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
DateValue
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