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GEHC vs. THC: GE HealthCare vs. Tenet Healthcare Stock Comparison

How do GE HealthCare (GEHC) 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

GE HealthCare (GEHC) and Tenet Healthcare (THC) both fall under the Health Care Equipment & Services industry group, but GEHC is classified in Health Care Equipment & Supplies while THC is classified in Health Care Providers & Services.

Tenet Healthcare (THC) has more than two decades of public-market history since March 17, 1980, whereas GE HealthCare (GEHC) listed on December 15, 2022 and has a much shorter record to draw on.

Company profile comparison for GE HealthCare (GEHC) and Tenet Healthcare (THC)
Profile ItemGEHCTHC
NameGE HealthCare Technologies Inc.Tenet Healthcare Corp.
Country/RegionUnited StatesUnited States
GICS SectorHealth CareHealth Care
GICS Industry GroupHealth Care Equipment & ServicesHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & SuppliesHealth Care Providers & Services
GICS Sub-IndustryHealth Care EquipmentHealth Care Facilities
Market Capitalization37.25 billion USD22.55 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateDecember 15, 2022March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

GEHC
THC
GSPC
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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
Total Return (1Y)14.21%43.40%
Total Return (3Y, Annualized)7.01%77.47%
Total Return (5Y, Annualized)--29.92%

Risk Profile

Drawdown History

GEHC
THC
GSPC
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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) and Tenet Healthcare (THC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
Volatility (1Y, Annualized)35.93%43.80%
Beta (5Y)0.691.17
Max Drawdown (5Y)-37.35%-58.88%
Avg. Volume (3M)3.56M768.24K

Risk-Adjusted Performance

Risk-Return Positioning

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GEHC 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 GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
Sharpe Ratio (1Y)0.280.89
Sortino Ratio (1Y)0.411.71

Profitability

ROE (TTM)

Both GE HealthCare (GEHC) at 20.01% 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.

GEHC

Health Care Equipment & Services industry group

20.01%

Max
47.61%
GEHC
20.01%
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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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) at 9.95% 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.

GEHC

Health Care Equipment & Services industry group

9.95%

Max
29.35%
GEHC
9.95%
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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GE HealthCare (GEHC) vs. Tenet Healthcare (THC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both GE HealthCare (GEHC) at 15.33% 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.

GEHC

Health Care Equipment & Services industry group

15.33%

Max
35.43%
GEHC
15.33%
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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GE HealthCare (GEHC) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
ROE (TTM)20.01%41.70%
ROA (TTM)4.99%8.68%
Net Margin (TTM)9.95%13.09%
Operating Margin (TTM)15.33%19.04%
Gross Margin (TTM)39.29%42.47%

Growth

Revenue Growth

GE HealthCare (GEHC) at 4.84% 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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GE HealthCare (GEHC) vs. Tenet Healthcare (THC): A comparison of their Revenue Growth across different time periods.

EPS Growth

GE HealthCare (GEHC) at 4.84% 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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GE HealthCare (GEHC) vs. Tenet Healthcare (THC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
Revenue Growth (YoY)4.84%3.07%
Revenue Growth (3Y CAGR)3.99%3.58%
EPS Growth (YoY)4.84%-52.63%
EPS Growth (3Y CAGR)-0.58%59.88%

Financial Strength

Current Ratio (MRQ)

Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while GE HealthCare (GEHC) at 1.30 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for GEHC.

GEHC

Health Care Equipment & Services industry group

1.30

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
GEHC
1.30
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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GE HealthCare (GEHC) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

GE HealthCare (GEHC) at 0.88 carries an industry-typical debt-to-equity mix, while Tenet Healthcare (THC) at 1.38 uses more debt funding than most peers.

GEHC

Health Care Equipment & Services industry group

0.88

Max
1.88
Q3
0.91
GEHC
0.88
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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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
Current Ratio (MRQ)1.301.59
Debt / Equity (MRQ)0.881.38
Net Debt / EBITDA2.112.06

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 GE HealthCare (GEHC) reports a yield of 0.17%, ranking against industry peers normally.

GEHC

Health Care Equipment & Services industry group

0.17%

GEHC
0.17%
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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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) reports a payout of 2.96%, ranking against industry peers normally.

GEHC

Health Care Equipment & Services industry group

2.96%

GEHC
2.96%
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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GE HealthCare (GEHC) vs. Tenet Healthcare (THC): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
Dividend Yield (TTM)0.17%0.00%
Dividend Payout Ratio (TTM)2.96%0.00%

Valuation

P/E Ratio (TTM)

Both GE HealthCare (GEHC) at 17.42 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.

GEHC

Health Care Equipment & Services industry group

17.42

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
GEHC
17.42
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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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) at 1.72 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.

GEHC

Health Care Equipment & Services industry group

1.72

Max
8.80
Q3
4.32
Median
2.13
GEHC
1.72
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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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) at 3.21 and Tenet Healthcare (THC) at 4.14 are valued close to their industries’ norm against book — neither stands out from peers.

GEHC

Health Care Equipment & Services industry group

3.21

Max
11.68
Q3
6.12
GEHC
3.21
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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GE HealthCare (GEHC) 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 GE HealthCare (GEHC) and Tenet Healthcare (THC)
MetricGEHCTHC
P/E Ratio (TTM)17.428.26
P/S Ratio (TTM)1.721.02
P/B Ratio (MRQ)3.214.14
Free Cash Flow Yield (TTM)4.92%8.99%