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Tenet Healthcare THC Total Revenue

Total Revenue at other companies

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$4.64B+8.3%
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$3.61B+25.6%

Segments

By product

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Total$3.67B+6.2%
Managed care$2.47B+1.9%
Other revenues$572M+4.4%
Medicare$534M+0.8%
Medicaid$505M+33.2%
Indemnity and other$159M+31.4%

By segment

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Hospital Operations$4.24B+6.0%
Ambulatory Care$1.39B+9.3%

Other financials

Income statement

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Net operating revenues$5,628$5,271$10,996$10,494
Revenue from contract termination413826
Equity in earnings of unconsolidated affiliates6561116117
Operating expenses:
Salaries, wages and benefits2,2312,1604,4054,279
Supplies9849321,9451,839
Other operating expenses, net1,1741,1192,2962,209
Depreciation and amortization215208444414

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's total revenue?
Tenet Healthcare (THC) reported total revenue of $5.63B in Q2 2026.
How has Tenet Healthcare's total revenue changed year-over-year?
Tenet Healthcare's total revenue increased by 6.8% year-over-year, from $5.27B to $5.63B.
What is the long-term trend for Tenet Healthcare's total revenue?
Over 4 years (2021 to 2025), Tenet Healthcare's total revenue has grown at a 2.3% compound annual growth rate (CAGR), from $19.49B to $21.31B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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