Tenet Healthcare (THC) Net Margin (2009 - 2026)

Tenet Healthcare's (THC) quarterly Net Margin came in at 13.08% in Q1 2026, up 530.0% year-on-year from 2.08% in Q1 2025, and up 94.82% quarter-over-quarter from 6.71% in Q4 2025.

Tenet Healthcare (THC) Net Margin (2009 - 2026) Analysis & Trends

Tenet Healthcare has disclosed Net Margin across 18 years of filings, most recently posting 13.08% for Q1 2026.

  • Net Margin for Q1 2026 came in at 13.08%, up 530.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 7.94% (up 85.0% YoY), and the FY2025 annual result was 6.6%, down 888.0% from the prior year.
  • Net Margin came in at 13.08% for Q1 2026 at Tenet Healthcare, up from 6.71% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 40.07% in Q1 2024 to a low of 0.82% in Q2 2022.
  • The 5-year median for Net Margin is 5.07% (2024), against an average of 7.08%.
  • Across the five-year window, Net Margin jumped 3722 bps in 2024 and slumped 3230 bps in 2025, its largest moves.
  • Tenet Healthcare's Net Margin stood at 2.04% in 2022, then soared by 121 bps to 4.52% in 2023, then soared by 39 bps to 6.27% in 2024, then climbed by 7 bps to 6.71% in 2025, then jumped by 95 bps to 13.08% in 2026.
  • The last three Net Margin figures came in at 13.08% (Q1 2026), 6.71% (Q4 2025), and 6.47% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 9.72%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 13.08%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 8.05%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 1.00%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 6.93%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 7.76%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 300.60%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 10.08%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 5.68%
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 9.18%

Historic Data

Download Data
DateValue
Mar 31, 2026 13.08%
Dec 31, 2025 6.71%
Sep 30, 2025 6.47%
Jun 30, 2025 5.46%
Mar 31, 2025 7.77%
Dec 31, 2024 6.27%
Sep 30, 2024 9.21%
Jun 30, 2024 5.07%
Mar 31, 2024 40.07%
Dec 31, 2023 4.52%
Sep 30, 2023 1.99%
Jun 30, 2023 2.42%
Mar 31, 2023 2.85%
Dec 31, 2022 2.04%
Sep 30, 2022 2.73%
Jun 30, 2022 0.82%
Mar 31, 2022 2.95%
Dec 31, 2021 5.13%
Sep 30, 2021 9.17%
Jun 30, 2021 2.40%