Tenet Healthcare Corporation (THC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 5.37B | 5.53B | 5.29B | 5.27B | 5.22B | 5.07B | 5.12B | 5.1B | 5.37B | 5.38B | 5.07B | 5.08B | 5.02B | 4.99B | 4.8B | 4.64B | 4.75B | 4.86B | 4.89B | 4.95B |
| Revenue Growth % | 2.78% | 8.97% | 3.26% | 3.29% | -2.7% | -5.71% | 1.11% | 0.41% | 6.91% | 7.8% | 5.52% | 9.57% | 5.82% | 2.76% | -1.9% | -6.38% | -0.75% | -1.2% | 7.4% | 35.8% |
| Cost of Goods Sold | 4.49B | 4.66B | 2.2B | 932M | 907M | 3.03B | 3.1B | 3.08B | 3.25B | 3.25B | 3.17B | 3.18B | 3.15B | 3.17B | 3.05B | 2.94B | 2.97B | 3.03B | 3.04B | 3.14B |
| COGS % of Revenue | 83.57% | 84.28% | 41.67% | 17.68% | 17.37% | 59.66% | 60.54% | 60.32% | 60.56% | 60.38% | 62.5% | 62.53% | 62.76% | 63.49% | 63.51% | 63.39% | 62.57% | 62.38% | 62.08% | 63.42% |
| Gross Profit | 882M | 869M | 3.08B | 4.34B | 4.32B | 2.05B | 2.02B | 2.02B | 2.12B | 2.13B | 1.9B | 1.9B | 1.87B | 1.82B | 1.75B | 1.7B | 1.78B | 1.83B | 1.86B | 1.81B |
| Gross Margin % | 16.43% | 15.72% | 58.33% | 82.32% | 82.63% | 40.34% | 39.46% | 39.68% | 39.44% | 39.62% | 37.5% | 37.47% | 37.24% | 36.51% | 36.49% | 36.61% | 37.43% | 37.62% | 37.92% | 36.58% |
| Gross Profit Growth % | -79.56% | -57.53% | 52.65% | 114.27% | 103.87% | -3.99% | 6.37% | 6.35% | 13.21% | 16.96% | 8.45% | 12.13% | 5.29% | -0.27% | -5.6% | -6.29% | 0% | -1.93% | 13.93% | 54.74% |
| Operating Expenses | 0 | 0 | 2.2B | 3.52B | 3.42B | 1.23B | 932M | 1.26B | -1.17B | 1.4B | 1.33B | 1.3B | 1.27B | 1.29B | 1.16B | 1.15B | 1.13B | 1.08B | 842M | 1.23B |
| OpEx % of Revenue | - | - | 41.52% | 66.7% | 65.38% | 24.15% | 18.2% | 24.77% | -21.76% | 25.95% | 26.29% | 25.58% | 25.23% | 25.77% | 24.08% | 24.69% | 23.77% | 22.16% | 17.2% | 24.75% |
| Selling, General & Admin | 2.17B | 0 | 2.2B | 2.16B | 2.12B | 417M | 107M | 105M | 103M | 418M | 104M | 103M | 99M | 412M | 104M | 99M | 100M | 119M | 99M | 102M |
| SG&A % of Revenue | 40.5% | - | 41.67% | 40.98% | 40.57% | 8.22% | 2.09% | 2.06% | 1.92% | 7.77% | 2.05% | 2.03% | 1.97% | 8.26% | 2.17% | 2.13% | 2.11% | 2.45% | 2.02% | 2.06% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 882M | 869M | 889M | 823M | 901M | 821M | 1.09B | 761M | 3.29B | 735M | 568M | 604M | 603M | 536M | 596M | 553M | 648M | 751M | 1.01B | 586M |
| Operating Margin % | 16.43% | 15.72% | 16.81% | 15.61% | 17.25% | 16.19% | 21.26% | 14.91% | 61.2% | 13.66% | 11.21% | 11.89% | 12.01% | 10.74% | 12.41% | 11.92% | 13.66% | 15.47% | 20.72% | 11.83% |
| Operating Income Growth % | -2.11% | 5.85% | -18.37% | 8.15% | -72.57% | 11.7% | 91.73% | 25.99% | 444.78% | 37.13% | -4.7% | 9.22% | -6.94% | -28.63% | -41.22% | -5.63% | 24.62% | -18.37% | 274.17% | 24.42% |
| EBITDA | 1.11B | 1.1B | 1.11B | 1.03B | 1.11B | 1.01B | 1.3B | 969M | 3.49B | 951M | 792M | 817M | 820M | 749M | 805M | 769M | 851M | 952M | 1.22B | 807M |
| EBITDA Margin % | 20.7% | 19.9% | 20.93% | 19.56% | 21.19% | 19.99% | 25.34% | 18.99% | 65.07% | 17.68% | 15.63% | 16.08% | 16.33% | 15.01% | 16.77% | 16.58% | 17.93% | 19.6% | 24.99% | 16.29% |
| EBITDA Growth % | 0.36% | 8.48% | -14.71% | 6.4% | -68.31% | 6.62% | 63.89% | 18.6% | 325.98% | 26.97% | -1.61% | 6.24% | -3.64% | -21.32% | -34.18% | -4.71% | 14.38% | -17.43% | 151.65% | 19.2% |
| D&A (Non-Cash Add-back) | 229M | 231M | 218M | 208M | 206M | 193M | 209M | 208M | 208M | 216M | 224M | 213M | 217M | 213M | 209M | 216M | 203M | 201M | 209M | 221M |
