T

    Tenet Healthcare Corporation (THC)

    Official site

    HEALTHCARE • MEDICAL CARE FACILITIES • NYSE

    $266.80
    -0.95 (-0.35%)

    Market Cap: $21.48B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    95%(38/40)
    Avg Surprise
    +99.58%
    Streak
    38 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$4.67
    Range$4.03 - $5.04
    18 analysts
    EPS Revisions
    15
    0
    7d
    16
    0
    30d
    EPS Estimate Drift
    90d ago$4.11-12.0%
    60d ago$4.10-12.2%
    30d ago$4.09-12.3%
    7d ago$4.68+0.2%
    Current$4.67
    Revenue Consensus
    $5.5B
    Range$5.4B - $5.9B
    17 analysts
    Dec 31, 2026
    EPS Consensus$8.11
    Range$7.57 - $8.55
    19 analysts
    Revenue Consensus
    $6.1B
    Range$5.6B - $7.9B
    19 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$8.11---
    Sep 26EST
    		-$4.67---
    Jun 26
    		$6.12$4.08+50.00%Beat+52.2%
    Mar 26
    		$4.82$4.17+15.59%Beat+10.6%
    Dec 25
    		$4.70$4.07+15.48%Beat+36.6%
    Sep 25
    		$3.70$3.35+10.45%Beat+26.3%
    Jun 25
    		$4.02$2.87+40.07%Beat+74.0%
    Mar 25
    		$4.36$3.13+39.30%Beat+35.4%
    Dec 24
    		$3.44$2.83+21.45%Beat+28.4%
    Sep 24
    		$2.93$2.37+23.63%Beat+103.5%
    Jun 24
    		$2.31$1.91+20.94%Beat+60.4%
    Mar 24
    		$3.22$1.44+123.61%Beat+126.8%
    Dec 23
    		$2.68$1.62+65.43%Beat+36.7%
    Sep 23
    		$1.44$1.20+20.00%Beat+0.0%
    Jun 23
    		$1.44$1.25+15.20%Beat-4.0%
    Mar 23
    		$1.42$1.15+23.48%Beat-26.4%
    Dec 22
    		$1.96$1.23+59.35%Beat-27.4%
    Sep 22
    		$1.44$1.22+18.03%Beat-27.6%
    Jun 22
    		$1.50$0.80+87.50%Beat-5.7%
    Mar 22
    		$1.93$1.06+82.08%Beat+48.5%
    Dec 21
    		$2.70$1.49+81.21%Beat-42.8%
    Sep 21
    		$1.99$1.08+84.26%Beat+210.9%
    Jun 21
    		$1.59$1.07+48.60%Beat+26.2%
    Mar 21
    		$1.30$0.72+80.56%Beat+1.6%
    Dec 20
    		$4.72$1.81+160.77%Beat+376.8%
    Sep 20
    		$0.64$0.24+166.67%Beat+10.3%
    Jun 20
    		$1.26$-0.71+277.46%Beat+125.0%
    Mar 20
    		$1.28$0.37+245.95%Beat+137.0%
    Dec 19
    		$0.99$0.98+1.02%Beat+94.1%
    Sep 19
    		$0.58$0.32+81.25%Beat+100.0%
    Jun 19
    		$0.56$0.44+27.27%Beat+14.3%
    Mar 19
    		$0.54$0.29+86.21%Beat-5.3%
    Dec 18
    		$0.51$0.28+82.14%Beat-63.6%
    Sep 18
    		$0.29$0.12+141.67%Beat+270.6%
    Jun 18
    		$0.49$0.23+113.04%Beat+388.2%
    Mar 18
    		$0.57$-0.04+1525.00%Beat+311.1%
    Dec 17
    		$1.40$1.24+12.90%Beat+2233.3%
    Sep 17
    		$-0.17N/A+60.47%Beat-206.3%
    Jun 17
    		$-0.17$-0.18+5.56%Beat-
    Mar 17
    		$-0.27$-0.52+48.08%Beat-
    Dec 16
    		$0.06N/A-72.73%Miss-
    Sep 16
    		$0.16$0.17-5.88%Miss-

    Dividends

    Dividend Metrics

    Yield0.00%
    Annual/Share$0.00
    Payout Ratio0.00%
    No dividend payments in the selected period.

