KPIs & Operating Metrics(New)
Growth Metrics

Tenet Healthcare (THC) Gross Margin (2016 - 2025)

Tenet Healthcare's Gross Margin history spans 17 years, with the latest figure at 78.84% for Q3 2025.

  • For Q3 2025, Gross Margin rose 52.0% year-over-year to 78.84%; the TTM value through Sep 2025 reached 75.76%, down 355.0%, while the annual FY2025 figure was 82.26%, 399.0% up from the prior year.
  • Gross Margin for Q3 2025 was 78.84% at Tenet Healthcare, down from 82.63% in the prior quarter.
  • Across five years, Gross Margin topped out at 86.76% in Q4 2021 and bottomed at 65.05% in Q4 2024.
  • The 5-year median for Gross Margin is 80.66% (2023), against an average of 79.54%.
  • The largest annual shift saw Gross Margin crashed -1852bps in 2022 before it surged 1451bps in 2023.
  • A 5-year view of Gross Margin shows it stood at 86.76% in 2021, then dropped by -21bps to 68.24% in 2022, then grew by 21bps to 82.74% in 2023, then fell by -21bps to 65.05% in 2024, then grew by 21bps to 78.84% in 2025.
  • Per Business Quant, the three most recent readings for THC's Gross Margin are 78.84% (Q3 2025), 82.63% (Q1 2025), and 65.05% (Q4 2024).