OakChart

Tenet Healthcare Corp

THCHealthcare·Medical Care Facilities·USA·Large·NYSE·Nov 11 • 12:49 PM ET

287.28-2.99 (-1.03%)
2026-11-11 18:49 CET
Market cap
23,102.01 USD m
Revenue, TTM
22,154.00 USD m
Net income, TTM
2,899.00 USD m
Free cash flow, TTM
3,328.00 USD m
EPS diluted, TTM
34.48
P/E
8.33
Compare

Price

THC against its 20, 50 and 200-day averages
2050200beat
150.00200.00250.00300.002.3M4.6MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26THCclose 287.2920-day 274.8450-day 266.72200-day 223.83287.2952w high52w low

4.7% under the 52-week high of 301.44 on 5 Nov 2026. 52-week low 157.58 on 8 Jun 2026. Last 15 sessions, 18.0% high to low

Profile

THC
52-week range, 90% of the way up
157.58301.44

Tenet Healthcare Corp. engages in the provision of healthcare services. It operates through the Hospital Operations and Ambulatory Care segments. The Hospital Operations segment is composed of acute care hospitals, ancillary outpatient facilities, urgent care centers, micro hospitals and physician practices. The Ambulatory Care segment includes the operations of the USPI joint venture and the company's nine Aspen facilities in the United Kingdom. The company was founded in 1969 and is headquartered in Dallas, TX.

IndexRUI
Employees99000
IPOApr 28, 1971
Beta1.19
ATR, 14d10.81
Rel volume0.52
Short float2.25%
Insider own0.95%
Inst own102.68%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap22.86B
Enterprise Value37.58B
Income2.90B
Sales22.15B
Book/sh68.41
Cash/sh33.60
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout0.00%
Employees99000
IPOApr 28, 1971

Ratios

P/E8.33
Forward P/E14.12
PEG1.46
P/S1.03
P/B4.20
P/C8.55
P/FCF6.87
EV/EBITDA7.93
EV/Sales1.70
Quick Ratio1.52
Current Ratio1.58
Debt/Eq2.43
LT Debt/Eq2.40
Option/ShortYes / Yes

Earnings

EPS (ttm)34.48
EPS next Y20.35
EPS next Q5.32
EPS this Y34.51%
EPS next Y-9.83%
EPS next 5Y9.66%
EPS past 3/5Y60.90% 32.77%
Sales past 3/5Y3.58% 3.85%
EPS Y/Y TTM136.09%
Sales Y/Y TTM6.23%
EPS Q/Q221.46%
Sales Q/Q6.47%
EarningsOct 29 BMO
EPS/Sales Surpr.42.01% 2.59%

Ownership

Insider Own0.95%
Insider Trans-20.49%
Inst Own102.68%
Inst Trans-6.08%
ROA9.50%
ROE61.30%
ROIC15.65%
Gross Margin17.37%
Oper. Margin17.37%
Profit Margin13.09%
SMA204.53%
SMA507.71%
SMA20028.35%
Trades-

Technical

Shs Outstand79.58M
Shs Float78.83M
Short Float2.25%
Short Ratio2.28
Short Interest1.78M
52W High301.44 -4.70%
52W Low157.58 82.31%
Volatility4.09% 3.73%
ATR (14)10.81
RSI (14)61.13
Beta1.19
Rel Volume0.52
Avg Volume780.55K
Volume218,402

Performance

Perf Week-1.70%
Perf Month7.63%
Perf Quarter7.58%
Perf Half Y46.68%
Perf YTD44.57%
Perf Year44.86%
Perf 3Y434.09%
Perf 5Y262.09%
Perf 10Y1874.47%
Recom1.45
Target Price308.67
Prev Close290.27
Price287.28
Change %-1.03%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 23, 2026InitiatedBBMO Capital MarketsMarket Perform$265-7.8%
Oct 14, 2025ResumedGGoldmanBuy$224-22.0%
Jul 28, 2025DowngradeWWolfe ResearchOutperform → Peer Perform
May 29, 2025UpgradeWWells FargoEqual Weight → Overweight$195-32.1%
Apr 15, 2025DowngradeRRobert W. BairdOutperform → Neutral$137-52.3%
Mar 26, 2025InitiatedMMorgan StanleyOverweight$165-42.6%
Feb 26, 2025InitiatedTTD CowenBuy$175-39.1%
Dec 17, 2024ResumedJJP MorganOverweight$175-39.1%
Dec 16, 2024DowngradeGGoldmanBuy → Neutral$196 → $140-51.3%
Nov 25, 2024DowngradeWWells FargoOverweight → Equal Weight$205 → $150-47.8%

