FY2025 · ended Dec 31, 2025 · Revenue $21.31B, +3.1% YoY · Filed Feb 17, 2026
Tenet Healthcare Corp (THC) files with the SEC under industry code 8062, Services-General Medical & Surgical Hospitals, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $21.3 billion and net income of $2.4 billion. Free cash flow was $2.5 billion. As of Sep 30, 2026 it held $2.7 billion in cash and investments and $13.2 billion in total debt.
Revenue (TTM)
$22.15B
+6.2% vs year-ago TTM
Net income (TTM)
$3.81B
+66.2% vs year-ago TTM
Operating cash flow (TTM)
$4.24B
+71.0% vs year-ago TTM
Free cash flow (TTM)
$3.33B
+121.6% vs year-ago TTM
EPS (TTM)
$34.09
+133.8% vs year-ago TTM
Dividend per share
None
Shares outstanding
86.96M
-8.6% vs prior year
Net cash
$-10.57B
as of Sep 30, 2026
Operating margin
24.4%
FY 2026
Company profile
- Industry
- Services-General Medical & Surgical Hospitals, NEC (SIC 8062)
- Listed as
- THC (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Dallas, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 70318
- Former names
- NATIONAL MEDICAL ENTERPRISES INC /NV/ (until Mar 27, 1995)
Other Services-General Medical & Surgical Hospitals, NEC companies
- HCA Healthcare, Inc. HCA
- Universal Health Services Inc UHS
- Surgery Partners, Inc. SGRY
- Ardent Health, Inc. ARDT
- Community Health Systems Inc CYH
All 6 Services-General Medical & Surgical Hospitals, NEC companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $21.3B | $20.7B | $20.6B | $19.2B | $19.5B |
| Operating income | $3.5B | $6.0B | $2.5B | $2.3B | $2.9B |
| Net income | $2.4B | $4.1B | $1.3B | $1.0B | $1.5B |
| Diluted EPS | $15.49 | $32.70 | $5.71 | $3.79 | $8.42 |
| Operating cash flow | $3.5B | $2.0B | $2.4B | $1.1B | $1.6B |
| Free cash flow | $2.5B | $1.1B | $1.6B | $321.0M | $910.0M |
| Total assets | $29.7B | $28.9B | $28.3B | $27.2B | $27.6B |
| Total liabilities | $20.7B | $20.4B | $22.8B | $22.5B | $23.3B |
| Stockholders' equity | $4.2B | $4.2B | $1.6B | $1.1B | $1.0B |
| Cash and investments | $2.9B | $3.1B | $1.3B | $888.0M | $2.4B |
| Total debt | $14.4B | $14.3B | $16.2B | $16.3B | $16.8B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 29, 2026 | Oct 29, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Sep 22, 2026 | Sep 22, 2026 |
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Sep 8, 2026 | Sep 8, 2026 |
| 10-Q | Quarterly report | Jul 29, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 23, 2026 | Jul 23, 2026 |
All 1001 Tenet Healthcare Corp SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.