Tenet Healthcare (THC) EBITDA (2009 - 2026)
Tenet Healthcare (THC) posted EBITDA of $1.97 billion for Q3 2026, up 77.2% from $1.11 billion a year earlier and up 14.5% from the prior quarter.
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Analysis
Tenet Healthcare (THC) EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EBITDA at Tenet Healthcare was $6.31 billion, up 46.0% year-over-year; for FY2025, it was $4.39 billion, down 35.4% from FY2024.
- Annual EBITDA shows a five-year compound annual growth rate of 8.8% (FY2020 to FY2025).
- In prior years, Tenet Healthcare's EBITDA was $6.8 billion in FY2024 (+99.3%), $3.41 billion in FY2023 (+6.4%), $3.21 billion in FY2022 (-14.7%) and $3.76 billion in FY2021 (+30.3%).
- The Q3 2026 figure stands as the highest quarterly EBITDA since Q1 2024.
- On a year-over-year basis, EBITDA has increased in each of the last four quarters, with growth averaging 14.2% over the last eight quarters.
- The strongest year-over-year quarter for EBITDA in the past five years was Q1 2024, with growth of 322.3%; the weakest was Q1 2025, with a decline of 67.0%.
- According to Business Quant data, EBITDA for the three prior quarters was $1.72 billion (Q2 2026), $1.53 billion (Q1 2026) and $1.09 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | 3.94 Bn |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | -46.36 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 585.10 Mn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 626.00 Mn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 1.97 Bn |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | -122.59 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 201.41 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | - |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | 385.70 Mn |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 664.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.97 Bn |
| Jun 30, 2026 | 1.72 Bn |
| Mar 31, 2026 | 1.53 Bn |
| Dec 31, 2025 | 1.09 Bn |
| Sep 30, 2025 | 1.11 Bn |
| Jun 30, 2025 | 1.04 Bn |
| Mar 31, 2025 | 1.16 Bn |
| Dec 31, 2024 | 1.02 Bn |
| Sep 30, 2024 | 1.31 Bn |
| Jun 30, 2024 | 975.00 Mn |
| Mar 31, 2024 | 3.50 Bn |
| Dec 31, 2023 | 958.00 Mn |
| Sep 30, 2023 | 799.00 Mn |
| Jun 30, 2023 | 826.00 Mn |
| Mar 31, 2023 | 829.00 Mn |
| Dec 31, 2022 | 759.00 Mn |
| Sep 30, 2022 | 813.00 Mn |
| Jun 30, 2022 | 776.00 Mn |
| Mar 31, 2022 | 859.00 Mn |
| Dec 31, 2021 | 960.00 Mn |
API Access
Tenet Healthcare EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();