Tenet Healthcare (THC) Net Margin (2009 - 2026)
Tenet Healthcare (THC) posted Net Margin of 13.08% for Q1 2026, up 94.82% sequentially from 6.71% in Q4 2025, and up 530.0% YoY from 2.08% in Q1 2025.
Tenet Healthcare (THC) Net Margin (2009 - 2026) Analysis & Trends
Tenet Healthcare (THC) has 18 years of Net Margin data on file, last reported at 13.08% in Q1 2026.
- Quarterly Net Margin rose 530.0% year-over-year to 13.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 7.94% (up 85.0% YoY) and the FY2025 annual result came in at 6.6%, down 888.0% from the prior year.
- Net Margin improved to 13.08% in Q1 2026 per THC's latest filing, from 6.71% in the prior quarter.
- The five-year high for Net Margin was 40.07% in Q1 2024, with the low at 0.82% in Q2 2022.
- Average Net Margin over 5 years is 7.08%, with a median of 5.07% recorded in 2024.
- Year-over-year, Net Margin surged 3722 bps in 2024 and plunged 3230 bps in 2025.
- 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 rose by 7 bps to 6.71% in 2025, then jumped by 95 bps to 13.08% in 2026.
- Business Quant data shows THC's Net Margin at 13.08% in Q1 2026, 6.71% in Q4 2025, and 6.47% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 9.72% |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 10.08% |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 13.08% |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 8.05% |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 1.00% |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 6.93% |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 7.76% |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 5.68% |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | 552.25% |
| 10 | Brookdale Senior Living | 3.76 Bn | 3.50 Bn | 727.83 Mn | -0.90% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |