Superworth

Tenet Healthcare THC

Medical - Care Facilities, Healthcare
$268.45
−0.81%
Market cap
$21.6B
PE
10.4×
8y median 11.2×
Forward PE
12.9×
10y median 12.8×
Price to sales
1.0×
EV/EBIT
7.5×
Revenue, 12 months
$21.8B
+5% on a year ago
Net margin
10.3%
Free cash flow yield
14.0%

Tenet Healthcare trades at 10.4× trailing earnings, near its ten-year median. Revenue was $21.8B over the last twelve months, up 5% on a year earlier with a 10% net margin.

Charts

Financials

Income statement for THC, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$5.1B+6%$5.4B+8%$5.4B+7%$5.1B+1%$5.1B+1%$5.1B−6%$5.2B−3%$5.3B+3%$5.3B+3%$5.5B+9%$5.4B+3%$5.6B+7%
$568M−5%$735M+37%$3.3B+445%$761M+26%$1.1B+92%$821M+12%$943M−71%$823M+8%$889M−18%$853M+4%$1.3B+37%$1.5B+82%
Interest expense$227M+2%$227M+4%$218M−1%$203M−10%$202M−11%$203M−11%$204M−6%$206M+2%$206M+2%$205M+1%$205M+1%$204M−1%
Pre-tax income$345M−9%$519M+62%$3.1B+712%$587M+57%$922M+167%$655M+26%$765M−75%$642M+9%$712M−23%$681M+4%$1.1B+48%$1.3B+109%
$79M−30%$63M+34%$750M+793%$110M+38%$241M+205%$83M+32%$143M−81%$120M+9%$133M−45%$37M−55%$226M+58%$295M+146%
Net income$101M−23%$244M+139%$2.2B+1404%$259M+111%$472M+367%$318M+30%$406M−81%$288M+11%$342M−28%$371M+17%$702M+73%$826M+187%
$0.94−19%$2.34+141%$21.38+1520%$2.64+130%$4.89+420%$3.31+42%$4.27−80%$3.14+19%$3.86−21%$4.22+28%$8.01+88%$9.84+213%
104.4M−5%104.1M−1%100.6M−5%98.4M−6%96.7M−7%96M−8%95M−6%91.8M−7%88.6M−8%87.9M−8%87.6M−8%84M−9%

EPS, diluted: 15 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 9 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days. 6 periods, Q4 FY11 to Q4 FY18: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days. Q4 FY14 and Q4 FY20: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$5.5B$5.4B to $5.5B$4.68$4.10 to $5.1913
Q4 FY26$5.7B$5.7B to $5.8B$5.67$5.12 to $6.7013
Q1 FY27$5.4B$5.4B to $5.7B$4.93$4.86 to $5.185
Q2 FY27$5.6B$5.6B to $5.9B$5.57$5.49 to $5.865
Q3 FY27$5.6B$5.5B to $5.8B$4.90$4.83 to $5.155
Q4 FY27$5.8B$5.8B to $6.1B$5.89$5.80 to $6.195
Q1 FY28$5.7B$5.6B to $5.9B$5.10$5.03 to $5.366
Q2 FY28$5.9B$5.8B to $6.1B$5.78$5.69 to $6.086

Peers

Companies in Medical - Care Facilities nearest Tenet Healthcare's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
THCTenet Healthcare$21.6B10.4×11.2×12.9×1.0×+5%10.3%
EHCEncompass Health$12.2B20.2×18.4×n/m2.0×+9%10.0%
BTSGBrightSpring Health Services$11.9B36.4×57.7×n/m0.8×+26%2.5%
DVADavita$11.7B15.0×16.1×n/m0.8×+6%6.0%
UHSUniversal Health Services$11B7.6×13.6×n/m0.6×+10%8.4%
ENSGEnsign$10.2B27.5×25.5×n/m1.9×+19%6.9%
PACSPACS$7.5B27.2×27.2×n/m1.4×+15%4.8%
CHEChemed$6.7B25.8×29.0×n/m2.6×+3%10.6%
SHCSotera Health$5.2B31.8×55.4×n/m4.2×+8%13.4%
CONConcentra Group Holdings Parent$5B25.5×17.5×n/m2.2×+14%8.7%
LFSTLifeStance Health$4.9B99.5×142×n/m3.1×+20%3.2%
Peer median$8.9B26.5×26.3×n/a1.9×+12%7.7%

Investors who own it

Investors we follow who held Tenet Healthcare at the end of Jun 30, 2026, from their 13F filings.

More on Tenet Healthcare

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About

Industry
Medical - Care Facilities
Sector
Healthcare

Valuation data, not investment advice. Prices as of .