Tenet Healthcare (THC) Net Margin (2009 - 2026)
Tenet Healthcare (THC) posted Net Margin of 14.68% for Q2 2026, up 12.23% sequentially from 13.08% in Q1 2026, and up 921.0% YoY from 1.44% in Q2 2025.
Tenet Healthcare (THC) Net Margin (2009 - 2026) Analysis & Trends
Tenet Healthcare has reported Net Margin for 18 years, with the latest figure at 14.68% in Q2 2026.
- Quarterly Net Margin rose 921.0% year-over-year to 14.68% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 10.27% (up 310.0% YoY) and the FY2025 annual result came in at 6.6%, down 888.0% from the prior year.
- Net Margin climbed to 14.68% in Q2 2026 per THC's latest filing, from 13.08% in the prior quarter.
- Over five years, Net Margin peaked at 40.07% in Q1 2024 and troughed at 0.82% in Q2 2022.
- A 5-year average of 7.51% and a median of 5.27% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2024 and 2025: Net Margin soared 3722 bps in 2024, then slumped 3230 bps in 2025.
- Over 5 years, Net Margin stood at 2.04% in 2022, then surged by 121 bps to 4.52% in 2023, then surged by 39 bps to 6.27% in 2024, then increased by 7 bps to 6.71% in 2025, then jumped by 119 bps to 14.68% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 14.68%, 13.08%, and 6.71% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 9.54% |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 14.68% |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | -0.04% |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 9.66% |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 6.93% |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 7.73% |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 5.35% |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 10.06% |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 11.10% |
| 10 | Option Care Health | 3.59 Bn | 3.39 Bn | 267.25 Mn | 3.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 14.68% |
| 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% |