Tenet Healthcare (THC) Gross Margin (2009 - 2026)
Tenet Healthcare (THC) posted Gross Margin of 79.14% for Q2 2026, little changed sequentially from 79.1% in Q1 2026, and up 37.0% YoY from 57.77% in Q2 2025.
Tenet Healthcare (THC) Gross Margin (2009 - 2026) Analysis & Trends
Tenet Healthcare has reported Gross Margin for 18 years, with the latest figure at 79.14% in Q2 2026.
- Quarterly Gross Margin rose 37.0% year-over-year to 79.14% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 78.86% (up 12.0% YoY) and the FY2025 annual result came in at 78.78%, up 50.0% from the prior year.
- Gross Margin steadied at 79.14% in Q2 2026 per THC's latest filing, from 79.1% in the prior quarter.
- Over five years, Gross Margin peaked at 80.15% in Q1 2022 and troughed at 77.53% in Q2 2024.
- A 5-year average of 78.62% and a median of 78.62% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 257 bps in 2022, then slumped 192 bps in 2023.
- Over 5 years, Gross Margin stood at 79.32% in 2022, then dropped by 2 bps to 77.83% in 2023, then climbed by 1 bps to 78.73% in 2024, then retreated by 0 bps to 78.38% in 2025, then gained by 1 bps to 79.14% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 79.14%, 79.1%, and 78.38% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 75.07% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 79.14% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 84.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 32.70% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 21.26% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 70.85% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 23.70% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 32.90% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 31.70% |
| 10 | Option Care Health | 3.59 Bn | 3.39 Bn | 267.25 Mn | 18.53% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 79.14% |
| Mar 31, 2026 | 79.10% |
| Dec 31, 2025 | 78.38% |
| Sep 30, 2025 | 78.84% |
| Jun 30, 2025 | 78.77% |
| Mar 31, 2025 | 79.13% |
| Dec 31, 2024 | 78.73% |
| Sep 30, 2024 | 78.33% |
| Jun 30, 2024 | 77.53% |
| Mar 31, 2024 | 78.50% |
| Dec 31, 2023 | 77.83% |
| Sep 30, 2023 | 78.27% |
| Jun 30, 2023 | 77.86% |
| Mar 31, 2023 | 78.23% |
| Dec 31, 2022 | 79.32% |
| Sep 30, 2022 | 78.80% |
| Jun 30, 2022 | 78.31% |
| Mar 31, 2022 | 80.15% |
| Dec 31, 2021 | 78.81% |
| Sep 30, 2021 | 78.52% |