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THC

Tenet Healthcare Corporation

THC

NYSE·Healthcare·Medical - Care Facilities·Mkt cap $16.5B

$204.19

+6.79%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$146.60 - $247.21

P/E

10.62

Fwd P/E

11.38

Beta

1.28

Div Yield

0.00%

Avg Vol

1.4M

Shares Out

87.6M

Mkt Cap

$16.5B

Price action

Price chart

Up 11.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Extensive integrated network of 60 hospitals and 550+ healthcare facilities providing geographic diversification and patient access
  • Comprehensive service offerings from primary care to complex quaternary procedures including transplants and specialized surgeries
  • Conifer division's healthcare business process expertise creating recurring revenue and cross-selling opportunities
  • Scale advantages in purchasing, staffing, and technology implementation across large facility network

Bear Case

1 risk

  • Average volatility.

Growth

Stable outlook

Aging U.S. population increasing demand for acute care and specialized medical services

Value

Undervalued - trading well below Healthcare Facilities peers

Momentum

Stable

+1.6% over 3m

Quality

Strong

Excellent business quality

Dividend

None

No dividend

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

APR 30, 2026

Reported EPS of $4.82 vs $4.21 consensus (+14.5% surprise). Revenue of $5.4B vs $5.4B expected (-0.5%).

EPS beat +14.5%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+14.5%

Next: Apr 27, 2026

Revenue trend · last 8Q

-6%

-3%

+3%

+3%

+9%

+3%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$5.1B

$5.1B

$5.1B

$5.2B

$5.3B

$5.3B

$5.5B

$5.4B

Margins · last 8Q

Gross

16.4%

Operating

16.4%

Profit

13.1%

Wall Street consensus

13 analysts · 92% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

12

92%

Hold

1

8%

Sell

0%

Median Price Target

$246.00

+20.5% vs $204.19

Low $210.00
Median $246.00
High $260.00

Latest: Barclays · $238.00 · May 5, 2026

4 analysts covering

vs Industry

How THC stacks vs Medical - Care Facilities

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.