Fundamental analysis · SEC EDGAR · TTM through 30/06/2026
THC · NYSE · Healthcare
Fundamental quality
80
out of 100
Tenet Healthcare Corp earns a fundamental-quality score of 80 out of 100, profiling it as a company with solid fundamentals. Its score rests mainly on its profitability (net margin 14.6%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.
Tenet Healthcare is one of America's big private hospital operators, with a strategic turn underway: selling hospitals and doubling down on ambulatory surgery centers (USPI), where routine procedures earn better margins without beds or ERs.
EPS growth: 29.5% · Revenue growth: 3.9%
Net margin: 14.6% · ROE: 68.1% · ROIC: 23.7%
Net debt/EBITDA: 2.04x · FCF: 13.9%
Source: SEC EDGAR · TTM through 30/06/2026
The score combines growth, profitability and financial strength, and here its pillars hold up evenly.
Percentile against the other 57 Healthcare companies in our coverage: how far it beats them on each metric (100 = best in sector).
Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.
Key concepts
What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow
| Year | Revenue | Net income | Free cash flow | Net debt |
|---|---|---|---|---|
| 2020 | 17,640 | 768 | 2,867 | 13,273 |
| 2021 | 19,485 | 1,476 | 910 | 13,282 |
| 2022 | 19,174 | 1,001 | 321 | 14,221 |
| 2023 | 20,564 | 1,311 | 1,623 | 13,774 |
| 2024 | 20,675 | 4,064 | 1,116 | 10,154 |
| 2025 | 21,310 | 2,367 | 2,530 | 10,288 |
Between 2020 and 2025, revenue went from $17,640M to $21,310M (+21%) and net income went from $768M to $2,367M (+208%). Meanwhile, its margins have widened (from 4% to 11%).
Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.
Latest results
Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):
Compared with the previous close (March 31, 2026), this is what moved in its accounts:
Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.
This company doesn't pay a dividend: it reinvests all its earnings back into the business.
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Is Tenet Healthcare Corp cheap or expensive?
That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).
Compute the valuation →Is Tenet Healthcare Corp a good company to invest in?
In terms of business quality, Tenet Healthcare Corp scores 80 out of 100 in our analysis, placing it as a company of high fundamental quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.
Is Tenet Healthcare Corp a profitable company?
Yes. Tenet Healthcare Corp shows a net margin of 14.6% and an ROE of 68.1%, a sign of a profitable business.
Does Tenet Healthcare Corp have a lot of debt?
A moderate level: its net debt is 2.04 times its EBITDA.
Is Tenet Healthcare Corp growing?
Its revenue has grown 3.9% annualized in recent years and its earnings per share 29.5%.
Does Tenet Healthcare Corp generate cash?
Yes. It converts about 13.9% of its revenue into free cash flow, and has done so positively year after year.
The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.
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Who's behind the methodology and model · how the score is computed
Data: see Tenet Healthcare Corp's filings on EDGAR
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