Peers

Mkt cap
TickerCompanyMkt cap
HCAHCA Healthcare Inc104.29B
UHSUniversal Health Services Inc11.19B
CYHCommunity Health Systems Inc305.32M
SGRYSurgery Partners Inc3.47B
ARDTArdent Health Inc2.56B
EHCEncompass Health Corp13.88B
AUNAAuna SA350.08M
NUTXNutex Health Inc1.32B
ELVElevance Health Inc91.74B
UNHUnitedhealth Group Inc356.86B

Insider trading

latest 14 of 40
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
KERREY J ROBERTDirectorSep 14 '26Sale263.7212,0103,167,3304,794Sep 16 08:00 PM
MARK RICHARD JDirectorSep 10 '26Sale263.4210,0002,634,20025,121Sep 14 08:00 PM
KERREY J ROBERTDirectorSep 14 '26Proposed Sale267.5012,0103,212,675Sep 14 02:28 PM
MARK RICHARD JDirectorSep 10 '26Proposed Sale263.4210,0002,634,155Sep 10 03:58 PM
West NadjaDirectorSep 02 '26Sale258.801,152298,13823,653Sep 03 08:00 PM
West NadjaDirectorSep 02 '26Proposed Sale258.801,152298,138Sep 02 03:12 PM
Foo Lisa YEVP, Chief Operating OfficerAug 31 '26Sale266.3224,0006,391,6808,053Sep 01 08:00 PM
Foo Lisa YOfficerAug 31 '26Proposed Sale266.3224,0006,391,579Aug 31 04:35 PM
HANEY CECIL DDirectorAug 24 '26Sale278.031,300361,43912,553Aug 26 08:00 PM
Sutaria SaumyaCEOAug 24 '26Sale278.7150,00013,935,259483,564Aug 26 08:00 PM
Sutaria SaumyaCEOAug 25 '26Sale274.0250,00013,701,076433,564Aug 26 08:00 PM
Sutaria SaumyaOfficerAug 25 '26Proposed Sale274.0250,00013,701,028Aug 25 02:09 PM
HANEY CECIL DDirectorAug 24 '26Proposed Sale278.031,300361,439Aug 24 05:15 PM
Sutaria SaumyaOfficerAug 24 '26Proposed Sale278.7050,00013,935,240Aug 24 04:41 PM

Held by

AUM
TickerCompanyAUM
IJHiShares Core S&P Mid-Cap ETFAUM: 124.48B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
VFLOVictoryShares Free Cash Flow ETFAUM: 12.50B
VXFVanguard Extended Market Index ETFAUM: 30.47B
MDYState Street SPDR S&P MIDCAP 400 ETF TrustAUM: 26.22B
COWZPacer US Cash Cows 100 ETFAUM: 19.59B
IJKiShares S&P Mid-Cap 400 Growth ETFAUM: 10.46B
SPMDState Street SPDR Portfolio S&P 400TM Mid Cap ETFAUM: 18.90B

News

latest 14 of 206
  • ELF Beauty, Palomar Lead Five Stocks Near Buy Points In Ailing, Volatile Market (Investor's Business Daily)
  • Hospital Leader Tenet Healthcare Soars Above Buy Point As Earnings Growth Accelerates (Investor's Business Daily)
  • Oscar Slips As LifeStance, HCA Climb On Earnings, Payment Hike (Investor's Business Daily)
  • Where Trump and the Dems Can Meet in the Middle (Barrons.com)
  • Hospitals under pressure? This surgery-center chain is up 40.8% since April (Investing.com)
  • Loading…
  • Healthcare Stocks Bounce on Midterm Results. A Bull Market Case Is Developing. (Barrons.com) +9.58%
  • Hospital stocks rally while drugmakers brace for scrutiny. Here's what the Democratic wave means for healthcare. (MarketWatch)
  • Health insurers, hospitals rally after sweeping midterm win for Democrats (Reuters)
  • HCA Healthcare, Centene, Oscar Ride Blue Wave To Buy Points (Investor's Business Daily)
  • Stock Market Election Night: Dow Futures, AI Stocks, Elon Musk In Focus; AMD, Arista Lead Earnings Winners (Live) (Investor's Business Daily)
  • Election Odds Favor a Blue Wave. These Stocks Could Pop. (Barrons.com)
  • LifeStance Health Flirts With Latest Buy Point Despite Ongoing Stock Market Weakness (Investor's Business Daily)
  • Investors Are Betting a Blue Wave Will Help Hospitals. Don't Count on It. (The Wall Street Journal)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-296.6404.67612.4105,6315,48920
2026Q22026-07-236.1204.2619.8385,6285,43218
2026Q12026-04-304.8204.1658.0145,3685,39318
2025Q42026-02-114.7004.0654.2205,5275,47218
2025Q32025-10-283.7003.3373.8605,2895,25517
2025Q22025-07-224.0202.8753.1385,2715,16118
2025Q12025-04-294.3603.1244.2735,2235,13818
2024Q42025-02-123.4402.9523.3175,0725,16814
2024Q32024-10-292.9302.3654.8945,1225,04915
2024Q22024-07-242.3101.8972.6415,1034,98917
2024Q12024-04-303.2201.45321.3825,3685,14815
2023Q42024-02-082.6801.6022.3425,3795,27215
2023Q32023-10-301.4401.1960.9675,0665,02415
2023Q22023-07-311.4401.2491.1745,0824,91117
2023Q12023-04-251.4201.1551.3495,0214,84318
2022Q42023-02-091.9601.2280.9594,9904,91215

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY1.8601.6401.06918,29918,205
2019FY2.6802.675-2.07918,47818,431
2020FY7.9204.0323.75517,64017,564
2021FY7.5806.2318.41819,48519,623
2022FY6.8006.1233.71919,17419,100
2023FY6.9805.8375.83020,54820,450
2024FY11.88011.32132.69320,66520,774
2025FY16.78016.09515.49021,31021,270
2026FY-22.571--22,317
2027FY-20.352--22,539
2028FY-22.127--23,535
2029FY-27.100--24,513

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-10181135,6835,6045,971
2026Q4S2026-11-04171125,6795,6045,971
2026Q4S2026-11-02180135,6725,6045,820
2026Q4S2026-10-30180125,6765,6045,820
2026Q4S2026-10-29180105,6875,6045,820
2026Q4S2026-10-2018005,7425,6735,820
2026Q4S2026-10-1018105,7425,6735,820
2026Q4S2026-10-0918215,7425,6735,820
2026Q4S2026-10-0718215,7425,6735,820
2026Q4S2026-09-2118615,7425,6735,820
2026Q4S2026-08-2717615,7435,6735,820
2026Q4S2026-08-2417615,7425,6735,820
2026Q4S2026-08-1217615,7425,6735,820
2026Q4S2026-08-0617615,7425,6735,820

Estimate history

EPS, annual-6.9991.069-2.0793.7558.4183.7195.8332.69315.4934.4784
Period201720182019202020212022202320242025TTM
EPS, quarterly4.8943.3174.2733.1383.864.228.0149.83812.407
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual19179183131847917640194851917420548206752131022154
Period201720182019202020212022202320242025TTM
Sales, quarterly512250725223527152895527536856285631
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual100.972102.537104.197106.07107.189102.24799.9595.10986.95279.584
Period201720182019202020212022202320242025MRQ
Shares, quarterly95.08395.10992.88588.34487.86786.95286.12480.50779.584
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue22,154.0021,310.0020,675.0020,548.0019,174.0019,485.0017,640.0018,479.0018,313.00
Cost of Goods Sold Incl. D&A18,305.0017,871.0017,758.0018,121.0016,900.0017,226.0016,354.0016,746.0016,699.00
Gross Profit3,849.003,439.002,917.002,427.002,274.002,259.001,286.001,733.001,614.00
Selling, General and Administrative Excl. Other----56.0041.0028.0030.00-
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income3,849.003,439.002,917.002,427.002,218.002,218.001,258.001,703.001,614.00
Interest Expense817.00821.00826.00901.00890.00923.001,003.00985.001,004.00
Unusual Expense-1,241.00198.00145.00195.00405.00275.00650.00553.00246.00
Net Income Before Taxes4,732.002,800.005,248.001,617.001,344.001,888.00671.00320.00639.00
Income Taxes918.00433.001,184.00306.00344.00411.00-97.00160.00176.00
Consolidated Net Income3,814.002,367.004,064.001,311.001,000.001,477.00768.00160.00463.00
Net Income From Continuing Operations2,899.001,407.003,200.00611.00410.00915.00399.00-226.00108.00
Net Income2,899.001,407.003,200.00611.00411.00914.00399.00-215.00111.00
EPS (Recurring)25.1917.0233.737.136.2810.198.041.662.73
EPS (Basic, Before Extraordinaries)34.7115.6133.026.013.848.563.80-2.081.09
EPS (Diluted)34.4815.4932.695.833.728.423.75-2.081.07
EBITDA4,741.004,302.003,735.003,297.003,059.003,073.002,115.002,553.002,416.00
Non-Operating Income (Expense)459.00380.003,302.00286.00421.00868.001,066.00155.00275.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense101.9182.1652.9352.1444.2440.8832.1230.6636.34
Price To Earnings Ratio8.428.424.0416.999.619.7110.76-15.97
Price To Sales Ratio0.930.850.600.390.280.460.240.210.10
Gross Margin17.3716.1414.1111.8111.8611.597.299.388.81
Operating Margin17.3716.1414.1111.8111.5711.387.139.228.81
Net Margin13.096.6015.482.972.144.692.26-1.160.61
Shares Outstanding79.5886.9595.1199.95102.25107.19106.07104.20102.54
Market Capitalization23,102.0123,102.0112,004.097,674.285,275.328,751.124,213.293,951.131,756.82

