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Tenet Healthcare Corporation (THC)

173.78 -4.22 (-2.37%)
At close: May 22 at 4:00:02 PM EDT
174.00 +0.22 (+0.13%)
After hours: May 22 at 7:59:26 PM EDT
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Chart Range Bar
Loading chart for THC
  • Previous Close 178.00
  • Open 178.08
  • Bid 170.25 x 10000
  • Ask 174.00 x 10000
  • Day's Range 173.77 - 182.01
  • 52 Week Range 146.60 - 247.21
  • Volume 819,208
  • Avg. Volume 1,297,588
  • Market Cap (intraday) 14.969B
  • Beta (5Y Monthly) 1.30
  • PE Ratio (TTM) 9.03
  • EPS (TTM) 19.24
  • Earnings Date (est.) Jul 21, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date Mar 13, 2000
  • 1y Target Est 244.57

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.

www.tenethealth.com

77,000

Full Time Employees

December 31

Fiscal Year Ends

Healthcare

Sector

Performance Overview: THC

Trailing total returns as of 5/22/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

THC
12.55%
S&P 500 (^GSPC)
9.17%

1-Year Return

THC
7.72%
S&P 500 (^GSPC)
27.93%

3-Year Return

THC
139.07%
S&P 500 (^GSPC)
78.25%

5-Year Return

THC
175.10%
S&P 500 (^GSPC)
79.83%

Earnings Trends: THC

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q1 FY26
Revenue 5.37B
Earnings 422M

Q2

FY25

Q3

FY25

Q4

FY25

Q1

FY26

0
1B
2B
3B
4B
5B

Analyst Insights: THC

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Analyst Price Targets

210.00
244.57 Average
173.78 Current
288.00 High

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell

Latest Rating

Date 5/5/2026
Analyst Barclays
Rating Action Maintains
Rating Overweight
Price Action Lowers
Price Target 257 -> 238

Statistics: THC

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Valuation Measures

Annual
As of 5/22/2026
  • Market Cap

    14.97B

  • Enterprise Value

    25.21B

  • Trailing P/E

    9.04

  • Forward P/E

    10.29

  • PEG Ratio (5yr expected)

    4.29

  • Price/Sales (ttm)

    0.71

  • Price/Book (mrq)

    3.11

  • Enterprise Value/Revenue

    1.15

  • Enterprise Value/EBITDA

    5.17

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    7.94%

  • Return on Assets (ttm)

    7.75%

  • Return on Equity (ttm)

    30.29%

  • Revenue (ttm)

    21.45B

  • Net Income Avi to Common (ttm)

    1.7B

  • Diluted EPS (ttm)

    19.24

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.97B

  • Total Debt/Equity (mrq)

    149.25%

  • Levered Free Cash Flow (ttm)

    3.06B

Compare To: THC

Select to analyze similar companies using key performance metrics; select up to 4 stocks.

Company Insights: THC

Fair Value

173.78 Current

Dividend Score

0 Low
Sector Avg.
100 High

Hiring Score

0 Low
Sector Avg.
100 High

Insider Sentiment Score

0 Low
Sector Avg.
100 High

Research Reports: THC

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  • Lowering target price to $211.00

    TENET HEALTHCARE CORP has an Investment Rating of BUY; a target price of $211.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Price Target
  • Raising target price to $215.00

    TENET HEALTHCARE CORP has an Investment Rating of BUY; a target price of $215.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Price Target
  • Raising target price to $206.00

    TENET HEALTHCARE CORP has an Investment Rating of BUY; a target price of $206.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of High; and a Value Subrating of Medium.

    Rating
    Price Target
  • Tenet Earnings: Growing Headwinds to Provider Profits Cut Into Shares

    Tenet Healthcare is a Dallas-based healthcare services organization. It operates acute and specialty hospitals (50 as of December 2025) and hundreds of 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.

    Rating
    Price Target

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