Tenet Healthcare (THC) Stock Price & Analysis
THC$269.01+0.51 +0.19%
$21.66B
Market Cap
10.31
P/E
12.69
Forward P/E
53
Score
Tenet Healthcare (THC) Stock Price & Analysis
THC price $269.01 +0.51 +0.19%
- Ticker
- THC
- Price
- $269.01
- Change
- +0.51 +0.19%
- Market cap ?
- $21.66B
- P/E ?
- 10.31
- Forward P/E ?
- 12.69
- Dividend yield ?
- 0.00%
- Beta ?
- 1.20
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Stocklytics score
- 53
- Value
- 60
- Quality
- 39
- Growth
- 59
Stocklytics score rationale: value 60, quality 39, growth 59.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 19621000000 | 19179000000 | 18313000000 | 18479000000 | 17640000000 | 19485000000 | 19174000000 | 20548000000 | 20665000000 | 21310000000 |
Tenet Healthcare Corporation operates as a broad-ranging provider of health solutions. The company organizes its operations across three main divisions: Hospital Operations and Other, Ambulatory Care, and Conifer. Within its network of acute care facilities, Tenet delivers a full spectrum of essential services. These include core hospital functions such as operating and recovery suites, radiology and respiratory…
Fair value
THC fair value $279.09. Price $269.01. Price is about fair value.
Below fair value, around its usual discount.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 3.02B. Growth 9.02%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.89% (beta 1.2). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 80.52M. Net debt 10.29B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2026-10-29 | — | 4.68 | — | 5.49B |
| 2026-07-23 | 6.12 | 4.26 | 5.63B | 5.43B |
| 2026-04-30 | 4.82 | 4.17 | 5.37B | 5.39B |
| 2026-02-11 | 4.70 | 4.07 | 5.53B | 5.47B |
| 2025-10-28 | 3.70 | 3.34 | 5.29B | 5.26B |
| 2025-07-22 | 4.02 | 2.87 | 5.27B | 5.16B |
| 2025-04-29 | 4.36 | 3.12 | 5.22B | 5.14B |
| 2025-02-12 | 3.44 | 2.95 | 5.07B | 5.17B |
| 2024-10-29 | 2.93 | 2.33 | 5.12B | 5.05B |
| 2024-07-24 | 2.31 | 1.90 | 5.10B | 4.99B |
| 2024-04-30 | 3.22 | 1.45 | 5.37B | 5.15B |
| 2024-02-08 | 2.68 | 1.60 | 5.38B | 5.27B |
| 2023-10-30 | 1.44 | 1.20 | 5.07B | 5.02B |
| 2023-07-31 | 1.44 | 1.25 | 5.08B | 4.91B |
| 2023-04-25 | 1.42 | 1.16 | 5.02B | 4.84B |
| 2023-02-09 | 1.96 | 1.23 | 4.99B | 4.91B |
| 2022-10-20 | 1.44 | 1.28 | 4.80B | 4.81B |
| 2022-07-21 | 1.50 | 0.79 | 4.64B | 4.78B |
| 2022-04-20 | 1.93 | 1.04 | 4.75B | 4.71B |
| 2022-02-07 | 2.70 | 1.49 | 4.86B | 4.99B |
| 2021-10-20 | 1.99 | 1.09 | 4.89B | 4.51B |
| 2021-07-21 | 1.59 | 1.09 | 4.95B | 4.77B |
| 2021-04-20 | 1.30 | 0.80 | 4.78B | 3.45B |
| 2021-02-09 | 1.56 | 1.10 | 4.92B | 3.43B |
| 2020-10-20 | 0.64 | 0.33 | 4.56B | 3.68B |
| 2020-08-03 | 1.26 | -0.99 | 3.65B | 2.06B |
| 2020-05-04 | 1.28 | 0.24 | 4.52B | 1.13B |
| 2020-02-24 | 0.99 | 1.01 | 4.81B | 4.76B |
| 2019-11-04 | 0.58 | 0.28 | 4.57B | 3.28B |
| 2019-08-05 | 0.56 | 0.44 | 4.56B | 3.58B |
| 2019-04-29 | 0.54 | 0.30 | 4.54B | 3.49B |
| 2019-02-25 | 0.51 | 0.24 | 4.62B | 4.59B |
| 2018-11-05 | 0.29 | 0.11 | 4.49B | 3.85B |
| 2018-08-06 | 0.49 | 0.24 | 4.51B | 3.39B |
| 2018-04-30 | 0.57 | 0.03 | 4.70B | 247.32M |
| 2018-02-26 | 1.40 | 1.30 | 4.98B | 4.44B |
| 2017-10-27 | -0.17 | -0.38 | 4.59B | 10.25B |
| 2017-08-07 | -0.17 | -0.17 | 4.80B | 4.52B |
| 2017-05-01 | -0.27 | -0.53 | 4.81B | 9.09B |
| 2017-02-27 | 0.06 | 0.20 | 4.86B | 17.82B |
Dividends
Yield 0.00%. Payout ratio 0.00%. Frequency Special.
