Tenet Healthcare Corporation (THC) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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THC EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
THC Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 82.3% | 16.1% | 6.6% |
| 2024 | 39.7% | 28.8% | 15.5% |
| 2023 | 38.0% | 12.2% | 3.0% |
| 2022 | 36.8% | 12.2% | 2.1% |
| 2021 | 37.3% | 14.7% | 4.7% |
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Tenet Healthcare Corporation (THC) Earnings Overview
As of May 8, 2026, Tenet Healthcare Corporation (THC) reported trailing twelve-month net income of $1.70B, reflecting -52.6% year-over-year growth. The company earned $19.44 per diluted share over the past four quarters, with a net profit margin of 6.6%.
Looking at the long-term picture, THC's 5-year EPS compound annual growth rate (CAGR) stands at +32.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $3.20B in fiscal 2024.
Tenet Healthcare Corporation maintains positive profitability with a gross margin of 82.3%, operating margin of 16.1%, and net margin of 6.6%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including HCA ($6.78B net income, 9.0% margin), CYH (-$88M net income, 4.1% margin), UHS ($1.52B net income, 8.6% margin), THC has room to improve margins relative to the peer group. Compare THC vs HCA →
THC Earnings vs Peers
Earnings metrics vs comparable public companies
THC Historical Earnings Data (1989–2025)
36 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.41B | -56.0% | $3.44B | $15.49 | 6.6% | 16.1% |
| 2024 | $3.20B | +423.7% | $5.96B | $32.70 | 15.5% | 28.8% |
| 2023 | $611M | +48.7% | $2.51B | $5.71 | 3.0% | 12.2% |
| 2022 | $411M | -55.0% | $2.33B | $3.79 | 2.1% | 12.2% |
| 2021 | $914M | +129.1% | $2.87B | $8.42 | 4.7% | 14.7% |
| 2020 | $399M | +285.6% | $1.99B | $3.75 | 2.3% | 11.3% |
| 2019 | -$215M | -306.7% | $1.54B | $-2.24 | -1.2% | 8.3% |
| 2018 | $104M | +114.8% | $1.64B | $1.07 | 0.6% | 8.9% |
| 2017 | -$704M | -266.7% | $1.11B | $-7.00 | -3.7% | 5.8% |
| 2016 | -$192M | -37.1% | $1.25B | $-1.93 | -1.0% | 6.4% |
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Start ComparisonTHC — Frequently Asked Questions
Quick answers to the most common questions about buying THC stock.
Is THC growing earnings?
THC EPS fell to $19.44, with earnings declining -52.6%. This contrasts with the 5-year CAGR of +32.8%. TTM net income dropped to $1.7B.
What are THC's profit margins?
Tenet Healthcare Corporation net margin is +6.6%, with operating margin at +16.1%. Margins sit within typical range for the sector.
How consistent are THC's earnings?
THC earnings data spans 1989-2025. The declining earnings trend is -52.6% YoY. Historical data enables comparison across business cycles.