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TENET HEALTHCARE CORP

THC

$286.37 ▼ -5.84 (-2.00%) at close

19 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

TENET HEALTHCARE CORP shows strong fundamentals with top-quartile Return on Common Equity (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $25.8B

Dividend Yield —

Revenue Growth 3.1% ↗

Op. Margin 16.5% ↘

ROIC 70.3% ↘

FCF / Share $28.06 ↗

Trailing P/E 18.4x

Price / Book 6.1x

FCF Yield 9.8%

Debt / Equity —

info Valuation on last close. End-of-day price, Nov 5, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$21.31B

↑ +3.1% —

Net Income Profit after all expenses

$2.37B

↓ -41.8% —

Operating Margin Operating profit as % of sales

16.5%

↓ -42.9% 70th

FCF / Share Free cash flow per share

$28.06

↑ +143.7% —

trending_up

Bullish Indicators

Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↓

Financial Health ↑

Cash Quality ↑

Financial view

Statement lens

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	3.1% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-62%)	0.6% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-92%)	7.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-10%)	-1.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-120%)	10.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+31%)	-4.5% Weak ↑ Weak Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-157%)	0.9% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-89%)	-11.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-239%)	—	—	—	—	—	—	—	—	—	—	—
EPS Growth YoY (%)	-52.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	449.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	56.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-55.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	125.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	-262.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-36.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	N/M	175.5% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-94.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	507.9% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	660.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	-41.8% Weak ↓ Weak Declining Year-over-year change in net income	210.0% Excellent ↑ Excellent Improving Year-over-year change in net income	31.0% Excellent ↓ Excellent Declining Year-over-year change in net income	-32.2% Weak ↓ Weak Declining Year-over-year change in net income	92.2% Excellent ↓ Excellent Declining Year-over-year change in net income	349.1% Excellent Excellent Year-over-year change in net income	-63.3% Weak Weak Year-over-year change in net income	N/M	N/M	125.6% Excellent Excellent Year-over-year change in net income	2.6% Caution Caution Year-over-year change in net income	N/M	N/M	41.5% Excellent ↓ Excellent Declining Year-over-year change in net income	-91.6% Weak ↓ Weak Declining Year-over-year change in net income	518.2% Excellent Excellent Year-over-year change in net income	624.0% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	143.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-27.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	431.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-64.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	-68.8% Weak ↓ Weak Declining Year-over-year change in free cash flow	401.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	28.7% Excellent Excellent Year-over-year change in free cash flow	-13.7% Weak Weak Year-over-year change in free cash flow	N/M	N/M	N/M	-150.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	N/M	-80.3% Weak ↓ Weak Declining Year-over-year change in free cash flow	8.8% Fair ↓ Fair Declining Year-over-year change in free cash flow	10.1% Fair Fair Year-over-year change in free cash flow	102.7% Excellent Excellent Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	3.6% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	2.0% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	5.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	1.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	2.1% Caution Caution Compound annual revenue growth over 3 years	-5.1% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—	—	—	—	—	—	—	—	—	—
Revenue CAGR 5Y (%)	3.9% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	2.3% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	2.3% Caution Caution Compound annual revenue growth over 5 years	-1.4% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EPS CAGR 3Y (%)	59.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	56.9% Excellent → Excellent Stable Compound annual EPS growth over 3 years	16.5% Excellent Excellent Compound annual EPS growth over 3 years	—	98.7% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	-37.4% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	—	-3.9% Weak Weak Compound annual EPS growth over 3 years	34.8% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	16.5% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	28.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+92%)	12.2% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	12.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	14.7% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	8.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-45%)	9.0% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	5.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	—	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	15.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	22.6% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.9% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.8% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	-14.5% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	50.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.5% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-216.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.0% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	47.2% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	11.1% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-7%)	19.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+64%)	6.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-47%)	5.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-56%)	7.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-37%)	4.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	0.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-92%)	2.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	-1.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-113%)	—	—	—	—	—	—	—	—	—	—
FCF Margin (%) (%)	11.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	5.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.9% Caution → Caution Stable Free cash flow as a percentage of revenue Optimal: > 10%	1.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	4.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	16.3% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	3.0% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	2.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	2.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	—	—	—	—	—	—
FCF / Net Income (x)	1.07x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.27x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.24x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	0.32x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.62x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.73x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.29x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-1.54x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.80x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.36x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-3.24x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.65x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	5.29x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.42x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.35x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	8.32x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%)	70.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	110.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	126.6% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	152.0% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	218.5% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	8130.5% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	-184.3% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-1002.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-2398.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	218.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	80.7% Excellent → Excellent Stable Return earned on debt + equity capital invested Optimal: > 10%	112.3% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	69.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	51.8% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	36.3% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	28.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	65.8% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	11.8% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	20.6% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	8.9% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	8.6% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	10.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	4.8% Caution → Caution Stable Operating profit relative to total assets Optimal: > 10%	5.0% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	4.5% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	5.2% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	4.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	8.3% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.7% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	7.5% Fair Fair Operating profit relative to total assets Optimal: > 10%	6.8% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	56.1% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+274%)	97.4% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+550%)	81.5% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+444%)	87.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+484%)	143.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+857%)	—	-41.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-373%)	—	217.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+1351%)	42.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+181%)	11.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	11.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	-13.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-192%)	11.6% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	6.6% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-56%)	63.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+322%)	28.0% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+87%)	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Interest Coverage (x)	4.06x Fair → Fair Stable Operating income divided by interest expense Optimal: > 5x	7.00x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	2.79x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.62x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.11x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	1.98x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.56x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.64x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.08x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.27x Weak → Weak Stable Operating income divided by interest expense Optimal: > 5x	1.16x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.23x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.40x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.82x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.74x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	1.50x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.21x Weak Weak Operating income divided by interest expense Optimal: > 5x	0.74x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-2.88B	$-3.02B	$-1.23B	$-858.00M	$-2.36B	$-2.45B	$-262.00M	$-411.00M	$-611.00M	$-716.00M	$-356.00M	$-193.00M	$-113.00M	$-364.00M	$-113.00M	$-405.00M	$-690.00M	$-507.00M	$-572.00M

