Tenet Healthcare (THC) FCF Margin (2009 - 2026)
Tenet Healthcare (THC) posted FCF Margin of 7.41% for Q2 2026, down 72.78% sequentially from 27.22% in Q1 2026, and down 669.0% YoY from 1.3% in Q2 2025.
Tenet Healthcare (THC) FCF Margin (2009 - 2026) Analysis & Trends
Tenet Healthcare has reported FCF Margin for 18 years, with the latest figure at 7.41% in Q2 2026.
- Quarterly FCF Margin fell 669.0% year-over-year to 7.41% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 13.86% (up 635.0% YoY) and the FY2025 annual result came in at 11.87%, up 647.0% from the prior year.
- FCF Margin declined to 7.41% in Q2 2026 per THC's latest filing, from 27.22% in the prior quarter.
- Over five years, FCF Margin peaked at 27.22% in Q1 2026 and troughed at 13.03% in Q4 2024.
- A 5-year average of 7.87% and a median of 7.02% in 2025 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin tumbled 2445 bps in 2024, then surged 1967 bps in 2025.
- Over 5 years, FCF Margin stood at 2.63% in 2022, then soared by 335 bps to 11.42% in 2023, then plunged by 214 bps to 13.03% in 2024, then soared by 151 bps to 6.64% in 2025, then grew by 12 bps to 7.41% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 7.41%, 27.22%, and 6.64% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 5.46% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 7.41% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 3.90% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 9.01% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 8.27% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 4.65% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 2.19% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 10.29% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 19.73% |
| 10 | Option Care Health | 3.59 Bn | 3.39 Bn | 267.25 Mn | 11.96% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 7.41% |
| 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% |