# Tenet Healthcare Corporation (THC)

**Exchange:** NYSE  
**Sector:** Healthcare  
**Market cap:** $15.73B  
**Price:** $173.17 (+5.10%)

> Tenet Healthcare Corporation is a diversified healthcare services company based in Dallas, Texas. The company operates a broad network of acute care and specialty hospitals, ambulatory surgery centers, surgical hospitals, and other outpatient facilities across the United States. Through United Surgical Partners International, Tenet Healthcare manages one of the largest ambulatory surgery platforms in the country, focusing on elective and same-day procedures. The company also supports a network of employed physicians, integrating clinical care across inpatient and outpatient settings to serve a wide range of medical and surgical needs. In addition, Tenet Healthcare provides centralized support services through a global business center in Manila, Philippines, enhancing operational efficiency and administrative functions. Within the healthcare market, Tenet Healthcare plays a significant role as a major provider of hospital and outpatient services, contributing to the delivery of surgical, emergency, and specialty care in many U.S. communities.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $21.31B | — | $3.51B | — | $15.49 |
| 2024 | $20.68B | — | $5.96B | — | $32.70 |
| 2023 | $20.56B | — | $2.51B | — | $5.71 |
| 2022 | $19.17B | — | $2.33B | — | $3.79 |
| 2021 | $19.48B | — | $2.87B | — | $8.42 |
| 2020 | $17.64B | — | $1.99B | — | $3.75 |
| 2019 | $18.48B | — | $1.54B | — | $-2.08 |
| 2018 | $18.31B | — | $1.64B | — | $1.00 |
| 2017 | $20.61B | — | $1.11B | — | $-7.00 |
| 2016 | $21.07B | — | $1.25B | — | $-1.93 |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $29.68B | $20.70B | $4.22B | $2.88B | — |
| 2024 | $28.94B | $20.39B | $4.17B | $3.02B | — |
| 2023 | $28.31B | $22.80B | $1.61B | $1.23B | — |
| 2022 | $27.16B | $22.55B | $1.14B | $858M | — |
| 2021 | $27.58B | $23.32B | $1.03B | $2.36B | — |
| 2020 | $27.11B | $24.22B | $28M | $2.45B | — |
| 2019 | $23.36B | $21.42B | -$417M | $262M | — |
| 2018 | $22.43B | $20.30B | -$119M | $411M | — |
| 2017 | $23.39B | $20.98B | -$147M | $611M | — |
| 2016 | $24.70B | $21.23B | $417M | $716M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $3.54B | $1.01B | $2.53B |
| 2024 | $2.05B | $931M | $1.12B |
| 2023 | $2.37B | $751M | $1.62B |
| 2022 | $1.08B | $762M | $321M |
| 2021 | $1.57B | $658M | $910M |
| 2020 | $3.41B | $540M | $2.87B |
| 2019 | $1.23B | $670M | $563M |
| 2018 | $1.05B | $617M | $432M |
| 2017 | $1.20B | $707M | $493M |
| 2016 | $558M | $875M | -$317M |
| 2015 | $1.03B | $842M | $184M |
| 2014 | $687M | $933M | -$246M |
| 2013 | $589M | $691M | -$102M |
| 2012 | $593M | $506M | $87M |
| 2011 | $497M | $467M | $30M |

Source: [CompaniesByCap](https://companiesbycap.com/company/THC)