Tenet Healthcare (THC) EBITDA (2009 - 2026)
Tenet Healthcare (THC) posted EBITDA of $1.72 billion for Q2 2026, up 66.4% from $1.03 billion a year earlier and up 12.5% from the prior quarter.
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Analysis
Tenet Healthcare (THC) EBITDA (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA at Tenet Healthcare was $5.43 billion, up 20.9% year-over-year; for FY2025, it was $4.37 billion, down 35.5% from FY2024.
- Annual EBITDA shows a five-year compound annual growth rate of 9.0% (FY2020 to FY2025).
- In prior years, Tenet Healthcare's EBITDA was $6.77 billion in FY2024 (+100.4%), $3.38 billion in FY2023 (+6.5%), $3.17 billion in FY2022 (-14.8%) and $3.73 billion in FY2021 (+30.9%).
- The Q2 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 three quarters, with growth averaging 12.6% over the last eight quarters.
- The strongest year-over-year quarter for EBITDA in the past five years was Q1 2024, with growth of 326.0%; the weakest was Q1 2025, with a decline of 67.1%.
- According to Business Quant data, EBITDA for the three prior quarters was $1.53 billion (Q1 2026), $1.08 billion (Q4 2025) and $1.11 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 4.04 Bn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -54.61 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 605.00 Mn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 630.60 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -119.56 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 1.72 Bn |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | - |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 384.80 Mn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 746.81 Mn |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 171.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.72 Bn |
| Mar 31, 2026 | 1.53 Bn |
| Dec 31, 2025 | 1.08 Bn |
| Sep 30, 2025 | 1.11 Bn |
| Jun 30, 2025 | 1.03 Bn |
| Mar 31, 2025 | 1.15 Bn |
| Dec 31, 2024 | 1.01 Bn |
| Sep 30, 2024 | 1.30 Bn |
| Jun 30, 2024 | 969.00 Mn |
| Mar 31, 2024 | 3.49 Bn |
| Dec 31, 2023 | 951.00 Mn |
| Sep 30, 2023 | 792.00 Mn |
| Jun 30, 2023 | 817.00 Mn |
| Mar 31, 2023 | 820.00 Mn |
| Dec 31, 2022 | 749.00 Mn |
| Sep 30, 2022 | 805.00 Mn |
| Jun 30, 2022 | 769.00 Mn |
| Mar 31, 2022 | 851.00 Mn |
| Dec 31, 2021 | 952.00 Mn |
| Sep 30, 2021 | 1.22 Bn |
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();