CNC vs. THC: Centene vs. Tenet Healthcare Stock Comparison
How do Centene (CNC) 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
Centene (CNC) and Tenet Healthcare (THC) both belong to the Health Care Providers & Services industry, though CNC is classified under Managed Health Care while THC falls under Health Care Facilities.
| Profile Item | CNC | THC |
|---|---|---|
| Name | Centene Corp. | 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 | Managed Health Care | Health Care Facilities |
| Market Capitalization | 34.53 billion USD | 22.55 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | December 13, 2001 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CNC | THC |
|---|---|---|
| Total Return (1Y) | 84.77% | 43.40% |
| Total Return (3Y, Annualized) | -0.97% | 77.47% |
| Total Return (5Y, Annualized) | -1.48% | 29.92% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CNC | THC |
|---|---|---|
| Volatility (1Y, Annualized) | 46.34% | 43.80% |
| Beta (5Y) | 1.07 | 1.17 |
| Max Drawdown (5Y) | -74.07% | -58.88% |
| Avg. Volume (3M) | 4.63M | 768.24K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CNC | THC |
|---|---|---|
| Sharpe Ratio (1Y) | 1.74 | 0.89 |
| Sortino Ratio (1Y) | 2.71 | 1.71 |
Profitability
ROE (TTM)
Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while Centene (CNC) at 6.74% is closer to the peer norm — stronger capital efficiency for THC.
CNC
Health Care Equipment & Services industry group
6.74%
- Max
- 47.61%
- Q3
- 14.36%
- CNC
- 6.74%
- 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 Centene (CNC) at 0.81%, which keeps about the industry-typical share.
CNC
Health Care Equipment & Services industry group
0.81%
- Max
- 29.35%
- Q3
- 9.33%
- Median
- 2.18%
- CNC
- 0.81%
- 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 Centene (CNC) at 0.74%, which runs around its industry’s norm.
CNC
Health Care Equipment & Services industry group
0.74%
- Max
- 35.43%
- Q3
- 14.14%
- Median
- 6.81%
- CNC
- 0.74%
- 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 | CNC | THC |
|---|---|---|
| ROE (TTM) | 6.74% | 41.70% |
| ROA (TTM) | 2.68% | 8.68% |
| Net Margin (TTM) | 0.81% | 13.09% |
| Operating Margin (TTM) | 0.74% | 19.04% |
| Gross Margin (TTM) | 11.34% | 42.47% |
Growth
Revenue Growth
Centene (CNC) at 19.44% 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.
EPS Growth
Neither side shows strong earnings momentum: Tenet Healthcare (THC) at -52.63% sits in the bottom EPS growth quartile, and Centene (CNC) at -314.42% is weaker still, below its industry range.
Growth Metrics
| Metric | CNC | THC |
|---|---|---|
| Revenue Growth (YoY) | 19.44% | 3.07% |
| Revenue Growth (3Y CAGR) | 10.45% | 3.58% |
| EPS Growth (YoY) | -314.42% | -52.63% |
| EPS Growth (3Y CAGR) | -- | 59.88% |
Financial Strength
Current Ratio (MRQ)
Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while Centene (CNC) at 1.16 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CNC.
CNC
Health Care Equipment & Services industry group
1.16
- Max
- 7.59
- Q3
- 4.00
- Median
- 1.98
- Q1
- 1.37
- CNC
- 1.16
- 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)
Centene (CNC) at 0.70 carries an industry-typical debt-to-equity mix, while Tenet Healthcare (THC) at 1.38 uses more debt funding than most peers.
CNC
Health Care Equipment & Services industry group
0.70
- Max
- 1.88
- Q3
- 0.91
- CNC
- 0.70
- 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 | CNC | THC |
|---|---|---|
| Current Ratio (MRQ) | 1.16 | 1.59 |
| Debt / Equity (MRQ) | 0.70 | 1.38 |
| Net Debt / EBITDA | -1.71 | 2.06 |
Dividends
Dividend Yield (TTM)
Neither Centene (CNC) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CNC
Health Care Equipment & Services industry group
0.00%
- CNC
- 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 Centene (CNC) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CNC
Health Care Equipment & Services industry group
0.00%
- CNC
- 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 | CNC | 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 Centene (CNC) at 23.97 is closer to its industry’s usual earnings multiple — a discount for THC, though growth and earnings durability still matter.
CNC
Health Care Equipment & Services industry group
23.97
- Max
- 80.41
- Q3
- 47.62
- Median
- 29.93
- CNC
- 23.97
- 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 Centene (CNC) at 0.19 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.
CNC
Health Care Equipment & Services industry group
0.19
- Max
- 8.80
- Q3
- 4.32
- Median
- 2.13
- Q1
- 1.10
- CNC
- 0.19
- 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)
Centene (CNC) at 1.55 sits in the lower P/B ratio quartile against book while Tenet Healthcare (THC) at 4.14 is valued near its industry’s middle — CNC is cheaper on assets, though weigh it against ROE and asset quality.
CNC
Health Care Equipment & Services industry group
1.55
- Max
- 11.68
- Q3
- 6.12
- Median
- 3.00
- Q1
- 1.73
- CNC
- 1.55
- 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 | CNC | THC |
|---|---|---|
| P/E Ratio (TTM) | 23.97 | 8.26 |
| P/S Ratio (TTM) | 0.19 | 1.02 |
| P/B Ratio (MRQ) | 1.55 | 4.14 |
| Free Cash Flow Yield (TTM) | 8.93% | 8.99% |