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Tenet Healthcare Corporation

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

Revenue growth 3 yrs

284.31 2.15 −0.75%

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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

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Tenet Healthcare Corporation (THC) Price to free cash flow

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As of 5 November 2026, Tenet Healthcare Corporation (THC) trades at a price to free cash flow of 6.9×. Over the past ten years it has ranged from 0.0× (June 2019) to 251× (July 2015); the current reading is higher than 53% of that period. That is below the Medical Care Facilities industry median of 16.0× and below the Healthcare sector median of 21.1×.

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<iframe src="https://stockrow.com/embed/THC/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Tenet Healthcare Corporation price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/THC/metrics/price-to-free-cash-flow">Tenet Healthcare Corporation (THC) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2025	7.1×	(35.40%)
FY2024	11.0×	130.20%
FY2023	4.8×	(70.82%)
FY2022	16.3×	70.13%
FY2021	9.6×	555.75%
FY2020	1.5×	(79.06%)
FY2019	7.0×	72.40%
FY2018	4.1×	24.17%
FY2017	3.3×	—
FY2016	0.0×	—

Period	Price to free cash flow	Change
Sep 2026	6.2×	19.05%
Jun 2026	5.2×	5.68%
Mar 2026	4.9×	(30.93%)
Dec 2025	7.1×	(40.44%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 251×

Ten-year median 6.6×

Current reading's percentile 53

Company	Price to free cash flow
FMS Fresenius Medical Care AG & Co. KGaA compare	6.1×
THC Tenet Healthcare Corporation	6.9×
DVA DaVita Inc. compare	8.4×
UHS Universal Health Services, Inc. compare	10.3×
PACS PACS Group, Inc. compare	17.7×
CON Concentra Group Holdings Parent, Inc. compare	20.2×
ENSG The Ensign Group, Inc. compare	20.6×
CHE Chemed Corporation compare	23.5×
EHC Encompass Health Corporation compare	32.4×
Medical Care Facilities industry median	16.0×
Healthcare sector median	21.1×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Tenet Healthcare Corporation (THC) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Price to free cash flow against peers

What Price to free cash flow is

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