OakChart

Tenet Healthcare Corp

THCHealthcare·Medical Care Facilities·USA·Large·NYSE·Nov 13 • 7:20 AM ET

287.00+0.14 (0.05%)
2026-11-13 13:34 CET
Market cap
$22.84B
Revenue, TTM
22,154.00 USD m
Net income, TTM
2,899.00 USD m
Free cash flow, TTM
3,328.00 USD m
EPS diluted, TTM
34.48
Price / earnings
8.32
Compare

Price

THC against its 20, 50 and 200-day averages
Terms2050200Beat
Patternshover a marker to name it
RS 100Sales 5,683Price5,6725,742150.00200.00250.00300.002.3M4.6MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26THCclose 287.0020-day 276.7050-day 267.87200-day 224.83287.0052w high 301.4452w low 157.5852-week range, not 6 months

4.8% under the 52-week high of 301.44 on 5 Nov 2026. 52-week low 157.58 on 8 Jun 2026. Last 15 sessions, 18.0% high to low

Volume 0.00× normal · the line is the 50-bar volume average

Setup. RS line 100
CANSLIM 5 of 6 — fails: Performance: Year +50%
VCP 5 of 6 — fails: Average True Range: Under 2
Minervini 3 of 4 — fails: Performance: Year +50%
Zanger 3 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5
Leaders 4 of 5 — fails: Performance: Year +50%
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 3 of 4 — fails: EPS Growth Next Year: High (>25%)
Quality 3 of 5 — fails: Net Profit Margin: High (>20%); Debt/Equity: Low (<0.1)
Value 2 of 4 — fails: P/B: Under 2; Debt/Equity: Low (<0.1)
Income 2 of 4 — fails: Dividend Growth: Growing 2+ Years — not on the tape: Dividend Yield: Over 2%
Small Cap 3 of 4 — fails: Performance: Year +50%
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

THC
52-week range, 90% of the way up
157.58301.44

Tenet Healthcare Corp. engages in the provision of healthcare services. It operates through the Hospital Operations and Ambulatory Care segments. The Hospital Operations segment is composed of acute care hospitals, ancillary outpatient facilities, urgent care centers, micro hospitals and physician practices. The Ambulatory Care segment includes the operations of the USPI joint venture and the company's nine Aspen facilities in the United Kingdom. The company was founded in 1969 and is headquartered in Dallas, TX.

IndexRUI
Employees99000
IPOApr 28, 1971
Beta1.20
ATR, 14d10.24
Rel volume0.00
Short float2.25%
Insider own0.95%
Inst own99.90%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap$22.84B
Enterprise Value37.56B
Income2.90B
Sales22.15B
Book / share68.41
Cash / share33.60
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees99000
IPOApr 28, 1971

Ratios

Price / earnings8.32
Forward price / earnings14.08
Price / earnings / growth1.46
Price / sales1.03
Price / book4.20
Price / cash8.54
Price / free cash flow6.86
Value / cash profit7.92
Value / sales1.70
Quick Ratio1.52
Current Ratio1.58
Debt / equity2.43
Long-term debt / equity2.40
Options and shortYes / Yes

Earnings

Earnings / share34.48
Earnings next year20.38
Earnings next quarter5.32
Earnings this year34.51%
Earnings next year-9.71%
Earnings growth, 5 years9.66%
Past earnings growth60.90% 32.77%
Past sales growth3.58% 3.85%
Earnings vs last year136.09%
Sales vs last year6.23%
Earnings vs last quarter221.46%
Sales vs last quarter6.47%
EarningsOct 29 BMO
Surprise42.01% 2.59%

Ownership

Insiders own0.95%
Insider trades-20.49%
Institutions own99.90%
Institution trades-6.08%
Return on assets9.50%
Return on equity61.30%
Return on capital15.65%
Gross Margin17.37%
Operating margin17.37%
Profit Margin13.09%
20-day average3.72%
50-day average7.14%
200-day average27.65%

Technical

Shares out79.58M
Shares floating78.83M
Short / float2.25%
Short ratio2.27
Short interest1.78M
52-week high301.44 -4.8%
52-week low157.58 +82.1%
Volatility2.94% 3.88%
Average range10.24
Strength index59.58
Market sensitivity1.20
Relative volume0.00
Avg Volume782.15K
Volume193

Performance

Perf Week1.30%
Perf Month4.31%
Perf Quarter8.48%
Perf Half Y45.94%
Perf YTD44.42%
Perf Year45.94%
Perf 3Y423.05%
Perf 5Y262.69%
Perf 10Y1872.51%
Recommendation1.45
Target Price309.14
Prev Close286.86
Price287.00
Change %0.05%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 23, 2026InitiatedBMO Capital MarketsMarket Perform$265-7.7%
Oct 14, 2025ResumedGoldmanBuy$224-22.0%
Jul 28, 2025DowngradeWolfe ResearchOutperform → Peer Perform
May 29, 2025UpgradeWells FargoEqual Weight → Overweight$195-32.1%
Apr 15, 2025DowngradeRobert W. BairdOutperform → Neutral$137-52.3%
Mar 26, 2025InitiatedMorgan StanleyOverweight$165-42.5%
Feb 26, 2025InitiatedTD CowenBuy$175-39.0%
Dec 17, 2024ResumedJP MorganOverweight$175-39.0%
Dec 16, 2024DowngradeGoldmanBuy → Neutral$196 → $140-51.2%
Nov 25, 2024DowngradeWells FargoOverweight → Equal Weight$205 → $150-47.7%

Peers

Mkt cap
TickerCompanyMkt cap
HCAHCA Healthcare Inc105.49B
UHSUniversal Health Services Inc11.15B
CYHCommunity Health Systems Inc311.67M
SGRYSurgery Partners Inc3.42B
ARDTArdent Health Inc2.48B
EHCEncompass Health Corp13.82B
AUNAAuna SA338.24M
NUTXNutex Health Inc1.18B
ELVElevance Health Inc92.96B
UNHUnitedhealth Group Inc363.14B

Insider trading

latest 14 of 41
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Blunt RoyDirectorNov 11 '26Proposed Sale293.001,000293,000Nov 12 06:53 AM
KERREY J ROBERTDirectorSep 14 '26Sale263.7212,0103,167,3304,794Sep 16 08:00 PM
MARK RICHARD JDirectorSep 10 '26Sale263.4210,0002,634,20025,121Sep 14 08:00 PM
KERREY J ROBERTDirectorSep 14 '26Proposed Sale267.5012,0103,212,675Sep 14 02:28 PM
MARK RICHARD JDirectorSep 10 '26Proposed Sale263.4210,0002,634,155Sep 10 03:58 PM
West NadjaDirectorSep 02 '26Sale258.801,152298,13823,653Sep 03 08:00 PM
West NadjaDirectorSep 02 '26Proposed Sale258.801,152298,138Sep 02 03:12 PM
Foo Lisa YEVP, Chief Operating OfficerAug 31 '26Sale266.3224,0006,391,6808,053Sep 01 08:00 PM
Foo Lisa YOfficerAug 31 '26Proposed Sale266.3224,0006,391,579Aug 31 04:35 PM
HANEY CECIL DDirectorAug 24 '26Sale278.031,300361,43912,553Aug 26 08:00 PM
Sutaria SaumyaCEOAug 24 '26Sale278.7150,00013,935,259483,564Aug 26 08:00 PM
Sutaria SaumyaCEOAug 25 '26Sale274.0250,00013,701,076433,564Aug 26 08:00 PM
Sutaria SaumyaOfficerAug 25 '26Proposed Sale274.0250,00013,701,028Aug 25 02:09 PM
HANEY CECIL DDirectorAug 24 '26Proposed Sale278.031,300361,439Aug 24 05:15 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 125.56B
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VBVanguard Morningstar Small-Cap ETFAUM: 80.23B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.88B
VFLOVictoryShares Free Cash Flow ETFAUM: 12.71B
VXFVanguard Extended Market Index ETFAUM: 30.79B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.08B
COWZPacer US Cash Cows 100 ETFAUM: 19.77B
IJKiShares S&P Mid-Cap 400 Growth ETFAUM: 10.58B
SPMDState Street SPDR Portfolio S&P 400TM Mid Cap ETFAUM: 19.06B

