10-QHealthcare

Tenet Healthcare Corp

THC · Period ending 2026-06-30 · Filed 2026-07-29 · Updated

In short

Tenet Healthcare Corp (THC) has revenue up 3.1% to $21.3B and net income down 41.8% to $2.4B year on year. Its net margin is 11.1%, and it trades at 10.2× trailing earnings. Fisclear flags 1 medium-severity risk and no high-severity ones. How we calculate this

Compare: THC vs UNH · HCA vs THC · CNC vs THC · ELV vs THC

Valuation

Healthcare
Live · Yahoo Finance

Price

$267.31

P/E (TTM)

10.3x

Price ÷ earnings per share

P/B

4.6x

Price ÷ book value

P/S (TTM)

1.0x

Price ÷ revenue per share

Beta

1.20

Moderate market correlation

PEG Ratio

1.9x

P/E ÷ earnings growth rate

52-Week Range

$157.58$267.31 now$283.05

Decision Context

Market appears to be pricing in less growth than this company's historical average, suggesting potential upside if the trajectory continues. Quality and efficiency scores support the business case.

Based on filing period ending Jun 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

THC vs

Macro Context

Fed Funds Rate

3.75%

Accommodative

10-Year Treasury

4.99%

2026-09-01

Unemployment

4.2%

Near full employment

CPI Index

334.1

2026-08-01

M2 Money Supply

$23.3T

2026-08-01

The Federal Funds rate stands at 3.75% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.99%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.2%; Industrial production index is at 103.1; M2 money supply is $23.3T; CPI index stands at 334.1.

SWOT Analysis — THC

Inflationary Boom
Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.
✦

Strengths

  • Operating Cash Flow: $3.5B (+72.9% YoY) — Operating cash flow grew 73% — the business generated more cash from day-to-day operations.

◈

Weaknesses

  • EPS (Diluted): $15.49 (-52.6% YoY) — Earnings per share fell 53%.

  • Net Income: $2.4B (-41.8% YoY) — Profit fell 42% but remained positive.

◎

Opportunities

  • Revenue: $21.3B (+3.1% YoY) — Revenue grew 3% — the company sold more goods or services than the prior year.

  • Total Assets: $29.7B (+2.6% YoY) — Total assets grew 3% — the company's resource base expanded.

⚠

Threats

  • Net income dropped 42% year-over-year — a significant compression in profitability.

Year-over-Year Changes

Operating Cash Flow

$3.5B

was $2.0B

+72.9%

Operating cash flow grew 73% — the business generated more cash from day-to-day operations.

EPS (Diluted)

$15.49

was $32.70

−52.6%

Earnings per share fell 53%.

Net Income

$2.4B

was $4.1B

−41.8%

Profit fell 42% but remained positive.

Revenue

$21.3B

was $20.7B

+3.1%

Revenue grew 3% — the company sold more goods or services than the prior year.

Total Assets

$29.7B

was $28.9B

+2.6%

Total assets grew 3% — the company's resource base expanded.

Risk Flags

0 high · 1 medium · 0 low
  • ◈ Medium

    Net income dropped 42% year-over-year — a significant compression in profitability.

Technical Signals

Daily closes · 1-year data

Tenet Healthcare Corp: common questions

Is Tenet Healthcare Corp profitable?

Yes. Tenet Healthcare Corp made a net profit of $2.4B in its latest fiscal year (fiscal 2025), a net margin of 11.1%.

Is Tenet Healthcare Corp's revenue growing?

Yes. Revenue grew 3.1% year on year, to $21.3B.

What is Tenet Healthcare Corp's P/E ratio?

Tenet Healthcare Corp trades at 10.3× its trailing twelve-month earnings. In other words, the share price is about 10 times the profit per share the company earned over the past year.

Does Tenet Healthcare Corp pay a dividend?

No dividend is currently expected from Tenet Healthcare Corp, according to the latest market data.

What are the main risks for Tenet Healthcare Corp?

Fisclear's checks flag 1 medium- or high-severity risk. The most serious: Net income dropped 42% year-over-year — a significant compression in profitability.

Answers are generated from the figures in this report (updated 10 Oct 2026). Information, not investment advice.

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Data sourced from SEC EDGAR, FRED (Federal Reserve Economic Data), and Yahoo Finance. For informational purposes only. Not financial advice.