Safety score 62/100 · Moderate. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. Dividends were paid in 13 separate years. There is no dividend yield.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2000-03-13 | $0.03 | 2000-03-15 | 2000-03-24 | Special |
| 1993-08-16 | $0.32 | 1993-08-20 | 1993-09-10 | Quarterly |
| 1993-05-17 | $0.32 | 1993-05-21 | 1993-06-11 | Quarterly |
| 1993-02-12 | $0.32 | 1993-02-19 | 1993-03-12 | Quarterly |
| 1992-11-06 | $0.32 | 1992-11-13 | 1992-12-04 | Quarterly |
| 1992-08-10 | $0.32 | 1992-08-14 | 1992-09-04 | Quarterly |
| 1992-05-11 | $0.31 | 1992-05-15 | 1992-06-05 | Quarterly |
| 1992-02-10 | $0.31 | 1992-02-14 | 1992-03-06 | Quarterly |
| 1991-11-08 | $0.31 | 1991-11-15 | 1991-12-06 | Quarterly |
| 1991-08-12 | $0.31 | 1991-08-16 | 1991-09-06 | Quarterly |
| 1991-05-13 | $0.27 | 1991-05-17 | 1991-06-07 | Quarterly |
| 1991-02-11 | $0.27 | 1991-02-15 | 1991-03-08 | Quarterly |
| 1990-11-09 | $0.27 | 1990-11-16 | 1990-12-07 | Quarterly |
| 1990-08-13 | $0.27 | 1990-08-17 | 1990-09-07 | Quarterly |
| 1990-05-14 | $0.24 | 1990-05-18 | 1990-06-08 | Quarterly |
| 1990-02-12 | $0.24 | 1990-02-16 | 1990-03-09 | Monthly |
| 1990-02-01 | $2.50 | — | — | Quarterly |
| 1989-11-13 | $0.24 | 1989-11-17 | 1989-12-08 | Quarterly |
| 1989-08-14 | $0.24 | 1989-08-18 | 1989-09-08 | Quarterly |
| 1989-05-15 | $0.23 | 1989-05-19 | 1989-06-09 | Quarterly |
| 1989-02-13 | $0.23 | 1989-02-17 | 1989-03-10 | Quarterly |
| 1988-11-14 | $0.23 | 1988-11-18 | 1988-12-09 | Quarterly |
| 1988-08-15 | $0.23 | 1988-08-19 | 1988-09-09 | Quarterly |
| 1988-05-16 | $0.21 | 1988-05-20 | 1988-06-10 | Quarterly |
| 1988-02-12 | $0.21 | 1988-02-19 | 1988-03-11 | Quarterly |
| 1987-11-16 | $0.21 | 1987-11-20 | 1987-12-11 | Quarterly |
| 1987-08-17 | $0.20 | — | — | Quarterly |
| 1987-05-18 | $0.20 | — | — | Quarterly |
| 1987-02-13 | $0.20 | — | — | Quarterly |
| 1986-11-17 | $0.20 | — | — | Quarterly |
| 1986-08-18 | $0.19 | — | — | Quarterly |
| 1986-05-19 | $0.19 | — | — | Quarterly |
| 1986-02-18 | $0.19 | — | — | Quarterly |
| 1985-11-18 | $0.19 | — | — | Quarterly |
| 1985-08-19 | $0.17 | — | — | Quarterly |
| 1985-05-20 | $0.17 | — | — | Quarterly |
| 1985-02-19 | $0.17 | — | — | Quarterly |
| 1984-11-16 | $0.17 | — | — | Quarterly |
| 1984-08-20 | $0.15 | — | — | Quarterly |
| 1984-05-21 | $0.15 | — | — | Quarterly |
| 1984-02-17 | $0.15 | — | — | Quarterly |
| 1983-11-18 | $0.15 | — | — | Quarterly |
| 1983-08-19 | $0.13 | — | — | Quarterly |
| 1983-05-19 | $0.13 | — | — | Quarterly |
| 1983-02-18 | $0.13 | — | — | Quarterly |
| 1982-11-19 | $0.13 | — | — | Quarterly |
| 1982-08-20 | $0.11 | — | — | Quarterly |
