How Tenet Healthcare makes money

Period

FY2025

How does Tenet Healthcare make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Tenet Healthcare Corporation · FY2025 · year ended 2025-12-31

Revenue$21.3BGross profit$21.3B · 100%Cost of revenue$0 · 0%Operating income$3.5B · 16%Operating expenses$17.8B · 84%Other opex$17.8B · 84%Pre-tax income$1.8B · 9%Other expense$1.7B · 8%Net income$1.4B · 7%Income tax$433M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.