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Tenet Healthcare THC Net debt / EBITDA

Net debt / EBITDA at other companies

Universal Health Services logo
Universal Health ServicesUHS
1.9×-0.2×
HCA Healthcare logo
HCA HealthcareHCA
3.6×+0.1×
Community Health Systems logo
Community Health SystemsCYH
5.7×-2.8×
Nutex Health Inc. logo
Nutex Health Inc.NUTX
0.4×-0.6×
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Surgery Partners, Inc.SGRY
8.5×-0.9×
ARD
Ardent Health PartnersARDT
1.1×0.0×

Other financials

Income statement

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Revenue$5.6B+6.8%
Operating income$1.5B+82.4%
Net income$1.0B+100%
EPS (diluted)$9.84+213%

Balance sheet

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Cash & equivalents$2.2B-17.3%
Total debt$13.4B+1.1%
Total equity$4.7B+24.2%
Total assets$30.7B+6.9%

Cash flow

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Operating cash flow$585.0M-37.5%
CapEx$168.0M-13.0%
Free cash flow$417.0M-43.9%

Valuation

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Market cap$21.08B+49.8%
Enterprise value$32.31B+30.8%
P/E6.6×+0.8×
P/S+0.3×

Profitability

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Operating margin20.8%+3.0pp
Net margin14.6%+3.0pp
FCF margin13.9%

Returns & leverage

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Return on equity75.5%+9.1pp
Debt / equity2.9×-0.7×
Current ratio1.4×-0.3×

Where this comes from

Calculated from Tenet Healthcare’s reported figures.

Based on the most recent quarter.

The source filing: Tenet Healthcare’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000070318-26-000037

FAQ

What is Tenet Healthcare's net debt / EBITDA?
Tenet Healthcare (THC) reported net debt / EBITDA of 2.1× in Q2 2026.
How has Tenet Healthcare's net debt / EBITDA changed year-over-year?
Tenet Healthcare's net debt / EBITDA decreased by 12.6% year-over-year, from 2.4× to 2.1×.
What is the long-term trend for Tenet Healthcare's net debt / EBITDA?
Over 4 years (2021 to 2025), Tenet Healthcare's net debt / EBITDA has grown at a -8.5% compound annual growth rate (CAGR), from 3.9× to 2.8×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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