Tenet Healthcare (THC) Intangibles (2009 - 2026)
Tenet Healthcare's Intangibles was $1.28 billion in Q2 2026, down 6.6% from $1.37 billion a year earlier and down 2.7% from the prior quarter.
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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 Q2 2026 figure marks the lowest quarterly Intangibles since Q4 2014.
- Compared with a year earlier, Intangibles has declined for five straight quarters, with an average decline of 2.6% 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 Q2 2026 (a decline of 6.6%).
- Per Business Quant data, THC's Intangibles in the three quarters before Q2 2026 was $1.32 billion (Q1 2026), $1.35 billion (Q4 2025) and $1.35 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 360.20 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 1.67 Bn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 3.68 Bn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 25.27 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 1.28 Bn |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 312.46 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 306.80 Mn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 228.82 Mn |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 514.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 1.48 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();