Tenet Healthcare (THC) EV to CFO (2010 - 2026)
Tenet Healthcare's (THC) EV to CFO stood at 4.68 in Q3 2026, down 34.8% from 7.18 a year earlier but up 25.0% from the prior quarter.
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Analysis
Tenet Healthcare (THC) EV to CFO (2010 - 2026) Analysis & Trends
On a TTM basis, Tenet Healthcare's EV to CFO came in at 2.79 as of Sep 30, 2026, down 24.4% year-over-year; for FY2025, it was 4.90, down 14.3% from FY2024.
- Across earlier years, EV to CFO came in at 5.72 in FY2024 (+55.8%), 3.67 in FY2023 (-36.7%), 5.80 in FY2022 (+5.6%) and 5.49 in FY2021 (+399.6%).
- Quarterly EV to CFO has ranged from 3.53 in Q1 2026 to 8.09 in Q1 2022 over the past five years.
- On a year-over-year basis, EV to CFO has declined for four consecutive quarters, with growth averaging 6.7% over the last eight quarters.
- Peak year-over-year performance for EV to CFO in the last five years was growth of 470.8% in Q1 2022, against a decline of 41.4% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.75 (Q2 2026), 3.53 (Q1 2026) and 4.90 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 108.44 Bn | 104.53 Bn | - |
| 2 | Natera | 46.38 Bn | 42.00 Bn | 513.47 Mn |
| 3 | Labcorp Holdings | 30.37 Bn | 28.45 Bn | 1.11 Bn |
| 4 | Quest Diagnostics | 28.52 Bn | 26.28 Bn | 1.04 Bn |
| 5 | Tenet Healthcare | 23.21 Bn | 12.51 Bn | - |
| 6 | Guardant Health | 21.35 Bn | 16.97 Bn | 236.15 Mn |
| 7 | Tempus AI | 15.33 Bn | 12.48 Bn | 266.70 Mn |
| 8 | BrightSpring Health Services | 14.30 Bn | 12.05 Bn | 518.55 Mn |
| 9 | Encompass Health | 13.86 Bn | 13.49 Bn | - |
| 10 | Davita | 11.86 Bn | 9.23 Bn | 1.13 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.68 |
| Jun 30, 2026 | 3.75 |
| Mar 31, 2026 | 3.53 |
| Dec 31, 2025 | 4.90 |
| Sep 30, 2025 | 7.18 |
| Jun 30, 2025 | 6.39 |
| Mar 31, 2025 | 5.39 |
| Dec 31, 2024 | 5.72 |
| Sep 30, 2024 | 4.48 |
| Jun 30, 2024 | 4.77 |
| Mar 31, 2024 | 4.19 |
| Dec 31, 2023 | 3.67 |
| Sep 30, 2023 | 4.03 |
| Jun 30, 2023 | 5.39 |
| Mar 31, 2023 | 5.76 |
| Dec 31, 2022 | 5.80 |
| Sep 30, 2022 | 6.32 |
| Jun 30, 2022 | 5.56 |
| Mar 31, 2022 | 8.09 |
| Dec 31, 2021 | 5.49 |
API Access
Tenet Healthcare EV to CFO 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=ev-to-cfo&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "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=ev-to-cfo&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();