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THC Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
198.430
Open
196.110
VWAP
192.56
Vol
1.24M
Mkt Cap
16.40B
Low
188.880
Amount
238.96M
EV/EBITDA(TTM)
6.07
Total Shares
86.14M
EV
30.68B
EV/OCF(TTM)
7.03
P/S(TTM)
0.77
Tenet Healthcare Corporation is a diversified healthcare services company. The Company's segments include Hospital Operations and Services (Hospital Operations) and Ambulatory Care. The Hospital Operations segment consists of its acute care and specialty hospitals, imaging centers, ancillary outpatient facilities, micro-hospitals and physician practices. The Company's subsidiaries operate approximately 50 hospitals serving primarily urban and suburban communities in eight states. The Hospital Operations segment also includes around 132 outpatient facilities, including urgent care centers, imaging centers, off-campus hospital emergency department and micro hospitals. It also provides revenue cycle management and value based care services. Ambulatory Care segment, through its USPI Holding Company, Inc. subsidiary, holds ownership interests in approximately 533 ambulatory surgery centers, and 26 surgical hospitals in 37 states. It also operates a Global Business Center in the Philippines.
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Events Timeline

(ET)
2026-05-01
09:00:00
Tenet Healthcare Q1 EBITDA Beats Expectations, Long-Term Growth Story Intact
select
2026-04-30 (ET)
2026-04-30
09:00:00
Futures Modestly Higher as Tech Stocks Shine
select
2026-04-30
07:00:00
Sees FY26 Revenue of $21.5B-$22.3B
select
2026-04-30
07:00:00
Tenet Healthcare Maintains FY26 Adjusted EBITDA View of $4.485B-$4.785B
select

News

Yahoo Finance
6.5
05-05Yahoo Finance
Profitable Companies May Not Last
  • Warner Music Group Struggles: Warner Music Group (WMG) has seen only 8.7% annual revenue growth over the past five years, lagging behind its consumer discretionary peers, indicating a lack of competitive strength, and is expected to face deteriorating cash conversion capabilities, leading to declining investment value.
  • Itron's Weak Growth: Itron (ITRI) reported a mere 1.4% annual revenue growth over the last two years, falling short of industrial sector standards, with projected sales growth of only 2.4% over the next 12 months reflecting weak demand, while a 6.5% return on capital indicates management's struggles in identifying profitable growth opportunities.
  • Tenet Healthcare's Strong Performance: Tenet Healthcare (THC) has achieved a 16.8% annual earnings per share growth through share buybacks, outpacing revenue growth, and has increased its free cash flow margin by 12.7 percentage points over the past five years, enhancing its capacity for growth initiatives and share repurchases.
  • Industry-Leading Capital Returns: Tenet Healthcare boasts a 22.5% return on capital, showcasing management's skill in identifying high-return investments, with returns continuing to grow as the company capitalizes on improving market opportunities.
seekingalpha
9.5
04-30seekingalpha
Tenet Healthcare Reports Strong Q1 2026 Earnings Amid Challenges
  • Strong Financial Performance: Tenet Healthcare reported net operating revenues of $5.4 billion and adjusted EBITDA of $1.16 billion in Q1 2026, achieving an adjusted EBITDA margin of 21.6%, demonstrating resilience and profitability amid challenging market conditions.
  • Robust Cash Flow Generation: The company generated $978 million in adjusted free cash flow during the first quarter, indicating strong operational efficiency and capital management capabilities, which are expected to support future investments and shareholder returns.
  • Accelerated Acquisition Activity: Tenet invested $125 million to acquire 7 ambulatory surgical centers in Q1, reflecting its proactive strategy to expand business and market share, aimed at enhancing overall service capacity and competitive advantage.
  • Stable Outlook: Management reaffirmed the full-year 2026 guidance, expecting consolidated adjusted EBITDA for Q2 to be 24% to 25% of the full-year target, indicating confidence in future performance despite challenges related to Medicaid and payer disputes.
NASDAQ.COM
2.0
04-30NASDAQ.COM
Tenet (THC) Q1 2026 Earnings Call Transcript
seekingalpha
9.5
04-30seekingalpha
Tenet Healthcare Q1 2026 Earnings Highlights
  • Earnings Beat: Tenet Healthcare reported a Q1 non-GAAP EPS of $4.82, exceeding expectations by $0.65, which reflects strong profitability and boosts investor confidence in the company's financial health.
  • Revenue Miss: The Q1 revenue of $5.37 billion, representing a year-over-year growth of only 2.9%, fell short of market expectations by $30 million, indicating challenges in revenue growth amid a competitive healthcare landscape.
  • EBITDA Growth: The adjusted EBITDA for Q1 2026 reached $484 million, marking a 6.1% increase from the previous year, demonstrating the company's effective cost management and operational efficiency improvements.
  • Stable Outlook: Tenet maintains its adjusted EBITDA outlook for FY 2026 in the range of $4.485 billion to $4.785 billion, reflecting confidence in future performance despite market fluctuations.
seekingalpha
9.5
04-29seekingalpha
Tenet Healthcare to Announce Q1 Earnings on April 30
  • Earnings Announcement: Tenet Healthcare (THC) is set to release its Q1 2023 earnings on April 30 before market open, with consensus EPS estimated at $4.17, reflecting a 4.4% year-over-year decline, while revenue is projected at $5.4 billion, indicating a 3.4% year-over-year increase.
  • Historical Performance: Over the past two years, THC has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, showcasing the company's strong stability and reliability in financial performance.
  • Estimate Revision Trends: In the last three months, EPS estimates have seen five upward revisions and nine downward revisions, while revenue estimates experienced one upward revision and eleven downward revisions, indicating market uncertainty and divergence regarding the company's future performance.
  • Market Attention: Tenet Healthcare presented at the Barclays 28th Annual Global Healthcare Conference, and despite a 17.3% surge in stock price post-earnings, the market remains focused on its future performance, reflecting ongoing investor interest in the healthcare sector.
CNBC
4.0
04-03CNBC
U.S. Adds 178K Jobs in March, Unemployment Rate Dips to 4.3%
  • Labor Market Recovery: The U.S. added 178,000 nonfarm jobs in March, significantly surpassing the Dow Jones estimate of 59,000, indicating signs of economic recovery despite the persistent slow-growth trend.
  • Sector Growth Highlights: The healthcare sector was the largest contributor, adding 76,000 jobs, with 54,000 coming from returning workers post-strike, suggesting a rebound in this sector after facing short-term challenges.
  • Unemployment Rate Changes: Although the unemployment rate dipped slightly to 4.3%, the labor force participation rate fell to 61.9% due to a decline of 396,000 individuals, reflecting underlying pressures in the job market.
  • Wage Growth Slowdown: Average hourly earnings rose by only 0.2% in March, with a year-over-year increase of 3.5%, both below expectations, indicating that sluggish wage growth may impact consumer spending and overall economic growth.
Wall Street analysts forecast THC stock price to rise
10 Analyst Rating
Wall Street analysts forecast THC stock price to rise
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
229.00
Averages
242.89
High
260.00
Current: 0.000
sliders
Low
229.00
Averages
242.89
High
260.00
Baird
Neutral
to
Hold
downgrade
$245 -> $210
AI Analysis
2026-05-05
Reason
Baird
Price Target
$245 -> $210
AI Analysis
2026-05-05
downgrade
Neutral
to
Hold
Reason
Baird lowered the firm's price target on Tenet Healthcare to $210 from $245 and keeps a Neutral rating on the shares. The firm updated its model ahead of Q3 results.
Barclays
Andrew Mok
Overweight
downgrade
$257 -> $238
2026-05-05
Reason
Barclays
Andrew Mok
Price Target
$257 -> $238
2026-05-05
downgrade
Overweight
Reason
Barclays analyst Andrew Mok lowered the firm's price target on Tenet Healthcare to $238 from $257 and keeps an Overweight rating on the shares post the Q1 report. The company "exhibited its ability to flex the acute cost structure" given volume headwinds, the analyst tells investors in a research note. Barclays believes Tenet's full year Affordable Car Act headwind assumption will ultimately prove conservative.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for THC
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Valuation Metrics

