Tenet Healthcare (THC) FCF Margin (2009 - 2026)
Tenet Healthcare recorded quarterly FCF Margin of 27.22% in Q1 2026, up 309.88% quarter-over-quarter from 6.64% in Q4 2025, and up 1493.0% year-over-year from 1.71% in Q1 2025.
Tenet Healthcare's FCF Margin history runs 18 years deep, the most recent figure standing at 27.22% for Q1 2026.
- In Q1 2026, FCF Margin rose 1493.0% year-over-year to 27.22%; the TTM figure through Mar 2026 stood at 15.61% (up 873.0% YoY), while the FY2025 annual figure was 11.87%, up 647.0% from the prior year.
- FCF Margin came in at 27.22% for Q1 2026 at Tenet Healthcare, up from 6.64% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 27.22% in Q1 2026 to a low of 13.03% in Q4 2024.
- A 5-year average of 7.89% and a median of 6.64% in 2025 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin slumped 2445 bps in 2024 and jumped 1967 bps in 2025, its largest moves.
- Tenet Healthcare's FCF Margin stood at 2.63% in 2022, then surged by 335 bps to 11.42% in 2023, then tumbled by 214 bps to 13.03% in 2024, then surged by 151 bps to 6.64% in 2025, then soared by 310 bps to 27.22% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 27.22%, 6.64%, and 14.71% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 4.68% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 27.22% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 6.41% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 9.50% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 6.49% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 4.10% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.01% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 10.81% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 10.55% |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | -1.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.22% |
| Dec 31, 2025 | 6.64% |
| Sep 30, 2025 | 14.71% |
| Jun 30, 2025 | 14.10% |
| Mar 31, 2025 | 12.29% |
| Dec 31, 2024 | -13.03% |
| Sep 30, 2024 | 16.17% |
| Jun 30, 2024 | 11.79% |
| Mar 31, 2024 | 6.45% |
| Dec 31, 2023 | 11.42% |
| Sep 30, 2023 | 6.45% |
| Jun 30, 2023 | 9.17% |
| Mar 31, 2023 | 4.26% |
| Dec 31, 2022 | 2.63% |
| Sep 30, 2022 | 3.12% |
| Jun 30, 2022 | -0.71% |
| Mar 31, 2022 | 1.54% |
| Dec 31, 2021 | 1.09% |
| Sep 30, 2021 | 6.56% |
| Jun 30, 2021 | 2.48% |
| Mar 31, 2021 | 8.64% |
| Dec 31, 2020 | 5.70% |
| Sep 30, 2020 | 11.13% |
| Jun 30, 2020 | 58.47% |
| Mar 31, 2020 | 2.81% |
| Dec 31, 2019 | 7.12% |
| Sep 30, 2019 | 5.76% |
| Jun 30, 2019 | 3.07% |
| Mar 31, 2019 | -4.00% |
| Dec 31, 2018 | -8.05% |
| Sep 30, 2018 | 13.61% |
| Jun 30, 2018 | 4.95% |
| Mar 31, 2018 | -0.64% |
| Dec 31, 2017 | 19.55% |
| Sep 30, 2017 | -3.75% |
| Jun 30, 2017 | 8.35% |
| Mar 31, 2017 | -0.25% |
| Dec 31, 2016 | 4.60% |
| Sep 30, 2016 | 1.40% |
| Jun 30, 2016 | 4.72% |
| Mar 31, 2016 | -1.13% |
| Dec 31, 2015 | 2.97% |
| Sep 30, 2015 | 16.49% |
| Jun 30, 2015 | 4.85% |
| Mar 31, 2015 | -5.45% |
| Dec 31, 2014 | 16.38% |
| Sep 30, 2014 | -11.28% |
| Jun 30, 2014 | 5.87% |
| Mar 31, 2014 | -0.53% |
| Dec 31, 2013 | -9.23% |
| Sep 30, 2013 | 8.06% |
| Jun 30, 2013 | 5.66% |
| Mar 31, 2013 | -0.13% |
| Dec 31, 2012 | 3.47% |
| Sep 30, 2012 | -9.86% |
| Jun 30, 2012 | 10.68% |
| Mar 31, 2012 | -1.91% |
| Dec 31, 2011 | 7.97% |
| Sep 30, 2011 | 7.05% |
| Jun 30, 2011 | 8.35% |
| Mar 31, 2011 | -0.09% |
| Dec 31, 2010 | 12.86% |
| Sep 30, 2010 | 5.66% |
| Jun 30, 2010 | 8.29% |
| Mar 31, 2010 | -0.94% |
| Dec 31, 2009 | 9.01% |
| Sep 30, 2009 | 5.31% |