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THC US​

Tenet Healthcare Corp(THC US)

$268.45-2.180.81%Ext:$254.77-13.685.10%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Tenet Healthcare Corp — Company Profile

Tenet Healthcare Corporation operates as a broad-ranging provider of health solutions. The company organizes its operations across three main divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. Within its network of acute care facilities, Tenet delivers a full spectrum of essential services. These include core hospital functions such as operating and recovery suites, radiology and respiratory therapy, clinical laboratories, and on-site pharmacies. The organization also provides high-acuity patient care through intensive, critical, and coronary care units. Specialized medical services cover areas like cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics, alongside various outpatient treatments, including physical therapy. Advanced surgical capabilities feature cardiothoracic, complex spinal, and neurosurgery, as well as neonatal intensive care. Tenet extends its offerings to ultra-specialized quaternary care, exemplified by heart and kidney transplant programs, and sophisticated procedures such as limb-salvaging vascular interventions, acute Level 1 trauma care, intravascular stroke treatment, minimally invasive cardiac valve replacements, advanced imaging, and telemedicine access. Beyond its hospital network, Tenet manages numerous other clinical sites. These encompass outpatient surgical centers, immediate care facilities, diagnostic imaging centers, dedicated surgical hospitals, off-campus emergency departments, and micro-hospitals. Through its Conifer segment, the company furnishes critical healthcare business process solutions. These administrative services, offered to hospitals, health systems, physician practices, employers, and other clients, include financial administration for patient accounts (revenue cycle management), support for patient communications and engagement, and outcome-focused care strategies. As of February 9, 2022, Tenet's operational footprint included 60 hospitals and roughly 550 additional medical facilities. This count of additional sites comprises surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and various other clinical locations. Tenet Healthcare Corporation was established in 1975 and maintains its principal office in Dallas, Texas.

Sector
Consumer Staples
Industry
Personal Care Products
Exchange
UN
CEO
Saumya Sutaria
Headquarters
Dallas, TX, US
IPO Date
Mar 17, 1980
Employees
88,500
Website
www.tenethealth.com

Key Metrics

Price
$258.62
Market Cap
$20.82B
Revenue (TTM)
$5.37B
Net Income (TTM)
$702.00M
EPS (TTM)
8.09
P/E (TTM)
12.23
P/B (TTM)
4.33
Dividend Yield
4.94%
ROE (TTM)
14.58%
ROA (TTM)
2.25%
Operating Margin
16.43%
Beta
0.38

Dividends

Last Dividend
$0.01
Last Yield
0.05%

Summary

Tenet Healthcare Corporation operates as a broad-ranging provider of health solutions. The company organizes its operations across three main divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. Within its network of acute care facilities, Tenet delivers a full spectrum of essential services. These include core hospital functions such as operating and recovery suites, radiology and respiratory therapy, clinical laboratories, and on-site pharmacies. The organization also provides high-acuity patient care through intensive, critical, and coronary care units. Specialized medical services cover areas like cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics, alongside various outpatient treatments, including physical therapy. Advanced surgical capabilities feature cardiothoracic, complex spinal, and neurosurgery, as well as neonatal intensive care. Tenet extends its offerings to ultra-specialized quaternary care, exemplified by heart and kidney transplant programs, and sophisticated procedures such as limb-salvaging vascular interventions, acute Level 1 trauma care, intravascular stroke treatment, minimally invasive cardiac valve replacements, advanced imaging, and telemedicine access. Beyond its hospital network, Tenet manages numerous other clinical sites. These encompass outpatient surgical centers, immediate care facilities, diagnostic imaging centers, dedicated surgical hospitals, off-campus emergency departments, and micro-hospitals. Through its Conifer segment, the company furnishes critical healthcare business process solutions. These administrative services, offered to hospitals, health systems, physician practices, employers, and other clients, include financial administration for patient accounts (revenue cycle management), support for patient communications and engagement, and outcome-focused care strategies. As of February 9, 2022, Tenet's operational footprint included 60 hospitals and roughly 550 additional medical facilities. This count of additional sites comprises surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and various other clinical locations. Tenet Healthcare Corporation was established in 1975 and maintains its principal office in Dallas, Texas.

