Tenet Healthcare (THC) Gross Margin (2009 - 2026)
Tenet Healthcare recorded quarterly Gross Margin of 82.1% in Q1 2026, little changed quarter-over-quarter from 81.73% in Q4 2025, and up 297.0% year-over-year from 20.68% in Q1 2025.
Tenet Healthcare's Gross Margin history runs 18 years deep, the most recent figure standing at 82.1% for Q1 2026.
- In Q1 2026, Gross Margin rose 297.0% year-over-year to 82.1%; the TTM figure through Mar 2026 stood at 81.25% (up 392.0% YoY), while the FY2025 annual figure was 82.26%, up 399.0% from the prior year.
- Gross Margin came in at 82.1% for Q1 2026 at Tenet Healthcare, roughly flat from 81.73% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 82.98% in Q3 2022 to a low of 65.01% in Q4 2024.
- A 5-year average of 80.2% and a median of 82.1% in 2026 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin plunged 1773 bps in 2024 and soared 1672 bps in 2025, its largest moves.
- Tenet Healthcare's Gross Margin stood at 79.32% in 2022, then rose by 4 bps to 82.74% in 2023, then decreased by 21 bps to 65.01% in 2024, then increased by 26 bps to 81.73% in 2025, then gained by 0 bps to 82.1% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 82.1%, 81.73%, and 78.84% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 99.98% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 24.35% |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 19.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 82.10% |
| Dec 31, 2025 | 81.73% |
| Sep 30, 2025 | 78.84% |
| Jun 30, 2025 | 82.32% |
| Mar 31, 2025 | 79.13% |
| Dec 31, 2024 | 65.01% |
| Sep 30, 2024 | 82.81% |
| Jun 30, 2024 | 82.22% |
| Mar 31, 2024 | 78.50% |
| Dec 31, 2023 | 82.74% |
| Sep 30, 2023 | 78.27% |
| Jun 30, 2023 | 82.47% |
| Mar 31, 2023 | 82.25% |
| Dec 31, 2022 | 79.32% |
| Sep 30, 2022 | 82.98% |
| Jun 30, 2022 | 82.51% |
| Mar 31, 2022 | 80.15% |
| Dec 31, 2021 | 82.74% |
| Sep 30, 2021 | 83.10% |
| Jun 30, 2021 | 82.66% |
| Mar 31, 2021 | 77.58% |
| Dec 31, 2020 | 83.23% |
| Sep 30, 2020 | 82.80% |
| Jun 30, 2020 | 83.25% |
| Mar 31, 2020 | 77.59% |
| Dec 31, 2019 | 83.29% |
| Sep 30, 2019 | 83.36% |
| Jun 30, 2019 | 83.49% |
| Mar 31, 2019 | 76.57% |
| Dec 31, 2018 | 103.83% |
| Sep 30, 2018 | 83.83% |
| Jun 30, 2018 | 83.40% |
| Mar 31, 2018 | 77.44% |
| Dec 31, 2017 | 107.65% |
| Sep 30, 2017 | 75.58% |
| Jun 30, 2017 | 75.86% |
| Mar 31, 2017 | 84.11% |
| Dec 31, 2016 | 108.91% |
| Sep 30, 2016 | 74.61% |
| Jun 30, 2016 | 84.12% |
| Mar 31, 2016 | 77.08% |
| Dec 31, 2015 | 87.44% |
| Sep 30, 2015 | 77.27% |
| Jun 30, 2015 | 77.68% |
| Mar 31, 2015 | 84.47% |
| Dec 31, 2014 | 81.84% |
| Sep 30, 2014 | 84.97% |
| Jun 30, 2014 | 76.25% |
| Mar 31, 2014 | 76.80% |
| Dec 31, 2013 | 87.07% |
| Sep 30, 2013 | 78.04% |
| Jun 30, 2013 | 84.02% |
| Mar 31, 2013 | 76.20% |
| Dec 31, 2012 | 68.45% |
| Sep 30, 2012 | 83.07% |
| Jun 30, 2012 | 76.42% |
| Mar 31, 2012 | 76.93% |
| Dec 31, 2011 | 82.46% |
| Sep 30, 2011 | 81.95% |
| Jun 30, 2011 | 81.61% |
| Mar 31, 2011 | 77.99% |
| Dec 31, 2010 | 94.71% |
| Sep 30, 2010 | 77.67% |
| Jun 30, 2010 | 78.38% |
| Mar 31, 2010 | 82.98% |
| Dec 31, 2009 | 74.82% |
| Sep 30, 2009 | 82.80% |
| Jun 30, 2009 | 82.28% |