Tenet Healthcare (THC) FCF Payout Ratio (2009 - 2026)
Tenet Healthcare (THC) posted FCF Payout Ratio of 0.02 for Q2 2026, down 94.26% sequentially from 0.38 in Q1 2026, and down 91.33% YoY from 0.25 in Q2 2025.
Analysis
Tenet Healthcare (THC) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Tenet Healthcare has reported FCF Payout Ratio for 18 years, with the latest figure at 0.02 in Q2 2026.
- Quarterly FCF Payout Ratio fell 91.33% year-over-year to 0.02 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.33 (down 30.31% YoY) and the FY2025 annual result came in at 0.32, down 47.6% from the prior year.
- FCF Payout Ratio fell to 0.02 in Q2 2026 per THC's latest filing, from 0.38 in the prior quarter.
- Over five years, FCF Payout Ratio peaked at 1.85 in Q1 2022 and troughed at 5.3 in Q2 2022.
- A 5-year average of 0.14 and a median of 0.29 in 2023 frame the typical range for FCF Payout Ratio.
- The widest YoY moves for FCF Payout Ratio: up 5575.65% in 2022, down 801.37% in 2022.
- Over 5 years, FCF Payout Ratio stood at 0.98 in 2022, then sank by 71.92% to 0.27 in 2023, then sank by 202.02% to 0.28 in 2024, then jumped by 318.08% to 0.61 in 2025, then slumped by 96.46% to 0.02 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.02, 0.38, and 0.61 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 90.36 Bn | 89.35 Bn | 15.19 Bn | 0.15 |
| 2 | Tenet Healthcare | 22.02 Bn | 19.85 Bn | 4.45 Bn | 0.02 |
| 3 | Encompass Health | 12.13 Bn | 11.99 Bn | 1.34 Bn | 0.30 |
| 4 | Davita | 11.78 Bn | 11.09 Bn | 1.16 Bn | 0.20 |
| 5 | Universal Health Services | 10.09 Bn | 9.95 Bn | 3.29 Bn | 0.06 |
| 6 | Ensign | 9.97 Bn | 9.65 Bn | 306.24 Mn | 0.03 |
| 7 | Chemed | 6.93 Bn | 6.89 Bn | 221.47 Mn | 0.11 |
| 8 | Pacs | 6.81 Bn | 6.64 Bn | 338.46 Mn | - |
| 9 | Concentra Group Holdings Parent | 4.32 Bn | 4.16 Bn | 192.10 Mn | 0.07 |
| 10 | Option Care Health | 3.74 Bn | 3.55 Bn | 267.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.02 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.61 |
| Sep 30, 2025 | 0.27 |
| Jun 30, 2025 | 0.25 |
| Mar 31, 2025 | 0.29 |
| Dec 31, 2024 | -0.28 |
| Sep 30, 2024 | 0.21 |
| Jun 30, 2024 | 0.27 |
| Mar 31, 2024 | 0.47 |
| Dec 31, 2023 | 0.27 |
| Sep 30, 2023 | 0.47 |
| Jun 30, 2023 | 0.29 |
| Mar 31, 2023 | 0.63 |
| Dec 31, 2022 | 0.98 |
| Sep 30, 2022 | 0.81 |
| Jun 30, 2022 | -5.30 |
| Mar 31, 2022 | 1.85 |
| Dec 31, 2021 | 2.02 |
| Sep 30, 2021 | 0.01 |