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

282.82 3.64 −1.27%
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 invested capital

Alert me on Return on invested capital

Tenet Healthcare Corporation's return on invested capital over the twelve months to 30 September 2026 was 21.6%, up 8.2 percentage points from fiscal 2025 (13.5%). Over the past ten years it has ranged from 4.45% (fiscal 2015) to 23.3% (fiscal 2024); the current reading is higher than 91% of that period. That is above the Medical Care Facilities industry median of 5.47% and above the Healthcare sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2025 13.5% (9.85)
FY2024 23.3% 14.01
FY2023 9.29% 0.55
FY2022 8.74% (2.96)
FY2021 11.7% 2.95
FY2020 8.75% 2.31
FY2019 6.44% (0.33)
FY2018 6.77% 2.09
FY2017 4.68% (0.31)
FY2016 4.99% 0.54

Against its own ten years

Low 4.45% High 23.3%
Ten-year median 8.74%
Current reading's percentile 91

Return on invested capital against peers

Company Return on invested capital
CHE Chemed Corporation compare 22.1%
THC Tenet Healthcare Corporation 21.6%
PACS PACS Group, Inc. compare 19.3%
DVA DaVita Inc. compare 13.5%
ENSG The Ensign Group, Inc. compare 13.4%
CON Concentra Group Holdings Parent, Inc. compare 12.7%
EHC Encompass Health Corporation compare 12.1%
UHS Universal Health Services, Inc. compare 9.42%
FMS Fresenius Medical Care AG & Co. KGaA compare 5.47%
Medical Care Facilities industry median 5.47%
Healthcare sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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