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THC US​
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THC US​
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Tenet Healthcare Corp(THC US)

$286.86-6.112.09%Ext:$293.22+6.362.22%(Market Closed · 01:00:02 UTC)
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Tenet Healthcare Corp(THC US)

$286.86-6.112.09%Ext:$293.22+6.362.22%(Market Closed · 01:00:02 UTC)
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Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

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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

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

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(2.4K)

Expand
  • Form 144Blunt Roy12 Nov
  • 10-QQ3ended 30 Sept 202629 Oct
  • 8-KResults of Operations and Financial Condition29 Oct
  • 8-KEntry into a Material Definitive Agreement22 Sep
  • Form 4KERREY J ROBERT16 Sep
  • Form 4MARK RICHARD J14 Sep
  • Form 144KERREY J ROBERT14 Sep
  • Form 144MARK RICHARD J10 Sep
  • 8-KRegulation FD Disclosure8 Sep
  • SC 13G/ATENET HEALTHCARE CORP4 Sep
  • Form 4West Nadja3 Sep
  • Form 144West Nadja2 Sep
  • Form 4Foo Lisa Y1 Sep
  • Form 4HANEY CECIL D31 Aug
  • Form 144Foo Lisa Y31 Aug
  • Form 4HANEY CECIL D26 Aug
  • Form 4Sutaria Saumya26 Aug
  • Form 144Sutaria Saumya25 Aug
  • Form 144HANEY CECIL D24 Aug
  • Form 144Sutaria Saumya24 Aug

News

  • Here's Why Tenet Healthcare (THC) is a Strong Growth Stock6 Nov
  • Hospital Stocks Soared as Democrats Took Congress5 Nov
  • Healthcare Stocks Bounce on Midterm Results. A Bull Market Case Is Developing.4 Nov
  • Tenet Healthcare Corporation (THC) Is a Trending Stock: Facts to Know Before Betting on It4 Nov
  • Tenet Healthcare Q3 Earnings Call Highlights30 Oct
  • THC Q3 Earnings Call Highlights Higher Outlook and Margin Gains30 Oct
  • THC Q3 Earnings Beat on Hospital Strength, 2026 EPS View Raised29 Oct
  • Tenet Healthcare Corporation (THC) Q3 2026 Earnings Call Transcript29 Oct
  • Tenet (THC) Reports Q3 Earnings: What Key Metrics Have to Say29 Oct
  • Tenet Healthcare (THC) Surpasses Q3 Earnings and Revenue Estimates29 Oct
  • Tenet Reports Strong Third Quarter 2026 Results; Raises 2026 Financial Outlook29 Oct
  • Here's Why Tenet Healthcare (THC) is a Strong Value Stock28 Oct
  • Can Tenet Healthcare Beat Q3 Earnings on Ambulatory Care Strength?27 Oct
  • Here's Why Tenet Healthcare (THC) is a Strong Momentum Stock27 Oct
  • Insights Into Tenet (THC) Q3: Wall Street Projections for Key Metrics27 Oct
  • 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

Mentions in Filings

  • … rations (Dollars in thousands) Tenant / Parent Leased GLA % Total ABR % ABR Term(1) Memorial Health 155,600 3.6% $ 5,938 5.8% 4.4 Trinity Health 398,865 9.2% 5,805 5.7% 4.1 LifePoint Health 93,255 2.2% 5,199 5.1% 1.2 <strong>Tenet Healthcare</strong> 129,698 3.0% 3,538 3.5% 4.0 TeamHealth 173,371 4.0% 3,523 3.5% 1.0 (2) Christus Health 84,674 2.0% 2,951 2.9% 13.6 White Rock 236,314 5.5% 2,749 2.7% 11.4 Select Medical 43,134 1.0% 2,332 2.3% 1.8 McKesson 74,521 1.7 …
    Chiron Real Estate Inc.Tenet Healthcare Corp·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q4 26·4 Nov
  • … 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·DEF 14A - Definitive proxy statement·Q4 26·28 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 …
    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

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/E0.00
Est EPS4.17
Est PEG0.00

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 USD12 Nov '26
Price (As of 12 Nov '26)286.81
Basic Shares80.52
Market Cap23,093.7
Diluted Shares80.60
Fully Diluted Shares Outstanding80.60
Fully Diluted Market Cap23,116.9
+Consolidated Debt13,243.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,674.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest4,150.0
+Pension Liabilities—
Enterprise Value37,812.7

