Tenet Healthcare (THC) EBT Margin (2009 - 2026)
Tenet Healthcare's EBT Margin came in at 23.81% for Q2 2026, up 11.63 percentage points from 12.18% a year earlier and up 2.72 percentage points from the prior quarter.
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Analysis
Tenet Healthcare (THC) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Tenet Healthcare reported EBT Margin of 17.72%, up 3.30 percentage points year-over-year; for FY2025, it was 13.14%, down 12.24 percentage points from FY2024.
- EBT Margin carries a five-year change of +9.34 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 25.38% in FY2024 (+17.52 pp), 7.86% in FY2023 (+0.85 pp), 7.01% in FY2022 (-2.67 pp) and 9.69% in FY2021 (+5.89 pp).
- The Q2 2026 figure represents the highest quarterly EBT Margin since Q1 2024.
- Year-over-year, EBT Margin increased in five of the last eight quarters, with an average year-over-year change of -1.84 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q1 2024 (a gain of 49.88 percentage points), and the weakest in Q1 2025 (a drop of 42.80 percentage points).
- Business Quant data shows THC's EBT Margin at 21.09% (Q1 2026), 12.32% (Q4 2025) and 13.46% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 12.33% |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -8.93% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 13.54% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 10.36% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -35.81% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 23.81% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 2.30% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 16.38% |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 12.24% |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 2.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.81% |
| 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% |
API Access
Tenet Healthcare EBT Margin 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=ebt-margin&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "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=ebt-margin&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();