THC Tenet Healthcare Corporation Common Stock
NYSE · Health Care · View on SEC EDGAR ↗ 10-K/10-Q Jul 29, 2026
$268.45
· of 52w range
· above low
· to high
$157.5852w low
$283.0552w high
Market Cap (MRQ)
$21.61B
P/E (TTM)
10.4
EPS (TTM)
$25.93
Revenue (TTM)
$21.81B
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52W Range
$158–$283
Analyst Rating
BUY
Price Target
$286
P/E
10.4
ROE
75.5%
Net Profit Margin
14.6%
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THC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$268.45
Market Cap (MRQ)
$21.61B
P/E (TTM)
10.4
EPS (TTM)
$25.93
Revenue (TTM)
$21.81B
ROE (TTM)
75.5%
52W Range
$158–$283
THC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Oct. 11, 2012 | 1-for-4 | Reverse |
| July 1, 2002 | 3-for-2 | Forward |
| Sept. 16, 1991 | 2-for-1 | Forward |
| April 27, 1983 | 5-for-4 | Forward |
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$21.31B2017-12-31 → 2025-12-31
EPS$15.492017-12-31 → 2025-12-31
Free Cash Flow$2.53B2017-12-31 → 2025-12-31
Net margin14.6%2018-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | THC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 10.45Y avg ≈10.5 | ≈10.5 | 16.5 | Undervalued | |
| P/S (TTM) | 1.05Y avg ≈0.5 | ≈0.5 | 1.2 | Undervalued | |
| P/B (MRQ) | 4.65Y avg ≈4.0 | ≈4.0 | 3.8 | Fair value | |
| Price / FCF (TTM) | 7.15Y avg ≈9.4 | ≈9.4 | · | · | |
| Price / Cash Flow (TTM) | 5.45Y avg ≈4.6 | ≈4.6 | 9.1 | Undervalued | |
| Price / Tangible Book (MRQ) | 6.4 | · | · | · | |
| PEG Ratio | ≈0.3 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | THC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 20.8%5Y avg ≈16.9% | ≈16.9% | 11.9% | Top tier | |
| EBITDA Margin (TTM) | 24.9%5Y avg ≈21.1% | ≈21.1% | 11.1% | Top tier | |
| Pretax Margin (TTM) | 17.7%5Y avg ≈12.6% | ≈12.6% | 10.3% | Top tier | |
| Net Profit Margin (TTM) | 14.6%5Y avg ≈10.0% | ≈10.0% | 7.3% | Top tier | |
| ROA (TTM) | 10.7%5Y avg ≈7.2% | ≈7.2% | 6.5% | Top tier | |
| ROE (TTM) | 75.5%5Y avg ≈132.8% | ≈132.8% | 19.1% | Top tier | |
| ROIC | 70.3%5Y avg ≈135.6% | ≈135.6% | 15.5% | Top tier |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | THC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 1.45Y avg ≈1.6 | ≈1.6 | 1.2 | Strong liquidity | |
| Quick Ratio | 1.25Y avg ≈1.0 | ≈1.0 | 0.9 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | THC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.1%5Y avg ≈3.9% | ≈3.9% | · | · | |
| Revenue CAGR 3Y | 3.6%5Y avg ≈3.6% | ≈3.6% | · | · | |
| Revenue CAGR 5Y | 3.9% | · | · | · | |
| EPS YoY | -52.6%5Y avg ≈108.0% | ≈108.0% | · | · | |
| Net Income YoY | -41.8%5Y avg ≈51.8% | ≈51.8% | · | · | |
| EPS CAGR 3Y | 59.9%5Y avg ≈44.0% | ≈44.0% | · | · | |
| EPS CAGR 5Y | 32.8% | · | · | · | |
| Net Income CAGR 3Y | 33.2%5Y avg ≈31.0% | ≈31.0% | · | · | |
| Net Income CAGR 5Y | 25.2% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | THC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.75Y avg ≈0.7 | ≈0.7 | 0.8 | Weak | |
| Receivables Turnover | 8.45Y avg ≈7.4 | ≈7.4 | 8.3 | In line | |
