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Tenet Healthcare Corporation

THC · NYQ
$259.71+4.08%
52W Low: $157.5852W High: $283.05
Current: $259.71  ·  81% of 52-week range
HealthcareMedical Care FacilitiesNYQ
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Tenet Healthcare Corporation (THC) is a healthcare company in the medical care facilities industry with $21.81B in trailing revenue trading at a 10.0× trailing P/E — analyst consensus: buy.

Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and/or coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; tertiary care services, such as cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; pediatric quaternary care services through heart, liver, and kidney transplants programs; and limb salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging technology, surgical robotic, and telemedicine access services. In addition, it offers a range of procedures and services comprising orthopedics, total joint replacement, and spinal and other musculoskeletal procedures; gastroenterology; pain management; otolaryngology; ophthalmology; and urology. Further, the company operates acute care and specialty hospitals, off-campus emergency departments, imaging centers, urgent care centers, and micro-hospitals, as well as ambulatory surgery centers and surgical hospitals. Tenet Healthcare Corporation was founded in 1967 and is headquartered in Dallas, Texas.

Key Statistics

Market Cap$20.91B
Revenue (TTM)$21.81B
EPS (TTM)$25.87
EPS (Fwd est.)$21.09
Employees77,000
Trailing P/E10.04
Forward P/E12.31
PEG Ratio1.73
Price / Sales0.96
Price / Book4.49
EV / EBITDA7.44
Beta (5Y)1.23

Analyst Consensus

Consensus
Buy
Analyst Price Target
+9.6% upside
Target: $284.64

Annual Revenue & Net Income

RevenueNet Income
'22
$19.17B
$410.00M
'23
$20.56B
$610.00M
'24
$20.68B
$3.20B
'25
$21.31B
$1.41B

Earnings History


QuarterActual EPSEstimateResult
Jul 2026
$6.12
$4.26Beat (+43.5%)
Apr 2026
$4.82
$4.17Beat (+15.7%)
Feb 2026
$4.70
$4.07Beat (+15.6%)
Oct 2025
$3.70
$3.35Beat (+10.5%)

Next Earnings Report

Tenet Healthcare Corporation is next expected to report earnings on 27 Oct 2026.

Profitability

41.7%
18.2%
10.3%
Gross
Margin
Operating
Margin
Net
Margin
Revenue Growth (YoY)6.8%
Return on Equity37.3%
Return on Assets8.3%

Balance Sheet

Cash & Equivalents$2.17B
Total Debt$13.25B
Net Position$11.08B (net debt)
Free Cash Flow (TTM)$2.25B
Debt / Equity152.28

Share Ownership

Institutions 101.9%
Insiders 1.0%
Institutional figure exceeds 100% due to short selling

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Frequently Asked Questions

What does Tenet Healthcare Corporation (THC) do?
Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive…
What is THC's market cap?
Tenet Healthcare Corporation has a market capitalization of approximately $20.91B.
What is THC's P/E ratio?
Tenet Healthcare Corporation trades at a trailing P/E ratio of 10.0x and a forward P/E of 12.3x, which is below the broad market average of ~25x.
How much revenue does THC generate?
Tenet Healthcare Corporation generated $21.81B in trailing 12-month revenue.
What do analysts say about THC?
The analyst consensus rating for Tenet Healthcare Corporation is buy, with a mean price target of $284.64. That implies +9.6% upside from the current price.
When does THC report earnings?
Tenet Healthcare Corporation is next scheduled to report earnings on 27 Oct 2026.
Does THC pay a dividend?
Tenet Healthcare Corporation does not currently pay a regular dividend.

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