THC
Full HouseAI neutralTenet Healthcare Corporation · Healthcare · United States · $21.6B cap · $231.5M/day traded
$286.86 -2.1% · close 12 Nov · scored 13 Nov
Full House: Strong business, sensible price, and the market agrees.
As of 13 Nov 2026, the MoatMap Score for Tenet Healthcare Corporation (THC) is 96/100, ranked against 25,000+ stocks in 38 markets (Quality 70, Value 72, Momentum 65, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
Tenet Healthcare maintains strong operating cash generation from its acute care hospital network and high-margin ambulatory surgery centers. However, recent executive share disposals and modest negative revisions to forward consensus earnings outweigh the benefits of active share repurchases.
ABOUT TENET HEALTHCARE CORPORATION
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Tenet Healthcare Corporation operates a network of acute care hospitals, outpatient centers, and other healthcare facilities across the United States. As one of the largest investor-owned healthcare providers, it benefits from significant scale and integrated service offerings, including its Conifer Health Solutions segment for revenue cycle management. This diversification and operational reach provide a robust market position in the U.S. healthcare delivery system.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 19.2B | 20.6B | 20.7B | 21.3B | 3.6% | 22.2B | 22.5B | 22.5B | 2.8% |
| EPS | 3.84 | 6.01 | 33.02 | 15.61 | 59.6% | 34.29 | 21.13 | 18.95 | 10.2% |
| Shares | 102.2M | 100.0M | 95.1M | 87.0M | -15.0% | 79.6M | — | — | — |
| Debt | 15.1B | 15.0B | 13.2B | 13.2B | -4.4% | 13.2B | — | — | — |
| Equity | 1.1B | 1.6B | 4.2B | 4.2B | 54.6% | — | — | — | — |
| Op CF | 1.1B | 2.4B | 2.0B | 3.5B | 48.4% | 4.2B | — | — | — |
| Inv CF | -808.0M | -969.0M | 3.4B | -1.3B | — | — | — | — | — |
| Fin CF | -1.8B | -1.0B | -3.7B | -2.4B | — | — | — | — | — |
Above its 200-day average and 5% below its 52-week high.
Swung more than 52% of stocks we rank over the past year (volatility 44% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend (this stock): It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Healthcare, ranked by industry match, size, and score similarity. Cross-listings of THC are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| THC | Tenet Healthcare Corporation(you) | $21.6B | 96 |
| EHC | Encompass Health Corporation | $12.2B | 91 |
| UHS | Universal Health Services, Inc. | $11.0B | 90 |
| CHE | Chemed Corporation | $6.7B | 90 |
| DVA | DaVita Inc. | $11.7B | 76 |
| CON | Concentra Group Holdings Parent, Inc. | $5.0B | 86 |
| HCA | HCA Healthcare, Inc. | $101.5B | 87 |
| OPCH | Option Care Health, Inc. | $4.7B | 84 |
| ENSG | The Ensign Group, Inc. | $10.2B | 68 |
| AVAH | Aveanna Healthcare Holdings Inc. | $2.9B | 90 |
Peer medians: ROE -31.0% · P/E 26.3x · Gross margin 63.3%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.