Tenet Healthcare Corporation

THC

$263.49

+1.92%

N/A+$4.96

Healthcare

Medical - Care Facilities

NYSE

Active Trading

Tenet Healthcare Corporation operates as a broad-ranging provider of health solutions. The company organizes its operations across three main divisions: Hospital Operations ...

Financial Highlights of THC

Profitability trend

Latest / TTM · 6 periods

Gross Margin

26.9%

Net Margin

10.3%

P/E Ratio

10.09x

n/a

Debt / Equity

2.84

n/a

Current Ratio

1.41

Dividend Yield

0.0%

Understanding

TTM —

High debt to equity

Financial highlights

Latest / TTM · 6 periods

Snapshot

Latest / TTM: 2026-09-04

Gross Margin

26.9%

Net Margin

10.3%

P/E Ratio

10.09x

Debt / Equity

2.84

Profitability

Profitability table

Metric	2021	2022	2023	2024	2025	2026
Gross MarginGross profit as a percentage of revenue.	37.3%	36.8%	38.0%	39.7%	82.3%	—
Operating MarginOperating income as a percentage of revenue.	14.7%	12.2%	12.2%	28.8%	16.1%	—
Net MarginNet income as a percentage of revenue.	4.7%	2.1%	3.0%	15.5%	6.6%	—
EBITDA MarginEBITDA divided by revenue.	18.8%	16.0%	16.5%	33.4%	21.0%	—
Pre-tax MarginPre-tax profit as a percentage of revenue.	9.7%	7.0%	7.9%	25.4%	13.1%	—

Liquidity & leverage

Liquidity & leverage table

Metric	2021	2022	2023	2024	2025	2026
Current RatioCurrent assets divided by current liabilities.	1.38	1.34	1.51	1.78	1.76	—
Quick RatioLiquid assets divided by current liabilities.	1.31	1.25	1.42	1.70	1.68	—
Cash RatioCash and equivalents divided by current liabilities.	0.46	0.19	0.26	0.70	0.65	—
Debt / AssetsDebt as a share of total assets.	56.7%	55.5%	53.0%	49.5%	44.4%	—
Debt / EquityDebt compared with shareholder equity.	15.22	13.20	9.33	3.43	3.12	—

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	2026
Receivables TurnoverHow often receivables are collected in a year.	5.89x	5.54x	6.04x	6.77x	8.31x	—
Inventory TurnoverHow often inventory is sold in a year.	31.82x	29.94x	31.00x	36.00x	10.86x	—
Payables TurnoverHow often payables are paid in a year.	9.40x	8.06x	9.05x	9.63x	2.78x	—
Asset TurnoverRevenue generated per dollar of assets.	0.71x	0.71x	0.73x	0.71x	0.72x	—
Working Capital TurnoverRevenue generated per dollar of working capital.	9.14x	11.05x	10.51x	7.15x	6.31x	—

Valuation ratios

Valuation ratios table

Metric	2021	2022	2023	2024	2025	2026
P/E RatioPrice paid for each dollar of earnings.	9.55x	12.71x	12.57x	3.82x	12.73x	—
P/B RatioPrice paid for each dollar of book value.	8.49x	4.57x	4.78x	2.93x	4.25x	—
P/S RatioPrice paid for each dollar of sales.	0.45x	0.27x	0.37x	0.59x	0.84x	—
P/FCF RatioPrice paid for each dollar of free cash flow.	9.59x	16.25x	4.73x	10.96x	7.08x	—
Dividend YieldAnnual dividend divided by current share price.	0.0%	0.0%	0.0%	0.0%	0.0%	—

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