Website
www.tenethealth.com
Location
Dallas, TX, US
Phone469-893-2200
Employees88,500
CEOSaumya Sutaria
Sector
Consumer Staples
Industry
Personal Care Products
IPO DateMar 17, 1980

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Latest Documents

SEC Filings(2.4K)

Expand
  • 8-KEntry into a Material Definitive Agreement22 Sep
  • 4Statement of changes in beneficial ownership16 Sep
  • 4Statement of changes in beneficial ownership14 Sep
  • 144KERREY J ROBERT14 Sep
  • 144MARK RICHARD J10 Sep
  • 8-KRegulation FD Disclosure8 Sep
  • SC 13G/ATENET HEALTHCARE CORP4 Sep
  • 4Statement of changes in beneficial ownership3 Sep
  • 144West Nadja2 Sep
  • 4Statement of changes in beneficial ownership1 Sep
  • 4Statement of changes in beneficial ownership31 Aug
  • 144Foo Lisa Y31 Aug
  • 4Statement of changes in beneficial ownership26 Aug
  • 4Statement of changes in beneficial ownership26 Aug
  • 144Sutaria Saumya25 Aug
  • 144HANEY CECIL D24 Aug
  • 144Sutaria Saumya24 Aug
  • SC 13G/ATENET HEALTHCARE CORP14 Aug
  • 4Statement of changes in beneficial ownership10 Aug
  • 4Statement of changes in beneficial ownership7 Aug

News

  • Tenet Healthcare Corporation $THC Stake Boosted by Diversify Advisory Services LLC23 Oct
  • Will Tenet (THC) Beat Estimates Again in Its Next Earnings Report?22 Oct
  • Tenet Healthcare (THC) Earnings Expected to Grow: Should You Buy?22 Oct
  • Tenet Healthcare: Hospital Margins Are Improving Faster Than The Market May Expect22 Oct
  • Tenet Healthcare (THC) Stock Dips While Market Gains: Key Facts21 Oct
  • Investors Heavily Search Tenet Healthcare Corporation (THC): Here is What You Need to Know21 Oct
  • Tenet Healthcare Corporation $THC Stock Bought by CWA Asset Management Group LLC20 Oct
  • Tenet Healthcare Corporation $THC Shares Sold by First Citizens Bank & Trust Co.17 Oct
  • Why Tenet Healthcare (THC) is a Top Growth Stock for the Long-Term16 Oct
  • Why Tenet Healthcare (THC) Outpaced the Stock Market Today15 Oct
  • Tenet Healthcare (THC) Beats Stock Market Upswing: What Investors Need to Know9 Oct
  • Why Tenet Healthcare (THC) is a Top Value Stock for the Long-Term8 Oct
  • Tenet Healthcare Corporation (THC) is Attracting Investor Attention: Here is What You Should Know8 Oct
  • Head to Head Review: Tenet Healthcare (NYSE:THC) and Astrana Health (NASDAQ:ASTH)5 Oct
  • Tenet Healthcare (THC) Outpaces Stock Market Gains: What You Should Know2 Oct
  • Tenet to Report Its Third Quarter 2026 Results on October 292 Oct
  • Can THC's Cash Flow Support Its Expanding Capital-Return Strategy?30 Sep
  • Here's Why Tenet Healthcare (THC) is a Strong Growth Stock30 Sep
  • Is Tenet Healthcare (THC) Outperforming Other Medical Stocks This Year?28 Sep
  • Can Tenet Healthcare Sustain Growth Despite Lower Surgical Volumes?24 Sep

