Tenet Healthcare (THC) Free Cash Flow (2009 - 2026)
Tenet Healthcare (THC) posted Free Cash Flow of $417.0 million for Q2 2026, down 71.46% sequentially from $1.5 billion in Q1 2026, and down 43.88% YoY from $743.0 million in Q2 2025.
Tenet Healthcare (THC) Free Cash Flow (2009 - 2026) Analysis & Trends
Tenet Healthcare has reported Free Cash Flow for 18 years, with the latest figure at $417.0 million in Q2 2026.
- Quarterly Free Cash Flow fell 43.88% year-over-year to $417.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $3.0 billion (up 94.66% YoY) and the FY2025 annual result came in at $2.5 billion, up 126.7% from the prior year.
- Free Cash Flow eased to $417.0 million in Q2 2026 per THC's latest filing, from $1.5 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $1.5 billion in Q1 2026 and troughed at -$661.0 million in Q4 2024.
- A 5-year average of $414.9 million and a median of $392.0 million in 2025 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow jumped 1512.12% in 2023, then slumped 207.31% in 2024.
- Over 5 years, Free Cash Flow stood at $131.0 million in 2022, then surged by 370.23% to $616.0 million in 2023, then plunged by 207.31% to -$661.0 million in 2024, then soared by 155.52% to $367.0 million in 2025, then advanced by 13.62% to $417.0 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $417.0 million, $1.5 billion, and $367.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 1.10 Bn |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 417.00 Mn |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 62.30 Mn |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 320.25 Mn |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 119.13 Mn |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 215.67 Mn |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 31.23 Mn |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 69.29 Mn |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 119.55 Mn |
| 10 | Option Care Health | 3.59 Bn | 3.39 Bn | 267.25 Mn | 172.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 417.00 Mn |
| Jun 30, 2026 | 417.00 Mn |
| 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 |