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue5,631.005,628.005,368.005,527.005,289.005,271.005,223.005,072.00
Cost of Goods Sold Incl. D&A4,557.004,604.004,486.004,658.004,472.004,419.004,322.004,296.00
Gross Profit1,074.001,024.00882.00869.00817.00852.00901.00776.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,074.001,024.00882.00869.00817.00852.00901.00776.00
Interest Expense203.00204.00205.00205.00206.00206.00204.00203.00
Unusual Expense-598.00-379.00-362.0098.0012.0052.0036.0043.00
Net Income Before Taxes1,579.001,340.001,132.00681.00712.00642.00765.00655.00
Income Taxes360.00295.00226.0037.00133.00120.00143.0083.00
Consolidated Net Income1,219.001,045.00906.00644.00579.00522.00622.00572.00
Net Income From Continuing Operations1,000.00826.00702.00371.00342.00288.00406.00318.00
Net Income1,000.00826.00702.00371.00342.00288.00406.00318.00
EPS (Recurring)7.216.685.125.003.953.534.543.63
EPS (Basic, Before Extraordinaries)12.489.898.094.253.893.164.313.34
EPS (Diluted)12.419.848.014.223.863.144.273.32
EBITDA1,291.001,239.001,111.001,100.001,035.001,060.001,107.00969.00
Non-Operating Income (Expense)110.00141.0093.00115.00113.0048.00104.00125.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense27.6534.7619.7519.7530.0215.8016.5925.92
Price To Earnings Ratio8.429.7312.1813.6213.0011.644.174.04
Price To Sales Ratio0.930.720.770.820.860.780.620.59
Gross Margin19.0718.1916.4315.7215.4516.1617.2515.30
Operating Margin19.0718.1916.4315.7215.4516.1617.2515.30
Net Margin17.7614.6813.086.716.475.467.776.27
Shares Outstanding79.5880.5186.1286.9587.8788.3492.8995.11
Market Capitalization23,102.0116,114.5116,410.7917,464.5117,938.7916,347.7612,793.7712,004.09

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,883.003,019.001,228.00858.002,364.002,446.00262.00411.00611.00
Short Term Receivables3,855.003,615.003,993.003,128.002,951.002,898.002,921.002,894.002,933.00
Inventories348.00346.00411.00405.00384.00368.00310.00305.00289.00
Other Current Assets763.00702.001,535.001,590.001,376.001,435.001,588.001,026.001,740.00
Total Current Assets7,849.007,682.007,167.005,981.007,075.007,147.005,081.004,636.005,573.00
Net Property, Plant & Equipment7,449.007,086.007,319.007,591.007,429.007,754.007,790.006,993.007,030.00
Total Investments and Advances1,442.001,532.001,560.001,629.001,815.001,027.00980.00996.001,014.00
Long-Term Note Receivable121.00274.00334.00197.00213.00206.00213.00231.00266.00
Intangible Assets12,546.0012,088.0011,675.0011,547.0010,758.0010,408.008,854.009,012.008,784.00
Deferred Tax Assets84.0080.0077.0019.0065.00325.00183.00312.00455.00
Other Assets186.00194.00180.00192.00224.00239.00264.00229.00263.00
Total Assets29,677.0028,936.0028,312.0027,156.0027,579.0027,106.0023,365.0022,409.0023,385.00
Short Term Debt Incl. Current Port. of LT Debt293.00296.00324.00352.00336.00333.00330.00182.00146.00
Accounts Payable1,360.001,294.001,408.001,504.001,300.001,207.001,204.001,093.001,096.00
Income Tax Payable0.0018.00-------
Other Current Liabilities2,810.002,702.003,028.002,620.003,473.003,307.002,671.002,582.003,090.00
Total Current Liabilities4,463.004,310.004,760.004,476.005,109.004,847.004,205.003,857.004,332.00
Long Term Debt14,135.0014,031.0015,889.0015,980.0016,435.0016,573.0015,438.0014,644.0014,791.00
Provision for Risks Charges951.00900.00792.00790.00791.00735.00635.001,187.001,190.00
Deferred Tax Liabilities240.00227.00326.00217.0036.0029.0027.0036.0036.00
Other Liabilities915.00921.001,037.001,085.00951.002,033.001,117.00578.00631.00
Total Liabilities20,704.0020,389.0022,804.0022,548.0023,322.0024,217.0021,422.0020,302.0020,980.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity4,220.004,171.001,608.001,142.001,028.0028.00-417.00-119.00-147.00
Total Shareholders Equity4,220.004,171.001,608.001,142.001,028.0028.00-417.00-119.00-147.00
Accumulated Minority Interest4,753.004,376.003,900.003,466.003,229.002,861.002,360.002,226.002,552.00
Total Equity8,973.008,547.005,508.004,608.004,257.002,889.001,943.002,107.002,405.00
Total Liabilities & Stockholders Equity29,677.0028,936.0028,312.0027,156.0027,579.0027,106.0023,365.0022,409.0023,385.00
Book Value Per Share48.5343.8516.0911.179.590.26-4.00-1.16-1.46
Tangible Book Value Per Share-95.75-83.24-100.72-101.76-90.77-97.86-88.98-89.05-88.45
Full-Time Employees99,00098,000106,500102,400101,100110,000113,600115,500125,820
Price to Book Ratio4.243.135.244.268.52151.26-10.68-14.7763.68
Return on Assets4.8011.182.201.503.351.58-0.990.47-2.93
Return on Equity33.54110.7544.4437.79173.30----521.48
Return on Invested Capital7.6717.583.492.405.232.40-1.430.76-4.81
Quick Ratio1.681.701.421.251.311.401.131.121.22
Current Ratio1.761.781.511.341.381.471.211.201.29

