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HCA vs. THC: HCA Healthcare vs. Tenet Healthcare Stock Comparison

How do HCA Healthcare (HCA) 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

HCA Healthcare (HCA) and Tenet Healthcare (THC) are both classified in the Health Care Facilities sub-industry within the broader Health Care Providers & Services industry, placing them in the closest GICS peer bucket.

Company profile comparison for HCA Healthcare (HCA) and Tenet Healthcare (THC)
Profile ItemHCATHC
NameHCA Healthcare, Inc.Tenet 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 FacilitiesHealth Care Facilities
Market Capitalization103.40 billion USD22.55 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateMarch 10, 2011March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

HCA
THC
GSPC
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HCA Healthcare (HCA) 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 HCA Healthcare (HCA) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
Total Return (1Y)6.56%43.40%
Total Return (3Y, Annualized)31.39%77.47%
Total Return (5Y, Annualized)16.40%29.92%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
Volatility (1Y, Annualized)32.89%43.80%
Beta (5Y)1.071.17
Max Drawdown (5Y)-39.49%-58.88%
Avg. Volume (3M)1.35M768.24K

Risk-Adjusted Performance

Risk-Return Positioning

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HCA 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 HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
Sharpe Ratio (1Y)0.070.89
Sortino Ratio (1Y)0.111.71

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Tenet Healthcare (THC) earns 41.70% on shareholders’ equity, ranked against its industry; HCA Healthcare (HCA) has no ROE this period.

HCA

Health Care Equipment & Services industry group

--

Max
47.61%
Q3
14.36%
Median
5.45%
Q1
-10.67%
Min
-47.01%
HCA
--

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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): HCA does not report ROE, so it has no value marker; THC is benchmarked against the Health Care Equipment & Services industry group.

Net Margin (TTM)

Tenet Healthcare (THC) at 13.09% retains a top-quartile share of revenue as profit, ahead of HCA Healthcare (HCA) at 8.61%, which keeps about the industry-typical share.

HCA

Health Care Equipment & Services industry group

8.61%

Max
29.35%
Q3
9.33%
HCA
8.61%
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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Both HCA Healthcare (HCA) at 14.83% 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.

HCA

Health Care Equipment & Services industry group

14.83%

Max
35.43%
HCA
14.83%
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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
ROE (TTM)--41.70%
ROA (TTM)12.23%8.68%
Net Margin (TTM)8.61%13.09%
Operating Margin (TTM)14.83%19.04%
Gross Margin (TTM)42.76%42.47%

Growth

Revenue Growth

HCA Healthcare (HCA) at 7.08% 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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): A comparison of their Revenue Growth across different time periods.

EPS Growth

HCA Healthcare (HCA) at 28.77% sits in the top EPS growth quartile, while Tenet Healthcare (THC) at -52.63% is in the bottom quartile, showing a clear gap in earnings momentum.

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

Growth Metrics

Growth metrics for HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
Revenue Growth (YoY)7.08%3.07%
Revenue Growth (3Y CAGR)7.87%3.58%
EPS Growth (YoY)28.77%-52.63%
EPS Growth (3Y CAGR)13.94%59.88%

Financial Strength

Current Ratio (MRQ)

Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while HCA Healthcare (HCA) at 0.82 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for HCA.

HCA

Health Care Equipment & Services industry group

0.82

Max
7.59
Q3
4.00
Median
1.98
Q1
1.37
HCA
0.82
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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Only one side’s leverage can be read here: Tenet Healthcare (THC) carries debt-to-equity ratio of 1.38 against its industry range, while HCA Healthcare (HCA) reports no figure this period.

HCA

Health Care Equipment & Services industry group

--

Max
1.88
Q3
0.91
Median
0.58
Q1
0.16
Min
0.00
HCA
--

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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): HCA does not report debt-to-equity ratio, so it has no value marker; THC is benchmarked against the Health Care Equipment & Services industry group.

Financial Strength Metrics

Financial strength metrics for HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
Current Ratio (MRQ)0.821.59
Debt / Equity (MRQ)--1.38
Net Debt / EBITDA3.262.06

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 HCA Healthcare (HCA) reports a yield of 0.60%, ranking against industry peers normally.

HCA

Health Care Equipment & Services industry group

0.60%

HCA
0.60%
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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HCA Healthcare (HCA) 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 HCA Healthcare (HCA) reports a payout of 10.15%, ranking against industry peers normally.

HCA

Health Care Equipment & Services industry group

10.15%

HCA
10.15%
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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): A comparison of their payout ratio against the Health Care Equipment & Services industry group benchmark.

Dividend Metrics

Dividend metrics for HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
Dividend Yield (TTM)0.60%0.00%
Dividend Payout Ratio (TTM)10.15%0.00%

Valuation

P/E Ratio (TTM)

Both HCA Healthcare (HCA) at 16.42 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.

HCA

Health Care Equipment & Services industry group

16.42

Max
80.41
Q3
47.62
Median
29.93
Q1
21.19
HCA
16.42
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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HCA Healthcare (HCA) 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 HCA Healthcare (HCA) at 1.31 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.

HCA

Health Care Equipment & Services industry group

1.31

Max
8.80
Q3
4.32
Median
2.13
HCA
1.31
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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HCA Healthcare (HCA) vs. Tenet Healthcare (THC): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

HCA Healthcare (HCA) reports a negative P/B ratio of -12.92, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Tenet Healthcare (THC) reports 4.14, ranking against industry peers normally.

HCA

Health Care Equipment & Services industry group

-12.92

Max
11.68
Q3
6.12
Median
3.00
Q1
1.73
Min
-1.31
HCA
-12.92

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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HCA Healthcare (HCA) 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 HCA Healthcare (HCA) and Tenet Healthcare (THC)
MetricHCATHC
P/E Ratio (TTM)16.428.26
P/S Ratio (TTM)1.311.02
P/B Ratio (MRQ)-12.924.14
Free Cash Flow Yield (TTM)3.81%8.99%