Tenet Healthcare Corp THC
Tenet Healthcare Corporation (“Tenet”) is a diversified healthcare services company with its headquarters in Dallas, Texas, and a Global Business Center (“GBC”) in the Philippines that supports various enterprise-wide administrative functions. 10-K, Item 1
- Employees
- 100,000
- Headquarters
- Dallas, TX
- CEO
- Saumya Sutaria
- Next results
- around Feb 1, 2027
THC among Health care peers
Six ratios from the latest 10-K. Each corner is the share of 154 peers the company is above, not a score.
What changed
7 new risk paragraphs. 10-K filed Feb 17, 2026 against Feb 18, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 11 checks found nothing to note
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Receivables +1.1% ($2.5B to $2.6B) vs revenue +3.1% ($20.7B to $21.3B), -1.9 pts apart
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Cash from operations $3.5B vs net income $2.4B (FY ending Dec 31, 2025)
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Inventory +0.6% ($346.0M to $348.0M) vs revenue +3.1% ($20.7B to $21.3B), -2.5 pts apart
8 more checks with nothing to note
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Same auditor in both 10-Ks: DELOITTE & TOUCHE LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No longer listed: Table of Contents. Same as last year: Professional and General Liability Reserves
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
7 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
Moreover, once the OBBBA is implemented, the Congressional Budget Office anticipates that millions of individuals could lose health insurance between now and 2034. At this time, we cannot estimate the OBBBA’s impact, nor can we predict the timing of that impact, on our future business, financial condition or results of operations,…
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Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
Conifer is subject to numerous federal, state and local consumer protection and other laws governing such topics as privacy, financial services, and billing and collections activities. Regulations related to such laws are subject to changing interpretations that may be inconsistent among different jurisdictions. In addition, a…
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Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
Risks we face during periods of economic weakness and high unemployment in the areas where we operate include potential declines in the population covered under managed care contracts, increased patient decisions to postpone or cancel elective and non-emergency healthcare procedures (including delaying surgical procedures), which may…
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Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
Our future financial performance and level of profitability may depend, in part, on various cost‑reduction initiatives, including the outsourcing of certain functions unrelated to direct patient care. We may encounter challenges in executing
New risk paragraphs, against peers
Latest 10-K of each, Health care companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $19.2B | $20.6B | $20.7B | $21.3B |
| Net income | $411.0M | $611.0M | $3.2B | $1.4B |
| Operating cash flow | $1.1B | $2.4B | $2.0B | $3.5B |
| Free cash flow | $321.0M | $1.6B | $1.1B | $2.5B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$21.3B ▲ 3.1% in FY2025$1.4B ▼ 56.0% in FY2025$2.5B ▲ 126.7% in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
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Planned saleNov 12, 2026Blunt Roy (Director) gave notice of a planned sale of 1,000 shares worth about $293K Form 144, approximate sale date Nov 11, 2026
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8-KOct 29, 2026Quarterly results 8-K item 2.02
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10-QOct 29, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Tenet Healthcare Corp, Dallas, TX · from the 10-K filed Feb 17, 2026
Tenet Healthcare Corporation (“Tenet”) is a diversified healthcare services company with its headquarters in Dallas, Texas, and a Global Business Center (“GBC”) in the Philippines that supports various enterprise-wide administrative functions. We operate our expansive, nationwide care delivery network through direct and indirect subsidiaries, as well as downstream partnerships and joint ventures; the terms “we,” “our” and “us,” as used in this report and unless otherwise stated or indicated by the context, refer to Tenet and these entities. Our business is organized into two separate reporting segments - Hospital Operations and Services (“Hospital Operations”) and Ambulatory Care.
- Headquarters
- Dallas, TX
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 29, 2026
- Incorporated in
- NV
Employees, at the top of the page: "At December 31, 2025, we employed nearly 100,000 people (of which approximately 23% were part‑time and on-call employees) in our two reporting segments, as follows: Hospital Operations 75,000 Ambulatory Care 24,000 Total 99,000 We had employees in all 50 U" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 17, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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