Segment data

Revenue

by Products and services

  • Ambulatory Care50%
  • Hospital Operations50%

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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

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(2.4K)

Expand
  • Form 144Blunt Roy12 Nov
  • 10-QQ3ended 30 Sept 202629 Oct
  • 8-KResults of Operations and Financial Condition29 Oct
  • 8-KEntry into a Material Definitive Agreement22 Sep
  • Form 4KERREY J ROBERT16 Sep
  • Form 4MARK RICHARD J14 Sep
  • Form 144KERREY J ROBERT14 Sep
  • Form 144MARK RICHARD J10 Sep
  • 8-KRegulation FD Disclosure8 Sep
  • SC 13G/ATENET HEALTHCARE CORP4 Sep
  • Form 4West Nadja3 Sep
  • Form 144West Nadja2 Sep
  • Form 4Foo Lisa Y1 Sep
  • Form 4HANEY CECIL D31 Aug
  • Form 144Foo Lisa Y31 Aug
  • Form 4HANEY CECIL D26 Aug
  • Form 4Sutaria Saumya26 Aug
  • Form 144Sutaria Saumya25 Aug
  • Form 144HANEY CECIL D24 Aug
  • Form 144Sutaria Saumya24 Aug

News

  • Here's Why Tenet Healthcare (THC) is a Strong Growth Stock6 Nov
  • Hospital Stocks Soared as Democrats Took Congress5 Nov
  • Healthcare Stocks Bounce on Midterm Results. A Bull Market Case Is Developing.4 Nov
  • Tenet Healthcare Corporation (THC) Is a Trending Stock: Facts to Know Before Betting on It4 Nov
  • Tenet Healthcare Q3 Earnings Call Highlights30 Oct
  • THC Q3 Earnings Call Highlights Higher Outlook and Margin Gains30 Oct
  • THC Q3 Earnings Beat on Hospital Strength, 2026 EPS View Raised29 Oct
  • Tenet Healthcare Corporation (THC) Q3 2026 Earnings Call Transcript29 Oct
  • Tenet (THC) Reports Q3 Earnings: What Key Metrics Have to Say29 Oct
  • Tenet Healthcare (THC) Surpasses Q3 Earnings and Revenue Estimates29 Oct
  • Tenet Reports Strong Third Quarter 2026 Results; Raises 2026 Financial Outlook29 Oct
  • Here's Why Tenet Healthcare (THC) is a Strong Value Stock28 Oct
  • Can Tenet Healthcare Beat Q3 Earnings on Ambulatory Care Strength?27 Oct
  • Here's Why Tenet Healthcare (THC) is a Strong Momentum Stock27 Oct
  • Insights Into Tenet (THC) Q3: Wall Street Projections for Key Metrics27 Oct
  • 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

Mentions in Filings

  • … rations (Dollars in thousands) Tenant / Parent Leased GLA % Total ABR % ABR Term(1) Memorial Health 155,600 3.6% $ 5,938 5.8% 4.4 Trinity Health 398,865 9.2% 5,805 5.7% 4.1 LifePoint Health 93,255 2.2% 5,199 5.1% 1.2 <strong>Tenet Healthcare</strong> 129,698 3.0% 3,538 3.5% 4.0 TeamHealth 173,371 4.0% 3,523 3.5% 1.0 (2) Christus Health 84,674 2.0% 2,951 2.9% 13.6 White Rock 236,314 5.5% 2,749 2.7% 11.4 Select Medical 43,134 1.0% 2,332 2.3% 1.8 McKesson 74,521 1.7 …
    Chiron Real Estate Inc.Tenet Healthcare Corp·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q4 26·4 Nov
  • … 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·DEF 14A - Definitive proxy statement·Q4 26·28 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 …
    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

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/E0.00
Est EPS4.17
Est PEG0.00

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 USD12 Nov '26
Price (As of 12 Nov '26)286.81
Basic Shares80.52
Market Cap23,093.7
Diluted Shares80.60
Fully Diluted Shares Outstanding80.60
Fully Diluted Market Cap23,116.9
+Consolidated Debt13,243.0
−In-the-Money Convertible Debt—
+Capital Leases-
+Operating Leases—
−Cash & Equivalents-2,674.0
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest4,150.0
+Pension Liabilities—
Enterprise Value37,812.7

Segment data

Revenue

by Products and services

  • Ambulatory Care50%
  • Hospital Operations50%

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