Tenet Healthcare (THC) Revenue & Revenue Breakdown

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Tenet Healthcare Revenue Highlights

Latest Revenue (Y)

$21.31B

Latest Revenue (Q)

$5.29B

Main Segment (Y)

Ambulatory Care

Main Geography (Y)

Hospital Operations

Tenet Healthcare Revenue by Period

Tenet Healthcare Revenue by Year

Date	Revenue	Change
2025-12-31	$21.31B	3.12%
2024-12-31	$20.66B	0.57%
2023-12-31	$20.55B	7.17%
2022-12-31	$19.17B	-1.60%
2021-12-31	$19.48B	10.46%
2020-12-31	$17.64B	-4.54%
2019-12-31	$18.48B	0.91%
2018-12-31	$18.31B	-4.52%
2017-12-31	$19.18B	-2.25%
2016-12-31	$19.62B	5.30%
2015-12-31	$18.63B	12.23%
2014-12-31	$16.60B	49.75%
2013-12-31	$11.09B	21.58%
2012-12-31	$9.12B	5.37%
2011-12-31	$8.65B	4.71%
2010-12-31	$8.27B	-8.31%
2009-12-31	$9.01B	5.00%
2008-12-31	$8.59B	6.21%
2007-12-31	$8.08B	-4.38%
2006-12-31	$8.45B	1.53%
2005-12-31	$8.33B	-5.04%
2004-12-31	$8.77B	-12.77%
2003-12-31	$10.05B	100.00%
2002-12-31	-	-100.00%
2002-05-31	$13.91B	15.43%
2000-05-31	$12.05B	5.60%
1999-05-31	$11.41B	4.91%
1998-05-31	$10.88B	9.95%
1997-05-31	$9.89B	13.85%
1996-05-31	$8.69B	12.78%
1995-05-31	$7.71B	159.72%
1994-05-31	$2.97B	-21.13%
1993-05-31	$3.76B	-

Tenet Healthcare generated $21.31B in revenue during NA 2025, up 3.12% compared to the previous quarter, and up 120.80% compared to the same period a year ago.

Tenet Healthcare Revenue by Quarter

Date	Revenue	Change
2025-09-30	$5.29B	0.34%
2025-06-30	$5.27B	0.92%
2025-03-31	$5.22B	2.98%
2024-12-31	$5.07B	-0.98%
2024-09-30	$5.12B	0.37%
2024-06-30	$5.10B	-4.94%
2024-03-31	$5.37B	-0.20%
2023-12-31	$5.38B	6.18%
2023-09-30	$5.07B	-0.31%
2023-06-30	$5.08B	1.21%
2023-03-31	$5.02B	0.62%
2022-12-31	$4.99B	3.94%
2022-09-30	$4.80B	3.51%
2022-06-30	$4.64B	-2.26%
2022-03-31	$4.75B	-2.29%
2021-12-31	$4.86B	-0.78%
2021-09-30	$4.89B	-1.21%
2021-06-30	$4.95B	3.62%
2021-03-31	$4.78B	-2.73%
2020-12-31	$4.92B	7.86%
2020-09-30	$4.56B	24.92%
2020-06-30	$3.65B	-19.29%
2020-03-31	$4.52B	-5.95%
2019-12-31	$4.81B	5.21%
2019-09-30	$4.57B	0.18%
2019-06-30	$4.56B	0.33%
2019-03-31	$4.54B	-1.60%
2018-12-31	$4.62B	2.90%
2018-09-30	$4.49B	-0.38%
2018-06-30	$4.51B	-4.11%
2018-03-31	$4.70B	-5.60%
2017-12-31	$4.98B	8.55%
2017-09-30	$4.59B	-4.50%
2017-06-30	$4.80B	-0.23%
2017-03-31	$4.81B	-0.97%
2016-12-31	$4.86B	0.23%
2016-09-30	$4.85B	-0.39%
2016-06-30	$4.87B	-3.49%
2016-03-31	$5.04B	0.36%
2015-12-31	$5.03B	7.12%
2015-09-30	$4.69B	4.45%
2015-06-30	$4.49B	1.45%
2015-03-31	$4.43B	-0.90%
2014-12-31	$4.47B	6.92%
2014-09-30	$4.18B	3.39%
2014-06-30	$4.04B	2.95%
2014-03-31	$3.93B	1.06%
2013-12-31	$3.88B	61.34%
2013-09-30	$2.41B	-0.58%
2013-06-30	$2.42B	1.47%
2013-03-31	$2.39B	2.40%
2012-12-31	$2.33B	4.95%
2012-09-30	$2.22B	-1.94%
2012-06-30	$2.27B	-3.62%
2012-03-31	$2.35B	44.00%
2011-12-31	$1.63B	-30.32%
2011-09-30	$2.34B	-1.35%
2011-06-30	$2.37B	-5.27%
2011-03-31	$2.51B	8.91%
2010-12-31	$2.30B	1.72%
2010-09-30	$2.26B	-1.78%
2010-06-30	$2.30B	-1.54%
2010-03-31	$2.34B	3.45%
2009-12-31	$2.26B	-0.04%
2009-09-30	$2.26B	1.48%
2009-06-30	$2.23B	-2.19%
2009-03-31	$2.28B	3.83%
2008-12-31	$2.19B	1.71%
2008-09-30	$2.16B	-1.19%
2008-06-30	$2.18B	-7.89%
2008-03-31	$2.37B	-

Tenet Healthcare generated $5.29B in revenue during Q3 2025, up 0.34% compared to the previous quarter, and up 103.64% compared to the same period a year ago.

