Tenet Healthcare (THC) Intangibles (2009 - 2026)
Tenet Healthcare's Intangibles was $1.23 billion in Q3 2026, down 9.1% from $1.35 billion a year earlier and down 4.3% from the prior quarter.
Powered by 
Analysis
Tenet Healthcare (THC) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, Intangibles at Tenet Healthcare came in at $1.35 billion, down 3.5% from FY2024.
- Intangibles shows a five-year compound annual growth rate of -3.4% (FY2020 to FY2025).
- In earlier years, Intangibles was $1.4 billion in FY2024 (+2.1%), $1.37 billion in FY2023 (-3.9%), $1.42 billion in FY2022 (-4.9%) and $1.5 billion in FY2021 (-6.4%).
- The Q3 2026 figure marks the lowest quarterly Intangibles since Q4 2014.
- Compared with a year earlier, Intangibles has declined for six straight quarters, with an average decline of 3.5% over the last eight quarters.
- The best year-over-year quarter for Intangibles over five years was Q4 2024 (growth of 2.1%); the worst was Q3 2026 (a decline of 9.1%).
- Per Business Quant data, THC's Intangibles in the three quarters before Q3 2026 was $1.28 billion (Q2 2026), $1.32 billion (Q1 2026) and $1.35 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.44 Bn | 104.53 Bn | - | - |
| 2 | Natera | 46.38 Bn | 42.00 Bn | 513.47 Mn | 353.04 Mn |
| 3 | Labcorp Holdings | 30.37 Bn | 28.45 Bn | 1.11 Bn | 3.72 Bn |
| 4 | Quest Diagnostics | 28.52 Bn | 26.28 Bn | 1.04 Bn | 1.63 Bn |
| 5 | Tenet Healthcare | 23.21 Bn | 12.51 Bn | - | 1.23 Bn |
| 6 | Guardant Health | 21.35 Bn | 16.97 Bn | 236.15 Mn | 24.99 Mn |
| 7 | Tempus AI | 15.33 Bn | 12.48 Bn | 266.70 Mn | 293.82 Mn |
| 8 | BrightSpring Health Services | 14.30 Bn | 12.05 Bn | 518.55 Mn | 491.66 Mn |
| 9 | Encompass Health | 13.86 Bn | 13.49 Bn | - | 301.50 Mn |
| 10 | Davita | 11.86 Bn | 9.23 Bn | 1.13 Bn | 221.07 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.23 Bn |
| Jun 30, 2026 | 1.28 Bn |
| Mar 31, 2026 | 1.32 Bn |
| Dec 31, 2025 | 1.35 Bn |
| Sep 30, 2025 | 1.35 Bn |
| Jun 30, 2025 | 1.37 Bn |
| Mar 31, 2025 | 1.40 Bn |
| Dec 31, 2024 | 1.40 Bn |
| Sep 30, 2024 | 1.37 Bn |
| Jun 30, 2024 | 1.41 Bn |
| Mar 31, 2024 | 1.40 Bn |
| Dec 31, 2023 | 1.37 Bn |
| Sep 30, 2023 | 1.40 Bn |
| Jun 30, 2023 | 1.41 Bn |
| Mar 31, 2023 | 1.43 Bn |
| Dec 31, 2022 | 1.42 Bn |
| Sep 30, 2022 | 1.44 Bn |
| Jun 30, 2022 | 1.46 Bn |
| Mar 31, 2022 | 1.49 Bn |
| Dec 31, 2021 | 1.50 Bn |
API Access
Tenet Healthcare Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();