Tenet Healthcare (THC) Operating Income (2009 - 2026)
Tenet Healthcare's (THC) quarterly Operating Income came in at $1.3 billion in Q1 2026, up 37.43% year-on-year from $943.0 million in Q1 2025, and up 51.93% quarter-over-quarter from $853.0 million in Q4 2025.
Tenet Healthcare (THC) Operating Income (2009 - 2026) Analysis & Trends
Tenet Healthcare has disclosed Operating Income across 18 years of filings, most recently posting $1.3 billion for Q1 2026.
- Operating Income for Q1 2026 came in at $1.3 billion, up 37.43% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.9 billion (up 6.83% YoY), and the FY2025 annual result was $3.5 billion, down 41.1% from the prior year.
- Operating Income came in at $1.3 billion for Q1 2026 at Tenet Healthcare, up from $853.0 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $3.3 billion in Q1 2024 to a low of $536.0 million in Q4 2022.
- The 5-year median for Operating Income is $761.0 million (2024), against an average of $917.8 million.
- Across the five-year window, Operating Income soared 444.78% in 2024 and slumped 71.29% in 2025, its largest moves.
- Tenet Healthcare's Operating Income stood at $536.0 million in 2022, then jumped by 37.13% to $735.0 million in 2023, then increased by 11.7% to $821.0 million in 2024, then gained by 3.9% to $853.0 million in 2025, then jumped by 51.93% to $1.3 billion in 2026.
- The last three Operating Income figures came in at $1.3 billion (Q1 2026), $853.0 million (Q4 2025), and $889.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | -566.00 Mn |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 1.30 Bn |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 481.89 Mn |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 59.70 Mn |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 124.85 Mn |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 502.86 Mn |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | 2.13 Bn |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 84.58 Mn |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 120.04 Mn |
| 10 | Concentra Group Holdings Parent | 3.59 Bn | 3.54 Bn | 170.47 Mn | 95.61 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 586.00 Mn |