News

latest 14 of 200

Quarterly earnings

2026Q3 EPS 6.640 beat 4.676, from 3.700 a year earlier. Sales 5,631 beat 5,489, from 5,289 a year earlier
EPS
6.64002024Q4 EPS 3.440 against 2.95224Q42025Q1 EPS 4.360 against 3.12425Q12025Q2 EPS 4.020 against 2.87525Q22025Q3 EPS 3.700 against 3.33725Q32025Q4 EPS 4.700 against 4.06525Q42026Q1 EPS 4.820 against 4.16526Q12026Q2 EPS 6.120 against 4.26126Q22026Q3 EPS 6.640 against 4.67626Q3
Sales, USD millions
5,63102024Q4 sales 5,072 against 5,16824Q42025Q1 sales 5,223 against 5,13825Q12025Q2 sales 5,271 against 5,16125Q22025Q3 sales 5,289 against 5,25525Q32025Q4 sales 5,527 against 5,47225Q42026Q1 sales 5,368 against 5,39326Q12026Q2 sales 5,628 against 5,43226Q22026Q3 sales 5,631 against 5,48926Q3

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q3ended 2026-09-302026-10-29 08:306.6404.67612.4105,6315,489EPS +42.0% · sales +2.6%vs 2025Q3, year-ago quarter · EPS +79.5% · sales +6.5%20 EPS · 19 salesOpen -3.53% vs SPY -0.46%. Close +0.77% vs SPY -0.38%
2026Q2ended 2026-06-302026-07-23 16:306.1204.2619.8385,6285,432EPS +43.6% · sales +3.6%vs 2025Q2, year-ago quarter · EPS +52.2% · sales +6.8%18 EPS · 17 salesOpen +18.08% vs SPY +0.04%. Close +17.17% vs SPY +0.10%
2026Q1ended 2026-03-312026-04-30 08:304.8204.1658.0145,3685,393EPS +15.7% · sales -0.5%vs 2025Q1, year-ago quarter · EPS +10.6% · sales +2.8%18 EPS · 17 salesOpen +1.95% vs SPY +0.43%. Close -1.65% vs SPY +0.99%
2025Q4ended 2025-12-312026-02-11 08:304.7004.0654.2205,5275,472EPS +15.6% · sales +1.0%vs 2024Q4, year-ago quarter · EPS +36.6% · sales +9.0%18 EPS · 17 salesOpen -2.43% vs SPY +0.62%. Close +17.26% vs SPY -0.02%
2025Q3ended 2025-09-302025-10-28 08:303.7003.3373.8605,2895,255EPS +10.9% · sales +0.6%vs 2024Q3, year-ago quarter · EPS +26.3% · sales +3.3%17Open -2.89% vs SPY +0.26%. Close -5.34% vs SPY +0.27%
2025Q2ended 2025-06-302025-07-22 08:304.0202.8753.1385,2715,161EPS +39.8% · sales +2.1%vs 2024Q2, year-ago quarter · EPS +74.0% · sales +3.3%18 EPS · 17 salesOpen +5.01% vs SPY +0.05%. Close -10.70% vs SPY +0.01%
2025Q1ended 2025-03-312025-04-29 08:304.3603.1244.2735,2235,138EPS +39.6% · sales +1.6%vs 2024Q1, year-ago quarter · EPS +35.4% · sales -2.7%18 EPS · 16 salesOpen +3.30% vs SPY -0.35%. Close +11.65% vs SPY +0.63%
2024Q4ended 2024-12-312025-02-12 08:303.4402.9523.3175,0725,168EPS +16.5% · sales -1.9%vs 2023Q4, year-ago quarter · EPS +28.4% · sales -5.7%14 EPS · 15 salesOpen -3.43% vs SPY -1.01%. Close -9.10% vs SPY -0.32%
2024Q3ended 2024-09-302024-10-29 08:302.9302.3654.8945,1225,049EPS +23.9% · sales +1.5%vs 2023Q3, year-ago quarter · EPS +103.5% · sales +1.1%15Open +5.89% vs SPY -0.17%. Close +16.68% vs SPY +0.16%
2024Q2ended 2024-06-302024-07-24 08:302.3101.8972.6415,1034,989EPS +21.8% · sales +2.3%vs 2023Q2, year-ago quarter · EPS +60.4% · sales +0.4%17Open +5.28% vs SPY -0.89%. Close +4.80% vs SPY -2.27%
2024Q1ended 2024-03-312024-04-30 08:303.2201.45321.3825,3685,148EPS +121.7% · sales +4.3%vs 2023Q1, year-ago quarter · EPS +126.8% · sales +6.9%15Open +5.90% vs SPY -0.29%. Close +13.25% vs SPY -1.58%
2023Q4ended 2023-12-312024-02-08 08:302.6801.6022.3425,3795,272EPS +67.3% · sales +2.0%vs 2022Q4, year-ago quarter · EPS +36.7% · sales +7.8%15 EPS · 14 salesOpen +1.75% vs SPY 0.00%. Close +1.03% vs SPY +0.04%
2023Q3ended 2023-09-302023-10-30 16:301.4401.1960.9675,0665,024EPS +20.4% · sales +0.8%vs 2022Q3, year-ago quarter · EPS 0.0% · sales +5.5%15 EPS · 14 sales-
2023Q2ended 2023-06-302023-07-31 16:301.4401.2491.1745,0824,911EPS +15.3% · sales +3.5%vs 2022Q2, year-ago quarter · EPS -4.0% · sales +9.6%17 EPS · 16 sales-
2023Q1ended 2023-03-312023-04-25 08:301.4201.1551.3495,0214,843EPS +22.9% · sales +3.7%vs 2022Q1, year-ago quarter · EPS -26.4% · sales +5.8%18 EPS · 17 sales-
2022Q4ended 2022-12-312023-02-09 08:301.9601.2280.9594,9904,912EPS +59.6% · sales +1.6%vs 2021Q4, year-ago quarter · EPS -27.4% · sales +2.8%15 EPS · 13 sales-

Annual earnings

2025FY EPS 16.780 beat 16.095, from 11.880 a year earlier. Sales 21,310 beat 21,270, from 20,665 a year earlier
EPS
16.78002018FY EPS 1.860 against 1.64020182019FY EPS 2.680 against 2.67520192020FY EPS 7.920 against 4.03220202021FY EPS 7.580 against 6.23120212022FY EPS 6.800 against 6.12320222023FY EPS 6.980 against 5.83720232024FY EPS 11.880 against 11.32120242025FY EPS 16.780 against 16.0952025
Sales, USD millions
21,31002018FY sales 18,299 against 18,20520182019FY sales 18,478 against 18,43120192020FY sales 17,640 against 17,56420202021FY sales 19,485 against 19,62320212022FY sales 19,174 against 19,10020222023FY sales 20,548 against 20,45020232024FY sales 20,665 against 20,77420242025FY sales 21,310 against 21,2702025

