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Friday 6 November 2026 Export THC’s income statement to Excel — free account

Tenet Healthcare Corporation

THC Healthcare Medical Care Facilities

Tenet Healthcare Corporation’s revenue for fiscal 2025 (year ended December 2025) was $21.3 billion, up 3.07% from fiscal 2024.

Revenue
+6.47%
EPS
+291.1%
Free cash flow
+39.2%
Total debt
+0.42%

Quarter to September 2026, against a year earlier

281.27 5.19 −1.81%
Market cap
$22.8B
P/E
7.6×
Fwd P/E
7.5×
Dividend yield
—
F-score
7/9
Altman Z
1.91
Beneish M
−2.67
Dividend safety
57/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Tenet Healthcare Corporation (THC) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Tenet Healthcare Corporation (THC) trades at a EV/EBITDA of 4.7×. Over the past ten years it has ranged from 3.1× (December 2024) to 10.9× (July 2015); the current reading is higher than 10% of that period. That is below the Medical Care Facilities industry median of 11.9× and below the Healthcare sector median of 8.4×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 6.4× 94.96%
FY2024 3.3× (47.76%)
FY2023 6.3× 3.86%
FY2022 6.1× 3.63%
FY2021 5.9× (3.32%)
FY2020 6.1× (20.37%)
FY2019 7.6× 16.87%
FY2018 6.5× (17.22%)
FY2017 7.9× 4.60%
FY2016 7.5× (16.12%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 4.3× 2.28%
Jun 2026 4.3× (17.23%)
Mar 2026 5.1× (19.96%)
Dec 2025 6.4× (1.13%)
43 more quarters

Against its own ten years

Low 3.1× High 10.9×
Ten-year median 6.7×
Current reading's percentile 10

EV/EBITDA against peers

Company EV/EBITDA
THC Tenet Healthcare Corporation 4.7×
FMS Fresenius Medical Care AG & Co. KGaA compare 5.1×
UHS Universal Health Services, Inc. compare 6.4×
DVA DaVita Inc. compare 8.0×
EHC Encompass Health Corporation compare 10.7×
CON Concentra Group Holdings Parent, Inc. compare 14.0×
PACS PACS Group, Inc. compare 16.2×
CHE Chemed Corporation compare 16.3×
ENSG The Ensign Group, Inc. compare 16.4×
Medical Care Facilities industry median 11.9×
Healthcare sector median 8.4×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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