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THC Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
210.410
Open
208.360
VWAP
208.67
Vol
789.35K
Mkt Cap
17.76B
Low
206.778
Amount
164.71M
EV/EBITDA(TTM)
6.85
Total Shares
86.14M
EV
31.83B
EV/OCF(TTM)
7.29
P/S(TTM)
0.84
Tenet Healthcare Corporation is a diversified healthcare services company. The Company's segments include Hospital Operations and Services (Hospital Operations) and Ambulatory Care. The Hospital Operations segment consists of its acute care and specialty hospitals, imaging centers, ancillary outpatient facilities, micro-hospitals and physician practices. The Company's subsidiaries operate approximately 50 hospitals serving primarily urban and suburban communities in eight states. The Hospital Operations segment also includes around 132 outpatient facilities, including urgent care centers, imaging centers, off-campus hospital emergency department and micro hospitals. It also provides revenue cycle management and value based care services. Ambulatory Care segment, through its USPI Holding Company, Inc. subsidiary, holds ownership interests in approximately 533 ambulatory surgery centers, and 26 surgical hospitals in 37 states. It also operates a Global Business Center in the Philippines.
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Events Timeline

(ET)
2026-05-01
09:00:00
Tenet Healthcare Q1 EBITDA Beats Expectations, Long-Term Growth Story Intact
select

