Company / Operating Margin
Tenet Health Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
16.5%
FY2025
5-year range
8.3% / 28.8%
FY2021-FY2025
Trend
-42.9%
vs FY2024
Sector context
#28 of 148
Health Care
What the data says
Tenet Health's operating margin of 16.5% is higher than 81% of companies in the Health Care sector (FY2025). Operating Margin has fluctuated over the past 10 years, ranging from 5.8% in FY2017 to 33.8% in FY2019.
Based on SEC 10-K filings.
16.5% in FY2025 with a 5-year CAGR of +7.5%. Top quartile in the Health Care sector.
Improved from 14.7% to 16.5% over the past 2 years.
Health Care sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +5.2pp
- 5-Year Change
- +7.5pp
- 10-Year Change
- -
Sector benchmark
Top 19% in Health CareTop 19% of 148This company 16.5% Sector average -284.8%
▼
+105.8% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 42.9% year-over-year.
- Currently 301.2pp above the Health Care sector average.
- Peak operating margin was recorded in FY2019.
- Lowest operating margin in the period was in FY2017.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 16.5% | -42.9% |
| FY2024 | 28.8% | +95.6% |
| FY2023 | 14.7% | +30.6% |
| FY2022 | 11.3% | +35.6% |
| FY2021 | 8.3% | -6.9% |
| FY2020 | 8.9% | -73.6% |
| FY2019 | 33.8% | +278.3% |
| FY2018 | 8.9% | +54.1% |
| FY2017 | 5.8% | -8.7% |
| FY2016 | 6.4% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026