Filing Flows › Tenet Healthcare (THC) › How it makes money
How Tenet Healthcare (THC) makes money
Tenet Healthcare (THC) made $5.6B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Of every dollar of revenue, 31¢ was left as operating profit, 18¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $5.6B | 100.0% |
| Operating profit | $1.8B | 31.1% |
| Income tax | $360M | 6.4% |
| Net earnings | $1.0B | 17.8% |
| Operating cash flow | $1.3B | 22.7% |
| Free cash flow | $1.1B | 19.2% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $5.6B | +6% |
| Q2 2026 | $5.6B | +7% |
| Q1 2026 | $5.4B | +3% |
| Q4 2025 | $5.5B | +9% |
| Q3 2025 | $5.3B | +3% |
| Q2 2025 | $5.3B | +3% |
| Q1 2025 | $5.2B | -3% |
From Tenet Healthcare's 10-Q filed Oct 29, 2026 (on EDGAR).
Questions
How does Tenet Healthcare make money?
Tenet Healthcare (THC) made $5.6B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Of every dollar of revenue, 31¢ was left as operating profit, 18¢ was left as net earnings.
What is Tenet Healthcare's profit margin?
Net earnings were $1.0B, 17.8% of revenue, in the third quarter 2026; the operating margin was 31.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.