| Revenue / Employee | ≈$276.8K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Annualized Payout≈$0.11
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Mar 13, 2000 | $0.03 | USD | ≈0.05% |
| Aug 16, 1993 | $0.32 | USD | ≈4.2% |
| May 17, 1993 | $0.32 | USD | ≈5.3% |
| Feb 12, 1993 | $0.32 | USD | ≈4.5% |
| Nov 6, 1992 | $0.32 | USD | ≈4.0% |
| Aug 10, 1992 | $0.32 | USD | ≈3.2% |
| May 11, 1992 | $0.31 | USD | ≈3.0% |
| Feb 10, 1992 | $0.31 | USD | ≈2.7% |
| Nov 8, 1991 | $0.31 | USD | ≈2.9% |
| Aug 12, 1991 | $0.31 | USD | ≈1.8% |
| May 13, 1991 | $0.27 | USD | ≈1.7% |
| Feb 11, 1991 | $0.27 | USD | ≈1.7% |
| Nov 9, 1990 | $0.27 | USD | ≈7.4% |
| Aug 13, 1990 | $0.27 | USD | ≈7.5% |
| May 14, 1990 | $0.24 | USD | ≈7.3% |
| Feb 12, 1990 | $0.24 | USD | ≈7.9% |
| Feb 1, 1990 | $2.50 | USD | ≈7.4% |
| Nov 13, 1989 | $0.24 | USD | ≈1.9% |
| Aug 14, 1989 | $0.24 | USD | ≈2.0% |
| May 15, 1989 | $0.23 | USD | ≈2.2% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
26.6%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 16, 2026 | $6.12 | $4.26 | 43.6% |
| March 31, 2026 | $4.82 | $4.22 | 14.1% | |
| Dec. 31, 2025 | $4.70 | $4.09 | 14.8% | |
| Sept. 30, 2025 | $3.70 | $3.34 | 10.9% | |
| June 30, 2025 | $4.02 | $2.90 | 38.6% | |
| March 31, 2025 | $4.36 | $3.16 | 37.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.31B | $20.68B | $20.56B | $19.17B | $19.48B | $17.64B | $18.48B | $18.31B | $19.18B | $19.62B | |
| Operating Income | $3.51B | $5.96B | $2.51B | $2.33B | $2.87B | $1.99B | $1.54B | $1.64B | $1.11B | $1.25B | |
| Interest Expense | · | · | $901M | $890M | $923M | $1.00B | $985M | $1.00B | $1.03B | $979M | |
| Other Non-op | $117M | $126M | $19M | $11M | $14M | $1M | $-5M | $-5M | · | · | |
| Pretax Income | $2.80B | $5.25B | $1.62B | $1.34B | $1.89B | $671M | $320M | $629M | $-101M | $248M | |
| Income Tax | $433M | $1.18B | $306M | $344M | $411M | $-97M | $160M | $173M | $219M | $67M | |
| Net Income | $2.37B | $4.06B | $1.31B | $1.00B | $1.48B | $768M | $171M | $459M | $-320M | $176M | |
| EPS (Basic) | $15.61 | $33.02 | $6.01 | $3.84 | $8.55 | $3.80 | $-2.08 | $1.02 | $-7.00 | $-1.93 | |
| EPS (Diluted) | $15.49 | $32.70 | $5.71 | $3.79 | $8.42 | $3.75 | $-2.08 | $1.00 | $-7.00 | $-1.93 | |
| Shares (Basic) | 90,150,000 | 96,904,000 | 101,639,000 | 106,929,000 | 106,833,000 | 105,010,000 | 103,398,000 | 102,110,000 | 100,592,000 | 99,321,000 | |
| Shares (Diluted) | 90,833,000 | 97,881,000 | 104,800,000 | 110,516,000 | 108,571,000 | 106,263,000 | 103,398,000 | 103,881,000 | 100,592,000 | 99,321,000 | |
| EBITDA | $4.37B | $6.77B | $3.38B | $3.17B | $3.73B | $2.85B | $2.36B | $2.45B | $1.98B | $2.07B |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.88B | $3.02B | $1.23B | $858M | $2.36B | $2.45B | $262M | $411M | $611M | $716M | |
| Receivables | $2.56B | $2.54B | $2.91B | $2.94B | $2.77B | $2.69B | $2.74B | $2.60B | $2.62B | $2.90B | |
| Inventory | $348M | $346M | $411M | $405M | $384M | $368M | $310M | $305M | $289M | $326M | |
| Prepaid Expense | $423M | $368M | $391M | $400M | $252M | · | · | · | · | · | |
