MDT vs. THC: Medtronic vs. Tenet Healthcare Stock Comparison
How do Medtronic (MDT) 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
Medtronic (MDT) and Tenet Healthcare (THC) both fall under the Health Care Equipment & Services industry group, but MDT is classified in Health Care Equipment & Supplies while THC is classified in Health Care Providers & Services.
| Profile Item | MDT | THC |
|---|---|---|
| Name | Medtronic plc | Tenet Healthcare Corp. |
| Country/Region | Ireland | 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 | 130.22 billion USD | 22.55 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 2, 1973 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MDT | THC |
|---|---|---|
| Total Return (1Y) | 15.72% | 43.40% |
| Total Return (3Y, Annualized) | 17.58% | 77.47% |
| Total Return (5Y, Annualized) | -0.18% | 29.92% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Medtronic (MDT) is heavily traded at around 16.48M shares per day, whereas Tenet Healthcare (THC) sees a more moderate 768.24K — larger orders in the latter may require more patience and tighter control over order sizing.
| Metric | MDT | THC |
|---|---|---|
| Volatility (1Y, Annualized) | 25.84% | 43.80% |
| Beta (5Y) | 0.53 | 1.17 |
| Max Drawdown (5Y) | -39.67% | -58.88% |
| Avg. Volume (3M) | 16.48M | 768.24K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MDT | THC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.44 | 0.89 |
| Sortino Ratio (1Y) | 0.71 | 1.71 |
Profitability
ROE (TTM)
Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while Medtronic (MDT) at 10.65% is closer to the peer norm — stronger capital efficiency for THC.
MDT
Health Care Equipment & Services industry group
10.65%
- Max
- 47.61%
- Q3
- 14.36%
- MDT
- 10.65%
- 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 Medtronic (MDT) at 13.93% 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.
MDT
Health Care Equipment & Services industry group
13.93%
- Max
- 29.35%
- MDT
- 13.93%
- 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 Medtronic (MDT) at 19.33% 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.
MDT
Health Care Equipment & Services industry group
19.33%
- Max
- 35.43%
- MDT
- 19.33%
- 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 | MDT | THC |
|---|---|---|
| ROE (TTM) | 10.65% | 41.70% |
| ROA (TTM) | 5.12% | 8.68% |
| Net Margin (TTM) | 13.93% | 13.09% |
| Operating Margin (TTM) | 19.33% | 19.04% |
| Gross Margin (TTM) | 65.27% | 42.47% |
Growth
Revenue Growth
Medtronic (MDT) at 8.43% 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
Medtronic (MDT) at 3.32% 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 | MDT | THC |
|---|---|---|
| Revenue Growth (YoY) | 8.43% | 3.07% |
| Revenue Growth (3Y CAGR) | 5.21% | 3.58% |
| EPS Growth (YoY) | 3.32% | -52.63% |
| EPS Growth (3Y CAGR) | 9.77% | 59.88% |
Financial Strength
Current Ratio (MRQ)
Both Medtronic (MDT) at 2.07 and Tenet Healthcare (THC) at 1.59 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.
MDT
Health Care Equipment & Services industry group
2.07
- Max
- 7.59
- Q3
- 4.00
- MDT
- 2.07
- Median
- 1.98
- 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
Debt / Equity (MRQ)
Medtronic (MDT) at 0.55 carries an industry-typical debt-to-equity mix, while Tenet Healthcare (THC) at 1.38 uses more debt funding than most peers.
MDT
Health Care Equipment & Services industry group
0.55
- Max
- 1.88
- Q3
- 0.91
- Median
- 0.58
- MDT
- 0.55
- 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 | MDT | THC |
|---|---|---|
| Current Ratio (MRQ) | 2.07 | 1.59 |
| Debt / Equity (MRQ) | 0.55 | 1.38 |
| Net Debt / EBITDA | 1.86 | 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 Medtronic (MDT) reports a yield of 2.72%, ranking against industry peers normally.
MDT
Health Care Equipment & Services industry group
2.72%
- MDT
- 2.72%
- 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 Medtronic (MDT) reports a payout of 70.02%, ranking against industry peers normally.
MDT
Health Care Equipment & Services industry group
70.02%
- MDT
- 70.02%
- 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 | MDT | THC |
|---|---|---|
| Dividend Yield (TTM) | 2.72% | 0.00% |
| Dividend Payout Ratio (TTM) | 70.02% | 0.00% |
Valuation
P/E Ratio (TTM)
Tenet Healthcare (THC) at 8.26 sits in the cheaper P/E ratio quartile, while Medtronic (MDT) at 25.01 is closer to its industry’s usual earnings multiple — a discount for THC, though growth and earnings durability still matter.
MDT
Health Care Equipment & Services industry group
25.01
- Max
- 80.41
- Q3
- 47.62
- Median
- 29.93
- MDT
- 25.01
- 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
P/S Ratio (TTM)
Tenet Healthcare (THC) at 1.02 sits in the cheaper P/S ratio quartile while Medtronic (MDT) at 3.47 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.
MDT
Health Care Equipment & Services industry group
3.47
- Max
- 8.80
- Q3
- 4.32
- MDT
- 3.47
- 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
P/B Ratio (MRQ)
On P/B ratio, both Medtronic (MDT) at 2.59 and Tenet Healthcare (THC) at 4.14 are valued close to their industries’ norm against book — neither stands out from peers.
MDT
Health Care Equipment & Services industry group
2.59
- Max
- 11.68
- Q3
- 6.12
- Median
- 3.00
- MDT
- 2.59
- 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 | MDT | THC |
|---|---|---|
| P/E Ratio (TTM) | 25.01 | 8.26 |
| P/S Ratio (TTM) | 3.47 | 1.02 |
| P/B Ratio (MRQ) | 2.59 | 4.14 |
| Free Cash Flow Yield (TTM) | 4.16% | 8.99% |