CVS vs. THC: CVS Health vs. Tenet Healthcare Stock Comparison

November 11, 2026

How do CVS Health (CVS) 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

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

Company profile comparison for CVS Health (CVS) and Tenet Healthcare (THC)
Profile Item	CVS	THC
Name	CVS Health Corporation Common Stock	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	107.28 billion USD	22.55 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	February 21, 1973	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVS

THC

GSPC

CVS Health (CVS) 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 CVS Health (CVS) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
Total Return (1Y)	11.41%	43.40%
Total Return (3Y, Annualized)	12.73%	77.47%
Total Return (5Y, Annualized)	1.70%	29.92%

Risk Profile

Drawdown History

CVS

THC

GSPC

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

Risk Metrics

Risk profile metrics for CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
Volatility (1Y, Annualized)	34.14%	43.80%
Beta (5Y)	0.60	1.17
Max Drawdown (5Y)	-56.79%	-58.88%
Avg. Volume (3M)	8.60M	768.24K

Risk-Adjusted Performance

Risk-Return Positioning

CVS 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 CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
Sharpe Ratio (1Y)	0.21	0.89
Sortino Ratio (1Y)	0.28	1.71

Profitability

ROE (TTM)

Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while CVS Health (CVS) at 14.36% is closer to the peer norm — stronger capital efficiency for THC.

CVS

Health Care Equipment & Services industry group

14.36%

Max: 47.61%
CVS: 14.36%
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%

CVS Health (CVS) 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 CVS Health (CVS) at 2.64%, which keeps about the industry-typical share.

CVS

Health Care Equipment & Services industry group

2.64%

Max: 29.35%
Q3: 9.33%
CVS: 2.64%
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%

CVS Health (CVS) 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 CVS Health (CVS) at 2.72%, which runs around its industry’s norm.

CVS

Health Care Equipment & Services industry group

2.72%

Max: 35.43%
Q3: 14.14%
Median: 6.81%
CVS: 2.72%
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%

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

Profitability Metrics

Profitability metrics for CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
ROE (TTM)	14.36%	41.70%
ROA (TTM)	3.11%	8.68%
Net Margin (TTM)	2.64%	13.09%
Operating Margin (TTM)	2.72%	19.04%
Gross Margin (TTM)	13.72%	42.47%

Growth

Revenue Growth

CVS Health (CVS) at 7.85% 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.

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

EPS Growth

Both CVS Health (CVS) at -62.02% and Tenet Healthcare (THC) at -52.63% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

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

Growth Metrics

Growth metrics for CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
Revenue Growth (YoY)	7.85%	3.07%
Revenue Growth (3Y CAGR)	7.63%	3.58%
EPS Growth (YoY)	-62.02%	-52.63%
EPS Growth (3Y CAGR)	-24.73%	59.88%

Financial Strength

Current Ratio (MRQ)

Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while CVS Health (CVS) at 0.85 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CVS.

CVS

Health Care Equipment & Services industry group

0.85

Max: 7.59
Q3: 4.00
Median: 1.98
Q1: 1.37
CVS: 0.85
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

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

Debt / Equity (MRQ)

Both CVS Health (CVS) at 0.93 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.

CVS

Health Care Equipment & Services industry group

0.93

Max: 1.88
CVS: 0.93
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

CVS Health (CVS) 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 CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
Current Ratio (MRQ)	0.85	1.59
Debt / Equity (MRQ)	0.93	1.38
Net Debt / EBITDA	3.49	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 CVS Health (CVS) reports a yield of 3.27%, ranking against industry peers normally.

CVS

Health Care Equipment & Services industry group

3.27%

CVS: 3.27%
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%

CVS Health (CVS) 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 CVS Health (CVS) reports a payout of 30.89%, ranking against industry peers normally.

CVS

Health Care Equipment & Services industry group

30.89%

CVS: 30.89%
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%

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

Dividend Metrics

Dividend metrics for CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
Dividend Yield (TTM)	3.27%	0.00%
Dividend Payout Ratio (TTM)	30.89%	0.00%

Valuation

P/E Ratio (TTM)

Both CVS Health (CVS) at 9.74 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.

CVS

Health Care Equipment & Services industry group

9.74

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
CVS: 9.74
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

CVS Health (CVS) 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 CVS Health (CVS) at 0.26 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.

CVS

Health Care Equipment & Services industry group

0.26

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
CVS: 0.26
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

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

P/B Ratio (MRQ)

CVS Health (CVS) at 1.33 sits in the lower P/B ratio quartile against book while Tenet Healthcare (THC) at 4.14 is valued near its industry’s middle — CVS is cheaper on assets, though weigh it against ROE and asset quality.

CVS

Health Care Equipment & Services industry group

1.33

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
CVS: 1.33
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

CVS Health (CVS) 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 CVS Health (CVS) and Tenet Healthcare (THC)
Metric	CVS	THC
P/E Ratio (TTM)	9.74	8.26
P/S Ratio (TTM)	0.26	1.02
P/B Ratio (MRQ)	1.33	4.14
Free Cash Flow Yield (TTM)	11.02%	8.99%