Tenet Healthcare Corporation (THC) Earnings History
Elite Compounder37 years of earnings data (1989–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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Tenet Healthcare Corporation (THC) Earnings Overview
As of September 25, 2026, Tenet Healthcare Corporation (THC) reported trailing twelve-month net income of $2.24B, reflecting -52.6% year-over-year growth. The company earned $26.69 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 ($6.84B net income, 9.0% margin), CYH (-$300M net income, 4.1% margin), UHS ($1.53B 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% |
| 2015 | -$140M | -1266.7% | $1.08B | $-1.41 | -0.8% | 5.8% |
| 2014 | $12M | +109.0% | $925M | $0.12 | 0.1% | 5.6% |
| 2013 | -$134M | -188.2% | $663M | $-1.32 | -1.2% | 6.0% |
| 2012 | $152M | +85.4% | $749M | $1.30 | 1.7% | 8.2% |
| 2011 | $82M | -92.8% | $653M | $0.48 | 0.9% | 7.5% |
| 2010 | $1.14B | +511.2% | $634M | $8.16 | 13.8% | 7.7% |
| 2009 | $187M | +648.0% | $596M | $1.48 | 2.1% | 6.6% |
| 2008 | $25M | +128.1% | $2.30B | $0.20 | 0.3% | 26.7% |
| 2007 | -$89M | +88.9% | $2.17B | $-0.76 | -1.1% | 26.9% |
| 2006 | -$803M | -10.9% | -$732M | $-6.84 | -9.5% | -8.7% |
| 2005 | -$724M | +74.2% | -$16M | $-6.16 | -8.7% | -0.2% |
| 2004 | -$2.81B | -79.4% | -$1.20B | $-24.08 | -32.0% | -13.7% |
| 2003 | -$1.56B | -299.2% | -$991M | $-9.60 | -15.6% | -9.9% |
| 2001 | $785M | +22.1% | $2.09B | $6.24 | 5.6% | 15.1% |
| 2000 | $643M | +112.9% | $1.55B | $5.25 | 5.3% | 12.8% |
| 1999 | $302M | +21.3% | $1.40B | $2.56 | 2.6% | 12.3% |
| 1998 | $249M | -4.6% | $1.30B | $2.11 | 2.3% | 12.0% |
| 1997 | $261M | +202.8% | $1.35B | $3.24 | 2.6% | 13.6% |
| 1996 | -$254M | -156.4% | $414M | $-2.24 | -2.9% | 4.8% |
| 1995 | $450M | +145.9% | $938M | $4.08 | 5.8% | 12.2% |
| 1994 | $183M | +143.0% | $428M | $2.43 | 5.5% | 12.9% |
| 1993 | -$425M | -365.7% | $314M | $-6.77 | -14.3% | 10.6% |
| 1992 | $160M | +53.8% | $400M | $2.43 | 4.3% | 10.6% |
| 1991 | $104M | -62.5% | $510M | $1.60 | 2.6% | 12.8% |
| 1990 | $277M | +14.5% | $569M | $4.11 | 7.3% | 15.0% |
| 1989 | $242M | - | $513M | $3.58 | 6.1% | 13.0% |
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THC — Frequently Asked Questions
Quick answers to the most common questions about buying THC stock.
What is THC earnings per share (EPS)?
THC trailing twelve-month (TTM) diluted EPS is $26.69, reflecting -52.6% year-over-year growth. The 5-year EPS CAGR is +32.8%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Tenet Healthcare Corporation's net income?
Tenet Healthcare Corporation (THC) trailing twelve-month net income is $2.2B as of 2025. Earnings declined -52.6% year-over-year. Tenet Healthcare Corporation has been profitable for 6 consecutive years.
Is THC profitable?
Yes, THC is profitable with a TTM net income of $2.2B and a net profit margin of +6.6%. Tenet Healthcare Corporation has generated profits for 6 consecutive years.
What is THC's earnings growth rate?
THC compound annual EPS growth rates (CAGR): 1-Year: -52.6%, 3-Year: +59.9%, 5-Year: +32.8%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are THC's profit margins?
Tenet Healthcare Corporation net profit margin is +6.6%, operating margin is +16.1%, and gross margin is +82.3%. Margins are within a typical range for the sector. Return on Equity is +16.1%.
Is THC growing earnings?
THC earnings are declining — EPS fell -52.6% year-over-year. TTM net income dropped to $2.2B. This contrasts with the 5-year CAGR of +32.8%.
What was THC's best earnings year?
Tenet Healthcare Corporation's highest annual net income on record is $3.2B, achieved in fiscal year 2024. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were THC's earnings last quarter?
THC's most recent reported quarter was Q2 2026. Net income was $826M with diluted EPS of $9.84. For a full breakdown of all quarters, see the quarterly earnings table on this page.