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| Date | Value |
|---|---|
| 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 |