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income3,814.002,367.004,064.001,311.001,001.001,476.00768.00171.00466.00
Depreciation892.00863.00818.00870.00841.00855.00857.00850.00802.00
Other Funds (Non Cash)295.00282.00-2,715.0070.00177.00169.00318.00386.00168.00
Funds from Operations5,283.003,521.002,064.002,303.002,228.002,750.001,815.001,551.001,586.00
Extraordinary Item0.000.000.000.00-2.00-445.000.000.000.00
Changes in Working Capital-1,045.0019.00-17.0071.00-1,143.00-737.001,592.00-318.00-537.00
Income Taxes Payable23.00-25.0016.0010.00-26.0068.0019.008.00-3.00
Cash from Operating Activities4,238.003,540.002,047.002,374.001,083.001,568.003,407.001,233.001,049.00
Capital Expenditures-910.00-1,010.00-931.00-751.00-762.00-658.00-541.00-694.00-617.00
Net Assets From Acquisitions-830.00-400.00-771.00-391.00-334.00-1,247.00-1,216.00-36.00-760.00
Sale of Fixed Assets and Businesses79.0080.005,004.00114.00237.001,273.0091.00101.00563.00
Purchase or Sale of Investments-50.003.00-31.00-54.00-92.00-108.00-44.00-62.00-127.00
Purchase of Investments-143.00-90.00-94.00-104.00-92.00-108.00-44.00-62.00-127.00
Sale Or Maturity of Investments93.0093.0063.0050.000.000.000.000.000.00
Other Uses-26.000.00-19.00-11.00-6.00-7.00-0.00-15.00
Other Sources-9.002.000.000.0076.0031.0077.0082.00214.00
Cash from Investing Activities-1,746.00-1,325.003,252.00-1,093.00-881.00-716.00-1,633.00-609.00-742.00
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-1,813.00-1,386.00-672.00-200.00-250.000.0023.0012.0016.00
Repurchase of Common Pref Stock-1,813.00-1,386.00-672.00-200.00-250.000.000.000.000.00
Sale of Common Pref Stock0.000.000.000.000.000.0023.0012.0016.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-127.00-128.00-2,220.00-188.00-852.00-380.00477.00-482.00-289.00
Change in Long Term Debt-127.00-128.00-2,220.00-188.00-852.00-380.00477.00-482.00-289.00
Issuance of Long Term Debt4,242.002,244.0023.001,354.001,999.002,841.004,510.008,289.00973.00
Reduction of Long Term Debt-4,369.00-2,372.00-2,243.00-1,542.00-2,851.00-3,221.00-4,033.00-8,771.00-1,262.00
Net Financing Active Other Cash Flow-853.00-837.00-616.00-523.00-606.00-554.00-90.00-303.00-234.00
Other Financing Activities Uses-925.00-892.00-1,016.00-594.00-606.00-554.00-287.00-307.00-288.00
Cash from Financing Activities-2,793.00-2,351.00-3,508.00-911.00-1,708.00-934.00410.00-773.00-507.00
Net Change in Cash-301.00-136.001,791.00370.00-1,506.00-82.002,184.00-149.00-200.00
Free Cash Flow3,328.002,530.001,116.001,623.00321.00910.002,867.00563.00432.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow6.197.1311.074.8816.809.751.486.984.12
Deferred Taxes & Investment Tax Credit-9.00-103.0052.00209.00250.00-128.00144.00150.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments2,674.002,170.002,967.002,883.002,975.002,625.00
Short Term Receivables4,549.004,619.004,362.003,855.003,778.003,701.00
Inventories340.00338.00343.00348.00346.00338.00
Other Current Assets865.00700.00684.00763.00711.00634.00
Total Current Assets8,428.007,827.008,356.007,849.007,810.007,298.00
Net Property, Plant & Equipment6,290.006,258.006,251.007,449.006,091.006,024.00
Total Investments and Advances0.000.000.001,442.000.000.00
Intangible Assets12,867.0012,718.0012,703.0012,546.0012,506.0012,307.00
Deferred Tax Assets49.0071.0084.0084.0072.0076.00
Other Assets3,958.003,802.003,809.00186.002,939.002,994.00
Total Assets31,592.0030,676.0031,203.0029,677.0029,418.0028,699.00
Short Term Debt Incl. Current Port. of LT Debt164.00160.0081.00293.0085.0084.00
Accounts Payable1,387.001,371.001,339.001,360.001,356.001,360.00
Income Tax Payable22.0069.00236.000.0028.0025.00
Other Current Liabilities3,745.003,967.004,496.002,810.003,091.002,802.00
Total Current Liabilities5,318.005,567.006,152.004,463.004,560.004,271.00
Long Term Debt13,079.0013,088.0013,128.0014,135.0013,102.0013,091.00
Provision for Risks Charges979.00978.00938.00951.00891.00873.00
Deferred Tax Liabilities529.00325.00199.00240.00269.00230.00
Other Liabilities2,093.002,018.001,936.00915.001,896.001,932.00
Total Liabilities21,998.0021,976.0022,353.0020,704.0020,718.0020,397.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity5,444.004,658.004,814.004,220.004,014.003,749.00
Total Shareholders Equity5,444.004,658.004,814.004,220.004,014.003,749.00
Accumulated Minority Interest4,150.004,042.004,036.004,753.004,686.004,553.00
Total Equity9,594.008,700.008,850.008,973.008,700.008,302.00
Total Liabilities & Stockholders Equity31,592.0030,676.0031,203.0029,677.0029,418.0028,699.00
Book Value Per Share68.4157.8655.9048.5345.6842.44
Tangible Book Value Per Share-93.27-100.12-91.60-95.75-96.65-96.87
Full-Time Employees---99,000--
Price to Book Ratio4.243.353.894.354.783.91
Return on Assets9.507.555.644.804.615.12
Return on Equity61.3053.3137.8733.5434.5141.09
Return on Invested Capital5.404.653.912.022.001.71
Quick Ratio1.521.351.301.681.641.63
Current Ratio1.581.411.361.761.711.71