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2029FYestimate-27.100--24,51310.59
2028FYestimate-22.127--23,53512.97
2027FYestimate-20.380--22,54214.08
2026FYestimate-22.571--22,31712.72
2025FY16.78016.09515.49021,31021,27011.84
2024FY11.88011.32132.69320,66520,77410.63
2023FY6.9805.8375.83020,54820,45010.83
2022FY6.8006.1233.71919,17419,1007.18
2021FY7.5806.2318.41819,48519,62310.78
2020FY7.9204.0323.75517,64017,5645.04
2019FY2.6802.675-2.07918,47818,43114.19
2018FY1.8601.6401.06918,29918,2059.22
2017FY0.8100.682-6.99919,17919,04818.72
2016FY1.0401.191-1.93019,62119,68814.27
2015FY2.0502.040-1.41018,63418,429140.00
2014FY1.4631.6070.12016,61516,477196.20
2013FY1.8731.770-1.32011,10211,086153.25
2012FY1.7001.9981.3009,1199,096168.82
2011FY1.5601.6310.4808,8549,619183.97
2010FY1.0691.4468.1609,2059,246268.40

Quarterly results

2026Q3 revenue 5,631, from 5,289 a year earlier. Operating margin 19.1%, from 15.4% a year earlier
Revenue, USD millions
5,63102024Q4 revenue 5,07224Q42025Q1 revenue 5,22325Q12025Q2 revenue 5,27125Q22025Q3 revenue 5,28925Q32025Q4 revenue 5,52725Q42026Q1 revenue 5,36826Q12026Q2 revenue 5,62826Q22026Q3 revenue 5,63126Q3
Operating margin
19.102024Q4 operating margin 15.3%24Q42025Q1 operating margin 17.3%25Q12025Q2 operating margin 16.2%25Q22025Q3 operating margin 15.4%25Q32025Q4 operating margin 15.7%25Q42026Q1 operating margin 16.4%26Q12026Q2 operating margin 18.2%26Q22026Q3 operating margin 19.1%26Q3

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2026FY E 22.57 per share.
PeriodTypeScaleDateMeanvs prior date
2026FYEper share2026-11-1022.57+0.0%
2026Q4Eper share2026-11-105.32+0.0%
2026FYRper share2026-11-1034.60-4.6%
2026Q4Rper share2026-11-106.38-2.4%
2026FYSUSD millions2026-11-1022,317+0.1%
2026Q4SUSD millions2026-11-105,683+0.1%
2026Q3Eper share2026-10-204.68+0.1%
2026Q3Rper share2026-10-205.78+0.1%
2026Q3SUSD millions2026-10-205,489+0.0%
2026Q2Eper share2026-07-184.260.0%
2026Q2Rper share2026-07-185.300.0%
2026Q2SUSD millions2026-07-145,4320.0%
2026Q1Eper share2026-04-284.170.0%
2026Q1SUSD millions2026-04-285,3930.0%
2026Q1Rper share2026-04-275.580.0%
2025FYEper share2026-02-1116.20+0.6%
2025Q4Eper share2026-02-114.09+0.7%
2025FYRper share2026-02-1115.33-0.3%
2025Q4Rper share2026-02-114.04+1.2%
2025FYSUSD millions2026-02-1121,271+0.0%
2025Q4SUSD millions2026-02-115,466-0.1%
2025Q3Eper share2025-10-213.34+0.0%
2025Q3Rper share2025-10-213.29+0.1%
2025Q3SUSD millions2025-10-195,2550.0%
2025Q2Eper share2025-07-222.87-0.4%
2025Q2SUSD millions2025-07-185,1610.0%
2025Q2Rper share2025-07-162.810.0%
2025Q1Eper share2025-04-283.120.0%
2025Q1Rper share2025-04-283.090.0%
2025Q1SUSD millions2025-04-285,1380.0%
2024FYRper share2025-02-1231.19-1.7%
2024Q4Rper share2025-02-122.79-2.4%
2024Q4SUSD millions2025-02-075,170+0.0%
2024FYEper share2025-02-0211.320.0%
2024Q4Eper share2025-02-022.950.0%
2024FYSUSD millions2025-01-2320,774+0.0%
2024Q3Eper share2024-10-222.35+0.0%
2024Q3Rper share2024-10-222.34+0.0%
2024Q3SUSD millions2024-10-225,049+0.0%
2024Q2Eper share2024-07-242.05+8.0%
2024Q2Rper share2024-07-242.30+16.8%
2024Q2SUSD millions2024-07-245,037+0.9%
2024Q1Eper share2024-04-241.450.0%
2024Q1SUSD millions2024-04-245,1480.0%
2024Q1Rper share2024-04-231.470.0%
2023FYSUSD millions2024-02-0120,450+0.0%
2023FYEper share2024-01-315.84+0.7%
2023FYRper share2024-01-315.38+1.5%

Estimate history

Annual
Metric201720182019202020212022202320242025TTMMRQ
EPS per share-6.9991.069-2.0793.7558.4183.7195.8332.69315.4934.4784-
Sales USD millions19,17918,31318,47917,64019,48519,17420,54820,67521,31022,154-
Shares million shares1011031041061071021009587-80
Quarterly
MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
EPS per share4.8943.3174.2733.1383.864.228.0149.83812.407
Sales USD millions5,1225,0725,2235,2715,2895,5275,3685,6285,631
Shares million shares959593888887868180

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Total Revenue22,154.0021,310.00+3.1%20,675.00+0.6%20,548.00+7.2%19,174.00-1.6%19,485.00+10.5%17,640.00-4.5%18,479.00+0.9%18,313.00
Cost of Goods Sold Incl. D&A18,305.0017,871.00+0.6%17,758.00-2.0%18,121.00+7.2%16,900.00-1.9%17,226.00+5.3%16,354.00-2.3%16,746.00+0.3%16,699.00
Gross Profit3,849.003,439.00+17.9%2,917.00+20.2%2,427.00+6.7%2,274.00+0.7%2,259.00+75.7%1,286.00-25.8%1,733.00+7.4%1,614.00
Selling, General and Administrative Excl. Other----56.00+36.6%41.00+46.4%28.00-6.7%30.00-
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income3,849.003,439.00+17.9%2,917.00+20.2%2,427.00+9.4%2,218.000.0%2,218.00+76.3%1,258.00-26.1%1,703.00+5.5%1,614.00
Interest Expense817.00821.00-0.6%826.00-8.3%901.00+1.2%890.00-3.6%923.00-8.0%1,003.00+1.8%985.00-1.9%1,004.00
Unusual Expense-1,241.00198.00+36.6%145.00-25.6%195.00-51.9%405.00+47.3%275.00-57.7%650.00+17.5%553.00+124.8%246.00
Net Income Before Taxes4,732.002,800.00-46.6%5,248.00+224.6%1,617.00+20.3%1,344.00-28.8%1,888.00+181.4%671.00+109.7%320.00-49.9%639.00
Income Taxes918.00433.00-63.4%1,184.00+286.9%306.00-11.0%344.00-16.3%411.00-97.00-160.6%160.00-9.1%176.00
Consolidated Net Income3,814.002,367.00-41.8%4,064.00+210.0%1,311.00+31.1%1,000.00-32.3%1,477.00+92.3%768.00+380.0%160.00-65.4%463.00
Net Income From Continuing Operations2,899.001,407.00-56.0%3,200.00+423.7%611.00+49.0%410.00-55.2%915.00+129.3%399.00-226.00-309.3%108.00
Net Income2,899.001,407.00-56.0%3,200.00+423.7%611.00+48.7%411.00-55.0%914.00+129.1%399.00-215.00-293.7%111.00
EPS (Recurring) per share25.1917.02-49.5%33.73+373.1%7.13+13.5%6.28-38.4%10.19+26.7%8.04+384.3%1.66-39.2%2.73
EPS (Basic, Before Extraordinaries) per share34.7115.61-52.7%33.02+449.4%6.01+56.5%3.84-55.1%8.56+125.3%3.80-2.08-290.8%1.09
EPS (Diluted) per share34.4815.49-52.6%32.69+460.7%5.83+56.7%3.72-55.8%8.42+124.5%3.75-2.08-294.4%1.07
EBITDA4,741.004,302.00+15.2%3,735.00+13.3%3,297.00+7.8%3,059.00-0.5%3,073.00+45.3%2,115.00-17.2%2,553.00+5.7%2,416.00
Non-Operating Income (Expense)459.00380.00-88.5%3,302.00+1054.5%286.00-32.1%421.00-51.5%868.00-18.6%1,066.00+587.7%155.00-43.6%275.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense101.9182.16+55.2%52.93+1.5%52.14+17.9%44.24+8.2%40.88+27.3%32.12+4.8%30.66-15.6%36.34
Price To Earnings Ratio ratio statement ratio, not the snapshot8.328.324.0416.999.619.7110.76-15.97
Price To Sales Ratio ratio0.930.850.600.390.280.460.240.210.10
Gross Margin %17.3716.1414.1111.8111.8611.597.299.388.81
Operating Margin %17.3716.1414.1111.8111.5711.387.139.228.81
Net Margin %13.096.6015.482.972.144.692.26-1.160.61
Shares Outstanding million shares79.5886.95-8.6%95.11-4.8%99.95-2.2%102.25-4.6%107.19+1.1%106.07+1.8%104.20+1.6%102.54
Market Capitalization22,830.6122,830.61+90.2%12,004.09+56.4%7,674.28+45.5%5,275.32-39.7%8,751.12+107.7%4,213.29+6.6%3,951.13+124.9%1,756.82

