Tenet Healthcare Corporation (THC)
Pretax margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 917,000 | 759,000 | 822,000 | 743,000 | 755,000 | 963,000 | 1,366,000 | 1,422,000 | 1,325,000 | 1,644,000 | 605,000 | 558,000 | 434,000 | -28,000 | 155,000 | 72,000 | 55,000 | -4,000 | 203,000 | 223,000 |
| Revenue (ttm) | US$ in thousands | 19,652,000 | 19,309,000 | 19,100,000 | 18,691,000 | 18,369,000 | 18,331,000 | 18,348,000 | 18,611,000 | 18,679,000 | 19,267,000 | 18,533,000 | 17,726,000 | 17,697,000 | 17,142,000 | 17,794,000 | 18,454,000 | 18,479,000 | 18,292,000 | 18,213,000 | 18,159,000 |
| Pretax margin | 4.67% | 3.93% | 4.30% | 3.98% | 4.11% | 5.25% | 7.44% | 7.64% | 7.09% | 8.53% | 3.26% | 3.15% | 2.45% | -0.16% | 0.87% | 0.39% | 0.30% | -0.02% | 1.11% | 1.23% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $917,000K ÷ $19,652,000K
= 4.67%
Tenet Healthcare Corp.'s pretax margin fluctuated over the past eight quarters, ranging from a low of 6.85% in Q1 2023 to a high of 10.19% in Q1 2022. The trend indicates some volatility in the company's ability to generate profits before accounting for taxes and suggests potential challenges in maintaining consistent profitability. It is important for Tenet Healthcare Corp. to carefully monitor and analyze the factors influencing its pretax margin to ensure sustainable financial performance and growth.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Tenet Healthcare Corporation
THC
4.67%
HCA Holdings Inc
HCA
10.55%
Universal Health Services Inc
UHS
6.67%