| Other Current Assets | $1.99B | $1.76B | $1.84B | $1.77B | $1.56B | $1.50B | $1.37B | $1.20B | $1.03B | $1.28B | |
| Current Assets | $7.85B | $7.68B | $7.17B | $5.98B | $7.08B | $7.15B | $5.08B | $4.64B | $5.57B | $5.26B | |
| PP&E (Net) | · | · | · | · | · | · | · | $6.99B | $7.03B | $8.05B | |
| PP&E (Gross) | · | · | · | · | · | · | · | $12.21B | $11.77B | $13.03B | |
| Accum. Depreciation | · | · | · | · | · | · | · | $5.22B | $4.74B | $4.97B | |
| Goodwill | $11.20B | $10.69B | $10.31B | $10.12B | $9.26B | $8.81B | $7.25B | $7.28B | $7.02B | $7.42B | |
| Intangibles | $1.35B | $1.40B | $1.37B | $1.42B | $1.50B | $1.60B | $1.60B | $1.73B | $1.77B | $1.84B | |
| Total Assets | $29.68B | $28.94B | $28.31B | $27.16B | $27.58B | $27.11B | $23.36B | $22.43B | $23.39B | $24.70B | |
| Accounts Payable | $1.36B | $1.29B | $1.41B | $1.50B | $1.30B | $1.21B | $1.20B | $1.21B | $1.18B | $1.33B | |
| Current Liabilities | $4.46B | $4.31B | $4.76B | $4.48B | $5.11B | $4.85B | $4.21B | $3.86B | $4.33B | $4.03B | |
| Capital Leases | $1.04B | $950M | $1.01B | $1.05B | $924M | $999M | $858M | · | · | · | |
| Deferred Tax | $240M | $227M | $326M | $217M | $36M | $29M | $27M | $36M | $36M | $279M | |
| Other Non-current Liabilities | $1.71B | $1.57B | $1.71B | $1.80B | $1.44B | $1.62B | $1.40B | $578M | $631M | $610M | |
| Total Liabilities | $20.70B | $20.39B | $22.80B | $22.55B | $23.32B | $24.22B | $21.42B | $20.30B | $20.98B | $21.23B | |
| Common Stock | $8M | $8M | $8M | $8M | $8M | $7M | $7M | $7M | $7M | $7M | |
| Paid-in Capital | $4.91B | $4.87B | $4.83B | $4.78B | $4.88B | $4.84B | $4.76B | $4.75B | $4.86B | $4.83B | |
| Retained Earnings | $4.42B | $3.01B | $-192M | $-803M | $-1.21B | $-2.13B | $-2.51B | $-2.24B | $-2.39B | $-1.74B | |
| Treasury Stock | $4.94B | $3.54B | $2.86B | $2.66B | $2.41B | $2.41B | $2.41B | $2.41B | $2.42B | $2.42B | |
| AOCI | $-181M | $-180M | $-181M | $-181M | $-233M | $-281M | $-257M | $-223M | $-204M | $-258M | |
| Stockholders' Equity | $4.22B | $4.17B | $1.61B | $1.14B | $1.03B | $28M | $-417M | $-119M | $-147M | $417M | |
| Liabilities + Equity | $29.68B | $28.94B | $28.31B | $27.16B | $27.58B | $27.11B | $23.36B | $22.41B | $23.39B | $24.70B | |
| Shares Outstanding | 86,952,000 | 95,109,000 | 99,950,000 | 102,247,000 | 107,189,000 | 106,070,000 | 104,197,000 | · | · | · |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $863M | $818M | $870M | $841M | $855M | $857M | $850M | $802M | $870M | $850M | |
| Stock-based Comp | $104M | $67M | $66M | $56M | $56M | $44M | $42M | $46M | $59M | $68M | |
| Deferred Tax | $9M | $-103M | $52M | $209M | $250M | $-128M | $144M | $147M | $200M | $41M | |
| Amort. of Intangibles | $166M | $172M | $174M | $172M | $188M | $172M | $188M | $185M | $172M | $152M | |
| Other Non-cash | $197M | $-2.80B | $75M | $-1.02B | $-1.07B | $1.87B | $50M | $-415M | $391M | $-577M | |
| Operating Cash Flow | $3.54B | $2.05B | $2.37B | $1.08B | $1.57B | $3.41B | $1.23B | $1.05B | $1.20B | $558M | |
| CapEx | $1.01B | $931M | $751M | $762M | $658M | $540M | $670M | $617M | $707M | $875M | |
