Tenet Healthcare (THC) FCF Margin (2009 - 2026)

Tenet Healthcare (THC) posted FCF Margin of 27.22% for Q1 2026, up 309.88% sequentially from 6.64% in Q4 2025, and up 1493.0% YoY from 1.71% in Q1 2025.

Tenet Healthcare (THC) FCF Margin (2009 - 2026) Analysis & Trends

Tenet Healthcare (THC) has 18 years of FCF Margin data on file, last reported at 27.22% in Q1 2026.

  • Quarterly FCF Margin rose 1493.0% year-over-year to 27.22% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.61% (up 873.0% YoY) and the FY2025 annual result came in at 11.87%, up 647.0% from the prior year.
  • FCF Margin climbed to 27.22% in Q1 2026 per THC's latest filing, from 6.64% in the prior quarter.
  • The five-year high for FCF Margin was 27.22% in Q1 2026, with the low at 13.03% in Q4 2024.
  • Average FCF Margin over 5 years is 7.89%, with a median of 6.64% recorded in 2025.
  • Year-over-year, FCF Margin sank 2445 bps in 2024 and jumped 1967 bps in 2025.
  • Tenet Healthcare's FCF Margin stood at 2.63% in 2022, then jumped by 335 bps to 11.42% in 2023, then sank by 214 bps to 13.03% in 2024, then jumped by 151 bps to 6.64% in 2025, then surged by 310 bps to 27.22% in 2026.
  • Business Quant data shows THC's FCF Margin at 27.22% in Q1 2026, 6.64% in Q4 2025, and 14.71% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 4.68%
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 10.81%
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 27.22%
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 6.41%
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 9.50%
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 6.49%
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 4.10%
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 10.55%
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn 20.19%
10 Brookdale Senior Living 3.76 Bn 3.50 Bn 727.83 Mn 2.73%

Historic Data

Download Data
DateValue
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%