Tenet Healthcare Corporation

Tenet Healthcare Corporation

THCยทNYSE

$164.84

+0.76%
HealthcareMedical - Care Facilities

Tenet Healthcare Corporation operates as a diversified healthcare services company. The company operates in three segments: Hospital Operations and Other, Ambulatory Care, and Conifer. Its general hospitals offer acute care services, operating and recovery rooms, radiology and respiratory therapy services, clinical laboratories, and pharmacies. The company also provides intensive and critical care, and coronary care units; cardiovascular, digestive disease, neurosciences, musculoskeletal, and obstetrics services; outpatient services, including physical therapy; cardiothoracic surgery, complex spinal surgery, neonatal intensive care, and neurosurgery services; quaternary care services in heart and kidney transplants; and limb-salvaging vascular procedure, acute level 1 trauma, intravascular stroke care, minimally invasive cardiac valve replacement, imaging, and telemedicine access services. In addition, it operates ambulatory surgery and urgent care centers, imaging centers, surgical hospitals, off-campus emergency departments, and micro-hospitals; and offers healthcare business process services in the areas of hospital and physician revenue cycle management, patient communications and engagement support, and value-based care solutions to hospitals, health systems, physician practices, employers, and other customers. As of February 09, 2022, the company operated 60 hospitals; and approximately 550 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers, and other care sites and clinics. Tenet Healthcare Corporation was incorporated in 1975 and is headquartered in Dallas, Texas.

At a Glance

Live Snapshot
Market Cap$14.20B
EPS15.6100
P/E Ratio10.56
Earnings Date07/28/2026
3Y+227.0%
5Y+4.0%
10Y+534.0%
3Y+58.0%
5Y-21.0%
10Y+197.0%
3Y+35.0%
5Y-724.0%
10Y-1135.0%
THC

Tenet Healthcare Corporation Cash Conversion Engine

THC ยท NYSE
Net Income1.41B
Depreciation & Amortization886.00M
Stock-Based Compensation104.00M
Change in Working Capital-44.00M
Others1.19B
Capital Expenditures-1.01B
Free Cash Flow2.53B

Cash Flow Quality Analysis

FCF Conversion Rate

179.8%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

28.5%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+126.7%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$44.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Tenet Healthcare Corporation Cash Flow Statement

THC โ€ข NYSE

Tenet Healthcare Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
1.4B
4.1B
1.3B
1B
1.5B
768M
171M
459M
-320M
176M
78M
76M
-104M
133M
94M
1.2B
197M
32M
-84M
-813M
886M
818M
870M
841M
855M
857M
850M
802M
870M
850M
797M
849M
545M
430M
398M
380M
413M
371M
336M
337M
0.0
-103M
52M
209M
250M
-128M
144M
147M
200M
41M
42M
30M
-67M
92M
81M
-952M
20M
-14M
2M
-68M
104M
67M
66M
56M
56M
44M
42M
46M
59M
68M
69M
51M
36M
32M
24M
22M
23M
33M
40M
0.0
1.2B
-2.9B
4M
119M
-332M
274M
344M
-41M
1.9B
1.1B
1.7B
1.3B
1.3B
826M
885M
758M
519M
520M
660M
1.1B
(0.0)
(1.3B)
(243M)
(161M)
(92M)
(12M)
(12M)
(25M)
(56M)
(33M)
(7M)
(8M)
(6M)
(13M)
(10M)
-34M
(43M)
(4M)
(162M)
(0.0)
-44M
136M
71M
-1.1B
-737M
1.6B
-318M
-364M
-1.5B
-1.7B
-1.6B
-1.7B
-1.1B
-920M
-985M
-888M
-747M
-734M
-628M
-975M
3.5B
2B
2.4B
1.1B
1.6B
3.4B
1.2B
1B
1.2B
558M
1B
687M
589M
593M
497M
472M
425M
208M
326M
-462M
INVESTING ACTIVITIES
-1B
-931M
-751M
-762M
-658M
-540M
-670M
-617M
-707M
-875M
-842M
-933M
-691M
-508M
-475M
-463M
-456M
-547M
-743M
-693M
-308M
-571M
-224M
-234M
-1.2B
-1.2B
-25M
-113M
-50M
-156M
-1.1B
-440M
-1.5B
-211M
-84M
-78M
(0.0)
-92M
-36M
-28M
(0.0)
-94M
-104M
-92M
-108M
-44M
-62M
-148M
-81M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-17M
-26M
-652M
-43M
0.0
63M
50M
76M
31M
59M
82M
199M
36M
62M
60M
52M
12M
17M
59M
84M
116M
232M
737M
33M
43M
5B
60M
204M
1.2B
94M
56M
564M
823M
539M
539M
-1M
31M
40M
-3M
37M
232M
159M
174M
352M
-1.3B
(3.4B)
-969M
-808M
-714M
-1.6B
-619M
-115M
(21M)
-430M
-1.3B
-1.3B
-2.2B
-662M
-503M
-420M
-125M
-274M
-520M
-379M
FINANCING ACTIVITIES
-1.4B
-672M
-200M
-250M
0.0
23M
12M
16M
7M
4M
-25M
26M
-378M
-418M
-374M
0.0
334M
0.0
0.0
0.0
-96M
-2.2B
-172M
-828M
-349M
525M
-482M
-289M
-406M
606M
889M
740M
1.8B
764M
137M
-285M
-406M
-1M
-22M
243M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-14M
-24M
-32M
(0.0)
(0.0)
(0.0)
(0.0)
-1.4B
-672M
-200M
-250M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-40M
(0.0)
-400M
-418M
-374M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-868M
-793M
-663M
-703M
-587M
-163M
-293M
-845M
-982M
-374M
-395M
-25M
-55M
-12M
-25M
-28M
-38M
2M
4M
9M
-2.4B
-3.7B
-1B
-1.8B
-936M
385M
-763M
-1.1B
-1.3B
232M
454M
715M
1.3B
320M
-286M
-337M
-117M
1M
-18M
252M
CASH FLOW SUMMARY
-136M
1.8B
370M
-1.5B
-82M
2.2B
-149M
-200M
-105M
360M
163M
80M
-251M
251M
-292M
-285M
183M
-65M
-212M
-589M
3B
1.2B
858M
2.4B
2.4B
262M
411M
611M
716M
356M
193M
113M
364M
113M
405M
690M
507M
572M
784M
1.4B
2.9B
3B
1.2B
858M
2.4B
2.4B
262M
411M
611M
716M
356M
193M
113M
364M
113M
405M
690M
507M
572M
784M
2.5B
1.1B
1.6B
321M
910M
2.9B
563M
432M
493M
-317M
184M
-246M
-102M
85M
22M
-4M
-31M
-339M
-403M
-1.1B

SEC Filings

THC - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 29, 2026
May 27, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 30, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 30, 2026
April 30, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 16, 2026
May 27, 2026
2026
8-K

8-K 2026

N/A

April 10, 2026
April 09, 2026
2026
8-K

8-K 2026

N/A

March 30, 2026
March 25, 2026
2026
10-K

10-K 2025 FY

FY

February 17, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 11, 2026
February 11, 2026
2026
8-K

8-K 2026

N/A

February 02, 2026
January 27, 2026
2026
8-K

8-K 2025

N/A

November 24, 2025
November 21, 2025
2025
Showing 1 to 10 of 665 filings