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,219.001,045.00906.00644.00579.00522.00
Depreciation217.00215.00229.00231.00218.00208.00
Other Funds (Non Cash)78.000.00110.00107.0027.00100.00
Funds from Operations1,741.001,397.001,205.00940.00864.00837.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-460.00-812.00436.00-209.00194.0099.00
Income Taxes Payable-31.00-165.00259.00-40.005.00-122.00
Cash from Operating Activities1,281.00585.001,641.00731.001,058.00936.00
Capital Expenditures-198.00-168.00-180.00-364.00-280.00-193.00
Net Assets From Acquisitions-96.00-18.00-670.00-46.00-128.00-158.00
Sale of Fixed Assets and Businesses23.0013.008.0035.0013.0010.00
Purchase or Sale of Investments-45.00-51.00-26.0072.00-31.00-21.00
Purchase of Investments-45.00-51.00-26.00-21.00-31.00-21.00
Sale Or Maturity of Investments0.000.000.0093.000.000.00
Other Uses-4.00-8.00-14.000.001.00-1.00
Other Sources15.0029.0022.00-75.0040.0018.00
Cash from Investing Activities-305.00-203.00-860.00-378.00-385.00-345.00
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-255.00-1,042.00-318.00-198.00-93.00-747.00
Repurchase of Common Pref Stock-255.00-1,042.00-318.00-198.00-93.00-747.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-37.00-12.00-19.00-59.00-22.00-16.00
Change in Long Term Debt-37.00-12.00-19.00-59.00-22.00-16.00
Issuance of Long Term Debt1,991.0014.0014.002,223.006.0014.00
Reduction of Long Term Debt-2,028.00-26.00-33.00-2,282.00-28.00-30.00
Net Financing Active Other Cash Flow-180.00-125.00-360.00-188.00-208.00-202.00
Other Financing Activities Uses-213.00-125.00-360.00-227.00-224.00-202.00
Cash from Financing Activities-472.00-1,179.00-697.00-445.00-323.00-965.00
Net Change in Cash504.00-797.0084.00-92.00350.00-374.00
Free Cash Flow1,083.00417.001,461.00367.00778.00743.00
Price to Free Cash Flow6.195.204.946.9111.9810.40