| Investing Cash Flow | $-1.27B | $3.43B | $-969M | $-808M | $-714M | $-1.61B | $-619M | $-115M | $21M | $-430M | |
| Stock Repurchased | $1.39B | $672M | $200M | $250M | $0 | $0 | · | · | $0 | $0 | |
| Net Stock Activity | $-1.39B | $-672M | $-200M | $-250M | · | · | · | · | $0 | · | |
| Financing Cash Flow | $-2.40B | $-3.69B | $-1.03B | $-1.78B | $-936M | $385M | $-763M | $-1.13B | $-1.33B | $232M | |
| Net Change in Cash | $-136M | $1.79B | $370M | $-1.51B | $-82M | $2.18B | $-149M | $-200M | $-105M | $360M | |
| Taxes Paid | $450M | $1.27B | $243M | $161M | $92M | $12M | $12M | $25M | $56M | $33M | |
| Free Cash Flow | $2.53B | $1.12B | $1.62B | $321M | $910M | $2.87B | $563M | $432M | $493M | $-317M | |
| Levered FCF | · | · | $893M | $-341M | $188M | $1.72B | $87M | $-295M | $-2.76B | $-1.03B |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.5% | 28.8% | 12.2% | 12.2% | 14.7% | 11.3% | 8.2% | 9.0% | · | · | |
| Net Margin | 11.1% | 19.7% | 6.4% | 5.2% | 7.6% | 4.3% | 0.83% | 2.5% | · | · | |
| Pretax Margin | 13.1% | 25.4% | 7.9% | 7.0% | 9.7% | 3.8% | 1.6% | 3.5% | · | · | |
| EBITDA Margin | 20.5% | 32.8% | 16.4% | 16.6% | 19.1% | 16.1% | 12.8% | 13.4% | · | · | |
| ROA | 8.1% | 14.2% | 4.7% | 3.7% | 5.3% | 3.0% | 0.67% | 2.0% | -1.3% | 0.73% | |
| ROE | 56.4% | 140.7% | 95.3% | 92.3% | 279.6% | -394.9% | -62.9% | -350.4% | -237.0% | 31.8% | |
| ROIC | 70.3% | 110.6% | 126.6% | 152.0% | 218.5% | 8130.5% | -197.0% | -1002.8% | -2398.9% | 213.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.8 | 1.5 | 1.3 | 1.4 | 1.5 | 1.2 | 1.2 | 1.3 | 1.3 | |
| Quick Ratio | 1.2 | 1.3 | 0.9 | 0.8 | 1.0 | 1.1 | 0.7 | 0.8 | 0.7 | 0.9 | |
| Interest Coverage | · | · | 2.8 | 2.6 | 3.1 | 2.0 | 1.5 | 1.6 | 1.1 | 1.2 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | · | · | |
| Receivables Turnover | 8.4 | 7.6 | 7.0 | 6.7 | 7.1 | 6.5 | 6.9 | 7.0 | · | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $48.53 | $43.85 | $16.09 | $11.17 | · | · | · | · | · | · | |
| Revenue / Share | $234.61 | $211.12 | $196.07 | $173.50 | $179.47 | $166.00 | $178.72 | $176.29 | · | · | |
| Cash Flow / Share | $38.97 | $20.91 | $22.65 | $9.80 | $14.44 | $32.06 | $11.92 | $10.10 | $11.93 | $5.62 | |
| Cash / Share | $33.16 | $31.74 | $12.29 | $8.39 | · | · | · | · | · | · | |
| EPS (TTM) | $15.49 | $32.70 | $5.71 | $3.79 | $8.42 | $3.75 | $-2.08 | $1.00 | $-7.00 | $-1.93 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.1% | 0.54% | 7.2% | -1.6% | 10.5% | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.6% | 2.0% | 5.2% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 3.9% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -52.6% | 472.7% | 50.7% | -55.0% | 124.5% | · | · | · | · | · | |
| EPS CAGR 3Y | 59.9% | 57.2% | 15.0% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 32.8% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -41.8% | 210.0% | 31.0% | -32.2% | 92.2% | · | · | · | · | · | |
| Net Income CAGR 3Y | 33.2% | 40.2% | 19.5% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 25.2% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $21.31B | $20.68B | $20.56B | $19.17B | $19.48B | $17.64B | $18.48B | $18.31B | $19.18B | $19.62B | |