| 1982-05-20 | $0.11 | — | — | Quarterly |
| 1982-02-22 | $0.11 | — | — | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-14 | KERREY J ROBERT | Sell | 5.48K | $263.04 | 1.44M |
| 2026-09-14 | KERREY J ROBERT | Sell | 4.03K | $264.10 | 1.06M |
| 2026-09-14 | KERREY J ROBERT | Sell | 2.50K | $264.62 | 662.08K |
| 2026-09-10 | MARK RICHARD J | Sell | 10.00K | $263.42 | 2.63M |
| 2026-09-02 | West Nadja | Sell | 1.15K | $258.80 | 298.14K |
| 2026-08-31 | Foo Lisa Y | Sell | 24.00K | $266.32 | 6.39M |
| 2026-08-28 | HANEY CECIL D | Sell | 150 | — | — |
| 2026-08-25 | Sutaria Saumya | Sell | 17.22K | $273.34 | 4.71M |
| 2026-08-25 | Sutaria Saumya | Sell | 24.88K | $274.10 | 6.82M |
| 2026-08-25 | Sutaria Saumya | Sell | 7.90K | $275.26 | 2.17M |
| 2026-08-24 | HANEY CECIL D | Sell | 1.30K | $278.03 | 361.44K |
| 2026-08-24 | Sutaria Saumya | Sell | 13.34K | $278.17 | 3.71M |
| 2026-08-24 | Sutaria Saumya | Sell | 36.66K | $278.90 | 10.22M |
| 2026-08-07 | Romo Tammy | Sell | 2.50K | $260.83 | 652.08K |
| 2026-08-06 | Romo Tammy | Sell | 4.92K | $264.15 | 1.30M |
| 2026-08-05 | Blunt Roy | Sell | 600 | $262.68 | 157.61K |
| 2026-07-29 | Foo Lisa Y | Sell | 10.00K | $258.03 | 2.58M |
| 2026-07-27 | Lynch Christopher S. | Sell | 3.84K | $243.44 | 934.08K |
| 2026-07-27 | Arbour Paola M | Sell | 10.88K | $243.90 | 2.65M |
| 2026-07-27 | BIERMAN JAMES L | Sell | 5.00K | $244.96 | 1.22M |
| 2026-05-28 | KERREY J ROBERT | Sell | 1.97K | $173.12 | 340.87K |
| 2026-05-28 | KERREY J ROBERT | Sell | 1.69K | $173.97 | 294.01K |
| 2026-05-28 | KERREY J ROBERT | Sell | 713 | $175.13 | 124.87K |
| 2026-05-28 | KERREY J ROBERT | Sell | 905 | $176.89 | 160.09K |
| 2026-05-28 | KERREY J ROBERT | Sell | 361 | $177.52 | 64.08K |
| 2026-05-27 | Agarwala Vineeta | Buy | 1.19K | — | — |
| 2026-05-27 | Blunt Roy | Buy | 1.19K | — | — |
| 2026-05-27 | MARK RICHARD J | Buy | 1.19K | — | — |
| 2026-05-27 | West Nadja | Sell | 3.00K | $177.35 | 532.05K |
| 2026-05-27 | West Nadja | Buy | 1.19K | — | — |
| 2026-05-27 | FISHER RICHARD W | Buy | 1.19K | — | — |
| 2026-05-27 | HANEY CECIL D | Buy | 1.19K | — | — |
| 2026-05-27 | BIERMAN JAMES L | Buy | 1.19K | — | — |
| 2026-05-27 | Romo Tammy | Buy | 1.19K | — | — |
| 2026-05-27 | Lynch Christopher S. | Buy | 1.19K | — | — |
| 2026-05-27 | KERREY J ROBERT | Buy | 1.46K | — | — |
| 2026-05-27 | Fitzgerald Meghan | Buy | 1.19K | — | — |
| 2026-05-22 | BIERMAN JAMES L | Buy | 1.33K | — | — |
| 2026-05-22 | BIERMAN JAMES L | Sell | 1.33K | — | — |
| 2026-05-22 | Lynch Christopher S. | Buy | 1.33K | — | — |
| 2026-05-22 | Lynch Christopher S. | Sell | 1.33K | — | — |
| 2026-05-22 | West Nadja | Buy | 1.33K | — | — |