News

seekingalpha
8.0
07-02seekingalpha
CMS Proposes Changes to Medicare Payment Rules
  • Drug Payment Reform: CMS proposes to change the payment structure for hospital outpatient departments and ambulatory surgical centers starting in 2027, particularly for 340B drugs, estimating a savings of approximately $1.15 billion for Original Medicare beneficiaries, indicating a positive impact on reducing patient costs.
  • Taxpayer Savings: By aligning payments with documented acquisition costs, CMS anticipates saving taxpayers an additional estimated $4.55 billion in drug expenditures, leading to a total reduction of approximately $5.7 billion in drug spending, highlighting the fiscal significance of the policy.
  • Imaging Service Payment Consistency: The proposal aims to eliminate payment discrepancies for imaging services like X-rays and MRIs between hospitals and outpatient clinics, with an expected $260 million reduction in expenditures in the first year, including $190 million in Part B savings and $70 million in reduced beneficiary premiums, enhancing fairness in healthcare services.
  • Industry Impact Analysis: This policy change could have profound implications for the healthcare industry, particularly for companies like Tenet Healthcare, reflecting CMS's commitment to promoting transparency and equity in healthcare costs.
NASDAQ.COM
8.0
06-29NASDAQ.COM
Roblox and Tenet Healthcare Options Show High Trading Volume
  • Roblox Options Volume: Today, Roblox Corp's options volume reached 83,304 contracts, equivalent to approximately 8.3 million shares, representing 71.3% of its average daily trading volume of 11.7 million shares over the past month, indicating strong market interest in the stock.
  • High-Frequency Contracts: Notably, the $48 strike put option expiring on July 10, 2026, has seen 11,628 contracts traded today, representing about 1.2 million shares, suggesting an increased investor expectation for a decline in the stock price.
  • Tenet Healthcare Options Activity: Tenet Healthcare Corp's options volume stands at 9,283 contracts, approximately 928,300 shares, accounting for 64.3% of its average daily trading volume of 1.4 million shares over the past month, reflecting ongoing market interest in the company.
  • Bullish Call Options: Particularly, the $185 strike call option expiring on August 21, 2026, has recorded 4,587 contracts traded today, representing around 458,700 shares, indicating a bullish sentiment among investors regarding Tenet Healthcare's future performance.
Yahoo Finance
7.0
06-24Yahoo Finance
Tenet Fintech Group Adjusts Financial Disclosures Following OSC Review
  • Financial Statement Restatement: Tenet Fintech Group has restated its financial statements for the year ended December 31, 2024, to correct deficiencies identified by the Ontario Securities Commission (OSC) during a review of continuous disclosure filings, thereby ensuring compliance and enhancing transparency.
  • MD&A Updates: The company has refiled its Management Discussion and Analysis (MD&A) related to the 2024 financial statements and the Restated Interim Financial Statements to address critical issues such as revenue recognition and asset impairment, aiming to bolster investor confidence and improve future financing conditions.
  • Compliance Risk Mitigation: This disclosure adjustment enables the company to apply for the revocation of the failure to file cease trade order issued by the OSC on May 7, 2025, indicating proactive efforts in compliance that may help restore market trust.
  • Improved Future Outlook: Tenet Fintech Group believes that the enhancements in disclosure will significantly benefit existing and future shareholders, thereby strengthening its competitive position in the fintech sector.
Yahoo Finance
8.5
06-09Yahoo Finance
Tenet Fintech Closes Non-Brokered Private Placement
  • Financing Size: Tenet Fintech has completed a non-brokered private placement issuing 55.2 million common shares at $0.05 each, raising a total of $2.76 million, which will be used to cover urgent short-term financial obligations such as rent and legal expenses.
  • Trading Restrictions: Due to the failure-to-file cease trade order imposed on May 7, 2025, all newly issued securities will remain subject to trading restrictions until the order is fully lifted, impacting the company's liquidity and ability to raise further capital.
  • Regulatory Dynamics: This financing follows the partial revocation order issued by the Ontario Securities Commission on May 25, 2026; while the partial revocation is a positive step, it does not guarantee a full revocation in the future, adding uncertainty for investors.
  • Strategic Goals: Tenet is actively working to remedy the default that led to the cease trade order, and successfully lifting the order will enable the company to raise additional operational capital, thereby supporting its business development and market expansion plans.
Yahoo Finance
6.5
05-05Yahoo Finance
Profitable Companies May Not Last
  • Warner Music Group Struggles: Warner Music Group (WMG) has seen only 8.7% annual revenue growth over the past five years, lagging behind its consumer discretionary peers, indicating a lack of competitive strength, and is expected to face deteriorating cash conversion capabilities, leading to declining investment value.
  • Itron's Weak Growth: Itron (ITRI) reported a mere 1.4% annual revenue growth over the last two years, falling short of industrial sector standards, with projected sales growth of only 2.4% over the next 12 months reflecting weak demand, while a 6.5% return on capital indicates management's struggles in identifying profitable growth opportunities.
  • Tenet Healthcare's Strong Performance: Tenet Healthcare (THC) has achieved a 16.8% annual earnings per share growth through share buybacks, outpacing revenue growth, and has increased its free cash flow margin by 12.7 percentage points over the past five years, enhancing its capacity for growth initiatives and share repurchases.
  • Industry-Leading Capital Returns: Tenet Healthcare boasts a 22.5% return on capital, showcasing management's skill in identifying high-return investments, with returns continuing to grow as the company capitalizes on improving market opportunities.
seekingalpha
9.5
04-30seekingalpha
Tenet Healthcare Reports Strong Q1 2026 Earnings Amid Challenges
  • Strong Financial Performance: Tenet Healthcare reported net operating revenues of $5.4 billion and adjusted EBITDA of $1.16 billion in Q1 2026, achieving an adjusted EBITDA margin of 21.6%, demonstrating resilience and profitability amid challenging market conditions.
  • Robust Cash Flow Generation: The company generated $978 million in adjusted free cash flow during the first quarter, indicating strong operational efficiency and capital management capabilities, which are expected to support future investments and shareholder returns.
  • Accelerated Acquisition Activity: Tenet invested $125 million to acquire 7 ambulatory surgical centers in Q1, reflecting its proactive strategy to expand business and market share, aimed at enhancing overall service capacity and competitive advantage.
  • Stable Outlook: Management reaffirmed the full-year 2026 guidance, expecting consolidated adjusted EBITDA for Q2 to be 24% to 25% of the full-year target, indicating confidence in future performance despite challenges related to Medicaid and payer disputes.
Wall Street analysts forecast THC stock price to rise
10 Analyst Rating
Wall Street analysts forecast THC stock price to rise
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
229.00
Averages
242.89
High
260.00
Current: 0.000
sliders
Low
229.00
Averages
242.89
High
260.00
TD Cowen
Buy
maintain
$242 -> $233
AI Analysis
2026-06-22
Reason
TD Cowen
Price Target
$242 -> $233
AI Analysis
2026-06-22
maintain
Buy
Reason
TD Cowen lowered the firm's price target on Tenet Healthcare to $233 from $242 and keeps a Buy rating on the shares. The firm reduced the company's 2026 and 2027 growth assumptions after its May hospital survey showed flay year-over-year revenue. Survey commentary indicates weaker surgical volumes that were partially offset by growth in medical volumes, the analyst tells investors in a research note.
Baird
Neutral
to
Hold
downgrade
$245 -> $210
2026-05-05
Reason
Baird
Price Target
$245 -> $210
2026-05-05
downgrade
Neutral
to
Hold
Reason
Baird lowered the firm's price target on Tenet Healthcare to $210 from $245 and keeps a Neutral rating on the shares. The firm updated its model ahead of Q3 results.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for THC
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Valuation Metrics