Mentions in Filings

  • … of the Compensation Committee. Dr. West has also served on the boards of directors of several other public companies, including serving as a member of the board of directors of Johnson & Johnson since December 2020, <strong>Tenet Healthcare</strong> Corp since October 2019, and Nucor Corporation since September 2019. From December 2015 to October 2019, Dr. West served as the 44th Surgeon General of the U.S. Army, and the Commanding General of the U.S. Army Medic …
    Personalis, Inc.Tenet Healthcare Corp·DEFM14A - Definitive proxy statement (merger)·Q4 26·21 Oct
  • … of the Compensation Committee. Dr. West has also served on the boards of directors of several other public companies, including serving as a member of the board of directors of Johnson & Johnson since December 2020, <strong>Tenet Healthcare</strong> Corp since October 2019, and Nucor Corporation since September 2019. From December 2015 to October 2019, Dr. West served as the 44th Surgeon General of the U.S. Army, and the Commanding General of the U.S. Army Medic …
    Tempus AI, Inc.Tenet Healthcare Corp·424B3 - Prospectus filing (Rule 424(b)(3))·Q4 26·21 Oct
  • … on. MedTech In June 2026, three Relators filed an Amended False Claims Act Complaint in the United States District Court for the Southern District of Florida alleging the Company and DePuy Synthes, along with <strong>Tenet Healthcare Corporation</strong>, Delray Medical Center, and West Boca Medical Center caused the submission of false claims to federal and Florida healthcare programs. The Relators are sales representatives for competitor companies, and the co …
    JOHNSON & JOHNSONTenet Healthcare Corp·10-Q - Quarterly report Q3·Q3 27·21 Oct
  • … of the Compensation Committee. Dr. West has also served on the boards of directors of several other public companies, including serving as a member of the board of directors of Johnson & Johnson since December 2020, <strong>Tenet Healthcare</strong> Corp since October 2019, and Nucor Corporation since September 2019. From December 2015 to October 2019, Dr. West served as the 44th Surgeon General of the U.S. Army, and the Commanding General of the U.S. Army Medic …
    Tempus AI, Inc.Tenet Healthcare Corp·S-4/A - Registration statement (business combination, amendment)·Q4 26·20 Oct
  • … anies on strategic growth, capital raising, mergers and acquisitions and business transformation initiatives, including strategic growth opportunities at Cabalen Group and Salcedo Auctions. •As former Country Head of <strong>Tenet Healthcare</strong>, Ms. Batungbacal built the company’s Manila offices from inception to approximately 3,000 employees, while managing a $54 million operating budget. Earlier, she led the establishment and expansion of QBE’s Philippine …
    IBEX LtdTenet Healthcare Corp·PRE 14A - Preliminary proxy statement·Q4 26·16 Oct
  • … anding1 Barry Cohen, COO – Americas & Board Member • Co-Founder, CEO and Director, Avra Medical Robotics • Former Director and President, Synalloy Corp. • Former Chairman of the Board, Wolverine Technologies Tim Paul Adams, Board Member • Regional Operating Officer, Ascension • Former Regional CEO, <strong>Tenet Healthcare</strong> • Chairman, Tennessee Hospital Association Dr. Mylswamy Annadurai, Board Member • Former Director, Indian Space Research Organization
    SS Innovations International, Inc.Tenet Healthcare Corp·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·5 Oct

Key Stats

Trading

Px/Chg 1D$258.62 / +1.83%
Avg Volume1.30M
Beta0.38
Mkt Cap20.82B
FD Mkt Cap21.27B

Float

Shrs Out/Float80.52M / 79.65M
Short Float0.04%
Days to Cover2.85
Stock Repurchased$318.00M

Current Valuation

EV35.10B
EV/EBITDA7.20
EV/Sales1.64
P/B4.33
P/S0.97
FCF Yield7.02%
ROE14.58%
ROA2.25%
Current Ratio1.36

Dividend

Cash$0.01
Yield4.94%
Yield (TTM)4.94%

Estimates

P/E12.23
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgApr '23Apr '24Apr '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings22.2018.7116.493.7542.3729.66
Price / Sales1.640.400.490.582.843.88
Price / Book Value4.796.736.272.883.724.33
Price / Free Cash Flow19.6023.966.2110.7642.8314.25
ENTERPRISE VALUE METRICS
Enterprise Value29,336.125,377.327,751.527,691.430,758.535,101.8
Enterprise Value / Sales3.221.321.351.345.576.54
Enterprise Value / EBITDA14.088.258.194.0227.5422.41
Enterprise Value / EBIT17.5811.3511.024.5634.7226.25

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue2.3%19,485.019,174.020,548.020,665.021,310.0
Gross Income24.6%7,268.07,048.07,805.08,209.017,530.0
EBITDA5.2%3,666.03,076.03,388.06,892.04,484.0
EBIT6.5%2,811.02,235.02,518.06,074.03,621.0
Net Income11.4%914.0411.0611.03,200.01,407.0
EPS (Diluted)16.5%8.423.795.7132.7015.49
BALANCE SHEET
Cash & ST Inv5.1%2,364.0858.01,228.03,019.02,883.0
Total Assets1.8%27,579.027,156.028,312.028,936.029,677.0
Total Liabilities-2.9%23,322.022,548.022,804.020,389.020,704.0
Total Shareholder Equity42.3%1,028.01,142.01,608.04,171.04,220.0
CASH FLOW
Net Operating Cash Flow22.6%1,568.01,083.02,374.02,047.03,540.0
Cap Ex11.3%-658.0-762.0-751.0-931.0-1,010.0
Free Cash Flow29.1%910.0321.01,623.01,116.02,530.0

Enterprise Value Bridge

Millions USD23 Oct '26
Price (As of 23 Oct '26)268.23
Basic Shares80.52
Market Cap21,597.6
Diluted Shares87.60
Fully Diluted Shares Outstanding87.60
Fully Diluted Market Cap23,495.9
+Consolidated Debt13,209.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,967.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest4,036.0
+Pension Liabilities—
Enterprise Value35,875.6

Segment data

Revenue

by Products and services

  • Ambulatory Care50%
  • Hospital Operations50%

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