THCNYSEServices-General Medical & Surgical Hospitals, NECFiscal year ends December 31
TENET HEALTHCARE CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$266.39−0.86 (-0.32%)
Close on Oct 19, 2026
- Market cap
- $22.37B
- P/E (TTM)
- 10.3
- Dividend yield
- –
Tenet Healthcare statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Services-General Medical & Surgical Hospitals, NEC companies for comparison
Valuation
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Market Cap | $21.45B | $1.14B |
| Enterprise Value | $34.43B | $1.35B |
| PE Ratio | 10.27 | 22.72 |
| PS Ratio | 0.98 | 1.63 |
| PB Ratio | 4.60 | 3.03 |
| P/FCF Ratio | 7.10 | 20.54 |
| P/OCF Ratio | 5.34 | 15.44 |
Enterprise value
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| EV / Sales | 1.58 | 1.78 |
| EV / EBITDA | 6.34 | 14.40 |
| EV / EBIT | 7.58 | 19.04 |
| EV / FCF | 11.39 | 23.16 |
Income (trailing twelve months)
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Revenue | $21.81B | $561.90M |
| Operating Income | $4.54B | -$1.81M |
| Pretax Income | $3.87B | -$572.42K |
| EBITDA | $5.43B | -$20.72K |
| EPS (Diluted) | $25.93 | -$0.02 |
Margins
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Operating Margin | 20.8% | -4.45% |
| Pretax Margin | 17.7% | 1.54% |
| EBITDA Margin | 24.9% | 2.41% |
| FCF Margin | 13.9% | 3.13% |
Returns
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Return on Invested Capital (ROIC) | 24.8% | 2.11% |
| Return on Capital Employed (ROCE) | 18.1% | -0.57% |
Growth
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 5.41% | 6.92% |
| EPS Growth (YoY) | 66.1% | 25.8% |
| FCF Growth (YoY) | 94.7% | -6.04% |
| Revenue Growth (3Y CAGR) | 3.58% | 10.9% |
| Revenue Growth (5Y CAGR) | 3.85% | 13.2% |
| EPS Growth (3Y CAGR) | 59.9% | 19.8% |
| EPS Growth (5Y CAGR) | 32.8% | 9.29% |
Balance sheet
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $2.17B | $48.71M |
| Total Debt | $13.25B | $140.00M |
| Net Cash (Debt) | -$11.08B | $205.49K |
| Net Cash Per Share | -$137.58 | $0.01 |
| Equity (Book Value) | $4.66B | $235.16M |
| Book Value Per Share | $57.85 | $3.48 |
| Tangible Book Value | -$8.06B | $703.69K |
| Working Capital | $2.26B | $30.48M |
Financial position
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Current Ratio | 1.41 | 1.40 |
| Quick Ratio | 0.86 | 1.02 |
| Debt / Equity | 2.84 | 0.66 |
| Debt / EBITDA | 2.44 | 2.61 |
| Debt / FCF | 4.38 | 4.59 |
| Net Debt / EBITDA | 2.04 | 2.15 |
| Interest Coverage | 5.54 | -0.63 |
Cash flow (trailing twelve months)
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Operating Cash Flow | $4.02B | $3.10M |
| Capital Expenditures | -$992.00M | -$18.62M |
| Free Cash Flow | $3.02B | $23.73M |
| FCF Per Share | $37.54 | $0.37 |
Efficiency
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Asset Turnover | 0.73 | 0.87 |
| Revenue Per Employee | $218.12K | $228.48K |
| Employee Count | 100,000 | 913 |
Dividends and yields
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| FCF Yield | 14.1% | 1.74% |
| Buyback Yield | 7.70% | 0.32% |
| Shareholder Yield | 7.70% | 0.65% |
Shares
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Shares Outstanding | 80,519,000 | 58,282,400 |
| Shares Change (YoY) | -8.26% | 2.68% |
| Float | 79,743,600 | 33,780,100 |
| Shares Held by Insiders | 0.96% | 16.4% |
| Shares Held by Institutions | 100.0% | 85.9% |
Taxes
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Income Tax | $691.00M | $697.00K |
| Effective Tax Rate | 17.9% | 23.1% |
Scores
| Measure | Tenet Healthcare | Industry median |
|---|---|---|
| Graham Number | $183.71 | $19.59 |
| Graham Upside | -31.0% | -47.5% |
| Altman Z-Score | 2.14 | 1.96 |
Calculated by StockData from Tenet Healthcare's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.