Tenet Healthcare (THC) Cost of Revenue (2009 - 2026)

Tenet Healthcare (THC) posted Cost of Revenue of $961.0 million for Q1 2026, down 4.85% sequentially from $1.0 billion in Q4 2025, and down 11.83% YoY from $1.1 billion in Q1 2025.

Tenet Healthcare (THC) Cost of Revenue (2009 - 2026) Analysis & Trends

Tenet Healthcare (THC) has 18 years of Cost of Revenue data on file, last reported at $961.0 million in Q1 2026.

  • Quarterly Cost of Revenue fell 11.83% year-over-year to $961.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.0 billion (down 13.58% YoY) and the FY2025 annual result came in at $3.8 billion, down 15.85% from the prior year.
  • Cost of Revenue fell to $961.0 million in Q1 2026 per THC's latest filing, from $1.0 billion in the prior quarter.
  • The five-year high for Cost of Revenue was $1.8 billion in Q4 2024, with the low at $811.0 million in Q2 2022.
  • Average Cost of Revenue over 5 years is $1.0 billion, with a median of $942.0 million recorded in 2022.
  • Year-over-year, Cost of Revenue soared 90.66% in 2024 and slumped 43.1% in 2025.
  • Tenet Healthcare's Cost of Revenue stood at $1.0 billion in 2022, then decreased by 9.79% to $931.0 million in 2023, then soared by 90.66% to $1.8 billion in 2024, then tumbled by 43.1% to $1.0 billion in 2025, then decreased by 4.85% to $961.0 million in 2026.
  • Business Quant data shows THC's Cost of Revenue at $961.0 million in Q1 2026, $1.0 billion in Q4 2025, and $1.1 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 2.85 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 441.75 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 961.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.34 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 241.90 Mn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.10 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 1.28 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.07 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -31.50 Mn
10 Brookdale Senior Living 3.76 Bn 3.50 Bn 727.83 Mn 37.03 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 961.00 Mn
Mar 31, 2026 961.00 Mn
Dec 31, 2025 1.01 Bn
Dec 31, 2025 1.01 Bn
Sep 30, 2025 1.12 Bn
Sep 30, 2025 1.12 Bn
Jun 30, 2025 932.00 Mn
Jun 30, 2025 932.00 Mn
Mar 31, 2025 1.09 Bn
Mar 31, 2025 1.09 Bn
Dec 31, 2024 1.78 Bn
Dec 31, 2024 1.78 Bn
Sep 30, 2024 881.00 Mn
Sep 30, 2024 881.00 Mn
Jun 30, 2024 908.00 Mn
Jun 30, 2024 908.00 Mn
Mar 31, 2024 1.15 Bn
Mar 31, 2024 1.15 Bn
Dec 31, 2023 931.00 Mn
Dec 31, 2023 931.00 Mn