Tenet Healthcare Corporation (THC)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 3,200,000 | 611,000 | 1,000,000 | 1,477,000 | 768,000 |
| Revenue | US$ in thousands | 20,665,000 | 20,548,000 | 19,174,000 | 19,485,000 | 17,640,000 |
| Net profit margin | 15.49% | 2.97% | 5.22% | 7.58% | 4.35% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $3,200,000K ÷ $20,665,000K
= 15.49%
Based on the data provided, Tenet Healthcare Corporation's net profit margin has shown fluctuations over the years. In December 2020, the net profit margin stood at 4.35%, indicating that the company generated $4.35 in net profit for every $100 in revenue.
By December 2021, the net profit margin improved to 7.58%, signifying stronger profitability and efficient cost management. However, in December 2022, the net profit margin decreased to 5.22%, suggesting possible challenges or shifts in the company's operations that impacted profitability.
In December 2023, the net profit margin further declined to 2.97%, which could indicate a decrease in profitability relative to revenue. Nevertheless, by December 2024, the net profit margin surged to 15.49%, showcasing a substantial increase in profitability, potentially driven by improved operational efficiencies or strategic initiatives.
Overall, Tenet Healthcare Corporation's net profit margin has shown variability, reflecting the company's ability to adapt to changing market conditions and operational factors impacting its profitability. Monitoring and analyzing these fluctuations can provide insights into the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2024