Tenet Healthcare (THC) Free Cash Flow (2009 - 2026)
Tenet Healthcare recorded quarterly Free Cash Flow of $1.5 billion in Q1 2026, up 298.09% quarter-over-quarter from $367.0 million in Q4 2025, and up 127.57% year-over-year from $642.0 million in Q1 2025.
Tenet Healthcare's Free Cash Flow history runs 18 years deep, the most recent figure standing at $1.5 billion for Q1 2026.
- In Q1 2026, Free Cash Flow rose 127.57% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $3.3 billion (up 137.18% YoY), while the FY2025 annual figure was $2.5 billion, up 126.7% from the prior year.
- Free Cash Flow came in at $1.5 billion for Q1 2026 at Tenet Healthcare, up from $367.0 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $1.5 billion in Q1 2026 to a low of -$661.0 million in Q4 2024.
- A 5-year average of $414.8 million and a median of $367.0 million in 2025 frame the typical range for Free Cash Flow.
- Across the five-year window, Free Cash Flow soared 1512.12% in 2023 and sank 207.31% in 2024, its largest moves.
- Tenet Healthcare's Free Cash Flow stood at $131.0 million in 2022, then jumped by 370.23% to $616.0 million in 2023, then tumbled by 207.31% to -$661.0 million in 2024, then surged by 155.52% to $367.0 million in 2025, then soared by 298.09% to $1.5 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $1.5 billion, $367.0 million, and $778.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 895.00 Mn |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 1.46 Bn |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 218.81 Mn |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 150.70 Mn |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 90.18 Mn |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 184.47 Mn |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 1.65 Bn |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 71.10 Mn |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 149.82 Mn |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | -21.16 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.46 Bn |
| Mar 31, 2026 | 1.46 Bn |
| Dec 31, 2025 | 367.00 Mn |
| Dec 31, 2025 | 367.00 Mn |
| Sep 30, 2025 | 778.00 Mn |
| Sep 30, 2025 | 778.00 Mn |
| Jun 30, 2025 | 743.00 Mn |
| Jun 30, 2025 | 743.00 Mn |
| Mar 31, 2025 | 642.00 Mn |
| Mar 31, 2025 | 642.00 Mn |
| Dec 31, 2024 | -661.00 Mn |
| Dec 31, 2024 | -661.00 Mn |
| Sep 30, 2024 | 829.00 Mn |
| Sep 30, 2024 | 829.00 Mn |
| Jun 30, 2024 | 602.00 Mn |
| Jun 30, 2024 | 602.00 Mn |
| Mar 31, 2024 | 346.00 Mn |
| Mar 31, 2024 | 346.00 Mn |
| Dec 31, 2023 | 616.00 Mn |
| Dec 31, 2023 | 616.00 Mn |
| Sep 30, 2023 | 327.00 Mn |
| Sep 30, 2023 | 327.00 Mn |
| Jun 30, 2023 | 466.00 Mn |
| Jun 30, 2023 | 466.00 Mn |
| Mar 31, 2023 | 214.00 Mn |
| Mar 31, 2023 | 214.00 Mn |
| Dec 31, 2022 | 131.00 Mn |
| Dec 31, 2022 | 131.00 Mn |
| Sep 30, 2022 | 150.00 Mn |
| Sep 30, 2022 | 150.00 Mn |
| Jun 30, 2022 | -33.00 Mn |
| Jun 30, 2022 | -33.00 Mn |
