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BAX vs. THC: Baxter vs. Tenet Healthcare Stock Comparison

How do Baxter (BAX) 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

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

Company profile comparison for Baxter (BAX) and Tenet Healthcare (THC)
Profile ItemBAXTHC
NameBaxter International 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 EquipmentHealth Care Facilities
Market Capitalization13.34 billion USD22.55 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 27, 1981March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

BAX
THC
GSPC
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Baxter (BAX) 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 Baxter (BAX) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
Total Return (1Y)45.72%43.40%
Total Return (3Y, Annualized)-5.53%77.47%
Total Return (5Y, Annualized)-17.96%29.92%

Risk Profile

Drawdown History

BAX
THC
GSPC
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Baxter (BAX) 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 Baxter (BAX) and Tenet Healthcare (THC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
Volatility (1Y, Annualized)42.31%43.80%
Beta (5Y)0.621.17
Max Drawdown (5Y)-80.61%-58.88%
Avg. Volume (3M)6.53M768.24K

Risk-Adjusted Performance

Risk-Return Positioning

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BAX 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 Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
Sharpe Ratio (1Y)0.980.89
Sortino Ratio (1Y)1.421.71

Profitability

ROE (TTM)

Baxter (BAX) reports a negative ROE of -9.04%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Tenet Healthcare (THC) reports 41.70%, ranking against industry peers normally.

BAX

Health Care Equipment & Services industry group

-9.04%

Max
47.61%
Q3
14.36%
Median
5.45%
BAX
-9.04%
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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Baxter (BAX) vs. Tenet Healthcare (THC): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Baxter (BAX) reports a negative net margin of -6.23%, usually indicating a net loss over the period. Meanwhile Tenet Healthcare (THC) reports 13.09%, ranking against industry peers normally.

BAX

Health Care Equipment & Services industry group

-6.23%

Max
29.35%
Q3
9.33%
Median
2.18%
BAX
-6.23%
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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Baxter (BAX) vs. Tenet Healthcare (THC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Tenet Healthcare (THC) at 19.04% operates in the top operating margin quartile, ahead of Baxter (BAX) at 9.88%, which runs around its industry’s norm.

BAX

Health Care Equipment & Services industry group

9.88%

Max
35.43%
Q3
14.14%
BAX
9.88%
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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Baxter (BAX) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
ROE (TTM)-9.04%41.70%
ROA (TTM)2.71%8.68%
Net Margin (TTM)-6.23%13.09%
Operating Margin (TTM)9.88%19.04%
Gross Margin (TTM)33.37%42.47%

Growth

Revenue Growth

Baxter (BAX) at 5.72% is around its peer norm for revenue growth, while Tenet Healthcare (THC) at 3.07% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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

EPS Growth

Only one side can be read here: Tenet Healthcare (THC) reports EPS growth of -52.63%, ranked against its industry; Baxter (BAX) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
Revenue Growth (YoY)5.72%3.07%
Revenue Growth (3Y CAGR)3.79%3.58%
EPS Growth (YoY)---52.63%
EPS Growth (3Y CAGR)--59.88%

Financial Strength

Current Ratio (MRQ)

Both Baxter (BAX) at 1.79 and Tenet Healthcare (THC) at 1.59 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

BAX

Health Care Equipment & Services industry group

1.79

Max
7.59
Q3
4.00
Median
1.98
BAX
1.79
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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Baxter (BAX) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both Baxter (BAX) at 1.36 and Tenet Healthcare (THC) at 1.38 lean more heavily on debt funding than most peers, landing in the higher-leverage quartile of their industries.

BAX

Health Care Equipment & Services industry group

1.36

Max
1.88
BAX
1.36
Q3
0.91
Median
0.58
Q1
0.16
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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Baxter (BAX) 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 Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
Current Ratio (MRQ)1.791.59
Debt / Equity (MRQ)1.361.38
Net Debt / EBITDA3.732.06

Dividends

Dividend Yield (TTM)

Tenet Healthcare (THC) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Baxter (BAX) reports a yield of 0.16%, ranking against industry peers normally.

BAX

Health Care Equipment & Services industry group

0.16%

BAX
0.16%
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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Baxter (BAX) vs. Tenet Healthcare (THC): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Baxter (BAX) reports payout ratio above 100% at 154.67%, meaning dividends exceeded current-period earnings; Tenet Healthcare (THC) pays no dividend (payout 0.00%).

BAX

Health Care Equipment & Services industry group

154.67%

BAX
154.67%
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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Baxter (BAX) vs. Tenet Healthcare (THC): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
Dividend Yield (TTM)0.16%0.00%
Dividend Payout Ratio (TTM)154.67%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Tenet Healthcare (THC) trades at 8.26 times trailing earnings, ranked against its peers, while Baxter (BAX) has no P/E ratio this period.

BAX

Health Care Equipment & Services industry group

--

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
Min
4.21
BAX
--

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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Baxter (BAX) vs. Tenet Healthcare (THC): BAX does not report P/E ratio, so it has no value marker; THC is benchmarked against the Health Care Equipment & Services industry group.

P/S Ratio (TTM)

Tenet Healthcare (THC) at 1.02 sits in the cheaper P/S ratio quartile while Baxter (BAX) at 1.15 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.

BAX

Health Care Equipment & Services industry group

1.15

Max
8.80
Q3
4.32
Median
2.13
BAX
1.15
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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Baxter (BAX) 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 Baxter (BAX) at 2.05 and Tenet Healthcare (THC) at 4.14 are valued close to their industries’ norm against book — neither stands out from peers.

BAX

Health Care Equipment & Services industry group

2.05

Max
11.68
Q3
6.12
Median
3.00
BAX
2.05
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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Baxter (BAX) 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 Baxter (BAX) and Tenet Healthcare (THC)
MetricBAXTHC
P/E Ratio (TTM)--8.26
P/S Ratio (TTM)1.151.02
P/B Ratio (MRQ)2.054.14
Free Cash Flow Yield (TTM)9.16%8.99%