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Tenet Healthcare (THC) Stock Analysis

This is a peer-relative look at Tenet Healthcare (THC): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Health Care Equipment & Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Tenet Healthcare (THC)
Profile ItemTHC
NameTenet Healthcare Corp.
Country/RegionUnited States
GICS SectorHealth Care
GICS Industry GroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
GICS Sub-IndustryHealth Care Facilities
Market Capitalization22.55 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateMarch 17, 1980
Security TypeCommon Stock

Price Performance

Cumulative Growth

THC
GSPC
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Tenet Healthcare (THC) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Tenet Healthcare (THC) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Tenet Healthcare (THC) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
Total Return (1Y)43.40%21.53%
Total Return (3Y, Annualized)77.47%9.81%
Total Return (5Y, Annualized)29.92%-2.76%

Risk Profile

Drawdown History

THC
GSPC
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Tenet Healthcare (THC) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Tenet Healthcare (THC) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
Volatility (1Y, Annualized)43.80%50.93%
Beta (5Y)1.170.85
Max Drawdown (5Y)-58.88%-70.34%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. THC is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
Sharpe Ratio (1Y)0.890.34
Sortino Ratio (1Y)1.710.54

Profitability

ROE (TTM)

Tenet Healthcare (THC) posts ROE of 41.70%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

THC

Health Care Equipment & Services industry group

41.70%

Group distribution
Max
47.61%
THC
41.70%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
Largest peers
THC
41.70%
ISRG
17.93%
SYK
16.02%
UNH
15.77%
MDT
10.65%
ABT
9.14%
MCK
--
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Where Tenet Healthcare (THC) stands on ROE within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Tenet Healthcare (THC) keeps 13.09% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

THC

Health Care Equipment & Services industry group

13.09%

Group distribution
Max
29.35%
THC
13.09%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
Largest peers
ISRG
25.54%
MDT
13.93%
SYK
13.78%
THC
13.09%
ABT
9.75%
UNH
3.53%
MCK
1.12%
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Where Tenet Healthcare (THC) stands on net margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Tenet Healthcare (THC) turns 19.04% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

THC

Health Care Equipment & Services industry group

19.04%

Group distribution
Max
35.43%
THC
19.04%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
Largest peers
ISRG
33.29%
SYK
22.96%
MDT
19.33%
THC
19.04%
ABT
11.66%
UNH
5.82%
MCK
1.48%
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Where Tenet Healthcare (THC) stands on operating margin within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
ROE (TTM)41.70%5.45%
ROA (TTM)8.68%3.17%
Net Margin (TTM)13.09%2.18%
Operating Margin (TTM)19.04%6.81%
Gross Margin (TTM)42.47%55.21%

Growth

Revenue Growth

Tenet Healthcare (THC) grew revenue 3.07%, in the lower peer quartile. The top line is expanding more slowly than at most peers, which can reflect softer demand, lost share, or weaker pricing.

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Tenet Healthcare (THC): Revenue Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

EPS Growth

Tenet Healthcare (THC) grew earnings per share -52.63%, in the lower peer quartile. Per-share profits are advancing more slowly than at most peers, so margins, costs, or share count deserve a closer look.

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Tenet Healthcare (THC): EPS Growth across different time periods, set against Health Care Equipment & Services industry-group medians.

Growth Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
Revenue Growth (YoY)3.07%11.55%
Revenue Growth (3Y CAGR)3.58%10.83%
EPS Growth (YoY)-52.63%4.88%
EPS Growth (3Y CAGR)59.88%14.59%

Financial Strength

Current Ratio (MRQ)

Tenet Healthcare (THC) has current ratio of 1.59, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

THC

Health Care Equipment & Services industry group

1.59

Group distribution
Max
7.59
Q3
4.00
Median
1.98
THC
1.59
Q1
1.37
Min
0.30
Largest peers
ISRG
3.33
SYK
2.18
MDT
2.07
THC
1.59
ABT
1.46
MCK
0.90
UNH
0.74
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Where Tenet Healthcare (THC) stands on current ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Tenet Healthcare (THC) has debt-to-equity ratio of 1.38, in the higher-leverage quartile for its industry. The heavier reliance on borrowing can make earnings, rates, or refinancing conditions matter more.

THC

Health Care Equipment & Services industry group

1.38

Group distribution
Max
1.88
THC
1.38
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
Largest peers
THC
1.38
UNH
0.70
SYK
0.66
ABT
0.61
MDT
0.55
ISRG
--
MCK
--
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Where Tenet Healthcare (THC) stands on debt-to-equity ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
Current Ratio (MRQ)1.591.98
Debt / Equity (MRQ)1.380.58
Net Debt / EBITDA2.062.04

Dividends

Dividend Yield (TTM)

Tenet Healthcare (THC) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

THC

Health Care Equipment & Services industry group

0.00%

Group distribution
THC
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
MDT
2.72%
UNH
2.29%
ABT
2.22%
SYK
1.05%
MCK
0.32%
THC
0.00%
ISRG
0.00%
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Where Tenet Healthcare (THC) stands on dividend yield within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Tenet Healthcare (THC) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

THC

Health Care Equipment & Services industry group

0.00%

Group distribution
THC
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
ABT
92.54%
MDT
70.02%
UNH
51.71%
SYK
37.49%
MCK
8.77%
THC
0.00%
ISRG
0.00%
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Where Tenet Healthcare (THC) stands on payout ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Tenet Healthcare (THC) trades at P/E ratio of 8.26, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

THC

Health Care Equipment & Services industry group

8.26

Group distribution
Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
THC
8.26
Min
4.21
Largest peers
ISRG
54.75
ABT
41.02
SYK
34.70
MCK
27.36
MDT
25.01
UNH
22.50
THC
8.26
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Where Tenet Healthcare (THC) stands on P/E ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Tenet Healthcare (THC) trades at 1.02 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

THC

Health Care Equipment & Services industry group

1.02

Group distribution
Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
THC
1.02
Min
0.03
Largest peers
ISRG
13.82
SYK
4.72
ABT
3.95
MDT
3.47
THC
1.02
UNH
0.78
MCK
0.29
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Where Tenet Healthcare (THC) stands on P/S ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Tenet Healthcare (THC) trades at 4.14 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

THC

Health Care Equipment & Services industry group

4.14

Group distribution
Max
11.68
Q3
6.12
THC
4.14
Median
3.00
Q1
1.73
Min
-1.31
Largest peers
ISRG
9.82
SYK
5.29
THC
4.14
ABT
3.73
UNH
3.60
MDT
2.59
MCK
-30.85
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Where Tenet Healthcare (THC) stands on P/B ratio within its Health Care Equipment & Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Tenet Healthcare (THC) metric values compared with Health Care Equipment & Services industry-group medians
MetricCurrent stock: THCIndustry group median
P/E Ratio (TTM)8.2629.93
P/S Ratio (TTM)1.022.13
P/B Ratio (MRQ)4.143.00
Free Cash Flow Yield (TTM)8.99%3.50%