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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

284.19 2.27 −0.79%
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/FCF

Alert me on EV/FCF

As of 5 November 2026, Tenet Healthcare Corporation (THC) trades at a EV/FCF of 10.1×. Over the past ten years it has ranged from −124× (April 2019) to 854× (July 2015); the current reading is higher than 28% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 11.1× (44.43%)
FY2024 20.1× 51.41%
FY2023 13.2× (78.14%)
FY2022 60.6× 150.63%
FY2021 24.2× 297.00%
FY2020 6.1× (81.38%)
FY2019 32.7× (12.56%)
FY2018 37.4× 15.77%
FY2017 32.3× —
FY2016 −50.7× —

Quarterly newest first

Period EV/FCF Change
Sep 2026 9.3× 5.61%
Jun 2026 8.8× 11.12%
Mar 2026 7.9× (28.69%)
Dec 2025 11.1× (40.35%)
43 more quarters

Against its own ten years

Low −124× High 854×
Ten-year median 18.5×
Current reading's percentile 17

EV/FCF against peers

Company EV/FCF
FMS Fresenius Medical Care AG & Co. KGaA compare 9.6×
THC Tenet Healthcare Corporation 10.1×
UHS Universal Health Services, Inc. compare 15.1×
DVA DaVita Inc. compare 15.2×
PACS PACS Group, Inc. compare 18.0×
ENSG The Ensign Group, Inc. compare 20.3×
CHE Chemed Corporation compare 24.1×
CON Concentra Group Holdings Parent, Inc. compare 25.6×
EHC Encompass Health Corporation compare 38.3×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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