COR vs. THC: Cencora vs. Tenet Healthcare Stock Comparison

November 11, 2026

How do Cencora (COR) 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

Cencora (COR) and Tenet Healthcare (THC) both belong to the Health Care Providers & Services industry, though COR is classified under Health Care Distributors while THC falls under Health Care Facilities.

Company profile comparison for Cencora (COR) and Tenet Healthcare (THC)
Profile Item	COR	THC
Name	Cencora 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 Distributors	Health Care Facilities
Market Capitalization	63.65 billion USD	22.55 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	April 4, 1995	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

COR

THC

GSPC

Cencora (COR) 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

Loading price history…

Trailing total returns for Cencora (COR) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

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

Performance Metrics

Price performance metrics for Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
Total Return (1Y)	-3.53%	43.40%
Total Return (3Y, Annualized)	21.62%	77.47%
Total Return (5Y, Annualized)	24.10%	29.92%

Risk Profile

Drawdown History

COR

THC

GSPC

Cencora (COR) 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

Loading price history…

Distribution of monthly total returns for Cencora (COR) and Tenet Healthcare (THC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
Volatility (1Y, Annualized)	31.90%	43.80%
Beta (5Y)	0.56	1.17
Max Drawdown (5Y)	-32.44%	-58.88%
Avg. Volume (3M)	1.29M	768.24K

Risk-Adjusted Performance

Risk-Return Positioning

COR 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 Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
Sharpe Ratio (1Y)	-0.24	0.89
Sortino Ratio (1Y)	-0.30	1.71

Profitability

ROE (TTM)

Both companies show strong equity returns, but Cencora (COR) at 129.01% is the standout with ROE above its industry range; Tenet Healthcare (THC) at 41.70% also sits in the top quartile.

COR

Health Care Equipment & Services industry group

129.01%

COR: 129.01%
Max: 47.61%
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%

Cencora (COR) vs. Tenet Healthcare (THC): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Tenet Healthcare (THC) at 13.09% retains a top-quartile share of revenue as profit, ahead of Cencora (COR) at 1.03%, which keeps about the industry-typical share.

COR

Health Care Equipment & Services industry group

1.03%

Max: 29.35%
Q3: 9.33%
Median: 2.18%
COR: 1.03%
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%

Cencora (COR) 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 Cencora (COR) at 1.27%, which runs around its industry’s norm.

COR

Health Care Equipment & Services industry group

1.27%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
COR: 1.27%
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%

Cencora (COR) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
ROE (TTM)	129.01%	41.70%
ROA (TTM)	3.57%	8.68%
Net Margin (TTM)	1.03%	13.09%
Operating Margin (TTM)	1.27%	19.04%
Gross Margin (TTM)	4.09%	42.47%

Growth

Revenue Growth

Only one side can be read here: Tenet Healthcare (THC) reports revenue growth of 3.07%, ranked against its industry; Cencora (COR) has no revenue growth figure this period.

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

EPS Growth

Cencora (COR) at 125.50% delivers above-range EPS growth, while Tenet Healthcare (THC) at -52.63% falls into the bottom quartile — a wide split in earnings momentum.

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

Growth Metrics

Growth metrics for Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
Revenue Growth (YoY)	--	3.07%
Revenue Growth (3Y CAGR)	--	3.58%
EPS Growth (YoY)	125.50%	-52.63%
EPS Growth (3Y CAGR)	28.15%	59.88%

Financial Strength

Current Ratio (MRQ)

Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while Cencora (COR) at 0.94 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for COR.

COR

Health Care Equipment & Services industry group

0.94

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
COR: 0.94
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

Cencora (COR) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Both balance sheets lean debt-heavy versus peers, but COR is more stretched: Tenet Healthcare (THC) at 1.38 sits in the higher-leverage quartile and Cencora (COR) at 3.06 is above its industry benchmark range.

COR

Health Care Equipment & Services industry group

3.06

COR: 3.06
Max: 1.88
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

Cencora (COR) 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 Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
Current Ratio (MRQ)	0.94	1.59
Debt / Equity (MRQ)	3.06	1.38
Net Debt / EBITDA	1.12	2.06

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 Cencora (COR) reports a yield of 0.71%, ranking against industry peers normally.

COR

Health Care Equipment & Services industry group

0.71%

COR: 0.71%
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%

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

Dividend Payout Ratio (TTM)

Tenet Healthcare (THC) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cencora (COR) reports a payout of 17.45%, ranking against industry peers normally.

COR

Health Care Equipment & Services industry group

17.45%

COR: 17.45%
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%

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

Dividend Metrics

Dividend metrics for Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
Dividend Yield (TTM)	0.71%	0.00%
Dividend Payout Ratio (TTM)	17.45%	0.00%

Valuation

P/E Ratio (TTM)

Both Cencora (COR) at 18.58 and Tenet Healthcare (THC) at 8.26 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

COR

Health Care Equipment & Services industry group

18.58

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
COR: 18.58
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

Cencora (COR) vs. Tenet Healthcare (THC): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Both Cencora (COR) 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.

COR

Health Care Equipment & Services industry group

0.19

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
COR: 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

Cencora (COR) vs. Tenet Healthcare (THC): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Tenet Healthcare (THC) at 4.14 sits near its industry’s typical P/B ratio, while Cencora (COR) at 17.29 prices above its benchmark range — COR looks rich relative to book.

COR

Health Care Equipment & Services industry group

17.29

COR: 17.29
Max: 11.68
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

Cencora (COR) 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 Cencora (COR) and Tenet Healthcare (THC)
Metric	COR	THC
P/E Ratio (TTM)	18.58	8.26
P/S Ratio (TTM)	0.19	1.02
P/B Ratio (MRQ)	17.29	4.14
Free Cash Flow Yield (TTM)	2.81%	8.99%