Tenet Healthcare (THC) Gross Margin (2009 - 2026)
Tenet Healthcare (THC) posted Gross Margin of 82.1% for Q1 2026, little changed sequentially from 81.73% in Q4 2025, and up 297.0% YoY from 20.68% in Q1 2025.
Tenet Healthcare (THC) Gross Margin (2009 - 2026) Analysis & Trends
Tenet Healthcare (THC) has 18 years of Gross Margin data on file, last reported at 82.1% in Q1 2026.
- Quarterly Gross Margin rose 297.0% year-over-year to 82.1% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 81.25% (up 392.0% YoY) and the FY2025 annual result came in at 82.26%, up 399.0% from the prior year.
- Gross Margin was little changed at 82.1% in Q1 2026 per THC's latest filing, from 81.73% in the prior quarter.
- The five-year high for Gross Margin was 82.98% in Q3 2022, with the low at 65.01% in Q4 2024.
- Average Gross Margin over 5 years is 80.2%, with a median of 82.1% recorded in 2026.
- Year-over-year, Gross Margin tumbled 1773 bps in 2024 and soared 1672 bps in 2025.
- Tenet Healthcare's Gross Margin stood at 79.32% in 2022, then advanced by 4 bps to 82.74% in 2023, then dropped by 21 bps to 65.01% in 2024, then gained by 26 bps to 81.73% in 2025, then climbed by 0 bps to 82.1% in 2026.
- Business Quant data shows THC's Gross Margin at 82.1% in Q1 2026, 81.73% in Q4 2025, and 78.84% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 85.07% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 32.82% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 82.10% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 31.42% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 84.75% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 21.12% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 71.44% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 24.35% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 74.36% |
| 10 | Brookdale Senior Living | 3.76 Bn | 3.50 Bn | 727.83 Mn | 95.16% |
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% |