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$236.38	$213.36	$202.17	$179.32	$182.39	$167.98	$178.72	$179.35	$204.92	—	—	—	—	—	—	—	—	—	—
Basic EPS, GAAP (USD)	$15.61	$33.02	$6.01	$3.84	$8.55	$3.80	$-2.08	$1.09	$-7.00	$-1.93	$-1.41	$0.12	$-1.32	$1.35	$0.49	$9.24	$1.52	$0.20	—
Free Cash Flow per Share (USD)	$28.06	$11.52	$15.97	$3.00	$8.52	$27.30	$5.44	$4.23	$4.90	$-3.19	$1.86	$-2.52	$-1.00	$0.83	$4.24	$3.90	$3.54	$1.75	—
Book Value per Share (USD)	$46.81	$43.04	$15.82	$10.68	$9.62	$0.27	$-4.03	$-1.17	$-1.46	$4.20	$6.97	$6.66	$7.43	$10.97	$12.14	$14.59	$5.38	—	—
Tangible Book Value per Share (USD)	$-92.36	$-81.70	$-99.05	$-97.31	$-91.08	$-98.85	$-89.66	$-89.42	$-88.78	$-89.14	$-80.21	$-44.48	$-38.53	$2.18	$5.86	$5.55	$-2.83	—	—
Basic Weighted Avg Shares (shares)	90.15M	96.90M	101.64M	106.93M	106.83M	105.01M	103.40M	102.11M	100.59M	99.32M	99.17M	97.80M	101.65M	104.20M	117.18M	121.08M	120.06M	119.09M	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD)	$3.39B	$3.37B	$2.41B	$1.50B	$1.97B	$2.30B	$876.00M	$779.00M	$1.24B	$1.22B	$863.00M	$393.00M	$599.00M	$918.00M	$542.00M	$586.00M	$689.00M	—	—
Total Equity (USD)	$4.22B	$4.17B	$1.61B	$1.14B	$1.03B	$28.00M	$-417.00M	$-119.00M	$-147.00M	$417.00M	$691.00M	$651.00M	$755.00M	$1.14B	$1.42B	$1.77B	$646.00M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$21.31B	$20.68B	$20.55B	$19.17B	$19.48B	$17.64B	$18.48B	$18.31B	$20.61B	—	—	—	—	—	—	—	—	—	—
Depreciation Expense (USD)	$863.00M	$818.00M	$870.00M	$841.00M	$855.00M	$857.00M	$850.00M	$802.00M	$870.00M	$850.00M	$797.00M	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$2.37B	$4.06B	$1.31B	$1.00B	$1.48B	$768.00M	$171.00M	$466.00M	$-320.00M	$176.00M	$78.00M	$76.00M	$-104.00M	$133.00M	$94.00M	$1.12B	$181.00M	$25.00M	—
Operating Cash Flow (USD)	$3.54B	$2.05B	$2.37B	$1.08B	$1.57B	$3.41B	$1.23B	$1.05B	$1.20B	$558.00M	$1.03B	$687.00M	$589.00M	$593.00M	$497.00M	$472.00M	$425.00M	$208.00M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 19 years · 73 quarters

TENET HEALTHCARE CORP

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