Tenet Healthcare (THC) EBITDA Margin (2009 - 2026)
Tenet Healthcare (THC) posted EBITDA Margin of 26.67% for Q2 2026, up 10.47% sequentially from 24.14% in Q1 2026, and up 1106.0% YoY from 2.21% in Q2 2025.
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Tenet Healthcare (THC) EBITDA Margin (2009 - 2026) Analysis & Trends
Tenet Healthcare has reported EBITDA Margin for 18 years, with the latest figure at 26.67% in Q2 2026.
- Quarterly EBITDA Margin rose 1106.0% year-over-year to 26.67% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 20.81% (up 305.0% YoY) and the FY2025 annual result came in at 16.46%, down 1235.0% from the prior year.
- EBITDA Margin improved to 26.67% in Q2 2026 per THC's latest filing, from 24.14% in the prior quarter.
- Over five years, EBITDA Margin peaked at 61.2% in Q1 2024 and troughed at 10.74% in Q4 2022.
- A 5-year average of 18.21% and a median of 15.17% in 2024 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin soared 4919 bps in 2024, then tumbled 4314 bps in 2025.
- Over 5 years, EBITDA Margin stood at 10.74% in 2022, then increased by 27 bps to 13.62% in 2023, then rose by 19 bps to 16.18% in 2024, then declined by 5 bps to 15.43% in 2025, then soared by 73 bps to 26.67% in 2026.
- According to Business Quant data, EBITDA Margin over the past three periods registered 26.67%, 24.14%, and 15.43% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | -12.60% |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 26.67% |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 2.10% |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 16.29% |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 11.14% |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 8.50% |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 15.37% |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | 7.66% |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 18.99% |
| 10 | Option Care Health | 3.74 Bn | 3.55 Bn | 267.25 Mn | 6.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.67% |
| 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% |