Tenet Healthcare Revenue Breakdown

Tenet Healthcare Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 25	Dec 24	Dec 23	Dec 21	Dec 20
Ambulatory Care	$5.17B	$4.53B	$3.87B	$2.72B	$2.07B
Hospital Operations	$5.13B	$5.64B	$6.03B	$15.98B	-
Hospital Operations Segment	-	-	-	-	$823.00M

Tenet Healthcare's latest annual revenue breakdown by segment (product or service), as of Dec 25: Ambulatory Care (50.22%), and Hospital Operations (49.78%).

Quarterly Revenue by Product

Product/Service	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Mar 24	Dec 23	Jun 23	Dec 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19
Ambulatory Care	$1.43B	$1.27B	$1.27B	$1.19B	$3.54B	$995.00M	$2.92B	$942.00M	$933.00M	$771.00M	$738.00M	$742.00M	$666.00M	$664.00M	$646.00M	$649.00M	$565.00M	$368.00M	-	-
Hospital Operations	-	$4.01B	$4.00B	$4.03B	$1.27B	$4.37B	$3.84B	$3.65B	$3.80B	-	-	-	-	-	-	-	-	-	-	-
Hospital Operations Segment	-	-	-	-	-	-	-	$7.00M	$2.00M	$4.00M	$24.00M	-	-	-	-	-	-	-	-	-
Conifer Segment	-	-	-	-	-	-	-	-	$326.00M	$324.00M	$6.30B	$6.45B	$6.60B	$344.00M	$6.68B	$6.83B	$332.00M	$332.00M	-	-
Core Services And Other Segment	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$490.00M	-

Tenet Healthcare's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Ambulatory Care (100.00%).

Tenet Healthcare Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 21	Dec 20	Dec 19	Dec 18
Hospital Operations	$15.98B	-	-	-
Ambulatory Care	$2.72B	$2.07B	-	-
Hospital Operations Segment	-	$823.00M	-	-
Conifer Segment	-	-	$1.37B	$1.53B

Tenet Healthcare's latest annual revenue breakdown by geography, as of Dec 21: Hospital Operations (85.47%), and Ambulatory Care (14.53%).

Tenet Healthcare Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
HCA	HCA Healthcare	$75.60B	$19.16B
THC	Tenet Healthcare	$21.31B	$5.29B
UHS	Universal Health Services	$17.36B	$4.50B
DVA	DaVita	$13.64B	$3.42B
EHC	Encompass Health	$5.94B	$1.48B
SEM	Select Medical	$5.45B	$1.36B
ENSG	Ensign Group	$5.06B	$1.30B
ACHC	Acadia Healthcare	$3.31B	$869.23M
SGRY	Surgery Partners	$3.31B	$821.50M
BKD	Brookdale Senior Living	$3.20B	$813.16M
AMN	AMN Healthcare Services	$2.73B	$634.50M
ADUS	Addus HomeCare	$1.42B	$362.30M
PNTG	Pennant Group	$947.71M	$219.50M
INNV	InnovAge	$853.70M	$239.71M
USPH	U.S. Physical Therapy	$780.99M	$164.02M

THC Revenue FAQ

What is Tenet Healthcare’s yearly revenue?

Tenet Healthcare's yearly revenue for 2025 was $21.31B, representing an increase of 3.12% compared to 2024. The company's yearly revenue for 2024 was $20.66B, representing an increase of 0.57% compared to 2023. THC's yearly revenue for 2023 was $20.55B, representing an increase of 7.17% compared to 2022.

What is Tenet Healthcare’s quarterly revenue?

Tenet Healthcare's quarterly revenue for Q3 2025 was $5.29B, a 0.34% increase from the previous quarter (Q2 2025), and a 3.26% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $5.27B, a 0.92% increase from the previous quarter (Q1 2025), and a 3.29% increase year-over-year (Q2 2024). THC's quarterly revenue for Q1 2025 was $5.22B, a 2.98% increase from the previous quarter (Q4 2024), and a -2.70% decrease year-over-year (Q1 2024).

What is Tenet Healthcare’s revenue growth rate?

Tenet Healthcare's revenue growth rate for the last 3 years (2023-2025) was 3.71%, and for the last 5 years (2021-2025) was 9.37%.

What are Tenet Healthcare’s revenue streams?

Tenet Healthcare's revenue streams in c 25 are Ambulatory Care, and Hospital Operations. Ambulatory Care generated $5.17B in revenue, accounting 50.22% of the company's total revenue, up 14.07% year-over-year. Hospital Operations generated $5.13B in revenue, accounting 49.78% of the company's total revenue, down -9.18% year-over-year.

What is Tenet Healthcare’s main source of revenue?

For the fiscal year ending Dec 25, the largest source of revenue of Tenet Healthcare was Ambulatory Care. This segment made a revenue of $5.17B, representing 50.22% of the company's total revenue.