Tenet Healthcare Corporation (THC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 11,864,000 | 16,958,000 | 15,901,000 | 16,157,000 | 14,658,000 |
| Revenue | US$ in thousands | 20,665,000 | 20,548,000 | 19,174,000 | 19,485,000 | 17,640,000 |
| Gross profit margin | 57.41% | 82.53% | 82.93% | 82.92% | 83.10% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $11,864,000K ÷ $20,665,000K
= 57.41%
The gross profit margin of Tenet Healthcare Corporation has shown a consistent and high level of profitability over the years, ranging from 83.10% in December 2020 to 82.53% in December 2023. This indicates effective cost control and efficient production processes during this period. However, there was a notable decrease in the gross profit margin to 57.41% by December 2024, signaling a potential shift in the company's profitability dynamics. Further investigation is warranted to understand the factors contributing to this decline and to assess its impact on the overall financial performance of the company.
Peer comparison
Dec 31, 2024