The current forward P/E ratio for Tenet Healthcare Corp (THC.N) is 12.06, compared to its 5-year average forward P/E of 11.90. For a more detailed relative valuation and DCF analysis to assess Tenet Healthcare Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
11.90
Current PE
12.06
Overvalued PE
13.95
Undervalued PE
9.86

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
6.98
Current EV/EBITDA
5.71
Overvalued EV/EBITDA
7.57
Undervalued EV/EBITDA
6.40

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.51
Current PS
0.79
Overvalued PS
0.70
Undervalued PS
0.32

Financials

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Quarterly

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Whales Holding THC

C
Castleknight Management LP
Holding
THC
+35.89%
3M Return
F
Farallon Capital Management, L.L.C.
Holding
THC
+20.95%
3M Return
E
Eminence Capital, LP
Holding
THC
+16.05%
3M Return
G
Glenview Capital Management, LLC
Holding
THC
+16.05%
3M Return
R
RBF Capital LLC
Holding
THC
+13.07%
3M Return
B
BW Gestao de Investimentos Ltda.
Holding
THC
+10.17%
3M Return

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Frequently Asked Questions

What is Tenet Healthcare Corp (THC) stock price today?

The current price of THC is 208.82 USD — it has increased 1.28

What is Tenet Healthcare Corp (THC)'s business?

Tenet Healthcare Corporation is a diversified healthcare services company. The Company's segments include Hospital Operations and Services (Hospital Operations) and Ambulatory Care. The Hospital Operations segment consists of its acute care and specialty hospitals, imaging centers, ancillary outpatient facilities, micro-hospitals and physician practices. The Company's subsidiaries operate approximately 50 hospitals serving primarily urban and suburban communities in eight states. The Hospital Operations segment also includes around 132 outpatient facilities, including urgent care centers, imaging centers, off-campus hospital emergency department and micro hospitals. It also provides revenue cycle management and value based care services. Ambulatory Care segment, through its USPI Holding Company, Inc. subsidiary, holds ownership interests in approximately 533 ambulatory surgery centers, and 26 surgical hospitals in 37 states. It also operates a Global Business Center in the Philippines.

What is the price predicton of THC Stock?

Wall Street analysts forecast THC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for THC is242.89 USD with a low forecast of 229.00 USD and a high forecast of 260.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Tenet Healthcare Corp (THC)'s revenue for the last quarter?

Tenet Healthcare Corp revenue for the last quarter amounts to 5.37B USD, increased 2.78

What is Tenet Healthcare Corp (THC)'s earnings per share (EPS) for the last quarter?

Tenet Healthcare Corp. EPS for the last quarter amounts to 8.01 USD, increased 87.59

How many employees does Tenet Healthcare Corp (THC). have?

Tenet Healthcare Corp (THC) has 77000 emplpoyees as of July 07 2026.

What is Tenet Healthcare Corp (THC) market cap?

Today THC has the market capitalization of 17.76B USD.