Tenet Healthcare Corporation THC

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266.69 USD -2.20 (-0.82%)

At closeNov 4, 2026, 8:41 AM EST

283.94 +17.25 +6.47%

Pre-market · Nov 4, 8:41 AM ET

265.26 Day range 275.42
157.58 52-week range 283.05
YTD
+34.20%
1 year
+28.38%

Financial health

Altman Z-Score

2.26 Grey zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

8 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A4 / 5 overall

  • DCF 5
  • Return on Equity 5
  • Return on Assets 5
  • Debt / Equity 1
  • P/E 4
  • P/B 2

Valuation

P/E 12.7×
FY 2016: -7.7×FY 2017: -2.2×FY 2018: 15.7×FY 2019: -17.0×FY 2020: 10.5×FY 2021: 9.6×FY 2022: 12.7×FY 2023: 12.6×FY 2024: 3.8×FY 2025: 12.7×
FY 2016 5y median 12.6× FY 2025
P/S 0.8×
FY 2016: 0.1×FY 2017: 0.1×FY 2018: 0.1×FY 2019: 0.2×FY 2020: 0.2×FY 2021: 0.4×FY 2022: 0.3×FY 2023: 0.4×FY 2024: 0.6×FY 2025: 0.8×
FY 2016 5y median 0.4× FY 2025
P/B 4.2×
FY 2016: 3.5×FY 2017: -10.4×FY 2018: -14.7×FY 2019: -10.6×FY 2020: 150×FY 2021: 8.5×FY 2022: 4.6×FY 2023: 4.8×FY 2024: 2.9×FY 2025: 4.2×
FY 2016 5y median 4.6× FY 2025
P/FCF 7.1×
FY 2016: -4.6×FY 2017: 3.1×FY 2018: 4.1×FY 2019: 7.0×FY 2020: 1.5×FY 2021: 9.6×FY 2022: 16.3×FY 2023: 4.7×FY 2024: 11.0×FY 2025: 7.1×
FY 2016 5y median 9.6× FY 2025
EV/EBITDA 6.3×
FY 2016: 7.7×FY 2017: 8.8×FY 2018: 6.6×FY 2019: 8.5×FY 2020: 6.9×FY 2021: 6.0×FY 2022: 6.3×FY 2023: 6.3×FY 2024: 3.4×FY 2025: 6.3×
FY 2016 5y median 6.3× FY 2025
EV/Sales 1.3×
FY 2016: 0.8×FY 2017: 0.8×FY 2018: 0.9×FY 2019: 1.0×FY 2020: 1.0×FY 2021: 1.1×FY 2022: 1.0×FY 2023: 1.0×FY 2024: 1.1×FY 2025: 1.3×
FY 2016 5y median 1.1× FY 2025
FCF Yield 14.1%
FY 2016: -21.5%FY 2017: 32.3%FY 2018: 24.7%FY 2019: 14.3%FY 2020: 68.4%FY 2021: 10.4%FY 2022: 6.2%FY 2023: 21.1%FY 2024: 9.1%FY 2025: 14.1%
FY 2016 5y median 10.4% FY 2025

Profitability

Gross Margin 82.3%
FY 2016: 36.4%FY 2017: 35.4%FY 2018: 36.4%FY 2019: 36.3%FY 2020: 35.3%FY 2021: 37.3%FY 2022: 36.8%FY 2023: 38.0%FY 2024: 39.7%FY 2025: 82.3%
FY 2016 5y median 38.0% FY 2025
Operating Margin 16.1%
FY 2016: 6.4%FY 2017: 5.8%FY 2018: 8.9%FY 2019: 8.3%FY 2020: 11.3%FY 2021: 14.7%FY 2022: 12.2%FY 2023: 12.2%FY 2024: 28.8%FY 2025: 16.1%
FY 2016 5y median 14.7% FY 2025
Net Margin 6.6%
FY 2016: -1.0%FY 2017: -3.7%FY 2018: 0.6%FY 2019: -1.2%FY 2020: 2.3%FY 2021: 4.7%FY 2022: 2.1%FY 2023: 3.0%FY 2024: 15.5%FY 2025: 6.6%
FY 2016 5y median 4.7% FY 2025
ROE 33.3%
FY 2016: -46.0%FY 2017: 478.9%FY 2018: -87.4%FY 2019: 58.0%FY 2020: 1425.0%FY 2021: 88.9%FY 2022: 36.0%FY 2023: 38.0%FY 2024: 76.7%FY 2025: 33.3%
FY 2016 5y median 38.0% FY 2025
ROIC 11.5%
FY 2016: 4.4%FY 2017: 5.8%FY 2018: 6.3%FY 2019: 4.0%FY 2020: 8.9%FY 2021: 9.9%FY 2022: 7.6%FY 2023: 8.6%FY 2024: 18.5%FY 2025: 11.5%
FY 2016 5y median 9.9% FY 2025
ROA 4.7%
FY 2016: -0.8%FY 2017: -3.0%FY 2018: 0.5%FY 2019: -0.9%FY 2020: 1.5%FY 2021: 3.3%FY 2022: 1.5%FY 2023: 2.2%FY 2024: 11.1%FY 2025: 4.7%
FY 2016 5y median 3.3% FY 2025

