Tenet Healthcare (THC) EBT Margin (2009 - 2026)

Tenet Healthcare's (THC) quarterly EBT Margin came in at 21.09% in Q1 2026, up 644.0% year-on-year from 2.83% in Q1 2025, and up 71.15% quarter-over-quarter from 12.32% in Q4 2025.

Tenet Healthcare (THC) EBT Margin (2009 - 2026) Analysis & Trends

Tenet Healthcare has disclosed EBT Margin across 18 years of filings, most recently posting 21.09% for Q1 2026.

  • EBT Margin for Q1 2026 came in at 21.09%, up 644.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 14.76% (up 49.0% YoY), and the FY2025 annual result was 13.14%, down 1224.0% from the prior year.
  • EBT Margin came in at 21.09% for Q1 2026 at Tenet Healthcare, up from 12.32% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 57.45% in Q1 2024 to a low of 5.71% in Q2 2022.
  • The 5-year median for EBT Margin is 11.49% (2024), against an average of 13.7%.
  • Across the five-year window, EBT Margin jumped 4988 bps in 2024 and slumped 4280 bps in 2025, its largest moves.
  • Tenet Healthcare's EBT Margin stood at 6.45% in 2022, then jumped by 49 bps to 9.62% in 2023, then soared by 34 bps to 12.91% in 2024, then dropped by 5 bps to 12.32% in 2025, then jumped by 71 bps to 21.09% in 2026.
  • The last three EBT Margin figures came in at 21.09% (Q1 2026), 12.32% (Q4 2025), and 13.46% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 11.97%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 21.09%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 9.99%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 18.20%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 9.26%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 10.44%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 2,593.29%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 13.51%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 8.01%
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 12.22%

Historic Data

Download Data
DateValue
Mar 31, 2026 21.09%
Dec 31, 2025 12.32%
Sep 30, 2025 13.46%
Jun 30, 2025 12.18%
Mar 31, 2025 14.65%
Dec 31, 2024 12.91%
Sep 30, 2024 17.99%
Jun 30, 2024 11.49%
Mar 31, 2024 57.45%
Dec 31, 2023 9.62%
Sep 30, 2023 6.81%
Jun 30, 2023 7.34%
Mar 31, 2023 7.57%
Dec 31, 2022 6.45%
Sep 30, 2022 7.92%
Jun 30, 2022 5.71%
Mar 31, 2022 7.97%
Dec 31, 2021 10.87%
Sep 30, 2021 15.82%
Jun 30, 2021 6.44%