Tenet Healthcare (THC) Capital Expenditures (2012 - 2026)
Tenet Healthcare's Capital Expenditures was $198 million in Q3 2026, down 29.3% from $280 million a year earlier but up 17.9% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Capital Expenditures (2012 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tenet Healthcare's Capital Expenditures was $910 million through Sep 30, 2026, down 6.8% year-over-year; for FY2025, it came in at $1.01 billion, up 8.5% from FY2024.
- Capital Expenditures shows a five-year compound annual growth rate of 13.3% (FY2020 to FY2025).
- In earlier years, Capital Expenditures was $931 million in FY2024 (+24.0%), $751 million in FY2023 (-1.4%), $762 million in FY2022 (+15.8%) and $658 million in FY2021 (+21.9%).
- Quarterly Capital Expenditures has moved between $132 million (Q2 2023) and $364 million (Q4 2025) over five years.
- Compared with a year earlier, Capital Expenditures was higher in five of the last eight quarters, with growth averaging 8.2%.
- The best year-over-year quarter for Capital Expenditures over five years was Q4 2021 (growth of 83.1%); the worst was Q3 2026 (a decline of 29.3%).
- Per Business Quant data, THC's Capital Expenditures in the three quarters before Q3 2026 was $168 million (Q2 2026), $180 million (Q1 2026) and $364 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | 1.36 Bn |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | 38.68 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 151.60 Mn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 166.00 Mn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 198.00 Mn |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | 13.48 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 22.09 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | 9.34 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | 234.50 Mn |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 159.49 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 198.00 Mn |
| Jun 30, 2026 | 168.00 Mn |
| Mar 31, 2026 | 180.00 Mn |
| Dec 31, 2025 | 364.00 Mn |
| Sep 30, 2025 | 280.00 Mn |
| Jun 30, 2025 | 193.00 Mn |
| Mar 31, 2025 | 173.00 Mn |
| Dec 31, 2024 | 330.00 Mn |
| Sep 30, 2024 | 216.00 Mn |
| Jun 30, 2024 | 145.00 Mn |
| Mar 31, 2024 | 240.00 Mn |
| Dec 31, 2023 | 208.00 Mn |
| Sep 30, 2023 | 176.00 Mn |
| Jun 30, 2023 | 132.00 Mn |
| Mar 31, 2023 | 235.00 Mn |
| Dec 31, 2022 | 290.00 Mn |
| Sep 30, 2022 | 165.00 Mn |
| Jun 30, 2022 | 152.00 Mn |
| Mar 31, 2022 | 155.00 Mn |
| Dec 31, 2021 | 304.00 Mn |
API Access
Tenet Healthcare Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();