Tenet Healthcare Corporation (THC)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,363,000 | 3,942,000 | 6,338,000 | 9,858,000 | 13,231,000 | 16,640,000 | 16,435,000 | 16,071,000 | 15,901,000 | 15,789,000 | 15,872,000 | 16,140,000 | 16,157,000 | 16,230,000 | 15,936,000 | 14,878,000 | 14,658,000 | 14,570,000 | 14,605,000 | 15,375,000 |
| Revenue (ttm) | US$ in thousands | 20,665,000 | 20,972,000 | 20,916,000 | 20,895,000 | 20,548,000 | 20,159,000 | 19,894,000 | 19,450,000 | 19,174,000 | 19,040,000 | 19,133,000 | 19,449,000 | 19,485,000 | 19,544,000 | 19,207,000 | 17,901,000 | 17,640,000 | 17,531,000 | 17,542,000 | 18,454,000 |
| Gross profit margin | 35.63% | 18.80% | 30.30% | 47.18% | 64.39% | 82.54% | 82.61% | 82.63% | 82.93% | 82.93% | 82.96% | 82.99% | 82.92% | 83.04% | 82.97% | 83.11% | 83.10% | 83.11% | 83.26% | 83.32% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,363,000K ÷ $20,665,000K
= 35.63%
Tenet Healthcare Corporation's gross profit margin has shown a relatively stable trend from March 2020 to March 2023, fluctuating between 83.32% and 82.54%. However, there was a significant decrease in the gross profit margin to 64.39% by December 2023, followed by a sharp decline to 47.18% by March 2024. Subsequently, the gross profit margin experienced further declines to 30.30% by June 2024 and 18.80% by September 2024. However, there was a slight improvement to 35.63% by December 2024.
The decreasing trend in the gross profit margin from December 2023 to September 2024 may indicate challenges in managing costs or pricing pressures that impacted the profitability of the company. It is important to further investigate the reasons behind these declines and assess the company's strategies to address and improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024