| Net Income TTM | $2.37B | $4.06B | $1.31B | $1.00B | $1.48B | $768M | $171M | $459M | $-320M | $176M | |
| Market Cap | $17.28B | $12.01B | $7.55B | $4.99B | · | · | · | · | · | · | |
| P/E | 12.8 | 3.9 | 13.2 | 12.9 | 9.7 | 10.6 | -18.3 | 17.1 | -2.2 | -7.7 | |
| P/S | 0.8 | 0.6 | 0.4 | 0.3 | · | · | · | · | · | · | |
| P/B | 4.1 | 2.9 | 4.7 | 4.4 | · | · | · | · | · | · | |
| P / Cash Flow | 4.9 | 5.9 | 3.2 | 4.6 | · | · | · | · | · | · | |
| P / FCF | 6.8 | 10.8 | 4.7 | 15.5 | · | · | · | · | · | · | |
| Earnings Yield | 7.8% | 25.9% | 7.6% | 7.8% | 10.3% | 9.4% | -5.5% | 5.8% | -46.2% | -13.0% |
Income Statement
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.63B | $5.37B | $5.53B | $5.29B | $5.27B | $5.22B | $5.07B | $5.13B | $5.11B | $5.37B | $5.39B | $5.07B | $5.08B | $5.02B | $4.99B | $4.80B | |
| Operating Income | $1.50B | $1.30B | $853M | $889M | $823M | $943M | $821M | $1.09B | $761M | $3.29B | $735M | $568M | $604M | $603M | $536M | $596M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $218M | · | $227M | $226M | $221M | · | $222M | |
| Other Non-op | $43M | $41M | $37M | $29M | $25M | $26M | $37M | $35M | $29M | $25M | $11M | $4M | $6M | $-2M | $5M | $6M | |
| Pretax Income | $1.34B | $1.13B | $681M | $712M | $642M | $765M | $655M | $922M | $587M | $3.08B | $519M | $345M | $373M | $380M | $322M | $380M | |
| Income Tax | $295M | $226M | $37M | $133M | $120M | $143M | $83M | $241M | $110M | $750M | $63M | $79M | $80M | $84M | $47M | $112M | |
| Net Income | $1.04B | $906M | $644M | $579M | $522M | $622M | $572M | $681M | $477M | $2.33B | $456M | $266M | $293M | $296M | $274M | $268M | |
| EPS (Basic) | $9.89 | $8.09 | $4.25 | $3.89 | $3.16 | $4.31 | $3.83 | $4.93 | $2.66 | $21.60 | $2.41 | $0.99 | $1.21 | $1.40 | $0.98 | $1.21 | |
| EPS (Diluted) | $9.84 | $8.01 | $4.22 | $3.86 | $3.14 | $4.27 | $3.79 | $4.89 | $2.64 | $21.38 | $2.30 | $0.94 | $1.15 | $1.32 | $1.00 | $1.16 | |
| Shares (Basic) | 83,524,000 | 86,801,000 | · | 87,951,000 | 91,135,000 | 94,242,000 | · | 95,665,000 | 97,267,000 | 99,581,000 | · | 101,544,000 | 101,766,000 | 102,289,000 | · | 107,923,000 | |
| Shares (Diluted) | 83,964,000 | 87,596,000 | · | 88,610,000 | 91,791,000 | 95,019,000 | · | 96,652,000 | 98,444,000 | 100,598,000 | · | 104,425,000 | 104,778,000 | 106,006,000 | · | 109,888,000 | |
| EBITDA | $1.72B | $1.52B | · | $1.11B | $1.03B | $1.15B | · | $1.30B | $969M | $3.49B | · | $792M | $817M | $820M | · | $805M |
Balance Sheet
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.17B | $2.97B | $2.88B | $2.98B | $2.62B | $3.00B | $3.02B | $4.09B | $2.88B | $2.48B | · | $1.05B | $934M | $766M | · | $1.21B | |
| Receivables | $2.61B | $2.60B | $2.56B | $2.52B | $2.53B | $2.62B | $2.54B | $2.60B | $2.82B | $3.15B | · | $2.90B | $2.91B | $2.88B | · | $2.83B | |
| Inventory | $338M | $343M | $348M | $346M | $338M | $344M | $346M | $356M | $382M | $395M | · | $413M | $404M | $407M | · | $394M | |
