Tenet Healthcare (THC) EV to EBIT (2010 - 2026)
Tenet Healthcare's EV to EBIT was 3.67 in Q3 2026, down 28.2% from 5.12 a year earlier but up 10.9% from the prior quarter.
Powered by 
Analysis
Tenet Healthcare (THC) EV to EBIT (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tenet Healthcare's EV to EBIT was 2.19 through Sep 30, 2026, down 16.8% year-over-year; for FY2025, it was 4.95, up 151.5% from FY2024.
- In earlier years, EV to EBIT was 1.97 in FY2024 (-43.4%), 3.47 in FY2023 (+29.0%), 2.69 in FY2022 (-10.3%) and 3.00 in FY2021 (+59.3%).
- Quarterly EV to EBIT has moved between 1.97 (Q4 2024) and 5.12 (Q3 2025) over five years.
- Compared with a year earlier, EV to EBIT was higher in five of the last eight quarters, with growth averaging 41.6%.
- The best year-over-year quarter for EV to EBIT over five years was Q4 2025 (growth of 151.5%); the worst was Q4 2024 (a decline of 43.4%).
- Per Business Quant data, THC's EV to EBIT in the three quarters before Q3 2026 was 3.31 (Q2 2026), 4.00 (Q1 2026) and 4.95 (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 | 3.67 |
| Jun 30, 2026 | 3.31 |
| Mar 31, 2026 | 4.00 |
| Dec 31, 2025 | 4.95 |
| Sep 30, 2025 | 5.12 |
| Jun 30, 2025 | 4.28 |
| Mar 31, 2025 | 3.40 |
| Dec 31, 2024 | 1.97 |
| Sep 30, 2024 | 2.45 |
| Jun 30, 2024 | 2.37 |
| Mar 31, 2024 | 2.03 |
| Dec 31, 2023 | 3.47 |
| Sep 30, 2023 | 3.44 |
| Jun 30, 2023 | 4.11 |
| Mar 31, 2023 | 3.28 |
| Dec 31, 2022 | 2.69 |
| Sep 30, 2022 | 2.53 |
| Jun 30, 2022 | 2.13 |
| Mar 31, 2022 | 3.41 |
| Dec 31, 2021 | 3.00 |
API Access
Tenet Healthcare EV to EBIT 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-ebit&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "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-ebit&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();