Tenet Healthcare (THC) Operating Expenses (2009 - 2026)

Tenet Healthcare's (THC) quarterly Operating Expenses came in at $27.0 million in Q1 2026, up 58.82% year-on-year from $17.0 million in Q1 2025, and down 10.0% quarter-over-quarter from $30.0 million in Q4 2025.

Tenet Healthcare (THC) Operating Expenses (2009 - 2026) Analysis & Trends

Tenet Healthcare has disclosed Operating Expenses across 7 years of filings, most recently posting $27.0 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $27.0 million, up 58.82% year-over-year; the trailing twelve-month figure through Mar 2026 was $74.0 million (up 54.17% YoY), and the FY2025 annual result was $761.0 million, up 11.75% from the prior year.
  • Operating Expenses came in at $27.0 million for Q1 2026 at Tenet Healthcare, down from $30.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $30.0 million in Q4 2025 to a low of -$11.0 million in Q3 2025.
  • The 3-year median for Operating Expenses is $17.0 million (2024), against an average of $14.0 million.
  • Peak annual rise in Operating Expenses reached 460.0% in 2025, while the deepest fall reached 222.22% in 2025.
  • Tenet Healthcare's Operating Expenses stood at $17.0 million in 2024, then jumped by 76.47% to $30.0 million in 2025, then slipped by 10.0% to $27.0 million in 2026.
  • The last three Operating Expenses figures came in at $27.0 million (Q1 2026), $30.0 million (Q4 2025), and -$11.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 27.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 1.29 Bn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 820.65 Mn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.30 Bn
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 474.01 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 27.00 Mn
Dec 31, 2025 30.00 Mn
Sep 30, 2025 -11.00 Mn
Jun 30, 2025 28.00 Mn
Mar 31, 2025 17.00 Mn
Dec 31, 2024 17.00 Mn
Sep 30, 2024 9.00 Mn
Jun 30, 2024 5.00 Mn
Mar 31, 2024 4.00 Mn
Dec 31, 2012 7.00 Mn
Sep 30, 2012 6.00 Mn
Jun 30, 2012 3.00 Mn
Mar 31, 2012 3.00 Mn
Dec 31, 2011 2.00 Mn
Sep 30, 2011 8.00 Mn
Jun 30, 2011 2.00 Mn
Mar 31, 2011 8.00 Mn
Dec 31, 2010 9.00 Mn
Sep 30, 2010 3.00 Mn
Jun 30, 2010 -2.00 Mn