| Prepaid Expense | $338M | $351M | $423M | $373M | $362M | $457M | $368M | $357M | $379M | $375M | · | $392M | $399M | $380M | · | $358M | |
| Other Current Assets | $2.65B | $2.38B | $1.99B | $1.89B | $1.78B | $1.93B | $1.76B | $1.69B | $1.85B | $1.77B | · | $1.85B | $1.60B | $1.67B | · | $1.57B | |
| Current Assets | $7.83B | $8.36B | $7.85B | $7.81B | $7.30B | $7.91B | $7.68B | $8.76B | $7.96B | $7.82B | · | $6.36B | $6.00B | $5.87B | · | $6.00B | |
| Goodwill | $11.44B | $11.39B | $11.20B | $11.16B | $10.94B | $10.79B | $10.69B | $10.59B | $10.80B | $10.57B | · | $10.41B | $10.35B | $10.26B | · | $9.98B | |
| Intangibles | $1.28B | $1.32B | $1.35B | $1.35B | $1.37B | $1.40B | $1.40B | $1.37B | $1.41B | $1.40B | · | $1.40B | $1.41B | $1.43B | · | $1.44B | |
| Total Assets | $30.68B | $31.20B | $29.68B | $29.42B | $28.70B | $29.24B | $28.94B | $29.37B | $29.27B | $28.91B | $28.31B | $27.59B | $27.16B | $27.07B | $27.16B | $27.08B | |
| Accounts Payable | $1.37B | $1.34B | $1.36B | $1.36B | $1.36B | $1.33B | $1.29B | $1.26B | $1.27B | $1.33B | · | $1.20B | $1.25B | $1.19B | · | $1.24B | |
| Current Liabilities | $5.57B | $6.15B | $4.46B | $4.56B | $4.27B | $4.45B | $4.31B | $5.54B | $5.49B | $5.42B | · | $4.43B | $4.15B | $4.22B | · | $4.28B | |
| Capital Leases | · | · | $1.04B | · | · | · | $950M | · | · | · | · | · | · | · | · | · | |
| Deferred Tax | $325M | $199M | $240M | $269M | $230M | $226M | $227M | $260M | $245M | $231M | · | $278M | $243M | $220M | · | $235M | |
| Other Non-current Liabilities | $1.78B | $1.69B | $1.71B | $1.60B | $1.64B | $1.65B | $1.57B | $1.56B | $1.71B | $1.69B | · | $1.68B | $1.73B | $1.75B | · | $1.81B | |
| Total Liabilities | $21.98B | $22.35B | $20.70B | $20.72B | $20.40B | $20.58B | $20.39B | $21.30B | $21.40B | $21.24B | · | $22.41B | $22.16B | $22.26B | · | $22.50B | |
| Common Stock | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | · | $8M | $8M | $8M | · | $8M | |
| Paid-in Capital | $5.19B | $5.12B | $4.91B | $4.87B | $4.86B | $4.83B | $4.87B | $4.85B | $4.84B | $4.81B | · | $4.82B | $4.80B | $4.77B | · | $4.77B | |
| Retained Earnings | $5.94B | $5.12B | $4.42B | $4.04B | $3.70B | $3.41B | $3.01B | $2.69B | $2.22B | $1.96B | · | $-436M | $-537M | $-660M | · | $-905M | |
| Treasury Stock | $6.31B | $5.26B | $4.94B | $4.74B | $4.64B | $3.89B | $3.54B | $3.54B | $3.41B | $3.14B | · | $2.75B | $2.75B | $2.71B | · | $2.41B | |
| AOCI | $-177M | $-179M | $-181M | $-174M | $-177M | $-178M | $-180M | $-175M | $-177M | $-179M | · | $-176M | $-178M | $-179M | · | $-229M | |
| Stockholders' Equity | $4.66B | $4.81B | $4.22B | $4.01B | $3.75B | $4.18B | $4.17B | $3.83B | $3.48B | $3.45B | · | $1.46B | $1.34B | $1.23B | · | $1.24B | |
| Liabilities + Equity | $30.68B | $31.20B | $29.68B | $29.42B | $28.70B | $29.24B | $28.94B | $29.37B | $29.27B | $28.91B | · | $27.59B | $27.16B | $27.07B | · | $27.08B | |
| Shares Outstanding | 80,507,000 | 86,124,000 | 86,952,000 | 87,867,000 | 88,344,000 | 92,885,000 | 95,109,000 | 95,083,000 | 95,819,000 | 97,673,000 | 99,950,000 | 101,551,000 | 101,509,000 | 101,912,000 | 102,247,000 | 107,949,000 |