Revenue breakdown

United States2024: 20.68B 2025: 21.31B
Ambulatory Care2024: 4.53B 2025: 5.17B
Hospital Operations2024: 16.14B 2025: 16.14B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.25%1.8M78.8M755.48K
2026-10-152.30%1.8M79.8M895.18K
2026-09-302.29%1.8M79.8M1.02M
2026-09-152.53%2.0M79.8M1.10M
2026-08-312.37%1.9M79.7M1.23M
2026-08-143.17%2.5M79.6M1.35M
2026-07-314.02%3.2M79.7M1.48M
2026-07-153.50%3.0M85.2M1.48M
2026-06-304.39%3.7M85.2M1.45M
2026-06-154.77%4.1M85.0M1.40M
2026-05-293.84%3.3M85.2M1.32M
2026-05-152.93%2.5M85.2M1.25M
2026-04-302.56%2.2M85.2M1.23M
2026-04-152.79%2.4M86.0M1.09M
2026-03-312.65%2.3M86.0M1.04M
2026-03-132.89%2.5M86.0M980.93K
2026-02-273.03%2.6M86.0M944.70K
2026-02-133.21%2.8M86.0M1.01M
2026-01-303.12%2.7M87.2M901.24K
2026-01-153.12%2.7M87.2M961.55K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call85.00201.12050.005.0330.000.000.999-0.0380.002
call90.00196.2199.90.004.6310.000.000.999-0.0390.002
call95.00191.2195168.34.4631.000.000.999-0.0390.002
call100186.11900.004.2710.000.000.999-0.0400.002
call105181.2185164.34.1861.000.000.998-0.0400.002
call1101761800.003.8830.000.000.998-0.0410.002
call115171.2175.10.003.8120.000.000.998-0.0410.002
call120166170.10.003.6810.000.000.998-0.0420.003
call125161.2165.10.003.5000.000.000.998-0.0420.003
call130156.2160135.73.3012.000.000.998-0.0420.003
call135151.2155.10.003.1870.000.000.998-0.0430.003
call140146.1150.30.003.1520.000.000.998-0.0430.003
call145141.2145.30.002.9710.000.000.998-0.0440.003
call150136.1140.11242.7971.000.000.998-0.0440.003
call155131.5135.1105.92.6532.000.000.998-0.0450.003
call160126.5130.10.002.5800.000.000.997-0.0450.004
call165121.5125.198.202.4442.000.000.997-0.0450.004
call170116.5120.193.102.3546.000.000.997-0.0460.004
call175111.5115.1101.52.2267.000.000.997-0.0460.004
call180106.5110.283.102.12116.000.000.997-0.0460.004
call185101.5105.286.092.03782.000.000.997-0.0470.004
call19096.5010073.381.9005.000.000.997-0.0470.005
call19591.5095.2074.801.8374.000.000.996-0.0480.005
call20086.5090.2081.801.75728.000.000.996-0.0480.005
call21076.3080.2075.601.53813.000.000.996-0.0480.006
call22066.5070.1066.701.3447.000.000.995-0.0490.007
call23056.9059.7060.511.1301480.000.966-0.1750.034
call24046.7049.7050.690.9631400.000.961-0.1690.038
call25036.9039.9041.000.81088.000.000.930-0.2350.060
call26027.1030.2033.250.68253.000.000.911-0.2230.072
call27018.7021.3016.900.5904700.000.813-0.3400.121
call28010.6013.2013.460.5016040.000.654-0.4620.166
call2905.107.105.800.4564483.000.469-0.4730.179
call3002.103.202.600.4324724.000.281-0.3820.152
call3100.751.652.050.4589160.000.160-0.2880.110
call3200.001.703.000.5821200.000.131-0.3140.096
call3300.001.950.550.68058.000.000.115-0.3350.088
call3400.001.600.880.81426.000.000.095-0.3440.076
call3500.000.750.680.74126.000.000.055-0.2090.050
call3600.000.754.090.8344.000.000.050-0.2180.047
call3700.000.951.450.9161160.000.046-0.2250.044
call3800.000.750.000.9920.000.000.043-0.2310.041
call3900.000.750.001.0630.000.000.041-0.2360.040
call4000.000.950.441.1362.000.000.039-0.2410.038
put85.000.002.150.002.7320.000.00-0.001-0.0280.002
put90.000.002.150.002.6070.000.00-0.001-0.0280.002
put95.000.002.150.002.4890.000.00-0.001-0.0280.002
put1000.002.151.812.3775.000.00-0.001-0.0280.002
put1050.002.150.002.2690.000.00-0.002-0.0280.002
put1100.002.150.102.1703.000.00-0.002-0.0280.002
put1150.002.150.002.0730.000.00-0.002-0.0280.002
put1200.002.152.001.9811.000.00-0.002-0.0280.003
put1250.000.950.001.8900.000.00-0.002-0.0280.003
put1300.000.752.051.8040.000.00-0.002-0.0280.003
put1350.002.150.451.7250.000.00-0.002-0.0270.003
put1400.002.150.501.6466.000.00-0.002-0.0270.003
put1450.001.050.651.60921.000.00-0.002-0.0280.003
put1500.002.150.451.50338.000.00-0.002-0.0270.003
put1550.002.156.601.4316.000.00-0.002-0.0270.003
put1600.002.150.601.36218.000.00-0.003-0.0270.004
put1650.002.150.481.2968.000.00-0.003-0.0270.004
put1700.000.050.091.2211540.00-0.003-0.0250.004
put1750.002.150.101.1787.000.00-0.003-0.0260.004
put1800.002.150.431.1162.000.00-0.003-0.0260.004
put1850.000.100.051.04236.000.00-0.003-0.0240.005
put1900.002.150.901.0011410.00-0.003-0.0260.005
put1950.002.1523.220.9371.000.00-0.004-0.0260.005
put2000.002.150.300.8902130.00-0.004-0.0250.005
put2100.001.800.280.78242.000.00-0.004-0.0250.006
put2200.000.050.220.67066.000.00-0.005-0.0230.007
put2300.000.750.050.8057700.00-0.034-0.1490.034
put2400.000.500.280.6751324.00-0.039-0.1420.038
put2500.001.100.430.6259040.00-0.070-0.2070.060
put2600.150.900.770.4866950.00-0.088-0.1930.072
put2701.051.901.700.4433852.00-0.185-0.3090.120
put2803.105.003.800.4651080.00-0.346-0.4310.166
put2906.909.606.300.46370.000.00-0.531-0.4400.179
put30012.6016.2015.100.4715.000.00-0.717-0.3500.152
put31021.2024.5018.500.5032.000.00-0.840-0.2530.110
put32030.5034.4059.400.5822.000.00-0.869-0.2780.096
put33040.1043.8060.600.6720.000.00-0.886-0.3020.087
put34050.1053.8070.600.7622.000.00-0.900-0.3130.079
put35060.1063.9085.500.8880.000.00-0.946-0.1710.050
put36070.1073.8078.900.9670.000.00-0.950-0.1780.046
put37080.1084.10109.51.1000.000.00-0.954-0.1830.044
put38090.1094.0098.101.1230.000.00-0.957-0.1880.041
put390100.2103.91391.1850.000.00-0.959-0.1930.040
put400110.1113.91491.2810.000.00-0.961-0.1960.038

