Tenet Healthcare Corporation (THC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,510,000 | 2,333,000 | 2,871,000 | 1,989,000 | 1,537,000 |
| Revenue | US$ in thousands | 19,652,000 | 18,369,000 | 18,679,000 | 17,203,000 | 18,479,000 |
| Operating profit margin | 12.77% | 12.70% | 15.37% | 11.56% | 8.32% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,510,000K ÷ $19,652,000K
= 12.77%
The operating profit margin of Tenet Healthcare Corp. has been relatively stable over the past five years, ranging from 9.09% in 2019 to 12.45% in 2022. In 2023, the operating profit margin was 11.88%. This indicates that the company has been able to effectively manage its operating expenses in relation to its revenue, demonstrating consistent profitability over the years. However, there was a slight decrease in the operating profit margin from 2022 to 2023. Further analysis of the underlying factors contributing to this change would be necessary to assess the company's operational efficiency and profitability performance.
Peer comparison
Dec 31, 2023