Tenet Healthcare (THC) Operating Income (2009 - 2026)
Tenet Healthcare (THC) posted Operating Income of $1.5 billion for Q2 2026, up 15.82% sequentially from $1.3 billion in Q1 2026, and up 82.38% YoY from $823.0 million in Q2 2025.
Tenet Healthcare (THC) Operating Income (2009 - 2026) Analysis & Trends
Tenet Healthcare has reported Operating Income for 18 years, with the latest figure at $1.5 billion in Q2 2026.
- Quarterly Operating Income rose 82.38% year-over-year to $1.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.5 billion (up 23.48% YoY) and the FY2025 annual result came in at $3.5 billion, down 41.1% from the prior year.
- Operating Income rose to $1.5 billion in Q2 2026 per THC's latest filing, from $1.3 billion in the prior quarter.
- Over five years, Operating Income peaked at $3.3 billion in Q1 2024 and troughed at $536.0 million in Q4 2022.
- A 5-year average of $950.2 million and a median of $791.0 million in 2024 frame the typical range for Operating Income.
- The sharpest annual moves came in 2024 and 2025: Operating Income surged 444.78% in 2024, then slumped 71.29% in 2025.
- Over 5 years, Operating Income stood at $536.0 million in 2022, then soared by 37.13% to $735.0 million in 2023, then gained by 11.7% to $821.0 million in 2024, then climbed by 3.9% to $853.0 million in 2025, then soared by 75.97% to $1.5 billion in 2026.
- According to Business Quant data, Operating Income over the past three periods registered $1.5 billion, $1.3 billion, and $853.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 89.17 Bn | 88.16 Bn | 15.19 Bn | -2.55 Bn |
| 2 | Tenet Healthcare | 22.30 Bn | 20.13 Bn | 4.45 Bn | 1.50 Bn |
| 3 | Encompass Health | 12.22 Bn | 12.08 Bn | 1.34 Bn | 33.50 Mn |
| 4 | Davita | 11.68 Bn | 10.99 Bn | 1.16 Bn | 579.00 Mn |
| 5 | Ensign | 10.53 Bn | 10.21 Bn | 306.24 Mn | 122.50 Mn |
| 6 | Universal Health Services | 10.14 Bn | 10.00 Bn | 3.29 Bn | 516.68 Mn |
| 7 | Pacs | 7.07 Bn | 6.91 Bn | 338.46 Mn | 109.33 Mn |
| 8 | Chemed | 7.04 Bn | 7.00 Bn | 221.47 Mn | 89.20 Mn |
| 9 | Fresenius Medical Care AG | 6.38 Bn | 4.69 Bn | 1.52 Bn | 541.49 Mn |
| 10 | Concentra Group Holdings Parent | 4.43 Bn | 4.28 Bn | 192.10 Mn | 115.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.50 Bn |
| Mar 31, 2026 | 1.30 Bn |
| Dec 31, 2025 | 853.00 Mn |
| Sep 30, 2025 | 889.00 Mn |
| Jun 30, 2025 | 823.00 Mn |
| Mar 31, 2025 | 943.00 Mn |
| Dec 31, 2024 | 821.00 Mn |
| Sep 30, 2024 | 1.09 Bn |
| Jun 30, 2024 | 761.00 Mn |
| Mar 31, 2024 | 3.29 Bn |
| Dec 31, 2023 | 735.00 Mn |
| Sep 30, 2023 | 568.00 Mn |
| Jun 30, 2023 | 604.00 Mn |
| Mar 31, 2023 | 603.00 Mn |
| Dec 31, 2022 | 536.00 Mn |
| Sep 30, 2022 | 596.00 Mn |
| Jun 30, 2022 | 553.00 Mn |
| Mar 31, 2022 | 648.00 Mn |
| Dec 31, 2021 | 751.00 Mn |
| Sep 30, 2021 | 1.01 Bn |