TENET HEALTHCARE CORPTHCEarnings & Financial Report
Tenet Healthcare Corporation is an American for-profit multinational healthcare services company based in Dallas. Through its brands, subsidiaries, joint ventures, and partnerships including United Surgical Partners International (USPI), the company operates 65 hospitals and over 450 healthcare facilities. Tenet also runs Conifer Health Solutions, which provides healthcare support services to health systems and other clients.
THC Q3 2025 Key Financial Metrics
Revenue
$5.3B
Gross Profit
N/A
Operating Profit
$889.0M
Net Profit
$579.0M
Gross Margin
N/A
Operating Margin
16.8%
Net Margin
10.9%
YoY Growth
3.3%
EPS
$3.86
Financial Flow
TENET HEALTHCARE CORP Q3 2025 Financial Summary
TENET HEALTHCARE CORP reported revenue of $5.3B for Q3 2025, with a net profit of $579.0M (10.9% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $5.3B |
|---|---|
| Net Profit | $579.0M |
| Gross Margin | N/A |
| Operating Margin | 16.8% |
| Report Period | Q3 2025 |
TENET HEALTHCARE CORP Annual Revenue by Year
TENET HEALTHCARE CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $20.7B).
| Year | Annual Revenue |
|---|---|
| 2024 | $20.7B |
| 2023 | $20.5B |
| 2022 | $19.2B |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.38B | $5.37B | $5.10B | $5.12B | $5.07B | $5.22B | $5.27B | $5.29B |
| YoY Growth | 7.8% | 6.9% | 0.4% | 1.1% | -5.7% | -2.7% | 3.3% | 3.3% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $28.31B | $28.91B | $29.27B | $29.37B | $28.94B | $29.24B | $28.70B | $29.42B |
| Liabilities | $22.80B | $21.24B | $21.40B | $21.30B | $20.39B | $20.58B | $20.40B | $20.72B |
| Equity | $1.61B | $3.45B | $3.48B | $3.83B | $4.17B | $4.18B | $3.75B | $4.01B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $824.0M | $586.0M | $747.0M | $1.04B | $-331.0M | $815.0M | $936.0M | $1.06B |
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