YouTube · Q1 2026 · 2026-05-10
THC · NYSE
Tenet Healthcare Corporation
Medical Care Facilities · United States
USD 261.990.0% daily changeQuote 2026-09-18 · USD
- Market cap (USD)
- US$21.10B
- Trailing P/E
- 10.13x
- Forward P/E
- 12.43x
- Quarterly revenue growth
- 6.8%
- Trailing net margin
- 10.3%
- Indicated dividend yield
- —
Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-27 (provider estimate, not issuer-confirmed).
Company background
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.
Company websiteQ2 2026
Go beyond the headline.
Tenet Healthcare Stock: It CRUSHED Q2 and Raised Guidance — Is There Value Left?
Published 2026-07-25
Comparable businesses
THC peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | THCTenet Healthcare CorporationSnapshot 2026-09-20Financial period: 2026-06-30 | DVADaVita Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | UHSUniversal Health Services, Inc.Snapshot 2026-09-20Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$21.10B | US$11.73B | US$10.41B | US$11.07Bn=2 |
| Forward P/EProvider forward earnings estimate | 12.43x | 10.66x | 7.36x | 9.01xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 7.48x | 9.30x | 5.81x | 7.56xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 6.8% | 5.2% | 8.3% | 6.8%n=2 |
| Operating marginLatest reported quarter | 18.2% | 16.1% | 11.1% | 13.6%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 10.7% | 8.9% | 4.8% | 6.8%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | 2.29x | 4.50x | 1.90x | 3.20xn=2 |
| Debt / equityTotal debt / positive book equity | 1.52x | — | 0.69x | — |
| Trailing P/ETrailing twelve-month earnings | 10.13x | 15.58x | 7.21x | 11.40xn=2 |
| Price / bookPrice / positive book equity per share | 4.53x | — | 1.39x | — |
| EV / salesEnterprise value / trailing revenue | 1.66x | 1.88x | 0.87x | 1.37xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 213.4% | 55.8% | 10.1% | 33.0%n=2 |
| Gross marginTrailing twelve months | 41.7% | 32.4% | 44.6% | 38.5%n=2 |
| Net marginTrailing twelve months | 10.3% | 6.0% | 8.4% | 7.2%n=2 |
| Return on equityProvider trailing return; positive equity only | 37.3% | — | 20.9% | — |
| Free cash flow marginTrailing free cash flow / revenue | 10.3% | 7.4% | 2.8% | 5.1%n=2 |
| Dividend yieldIndicated annual dividend / price | — | — | 0.5% | — |
| Earnings payoutProvider trailing dividend payout | 0.0% | 0.0% | 3.3% | 1.6%n=2 |
| Current ratioCurrent assets / current liabilities | 1.41x | 1.47x | 1.12x | 1.29xn=2 |
| BetaProvider historical market sensitivity | 1.23 | 0.83 | 1.06 | 0.95n=2 |
YouTube · Q1 2026 · 2026-05-10
Universal Health Services, Inc. (UHS)
Extended size range · 0.49x market cap
Medical Care Facilities
YouTube · Q1 2026 · 2026-04-28
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
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Revenue
Reported figures
Financial data & calculation notes
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Market context
Valuation & price history
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for THC
Q2 20262026-07-25
Tenet Healthcare Stock: It CRUSHED Q2 and Raised Guidance — Is There Value Left?
Presentation · 2026-07-25 · YouTube