Tenet Healthcare (THC) Common Equity (2009 - 2026)
Tenet Healthcare (THC) posted Common Equity of $7.42 billion for Q3 2026, up 28.2% from $5.78 billion a year earlier and up 13.1% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Common Equity (2009 - 2026) Analysis & Trends
At the end of FY2025, Tenet Healthcare's Common Equity came in at $6.02 billion, up 3.4% from FY2024.
- Annual Common Equity has increased for six consecutive years, with a five-year compound annual growth rate of 45.1% (FY2020 to FY2025).
- In prior years, Tenet Healthcare's Common Equity was $5.82 billion in FY2024 (+86.7%), $3.12 billion in FY2023 (+26.8%), $2.46 billion in FY2022 (+19.7%) and $2.05 billion in FY2021 (+119.2%).
- The Q3 2026 figure stands as the highest quarterly Common Equity in data going back to Q4 2009.
- On a year-over-year basis, Common Equity has increased in each of the last 25 quarters, with growth averaging 23.3% over the last eight quarters.
- Across the past five years, year-over-year growth in Common Equity ran from 3.4% in Q4 2025 to 119.2% in Q4 2021.
- According to Business Quant data, Common Equity for the three prior quarters was $6.56 billion (Q2 2026), $6.71 billion (Q1 2026) and $6.02 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | -8.08 Bn |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | 1.87 Bn |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 8.85 Bn |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 7.95 Bn |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 7.42 Bn |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | -275.90 Mn |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | 500.40 Mn |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 2.18 Bn |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | 3.50 Bn |
| 10 | Universal Health Services | 11.68 Bn | 11.18 Bn | - | 7.58 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.42 Bn |
| Jun 30, 2026 | 6.56 Bn |
| Mar 31, 2026 | 6.71 Bn |
| Dec 31, 2025 | 6.02 Bn |
| Sep 30, 2025 | 5.78 Bn |
| Jun 30, 2025 | 5.48 Bn |
| Mar 31, 2025 | 5.88 Bn |
| Dec 31, 2024 | 5.82 Bn |
| Sep 30, 2024 | 5.43 Bn |
| Jun 30, 2024 | 5.06 Bn |
| Mar 31, 2024 | 4.94 Bn |
| Dec 31, 2023 | 3.12 Bn |
| Sep 30, 2023 | 2.88 Bn |
| Jun 30, 2023 | 2.72 Bn |
| Mar 31, 2023 | 2.58 Bn |
| Dec 31, 2022 | 2.46 Bn |
| Sep 30, 2022 | 2.51 Bn |
| Jun 30, 2022 | 2.11 Bn |
| Mar 31, 2022 | 2.06 Bn |
| Dec 31, 2021 | 2.05 Bn |
API Access
Tenet Healthcare Common Equity 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=common-equity&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();