| 2026-05-22 | West Nadja | Sell | 493 | $173.78 | 85.67K |
| 2026-05-22 | West Nadja | Sell | 1.33K | — | — |
| 2026-05-22 | Romo Tammy | Buy | 1.33K | — | — |
| 2026-05-22 | Romo Tammy | Sell | 493 | $173.78 | 85.67K |
| 2026-05-22 | Romo Tammy | Sell | 1.33K | — | — |
| 2026-05-22 | FISHER RICHARD W | Buy | 1.33K | — | — |
| 2026-05-22 | FISHER RICHARD W | Sell | 493 | $173.78 | 85.67K |
| 2026-05-22 | FISHER RICHARD W | Sell | 1.33K | — | — |
| 2026-05-22 | Fitzgerald Meghan | Buy | 1.33K | — | — |
| 2026-05-22 | Fitzgerald Meghan | Sell | 493 | $173.78 | 85.67K |
| 2026-05-22 | Fitzgerald Meghan | Sell | 1.33K | — | — |
| 2026-05-22 | Agarwala Vineeta | Buy | 1.33K | — | — |
| 2026-05-22 | Agarwala Vineeta | Sell | 1.33K | — | — |
| 2026-05-22 | HANEY CECIL D | Buy | 1.33K | — | — |
| 2026-05-22 | HANEY CECIL D | Sell | 493 | $173.78 | 85.67K |
| 2026-05-22 | HANEY CECIL D | Sell | 1.33K | — | — |
| 2026-05-22 | MARK RICHARD J | Buy | 1.33K | — | — |
| 2026-05-22 | MARK RICHARD J | Sell | 493 | $173.78 | 85.67K |
| 2026-05-22 | MARK RICHARD J | Sell | 1.33K | — | — |
| 2026-05-22 | KERREY J ROBERT | Buy | 1.64K | — | — |
| 2026-05-22 | KERREY J ROBERT | Sell | 607 | $173.78 | 105.48K |
| 2026-05-22 | KERREY J ROBERT | Sell | 1.64K | — | — |
| 2026-05-22 | Blunt Roy | Buy | 1.33K | — | — |
| 2026-05-22 | Blunt Roy | Sell | 493 | $173.78 | 85.67K |
| 2026-05-22 | Blunt Roy | Sell | 1.33K | — | — |
| 2026-05-01 | Grooms John Michael | Other | 2.58K | — | — |
| 2026-03-11 | Arbour Paola M | Sell | 6.50K | $238.43 | 1.55M |
| 2026-03-09 | Arnst Thomas W | Sell | 4.71K | $238.42 | 1.12M |
| 2026-03-09 | Arnst Thomas W | Sell | 3.29K | $239.46 | 786.87K |
| 2026-03-02 | Ramsey R. Scott | Sell | 2.12K | $230.98 | 490.83K |
| 2026-03-02 | Ramsey R. Scott | Sell | 4.49K | $233.21 | 1.05M |
| 2026-03-02 | Ramsey R. Scott | Sell | 1.40K | $233.69 | 326.70K |
| 2026-03-02 | Arnst Thomas W | Sell | 24.00K | $234.04 | 5.62M |
| 2026-02-27 | Maloney Michael T. | Other | 0 | — | — |
| 2026-02-27 | Maloney Michael T. | Other | 3.74K | — | — |
| 2026-02-27 | Maloney Michael T. | Other | 5.07K | — | — |
| 2026-02-27 | Maloney Michael T. | Other | 5.01K | — | — |
| 2026-02-27 | Sutaria Saumya | Buy | 36.38K | — | — |
| 2026-02-27 | Sutaria Saumya | Sell | 9.28K | $237.58 | 2.21M |
| 2026-02-27 | Sutaria Saumya | Buy | 22.42K | — | — |
| 2026-02-27 | Sutaria Saumya | Sell | 29.92K | $239.39 | 7.16M |
| 2026-02-27 | Sutaria Saumya | Sell | 124.96K | $239.39 | 29.91M |
| 2026-02-27 | Sutaria Saumya | Buy | 36.09K | — | — |
| 2026-02-27 | Sutaria Saumya | Sell | 22.42K | — | — |
| 2026-02-27 | Sutaria Saumya | Sell | 36.38K | — | — |
