Tenet Healthcare (THC) Cash from Operations (2009 - 2026)
Tenet Healthcare (THC) reported Cash from Operations of $585 million for Q2 2026, down 37.5% from $936 million a year earlier and down 64.4% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Cash from Operations (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Tenet Healthcare's Cash from Operations came in at $4.02 billion, up 62.9% 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%).
- The Q2 2026 figure ranks as the lowest quarterly Cash from Operations since Q4 2024.
- Year over year, Cash from Operations gained in five of the last six quarters, with growth averaging 39.5%.
- 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 Q2 2026 came in at $1.64 billion (Q1 2026), $731 million (Q4 2025) and $1.06 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 2.34 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 54.79 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 597.00 Mn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 445.50 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -57.78 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 585.00 Mn |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -7.53 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 282.60 Mn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 490.07 Mn |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 43.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 432.00 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();