Tenet Healthcare (THC)
Health Care · Hospital and healthcare services operator
A nationwide hospital and ambulatory surgery network with deep expertise in acute, specialty, and emergency care, backed by value-based care and revenue cycle management services.
What Tenet Healthcare does
Tenet Healthcare is a diversified healthcare services company that operates 50 acute care and specialty hospitals across eight states, along with 132 outpatient facilities including urgent care centers and imaging centers, and owns significant interests in 533 ambulatory surgery centers through its USPI subsidiary. The company provides hospital operations, emergency care, specialized medical services, and revenue cycle management and value-based care solutions to hospitals, health systems, and physicians through its Conifer Health Solutions platform.
Themes: ["Hospital networks / acute care delivery","Ambulatory surgery centers","Revenue cycle management","Value-based care","Specialty care services","Emergency medicine"]
Fundamentals
- Price$206.77 as of 2026-07-09 close
- Market cap$17.9B as of 2026-07-10
- 1-year return+20.6% as of 2026-07-09 close
- P/E10.51 as of 2026-07-10
- Net margin+7.8% as of 2026-07-10
- Gross margin+82.5% as of 2026-07-10
- ROE+40.6% as of 2026-07-10
- Debt / equity2.74 as of 2026-07-10
- Revenue growth (YoY)+6.6% as of 2026-07-10
- Revenue CAGR (3y)+3.6% SEC XBRL
- Beta1.27 as of 2026-07-10
Key risks (from latest filing)
["Exposure to healthcare reimbursement pressure from government programs (Medicare/Medicaid) and private payers, with potential adverse changes to reimbursement rates.","Significant debt burden ($13.1 billion long-term debt as of March 2026) creates refinancing and interest rate risks in a volatile capital market environment.","Operational complexity across a geographically diverse network of hospitals and ASCs creates exposure to regional economic downturns, labor cost inflation, and supply chain disruptions."]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.