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Tenet Healthcare THC Stock-Based Comp

Stock-Based Comp at other companies

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$22.5M+4.2%
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HCA HealthcareHCA
$85M-14.1%
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$2M-33.3%
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Surgery Partners, Inc.SGRY
$5.8M-23.7%
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$8.93M-3.6%
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BrightSpring Health Services, Inc.BTSG
$3.68M-76.6%

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

Reported directly by Tenet Healthcare in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

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

Filed
Jul 29, 2026, 4:27 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0000070318-26-000037
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization444414
Deferred income tax expense9711
Stock-based compensation expense6941
Impairment and restructuring charges, and acquisition-related costs5543
Litigation and investigation costs3045
Net losses (gains) on sales, consolidation and deconsolidation of facilities(34)16
Equity in earnings of unconsolidated affiliates, net of distributions received(11)(8)

Item 1. Financial Statements (Unaudited)

FAQ

What is Tenet Healthcare's stock-based comp?
Tenet Healthcare (THC) reported stock-based comp of $44M in Q2 2026.
How has Tenet Healthcare's stock-based comp changed year-over-year?
Tenet Healthcare's stock-based comp increased by 120.0% year-over-year, from $20M to $44M.
What is the long-term trend for Tenet Healthcare's stock-based comp?
Over 4 years (2021 to 2025), Tenet Healthcare's stock-based comp has grown at a 16.7% compound annual growth rate (CAGR), from $56M to $104M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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