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Total Revenue5,631.00+6.5%5,628.00+6.8%5,368.00+2.8%5,527.00+9.0%5,289.00+3.3%5,271.00+3.3%5,223.00-2.7%5,072.00-5.7%
Cost of Goods Sold Incl. D&A4,557.00+1.9%4,604.00+4.2%4,486.00+3.8%4,658.00+8.4%4,472.00+1.2%4,419.00-0.3%4,322.00-6.3%4,296.00-7.8%
Gross Profit1,074.00+31.5%1,024.00+20.2%882.00-2.1%869.00+12.0%817.00+16.2%852.00+27.0%901.00+19.0%776.00+7.6%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,074.00+31.5%1,024.00+20.2%882.00-2.1%869.00+12.0%817.00+16.2%852.00+27.0%901.00+19.0%776.00+7.6%
Interest Expense203.00-1.5%204.00-1.0%205.00+0.5%205.00+1.0%206.00+2.0%206.00+1.5%204.00-6.4%203.00-10.6%
Unusual Expense-598.00-5083.3%-379.00-828.8%-362.00-1105.6%98.00+127.9%12.00-57.1%52.00+52.9%36.00-7.7%43.00-40.3%
Net Income Before Taxes1,579.00+121.8%1,340.00+108.7%1,132.00+48.0%681.00+4.0%712.00-22.8%642.00+9.4%765.00-75.2%655.00+26.2%
Income Taxes360.00+170.7%295.00+145.8%226.00+58.0%37.00-55.4%133.00-44.8%120.00+9.1%143.00-80.9%83.00+31.7%
Consolidated Net Income1,219.00+110.5%1,045.00+100.2%906.00+45.7%644.00+12.6%579.00-15.0%522.00+9.4%622.00-73.4%572.00+25.4%
Net Income From Continuing Operations1,000.00+192.4%826.00+186.8%702.00+72.9%371.00+16.7%342.00-27.5%288.00+11.2%406.00-81.1%318.00+30.3%
Net Income1,000.00+192.4%826.00+186.8%702.00+72.9%371.00+16.7%342.00-27.5%288.00+11.2%406.00-81.1%318.00+30.3%
EPS (Recurring) per share7.21+82.5%6.68+89.2%5.12+12.8%5.00+37.7%3.95-22.5%3.53+22.6%4.54-79.0%3.63+28.3%
EPS (Basic, Before Extraordinaries) per share12.48+220.8%9.89+213.0%8.09+87.7%4.25+27.2%3.89-21.1%3.16+18.8%4.31-80.0%3.34+38.0%
EPS (Diluted) per share12.41+221.5%9.84+213.4%8.01+87.6%4.22+27.1%3.86-21.1%3.14+18.9%4.27-80.0%3.32+41.9%
EBITDA1,291.00+24.7%1,239.00+16.9%1,111.00+0.4%1,100.00+13.5%1,035.00+13.5%1,060.00+20.6%1,107.00+14.7%969.00+3.4%
Non-Operating Income (Expense)110.00-2.7%141.00+193.8%93.00-10.6%115.00-8.0%113.00-74.8%48.00-68.6%104.00-96.0%125.00+28.9%
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense27.65-7.9%34.76+120.0%19.75+19.0%19.75-23.8%30.02+137.5%15.80+5.3%16.59-98.8%25.92+82.3%
Price To Earnings Ratio ratio statement ratio, not the snapshot8.329.7312.1813.6213.0011.644.174.04
Price To Sales Ratio ratio0.930.720.770.820.860.780.620.59
Gross Margin %19.0718.1916.4315.7215.4516.1617.2515.30
Operating Margin %19.0718.1916.4315.7215.4516.1617.2515.30
Net Margin %17.7614.6813.086.716.475.467.776.27
Shares Outstanding million shares79.58-9.4%80.51-8.9%86.12-7.3%86.95-8.6%87.87-7.6%88.34-7.8%92.89-4.9%95.11-4.8%
Market Capitalization22,830.61+27.3%16,114.51-1.4%16,410.79+28.3%17,464.51+45.5%17,938.79+12.6%16,347.76+25.8%12,793.77+21.7%12,004.09+56.4%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/20182017FY12/31/2017
Cash & Short Term Investments2,883.00-4.5%3,019.00+145.8%1,228.00+43.1%858.00-63.7%2,364.00-3.4%2,446.00+833.6%262.00-36.3%411.00-32.7%611.00
Short Term Receivables3,855.00+6.6%3,615.00-9.5%3,993.00+27.7%3,128.00+6.0%2,951.00+1.8%2,898.00-0.8%2,921.00+0.9%2,894.00-1.3%2,933.00
Inventories348.00+0.6%346.00-15.8%411.00+1.5%405.00+5.5%384.00+4.3%368.00+18.7%310.00+1.6%305.00+5.5%289.00
Other Current Assets763.00+8.7%702.00-54.3%1,535.00-3.5%1,590.00+15.6%1,376.00-4.1%1,435.00-9.6%1,588.00+54.8%1,026.00-41.0%1,740.00
Total Current Assets7,849.00+2.2%7,682.00+7.2%7,167.00+19.8%5,981.00-15.5%7,075.00-1.0%7,147.00+40.7%5,081.00+9.6%4,636.00-16.8%5,573.00
Net Property, Plant & Equipment7,449.00+5.1%7,086.00-3.2%7,319.00-3.6%7,591.00+2.2%7,429.00-4.2%7,754.00-0.5%7,790.00+11.4%6,993.00-0.5%7,030.00
Total Investments and Advances1,442.00-5.9%1,532.00-1.8%1,560.00-4.2%1,629.00-10.2%1,815.00+76.7%1,027.00+4.8%980.00-1.6%996.00-1.8%1,014.00
Long-Term Note Receivable121.00-55.8%274.00-18.0%334.00+69.5%197.00-7.5%213.00+3.4%206.00-3.3%213.00-7.8%231.00-13.2%266.00
Intangible Assets12,546.00+3.8%12,088.00+3.5%11,675.00+1.1%11,547.00+7.3%10,758.00+3.4%10,408.00+17.6%8,854.00-1.8%9,012.00+2.6%8,784.00
Deferred Tax Assets84.00+5.0%80.00+3.9%77.00+305.3%19.00-70.8%65.00-80.0%325.00+77.6%183.00-41.3%312.00-31.4%455.00
Other Assets186.00-4.1%194.00+7.8%180.00-6.3%192.00-14.3%224.00-6.3%239.00-9.5%264.00+15.3%229.00-12.9%263.00
Total Assets29,677.00+2.6%28,936.00+2.2%28,312.00+4.3%27,156.00-1.5%27,579.00+1.7%27,106.00+16.0%23,365.00+4.3%22,409.00-4.2%23,385.00
Short Term Debt Incl. Current Port. of LT Debt293.00-1.0%296.00-8.6%324.00-8.0%352.00+4.8%336.00+0.9%333.00+0.9%330.00+81.3%182.00+24.7%146.00
Accounts Payable1,360.00+5.1%1,294.00-8.1%1,408.00-6.4%1,504.00+15.7%1,300.00+7.7%1,207.00+0.2%1,204.00+10.2%1,093.00-0.3%1,096.00
Income Tax Payable0.00-100.0%18.00-------
Other Current Liabilities2,810.00+4.0%2,702.00-10.8%3,028.00+15.6%2,620.00-24.6%3,473.00+5.0%3,307.00+23.8%2,671.00+3.4%2,582.00-16.4%3,090.00
Total Current Liabilities4,463.00+3.5%4,310.00-9.5%4,760.00+6.3%4,476.00-12.4%5,109.00+5.4%4,847.00+15.3%4,205.00+9.0%3,857.00-11.0%4,332.00
Long Term Debt14,135.00+0.7%14,031.00-11.7%15,889.00-0.6%15,980.00-2.8%16,435.00-0.8%16,573.00+7.4%15,438.00+5.4%14,644.00-1.0%14,791.00
Provision for Risks Charges951.00+5.7%900.00+13.6%792.00+0.3%790.00-0.1%791.00+7.6%735.00+15.7%635.00-46.5%1,187.00-0.3%1,190.00
Deferred Tax Liabilities240.00+5.7%227.00-30.4%326.00+50.2%217.00+502.8%36.00+24.1%29.00+7.4%27.00-25.0%36.000.0%36.00
Other Liabilities915.00-0.7%921.00-11.2%1,037.00-4.4%1,085.00+14.1%951.00-53.2%2,033.00+82.0%1,117.00+93.3%578.00-8.4%631.00
Total Liabilities20,704.00+1.5%20,389.00-10.6%22,804.00+1.1%22,548.00-3.3%23,322.00-3.7%24,217.00+13.0%21,422.00+5.5%20,302.00-3.2%20,980.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity4,220.00+1.2%4,171.00+159.4%1,608.00+40.8%1,142.00+11.1%1,028.00+3571.4%28.00-417.00-119.00-147.00
Total Shareholders Equity4,220.00+1.2%4,171.00+159.4%1,608.00+40.8%1,142.00+11.1%1,028.00+3571.4%28.00-417.00-119.00-147.00
Accumulated Minority Interest4,753.00+8.6%4,376.00+12.2%3,900.00+12.5%3,466.00+7.3%3,229.00+12.9%2,861.00+21.2%2,360.00+6.0%2,226.00-12.8%2,552.00
Total Equity8,973.00+5.0%8,547.00+55.2%5,508.00+19.5%4,608.00+8.2%4,257.00+47.4%2,889.00+48.7%1,943.00-7.8%2,107.00-12.4%2,405.00
Total Liabilities & Stockholders Equity29,677.00+2.6%28,936.00+2.2%28,312.00+4.3%27,156.00-1.5%27,579.00+1.7%27,106.00+16.0%23,365.00+4.3%22,409.00-4.2%23,385.00
Book Value Per Share per share48.53+10.7%43.85+172.5%16.09+44.0%11.17+16.5%9.59+3588.5%0.26-4.00-1.16-1.46
Tangible Book Value Per Share per share-95.75-83.24-100.72-101.76-90.77-97.86-88.98-89.05-88.45
Full-Time Employees people99,000+1.0%98,000-8.0%106,500+4.0%102,400+1.3%101,100-8.1%110,000-3.2%113,600-1.6%115,500-8.2%125,820
Price to Book Ratio ratio4.193.135.244.268.52151.26-10.68-14.7763.68
Return on Assets %4.8011.182.201.503.351.58-0.990.47-2.93
Return on Equity %33.54110.7544.4437.79173.30----521.48
Return on Invested Capital %7.6717.583.492.405.232.40-1.430.76-4.81
Quick Ratio ratio1.681.701.421.251.311.401.131.121.22
Current Ratio ratio1.761.781.511.341.381.471.211.201.29

