Tenet Healthcare Corporation (THC)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,200,000 | 3,126,000 | 2,755,000 | 2,619,000 | 764,000 | 794,000 | 961,000 | 1,017,000 | 1,000,000 | 975,000 | 1,156,000 | 1,096,000 | 914,000 | 1,079,000 | 434,000 | 403,000 | 399,000 | -13,000 | -49,000 | -120,000 |
| 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 |
| Net profit margin | 15.49% | 14.91% | 13.17% | 12.53% | 3.72% | 3.94% | 4.83% | 5.23% | 5.22% | 5.12% | 6.04% | 5.64% | 4.69% | 5.52% | 2.26% | 2.25% | 2.26% | -0.07% | -0.28% | -0.65% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $3,200,000K ÷ $20,665,000K
= 15.49%
Tenet Healthcare Corporation's net profit margin has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The company's net profit margin was negative for the first three quarters of 2020, indicating that it was experiencing losses during that period.
From December 31, 2020, onwards, there was a noticeable improvement in the net profit margin, which turned positive and showed a steady increase over the subsequent quarters. This positive trend continued up until December 31, 2023, with the net profit margin ranging from 3.72% to 12.53%.
The most significant improvement in net profit margin was observed in the quarter ending March 31, 2024, where it surged to 12.53% and continued to increase, reaching 15.49% by December 31, 2024. This indicates a substantial improvement in the company's profitability over this period.
Overall, Tenet Healthcare Corporation's net profit margin experienced a turnaround from negative to positive figures, showing a consistent upward trend in profitability, with a substantial increase in profitability in more recent quarters. This demonstrates an enhanced operational efficiency and financial performance of the company.
Peer comparison
Dec 31, 2024