| Mar 31, 2022 | 73.00 Mn |
| Mar 31, 2022 | 73.00 Mn |
| Dec 31, 2021 | 53.00 Mn |
| Dec 31, 2021 | 53.00 Mn |
| Sep 30, 2021 | 321.00 Mn |
| Sep 30, 2021 | 321.00 Mn |
| Jun 30, 2021 | 123.00 Mn |
| Jun 30, 2021 | 123.00 Mn |
| Mar 31, 2021 | 413.00 Mn |
| Mar 31, 2021 | 413.00 Mn |
| Dec 31, 2020 | 280.00 Mn |
| Dec 31, 2020 | 280.00 Mn |
| Sep 30, 2020 | 507.00 Mn |
| Sep 30, 2020 | 507.00 Mn |
| Jun 30, 2020 | 2.13 Bn |
| Jun 30, 2020 | 2.13 Bn |
| Mar 31, 2020 | 127.00 Mn |
| Mar 31, 2020 | 127.00 Mn |
| Dec 31, 2019 | 342.00 Mn |
| Dec 31, 2019 | 342.00 Mn |
| Sep 30, 2019 | 263.00 Mn |
| Sep 30, 2019 | 263.00 Mn |
| Jun 30, 2019 | 140.00 Mn |
| Jun 30, 2019 | 140.00 Mn |
| Mar 31, 2019 | -182.00 Mn |
| Mar 31, 2019 | -182.00 Mn |
| Dec 31, 2018 | -372.00 Mn |
| Dec 31, 2018 | -372.00 Mn |
| Sep 30, 2018 | 611.00 Mn |
| Sep 30, 2018 | 611.00 Mn |
| Jun 30, 2018 | 223.00 Mn |
| Jun 30, 2018 | 223.00 Mn |
| Mar 31, 2018 | -30.00 Mn |
| Mar 31, 2018 | -30.00 Mn |
| Dec 31, 2017 | 973.00 Mn |
| Dec 31, 2017 | 973.00 Mn |
| Sep 30, 2017 | -172.00 Mn |
| Sep 30, 2017 | -172.00 Mn |
| Jun 30, 2017 | 401.00 Mn |
| Jun 30, 2017 | 401.00 Mn |
| Mar 31, 2017 | -12.00 Mn |
| Mar 31, 2017 | -12.00 Mn |
| Dec 31, 2016 | 290.00 Mn |
| Dec 31, 2016 | 290.00 Mn |
| Sep 30, 2016 | 68.00 Mn |
| Sep 30, 2016 | 68.00 Mn |
| Jun 30, 2016 | 230.00 Mn |
| Jun 30, 2016 | 230.00 Mn |
| Mar 31, 2016 | -61.00 Mn |
| Mar 31, 2016 | -61.00 Mn |
| Dec 31, 2015 | 193.00 Mn |
| Dec 31, 2015 | 193.00 Mn |
| Sep 30, 2015 | 835.00 Mn |
| Sep 30, 2015 | 835.00 Mn |
| Jun 30, 2015 | 235.00 Mn |
| Jun 30, 2015 | 235.00 Mn |
| Mar 31, 2015 | -241.00 Mn |
| Mar 31, 2015 | -241.00 Mn |
| Dec 31, 2014 | 945.00 Mn |
| Dec 31, 2014 | 945.00 Mn |
| Sep 30, 2014 | -499.00 Mn |
| Sep 30, 2014 | -499.00 Mn |
| Jun 30, 2014 | 256.00 Mn |
| Jun 30, 2014 | 256.00 Mn |
| Mar 31, 2014 | -23.00 Mn |
| Mar 31, 2014 | -23.00 Mn |
| Dec 31, 2013 | -447.00 Mn |
| Dec 31, 2013 | -447.00 Mn |
| Sep 30, 2013 | 211.00 Mn |
| Sep 30, 2013 | 211.00 Mn |
| Jun 30, 2013 | 137.00 Mn |
| Jun 30, 2013 | 137.00 Mn |
| Mar 31, 2013 | -3.00 Mn |
| Mar 31, 2013 | -3.00 Mn |
| Dec 31, 2012 | 108.00 Mn |
| Dec 31, 2012 | 108.00 Mn |
| Sep 30, 2012 | -219.00 Mn |
| Sep 30, 2012 | -219.00 Mn |
| Jun 30, 2012 | 242.00 Mn |
| Jun 30, 2012 | 242.00 Mn |
| Mar 31, 2012 | -44.00 Mn |
| Mar 31, 2012 | -44.00 Mn |
| Dec 31, 2011 | 173.00 Mn |
| Dec 31, 2011 | 173.00 Mn |
| Sep 30, 2011 | 148.00 Mn |
| Sep 30, 2011 | 148.00 Mn |
| Jun 30, 2011 | 178.00 Mn |
| Jun 30, 2011 | 178.00 Mn |
| Mar 31, 2011 | -2.00 Mn |
| Mar 31, 2011 | -2.00 Mn |
| Dec 31, 2010 | 175.00 Mn |
| Dec 31, 2010 | 175.00 Mn |
| Sep 30, 2010 | 128.00 Mn |
| Sep 30, 2010 | 128.00 Mn |
| Jun 30, 2010 | 191.00 Mn |
| Jun 30, 2010 | 191.00 Mn |
| Mar 31, 2010 | -22.00 Mn |
| Mar 31, 2010 | -22.00 Mn |
| Dec 31, 2009 | 141.00 Mn |
| Dec 31, 2009 | 141.00 Mn |
| Sep 30, 2009 | 120.00 Mn |
| Sep 30, 2009 | 120.00 Mn |