| 2026-02-27 | Park Sun | Buy | 4.67K | — | — |
| 2026-02-27 | Park Sun | Sell | 1.63K | $237.58 | 386.31K |
| 2026-02-27 | Park Sun | Sell | 1.99K | $239.39 | 475.19K |
| 2026-02-27 | Park Sun | Buy | 7.52K | — | — |
| 2026-02-27 | Park Sun | Sell | 4.67K | — | — |
| 2026-02-27 | Arbour Paola M | Buy | 2.80K | — | — |
| 2026-02-27 | Arbour Paola M | Sell | 499 | $237.58 | 118.55K |
| 2026-02-27 | Arbour Paola M | Sell | 1.84K | $239.39 | 440.00K |
| 2026-02-27 | Arbour Paola M | Buy | 1.87K | — | — |
| 2026-02-27 | Arbour Paola M | Sell | 6.81K | $239.39 | 1.63M |
| 2026-02-27 | Arbour Paola M | Sell | 1.87K | — | — |
| 2026-02-27 | Arbour Paola M | Sell | 2.80K | — | — |
| 2026-02-27 | Foo Lisa Y | Buy | 4.20K | — | — |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 720, holders -16 vs prior quarter. Ownership 93.13%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 8.74M | 38.36K | +0.44% | 1.64B |
| PRICE T ROWE ASSOCIATES INC /MD/ | 7.96M | 438.71K | +5.83% | 1.49B |
| BOSTON PARTNERS | 4.43M | 598.40K | +15.60% | 829.06M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 4.24M | -78.78K | -1.82% | 792.87M |
| FMR LLC | 3.99M | -3.78M | -48.63% | 747.30M |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.89M | -17.22K | -0.44% | 728.52M |
| STATE STREET CORP | 2.75M | 35.37K | +1.30% | 514.71M |
| GLENVIEW CAPITAL MANAGEMENT, LLC | 2.24M | 710.81K | +46.62% | 418.25M |
| GEODE CAPITAL MANAGEMENT, LLC | 1.88M | -45.47K | -2.36% | 352.72M |
| CITADEL ADVISORS LLC | 1.77M | 1.63M | +1157.55% | 330.31M |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.71M | 1.04M | +154.35% | 319.62M |
| AMERIPRISE FINANCIAL INC | 1.66M | 171.95K | +11.52% | 311.46M |
| DIMENSIONAL FUND ADVISORS LP | 1.45M | 249.53K | +20.78% | 271.35M |
| INVESCO LTD. | 1.42M | -370.07K | -20.71% | 265.08M |
| VICTORY CAPITAL MANAGEMENT INC | 1.24M | 469.86K | +61.17% | 231.59M |
| NORGES BANK | 1.21M | 1.21M | New | 227.16M |
| AQR CAPITAL MANAGEMENT LLC | 1.07M | -375.03K | -26.00% | 198.27M |
| ALLIANCEBERNSTEIN L.P. | 910.27K | 211.11K | +30.20% | 171.78M |
| MANNING & NAPIER ADVISORS LLC | 901.64K | 901.64K | New | 168.76M |
| BANK OF AMERICA CORP /DE/ | 854.86K | 83.03K | +10.76% | 159.93M |
| MORGAN STANLEY | 831.61K | 35.78K | +4.50% | 155.58M |
| T. ROWE PRICE INVESTMENT MANAGEMENT, INC. | 793.89K | 605.36K | +321.11% | 148.52M |
| NORTHERN TRUST CORP | 781.26K | -4.04K | -0.51% | 146.16M |
| PENTWATER CAPITAL MANAGEMENT LP | 765.00K | 640.00K | +512.00% | 143.12M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 646.59K | 646.59K | New | 120.96M |
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