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2025FY12/31/20252024FY12/31/20242023FY12/31/20232022FY12/31/20222021FY12/31/20212020FY12/31/20202019FY12/31/20192018FY12/31/2018
Net Income3,814.002,367.00-41.8%4,064.00+210.0%1,311.00+31.0%1,001.00-32.2%1,476.00+92.2%768.00+349.1%171.00-63.3%466.00
Depreciation892.00863.00+5.5%818.00-6.0%870.00+3.4%841.00-1.6%855.00-0.2%857.00+0.8%850.00+6.0%802.00
Other Funds (Non Cash)295.00282.00-2,715.00-3978.6%70.00-60.5%177.00+4.7%169.00-46.9%318.00-17.6%386.00+129.8%168.00
Funds from Operations5,283.003,521.00+70.6%2,064.00-10.4%2,303.00+3.4%2,228.00-19.0%2,750.00+51.5%1,815.00+17.0%1,551.00-2.2%1,586.00
Extraordinary Item0.000.000.000.00-2.00-445.000.000.000.00
Changes in Working Capital-1,045.0019.00-17.00-123.9%71.00-1,143.00-737.00-146.3%1,592.00-318.00-537.00
Income Taxes Payable23.00-25.00-256.3%16.00+60.0%10.00-26.00-138.2%68.00+257.9%19.00+137.5%8.00-3.00
Cash from Operating Activities4,238.003,540.00+72.9%2,047.00-13.8%2,374.00+119.2%1,083.00-30.9%1,568.00-54.0%3,407.00+176.3%1,233.00+17.5%1,049.00
Capital Expenditures-910.00-1,010.00-931.00-751.00-762.00-658.00-541.00-694.00-617.00
Net Assets From Acquisitions-830.00-400.00-771.00-391.00-334.00-1,247.00-1,216.00-36.00-760.00
Sale of Fixed Assets and Businesses79.0080.00-98.4%5,004.00+4289.5%114.00-51.9%237.00-81.4%1,273.00+1298.9%91.00-9.9%101.00-82.1%563.00
Purchase or Sale of Investments-50.003.00-31.00-54.00-92.00-108.00-44.00-62.00-127.00
Purchase of Investments-143.00-90.00-94.00-104.00-92.00-108.00-44.00-62.00-127.00
Sale Or Maturity of Investments93.0093.00+47.6%63.00+26.0%50.000.000.000.000.000.00
Other Uses-26.000.00-19.00-11.00-6.00-7.00-0.00-15.00
Other Sources-9.002.000.000.00-100.0%76.00+145.2%31.00-59.7%77.00-6.1%82.00-61.7%214.00
Cash from Investing Activities-1,746.00-1,325.00-140.7%3,252.00-1,093.00-881.00-716.00-1,633.00-609.00-742.00
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-1,813.00-1,386.00-672.00-200.00-250.000.00-100.0%23.00+91.7%12.00-25.0%16.00
Repurchase of Common Pref Stock-1,813.00-1,386.00-672.00-200.00-250.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.00-100.0%23.00+91.7%12.00-25.0%16.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-127.00-128.00-2,220.00-188.00-852.00-380.00-179.7%477.00-482.00-289.00
Change in Long Term Debt-127.00-128.00-2,220.00-188.00-852.00-380.00-179.7%477.00-482.00-289.00
Issuance of Long Term Debt4,242.002,244.00+9656.5%23.00-98.3%1,354.00-32.3%1,999.00-29.6%2,841.00-37.0%4,510.00-45.6%8,289.00+751.9%973.00
Reduction of Long Term Debt-4,369.00-2,372.00-2,243.00-1,542.00-2,851.00-3,221.00-4,033.00-8,771.00-1,262.00
Net Financing Active Other Cash Flow-853.00-837.00-616.00-523.00-606.00-554.00-90.00-303.00-234.00
Other Financing Activities Uses-925.00-892.00-1,016.00-594.00-606.00-554.00-287.00-307.00-288.00
Cash from Financing Activities-2,793.00-2,351.00-3,508.00-911.00-1,708.00-934.00-327.8%410.00-773.00-507.00
Net Change in Cash-301.00-136.00-107.6%1,791.00+384.1%370.00-1,506.00-82.00-103.8%2,184.00-149.00-200.00
Free Cash Flow3,328.002,530.00+126.7%1,116.00-31.2%1,623.00+405.6%321.00-64.7%910.00-68.3%2,867.00+409.2%563.00+30.3%432.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow ratio6.197.1311.074.8816.809.751.486.984.12
Deferred Taxes & Investment Tax Credit-9.00-103.00-298.1%52.00-75.1%209.00-16.4%250.00-128.00-188.9%144.00-4.0%150.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Cash & Short Term Investments2,674.00-10.1%2,170.00-17.3%2,967.00-1.1%2,883.00-4.5%2,975.00-27.3%2,625.00-8.9%2,999.00+20.9%3,019.00+145.8%
Short Term Receivables4,549.00+20.4%4,619.00+24.8%4,362.00+14.5%3,855.00+6.6%3,778.00+5.3%3,701.00-5.4%3,811.00-9.3%3,615.00-9.5%
Inventories340.00-1.7%338.000.0%343.00-0.3%348.00+0.6%346.00-2.8%338.00-11.5%344.00-12.9%346.00-15.8%
Other Current Assets865.00+21.7%700.00+10.4%684.00-9.9%763.00+8.7%711.00-1.2%634.00-18.9%759.00+2.2%702.00-54.3%
Total Current Assets8,428.00+7.9%7,827.00+7.2%8,356.00+5.6%7,849.00+2.2%7,810.00-10.8%7,298.00-8.3%7,913.00+1.2%7,682.00+7.2%
Net Property, Plant & Equipment6,290.00+3.3%6,258.00+3.9%6,251.00+4.3%7,449.00+5.1%6,091.00+9.7%6,024.00+2.9%5,991.00+2.3%7,086.00-3.2%
Total Investments and Advances0.000.000.001,442.00-5.9%0.000.000.001,532.00-1.8%
Intangible Assets12,867.00+2.9%12,718.00+3.3%12,703.00+4.2%12,546.00+3.8%12,506.00+4.6%12,307.00+0.8%12,186.00+1.8%12,088.00+3.5%
Deferred Tax Assets49.00-31.9%71.00-6.6%84.00+7.7%84.00+5.0%72.00+100.0%76.00-10.6%78.00+290.0%80.00+3.9%
Other Assets3,958.00+34.7%3,802.00+27.0%3,809.00+24.1%186.00-4.1%2,939.00+8.5%2,994.00+4.6%3,069.00+6.9%194.00+7.8%
Total Assets31,592.00+7.4%30,676.00+6.9%31,203.00+6.7%29,677.00+2.6%29,418.00+0.2%28,699.00-1.9%29,237.00+1.1%28,936.00+2.2%
Short Term Debt Incl. Current Port. of LT Debt164.00+92.9%160.00+90.5%81.00-8.0%293.00-1.0%85.00-10.5%84.00-17.6%88.00-17.8%296.00-8.6%
Accounts Payable1,387.00+2.3%1,371.00+0.8%1,339.00+0.9%1,360.00+5.1%1,356.00+7.2%1,360.00+7.1%1,327.00-0.6%1,294.00-8.1%
Income Tax Payable22.00-21.4%69.00+176.0%236.00+58.4%0.00-100.0%28.00-96.6%25.00-96.5%149.00-81.5%18.00
Other Current Liabilities3,745.00+21.2%3,967.00+41.6%4,496.00+55.7%2,810.00+4.0%3,091.00-7.8%2,802.00-17.7%2,887.00-8.9%2,702.00-10.8%
Total Current Liabilities5,318.00+16.6%5,567.00+30.3%6,152.00+38.2%4,463.00+3.5%4,560.00-17.7%4,271.00-22.2%4,451.00-17.8%4,310.00-9.5%
Long Term Debt13,079.00-0.2%13,088.000.0%13,128.00+0.4%14,135.00+0.7%13,102.00+2.6%13,091.00+2.5%13,082.00+2.4%14,031.00-11.7%
Provision for Risks Charges979.00+9.9%978.00+12.0%938.00+7.0%951.00+5.7%891.00+4.2%873.00+3.4%877.00+10.5%900.00+13.6%
Deferred Tax Liabilities529.00+96.7%325.00+41.3%199.00-11.9%240.00+5.7%269.00+3.5%230.00-6.1%226.00-2.2%227.00-30.4%
Other Liabilities2,093.00+10.4%2,018.00+4.5%1,936.00-0.6%915.00-0.7%1,896.00+1.5%1,932.00-5.5%1,948.00-3.7%921.00-11.2%
Total Liabilities21,998.00+6.2%21,976.00+7.7%22,353.00+8.6%20,704.00+1.5%20,718.00-2.7%20,397.00-4.7%20,584.00-3.1%20,389.00-10.6%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.00
Common Equity5,444.00+35.6%4,658.00+24.2%4,814.00+15.1%4,220.00+1.2%4,014.00+4.7%3,749.00+7.9%4,181.00+21.1%4,171.00+159.4%
Total Shareholders Equity5,444.00+35.6%4,658.00+24.2%4,814.00+15.1%4,220.00+1.2%4,014.00+4.7%3,749.00+7.9%4,181.00+21.1%4,171.00+159.4%
Accumulated Minority Interest4,150.00-11.4%4,042.00-11.2%4,036.00-9.7%4,753.00+8.6%4,686.00+10.5%4,553.00+3.6%4,472.00+6.0%4,376.00+12.2%
Total Equity9,594.00+10.3%8,700.00+4.8%8,850.00+2.3%8,973.00+5.0%8,700.00+7.7%8,302.00+5.5%8,653.00+12.8%8,547.00+55.2%
Total Liabilities & Stockholders Equity31,592.00+7.4%30,676.00+6.9%31,203.00+6.7%29,677.00+2.6%29,418.00+0.2%28,699.00-1.9%29,237.00+1.1%28,936.00+2.2%
Book Value Per Share per share68.41+49.8%57.86+36.3%55.90+24.2%48.53+10.7%45.68+13.3%42.44+17.0%45.01+27.3%43.85+172.5%
Tangible Book Value Per Share per share-93.27-100.12-91.60-95.75-96.65-96.87-86.18-83.24
Full-Time Employees people---99,000+1.0%---98,000-8.0%
Price to Book Ratio ratio4.193.353.894.354.783.913.073.13
Return on Assets %9.507.555.644.804.615.125.0011.18
Return on Equity %61.3053.3137.8733.5434.5141.0938.12110.75
Return on Invested Capital %5.404.653.912.022.001.712.351.75
Quick Ratio ratio1.521.351.301.681.641.631.701.70
Current Ratio ratio1.581.411.361.761.711.711.781.78

