KPIs & Operating Metrics(New)
Growth Metrics

Tenet Healthcare (THC) Net Margin (2016 - 2025)

Tenet Healthcare's Net Margin history spans 17 years, with the latest figure at 6.71% for Q4 2025.

  • For Q4 2025, Net Margin rose 45.0% year-over-year to 6.71%; the TTM value through Dec 2025 reached 6.6%, down 888.0%, while the annual FY2025 figure was 6.6%, 888.0% down from the prior year.
  • Net Margin for Q4 2025 was 6.71% at Tenet Healthcare, up from 6.47% in the prior quarter.
  • Across five years, Net Margin topped out at 40.07% in Q1 2024 and bottomed at 0.02% in Q2 2021.
  • The 5-year median for Net Margin is 4.52% (2023), against an average of 5.83%.
  • The largest annual shift saw Net Margin surged 3722bps in 2024 before it crashed -3230bps in 2025.
  • A 5-year view of Net Margin shows it stood at 5.13% in 2021, then crashed by -60bps to 2.04% in 2022, then skyrocketed by 121bps to 4.52% in 2023, then soared by 38bps to 6.26% in 2024, then grew by 7bps to 6.71% in 2025.
  • Per Business Quant, the three most recent readings for THC's Net Margin are 6.71% (Q4 2025), 6.47% (Q3 2025), and 5.46% (Q2 2025).