Tenet Healthcare (THC) EBIT Margin (2009 - 2026)
Tenet Healthcare's (THC) quarterly EBIT Margin came in at 24.14% in Q1 2026, up 609.0% year-on-year from 3.41% in Q1 2025, and up 56.43% quarter-over-quarter from 15.43% in Q4 2025.
Tenet Healthcare (THC) EBIT Margin (2009 - 2026) Analysis & Trends
Tenet Healthcare has disclosed EBIT Margin across 18 years of filings, most recently posting 24.14% for Q1 2026.
- EBIT Margin for Q1 2026 came in at 24.14%, up 609.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.0% (up 39.0% YoY), and the FY2025 annual result was 16.46%, down 1235.0% from the prior year.
- EBIT Margin came in at 24.14% for Q1 2026 at Tenet Healthcare, up from 15.43% in the prior quarter.
- In the past five years, EBIT Margin ranged from a high of 61.2% in Q1 2024 to a low of 10.74% in Q4 2022.
- The 5-year median for EBIT Margin is 14.9% (2024), against an average of 17.71%.
- Across the five-year window, EBIT Margin jumped 4919 bps in 2024 and tumbled 4314 bps in 2025, its largest moves.
- Tenet Healthcare's EBIT Margin stood at 10.74% in 2022, then climbed by 27 bps to 13.62% in 2023, then grew by 19 bps to 16.18% in 2024, then slipped by 5 bps to 15.43% in 2025, then jumped by 56 bps to 24.14% in 2026.
- The last three EBIT Margin figures came in at 24.14% (Q1 2026), 15.43% (Q4 2025), and 16.81% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -2.96% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 24.14% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 14.11% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 3.76% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 8.99% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 11.19% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 9,308.50% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 12.86% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 8.45% |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 16.79% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.14% |
| Dec 31, 2025 | 15.43% |
| Sep 30, 2025 | 16.81% |
| Jun 30, 2025 | 15.61% |
| Mar 31, 2025 | 18.05% |
| Dec 31, 2024 | 16.18% |
| Sep 30, 2024 | 21.24% |
| Jun 30, 2024 | 14.90% |
| Mar 31, 2024 | 61.20% |
| Dec 31, 2023 | 13.62% |
| Sep 30, 2023 | 11.21% |
| Jun 30, 2023 | 11.89% |
| Mar 31, 2023 | 12.01% |
| Dec 31, 2022 | 10.74% |
| Sep 30, 2022 | 12.41% |
| Jun 30, 2022 | 11.92% |
| Mar 31, 2022 | 13.66% |
| Dec 31, 2021 | 15.47% |
| Sep 30, 2021 | 20.72% |
| Jun 30, 2021 | 11.83% |