    Key Metrics

    Valuation
    P/E Ratio13.80EV/EBITDA5.85x
    Price/FCF7.37xFCF Yield13.57%
    Profitability
    Profit Margin10.30%Operating Margin18.20%
    ROE37.30%ROIC21.50%
    Financial Health
    Debt/Equity2.84xInterest Coverage5.69x
    Current Ratio1.41xQuick Ratio1.35x
    Trading Statistics
    Beta1.23Avg Volume810.38K
    52-Week High$283.0552-Week Low$157.58

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$271.59
    SMA 20$266.04
    SMA 50$229.30
    SMA 200$206.55
    EMA 10$269.70
    EMA 20$262.36
    EMA 50$238.55
    EMA 200$206.99

    MACD

    Line: 11.86Signal: 14.38Hist: -2.52

    ADX

    ADX: 39.5+DI: 27.2-DI: 18.3

    Aroon & PSAR

    Aroon Up84.0
    Aroon DownN/A
    PSAR$281.83

    Bollinger Bands

    Upper Band$281.76
    Lower Band$250.32
    %B Position1182%(Upper)
    Band Width0.52

    RSI (14-Day)

    Neutral
    59.2

    Momentum Oscillators

    Stoch %K49.9
    Stoch %D59.1
    Williams %R-60.7
    ROC (10d)-0.4%
    Momentum-1.10
    CCI (20d)18.3
    MFI (14d)54.5

    Volatility Measures

    ATR (14d)$8.54(3.2%)
    StdDev (20d)7.86
    Hist Vol28.9%(Moderate)

    Volume Flow

    VWAP$267.90
    OBV41.9M
    AD Line37.1M
    CMF (20d)-0.096

    Volume Metrics

    Avg Vol (20d)775.2K
    Vol Ratio0.7x
    VWMA (20d)$265.26

    Pivot Points

    R3$281.42
    R2$277.28
    R1$272.51
    Pivot Point$268.37
    S1$263.60
    S2$259.46
    S3$254.69

    Advanced Oscillators

    TSI34.62
    Ultimate Osc47.5
    KST225.26

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$5.63B$5.37B$5.53B$5.29B$5.27B$5.22B$5.07B$5.13B$5.11B$5.37B$5.38B$5.07B
    Cost of Revenue$2.23B$2.17B$2.22B$2.20B$2.16B$2.12B$2.09B$2.22B$2.17B$2.32B$533.00M$2.29B
    Gross Profit$3.40B$3.19B$3.31B$3.08B$3.11B$3.10B$2.98B$2.91B$2.94B$3.05B$4.85B$2.78B
    Operating Expenses$1.90B$1.90B$2.45B$2.20B$2.29B$2.16B$2.15B$1.82B$2.18B$-234,000,000$4.06B$2.21B
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$2.16B$2.08B$0$2.05B$2.05B$2.00B$2.01B$1.99B$2.06B$2.08B$0$0
    Operating Income$1.50B$1.30B$853.00M$889.00M$823.00M$943.00M$821.00M$1.09B$761.00M$3.29B$789.00M$568.00M
    Interest Income$0$0$0$0$0$0$0$0$0$0$0$0
    Interest Expense$204.00M$205.00M$209.00M$206.00M$206.00M$204.00M$203.00M$202.00M$203.00M$226.00M$227.00M$227.00M
    Income Before Tax$1.34B$1.13B$681.00M$712.00M$642.00M$765.00M$655.00M$922.00M$587.00M$3.08B$519.00M$345.00M
    Income Tax Expense$295.00M$226.00M$37.00M$133.00M$120.00M$143.00M$83.00M$241.00M$110.00M$750.00M$63.00M$79.00M
    Net Income$1.04B$906.00M$644.00M$579.00M$522.00M$622.00M$572.00M$681.00M$477.00M$2.33B$456.00M$266.00M
    EBITDA$1.76B$1.57B$1.13B$1.14B$1.06B$1.18B$1.06B$1.34B$1.00B$3.53B$1.02B$803.00M
    EBIT$1.54B$1.34B$890.00M$918.00M$848.00M$969.00M$858.00M$1.12B$790.00M$3.31B$800.00M$572.00M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $697716
    Gov Obligations / Revenue
    0.0%
    Obligations YoY
    N/A
    Active Awards
    5
    New Awards (TTM)
    3
    Avg Remaining Term
    3.3 mo

