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.
| Profile Item | GEHC | THC |
|---|---|---|
| Name | GE HealthCare Technologies 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 Equipment & Supplies | Health Care Providers & Services |
| GICS Sub-Industry | Health Care Equipment | Health Care Facilities |
| Market Capitalization | 37.25 billion USD | 22.55 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | December 15, 2022 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | GEHC | THC |
|---|---|---|
| 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
Return Distribution
Risk Metrics
| Metric | GEHC | THC |
|---|---|---|
| Volatility (1Y, Annualized) | 35.93% | 43.80% |
| Beta (5Y) | 0.69 | 1.17 |
| Max Drawdown (5Y) | -37.35% | -58.88% |
| Avg. Volume (3M) | 3.56M | 768.24K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | GEHC | THC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.28 | 0.89 |
| Sortino Ratio (1Y) | 0.41 | 1.71 |
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%
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%
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%
Profitability Metrics
| Metric | GEHC | THC |
|---|---|---|
| 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.
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.
Growth Metrics
| Metric | GEHC | THC |
|---|---|---|
| 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
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
Financial Strength Metrics
| Metric | GEHC | THC |
|---|---|---|
| Current Ratio (MRQ) | 1.30 | 1.59 |
| Debt / Equity (MRQ) | 0.88 | 1.38 |
| Net Debt / EBITDA | 2.11 | 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 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%
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%
Dividend Metrics
| Metric | GEHC | THC |
|---|---|---|
| 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
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
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
Valuation Metrics
| Metric | GEHC | THC |
|---|---|---|
| P/E Ratio (TTM) | 17.42 | 8.26 |
| P/S Ratio (TTM) | 1.72 | 1.02 |
| P/B Ratio (MRQ) | 3.21 | 4.14 |
| Free Cash Flow Yield (TTM) | 4.92% | 8.99% |