STE vs. THC: STERIS vs. Tenet Healthcare Stock Comparison

November 11, 2026

How do STERIS (STE) 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

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

Company profile comparison for STERIS (STE) and Tenet Healthcare (THC)
Profile Item	STE	THC
Name	STERIS plc	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	24.50 billion USD	22.55 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	June 1, 1992	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

STE

THC

GSPC

STERIS (STE) 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 STERIS (STE) and Tenet Healthcare (THC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
Total Return (1Y)	-1.85%	43.40%
Total Return (3Y, Annualized)	9.57%	77.47%
Total Return (5Y, Annualized)	3.26%	29.92%

Risk Profile

Drawdown History

STE

THC

GSPC

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

Risk Metrics

Risk profile metrics for STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
Volatility (1Y, Annualized)	26.39%	43.80%
Beta (5Y)	0.81	1.17
Max Drawdown (5Y)	-36.18%	-58.88%
Avg. Volume (3M)	694.02K	768.24K

Risk-Adjusted Performance

Risk-Return Positioning

STE 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 STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
Sharpe Ratio (1Y)	-0.23	0.89
Sortino Ratio (1Y)	-0.34	1.71

Profitability

ROE (TTM)

Tenet Healthcare (THC) at 41.70% sits in the top ROE quartile, while STERIS (STE) at 11.61% is closer to the peer norm — stronger capital efficiency for THC.

STE

Health Care Equipment & Services industry group

11.61%

Max: 47.61%
Q3: 14.36%
STE: 11.61%
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%

STERIS (STE) 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 STERIS (STE) at 13.41% 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.

STE

Health Care Equipment & Services industry group

13.41%

Max: 29.35%
STE: 13.41%
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%

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

Operating Margin (TTM)

Both STERIS (STE) at 19.18% 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.

STE

Health Care Equipment & Services industry group

19.18%

Max: 35.43%
STE: 19.18%
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%

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

Profitability Metrics

Profitability metrics for STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
ROE (TTM)	11.61%	41.70%
ROA (TTM)	7.00%	8.68%
Net Margin (TTM)	13.41%	13.09%
Operating Margin (TTM)	19.18%	19.04%
Gross Margin (TTM)	44.30%	42.47%

Growth

Revenue Growth

STERIS (STE) at 8.73% 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.

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

EPS Growth

STERIS (STE) at 27.90% 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.

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

Growth Metrics

Growth metrics for STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
Revenue Growth (YoY)	8.73%	3.07%
Revenue Growth (3Y CAGR)	9.38%	3.58%
EPS Growth (YoY)	27.90%	-52.63%
EPS Growth (3Y CAGR)	94.97%	59.88%

Financial Strength

Current Ratio (MRQ)

Both STERIS (STE) at 2.05 and Tenet Healthcare (THC) at 1.59 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

STE

Health Care Equipment & Services industry group

2.05

Max: 7.59
Q3: 4.00
STE: 2.05
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

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

Debt / Equity (MRQ)

STERIS (STE) at 0.28 carries an industry-typical debt-to-equity mix, while Tenet Healthcare (THC) at 1.38 uses more debt funding than most peers.

STE

Health Care Equipment & Services industry group

0.28

Max: 1.88
Q3: 0.91
Median: 0.58
STE: 0.28
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

STERIS (STE) 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 STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
Current Ratio (MRQ)	2.05	1.59
Debt / Equity (MRQ)	0.28	1.38
Net Debt / EBITDA	0.91	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 STERIS (STE) reports a yield of 1.02%, ranking against industry peers normally.

STE

Health Care Equipment & Services industry group

1.02%

STE: 1.02%
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%

STERIS (STE) 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 STERIS (STE) reports a payout of 30.61%, ranking against industry peers normally.

STE

Health Care Equipment & Services industry group

30.61%

STE: 30.61%
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%

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

Dividend Metrics

Dividend metrics for STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
Dividend Yield (TTM)	1.02%	0.00%
Dividend Payout Ratio (TTM)	30.61%	0.00%

Valuation

P/E Ratio (TTM)

Tenet Healthcare (THC) at 8.26 sits in the cheaper P/E ratio quartile, while STERIS (STE) at 29.93 is closer to its industry’s usual earnings multiple — a discount for THC, though growth and earnings durability still matter.

STE

Health Care Equipment & Services industry group

29.93

Max: 80.41
Q3: 47.62
STE: 29.93
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

STERIS (STE) 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 STERIS (STE) at 3.97 prices around its industry’s middle — THC costs less per dollar of sales, though read it alongside growth and margins.

STE

Health Care Equipment & Services industry group

3.97

Max: 8.80
Q3: 4.32
STE: 3.97
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

STERIS (STE) 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 STERIS (STE) at 3.38 and Tenet Healthcare (THC) at 4.14 are valued close to their industries’ norm against book — neither stands out from peers.

STE

Health Care Equipment & Services industry group

3.38

Max: 11.68
Q3: 6.12
STE: 3.38
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

STERIS (STE) 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 STERIS (STE) and Tenet Healthcare (THC)
Metric	STE	THC
P/E Ratio (TTM)	29.93	8.26
P/S Ratio (TTM)	3.97	1.02
P/B Ratio (MRQ)	3.38	4.14
Free Cash Flow Yield (TTM)	3.36%	8.99%