Tenet Healthcare (THC) Shares Outstanding (Diluted) (2009 - 2026)
Tenet Healthcare's Shares Outstanding (Diluted) came in at 83.96 million for Q2 2026, down 8.5% from 91.79 million a year earlier and down 4.1% from the prior quarter.
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Analysis
Tenet Healthcare (THC) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025, Tenet Healthcare's Shares Outstanding (Diluted) was 90.83 million, down 7.2% from FY2024.
- Shares Outstanding (Diluted) has declined in each of the last three years, with a five-year compound annual growth rate of -3.1% (FY2020 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 97.88 million in FY2024 (-6.6%), 104.8 million in FY2023 (-5.2%), 110.52 million in FY2022 (+1.8%) and 108.57 million in FY2021 (+2.2%).
- The Q2 2026 figure represents the lowest quarterly Shares Outstanding (Diluted) in data going back to Q2 2009.
- Year-over-year, Shares Outstanding (Diluted) has declined for 14 consecutive quarters, with an average decline of 7.3% over the last eight quarters.
- The fastest year-over-year change in Shares Outstanding (Diluted) over five years came in Q1 2022 (growth of 3.7%), and the weakest in Q2 2026 (a decline of 8.5%).
- Business Quant data shows THC's Shares Outstanding (Diluted) at 87.6 million (Q1 2026), 90.83 million (Q4 2025) and 88.61 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 222.83 Mn |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 143.28 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 112.00 Mn |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 82.00 Mn |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 132.87 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 83.96 Mn |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 182.40 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 100.00 Mn |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 66.09 Mn |
| 10 | BrightSpring Health Services | 11.17 Bn | 9.51 Bn | 492.75 Mn | 220.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.96 Mn |
| Mar 31, 2026 | 87.60 Mn |
| Dec 31, 2025 | 90.83 Mn |
| Sep 30, 2025 | 88.61 Mn |
| Jun 30, 2025 | 91.79 Mn |
| Mar 31, 2025 | 95.02 Mn |
| Dec 31, 2024 | 97.88 Mn |
| Sep 30, 2024 | 96.65 Mn |
| Jun 30, 2024 | 98.44 Mn |
| Mar 31, 2024 | 100.60 Mn |
| Dec 31, 2023 | 104.80 Mn |
| Sep 30, 2023 | 104.43 Mn |
| Jun 30, 2023 | 104.78 Mn |
| Mar 31, 2023 | 106.01 Mn |
| Dec 31, 2022 | 110.52 Mn |
| Sep 30, 2022 | 109.89 Mn |
| Jun 30, 2022 | 108.75 Mn |
| Mar 31, 2022 | 112.02 Mn |
| Dec 31, 2021 | 108.57 Mn |
| Sep 30, 2021 | 108.76 Mn |
API Access
Tenet Healthcare Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=THC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "THC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=THC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();