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q39/30/20262026Q26/30/20262026Q13/31/20262025Q412/31/20252025Q39/30/20252025Q26/30/20252025Q13/31/20252024Q412/31/2024
Net Income1,219.00+110.5%1,045.00+100.2%906.00+45.7%644.00+12.6%579.00-15.0%522.00+9.4%622.00-73.4%572.00+25.4%
Depreciation217.00-0.5%215.00+3.4%229.00+11.2%231.00+19.7%218.00+4.3%208.000.0%206.00-1.0%193.00-10.6%
Other Funds (Non Cash)78.00+188.9%0.00-100.0%110.00+129.2%107.00+245.2%27.00100.0048.0031.00
Funds from Operations1,741.00+101.5%1,397.00+66.9%1,205.00+36.9%940.00+30.2%864.00+32.9%837.00+33.7%880.00+1233.3%722.00+29.9%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital-460.00-337.1%-812.00-920.2%436.00-209.00194.00-50.9%99.00-18.2%-65.00-112.5%-1,053.00-492.9%
Income Taxes Payable-31.00-720.0%-165.00259.00+96.2%-40.005.00-95.4%-122.00132.00-83.1%-805.00-1537.5%
Cash from Operating Activities1,281.00+21.1%585.00-37.5%1,641.00+101.3%731.001,058.00+1.2%936.00+25.3%815.00+39.1%-331.00-140.2%
Capital Expenditures-198.00-168.00-180.00-364.00-280.00-193.00-173.00-330.00
Net Assets From Acquisitions-96.00-18.00-670.00-46.00-128.00-158.00-68.00-120.00
Sale of Fixed Assets and Businesses23.00+76.9%13.00+30.0%8.00-63.6%35.00+34.6%13.00-98.6%10.00-56.5%22.00-99.5%26.00-33.3%
Purchase or Sale of Investments-45.00-51.00-26.0072.00+380.0%-31.00-21.00-17.0015.00
Purchase of Investments-45.00-51.00-26.00-21.00-31.00-21.00-17.00-48.00
Sale Or Maturity of Investments0.000.000.0093.00+47.6%0.000.000.0063.00+26.0%
Other Uses-4.00-500.0%-8.00-14.000.001.00-1.000.00-1.00
Other Sources15.00-62.5%29.00+61.1%22.00+15.8%-75.0040.00+400.0%18.00+80.0%19.00+171.4%-25.00
Cash from Investing Activities-305.00-203.00-860.00-378.00-385.00-161.0%-345.00-217.00-106.6%-435.00
Cash Dividends Paid0.000.000.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.000.000.00
Change in Capital Stock-255.00-1,042.00-318.00-198.00-93.00-747.00-348.000.00
Repurchase of Common Pref Stock-255.00-1,042.00-318.00-198.00-93.00-747.00-348.000.00
Sale of Common Pref Stock0.000.000.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-37.00-12.00-19.00-59.00-22.00-16.00-31.00-24.00
Change in Long Term Debt-37.00-12.00-19.00-59.00-22.00-16.00-31.00-24.00
Issuance of Long Term Debt1,991.00+33083.3%14.000.0%14.00+1300.0%2,223.00+31657.1%6.00-25.0%14.00+133.3%1.00-50.0%7.00+250.0%
Reduction of Long Term Debt-2,028.00-26.00-33.00-2,282.00-28.00-30.00-32.00-31.00
Net Financing Active Other Cash Flow-180.00-125.00-360.00-188.00-208.00-202.00-212.8%-239.00-285.00
Other Financing Activities Uses-213.00-125.00-360.00-227.00-224.00-202.00-239.00-318.00
Cash from Financing Activities-472.00-1,179.00-697.00-445.00-323.00-965.00-618.00-309.00
Net Change in Cash504.00+44.0%-797.0084.00-92.00350.00-71.2%-374.00-193.7%-20.00-101.6%-1,075.00-717.8%
Free Cash Flow1,083.00+39.2%417.00-43.9%1,461.00+127.6%367.00778.00-6.2%743.00+23.4%642.00+85.5%-661.00-207.3%
Price to Free Cash Flow ratio6.195.204.946.9111.9810.409.0510.85