| EBIT | 882M | 869M | 918M | 848M | 969M | 858M | 1.12B | 790M | 3.3B | 746M | 572M | 599M | 601M | 540M | 602M | 487M | 605M | 749M | 1B | 554M |
| Net Interest Income | -205M | -205M | -206M | -206M | -204M | -203M | -202M | -203M | -218M | -227M | -227M | -226M | -221M | -219M | -222M | -222M | -227M | -221M | -227M | -235M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 205M | 205M | 206M | 206M | 204M | 203M | 202M | 203M | 218M | 227M | 227M | 226M | 221M | 219M | 222M | 222M | 227M | 221M | 227M | 235M |
| Other Income/Expense | 250M | -188M | -177M | -181M | -136M | -166M | -167M | -174M | -201M | -216M | -223M | -231M | -223M | -215M | -216M | -288M | -270M | -223M | -240M | -267M |
| Pretax Income | 1.13B | 681M | 712M | 642M | 765M | 655M | 922M | 587M | 3.08B | 519M | 345M | 373M | 380M | 321M | 380M | 265M | 378M | 528M | 774M | 319M |
| Pretax Margin % | 21.09% | 12.32% | 13.46% | 12.18% | 14.65% | 12.91% | 18% | 11.5% | 57.45% | 9.65% | 6.81% | 7.34% | 7.57% | 6.43% | 7.92% | 5.71% | 7.97% | 10.87% | 15.82% | 6.44% |
| Income Tax | 226M | 37M | 133M | 120M | 143M | 83M | 241M | 110M | 750M | 63M | 79M | 80M | 84M | 47M | 112M | 86M | 99M | 108M | 197M | 61M |
| Effective Tax Rate % | 19.96% | 5.43% | 18.68% | 18.69% | 18.69% | 12.67% | 26.14% | 18.74% | 24.32% | 12.14% | 22.9% | 21.45% | 22.11% | 14.64% | 29.47% | 32.45% | 26.19% | 20.45% | 25.45% | 19.12% |
| Net Income | 702M | 371M | 342M | 288M | 406M | 318M | 472M | 259M | 2.15B | 244M | 101M | 123M | 143M | 102M | 131M | 38M | 140M | 249M | 449M | 119M |
| Net Margin % | 13.08% | 6.71% | 6.47% | 5.46% | 7.77% | 6.27% | 9.22% | 5.08% | 40.07% | 4.54% | 1.99% | 2.42% | 2.85% | 2.04% | 2.73% | 0.82% | 2.95% | 5.13% | 9.17% | 2.4% |
| Net Income Growth % | 72.91% | 16.67% | -27.54% | 11.2% | -81.13% | 30.33% | 367.33% | 110.57% | 1404.2% | 139.22% | -22.9% | 223.68% | 2.14% | -59.04% | -70.82% | -68.07% | 44.33% | -39.86% | 329.08% | 35.23% |
| Net Income (Continuing) | 906M | 644M | 579M | 522M | 622M | 572M | 681M | 477M | 2.33B | 456M | 266M | 293M | 296M | 274M | 268M | 179M | 279M | 420M | 577M | 258M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K | -1000K |
| Minority Interest | 4.04B | 4.75B | 4.69B | 4.55B | 4.47B | 4.38B | 4.24B | 4.39B | 4.22B | 3.9B | 3.72B | 3.66B | 3.57B | 3.47B | 3.34B | 3.02B | 3.36B | 3.23B | 2.96B | 2.94B |
| EPS (Diluted) | 8.01 | 4.22 | 3.86 | 3.14 | 4.27 | 3.32 | 4.89 | 2.64 | 21.38 | 2.30 | 0.94 | 1.15 | 1.32 | 0.92 | 1.16 | 0.35 | 1.28 | 2.29 | 4.13 | 1.10 |
| EPS Growth % | 87.59% | 27.11% | -21.06% | 18.94% | -80.03% | 44.35% | 420.21% | 129.57% | 1519.7% | 150% | -18.97% | 228.57% | 3.13% | -59.83% | -71.91% | -68.18% | 42.22% | -40.67% | 322.04% | 32.53% |
| EPS (Basic) | 8.09 | 4.25 | 3.89 | 3.16 | 4.31 | 3.34 | 4.93 | 2.66 | 21.60 | 2.42 | 0.99 | 1.21 | 1.40 | 0.98 | 1.21 | 0.35 | 1.30 | 2.32 | 4.19 | 1.11 |
| Diluted Shares Outstanding | 87.6M | 87.92M | 88.61M | 91.79M | 95.02M | 95.88M | 96.65M | 98.44M | 100.6M | 104.17M | 104.42M | 104.78M | 106.01M | 106.37M | 109.89M | 108.75M | 112.02M | 108.89M | 108.76M | 108.57M |
| Basic Shares Outstanding | 86.8M | 87.27M | 87.95M | 91.14M | 94.24M | 95.1M | 95.67M | 97.27M | 99.58M | 100.96M | 101.54M | 101.77M | 102.29M | 104.52M | 107.92M | 107.79M | 107.48M | 107.15M | 107.05M | 106.82M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |