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Tenet Healthcare Corporation (THC)

273.25 +2.68 (+0.99%)
At close: October 30 at 4:00:02 PM EDT
273.25 0.00 (0.00%)
After hours: October 30 at 4:34:12 PM EDT
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Chart Range Bar
Loading chart for THC
  • Previous Close 270.57
  • Open 266.51
  • Bid 271.12 x 10000
  • Ask 273.18 x 10000
  • Day's Range 265.58 - 274.09
  • 52 Week Range 157.58 - 283.05
  • Volume 1,209,367
  • Avg. Volume 749,962
  • Market Cap (intraday) 21.747B
  • Beta (5Y Monthly) 1.20
  • PE Ratio (TTM) 7.97
  • EPS (TTM) 34.29
  • Earnings Date Oct 29, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 294.86
  • Morningstar Rating
    Rating available with Stock Picks access

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

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

THC
37.51%
S&P 500 (^GSPC)
10.73%

1-Year Return

THC
30.98%
S&P 500 (^GSPC)
11.11%

3-Year Return

THC
413.15%
S&P 500 (^GSPC)
81.91%

5-Year Return

THC
281.31%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 5.63B
Earnings 1B
Profit Margin 17.76%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
1B
2B
3B
4B
5B
8.0%
10.0%
12.0%
14.0%
16.0%
 

Analyst Insights

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Analyst Price Targets

263.00
294.86 Average
273.25 Current
340.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 10/30/2026
Analyst Guggenheim
Rating Action Maintains
Rating Buy
Price Action Lowers
Price Target 307 -> 306
 

Statistics

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Valuation Measures

Annual
As of 10/30/2026
  • Market Cap

    21.75B

  • Enterprise Value

    36.47B

  • Trailing P/E

    7.97

  • Forward P/E

    13.07

  • PEG Ratio (current)

    0.28

  • Price/Sales (ttm)

    0.98

  • Price/Book (mrq)

    3.99

  • Enterprise Value/Revenue

    1.54

  • Enterprise Value/EBITDA

    5.66

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    13.09%

  • Return on Assets (ttm)

    8.68%

  • Return on Equity (ttm)

    41.70%

  • Revenue (ttm)

    22.15B

  • Net Income Avi to Common (ttm)

    2.9B

  • Diluted EPS (ttm)

    34.29

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.67B

  • Total Debt/Equity (mrq)

    138.03%

  • Levered Free Cash Flow (ttm)

    2.03B

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Company Insights

Fair Value

273.25 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

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  • Tenet Earnings: Solid Volume Growth and Strong Cost Controls Boost 2026 Outlook

    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.

     
  • Lowering target price to $288.00

    TENET HEALTHCARE CORP has an Investment Rating of BUY; a target price of $288.000000; an Industry Subrating of Medium; 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 High.

     
  • Raising target price to $300.00

    TENET HEALTHCARE CORP has an Investment Rating of BUY; a target price of $300.000000; an Industry Subrating of Medium; 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 High.

     
  • Raising target price to $294.00

    TENET HEALTHCARE CORP has an Investment Rating of BUY; a target price of $294.000000; an Industry Subrating of Medium; 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 High.

     

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