Tenet Healthcare (THC) EV to EBIT (2010 - 2026)
Tenet Healthcare's EV to EBIT was 3.31 in Q2 2026, down 22.7% from 4.28 a year earlier and down 17.1% from the prior quarter.
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Analysis
Tenet Healthcare (THC) EV to EBIT (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Tenet Healthcare's EV to EBIT was 1.37 through Jun 30, 2026, down 10.8% 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%).
- The Q2 2026 figure marks the lowest quarterly EV to EBIT since Q4 2024.
- Compared with a year earlier, EV to EBIT was higher in five of the last eight quarters, with growth averaging 41.5%.
- The best year-over-year quarter for EV to EBIT over five years was Q3 2021 (growth of 350.0%); the worst was Q4 2024 (a decline of 43.4%).
- Per Business Quant data, THC's EV to EBIT in the three quarters before Q2 2026 was 4.00 (Q1 2026), 4.95 (Q4 2025) and 5.12 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 100.51 Bn | 96.52 Bn | - |
| 2 | Natera | 57.27 Bn | 52.95 Bn | 485.19 Mn |
| 3 | Quest Diagnostics | 26.09 Bn | 24.22 Bn | 1.03 Bn |
| 4 | Labcorp Holdings | 26.08 Bn | 23.83 Bn | 1.11 Bn |
| 5 | Tenet Healthcare | 22.29 Bn | 11.30 Bn | - |
| 6 | Guardant Health | 21.03 Bn | 17.09 Bn | 219.03 Mn |
| 7 | Fresenius Medical Care AG | 12.78 Bn | 4.73 Bn | 1.52 Bn |
| 8 | BrightSpring Health Services | 12.65 Bn | 10.98 Bn | 492.75 Mn |
| 9 | Davita | 12.13 Bn | 9.34 Bn | 1.16 Bn |
| 10 | Encompass Health | 12.05 Bn | 11.71 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 2.26 |
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();