Tenet Healthcare (THC) Invested Capital (2009 - 2026)
Tenet Healthcare's (THC) quarterly Invested Capital came in at $18.0 billion in Q1 2026, down 5.38% year-on-year from $19.0 billion in Q1 2025, and up 3.63% quarter-over-quarter from $17.4 billion in Q4 2025.
Tenet Healthcare (THC) Invested Capital (2009 - 2026) Analysis & Trends
Tenet Healthcare has disclosed Invested Capital across 18 years of filings, most recently posting $18.0 billion for Q1 2026.
- Invested Capital for Q1 2026 came in at $18.0 billion, down 5.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $18.0 billion (down 5.38% YoY), and the FY2025 annual result was $17.4 billion, down 8.43% from the prior year.
- Invested Capital came in at $18.0 billion for Q1 2026 at Tenet Healthcare, up from $17.4 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $19.0 billion in Q1 2025 to a low of $16.9 billion in Q1 2022.
- The 5-year median for Invested Capital is $17.8 billion (2024), against an average of $17.9 billion.
- Across the five-year window, Invested Capital rose 11.61% in 2022 and decreased 8.43% in 2025, its largest moves.
- Tenet Healthcare's Invested Capital stood at $17.5 billion in 2022, then climbed by 3.31% to $18.1 billion in 2023, then climbed by 4.82% to $19.0 billion in 2024, then decreased by 8.43% to $17.4 billion in 2025, then gained by 3.63% to $18.0 billion in 2026.
- The last three Invested Capital figures came in at $18.0 billion (Q1 2026), $17.4 billion (Q4 2025), and $17.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 5.55 Bn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 18.02 Bn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | -363.69 Mn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 5.88 Bn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 2.37 Bn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 12.23 Bn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 29.19 Bn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 847.99 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 1.05 Bn |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 1.07 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.02 Bn |
| Dec 31, 2025 | 17.39 Bn |
| Sep 30, 2025 | 17.20 Bn |
| Jun 30, 2025 | 18.65 Bn |
| Mar 31, 2025 | 19.05 Bn |
| Dec 31, 2024 | 18.99 Bn |
| Sep 30, 2024 | 18.30 Bn |
| Jun 30, 2024 | 17.93 Bn |
| Mar 31, 2024 | 17.82 Bn |
| Dec 31, 2023 | 18.12 Bn |
| Sep 30, 2023 | 17.92 Bn |
| Jun 30, 2023 | 17.77 Bn |
| Mar 31, 2023 | 17.66 Bn |
| Dec 31, 2022 | 17.54 Bn |
| Sep 30, 2022 | 17.60 Bn |
| Jun 30, 2022 | 17.19 Bn |
| Mar 31, 2022 | 16.91 Bn |
| Dec 31, 2021 | 17.70 Bn |
| Sep 30, 2021 | 15.77 Bn |
| Jun 30, 2021 | 16.39 Bn |