THC · XBRL financial data

Tenet Healthcare financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (THC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	17,640	19,485	19,174	20,548	20,665	21,310
Operating income (loss)	1,989	2,871	2,333	2,510	5,956	3,508
Interest expense	1,003	923	890	901	826	821
Other income (expense)	1	14	10	19	126	117
Income tax expense (benefit)	(97)	411	344	306	1,184	433
Earnings per share, basic USD per share	3.80	8.55	3.84	6.01	33.02	15.61
Earnings per share, diluted USD per share	3.75	8.42	3.79	5.71	32.70	15.49
Weighted average shares, basic millions of shares	105	107	107	102	97	90
Weighted average shares, diluted millions of shares	106	109	111	105	98	91

Fiscal years (THC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	2,446	2,364	858	1,228	3,019	2,883
Marketable securities, non-current	3	9	30	48	50	59
Accounts receivable	2,690	2,770	2,943	2,914	2,536	2,565
Inventory	368	384	405	411	346	348
Total current assets	7,147	7,075	5,981	7,167	7,682	7,849
Right-of-use asset	1,062	1,002	1,129	1,083	1,037	1,134
Goodwill	8,808	9,261	10,123	10,307	10,691	11,198
Total assets	27,106	27,579	27,156	28,312	28,936	29,677
Accounts payable	1,207	1,300	1,504	1,408	1,294	1,360
Total current liabilities	4,847	5,109	4,476	4,760	4,310	4,463
Lease liability, non-current	999	924	1,046	1,007	950	1,043
Total liabilities	24,217	23,322	22,548	22,804	20,389	20,704
Retained earnings (accumulated deficit)	(2,128)	(1,214)	(803)	(192)	3,008	4,415
Total stockholders' equity	28	1,028	1,142	1,608	4,171	4,220
Total liabilities and equity	27,106	27,579	27,156	28,312	28,936	29,677
Common shares outstanding (cover page) millions of shares	106	107	102	100	95	87

Fiscal years (THC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Stock-based compensation	44	56	56	66	67	104
Depreciation and amortization	857	855	841	870	818	863
Net cash from operating activities	3,407	1,568	1,083	2,374	2,047	3,540
Purchases of property and equipment	540	658	762	751	931	1,010
Net cash from investing activities	(1,608)	(714)	(808)	(969)	3,429	(1,275)
Share repurchases	0	0	250	200	672	1,386
Net cash from financing activities	385	(936)	(1,781)	(1,035)	(3,685)	(2,401)
Net change in cash	2,184	(82)	(1,506)	370	1,791	(136)

SIC 8062 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 8062 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Tenet Healthcare	2,674	5,631	1,281*	79.6M	Q3 FY26 10-QSep 30, 2026
Encompass Health	76	1,610	362*	98.1M	Q3 FY26 10-QSep 30, 2026
Universal Health Services	139	4,638	443*	not reported	Q2 FY26 10-QJun 30, 2026
Surgery Partners	217	not reported	59*	130.9M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.