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Tenet Healthcare is a Dallas-based healthcare services organization. It operates acute and specialty hospitals (47 as of December 2024) and over 500 ambulatory surgery centers and other outpatient facilities across the US, primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
1975
98K+
LTM Revenue $20.8B
LTM EBITDA $4.1B
$25.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Tenet Healthcare has a last 12-month revenue (LTM) of $20.8B and a last 12-month EBITDA of $4.1B.
In the most recent fiscal year, Tenet Healthcare achieved revenue of $20.7B and an EBITDA of $6.9B.
Tenet Healthcare expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Tenet Healthcare valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $20.8B | XXX | $20.7B | XXX | XXX | XXX |
| Gross Profit | $8.3B | XXX | $17.0B | XXX | XXX | XXX |
| Gross Margin | 40% | XXX | 82% | XXX | XXX | XXX |
| EBITDA | $4.1B | XXX | $6.9B | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 33% | XXX | XXX | XXX |
| EBIT | $3.3B | XXX | $2.9B | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $1.2B | XXX | $3.2B | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $10.2B | XXX | XXX | XXX |
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As of May 30, 2025, Tenet Healthcare's stock price is $169.
Tenet Healthcare has current market cap of $15.7B, and EV of $25.8B.
See Tenet Healthcare trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25.8B | $15.7B | XXX | XXX | XXX | XXX | $12.26 |
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Start Free TrialAs of May 30, 2025, Tenet Healthcare has market cap of $15.7B and EV of $25.8B.
Tenet Healthcare's trades at 1.3x EV/Revenue multiple, and 3.8x EV/EBITDA.
Equity research analysts estimate Tenet Healthcare's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tenet Healthcare has a P/E ratio of 13.4x.
See valuation multiples for Tenet Healthcare and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15.7B | XXX | $15.7B | XXX | XXX | XXX |
| EV (current) | $25.8B | XXX | $25.8B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 6.4x | XXX | 3.8x | XXX | XXX | XXX |
| EV/EBIT | 7.8x | XXX | 8.9x | XXX | XXX | XXX |
| EV/Gross Profit | 3.1x | XXX | n/a | XXX | XXX | XXX |
| P/E | 13.4x | XXX | 4.9x | XXX | XXX | XXX |
| EV/FCF | 16.4x | XXX | 23.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTenet Healthcare's last 12 month revenue growth is 3%
Tenet Healthcare's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Tenet Healthcare's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tenet Healthcare's rule of X is 27% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Tenet Healthcare and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Growth | 5% | XXX | 11% | XXX | XXX | XXX |
| Rule of 40 | 19% | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 27% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 68% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Burjeel Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| PureHealth | XXX | XXX | XXX | XXX | XXX | XXX |
| Integral Diagnostics | XXX | XXX | XXX | XXX | XXX | XXX |
| Ramsay Health | XXX | XXX | XXX | XXX | XXX | XXX |
| Athens Medical Centre | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tenet Healthcare acquired XXX companies to date.
Last acquisition by Tenet Healthcare was XXXXXXXX, XXXXX XXXXX XXXXXX . Tenet Healthcare acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Tenet Healthcare founded? | Tenet Healthcare was founded in 1975. |
| Where is Tenet Healthcare headquartered? | Tenet Healthcare is headquartered in United States of America. |
| How many employees does Tenet Healthcare have? | As of today, Tenet Healthcare has 98K+ employees. |
| Who is the CEO of Tenet Healthcare? | Tenet Healthcare's CEO is Dr. Saumya Sutaria, M.D.. |
| Is Tenet Healthcare publicy listed? | Yes, Tenet Healthcare is a public company listed on NYS. |
| What is the stock symbol of Tenet Healthcare? | Tenet Healthcare trades under THC ticker. |
| When did Tenet Healthcare go public? | Tenet Healthcare went public in 1976. |
| Who are competitors of Tenet Healthcare? | Similar companies to Tenet Healthcare include e.g. Burjeel Holdings, PureHealth, Integral Diagnostics, Ramsay Health. |
| What is the current market cap of Tenet Healthcare? | Tenet Healthcare's current market cap is $15.7B |
| What is the current revenue of Tenet Healthcare? | Tenet Healthcare's last 12 months revenue is $20.8B. |
| What is the current revenue growth of Tenet Healthcare? | Tenet Healthcare revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Tenet Healthcare? | Current revenue multiple of Tenet Healthcare is 1.2x. |
| Is Tenet Healthcare profitable? | Yes, Tenet Healthcare is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tenet Healthcare? | Tenet Healthcare's last 12 months EBITDA is $4.1B. |
| What is Tenet Healthcare's EBITDA margin? | Tenet Healthcare's last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Tenet Healthcare? | Current EBITDA multiple of Tenet Healthcare is 6.4x. |
| What is the current FCF of Tenet Healthcare? | Tenet Healthcare's last 12 months FCF is $1.6B. |
| What is Tenet Healthcare's FCF margin? | Tenet Healthcare's last 12 months FCF margin is 8%. |
| What is the current EV/FCF multiple of Tenet Healthcare? | Current FCF multiple of Tenet Healthcare is 16.4x. |
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