Stocks Comparison
HCA Healthcare vs Tenet Healthcare: revenue, profit, margins and growth compared
HCA Healthcare brought in $75.6B of revenue in fiscal 2025, Tenet Healthcare $21.3B in fiscal 2025. Revenue changed by +7.1% at HCA Healthcare and +3.1% at Tenet Healthcare on the year before, so HCA Healthcare grew faster. HCA Healthcare kept 9.0% of its revenue as net profit, Tenet Healthcare 6.6%. Free cash flow was $7.7B at HCA Healthcare and $2.5B at Tenet Healthcare.
Side by side, latest fiscal year
| HCA | THC | |
|---|---|---|
| Fiscal year ended | FY2025 (December 31, 2025) | FY2025 (December 31, 2025) |
| Revenue | $75.6B | $21.3B |
| Revenue growth | +7.1% | +3.1% |
| Net income | $6.8B | $1.4B |
| Net margin | 9.0% | 6.6% |
| Free cash flow | $7.7B | $2.5B |
| Free cash flow margin | 10.2% | 11.9% |
| Earnings per share (diluted) | $28.33 | $15.49 |
| Cash | $1B | $2.9B |
| Debt | $44.3B | $13.2B |
| Price to earnings | 15.4 | 16.8 |
| Market value | $94.3B | $20.9B |
| Dividend yield | 0.66% | n/a |
| Rank by revenue in sector | #10 of 523 · Health care | #28 of 523 · Health care |
Over the years
Questions about HCA Healthcare and Tenet Healthcare
Which is bigger by revenue, HCA Healthcare or Tenet Healthcare?
HCA Healthcare is bigger by revenue: $75.6B in fiscal 2025, against $21.3B for Tenet Healthcare in fiscal 2025.
Which keeps more of its revenue as profit, HCA Healthcare or Tenet Healthcare?
HCA Healthcare had a net margin of 9.0% in fiscal 2025; Tenet Healthcare had 6.6% in fiscal 2025.
Which grew revenue faster, HCA Healthcare or Tenet Healthcare?
In their latest fiscal years revenue changed by +7.1% at HCA Healthcare and +3.1% at Tenet Healthcare.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.