Tenet Healthcare Corporation (THC)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 5,248,000 | 1,617,000 | 1,344,000 | 1,888,000 | 671,000 |
| Revenue | US$ in thousands | 20,665,000 | 20,548,000 | 19,174,000 | 19,485,000 | 17,640,000 |
| Pretax margin | 25.40% | 7.87% | 7.01% | 9.69% | 3.80% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $5,248,000K ÷ $20,665,000K
= 25.40%
Tenet Healthcare Corporation's pretax margin has shown varying levels of performance over the past five years. Starting at 3.80% on December 31, 2020, the margin increased steadily to 9.69% by December 31, 2021, indicating improved profitability. However, there was a slight decline to 7.01% by December 31, 2022, followed by a marginal increase to 7.87% by December 31, 2023. The most significant improvement occurred in 2024, with the pretax margin reaching 25.40%, reflecting a substantial boost in profitability.
Overall, Tenet Healthcare Corporation's pretax margin trend suggests a mix of ups and downs, with notable leaps in profitability in certain periods. This metric is crucial for assessing the company's operational efficiency and ability to generate profits before accounting for tax expenses.
Peer comparison
Dec 31, 2024