KPIs & Operating Metrics(New)
Growth Metrics

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

Tenet Healthcare recorded quarterly Cost of Revenue of $961.0 million in Q1 2026, down 4.85% quarter-over-quarter from $1.0 billion in Q4 2025, and down 11.83% year-over-year from $1.1 billion in Q1 2025.

Tenet Healthcare's Cost of Revenue history runs 18 years deep, the most recent figure standing at $961.0 million for Q1 2026.

  • In Q1 2026, Cost of Revenue fell 11.83% year-over-year to $961.0 million; the TTM figure through Mar 2026 stood at $4.0 billion (down 13.58% YoY), while the FY2025 annual figure was $3.8 billion, down 15.85% from the prior year.
  • Cost of Revenue came in at $961.0 million for Q1 2026 at Tenet Healthcare, down from $1.0 billion in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $1.8 billion in Q4 2024 to a low of $811.0 million in Q2 2022.
  • A 5-year average of $1.0 billion and a median of $942.0 million in 2022 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue soared 90.66% in 2024 and tumbled 43.1% in 2025, its largest moves.
  • Tenet Healthcare's Cost of Revenue stood at $1.0 billion in 2022, then fell by 9.79% to $931.0 million in 2023, then jumped by 90.66% to $1.8 billion in 2024, then sank by 43.1% to $1.0 billion in 2025, then fell by 4.85% to $961.0 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $961.0 million, $1.0 billion, and $1.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 HCA Healthcare 84.64 Bn 87.02 Bn 16.26 Bn 2.85 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 961.00 Mn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 2.34 Bn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 241.90 Mn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 1.10 Bn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 1.28 Bn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 4.28 Bn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 441.75 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 1.07 Bn
10 Option Care Health 3.27 Bn 3.09 Bn 262.01 Mn 1.09 Bn

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
Sep 30, 2023 1.10 Bn
Sep 30, 2023 1.10 Bn
Jun 30, 2023 891.00 Mn
Jun 30, 2023 891.00 Mn
Mar 31, 2023 891.00 Mn
Mar 31, 2023 891.00 Mn
Dec 31, 2022 1.03 Bn
Dec 31, 2022 1.03 Bn
Sep 30, 2022 817.00 Mn
Sep 30, 2022 817.00 Mn
Jun 30, 2022 811.00 Mn
Jun 30, 2022 811.00 Mn
Mar 31, 2022 942.00 Mn
Mar 31, 2022 942.00 Mn
Dec 31, 2021 838.00 Mn
Dec 31, 2021 838.00 Mn
Sep 30, 2021 827.00 Mn
Sep 30, 2021 827.00 Mn
Jun 30, 2021 859.00 Mn
Jun 30, 2021 859.00 Mn
Mar 31, 2021 1.07 Bn
Mar 31, 2021 1.07 Bn
Dec 31, 2020 824.00 Mn
Dec 31, 2020 824.00 Mn
Sep 30, 2020 784.00 Mn
Sep 30, 2020 784.00 Mn
Jun 30, 2020 611.00 Mn
Jun 30, 2020 611.00 Mn
Mar 31, 2020 1.01 Bn
Mar 31, 2020 1.01 Bn
Dec 31, 2019 803.00 Mn
Dec 31, 2019 803.00 Mn
Sep 30, 2019 760.00 Mn
Sep 30, 2019 760.00 Mn
Jun 30, 2019 753.00 Mn
Jun 30, 2019 753.00 Mn
Mar 31, 2019 1.07 Bn
Mar 31, 2019 1.07 Bn
Dec 31, 2018 -177.00 Mn
Dec 31, 2018 -177.00 Mn
Sep 30, 2018 726.00 Mn
Sep 30, 2018 726.00 Mn
Jun 30, 2018 748.00 Mn
Jun 30, 2018 748.00 Mn
Mar 31, 2018 1.06 Bn
Mar 31, 2018 1.06 Bn
Dec 31, 2017 -381.00 Mn
Dec 31, 2017 -381.00 Mn
Sep 30, 2017 1.12 Bn
Sep 30, 2017 1.12 Bn
Jun 30, 2017 1.16 Bn
Jun 30, 2017 1.16 Bn
Mar 31, 2017 765.00 Mn
Mar 31, 2017 765.00 Mn
Dec 31, 2016 -562.00 Mn
Dec 31, 2016 -562.00 Mn
Sep 30, 2016 1.23 Bn
Sep 30, 2016 1.23 Bn
Jun 30, 2016 773.00 Mn
Jun 30, 2016 773.00 Mn
Mar 31, 2016 1.24 Bn
Mar 31, 2016 1.24 Bn
Dec 31, 2015 817.00 Mn
Dec 31, 2015 817.00 Mn
Sep 30, 2015 1.15 Bn
Sep 30, 2015 1.15 Bn
Jun 30, 2015 1.08 Bn
Jun 30, 2015 1.08 Bn
Mar 31, 2015 687.00 Mn
Mar 31, 2015 687.00 Mn
Dec 31, 2014 1.05 Bn
Dec 31, 2014 1.05 Bn
Sep 30, 2014 665.00 Mn
Sep 30, 2014 665.00 Mn
Jun 30, 2014 1.04 Bn
Jun 30, 2014 1.04 Bn
Mar 31, 2014 999.00 Mn
Mar 31, 2014 999.00 Mn
Dec 31, 2013 626.00 Mn
Dec 31, 2013 626.00 Mn
Sep 30, 2013 575.00 Mn
Sep 30, 2013 575.00 Mn
Jun 30, 2013 387.00 Mn
Jun 30, 2013 387.00 Mn
Mar 31, 2013 568.00 Mn
Mar 31, 2013 568.00 Mn
Dec 31, 2012 983.00 Mn
Dec 31, 2012 983.00 Mn
Sep 30, 2012 376.00 Mn
Sep 30, 2012 376.00 Mn
Jun 30, 2012 534.00 Mn
Jun 30, 2012 534.00 Mn
Mar 31, 2012 531.00 Mn
Mar 31, 2012 531.00 Mn
Dec 31, 2011 381.00 Mn
Dec 31, 2011 381.00 Mn
Sep 30, 2011 379.00 Mn
Sep 30, 2011 379.00 Mn
Jun 30, 2011 392.00 Mn
Jun 30, 2011 392.00 Mn
Mar 31, 2011 506.00 Mn
Mar 31, 2011 506.00 Mn
Dec 31, 2010 72.00 Mn
Dec 31, 2010 72.00 Mn
Sep 30, 2010 505.00 Mn
Sep 30, 2010 505.00 Mn
Jun 30, 2010 498.00 Mn
Jun 30, 2010 498.00 Mn
Mar 31, 2010 398.00 Mn
Mar 31, 2010 398.00 Mn
Dec 31, 2009 394.00 Mn
Dec 31, 2009 394.00 Mn
Sep 30, 2009 389.00 Mn
Sep 30, 2009 389.00 Mn
Jun 30, 2009 395.00 Mn
Jun 30, 2009 395.00 Mn