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Region
Name20242025vs 20242025 share
United States20,675.0021,310.00+3.1%100.0%
Total20,675.0021,310.00+3.1%100.0%
Segment
Name20242025vs 20242025 share
Ambulatory Care4,534.005,172.00+14.1%24.3%
Hospital Operations16,141.0016,138.000.0%75.7%
Total20,675.0021,310.00+3.1%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.25%1.8M78.8M755.48K
2026-10-152.30%1.8M79.8M895.18K
2026-09-302.29%1.8M79.8M1.02M
2026-09-152.53%2.0M79.8M1.10M
2026-08-312.37%1.9M79.7M1.23M
2026-08-143.17%2.5M79.6M1.35M
2026-07-314.02%3.2M79.7M1.48M
2026-07-153.50%3.0M85.2M1.48M
2026-06-304.39%3.7M85.2M1.45M
2026-06-154.77%4.1M85.0M1.40M
2026-05-293.84%3.3M85.2M1.32M
2026-05-152.93%2.5M85.2M1.25M
2026-04-302.56%2.2M85.2M1.23M
2026-04-152.79%2.4M86.0M1.09M
2026-03-312.65%2.3M86.0M1.04M
2026-03-132.89%2.5M86.0M980.93K
2026-02-273.03%2.6M86.0M944.70K
2026-02-133.21%2.8M86.0M1.01M
2026-01-303.12%2.7M87.2M901.24K
2026-01-153.12%2.7M87.2M961.55K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call85.00200.1203.60.00475.8%0.000.000.999-0.0430.002
call90.00195198.60.00453.0%0.000.000.999-0.0430.002
call95.00190.1193.9168.3447.3%1.000.000.999-0.0430.002
call100185.2188.60.00414.2%0.000.000.999-0.0440.002
call105180.1183.6164.3396.4%1.000.000.998-0.0440.002
call110175.3178.60.00380.7%0.000.000.998-0.0450.002
call115170.2173.60.00364.5%0.000.000.998-0.0450.002
call120165.2168.60.00347.8%0.000.000.998-0.0460.002
call125160.4163.60.00332.9%0.000.000.998-0.0460.002
call130155.2158.6135.7319.8%2.000.000.998-0.0470.003
call135150.3153.70.00309.7%0.000.000.998-0.0470.003
call140145.51490.00259.2%0.000.000.998-0.0470.003
call145140.3143.70.00283.6%0.000.000.998-0.0480.003
call150135.1138.7124270.2%1.000.000.998-0.0480.003
call155130.1133.7105.9258.2%2.000.000.998-0.0490.003
call160125.2127.90.00219.5%0.000.000.997-0.0490.003
call165120.1123.798.20236.2%2.000.000.997-0.0490.003
call170115.2117.993.10199.2%6.000.000.997-0.0500.004
call175110.2113.7101.5214.5%7.000.000.997-0.0500.004
call180105.2108.983.10208.4%16.000.000.997-0.0500.004
call185100.4102.986.09170.7%82.000.000.997-0.0510.004
call19095.2099.0073.38161.6%5.000.000.997-0.0510.004
call19590.5093.7074.80174.3%4.000.000.996-0.0510.005
call20085.3088.7081.80164.2%28.000.000.996-0.0520.005
call21075.3078.7082.35145.8%12.001.000.996-0.0520.005
call22065.2068.7066.70128.0%7.000.000.995-0.0530.006
call23055.5058.8060.51112.9%1480.000.966-0.1970.031
call24045.5048.1050.6982.4%1400.000.941-0.2800.049
call25035.7038.1041.0068.4%88.000.000.930-0.2650.057
call26025.6028.5031.4058.3%53.001.000.912-0.2480.067
call27016.7020.1021.0056.1%47075.000.821-0.3560.110
call2809.4012.0012.0048.0%6041.000.651-0.5000.155
call2903.906.107.5344.3%4450.000.453-0.5020.166
call3001.552.652.8043.0%4702.000.262-0.3990.137
call3100.351.452.0547.9%9160.000.151-0.3130.098
call3200.000.903.0053.5%1200.000.089-0.2340.068
call3300.002.650.5564.4%58.000.000.077-0.2510.061
call3400.002.850.8874.7%26.000.000.068-0.2650.055
call3500.003.100.6884.3%26.000.000.062-0.2770.051
call3600.003.104.0993.5%4.000.000.057-0.2870.048
call3700.003.201.45102.2%1160.000.053-0.2960.045
call3800.003.100.00110.5%0.000.000.049-0.3040.043
call3900.002.600.00118.4%0.000.000.047-0.3110.041
call4000.002.250.44126.1%2.000.000.044-0.3180.039
put85.000.003.700.00296.4%0.000.00-0.001-0.0330.002
put90.000.003.700.00283.0%0.000.00-0.001-0.0330.002
put95.000.003.700.00270.3%0.000.00-0.001-0.0330.002
put1000.003.701.81258.3%5.000.00-0.001-0.0330.002
put1050.003.700.00246.8%0.000.00-0.002-0.0330.002
put1100.003.400.10235.8%3.000.00-0.002-0.0330.002
put1150.003.400.00225.4%0.000.00-0.002-0.0320.002
put1200.003.702.00215.6%1.000.00-0.002-0.0320.002
put1250.003.400.00205.9%0.000.00-0.002-0.0320.002
put1300.003.402.05196.7%0.000.00-0.002-0.0320.003
put1350.003.400.45188.0%0.000.00-0.002-0.0320.003
put1400.003.400.50179.4%6.000.00-0.002-0.0320.003
put1450.002.550.65171.3%21.000.00-0.002-0.0320.003
put1500.003.400.45163.2%38.000.00-0.002-0.0310.003
put1550.003.406.60155.5%6.000.00-0.002-0.0310.003
put1600.003.400.60148.1%18.000.00-0.003-0.0310.003
put1650.002.800.48140.9%8.000.00-0.003-0.0310.003
put1700.000.050.09133.9%1540.00-0.003-0.0310.004
put1750.003.400.10126.9%7.000.00-0.003-0.0310.004
put1800.003.400.43120.3%2.000.00-0.003-0.0300.004
put1850.000.100.05111.9%36.000.00-0.003-0.0270.004
put1900.003.400.90107.4%1410.00-0.003-0.0300.004
put1950.004.9023.22101.2%1.000.00-0.004-0.0300.005
put2000.002.600.3095.2%2130.00-0.004-0.0290.005
put2100.001.700.2883.4%42.000.00-0.004-0.0290.005
put2200.000.050.2272.8%66.000.00-0.005-0.0250.006
put2300.000.500.0585.9%7700.00-0.034-0.1710.031
put2400.002.600.2881.2%1320.00-0.059-0.2530.049
put2500.001.000.4366.2%9040.00-0.070-0.2370.057
put2600.050.900.5351.4%6940.00-0.088-0.2190.067
put2700.751.751.3545.1%3860.00-0.179-0.3260.110
put2802.605.002.8248.6%1135.00-0.349-0.4690.156
put2906.809.606.3047.8%70.000.00-0.547-0.4690.166
put30013.6016.4015.1049.3%5.000.00-0.738-0.3650.137
put31022.1025.6018.5059.7%2.000.00-0.849-0.2790.098
put32032.3035.1059.4070.0%2.000.00-0.911-0.1990.068
put33042.0044.8060.6078.3%0.000.00-0.923-0.2150.060
put34052.0055.0070.6092.3%2.000.00-0.932-0.2270.055
put35062.0064.8085.50100.7%0.000.00-0.938-0.2380.051
put36072.0074.8078.90111.4%0.000.00-0.943-0.2470.048
put37082.3084.80109.5120.8%0.000.00-0.947-0.2550.045
put38092.0094.8098.10130.1%0.000.00-0.951-0.2620.043
put390102.3104.8139139.0%0.000.00-0.953-0.2680.041
put400112114.9149149.7%0.000.00-0.956-0.2730.039

