Tenet Healthcare/$THC
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About Tenet Healthcare
Tenet Healthcare is a Dallas-based healthcare services organization. It operates acute and specialty hospitals (47 as of December 2024) and over 500 ambulatory surgery centers and other outpatient facilities across the US, primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
Ticker
$THC
Sector
Primary listing
NYSE
Employees
86,240
Headquarters
Website
Tenet Healthcare Metrics
BasicAdvanced
$16B
11.68
$15.65
1.52
-
Price and volume
Market cap
$16B
Beta
1.52
52-week high
$199.99
52-week low
$109.82
Average daily volume
1.1M
Financial strength
Current ratio
1.709
Quick ratio
1.208
Long term debt to equity
157.685
Total debt to equity
158.697
Interest coverage (TTM)
4.34%
Profitability
EBITDA (TTM)
4,333
Gross margin (TTM)
40.78%
Net profit margin (TTM)
7.17%
Operating margin (TTM)
17.11%
Effective tax rate (TTM)
19.67%
Revenue per employee (TTM)
$240,000
Management effectiveness
Return on assets (TTM)
7.58%
Return on equity (TTM)
29.65%
Valuation
Price to earnings (TTM)
11.682
Price to revenue (TTM)
0.831
Price to book
4.44
Price to tangible book (TTM)
-1.95
Price to free cash flow (TTM)
11.07
Free cash flow yield (TTM)
9.03%
Free cash flow per share (TTM)
16.515
Growth
Revenue change (TTM)
-1.14%
Earnings per share change (TTM)
-41.99%
3-year revenue growth (CAGR)
2.63%
10-year revenue growth (CAGR)
1.65%
3-year earnings per share growth (CAGR)
25.35%
10-year earnings per share growth (CAGR)
39.60%
What the Analysts think about Tenet Healthcare
Analyst ratings (Buy, Hold, Sell) for Tenet Healthcare stock.
Bulls say / Bears say
Fitch raised Tenet’s issuer default rating to BB-, citing gains in its competitive position and effective execution of its strategy (Reuters).
The ratings agency highlighted that Tenet’s ambulatory care business has consistently generated strong EBITDA growth, helping reduce overall debt significantly through targeted asset sales (Reuters).
Fitch expects Tenet’s leverage to drop toward 3.5x in 2025, reflecting robust free cash flow and ongoing debt reduction efforts (Reuters).
Barclays analyst pointed out that Tenet saw slower surgical volume growth in Q2, with both inpatient and outpatient surgeries falling in line with peers. This has raised concerns that demand might be leveling off (Reuters).
Despite the recent rating boost, Fitch noted Tenet's leverage is still high compared to HCA Healthcare and Universal Health Services, which highlights continued credit risk (Reuters).
Fitch cautioned that a negative rating action could happen if Tenet’s EBITDA leverage stays above 4.5x or free cash flow falls below 5% of revenue, emphasizing the financial risks still present in its credit profile (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 3 Sept 2025.
Tenet Healthcare Financial Performance
Revenues and expenses
Tenet Healthcare Earnings Performance
Company profitability
Tenet Healthcare News
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Upcoming events
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FAQs
What’s the current market cap for Tenet Healthcare stock?
Tenet Healthcare (THC) has a market cap of $16B as of September 18, 2025.
What is the P/E ratio for Tenet Healthcare stock?
The price to earnings (P/E) ratio for Tenet Healthcare (THC) stock is 11.68 as of September 18, 2025.
Does Tenet Healthcare stock pay dividends?
No, Tenet Healthcare (THC) stock does not pay dividends to its shareholders as of September 18, 2025.
When is the next Tenet Healthcare dividend payment date?
Tenet Healthcare (THC) stock does not pay dividends to its shareholders.
What is the beta indicator for Tenet Healthcare?
Tenet Healthcare (THC) has a beta rating of 1.52. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.