Tenet Healthcare Corporation

Tenet Healthcare Corporation

292.25
USD
+25.56
(+9.58%)
44.86EPS
7.44P/E
20.34BMarket Cap
Feb 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
109.22
169.89
187.91
197.55
190.66
179.35
178.72
167.98
182.39
179.32
202.17
213.25
236.38
279.82
Basic EPS, GAAP
-1.32
0.12
-1.41
-1.93
-7
1.09
-2.24
3.8
8.56
3.84
6.01
33.02
15.61
34.34
Free Cash Flow per Basic Share
-1
-2.52
1.86
-3.19
4.9
4.23
5.44
27.3
8.52
3
15.97
11.52
28.06
39.42
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
7.79
6.62
7.02
4.18
-1.46
-1.16
-3.56
0.26
9.59
11.17
16.09
43.85
48.53
68.41
Tangible Book Value per Share
-35.92
-46.15
-80.76
-88.81
-88.45
-89.05
-88.53
-97.86
-90.77
-101.76
-100.72
-83.24
-95.75
-93.27
Basic Weighted Avg Shares
102
98
99
99
101
102
103
105
107
107
102
97
90
84
Sales/Revenue/Turnover
11,102
16,615
18,634
19,621
19,179
18,313
18,479
17,640
19,485
19,174
20,548
20,665
21,310
23,626
Operating Margin (%)
7.18
6.64
7.41
7.3
7.24
8.83
9.09
12.13
12.36
12.58
11.89
14.12
16.14
22.52
Depreciation Expense
545
849
797
850
870
802
850
857
855
841
870
818
863
892
Net Income, GAAP
-134
12
-140
-192
-704
111
-232
399
914
411
611
3,200
1,407
2,899
Effective Tax Rate (%)
- -
33.33
47.22
27.02
- -
27.54
51.69
- -
21.77
25.6
18.92
22.56
15.46
19.4
Profit Margin (%)
-1.21
0.07
-0.75
-0.98
-3.67
0.61
-1.26
2.26
4.69
2.14
2.97
15.49
6.6
12.27
Working Capital
782
1,140
863
1,223
1,241
779
876
2,300
1,966
1,505
2,407
3,372
3,386
3,110
LT Debt
10,690
11,695
14,383
15,064
14,791
14,644
14,580
15,574
15,511
14,934
14,882
13,081
13,092
13,079
Total Equity
1,125
1,186
3,224
3,475
2,405
2,107
1,989
2,889
4,257
4,608
5,508
8,547
8,973
9,594
Return on Invested Capital (%)
- -
5.27
3.86
5.15
- -
7.15
4.34
- -
11.66
8.77
10.12
21.82
13.52
19.44
Return on Capital (%)
- -
3.61
0.8
0.85
- -
2.82
-0.84
- -
5.58
2.44
3.19
14.09
5.2
11.82
Return on Common Equity (%)
-14.12
1.71
-20.86
-34.66
- -
- -
- -
- -
173.11
37.88
44.44
110.75
33.54
61.3

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
81
160
164
LT Borrowings
13,128
13,088
13,079
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
86
81
80
Market Capitalization
16,252
15,061
20,338

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
8,356
7,827
8,428
Cash, Cash Equivalents & STI
2,967
2,170
2,674
Accounts Receivable, Net
2,605
2,608
2,595
Inventories
343
338
340
Total Current Liabilities
6,152
5,567
5,318
Payables & Accruals
1,831
1,553
1,622
ST Debt
81
160
164
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.95%
27.06%
4.98%
Free Cash Flow
26.75%
73.62%
126.7%
Net Income, GAAP
9.75%
98.08%
-56.03%
Sales/Revenue/Turnover
1.46%
3.94%
3.12%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,368
5,103
5,122
5,072
20,665
2025
5,223
5,271
5,289
5,527
21,310
2026
5,781
6,041
6,277
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21.6
2.66
4.93
3.34
33.02
2025
4.31
3.16
3.89
4.25
15.61
2026
8.09
9.89
12.48
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Saumya Sutaria
Full Time Employees
99,000
Sector
Health services
Industry
Hospital/Nursing management
Address
14201 Dallas Parkway Dallas TX United States 75254
IPO Date
May 22, 1981
Business
Tenet Healthcare Corporation (NYSE: THC), headquartered in Dallas, Texas, and founded in 1967, operates as a diversified multinational healthcare services company that owns and manages acute care and specialty hospitals; ambulatory surgery centers and surgical hospitals through its majority-owned subsidiary United Surgical Partners International (USPI), the largest ambulatory platform in the United States; revenue cycle management and value-based care services via Conifer Health Solutions; and a global business center in Manila, Philippines, providing shared corporate and administrative support across 13 workstreams including accounting, human resources, and procurement. The company serves urban and suburban communities primarily in nine U.S. states through 49 acute care and specialty hospitals, over 450 outpatient facilities including diagnostic imaging centers, micro-hospitals, and off-campus emergency departments, a network of employed physicians, and partnerships with more than 50 not-for-profit health systems; Conifer supports 660 clients managing $25 billion in net patient revenue annually for hospitals, health systems, physician groups, health plans, and self-insured organizations. Recent developments include the sale of majority stakes in five Birmingham-area hospitals to Orlando Health for $910 million in early 2024, generating approximately $790 million in post-tax proceeds and a 10-year contract for Conifer services; an agreement in 2025 for Novant Health to acquire three South Carolina hospitals with expanded Conifer revenue cycle management; addition of nearly 70 ambulatory surgery centers in 2024 through acquisitions and de novo builds; plans to invest at least $250 million annually in ambulatory mergers and acquisitions with a sharpened focus on orthopedic-driven centers; and expansion of surgical robotics to nearly 150 programs nationwide, alongside strong third-quarter 2025 results prompting raised full-year guidance.

Company News

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