Tenet Healthcare (THC) FCF Payout Ratio (2009 - 2026)

Tenet Healthcare's (THC) quarterly FCF Payout Ratio came in at 0.13 in Q1 2026, down 54.2% year-on-year from 0.29 in Q1 2025, and up 1137.15% quarter-over-quarter from 0.01 in Q4 2025.

Tenet Healthcare (THC) FCF Payout Ratio (2009 - 2026) Analysis & Trends

Tenet Healthcare has disclosed FCF Payout Ratio across 18 years of filings, most recently posting 0.13 for Q1 2026.

  • FCF Payout Ratio for Q1 2026 came in at 0.13, down 54.2% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.03 (down 94.04% YoY), and the FY2025 annual result was 0.04, down 94.04% from the prior year.
  • FCF Payout Ratio came in at 0.13 for Q1 2026 at Tenet Healthcare, up from 0.01 in the prior quarter.
  • In the past five years, FCF Payout Ratio ranged from a high of 3.21 in Q2 2022 to a low of 0.84 in Q4 2024.
  • The 5-year median for FCF Payout Ratio is 0.21 (2022), against an average of 0.38.
  • Across the five-year window, FCF Payout Ratio surged 38088.36% in 2022 and slumped 881.41% in 2025, its largest moves.
  • Tenet Healthcare's FCF Payout Ratio stood at 0.3 in 2022, then soared by 154.65% to 0.76 in 2023, then sank by 210.55% to 0.84 in 2024, then jumped by 101.3% to 0.01 in 2025, then soared by 1137.15% to 0.13 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.13 (Q1 2026), 0.01 (Q4 2025), and 0.37 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 0.21
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 0.13
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 0.39
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 0.38
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 0.04
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 0.04
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 0.60
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 0.11
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 0.00
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 0.81

Historic Data

Download Data
DateValue
Mar 31, 2026 0.13
Dec 31, 2025 0.01
Sep 30, 2025 -0.37
Jun 30, 2025 0.25
Mar 31, 2025 0.29
Dec 31, 2024 -0.84
Sep 30, 2024 0.05
Jun 30, 2024 -0.12
Mar 31, 2024 0.47
Dec 31, 2023 0.76
Sep 30, 2023 -0.44
Jun 30, 2023 0.49
Mar 31, 2023 0.19
Dec 31, 2022 0.30
Sep 30, 2022 0.21
Jun 30, 2022 3.21
Mar 31, 2022 1.85
Dec 31, 2021 2.02
Sep 30, 2021 0.01
Jun 30, 2021 0.02