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