The current forward P/E ratio for Tenet Healthcare Corp (THC.N) is 11.52, compared to its 5-year average forward P/E of 11.99. For a more detailed relative valuation and DCF analysis to assess Tenet Healthcare Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
11.99
Current PE
11.52
Overvalued PE
14.04
Undervalued PE
9.94

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
7.05
Current EV/EBITDA
5.44
Overvalued EV/EBITDA
7.55
Undervalued EV/EBITDA
6.55

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.50
Current PS
0.73
Overvalued PS
0.69
Undervalued PS
0.31

Financials

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Whales Holding THC

C
Castleknight Management LP
Holding
THC
+40.66%
3M Return
B
BW Gestao de Investimentos Ltda.
Holding
THC
+16.77%
3M Return
G
Glenview Capital Management, LLC
Holding
THC
+12.30%
3M Return
F
Farallon Capital Management, L.L.C.
Holding
THC
+9.03%
3M Return
W
WEDGE Capital Management LLP
Holding
THC
+9.00%
3M Return
S
Soleus Capital Management, L.P.
Holding
THC
+8.19%
3M Return

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Frequently Asked Questions

What is Tenet Healthcare Corp (THC) stock price today?

The current price of THC is 190.38 USD — it has decreased -1.93

What is Tenet Healthcare Corp (THC)'s business?

Tenet Healthcare Corporation is a diversified healthcare services company. The Company's segments include Hospital Operations and Services (Hospital Operations) and Ambulatory Care. The Hospital Operations segment consists of its acute care and specialty hospitals, imaging centers, ancillary outpatient facilities, micro-hospitals and physician practices. The Company's subsidiaries operate approximately 50 hospitals serving primarily urban and suburban communities in eight states. The Hospital Operations segment also includes around 132 outpatient facilities, including urgent care centers, imaging centers, off-campus hospital emergency department and micro hospitals. It also provides revenue cycle management and value based care services. Ambulatory Care segment, through its USPI Holding Company, Inc. subsidiary, holds ownership interests in approximately 533 ambulatory surgery centers, and 26 surgical hospitals in 37 states. It also operates a Global Business Center in the Philippines.

What is the price predicton of THC Stock?

Wall Street analysts forecast THC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for THC is242.89 USD with a low forecast of 229.00 USD and a high forecast of 260.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Tenet Healthcare Corp (THC)'s revenue for the last quarter?

Tenet Healthcare Corp revenue for the last quarter amounts to 5.78B USD, increased 10.68

What is Tenet Healthcare Corp (THC)'s earnings per share (EPS) for the last quarter?

Tenet Healthcare Corp. EPS for the last quarter amounts to 8.01 USD, increased 87.59

How many employees does Tenet Healthcare Corp (THC). have?

Tenet Healthcare Corp (THC) has 77000 emplpoyees as of May 11 2026.

What is Tenet Healthcare Corp (THC) market cap?

Today THC has the market capitalization of 16.40B USD.