Tenet Healthcare (THC) Financial Ratios: P/E, ROE & More

Tenet Healthcare (THC) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Tenet Healthcare had a P/E ratio of 12.41 (up from 3.75), return on equity of 27.0% (down from 57.8%), debt-to-equity of 1.61 (down from 1.68) and a current ratio of 1.76 (down from 1.78). A current ratio of 1.76 means current assets exceed current liabilities.

Tenet Healthcare Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	12.41	3.75	12.56	12.84	9.57	10.56
Forward P/E	12.20	11.76	13.40	9.55	13.95	13.98
P/S Ratio	0.82	0.58	0.37	0.28	0.45	0.24
P/B Ratio	1.95	1.40	1.39	1.15	2.06	1.46
Price/FCF	6.90	10.76	4.73	16.43	9.62	1.47
Price/OCF	4.93	5.86	3.23	4.87	5.58	1.24
PEG Ratio	0.80	1.66	2.91	4.77	1.60	0.50
Enterprise Value Ratios
EV/Revenue	1.52	1.21	1.23	1.17	1.21	1.08
EV/EBITDA	6.98	6.20	6.91	6.76	6.89	7.83
EV/EBIT	8.58	7.78	9.05	9.05	9.19	12.11
EV/FCF	12.79	22.42	15.64	70.09	25.88	6.63
Profitability & Returns
Return on Equity (ROE)	27.02%	57.83%	25.92%	22.58%	41.34%	31.79%
Return on Assets (ROA)	8.04%	7.03%	6.32%	5.68%	5.86%	3.89%
Return on Invested Capital (ROIC)	15.80%	12.35%	11.21%	9.55%	11.13%	9.02%
Return on Capital Employed (ROCE)	15.00%	13.10%	11.90%	11.00%	11.40%	7.00%
Leverage & Solvency Ratios
Debt/Equity	1.61	1.68	2.94	3.54	3.94	5.85
Debt/EBITDA	2.86	3.22	3.96	4.37	4.38	5.98
Debt/FCF	5.70	12.84	9.99	50.88	18.43	5.90
Liquidity Ratios
Current Ratio	1.76	1.78	1.51	1.34	1.39	1.48
Quick Ratio	1.51	1.54	1.09	1.09	1.22	1.20
Efficiency Ratios
Asset Turnover	0.73	0.72	0.74	0.70	0.71	0.70
Inventory Turnover	36.00	32.91	31.23	30.74	32.49	33.66
Yield & Distribution Ratios
Earnings Yield	8.06%	26.66%	7.96%	7.79%	10.44%	9.47%
FCF Yield	14.49%	9.30%	21.15%	6.09%	10.40%	68.05%
Buyback Yield	7.20%	6.60%	5.17%	-1.79%	-2.17%	-2.77%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Tenet Healthcare Financial Ratios

What is Tenet Healthcare's P/E ratio?

Tenet Healthcare's P/E ratio was 12.41 for fiscal 2025 (period ended Dec 31, 2025). It was 3.75 a year earlier.

What is Tenet Healthcare's return on equity?

Tenet Healthcare's return on equity (ROE) was 27.0% for fiscal 2025 (period ended Dec 31, 2025). It was 57.8% a year earlier.

What is Tenet Healthcare's debt-to-equity ratio?

Tenet Healthcare's debt-to-equity ratio was 1.61 for fiscal 2025 (period ended Dec 31, 2025). It was 1.68 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition