Tenet Healthcare (THC) Capital Expenditures (2012 - 2026)
Tenet Healthcare's Capital Expenditures was $168 million in Q2 2026, down 13.0% from $193 million a year earlier and down 6.7% 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 $992 million through Jun 30, 2026, up 8.8% 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%).
- The Q2 2026 figure marks the lowest quarterly Capital Expenditures since Q2 2024.
- Compared with a year earlier, Capital Expenditures was higher in six of the last eight quarters, with growth averaging 14.7%.
- The best year-over-year quarter for Capital Expenditures over five years was Q4 2021 (growth of 83.1%); the worst was Q4 2023 (a decline of 28.3%).
- Per Business Quant data, THC's Capital Expenditures in the three quarters before Q2 2026 was $180 million (Q1 2026), $364 million (Q4 2025) and $280 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 1.23 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 63.43 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 138.00 Mn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 131.60 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 11.76 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 168.00 Mn |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 6.13 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 220.30 Mn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 169.82 Mn |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 29.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 111.00 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();