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

282.05 4.41 −1.54%
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

Tenet Healthcare Corporation (THC) Return on equity

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Tenet Healthcare Corporation's return on equity over the twelve months to 30 September 2026 was 43.9%, up 20.2 percentage points from fiscal 2025 (23.8%). Over the past ten years it has ranged from −86.9% (fiscal 2017) to 71.6% (fiscal 2024); the current reading is higher than 73% of that period. That is above the Medical Care Facilities industry median of 5.03% and above the Healthcare sector median of −26.3%.

Return on equity, annual

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Annual newest first

Period Return on equity Change (points)
FY2025 23.8% (47.84)
FY2024 71.6% 49.69
FY2023 21.9% 3.71
FY2022 18.2% (42.91)
FY2021 61.1% 3.04
FY2020 58.1% 96.34
FY2019 −38.3% (55.23)
FY2018 17.0% 103.83
FY2017 −86.9% (68.04)
FY2016 −18.8% (2.76)

Against its own ten years

Low −86.9% High 71.6%
Ten-year median 18.2%
Current reading's percentile 73

Return on equity against peers

Company Return on equity
CON Concentra Group Holdings Parent, Inc. compare 47.9%
THC Tenet Healthcare Corporation 43.9%
UHS Universal Health Services, Inc. compare 40.0%
CHE Chemed Corporation compare 29.1%
PACS PACS Group, Inc. compare 26.5%
EHC Encompass Health Corporation compare 19.4%
ENSG The Ensign Group, Inc. compare 17.0%
FMS Fresenius Medical Care AG & Co. KGaA compare 5.90%
DVA DaVita Inc. compare −277.7%
Medical Care Facilities industry median 5.03%
Healthcare sector median −26.3%
Market median 0.51%

What Return on equity is

ROE shows how much profit a company earns for its shareholders on the equity they have in the business.

Annual: Net Income Allotted to Shareholders ÷ Average Common Equity; TTM: Net Income Allotted to Shareholders ÷ Average Common Equity (latest quarter)

The full definition of Return on equity →

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