Tenet Healthcare (THC) Net Margin (2009 - 2026)
Tenet Healthcare recorded quarterly Net Margin of 13.08% in Q1 2026, up 94.82% quarter-over-quarter from 6.71% in Q4 2025, and up 530.0% year-over-year from 2.08% in Q1 2025.
Tenet Healthcare's Net Margin history runs 18 years deep, the most recent figure standing at 13.08% for Q1 2026.
- In Q1 2026, Net Margin rose 530.0% year-over-year to 13.08%; the TTM figure through Mar 2026 stood at 7.94% (up 85.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 7.08% and a median of 5.07% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 3722 bps in 2024 and sank 3230 bps in 2025, its largest moves.
- Tenet Healthcare's Net Margin stood at 2.04% in 2022, then jumped by 121 bps to 4.52% in 2023, then jumped by 39 bps to 6.27% in 2024, then grew by 7 bps to 6.71% in 2025, then surged by 95 bps to 13.08% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 13.08%, 6.71%, and 6.47% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 84.64 Bn | 87.02 Bn | 16.26 Bn | 9.72% |
| 2 | Tenet Healthcare | 15.22 Bn | 14.39 Bn | 4.41 Bn | 13.08% |
| 3 | Davita | 13.10 Bn | 13.96 Bn | 1.07 Bn | 8.05% |
| 4 | Encompass Health | 10.50 Bn | 11.12 Bn | 1.34 Bn | 1.00% |
| 5 | Ensign | 9.69 Bn | 9.09 Bn | 293.37 Mn | 6.93% |
| 6 | Universal Health Services | 8.92 Bn | 8.88 Bn | 3.21 Bn | 7.76% |
| 7 | Fresenius Medical Care AG | 7.31 Bn | 4.93 Bn | 22,843.10 Bn | 0.00% |
| 8 | Chemed | 5.83 Bn | 5.81 Bn | 215.76 Mn | 10.08% |
| 9 | Pacs | 5.76 Bn | 5.51 Bn | 345.96 Mn | 5.68% |
| 10 | Option Care Health | 3.27 Bn | 3.09 Bn | 262.01 Mn | 3.35% |
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% |
| Mar 31, 2021 | 2.03% |
| Dec 31, 2020 | 8.42% |
| Sep 30, 2020 | -4.30% |
| Jun 30, 2020 | 2.41% |
| Mar 31, 2020 | 2.06% |
| Dec 31, 2019 | -0.06% |
| Sep 30, 2019 | -4.95% |
| Jun 30, 2019 | 0.57% |
| Mar 31, 2019 | -0.26% |
| Dec 31, 2018 | -0.11% |
| Sep 30, 2018 | -0.20% |
| Jun 30, 2018 | 0.58% |
| Mar 31, 2018 | 2.11% |
| Dec 31, 2017 | -4.60% |
| Sep 30, 2017 | -8.00% |
| Jun 30, 2017 | -1.15% |
| Mar 31, 2017 | -1.10% |
| Dec 31, 2016 | -1.25% |
| Sep 30, 2016 | -0.16% |
| Jun 30, 2016 | -0.94% |
| Mar 31, 2016 | -1.09% |
| Dec 31, 2015 | -1.49% |
| Sep 30, 2015 | -0.57% |
| Jun 30, 2015 | -1.26% |
| Mar 31, 2015 | 1.06% |
| Dec 31, 2014 | 1.06% |
| Sep 30, 2014 | 0.20% |
| Jun 30, 2014 | -0.60% |
| Mar 31, 2014 | -0.74% |
| Dec 31, 2013 | -0.50% |
| Sep 30, 2013 | 1.07% |
| Jun 30, 2013 | -2.06% |
| Mar 31, 2013 | -3.69% |
| Dec 31, 2012 | 1.57% |
| Sep 30, 2012 | 1.80% |
| Jun 30, 2012 | -0.26% |
| Mar 31, 2012 | 2.52% |
| Dec 31, 2011 | -3.50% |
| Sep 30, 2011 | 0.29% |
| Jun 30, 2011 | 2.58% |
| Mar 31, 2011 | 3.18% |
| Dec 31, 2010 | 1.18% |
| Sep 30, 2010 | -0.27% |
| Jun 30, 2010 | -0.69% |
| Mar 31, 2010 | -0.04% |
| Sep 30, 2009 | -0.22% |
| Jun 30, 2009 | -0.76% |