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DGX vs. THC: Quest Diagnostics vs. Tenet Healthcare Stock Comparison

How do Quest Diagnostics (DGX) 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

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

Company profile comparison for Quest Diagnostics (DGX) and Tenet Healthcare (THC)
Profile ItemDGXTHC
NameQuest Diagnostics IncorporatedTenet Healthcare Corp.
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Providers & ServicesHealth Care Providers & Services
GICS Sub-IndustryHealth Care ServicesHealth Care Facilities
Market Capitalization28.21 billion USD22.55 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateDecember 17, 1996March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

DGX
THC
GSPC
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Quest Diagnostics (DGX) 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 Quest Diagnostics (DGX) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
Total Return (1Y)45.88%43.40%
Total Return (3Y, Annualized)27.45%77.47%
Total Return (5Y, Annualized)14.84%29.92%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
Volatility (1Y, Annualized)24.06%43.80%
Beta (5Y)0.541.17
Max Drawdown (5Y)-28.62%-58.88%
Avg. Volume (3M)1.00M768.24K

Risk-Adjusted Performance

Risk-Return Positioning

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DGX 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 Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
Sharpe Ratio (1Y)1.730.89
Sortino Ratio (1Y)3.161.71

Profitability

ROE (TTM)

Both Quest Diagnostics (DGX) at 15.32% 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.

DGX

Health Care Equipment & Services industry group

15.32%

Max
47.61%
DGX
15.32%
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%
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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Quest Diagnostics (DGX) at 9.54% and Tenet Healthcare (THC) at 13.09% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

DGX

Health Care Equipment & Services industry group

9.54%

Max
29.35%
DGX
9.54%
Q3
9.33%
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%
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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both Quest Diagnostics (DGX) at 15.63% and Tenet Healthcare (THC) at 19.04% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

DGX

Health Care Equipment & Services industry group

15.63%

Max
35.43%
DGX
15.63%
Q3
14.14%
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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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
ROE (TTM)15.32%41.70%
ROA (TTM)6.61%8.68%
Net Margin (TTM)9.54%13.09%
Operating Margin (TTM)15.63%19.04%
Gross Margin (TTM)33.18%42.47%

Growth

Revenue Growth

Quest Diagnostics (DGX) at 11.78% 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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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Quest Diagnostics (DGX) at 13.78% is around its peer norm for EPS growth, while Tenet Healthcare (THC) at -52.63% drops into the bottom quartile, signaling weaker earnings momentum.

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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
Revenue Growth (YoY)11.78%3.07%
Revenue Growth (3Y CAGR)3.74%3.58%
EPS Growth (YoY)13.78%-52.63%
EPS Growth (3Y CAGR)3.16%59.88%

Financial Strength

Current Ratio (MRQ)

Both Quest Diagnostics (DGX) at 1.70 and Tenet Healthcare (THC) at 1.59 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

DGX

Health Care Equipment & Services industry group

1.70

Max
7.59
Q3
4.00
Median
1.98
DGX
1.70
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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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Quest Diagnostics (DGX) at 0.80 carries an industry-typical debt-to-equity mix, while Tenet Healthcare (THC) at 1.38 uses more debt funding than most peers.

DGX

Health Care Equipment & Services industry group

0.80

Max
1.88
Q3
0.91
DGX
0.80
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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Quest Diagnostics (DGX) 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 Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
Current Ratio (MRQ)1.701.59
Debt / Equity (MRQ)0.801.38
Net Debt / EBITDA2.382.06

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 Quest Diagnostics (DGX) reports a yield of 1.33%, ranking against industry peers normally.

DGX

Health Care Equipment & Services industry group

1.33%

DGX
1.33%
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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Quest Diagnostics (DGX) 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 Quest Diagnostics (DGX) reports a payout of 25.10%, ranking against industry peers normally.

DGX

Health Care Equipment & Services industry group

25.10%

DGX
25.10%
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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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
Dividend Yield (TTM)1.33%0.00%
Dividend Payout Ratio (TTM)25.10%0.00%

Valuation

P/E Ratio (TTM)

Tenet Healthcare (THC) at 8.26 sits in the cheaper P/E ratio quartile, while Quest Diagnostics (DGX) at 25.46 is closer to its industry’s usual earnings multiple — a discount for THC, though growth and earnings durability still matter.

DGX

Health Care Equipment & Services industry group

25.46

Max
80.41
Q3
47.62
Median
29.93
DGX
25.46
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
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Quest Diagnostics (DGX) vs. Tenet Healthcare (THC): A comparison of their P/E ratio against the Health Care Equipment & Services industry group benchmark.

P/S Ratio (TTM)

Tenet Healthcare (THC) at 1.02 sits in the cheaper P/S ratio quartile while Quest Diagnostics (DGX) at 2.38 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.

DGX

Health Care Equipment & Services industry group

2.38

Max
8.80
Q3
4.32
DGX
2.38
Median
2.13
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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Quest Diagnostics (DGX) 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 Quest Diagnostics (DGX) at 3.68 and Tenet Healthcare (THC) at 4.14 are valued close to their industries’ norm against book — neither stands out from peers.

DGX

Health Care Equipment & Services industry group

3.68

Max
11.68
Q3
6.12
DGX
3.68
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
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Quest Diagnostics (DGX) 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 Quest Diagnostics (DGX) and Tenet Healthcare (THC)
MetricDGXTHC
P/E Ratio (TTM)25.468.26
P/S Ratio (TTM)2.381.02
P/B Ratio (MRQ)3.684.14
Free Cash Flow Yield (TTM)3.09%8.99%