Tenet Healthcare Corp.

Tenet Healthcare Corp.

THC

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Market Cap$15.1B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Tenet Healthcare Corp.Tenet Healthcare Corp.8.9-35%0.72.8

Earnings Call Q4 2025

February 11, 2026 - AI Summary

Strong Financial Performance: Tenet Healthcare reported net operating revenues of $21.3 billion and consolidated adjusted EBITDA of $4.57 billion for 2025, marking a 14% increase YOY. The adjusted EBITDA margin improved by 210 basis points to 21.4%, indicating effective cost management and growth strategies.
2026 Adjusted EBITDA Guidance: For 2026, Tenet forecasts adjusted EBITDA in the range of $4.485 billion to $4.785 billion. This growth is expected to be driven by strong demand, high patient acuity, physician recruitment, and the opening of additional facilities, despite challenges from reduced enrollment in insurance exchanges.
Hospital Segment Challenges: The company anticipates a 20% reduction in enrollment for the upcoming year due to the expiration of enhanced premium tax credits. This poses a risk to patient volumes and may result in a less favorable payer mix, leading to an estimated $250 million impact on adjusted EBITDA primarily from the hospital segment.

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$260.23

Target Price by Analysts

57.9% upsideTenet Healthcare Target Price DetailsTarget Price
$132.39

Current Fair Value

19.7% downside

Overvalued by 19.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$15.10 Billion
Enterprise Value$25.58 Billion
Dividend Yield$- (-)
Earnings per Share$15.61
Beta1.3
Outstanding Shares86,801,000

Return

Return on Equity35.38%ROE
Return on Assets5.46%
Return on Invested Capital13.05%

Valuation & Multiples

P/E Ratio8.94P/E Ratio
PEG12.26PEG
Price to Sales0.67Price to Sales
Price to Book Ratio1.63Price to Book Ratio
Enterprise Value to Revenue1.19
Enterprise Value to EBIT7.82
Enterprise Value to Net Income15
Total Debt to Enterprise0.53
Debt to Equity2.79Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$4.19
Average shareholder expectation
Revenue Estimate
$5.40 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 28, 2026
EPS Estimate
$4.18
Average shareholder expectation
Revenue Estimate
$5.42 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio1.0738 56.04%
Total Calls449,600 69.74%
Total Puts482,800 36.71%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %90.25% 5.88%
Total Invested$15.47B 7.92%
Investors Holding726 18.00%

ESG Score

No data

About Tenet Healthcare Corp.

CEO: Ronald Rittenmeyer

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax bills, directly influencing the corporate tax structures, capital investment credits, and the overall tax burden on Tenet Healthcare. Its work is a fundamental input for committees that write tax law.

Finance

This is one of the most critical committees, as it controls taxation, trade, and entitlement spending. It directly impacts Tenet Healthcare through tax policy and, crucially, by setting Medicare and Medicaid reimbursement rates and structures, which are vital for the company's revenue.

Appropriations

This committee directly allocates federal spending. Its subcommittees determine the specific funding levels for government healthcare programs like Medicare and Medicaid, which are primary revenue sources for Tenet Healthcare.

Health, Education, Labor, and Pensions

This committee directly impacts Tenet Healthcare through its influence on labor laws (affecting significant labor costs for hospitals), health policy, and potentially broader regulations related to healthcare providers and services.

Judiciary

This committee's oversight of antitrust laws and the DOJ is critically important for Tenet Healthcare, as a large hospital system, regarding potential mergers, acquisitions, and competitive practices in the healthcare market.