THC vs. UHS: Tenet Healthcare vs. Universal Health Services Stock Comparison

November 11, 2026

How do Tenet Healthcare (THC) and Universal Health Services (UHS) 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

Tenet Healthcare (THC) and Universal Health Services (UHS) 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 Tenet Healthcare (THC) and Universal Health Services (UHS)
Profile Item	THC	UHS
Name	Tenet Healthcare Corp.	Universal Health Services Inc. Class B Common Stock
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 Providers & Services	Health Care Providers & Services
GICS Sub-Industry	Health Care Facilities	Health Care Facilities
Market Capitalization	22.55 billion USD	11.52 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	March 17, 1980	July 9, 1981
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

THC

UHS

GSPC

Tenet Healthcare (THC) vs. Universal Health Services (UHS), 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 Tenet Healthcare (THC) and Universal Health Services (UHS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
Total Return (1Y)	43.40%	-12.89%
Total Return (3Y, Annualized)	77.47%	16.25%
Total Return (5Y, Annualized)	29.92%	9.70%

Risk Profile

Drawdown History

THC

UHS

GSPC

Tenet Healthcare (THC) vs. Universal Health Services (UHS), 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 Tenet Healthcare (THC) and Universal Health Services (UHS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
Volatility (1Y, Annualized)	43.80%	34.26%
Beta (5Y)	1.17	1.06
Max Drawdown (5Y)	-58.88%	-43.34%
Avg. Volume (3M)	768.24K	707.83K

Risk-Adjusted Performance

Risk-Return Positioning

THC and UHS 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 Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
Sharpe Ratio (1Y)	0.89	-0.50
Sortino Ratio (1Y)	1.71	-0.70

Profitability

ROE (TTM)

Both Tenet Healthcare (THC) at 41.70% and Universal Health Services (UHS) at 19.74% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

UHS

Health Care Equipment & Services industry group

19.74%

Max: 47.61%
UHS: 19.74%
Q3: 14.36%
Median: 5.45%
Q1: -10.67%
Min: -47.01%

Tenet Healthcare (THC) vs. Universal Health Services (UHS): A comparison of their ROE against the Health Care Equipment & Services industry group benchmark.

Net Margin (TTM)

Tenet Healthcare (THC) at 13.09% retains a top-quartile share of revenue as profit, ahead of Universal Health Services (UHS) at 7.97%, which keeps about the industry-typical share.

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%

UHS

Health Care Equipment & Services industry group

7.97%

Max: 29.35%
Q3: 9.33%
UHS: 7.97%
Median: 2.18%
Q1: -6.29%
Min: -28.46%

Tenet Healthcare (THC) vs. Universal Health Services (UHS): 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 Universal Health Services (UHS) at 9.60%, which runs around its industry’s norm.

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%

UHS

Health Care Equipment & Services industry group

9.60%

Max: 35.43%
Q3: 14.14%
UHS: 9.60%
Median: 6.81%
Q1: -0.28%
Min: -16.29%

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

Profitability Metrics

Profitability metrics for Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
ROE (TTM)	41.70%	19.74%
ROA (TTM)	8.68%	7.65%
Net Margin (TTM)	13.09%	7.97%
Operating Margin (TTM)	19.04%	9.60%
Gross Margin (TTM)	42.47%	44.51%

Growth

Revenue Growth

Universal Health Services (UHS) at 9.71% 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.

Tenet Healthcare (THC) vs. Universal Health Services (UHS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Universal Health Services (UHS) at 37.34% 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.

Tenet Healthcare (THC) vs. Universal Health Services (UHS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
Revenue Growth (YoY)	3.07%	9.71%
Revenue Growth (3Y CAGR)	3.58%	9.03%
EPS Growth (YoY)	-52.63%	37.34%
EPS Growth (3Y CAGR)	59.88%	36.21%

Financial Strength

Current Ratio (MRQ)

Both Tenet Healthcare (THC) at 1.59 and Universal Health Services (UHS) at 1.37 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

UHS

Health Care Equipment & Services industry group

1.37

Max: 7.59
Q3: 4.00
Median: 1.98
UHS: 1.37
Q1: 1.37
Min: 0.30

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

Debt / Equity (MRQ)

Universal Health Services (UHS) at 0.80 carries an industry-typical debt-to-equity mix, while Tenet Healthcare (THC) at 1.38 uses more debt funding than most peers.

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

UHS

Health Care Equipment & Services industry group

0.80

Max: 1.88
Q3: 0.91
UHS: 0.80
Median: 0.58
Q1: 0.16
Min: 0.00

Tenet Healthcare (THC) vs. Universal Health Services (UHS): A comparison of their debt-to-equity ratio against the Health Care Equipment & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
Current Ratio (MRQ)	1.59	1.37
Debt / Equity (MRQ)	1.38	0.80
Net Debt / EBITDA	2.06	2.27

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 Universal Health Services (UHS) reports a yield of 0.10%, ranking against industry peers normally.

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%

UHS

Health Care Equipment & Services industry group

0.10%

UHS: 0.10%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Tenet Healthcare (THC) vs. Universal Health Services (UHS): 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 Universal Health Services (UHS) reports a payout of 3.35%, ranking against industry peers normally.

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%

UHS

Health Care Equipment & Services industry group

3.35%

UHS: 3.35%
Max: 0.00%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

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

Dividend Metrics

Dividend metrics for Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
Dividend Yield (TTM)	0.00%	0.10%
Dividend Payout Ratio (TTM)	0.00%	3.35%

Valuation

P/E Ratio (TTM)

Both Tenet Healthcare (THC) at 8.26 and Universal Health Services (UHS) at 8.18 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.

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

UHS

Health Care Equipment & Services industry group

8.18

Max: 80.41
Q3: 47.62
Median: 29.93
Q1: 21.19
UHS: 8.18
Min: 4.21

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

P/S Ratio (TTM)

Both Tenet Healthcare (THC) at 1.02 and Universal Health Services (UHS) at 0.63 fetch a relatively low price per dollar of sales, landing in the cheaper P/S ratio quartile of their industries.

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

UHS

Health Care Equipment & Services industry group

0.63

Max: 8.80
Q3: 4.32
Median: 2.13
Q1: 1.10
UHS: 0.63
Min: 0.03

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

P/B Ratio (MRQ)

Universal Health Services (UHS) at 1.51 sits in the lower P/B ratio quartile against book while Tenet Healthcare (THC) at 4.14 is valued near its industry’s middle — UHS is cheaper on assets, though weigh it against ROE and asset quality.

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

UHS

Health Care Equipment & Services industry group

1.51

Max: 11.68
Q3: 6.12
Median: 3.00
Q1: 1.73
UHS: 1.51
Min: -1.31

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

Valuation Metrics

Valuation metrics for Tenet Healthcare (THC) and Universal Health Services (UHS)
Metric	THC	UHS
P/E Ratio (TTM)	8.26	8.18
P/S Ratio (TTM)	1.02	0.63
P/B Ratio (MRQ)	4.14	1.51
Free Cash Flow Yield (TTM)	8.99%	6.47%