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| Date | Value |
|---|---|
| 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 |