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-10-29SEC
2026-09-228-KCurrent report2026-09-22SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-14SEC
2026-09-14144Filing for proposed sale of securities under Rule 144.SEC
2026-09-144Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-10144Filing for proposed sale of securities under Rule 144.SEC
2026-09-088-KCurrent report2026-09-08SEC
2026-09-04SCHEDULE 13G/ASEC
2026-09-034Statement of changes in beneficial ownership of securities2026-09-02SEC
2026-09-02144Filing for proposed sale of securities under Rule 144.SEC
2026-09-014Statement of changes in beneficial ownership of securities2026-08-31SEC
2026-08-31144Filing for proposed sale of securities under Rule 144.SEC
2026-08-314Statement of changes in beneficial ownership of securities2026-08-28SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-264Statement of changes in beneficial ownership of securities2026-08-24SEC
2026-08-25144Filing for proposed sale of securities under Rule 144.SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-14SCHEDULE 13G/ASEC
2026-08-104Statement of changes in beneficial ownership of securities2026-08-06SEC
2026-08-07144Filing for proposed sale of securities under Rule 144.SEC
2026-08-074Statement of changes in beneficial ownership of securities2026-08-05SEC
2026-08-06144Filing for proposed sale of securities under Rule 144.SEC
2026-08-06SCHEDULE 13G/ASEC
2026-08-05144Filing for proposed sale of securities under Rule 144.SEC
2026-07-314Statement of changes in beneficial ownership of securities2026-07-29SEC
2026-07-29144Filing for proposed sale of securities under Rule 144.SEC
2026-07-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-284Statement of changes in beneficial ownership of securities2026-07-27SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-09006.10M3
2026-080036.50M7
2026-07007.39M4
2026-060000
2026-05001.52M2
2026-040000
2026-030010.94M4
2026-020000
2026-010000
2025-1200430.09K1
2025-11008.30M4

Institutional holders

Manager% owned
BlackRock, Inc.10.15%
PRICE T ROWE ASSOCIATES INC /MD/9.24%
Boston Partners5.05%
VANGUARD PORTFOLIO MANAGEMENT LLC4.92%
FMR LLC4.87%
VANGUARD CAPITAL MANAGEMENT LLC4.52%
STATE STREET CORP3.19%
GLENVIEW CAPITAL MANAGEMENT, LLC2.60%
CITADEL ADVISORS LLC2.05%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP1.98%

Funds

Fund% owned
PGIM High Yield Fund162.84%
Lord Abbett Short Duration Income Fund123.2%
VANGUARD HIGH-YIELD CORPORATE FUND75.15%
Franklin Income Fund64.15%
iShares Broad USD High Yield Corporate Bond ETF42.47%
American Beacon SiM High Yield Opportunities Fund42.05%
BlackRock High Yield Portfolio39.26%
JPMorgan Income Fund35.74%
PGIM Short Duration High Yield Income Fund27.01%
Income Fund of America26.22%

OakChart. THC. Cached 15 minutes.