SequelSEC

TENET HEALTHCARE CORP THC

Services-General Medical & Surgical Hospitals, NEC · CIK 0000070318 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$22.15B
Fiscal year ended 2026-09-30
Operating income
$5.40B
Fiscal year ended 2026-09-30
Free cash flow
$3.33B
Fiscal year ended 2026-09-30

Valuation, from the filing

Public float$12.20BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$140.29Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.6×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity2.0×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Services-General Medical & Surgical Hospitals, NEC filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
FCF margin11.9%100th
Revenue YoY growth3.1%20th
Effective tax rate15.5%25th
Current ratio1.76x60th
CapEx / revenue4.7%50th
SBC / revenue0.5%50th

TENET HEALTHCARE CORP (THC) reported revenue of $22.15B for the fiscal year ended 2026-09-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from TENET HEALTHCARE CORP’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-General Medical & Surgical Hospitals, NEC.

Income

TENET HEALTHCARE CORP income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Revenue$22.15B
Cost of revenueUnavailable
Gross profitUnavailable
Operating income$5.40B
Net incomeUnavailable
Research & developmentUnavailable
Weighted-average diluted sharesUnavailable
Pretax incomeUnavailable
Income tax expense$918.00M
Diluted EPSUnavailable
Selling, general & administrativeUnavailable
General & administrativeUnavailable
Selling & marketingUnavailable

Balance

TENET HEALTHCARE CORP balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Cash & equivalents$2.67B
Total assets$31.59B
Current assets$8.43B
Total liabilities$22.00B
Current liabilities$5.32B
Total equity incl. NCI$7.42B
Temporary (mezzanine) equity$2.18B
Inventory$340.00M
Accounts receivable$2.60B
Goodwill$11.64B
Long-term debt$13.08B
Accounts payable$1.39B

Cash flow

TENET HEALTHCARE CORP cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Operating cash flow$4.24B
Capital expenditures$910.00M
Investing cash flow-$1.21B
Financing cash flow-$3.33B
Net change in cash-$301.00M
Stock-based compensation$129.00M
Common dividends paidUnavailable
Common share repurchases$1.81B
Depreciation & amortization$892.00M

Derived

TENET HEALTHCARE CORP derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-09-30
Free cash flow$3.33B
Gross marginUnavailable
Operating margin24.4%
FCF margin15.0%
SBC / revenue0.6%
Current ratio1.58x
Revenue YoY growth6.2%
Net marginUnavailable
R&D / revenueUnavailable
CapEx / revenue4.1%
Long-term debt / equity1.76x
Effective tax rateUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open THC in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-29View SEC filing
10-Q · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-30View SEC filing
10-K · Filed 2026-02-17View SEC filing
10-Q · Filed 2025-10-28View SEC filing
10-Q · Filed 2025-07-30View SEC filing

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.