Tenet Healthcare Corp (THC) Operating Margin (2009 - 2026)
Tenet Healthcare (THC) posted Operating Margin of 26.67% for Q2 2026, up 11.06 percentage points from 15.61% a year earlier and up 2.53 percentage points from the prior quarter.
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Analysis
Tenet Healthcare Corp (THC) Operating Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Tenet Healthcare was 20.81%, up 3.05 percentage points year-over-year; for FY2025, it was 16.46%, down 12.35 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +5.19 percentage points (FY2020 to FY2025).
- In prior years, Tenet Healthcare's Operating Margin was 28.81% in FY2024 (+16.60 pp), 12.21% in FY2023 (+0.04 pp), 12.17% in FY2022 (-2.57 pp) and 14.73% in FY2021 (+3.46 pp).
- The Q2 2026 figure stands as the highest quarterly Operating Margin since Q1 2024.
- On a year-over-year basis, Operating Margin increased in five of the last eight quarters, with an average year-over-year change of -2.23 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2024, with a gain of 49.19 percentage points; the weakest was Q1 2025, with a drop of 43.14 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 24.14% (Q1 2026), 15.43% (Q4 2025) and 16.81% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.67% |
| Mar 31, 2026 | 24.14% |
| Dec 31, 2025 | 15.43% |
| Sep 30, 2025 | 16.81% |
| Jun 30, 2025 | 15.61% |
| Mar 31, 2025 | 18.05% |
| Dec 31, 2024 | 16.18% |
| Sep 30, 2024 | 21.24% |
| Jun 30, 2024 | 14.90% |
| Mar 31, 2024 | 61.20% |
| Dec 31, 2023 | 13.62% |
| Sep 30, 2023 | 11.21% |
| Jun 30, 2023 | 11.89% |
| Mar 31, 2023 | 12.01% |
| Dec 31, 2022 | 10.74% |
| Sep 30, 2022 | 12.41% |
| Jun 30, 2022 | 11.92% |
| Mar 31, 2022 | 13.66% |
| Dec 31, 2021 | 15.47% |
| Sep 30, 2021 | 20.72% |
API Access
Tenet Healthcare Corp Operating Margin 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-margin&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();