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Filing Flows › Tenet Healthcare (THC) › Q3 2026 › vs Q3 2025

Tenet Healthcare (THC) Q3 2026 vs Q3 2025 (year over year)

Tenet Healthcare's revenue rose $342M (+6%) from $5.3B in Q3 2025 to $5.6B in Q3 2026. Operating margin 31.1% against 16.8% (+14.3 pts).

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 draws each line against Q3 2025, the increases inside each band.

Tenet Healthcare: what changed, Q3 2026 vs Q3 2025Tenet Healthcare: what changed, Q3 2026 vs Q3 2025Pre-tax earnings$867MOperating profit$861MNet earnings$658MCosts & expenses−$519MWorking capital & other−$431MIncome tax$227MOperating cash flow$223MMinority interests−$18.0MOther expense, net−$6.0MShare-based compensation−$3.0M

Margins

Q3 2026Q3 2025Change
Operating margin31.1%16.8%+14.3 pts
Net margin17.8%6.5%+11.3 pts

Every line

LineQ3 2026Q3 2025Change%
Revenue$5.6B$5.3B$342M+6%
Operating profit$1.8B$889M$861M+97%
Costs & expenses$3.9B$4.4B−$519M-12%
Pre-tax earnings$1.6B$712M$867M+122%
Other expense, net$171M$177M−$6.0M-3%
Net earnings$1.0B$342M$658M+192%
Minority interests$219M$237M−$18.0M-8%
Income tax$360M$133M$227M+171%
Depreciation & amortization$217M$218M−$1.0M-0.5%
Share-based compensation$35.0M$38.0M−$3.0M-8%
Working capital & other$29.0M$460M−$431M-94%
Operating cash flow$1.3B$1.1B$223M+21%

Questions

How much did Tenet Healthcare's revenue grow year over year in Q3 2026?

Tenet Healthcare's revenue rose $342M (+6%) from $5.3B in Q3 2025 to $5.6B in Q3 2026. Operating margin 31.1% against 16.8% (+14.3 pts).

Q3 2026 results → · Compare in the interactive Sankey →