Tenet Healthcare (THC) Return on Assets [ROA] (2009 - 2026)
Tenet Healthcare (THC) reported Return on Assets [ROA] of 12.25% for Q3 2026, up 4.35 percentage points from 7.90% a year earlier and up 1.99 percentage points from the prior quarter.
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Analysis
Tenet Healthcare (THC) Return on Assets [ROA] (2009 - 2026) Analysis & Trends
For FY2025, Tenet Healthcare posted Return on Assets [ROA] of 8.08%, down 6.12 percentage points from FY2024.
- Return on Assets [ROA] has a five-year change of +5.03 percentage points (FY2020 to FY2025).
- By year, Return on Assets [ROA] came in at 14.20% in FY2024 (+9.47 pp), 4.73% in FY2023 (+1.07 pp), 3.66% in FY2022 (-1.74 pp) and 5.40% in FY2021 (+2.35 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Assets [ROA] since Q4 2024.
- Year over year, Return on Assets [ROA] has now increased in each of the last three quarters, with an average year-over-year change of -0.35 percentage points over the last eight quarters.
- The high point for year-over-year Return on Assets [ROA] in five years was Q3 2024 (a gain of 9.34 percentage points); the low point was Q4 2025 (a drop of 5.93 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 10.26% (Q2 2026), 8.71% (Q1 2026) and 8.01% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROA (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 12.31% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -6.09% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 5.37% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 6.91% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | -25.54% |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 6.70% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -7.92% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 11.48% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 6.86% |
| 10 | Tenet Healthcare | 231.04 Mn | -8.28 Bn | 4.65 Bn | 12.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.25% |
| Jun 30, 2026 | 10.26% |
| Mar 31, 2026 | 8.71% |
| Dec 31, 2025 | 8.01% |
| Sep 30, 2025 | 7.90% |
| Jun 30, 2025 | 8.27% |
| Mar 31, 2025 | 8.09% |
| Dec 31, 2024 | 13.94% |
| Sep 30, 2024 | 13.47% |
| Jun 30, 2024 | 12.15% |
| Mar 31, 2024 | 11.71% |
| Dec 31, 2023 | 4.69% |
| Sep 30, 2023 | 4.12% |
| Jun 30, 2023 | 4.17% |
| Mar 31, 2023 | 3.75% |
| Dec 31, 2022 | 3.69% |
| Sep 30, 2022 | 4.27% |
| Jun 30, 2022 | 5.47% |
| Mar 31, 2022 | 5.66% |
| Dec 31, 2021 | 5.52% |
API Access
Tenet Healthcare Return on Assets [ROA] 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=return-on-assets-%5Broa%5D&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-assets-[roa]", "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=return-on-assets-%5Broa%5D&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();