Tenet Healthcare (THC) Return on Capital Employed (2010 - 2026)

Tenet Healthcare's (THC) quarterly Return on Capital Employed came in at 15.9% in Q1 2026, up 123.0% year-on-year from 7.13% in Q1 2025, and up 13.67% quarter-over-quarter from 13.98% in Q4 2025.

Tenet Healthcare (THC) Return on Capital Employed (2010 - 2026) Analysis & Trends

Tenet Healthcare has disclosed Return on Capital Employed across 17 years of filings, most recently posting 15.9% for Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 15.9%, up 123.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.9% (up 123.0% YoY), and the FY2025 annual result was 14.12%, down 1038.0% from the prior year.
  • Return on Capital Employed came in at 15.9% for Q1 2026 at Tenet Healthcare, up from 13.98% in the prior quarter.
  • In the past five years, Return on Capital Employed ranged from a high of 24.68% in Q3 2024 to a low of 8.76% in Q4 2022.
  • The 5-year median for Return on Capital Employed is 13.98% (2025), against an average of 14.91%.
  • Across the five-year window, Return on Capital Employed surged 1484 bps in 2024 and slumped 1050 bps in 2025, its largest moves.
  • Tenet Healthcare's Return on Capital Employed stood at 8.76% in 2022, then advanced by 4 bps to 9.13% in 2023, then surged by 163 bps to 23.97% in 2024, then slumped by 42 bps to 13.98% in 2025, then climbed by 14 bps to 15.9% in 2026.
  • The last three Return on Capital Employed figures came in at 15.9% (Q1 2026), 13.98% (Q4 2025), and 14.19% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn -18.08%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 15.90%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 14.27%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn -2.33%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 9.57%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 16.52%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 12.19%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 26.99%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 8.38%
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 13.68%

Historic Data

Download Data
DateValue
Mar 31, 2026 15.90%
Dec 31, 2025 13.98%
Sep 30, 2025 14.19%
Jun 30, 2025 14.88%
Mar 31, 2025 14.67%
Dec 31, 2024 23.97%
Sep 30, 2024 24.68%
Jun 30, 2024 22.67%
Mar 31, 2024 22.39%
Dec 31, 2023 9.13%
Sep 30, 2023 10.07%
Jun 30, 2023 10.19%
Mar 31, 2023 9.99%
Dec 31, 2022 8.76%
Sep 30, 2022 11.29%
Jun 30, 2022 13.32%
Mar 31, 2022 13.36%
Dec 31, 2021 10.94%
Sep 30, 2021 14.57%
Jun 30, 2021 10.44%