TENET HEALTHCARE CORP

THCCIK 000007031818 fiscal years

RevenueFY2025

$21.31B3.1%

Net incomeFY2025

$1.41B56.0%

Free cash flowFY2025

$2.53B126.7%

Diluted EPSFY2025

$15.4952.6%

Trends

FY2016–FY2025 · hover a year for its filing

Revenue & net incomeRevenueNet income

net margin -0.9% → 6.6%

MarginsNet marginFCF margin

FY2025: net 6.6% · free cash flow 11.9% of revenue

Cash flowOperating cash flowFree cash flow

FY2025: $3.54B operating cash − $1.01B capex = $2.53B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 28% (FY2009) → 33% (FY2025) · on assets 4.7%

Balance sheetLiabilitiesEquity

FY2025: $29.68B assets · $20.70B liabilities · $4.22B equity

Financial statements

Annual Quarterly

USD millions, except per-share values; share counts in millions. Hover a value for its XBRL tag and filing accession.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	21,310	20,675	20,564	19,174	19,485	17,640	18,479	18,313	20,613	21,070	—	—
Net income	1,407	3,200	611	411	914	399	(215)	104	(704)	(192)	(140)	12
Diluted EPS	15.49	32.70	5.71	3.79	8.42	3.75	(2.08)	1.00	(7.00)	(1.93)	(1.41)	0.12
Diluted shares	91	98	105	111	109	106	103	104	101	99	99	100
Operating cash flow	3,540	2,047	2,374	1,083	1,568	3,407	1,233	1,049	1,200	558	1,026	687
Capital expenditures	1,010	931	751	762	658	540	670	617	707	875	842	933
Free cash flow	2,530	1,116	1,623	321	910	2,867	563	432	493	(317)	184	(246)
Cash & equivalents	2,883	3,019	1,228	858	2,364	2,446	262	411	611	716	356	193
Total assets	29,677	28,936	28,312	27,156	27,579	27,106	23,365	22,409	23,385	24,701	23,682	17,951
Total liabilities	20,704	20,389	22,804	22,548	23,322	24,217	21,422	20,302	20,980	21,226	20,458	16,765
Shareholders' equity	4,220	4,171	1,608	1,142	1,028	28	(417)	(119)	(147)	417	691	651

As reported in SEC filings; a missing tag shows “—”, never zero. Free cash flow is operating cash flow − capex. Methodology