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THC

Tenet·NYSE
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THC fundamentals

Tenet (THC) released its earnings on Feb 11, 2026: revenue was 5.53B (YoY +8.97%), beat estimates; EPS was 4.7 (YoY +36.63%), beat estimates.
Revenue / YoY
5.53B
+8.97%
EPS / YoY
4.7
+36.63%
Report date
Feb 11, 2026
THC Earnings Call Summary for Q4,2025
  • Record 2025 Performance: $21.3 billion in revenue and $4.57 billion EBITDA (+14% YoY), driven by USPI (12% EBITDA growth) and Hospital (16% EBITDA growth) segments.
  • 2026 Growth Outlook: $4.485–$4.785 billion EBITDA target, with USPI targeting 3%–6% same-facility revenue growth and Hospitals expecting 1%–2% admission growth despite $250 million headwind from expiring subsidies.
  • Cost Efficiency & Capital Deployment: $350 million M&A in 2025, $1.386 billion in share buybacks, and $2.5–$2.8 billion free cash flow in 2026 for strategic investments and repurchases.
  • Structural Transformation: AI and automation initiatives to improve margins, with 2026 guidance reflecting 10% EBITDA growth (midpoint) excluding one-time items.
EPS
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Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
1.281.260.644.721.31.591.992.71.931.51.441.961.421.441.442.683.222.312.933.444.364.023.74.7
Forecast
0.2859-0.71370.32270.95440.75691.07451.02721.51851.07550.67051.24281.22841.15541.24851.19591.60181.45271.90792.36512.9523.12362.87463.33684.0931
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+347.71%
+276.54%
+98.33%
+394.55%
+71.75%
+47.98%
+93.73%
+77.81%
+79.45%
+123.71%
+15.87%
+59.56%
+22.90%
+15.34%
+20.41%
+67.31%
+121.66%
+21.08%
+23.88%
+16.53%
+39.58%
+39.85%
+10.88%
+14.83%
Revenue
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Q3,2017
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------------------4.52B3.65B4.56B4.92B4.78B4.95B4.89B4.86B4.75B4.64B4.80B4.99B5.02B5.08B5.07B5.38B5.37B5.10B5.12B5.07B5.22B5.27B5.29B5.53B
Forecast
--------------------------------4.63B3.75B4.39B4.86B4.76B4.77B4.83B4.99B4.71B4.78B4.81B4.91B4.84B4.91B5.02B5.27B5.15B4.99B5.05B5.17B5.14B5.16B5.26B5.47B
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-2.33%
-2.75%
+3.85%
+1.18%
+0.34%
+3.86%
+1.24%
-2.62%
+0.85%
-2.95%
-0.26%
+1.58%
+3.67%
+3.49%
+0.83%
+2.03%
+4.28%
+2.28%
+1.45%
-1.85%
+1.65%
+2.14%
+0.64%
+1.11%

Earnings Call