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| 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 |
| 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 |