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| Date | Value |
|---|---|
| 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% |