PEN vs. THC: Penumbra vs. Tenet Healthcare Stock Comparison

November 11, 2026

How do Penumbra (PEN) 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

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

Company profile comparison for Penumbra (PEN) and Tenet Healthcare (THC)
Profile Item	PEN	THC
Name	Penumbra 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	12.58 billion USD	22.55 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	September 18, 2015	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PEN

THC

GSPC

Penumbra (PEN) 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 Penumbra (PEN) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
Total Return (1Y)	20.52%	43.40%
Total Return (3Y, Annualized)	20.38%	77.47%
Total Return (5Y, Annualized)	3.15%	29.92%

Risk Profile

Drawdown History

PEN

THC

GSPC

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

Risk Metrics

Risk profile metrics for Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
Volatility (1Y, Annualized)	19.78%	43.80%
Beta (5Y)	0.68	1.17
Max Drawdown (5Y)	-59.60%	-58.88%
Avg. Volume (3M)	348.64K	768.24K

Risk-Adjusted Performance

Risk-Return Positioning

PEN 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 Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
Sharpe Ratio (1Y)	0.82	0.89
Sortino Ratio (1Y)	1.56	1.71

Profitability

ROE (TTM)

Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while Penumbra (PEN) at 10.67% is closer to the peer norm — stronger capital efficiency for THC.

PEN

Health Care Equipment & Services industry group

10.67%

Max: 47.61%
Q3: 14.36%
PEN: 10.67%
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%

Penumbra (PEN) 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 Penumbra (PEN) at 10.06% 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.

PEN

Health Care Equipment & Services industry group

10.06%

Max: 29.35%
PEN: 10.06%
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%

Penumbra (PEN) vs. Tenet Healthcare (THC): A comparison of their net margin against the Health Care Equipment & Services industry group benchmark.

Operating Margin (TTM)

Tenet Healthcare (THC) at 19.04% operates in the top operating margin quartile, ahead of Penumbra (PEN) at 12.37%, which runs around its industry’s norm.

PEN

Health Care Equipment & Services industry group

12.37%

Max: 35.43%
Q3: 14.14%
PEN: 12.37%
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%

Penumbra (PEN) vs. Tenet Healthcare (THC): A comparison of their operating margin against the Health Care Equipment & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
ROE (TTM)	10.67%	41.70%
ROA (TTM)	6.28%	8.68%
Net Margin (TTM)	10.06%	13.09%
Operating Margin (TTM)	12.37%	19.04%
Gross Margin (TTM)	67.99%	42.47%

Growth

Revenue Growth

Penumbra (PEN) at 17.50% 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.

Penumbra (PEN) vs. Tenet Healthcare (THC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Penumbra (PEN) at 1,155.56% delivers above-range EPS growth, while Tenet Healthcare (THC) at -52.63% falls into the bottom quartile — a wide split in earnings momentum.

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

Growth Metrics

Growth metrics for Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
Revenue Growth (YoY)	17.50%	3.07%
Revenue Growth (3Y CAGR)	18.33%	3.58%
EPS Growth (YoY)	1,155.56%	-52.63%
EPS Growth (3Y CAGR)	--	59.88%

Financial Strength

Current Ratio (MRQ)

Tenet Healthcare (THC) at 1.59 keeps current ratio within its industry’s typical mid-range, while Penumbra (PEN) at 5.89 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

PEN

Health Care Equipment & Services industry group

5.89

Max: 7.59
PEN: 5.89
Q3: 4.00
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

Penumbra (PEN) vs. Tenet Healthcare (THC): A comparison of their current ratio against the Health Care Equipment & Services industry group benchmark.

Debt / Equity (MRQ)

Penumbra (PEN) at 0.13 keeps leverage in the lower quartile, while Tenet Healthcare (THC) at 1.38 sits in the higher-leverage quartile.

PEN

Health Care Equipment & Services industry group

0.13

Max: 1.88
Q3: 0.91
Median: 0.58
Q1: 0.16
PEN: 0.13
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

Penumbra (PEN) 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 Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
Current Ratio (MRQ)	5.89	1.59
Debt / Equity (MRQ)	0.13	1.38
Net Debt / EBITDA	-2.22	2.06

Dividends

Dividend Yield (TTM)

Neither Penumbra (PEN) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

PEN

Health Care Equipment & Services industry group

0.00%

PEN: 0.00%
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%

Penumbra (PEN) vs. Tenet Healthcare (THC): A comparison of their dividend yield against the Health Care Equipment & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Penumbra (PEN) nor Tenet Healthcare (THC) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

PEN

Health Care Equipment & Services industry group

0.00%

PEN: 0.00%
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%

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

Dividend Metrics

Dividend metrics for Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

P/E Ratio (TTM)

Tenet Healthcare (THC) at 8.26 sits in the cheaper P/E ratio quartile, while Penumbra (PEN) at 80.41 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

PEN

Health Care Equipment & Services industry group

80.41

PEN: 80.41
Max: 80.41
Q3: 47.62
Median: 29.93
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

Penumbra (PEN) 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 looks cheap on sales in the lower P/S ratio quartile, while Penumbra (PEN) at 8.06 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

PEN

Health Care Equipment & Services industry group

8.06

Max: 8.80
PEN: 8.06
Q3: 4.32
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

Penumbra (PEN) vs. Tenet Healthcare (THC): A comparison of their P/S ratio against the Health Care Equipment & Services industry group benchmark.

P/B Ratio (MRQ)

Tenet Healthcare (THC) at 4.14 is valued about in line with its industry on P/B ratio, while Penumbra (PEN) at 7.95 carries an above-peer premium to book — PEN is pricier on assets.

PEN

Health Care Equipment & Services industry group

7.95

Max: 11.68
PEN: 7.95
Q3: 6.12
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

Penumbra (PEN) 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 Penumbra (PEN) and Tenet Healthcare (THC)
Metric	PEN	THC
P/E Ratio (TTM)	80.41	8.26
P/S Ratio (TTM)	8.06	1.02
P/B Ratio (MRQ)	7.95	4.14
Free Cash Flow Yield (TTM)	1.32%	8.99%