Tenet Healthcare Corp (THC) stock
Close on Nov 11, 2026Market cap $23.32BP/E 8.5Yield –
Tenet Healthcare Corp grew revenue 6.2% to $22.15B over the twelve months to Sep 30, 2026. Operating income rose 55.4% to $5.40B, moving the operating margin from 16.7% to 24.4%. Free cash flow was $3.33B, up 121.6% from a year earlier. At the latest close the market valued the company at $23.32B, 8.5 times its earnings.
Key statistics
Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026
Valuation
- Market cap
- $23.32B
- P/E ratio
- 8.5
- Price to sales
- 1.05
- Price to book
- 4.28
- Dividend yield
- –
- Free cash flow yield
- 14.27%
Fundamentals
- Revenue
- $22.15B
- EPS, diluted
- $34.48
- Free cash flow
- $3.33B
- Book value per share
- $67.54
- Diluted shares
- 81M
Trading
- Next earnings
- Feb 10, 2027 (estimated, before the open)
- Previous close
- $290.27
- Open
- $289.19
- Day's range
- $282.94 – $293.73
- Volume
- 686,182
- Average volume (20 days)
- 930,649
- Index membership
- S&P MidCap 400, Russell 1000 (since Jun 2022), Russell 3000
- Beta (5 years)
- 1.14
- 52-week range
- $157.58 – $301.44
- RSI (14 days)
- 65.7
- Volatility (1 year)
- 43.5%
- Relative volume
- 0.73×
- WACC
- 8.5%
On 2 of our idea lists: Buyback cannibals, Shareholder yield
Index membership is inferred from the holdings of funds that track each index (IJH, SPMD, IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Market cap history
Month-end market cap since 2009, using shares outstanding reported at the time
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | THC | S&P 500 | Difference | THC per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | +11.1% | -2.4% | +13.5 pts | ||
| 3 months | +12.9% | -1.2% | +14.1 pts | ||
| Year to date | +47.4% | +12.3% | +35.1 pts | ||
| 1 year | +47.7% | +12.4% | +35.3 pts | ||
| 3 years | +444.7% | +78.8% | +365.8 pts | +75.9% | +21.4% |
| 5 years | +269.3% | +75.2% | +194.1 pts | +29.9% | +11.9% |
| 10 years | +1913.5% | +311.1% | +1602.4 pts | +35.0% | +15.2% |
Fifteen years at a glance
Fiscal years 2011 to 2025 and trailing twelve months, USD
Revenue
Operating income
EPS, diluted
Free cash flow
Press releases
Releases Tenet Healthcare filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Update
- Results
- Results
- Results
About Tenet Healthcare
Services-General Medical & Surgical Hospitals, NEC
Tenet Healthcare Corporation is a diversified healthcare services company that provides patient care and administrative solutions through two primary operating segments: Hospital Operations and Services, and Ambulatory Care. The company offers acute and specialty inpatient hospital care, emergency treatment, general and specialized surgeries, intensive care, diagnostic imaging, and outpatient therapy. Through its Conifer Health Solutions business, it also delivers revenue cycle management and value-based care administrative services. Tenet's customers comprise patients seeking medical and surgical treatments, as well as institutional clients including unaffiliated hospitals, health systems, physician practices, self-insured employers, and health plans.
Company profile, executives and historyTenet Healthcare stock: common questions
What is Tenet Healthcare's stock price?
THC closed at $292.97 on Nov 11, 2026, up 0.93% on the day. Over the past 52 weeks it traded between $157.58 and $301.44.
What is Tenet Healthcare's market cap?
Tenet Healthcare was worth $23.32B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is THC's P/E ratio?
THC trades at 8.5 times earnings, based on diluted earnings per share of $34.48 over the twelve months to Sep 30, 2026.
How much revenue does Tenet Healthcare make?
Tenet Healthcare reported revenue of $22.15B for the twelve months to Sep 30, 2026, up 6.2% from a year earlier.
Does Tenet Healthcare pay a dividend?
No. Tenet Healthcare has not paid a cash dividend over the last twelve months.
When does Tenet Healthcare report earnings next?
Tenet Healthcare is expected to report Q4 FY2026 results on Feb 10, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.
How has THC stock performed over the past year?
Including dividends, THC returned +47.7% over the past year, against +12.4% for the S&P 500.
How many THC shares are sold short?
2M shares were sold short at the latest FINRA report, 2.25% of the float, or 2.2 days of average trading volume.
Who are Tenet Healthcare's competitors?
Companies most similar to Tenet Healthcare by business, industry and size include UHS, CYH, ARDT, HCA, SGRY.
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