Tenet Healthcare (THC) EV to FCF (2010 - 2026)
Tenet Healthcare's (THC) EV to FCF came in at 5.96 for Q3 2026, down 49.6% from 11.84 a year earlier but up 19.9% from the prior quarter.
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Analysis
Tenet Healthcare (THC) EV to FCF (2010 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, EV to FCF at Tenet Healthcare was 3.55, down 41.6% year-over-year; for FY2025, it was 6.86, down 34.7% from FY2024.
- In prior years, Tenet Healthcare's EV to FCF was 10.50 in FY2024 (+95.4%), 5.37 in FY2023 (-72.5%), 19.57 in FY2022 (+106.7%) and 9.47 in FY2021 (+624.4%).
- Quarterly EV to FCF has run from a low of 4.61 in Q1 2026 to a high of 26.49 in Q3 2022 over five years.
- On a year-over-year basis, EV to FCF has declined in each of the last four quarters, with growth averaging 13.3% over the last eight quarters.
- The strongest year-over-year quarter for EV to FCF in the past five years was Q4 2021, with growth of 623.9%; the weakest was Q3 2023, with a decline of 73.7%.
- According to Business Quant data, EV to FCF for the three prior quarters was 4.97 (Q2 2026), 4.61 (Q1 2026) and 6.86 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - |
| 10 | Universal Health Services | 11.68 Bn | 11.18 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.96 |
| Jun 30, 2026 | 4.97 |
| Mar 31, 2026 | 4.61 |
| Dec 31, 2025 | 6.86 |
| Sep 30, 2025 | 11.84 |
| Jun 30, 2025 | 10.14 |
| Mar 31, 2025 | 8.69 |
| Dec 31, 2024 | 10.50 |
| Sep 30, 2024 | 6.00 |
| Jun 30, 2024 | 6.71 |
| Mar 31, 2024 | 5.99 |
| Dec 31, 2023 | 5.37 |
| Sep 30, 2023 | 6.98 |
| Jun 30, 2023 | 10.00 |
| Mar 31, 2023 | 16.27 |
| Dec 31, 2022 | 19.57 |
| Sep 30, 2022 | 26.49 |
| Jun 30, 2022 | 15.26 |
| Mar 31, 2022 | 17.92 |
| Dec 31, 2021 | 9.47 |
API Access
Tenet Healthcare EV to FCF 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-fcf&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();