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ALGN vs. THC: Align vs. Tenet Healthcare Stock Comparison

How do Align (ALGN) and Tenet Healthcare (THC) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Align (ALGN) and Tenet Healthcare (THC) both fall under the Health Care Equipment & Services industry group, but ALGN is classified in Health Care Equipment & Supplies while THC is classified in Health Care Providers & Services.

Company profile comparison for Align (ALGN) and Tenet Healthcare (THC)
Profile ItemALGNTHC
NameAlign Technology Inc.Tenet Healthcare Corp.
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Providers & Services
GICS Sub-IndustryHealth Care SuppliesHealth Care Facilities
Market Capitalization11.70 billion USD22.55 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 30, 2001March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

ALGN
THC
GSPC
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Align (ALGN) vs. Tenet Healthcare (THC), with S&P 500 (GSPC) for reference: 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 Align (ALGN) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Align (ALGN) and Tenet Healthcare (THC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
Total Return (1Y)27.43%43.40%
Total Return (3Y, Annualized)-2.84%77.47%
Total Return (5Y, Annualized)-24.73%29.92%

Risk Profile

Drawdown History

ALGN
THC
GSPC
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Align (ALGN) vs. Tenet Healthcare (THC), with S&P 500 (GSPC) for reference: 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 Align (ALGN) and Tenet Healthcare (THC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
Volatility (1Y, Annualized)40.49%43.80%
Beta (5Y)1.671.17
Max Drawdown (5Y)-82.44%-58.88%
Avg. Volume (3M)942.14K768.24K

Risk-Adjusted Performance

Risk-Return Positioning

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ALGN and THC are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
Sharpe Ratio (1Y)0.570.89
Sortino Ratio (1Y)0.891.71

Profitability

ROE (TTM)

Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while Align (ALGN) at 11.91% is closer to the peer norm — stronger capital efficiency for THC.

ALGN

Health Care Equipment & Services industry group

11.91%

Max
47.61%
Q3
14.36%
ALGN
11.91%
Median
5.45%
Q1
-10.67%
Min
-47.01%

THC

Health Care Equipment & Services industry group

41.70%

Max
47.61%
THC
41.70%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Align (ALGN) at 11.83% and Tenet Healthcare (THC) at 13.09% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

ALGN

Health Care Equipment & Services industry group

11.83%

Max
29.35%
ALGN
11.83%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%

THC

Health Care Equipment & Services industry group

13.09%

Max
29.35%
THC
13.09%
Q3
9.33%
Median
2.18%
Q1
-6.29%
Min
-28.46%
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Align (ALGN) at 20.13% and Tenet Healthcare (THC) at 19.04% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

ALGN

Health Care Equipment & Services industry group

20.13%

Max
35.43%
ALGN
20.13%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%

THC

Health Care Equipment & Services industry group

19.04%

Max
35.43%
THC
19.04%
Q3
14.14%
Median
6.81%
Q1
-0.28%
Min
-16.29%
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
ROE (TTM)11.91%41.70%
ROA (TTM)8.01%8.68%
Net Margin (TTM)11.83%13.09%
Operating Margin (TTM)20.13%19.04%
Gross Margin (TTM)71.53%42.47%

Growth

Revenue Growth

Both Align (ALGN) at 0.90% and Tenet Healthcare (THC) at 3.07% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Align (ALGN) at 0.53% is around its peer norm for EPS growth, while Tenet Healthcare (THC) at -52.63% drops into the bottom quartile, signaling weaker earnings momentum.

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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
Revenue Growth (YoY)0.90%3.07%
Revenue Growth (3Y CAGR)2.61%3.58%
EPS Growth (YoY)0.53%-52.63%
EPS Growth (3Y CAGR)7.02%59.88%

Financial Strength

Current Ratio (MRQ)

Both Align (ALGN) at 1.43 and Tenet Healthcare (THC) at 1.59 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

ALGN

Health Care Equipment & Services industry group

1.43

Max
7.59
Q3
4.00
Median
1.98
ALGN
1.43
Q1
1.37
Min
0.30

THC

Health Care Equipment & Services industry group

1.59

Max
7.59
Q3
4.00
Median
1.98
THC
1.59
Q1
1.37
Min
0.30
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Align (ALGN) at 0.03 keeps leverage in the lower quartile, while Tenet Healthcare (THC) at 1.38 sits in the higher-leverage quartile.

ALGN

Health Care Equipment & Services industry group

0.03

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
ALGN
0.03
Min
0.00

THC

Health Care Equipment & Services industry group

1.38

Max
1.88
THC
1.38
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
Current Ratio (MRQ)1.431.59
Debt / Equity (MRQ)0.031.38
Net Debt / EBITDA-1.042.06

Dividends

Dividend Yield (TTM)

Neither Align (ALGN) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ALGN

Health Care Equipment & Services industry group

0.00%

ALGN
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

THC

Health Care Equipment & Services industry group

0.00%

THC
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Align (ALGN) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

ALGN

Health Care Equipment & Services industry group

0.00%

ALGN
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

THC

Health Care Equipment & Services industry group

0.00%

THC
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

Tenet Healthcare (THC) at 8.26 sits in the cheaper P/E ratio quartile, while Align (ALGN) at 24.20 is closer to its industry’s usual earnings multiple — a discount for THC, though growth and earnings durability still matter.

ALGN

Health Care Equipment & Services industry group

24.20

Max
80.41
Q3
47.62
Median
29.93
ALGN
24.20
Q1
21.19
Min
4.21

THC

Health Care Equipment & Services industry group

8.26

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
THC
8.26
Min
4.21
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Tenet Healthcare (THC) at 1.02 sits in the cheaper P/S ratio quartile while Align (ALGN) at 2.81 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.

ALGN

Health Care Equipment & Services industry group

2.81

Max
8.80
Q3
4.32
ALGN
2.81
Median
2.13
Q1
1.10
Min
0.03

THC

Health Care Equipment & Services industry group

1.02

Max
8.80
Q3
4.32
Median
2.13
Q1
1.10
THC
1.02
Min
0.03
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Align (ALGN) at 2.73 and Tenet Healthcare (THC) at 4.14 are valued close to their industries’ norm against book — neither stands out from peers.

ALGN

Health Care Equipment & Services industry group

2.73

Max
11.68
Q3
6.12
Median
3.00
ALGN
2.73
Q1
1.73
Min
-1.31

THC

Health Care Equipment & Services industry group

4.14

Max
11.68
Q3
6.12
THC
4.14
Median
3.00
Q1
1.73
Min
-1.31
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Align (ALGN) vs. Tenet Healthcare (THC): A comparison of their P/B ratio against the Health Care Equipment & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Align (ALGN) and Tenet Healthcare (THC)
MetricALGNTHC
P/E Ratio (TTM)24.208.26
P/S Ratio (TTM)2.811.02
P/B Ratio (MRQ)2.734.14
Free Cash Flow Yield (TTM)4.90%8.99%