    Top agency: Department of Veterans Affairs at 51.6% of trailing twelve month obligations across 2 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    W81K0026PA046Department of DefenseDepartment of the Army$349756Mar 1, 2026
    36C25726N0380Department of Veterans AffairsDepartment of Veterans Affairs$135000Aug 12, 2026
    36C25726N0207Department of Veterans AffairsDepartment of Veterans Affairs$135000Feb 12, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    Tenet Healthcare (NYSE: THC) holder plans new sale after $13.9M trade

    Saumya S. Sutaria, an insider at Tenet Healthcare Corp (THC), intends to sell 50,000 common shares of the company through Fidelity Brokerage Services LLC on August 25, 2026. These shares are linked to restricted stock vesting awards. The filing also reports a prior sale of 50,000 shares on August 24, 2026, with an aggregate value of $13,935,240.26.

    Stock Titan•8/25/26•
    Neutral

    Tenet Healthcare (NYSE: THC) director lines up $361K share sale

    Tenet Healthcare (NYSE: THC) director Cecil D. Haney has filed a Form 144 notice to sell 1,300 shares of common stock, valued at $361,439.00, through Fidelity Brokerage Services LLC on the NYSE, with an approximate sale date of August 24, 2026. The shares were acquired as compensation from restricted stock vesting events in 2024 and 2025. This transaction indicates an insider selling a portion of their holdings.

    Stock Titan•8/24/26•
    Neutral

    Tenet Healthcare (THC): Sutaria files 50,000-share resale notice

    Saumya S. Sutaria has filed a Rule 144 notice to resell 50,000 shares of Tenet Healthcare (THC) common stock through Fidelity Brokerage Services LLC. The shares, acquired as compensation through restricted stock vesting in early 2025, have an aggregate market value of over $13.9 million, with an approximate sale date of August 24, 2026. This filing represents a neutral impact and sentiment, as it pertains to the liquidation of vested compensation.

    Stock Titan•8/24/26•
    Neutral

    Tenet Healthcare (THC) Stock Jumped, What Is Behind The Fresh Attention?

    Tenet Healthcare (THC) stock has seen significant momentum with a 20.4% return over 30 days and a 56.4% one-year total shareholder return, drawing renewed investor attention to its hospital and outpatient network and capital allocation. Despite this, a common narrative suggests the stock is 12.3% overvalued with a fair value of $250.00 compared to its current price of $280.77. However, the article also notes that THC trades at a P/E of 10.1x, significantly lower than its fair ratio of 18x and industry averages, suggesting potential undervaluation or investor skepticism about its current earnings.

    Sahm•8/24/26•
    Somewhat-Bearish

    Tenet Healthcare Corporation (THC) Stock Analysis: Strong Buy Ratings Propel Investor Confidence

    Tenet Healthcare Corporation (THC) is attracting significant investor attention due to strong buy ratings and robust financial performance. The company, operating in the medical care facilities industry, boasts a market capitalization of $22.61 billion and is trading near its 52-week high, supported by 6.80% revenue growth and a strong forward P/E ratio of 13.47. Analysts are overwhelmingly positive, with 19 buy ratings and an average target price suggesting further appreciation potential.

    DirectorsTalk Interviews•8/24/26•
    Bullish

    Frequently Asked Questions About THC

    Does THC pay dividends?
    Tenet Healthcare Corporation (THC) has a dividend payment track record. See the THC dividend history page for its current payment status, yield, and streaks.
    What is THC's P/E ratio?
    Tenet Healthcare Corporation has a price-to-earnings (P/E) ratio of 13.80.
    What is THC's market cap?
    Tenet Healthcare Corporation (THC) has a market capitalization of $21.48B with a current stock price of $266.80.

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