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-12144Filing for proposed sale of securities under Rule 144.SEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-09-228-KCurrent report2026-09-22SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-14SEC
2026-09-14144Filing for proposed sale of securities under Rule 144.SEC
2026-09-144Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-10144Filing for proposed sale of securities under Rule 144.SEC
2026-09-088-KCurrent report2026-09-08SEC
2026-09-04SCHEDULE 13G/ASEC
2026-09-034Statement of changes in beneficial ownership of securities2026-09-02SEC
2026-09-02144Filing for proposed sale of securities under Rule 144.SEC
2026-09-014Statement of changes in beneficial ownership of securities2026-08-31SEC
2026-08-31144Filing for proposed sale of securities under Rule 144.SEC
2026-08-314Statement of changes in beneficial ownership of securities2026-08-28SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-25144Filing for proposed sale of securities under Rule 144.SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-104Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-08-07144Filing for proposed sale of securities under Rule 144.SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-05SEC
2026-08-06144Filing for proposed sale of securities under Rule 144.SEC
2026-08-06SCHEDULE 13G/ASEC
2026-08-05144Filing for proposed sale of securities under Rule 144.SEC
2026-07-314Statement of changes in beneficial ownership of securities2026-07-29SEC
2026-07-29144Filing for proposed sale of securities under Rule 144.SEC
2026-07-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-09006.10M3
2026-080036.50M7
2026-07007.39M4
2026-060000
2026-05001.52M2
2026-040000
2026-030010.94M4
2026-020000
2026-010000
2025-1200430.09K1
2025-11008.30M4

Institutional holders

Manager% owned
BlackRock, Inc.10.15%
PRICE T ROWE ASSOCIATES INC /MD/9.24%
Boston Partners5.05%
VANGUARD PORTFOLIO MANAGEMENT LLC4.92%
FMR LLC4.87%
VANGUARD CAPITAL MANAGEMENT LLC4.52%
STATE STREET CORP3.29%
GLENVIEW CAPITAL MANAGEMENT, LLC2.60%
CITADEL ADVISORS LLC2.05%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1.98%

Funds

Fund% owned
PGIM High Yield Fund162.84%
Lord Abbett Short Duration Income Fund123.2%
VANGUARD HIGH-YIELD CORPORATE FUND75.15%
Franklin Income Fund64.15%
iShares Broad USD High Yield Corporate Bond ETF42.47%
American Beacon SiM High Yield Opportunities Fund42.05%
BlackRock High Yield Portfolio39.26%
JPMorgan Income Fund35.74%
PGIM Total Return Bond Fund34.38%
PGIM Short Duration High Yield Income Fund27.01%

OakChart. THC. Cached 15 minutes. Terms