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Tenet Healthcare CorporationNYSE:THC Stock Report

Market Cap US$18.4b
Share Price
US$208.62
My Fair Value
US$228.43
8.7% undervalued intrinsic discount
1Y34.6%
7D0.8%
Portfolio Value
​
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Tenet Healthcare Corporation

NYSE:THC Stock Report

Market Cap: US$18.4b

Tenet Healthcare (THC) Stock Overview

Operates as a diversified healthcare services company in the United States. More details

THC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 44% below our estimate of its fair value

Earnings are forecast to grow 4.23% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Profit margins (6.5%) are lower than last year (14.9%)

Significant insider selling over the past 3 months


THC Community Fair Values

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See what 23 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Tenet Healthcare

M&A Risks And Medicaid Reliance Will Sour Future Prospects

Key Takeaways Heavy reliance on payer mix and patient acuity improvements may not sustain long-term revenue growth. Prioritizing share buybacks could indicate focus on short-term gains over organic growth, risking long-term earnings stability.
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US$137
FV
52.3% overvalued intrinsic discount
2.86%
Revenue growth p.a.
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Tenet Healthcare

Aging US Population And Outpatient Trends Will Unlock Healthcare Opportunities

Key Takeaways Expansion in high-acuity outpatient services and strategic divestitures are strengthening portfolio quality, supporting durable demand and margin growth. Investments in ambulatory platforms, digital health, and cost control are driving efficiency and positioning the company for continued margin improvement.
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US$213.18
FV
2.1% undervalued intrinsic discount
4.74%
Revenue growth p.a.
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Tenet Healthcare Corporation Competitors

Price History & Performance

Summary of share price highs, lows and changes for Tenet Healthcare
Historical stock prices
Current Share PriceUS$208.62
52 Week HighUS$217.43
52 Week LowUS$109.82
Beta1.52
1 Month Change2.75%
3 Month Change31.96%
1 Year Change34.58%
3 Year Change409.33%
5 Year Change625.13%
Change since IPO6,216.56%

Recent News & Updates

Recent updates

Tenet Healthcare Continues To Win In Q2, But Medicaid Cuts May Threaten Growth Beyond 2026

Jul 23

These 4 Measures Indicate That Tenet Healthcare (NYSE:THC) Is Using Debt Extensively

Jul 04
These 4 Measures Indicate That Tenet Healthcare (NYSE:THC) Is Using Debt Extensively

Shareholders May Be More Conservative With Tenet Healthcare Corporation's (NYSE:THC) CEO Compensation For Now

May 16
Shareholders May Be More Conservative With Tenet Healthcare Corporation's (NYSE:THC) CEO Compensation For Now

There's No Escaping Tenet Healthcare Corporation's (NYSE:THC) Muted Earnings Despite A 26% Share Price Rise

May 07
There's No Escaping Tenet Healthcare Corporation's (NYSE:THC) Muted Earnings Despite A 26% Share Price Rise

Is Now An Opportune Moment To Examine Tenet Healthcare Corporation (NYSE:THC)?

Apr 29
Is Now An Opportune Moment To Examine Tenet Healthcare Corporation (NYSE:THC)?

We Think Tenet Healthcare (NYSE:THC) Is Taking Some Risk With Its Debt

Apr 02
We Think Tenet Healthcare (NYSE:THC) Is Taking Some Risk With Its Debt

Minimal Medicaid Exposure Puts Tenet Healthcare In A Good Position

Mar 20

The Market Doesn't Like What It Sees From Tenet Healthcare Corporation's (NYSE:THC) Earnings Yet

Mar 15
The Market Doesn't Like What It Sees From Tenet Healthcare Corporation's (NYSE:THC) Earnings Yet

Solid Earnings May Not Tell The Whole Story For Tenet Healthcare (NYSE:THC)

Feb 25
Solid Earnings May Not Tell The Whole Story For Tenet Healthcare (NYSE:THC)

The Tenet Healthcare Corporation (NYSE:THC) Full-Year Results Are Out And Analysts Have Published New Forecasts

Feb 21
The Tenet Healthcare Corporation (NYSE:THC) Full-Year Results Are Out And Analysts Have Published New Forecasts

Here's Why Tenet Healthcare (NYSE:THC) Has Caught The Eye Of Investors

Jan 29
Here's Why Tenet Healthcare (NYSE:THC) Has Caught The Eye Of Investors

Tenet Healthcare Stock: An Improved Option Here (Rating Upgrade)

Dec 30

Tenet Healthcare: Walk-In Surgical Care Facilities Are A Key Revenue Driver

Dec 17

Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden

Nov 17
Here's Why Tenet Healthcare (NYSE:THC) Has A Meaningful Debt Burden

Tenet Healthcare: Targeting More Stable Demand In High-Acuity Services

Nov 04

Tenet Healthcare: Becoming A Very Healthy Business

Sep 09

Tenet Healthcare: Strong EPS Growth, But Shares Near FV (Rating Downgrade)

Aug 29
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Expansive Growth Strategy And Cybersecurity Concerns Cast A Shadow On Financial Health

Aggressive expansion and significant investments may strain operational efficiencies and financial resources, potentially impacting future earnings and liquidity.

Tenet Healthcare: Asset Sales, Current Multiples Support Re-Rating (Rating Upgrade)

Jun 17

Shareholder Returns

THCUS HealthcareUS Market
7D0.8%-5.0%0.5%
1Y34.6%-18.1%19.8%

Return vs Industry: THC exceeded the US Healthcare industry which returned -15.3% over the past year.

Return vs Market: THC exceeded the US Market which returned 19% over the past year.

Price Volatility

Is THC's price volatile compared to industry and market?
THC volatility
THC Average Weekly Movement4.0%
Healthcare Industry Average Movement6.5%
Market Average Movement6.5%
10% most volatile stocks in US Market17.3%
10% least volatile stocks in US Market3.0%

Stable Share Price: THC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: THC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196786,240Saum Sutariawww.tenethealth.com

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.

Tenet Healthcare Corporation Fundamentals Summary

How do Tenet Healthcare's earnings and revenue compare to its market cap?
THC fundamental statistics
Market capUS$18.38b
Earnings (TTM)US$1.35b
Revenue (TTM)US$20.85b
13.5x
P/E Ratio
0.9x
P/S Ratio

Is THC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THC income statement (TTM)
RevenueUS$20.85b
Cost of RevenueUS$12.29b
Gross ProfitUS$8.56b
Other ExpensesUS$7.21b
EarningsUS$1.35b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)15.41
Gross Margin41.07%
Net Profit Margin6.50%
Debt/Equity Ratio144.6%

How did THC perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/30 16:35
End of Day Share Price 2025/10/30 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tenet Healthcare Corporation is covered by 36 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hua HaBaird
Andrew MokBarclays
Adam FeinsteinBarclays