Tenet Health Income Statement

THC / Health Care|15 years of annual SEC 10-K data (FY2011-FY2025)

Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.

Tenet Health reported $21.3B in revenue and $2.4B in net income for FY2025. Revenue has grown at a 0.9% compound annual rate over the past 9 years.

Based on SEC 10-K filings.

Key Data Points

High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Revenue	$21.3B	$20.7B	$19.5B	$17.6B	$18.5B	$18.3B	$4.5B	$18.3B	$19.2B	$19.6B	-	-	-	-	-
Operating Income	$3.5B	$6.0B	$2.9B	$2.0B	$1.5B	$1.6B	$1.5B	$1.6B	$1.1B	$1.2B	$1.1B	$925.0M	$663.0M	$749.0M	$653.0M
Interest Expense	-	-	$923.0M	$1.0B	$985.0M	$1.0B	$985.0M	$1.0B	$1.0B	$979.0M	$912.0M	$754.0M	$474.0M	$412.0M	$375.0M
Income Tax	$433.0M	$1.2B	$411.0M	-$97.0M	$160.0M	$173.0M	$160.0M	$173.0M	$219.0M	$67.0M	$68.0M	$49.0M	-$65.0M	$125.0M	$61.0M
Net Income	$2.4B	$4.1B	$1.5B	$768.0M	$171.0M	$459.0M	$171.0M	$459.0M	-$320.0M	$176.0M	$78.0M	$76.0M	-$104.0M	$133.0M	$94.0M
EPS (Basic)	$6.01	$3.84	$8.55	$3.80	-$2.08	$1.02	-$7.00	-$1.93	-$7.00	-$1.93	-$1.41	$0.12	-$1.32	$1.35	$0.49
EPS (Diluted)	$5.71	$3.79	$8.42	$3.75	-$2.08	$1.00	-$7.00	-$1.93	-$7.00	-$1.93	-$1.41	$0.12	-$1.32	$1.30	$0.48
Shares Outstanding	104.8M	110.5M	108.6M	106.3M	103.4M	103.9M	100.6M	99.3M	100.6M	99.3M	99.2M	100.3M	101.6M	108.9M	121.3M
Operating Margin	16.5%	28.8%	14.7%	11.3%	8.3%	8.9%	33.8%	8.9%	5.8%	6.4%	-	-	-	-	-
Profit Margin	11.1%	19.7%	7.6%	4.3%	0.9%	2.5%	3.8%	2.5%	-1.7%	0.9%	-	-	-	-	-

Other Financial Statements

Balance Sheet Cash Flow Statement All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Tenet Health Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Revenue

$21.3B

$20.7B

$19.5B

$17.6B

$18.5B

$18.3B

$4.5B

$18.3B

$19.2B

$19.6B

Operating Income

$3.5B

$6.0B

$2.9B

$2.0B

$1.5B

$1.6B

$1.5B

$1.6B

$1.1B

$1.2B

$1.1B

$925.0M

$663.0M

$749.0M

$653.0M

Interest Expense

$923.0M

$1.0B

$985.0M

$1.0B

$985.0M

$1.0B

$979.0M

$912.0M

$754.0M

$474.0M

$412.0M

$375.0M

Income Tax

$433.0M

$1.2B

$411.0M

-$97.0M

$160.0M

$173.0M

$160.0M

$173.0M

$219.0M

$67.0M

$68.0M

$49.0M

-$65.0M

$125.0M

$61.0M

Net Income

$2.4B

$4.1B

$1.5B

$768.0M

$171.0M

$459.0M

$171.0M

$459.0M

-$320.0M

$176.0M

$78.0M

$76.0M

-$104.0M

$133.0M

$94.0M

EPS (Basic)

$6.01

$3.84

$8.55

$3.80

-$2.08

$1.02

-$7.00

-$1.93

-$7.00

-$1.93

-$1.41

$0.12

-$1.32

$1.35

$0.49

EPS (Diluted)

$5.71

$3.79

$8.42

$3.75

-$2.08

$1.00

-$7.00

-$1.93

-$7.00

-$1.93

-$1.41

$0.12

-$1.32

$1.30

$0.48

Shares Outstanding

104.8M

110.5M

108.6M

106.3M

103.4M

103.9M

100.6M

99.3M

100.6M

99.3M

99.2M

100.3M

101.6M

108.9M

121.3M

Operating Margin

16.5%

28.8%

14.7%

11.3%

8.3%

8.9%

33.8%

8.9%

5.8%

6.4%

Profit Margin

11.1%

19.7%

7.6%

4.3%

0.9%

2.5%

3.8%

2.5%

-1.7%

0.9%