Tenet Healthcare (THC) Enterprise Value (2009 - 2026)
Tenet Healthcare (THC) recorded Enterprise Value of $19.84 billion in Q3 2026, up 11.6% from $17.79 billion a year earlier and up 32.0% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Enterprise Value (2009 - 2026) Analysis & Trends
On a TTM basis, Tenet Healthcare's Enterprise Value came in at $11.82 billion as of Sep 30, 2026, up 29.3% year-over-year; for FY2025, it was $17.35 billion, up 48.1% from FY2024.
- Annual Enterprise Value has increased for three straight years, with a five-year compound annual growth rate of 35.9% (FY2020 to FY2025).
- Across earlier years, Enterprise Value came in at $11.72 billion in FY2024 (+34.4%), $8.72 billion in FY2023 (+38.8%), $6.28 billion in FY2022 (-27.1%) and $8.61 billion in FY2021 (+129.9%).
- The Q3 2026 figure is the highest quarterly Enterprise Value in data going back to Q2 2009.
- On a year-over-year basis, Enterprise Value rose in seven of the last eight quarters, with growth averaging 22.5%.
- Peak year-over-year performance for Enterprise Value in the last five years was growth of 129.9% in Q4 2021, against a decline of 27.1% in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $15.04 billion (Q2 2026), $15.42 billion (Q1 2026) and $17.35 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - |
| 10 | Davita | 12.21 Bn | 9.59 Bn | 1.13 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.84 Bn |
| Jun 30, 2026 | 15.04 Bn |
| Mar 31, 2026 | 15.42 Bn |
| Dec 31, 2025 | 17.35 Bn |
| Sep 30, 2025 | 17.79 Bn |
| Jun 30, 2025 | 15.75 Bn |
| Mar 31, 2025 | 12.27 Bn |
| Dec 31, 2024 | 11.72 Bn |
| Sep 30, 2024 | 14.36 Bn |
| Jun 30, 2024 | 12.68 Bn |
| Mar 31, 2024 | 10.51 Bn |
| Dec 31, 2023 | 8.72 Bn |
| Sep 30, 2023 | 7.94 Bn |
| Jun 30, 2023 | 9.61 Bn |
| Mar 31, 2023 | 7.52 Bn |
| Dec 31, 2022 | 6.28 Bn |
| Sep 30, 2022 | 6.44 Bn |
| Jun 30, 2022 | 6.32 Bn |
| Mar 31, 2022 | 10.21 Bn |
| Dec 31, 2021 | 8.61 Bn |
API Access
Tenet Healthcare Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();