based on how they account for charity care and contractual adjustments.