Filing Flows › Tenet Healthcare (THC) › Guidance history
Tenet Healthcare (THC) guidance history: what it guided and what it reported
Tenet Healthcare gave guidance in 14 earnings releases on file since Apr 30, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Tax rate: 1 of 2, on average -2.0 pts against the guided midpoint. Its releases raised guidance 7 times and lowered it 0 times.
Tax rate
Met or beat 1 of 2 periods (1 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 21.0% (Feb 11, 2026) → reaffirmed 21.0% (Apr 30, 2026) → reaffirmed 21.0% (Jul 23, 2026) → reaffirmed 21.0% (Oct 29, 2026) | — | to be reported | — |
| FY2025 | 21.0% (Feb 12, 2025) → reaffirmed 21.0% (Apr 29, 2025) → reaffirmed 21.0% (Jul 22, 2025) → reaffirmed 21.0% (Oct 28, 2025) | 15.5% | below the range | -5.5 pts |
| FY2024 | 21.0% (Apr 30, 2024) → reaffirmed 21.0% (Jul 24, 2024) → reaffirmed 21.0% (Oct 29, 2024) | 22.6% | above the range | +1.6 pts |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | $1.1B–$1.4B (Jul 24, 2024) | $1.1B (GAAP) | not judged | — |
Capital expenditures
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $700M–$800M (Jul 29, 2026) → reaffirmed $700M–$800M (Oct 29, 2026) | — | to be reported | — |
Adjusted EBITDA
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $4.5B–$4.8B (Feb 11, 2026) → reaffirmed $4.5B–$4.8B (Apr 30, 2026) → raised $4.8B–$5.0B (Jul 23, 2026) → raised $5.0B–$5.2B (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $4.0B–$4.2B (Feb 12, 2025) → reaffirmed $4.0B–$4.2B (Apr 29, 2025) → raised $4.4B–$4.5B (Jul 22, 2025) → raised $4.5B–$4.6B (Oct 28, 2025) | — | — | — |
| FY2024 | $3.5B–$3.7B (Apr 30, 2024) → raised $3.8B–$4.0B (Jul 24, 2024) → raised $3.9B–$4.0B (Oct 29, 2024) | — | — | — |
Adjusted EBITDA margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 20.9%–21.5% (Feb 11, 2026) → reaffirmed 20.9%–21.5% (Apr 30, 2026) → raised 22.1%–22.4% (Jul 23, 2026) → raised 22.9%–23.2% (Oct 29, 2026) | — | to be reported | — |
| FY2025 | 19.3%–19.9% (Feb 12, 2025) → reaffirmed 19.3%–19.9% (Apr 29, 2025) → raised 21.0%–21.4% (Jul 22, 2025) → raised 21.1%–21.4% (Oct 28, 2025) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $16.19–$18.47 (Feb 11, 2026) → raised $16.38–$18.68 (Apr 30, 2026) → raised $20.30–$21.69 (Jul 23, 2026) → raised $22.05–$23.01 (Oct 29, 2026) | — | to be reported | — |
| FY2025 | $11.74–$12.84 (Feb 12, 2025) → raised $11.99–$13.12 (Apr 29, 2025) → raised $15.55–$16.21 (Jul 22, 2025) → raised $15.93–$16.26 (Oct 28, 2025) | — | — | — |
The latest quarter
Tenet Healthcare, Q3 2026: revenue $5.6B (+6% year over year), operating margin 31.1%, net earnings $1.0B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Questions
Does Tenet Healthcare beat its guidance?
Tenet Healthcare gave guidance in 14 earnings releases on file since Apr 30, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). Tax rate: 1 of 2, on average -2.0 pts against the guided midpoint.
How often does Tenet Healthcare raise guidance?
Its earnings releases raised guidance 7 times and lowered it 0 times since Apr 30, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.