Growth (YoY)

Revenue 3.1%
FY 2016: 5.3%FY 2017: -2.3%FY 2018: -4.5%FY 2019: 0.9%FY 2020: -4.5%FY 2021: 10.5%FY 2022: -1.6%FY 2023: 7.2%FY 2024: 0.6%FY 2025: 3.1%
FY 2016 FY 2025
Operating Income -42.3%
FY 2016: 15.8%FY 2017: -10.7%FY 2018: 47.1%FY 2019: -6.1%FY 2020: 29.4%FY 2021: 44.3%FY 2022: -18.7%FY 2023: 7.6%FY 2024: 137.3%FY 2025: -42.3%
FY 2016 FY 2025
EPS (diluted) -52.6%
FY 2016: -36.9%FY 2017: -262.7%FY 2018: 115.3%FY 2019: -309.3%FY 2020: 267.4%FY 2021: 124.5%FY 2022: -55.0%FY 2023: 50.7%FY 2024: 472.7%FY 2025: -52.6%
FY 2016 FY 2025
Free Cash Flow 126.7%
FY 2016: -272.3%FY 2017: 255.5%FY 2018: -12.4%FY 2019: 30.3%FY 2020: 409.2%FY 2021: -68.3%FY 2022: -64.7%FY 2023: 405.6%FY 2024: -31.2%FY 2025: 126.7%
FY 2016 FY 2025

Financial Health

Current Ratio 1.8×
FY 2016: 1.3×FY 2017: 1.3×FY 2018: 1.2×FY 2019: 1.2×FY 2020: 1.5×FY 2021: 1.4×FY 2022: 1.3×FY 2023: 1.5×FY 2024: 1.8×FY 2025: 1.8×
FY 2016 5y median 1.5× FY 2025
Quick Ratio 1.7×
FY 2016: 1.2×FY 2017: 1.2×FY 2018: 1.1×FY 2019: 1.1×FY 2020: 1.4×FY 2021: 1.3×FY 2022: 1.2×FY 2023: 1.4×FY 2024: 1.7×FY 2025: 1.7×
FY 2016 5y median 1.4× FY 2025
Debt / Equity 3.1×
FY 2016: 36.6×FY 2017: -102×FY 2018: -125×FY 2019: -39.8×FY 2020: 561×FY 2021: 15.2×FY 2022: 13.2×FY 2023: 9.3×FY 2024: 3.4×FY 2025: 3.1×
FY 2016 5y median 9.3× FY 2025
Net Debt / EBITDA 2.3×
FY 2016: 7.0×FY 2017: 8.0×FY 2018: 5.9×FY 2019: 6.7×FY 2020: 5.2×FY 2021: 3.6×FY 2022: 4.6×FY 2023: 4.1×FY 2024: 1.6×FY 2025: 2.3×
FY 2016 5y median 3.6× FY 2025
Interest Coverage 4.2×
FY 2016: 1.3×FY 2017: 1.1×FY 2018: 1.6×FY 2019: 1.6×FY 2020: 2.0×FY 2021: 3.1×FY 2022: 2.6×FY 2023: 2.8×FY 2024: 7.2×FY 2025: 4.2×
FY 2016 5y median 3.1× FY 2025

Dividends

Dividend Yield 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2016: 0.0%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 0.0%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2016 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31