Tenet Healthcare (THC) Operating Income (2009 - 2026)
Tenet Healthcare (THC) recorded Operating Income of $1.75 billion in Q3 2026, up 96.9% from $889 million a year earlier and up 16.6% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Operating Income (2009 - 2026) Analysis & Trends
On a TTM basis, Tenet Healthcare's Operating Income came in at $5.4 billion as of Sep 30, 2026, up 55.4% year-over-year; for FY2025, it was $3.51 billion, down 41.1% from FY2024.
- Annual Operating Income has a five-year compound annual growth rate of 12.0% (FY2020 to FY2025).
- Across earlier years, Operating Income came in at $5.96 billion in FY2024 (+137.3%), $2.51 billion in FY2023 (+7.6%), $2.33 billion in FY2022 (-18.7%) and $2.87 billion in FY2021 (+44.3%).
- The Q3 2026 figure is the highest quarterly Operating Income since Q1 2024.
- On a year-over-year basis, Operating Income has increased for four consecutive quarters, with growth averaging 18.8% over the last eight quarters.
- Peak year-over-year performance for Operating Income in the last five years was growth of 444.8% in Q1 2024, against a decline of 71.3% in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.5 billion (Q2 2026), $1.3 billion (Q1 2026) and $853 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | - |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | -68.32 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | 402.10 Mn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | 479.00 Mn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | 1.75 Bn |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | -132.77 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | 160.48 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | -56.86 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | - |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn | 499.26 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.75 Bn |
| 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 |
API Access
Tenet Healthcare Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();