BTSG vs. THC: BrightSpring Health Services vs. Tenet Healthcare Stock Comparison
How do BrightSpring Health Services (BTSG) 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
BrightSpring Health Services (BTSG) and Tenet Healthcare (THC) both belong to the Health Care Providers & Services industry, though BTSG is classified under Health Care Services while THC falls under Health Care Facilities.
Tenet Healthcare (THC) carries decades of public-market history since March 17, 1980, while BrightSpring Health Services (BTSG) listed on January 26, 2024 — long-window comparisons have far more historical data on the THC side.
| Profile Item | BTSG | THC |
|---|---|---|
| Name | BrightSpring Health Services, Inc. | Tenet Healthcare Corp. |
| Country/Region | United States | United States |
| GICS Sector | Health Care | Health Care |
| GICS Industry Group | Health Care Equipment & Services | Health Care Equipment & Services |
| GICS Industry | Health Care Providers & Services | Health Care Providers & Services |
| GICS Sub-Industry | Health Care Services | Health Care Facilities |
| Market Capitalization | 13.36 billion USD | 22.55 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | January 26, 2024 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BTSG | THC |
|---|---|---|
| Total Return (1Y) | 106.02% | 43.40% |
| Total Return (3Y, Annualized) | -- | 77.47% |
| Total Return (5Y, Annualized) | -- | 29.92% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BTSG | THC |
|---|---|---|
| Volatility (1Y, Annualized) | 45.20% | 43.80% |
| Beta (5Y) | 1.75 | 1.17 |
| Max Drawdown (5Y) | -35.56% | -58.88% |
| Avg. Volume (3M) | 2.47M | 768.24K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BTSG | THC |
|---|---|---|
| Sharpe Ratio (1Y) | 2.25 | 0.89 |
| Sortino Ratio (1Y) | 3.25 | 1.71 |
Profitability
ROE (TTM)
Both BrightSpring Health Services (BTSG) at 15.54% and Tenet Healthcare (THC) at 41.70% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
BTSG
Health Care Equipment & Services industry group
15.54%
- Max
- 47.61%
- BTSG
- 15.54%
- Q3
- 14.36%
- 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%
Net Margin (TTM)
Tenet Healthcare (THC) at 13.09% retains a top-quartile share of revenue as profit, ahead of BrightSpring Health Services (BTSG) at 2.69%, which keeps about the industry-typical share.
BTSG
Health Care Equipment & Services industry group
2.69%
- Max
- 29.35%
- Q3
- 9.33%
- BTSG
- 2.69%
- 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%
Operating Margin (TTM)
Tenet Healthcare (THC) at 19.04% operates in the top operating margin quartile, ahead of BrightSpring Health Services (BTSG) at 3.81%, which runs around its industry’s norm.
BTSG
Health Care Equipment & Services industry group
3.81%
- Max
- 35.43%
- Q3
- 14.14%
- Median
- 6.81%
- BTSG
- 3.81%
- 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%
Profitability Metrics
| Metric | BTSG | THC |
|---|---|---|
| ROE (TTM) | 15.54% | 41.70% |
| ROA (TTM) | 5.44% | 8.68% |
| Net Margin (TTM) | 2.69% | 13.09% |
| Operating Margin (TTM) | 3.81% | 19.04% |
| Gross Margin (TTM) | 12.50% | 42.47% |
Growth
Revenue Growth
BrightSpring Health Services (BTSG) at 28.18% sits in the top revenue growth quartile, while Tenet Healthcare (THC) at 3.07% is in the bottom quartile, showing a clear gap in revenue momentum.
EPS Growth
Only one side can be read here: Tenet Healthcare (THC) reports EPS growth of -52.63%, ranked against its industry; BrightSpring Health Services (BTSG) has no EPS growth figure this period.
Growth Metrics
| Metric | BTSG | THC |
|---|---|---|
| Revenue Growth (YoY) | 28.18% | 3.07% |
| Revenue Growth (3Y CAGR) | 18.69% | 3.58% |
| EPS Growth (YoY) | -- | -52.63% |
| EPS Growth (3Y CAGR) | -- | 59.88% |
Financial Strength
Current Ratio (MRQ)
Both BrightSpring Health Services (BTSG) at 1.62 and Tenet Healthcare (THC) at 1.59 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
BTSG
Health Care Equipment & Services industry group
1.62
- Max
- 7.59
- Q3
- 4.00
- Median
- 1.98
- BTSG
- 1.62
- 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
Debt / Equity (MRQ)
Both BrightSpring Health Services (BTSG) at 1.09 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.
BTSG
Health Care Equipment & Services industry group
1.09
- Max
- 1.88
- BTSG
- 1.09
- 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
Financial Strength Metrics
| Metric | BTSG | THC |
|---|---|---|
| Current Ratio (MRQ) | 1.62 | 1.59 |
| Debt / Equity (MRQ) | 1.09 | 1.38 |
| Net Debt / EBITDA | 2.39 | 2.06 |
Dividends
Dividend Yield (TTM)
Neither BrightSpring Health Services (BTSG) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
BTSG
Health Care Equipment & Services industry group
0.00%
- BTSG
- 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%
Dividend Payout Ratio (TTM)
Neither BrightSpring Health Services (BTSG) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
BTSG
Health Care Equipment & Services industry group
0.00%
- BTSG
- 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%
Dividend Metrics
| Metric | BTSG | THC |
|---|---|---|
| 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 BrightSpring Health Services (BTSG) at 47.62 is closer to its industry’s usual earnings multiple — a discount for THC, though growth and earnings durability still matter.
BTSG
Health Care Equipment & Services industry group
47.62
- Max
- 80.41
- BTSG
- 47.62
- Q3
- 47.62
- Median
- 29.93
- 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
P/S Ratio (TTM)
Both BrightSpring Health Services (BTSG) at 0.88 and Tenet Healthcare (THC) at 1.02 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.
BTSG
Health Care Equipment & Services industry group
0.88
- Max
- 8.80
- Q3
- 4.32
- Median
- 2.13
- Q1
- 1.10
- BTSG
- 0.88
- 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
P/B Ratio (MRQ)
Tenet Healthcare (THC) at 4.14 is valued about in line with its industry on P/B ratio, while BrightSpring Health Services (BTSG) at 6.39 carries an above-peer premium to book — BTSG is pricier on assets.
BTSG
Health Care Equipment & Services industry group
6.39
- Max
- 11.68
- BTSG
- 6.39
- Q3
- 6.12
- Median
- 3.00
- 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
Valuation Metrics
| Metric | BTSG | THC |
|---|---|---|
| P/E Ratio (TTM) | 47.62 | 8.26 |
| P/S Ratio (TTM) | 0.88 | 1.02 |
| P/B Ratio (MRQ) | 6.39 | 4.14 |
| Free Cash Flow Yield (TTM) | 8.30% | 8.99% |