Tenet Healthcare (THC) Cash from Operations (2009 - 2026)
Tenet Healthcare (THC) reported Cash from Operations of $1.28 billion for Q3 2026, up 21.1% from $1.06 billion a year earlier and up 119.0% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Cash from Operations (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Tenet Healthcare's Cash from Operations came in at $4.24 billion, up 71.0% year-over-year; for FY2025, it came in at $3.54 billion, up 72.9% from FY2024.
- Cash from Operations has a five-year compound annual growth rate of 0.8% (FY2020 to FY2025).
- By year, Cash from Operations came in at $2.05 billion in FY2024 (-13.8%), $2.37 billion in FY2023 (+119.2%), $1.08 billion in FY2022 (-30.9%) and $1.57 billion in FY2021 (-54.0%).
- Five-year quarterly Cash from Operations spans a low of -$331 million in Q4 2024 and a high of $1.64 billion in Q1 2026.
- Year over year, Cash from Operations gained in five of the last six quarters, with growth averaging 25.1%.
- The high point for year-over-year Cash from Operations in five years was Q2 2023 (growth of 402.5%); the low point was Q1 2022 (a decline of 57.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $585 million (Q2 2026), $1.64 billion (Q1 2026) and $731 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | 4.46 Bn |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | 43.93 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 563.80 Mn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 611.00 Mn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 1.28 Bn |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | -23.71 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 204.32 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | 9.22 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | 362.00 Mn |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 518.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.28 Bn |
| Jun 30, 2026 | 585.00 Mn |
| Mar 31, 2026 | 1.64 Bn |
| Dec 31, 2025 | 731.00 Mn |
| Sep 30, 2025 | 1.06 Bn |
| Jun 30, 2025 | 936.00 Mn |
| Mar 31, 2025 | 815.00 Mn |
| Dec 31, 2024 | -331.00 Mn |
| Sep 30, 2024 | 1.05 Bn |
| Jun 30, 2024 | 747.00 Mn |
| Mar 31, 2024 | 586.00 Mn |
| Dec 31, 2023 | 824.00 Mn |
| Sep 30, 2023 | 503.00 Mn |
| Jun 30, 2023 | 598.00 Mn |
| Mar 31, 2023 | 449.00 Mn |
| Dec 31, 2022 | 421.00 Mn |
| Sep 30, 2022 | 315.00 Mn |
| Jun 30, 2022 | 119.00 Mn |
| Mar 31, 2022 | 228.00 Mn |
| Dec 31, 2021 | 357.00 Mn |
API Access
Tenet Healthcare Cash from Operations 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=cash-from-operations&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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=cash-from-operations&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();