KPIs & Operating Metrics(New)
Growth Metrics

Tenet Healthcare (THC) Operating Margin (2016 - 2026)

Tenet Healthcare (THC) has disclosed Operating Margin for 18 consecutive years, with 24.14% as the latest value for Q1 2026.

  • For Q1 2026, Operating Margin rose 609.0% year-over-year to 24.14%; the TTM value through Mar 2026 reached 18.0%, up 39.0%, while the annual FY2025 figure was 16.46%, 1235.0% down from the prior year.
  • Operating Margin hit 24.14% in Q1 2026 for Tenet Healthcare, up from 15.43% in the prior quarter.
  • Across five years, Operating Margin topped out at 61.2% in Q1 2024 and bottomed at 10.74% in Q4 2022.
  • Average Operating Margin over 5 years is 17.71%, with a median of 14.9% recorded in 2024.
  • Year-over-year, Operating Margin surged 4919bps in 2024 and then tumbled -4314bps in 2025.
  • Tenet Healthcare's Operating Margin stood at 10.74% in 2022, then grew by 27bps to 13.62% in 2023, then increased by 19bps to 16.18% in 2024, then dropped by -5bps to 15.43% in 2025, then surged by 56bps to 24.14% in 2026.
  • According to Business Quant data, Operating Margin over the past three periods came in at 24.14%, 15.43%, and 16.81% for Q1 2026, Q4 2025, and Q3 2025 respectively.