Cash Flow
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $215M | $229M | $231M | $218M | $208M | $206M | $193M | $209M | $208M | $208M | $216M | $224M | $213M | $217M | $213M | $209M | |
| Stock-based Comp | $44M | $25M | $25M | $38M | $20M | $21M | $15M | $16M | $19M | $17M | $18M | $15M | $19M | $14M | $9M | $13M | |
| Deferred Tax | $137M | $-40M | $-42M | $40M | $7M | $4M | $-74M | $64M | $-55M | $-38M | $-23M | $38M | $29M | $8M | $1M | $76M | |
| Amort. of Intangibles | $40M | $40M | $44M | $43M | $39M | $40M | $36M | $47M | $44M | $45M | $46M | $44M | $42M | $42M | $40M | $40M | |
| Other Non-cash | · | $521M | · | · | · | $-38M | · | · | · | $-1.94B | · | · | · | $-86M | · | · | |
| Operating Cash Flow | $585M | $1.64B | $731M | $1.06B | $936M | $815M | $-331M | $1.04B | $747M | $586M | $824M | $503M | $598M | $449M | $421M | $315M | |
| CapEx | $168M | $180M | $364M | $280M | $193M | $173M | $330M | $216M | $145M | $240M | $208M | $176M | $132M | $235M | $290M | $165M | |
| Investing Cash Flow | $-203M | $-317M | $-389M | $-385M | $-314M | $-187M | $-372M | $667M | $-194M | $3.33B | $-333M | $-169M | $-181M | $-286M | $-306M | $-302M | |
| Stock Repurchased | $1.04B | $318M | $198M | $93M | $747M | $348M | $0 | $124M | $270M | $278M | $110M | $0 | $40M | $50M | $250M | $0 | |
| Net Stock Activity | · | $-318M | · | · | · | $-348M | · | · | · | $-278M | · | · | · | $-50M | · | · | |
| Financing Cash Flow | $-1.18B | $-1.24B | $-434M | $-323M | $-996M | $-648M | $-372M | $-498M | $-154M | $-2.66B | $-317M | $-214M | $-249M | $-255M | $-465M | $-156M | |
| Net Change in Cash | $-797M | $84M | $-92M | $350M | $-374M | $-20M | $-1.07B | $1.21B | $399M | $1.25B | $174M | $120M | $168M | $-92M | $-350M | $-143M | |
| Taxes Paid | $322M | $8M | $121M | $87M | $235M | $7M | $963M | $68M | $235M | $5M | $31M | $54M | $158M | $0 | $13M | $288M | |
| Free Cash Flow | · | $1.46B | · | · | · | $642M | · | · | · | $346M | · | · | · | $214M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $181M | · | · | · | $42M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 26.7% | 24.1% | · | 16.8% | 15.6% | 18.1% | · | 21.3% | 14.9% | 61.2% | · | 11.2% | 11.9% | 12.0% | · | 12.4% | |
| Net Margin | 18.6% | 16.9% | · | 10.9% | 9.9% | 11.9% | · | 13.3% | 9.3% | 43.5% | · | 5.2% | 5.8% | 5.9% | · | 5.6% | |
| Pretax Margin | · | 21.1% | · | 13.5% | 12.2% | 14.6% | · | 18.0% | 11.5% | 57.5% | · | 6.8% | 7.3% | 7.6% | · | 7.9% | |
| EBITDA Margin | 30.5% | 28.4% | · | 20.9% | 19.6% | 22.0% | · | 25.3% | 19.0% | 65.1% | · | 15.6% | 16.1% | 16.3% | · | 16.8% | |
| ROA | 3.5% | 3.0% | · | 2.0% | 1.8% | 2.1% | · | 2.4% | 1.7% | 8.3% | · | 0.97% | 1.1% | 1.1% | · | 1.0% | |
| ROE | 24.9% | 20.1% | · | 14.8% | 14.4% | 16.3% | · | 25.7% | 19.8% | 99.6% | · | 19.7% | 24.1% | 25.9% | · | 27.4% | |
| ROIC | · | 21.6% | · | 18.0% | 17.8% | 18.3% | · | 21.0% | 17.8% | 72.0% | · | 29.9% | 35.3% | 38.1% | · | 34.0% |
Liquidity & Solvency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.4 | 1.4 | · | 1.7 | 1.7 | 1.8 | · | 1.6 | 1.4 | 1.4 | · | 1.4 | 1.4 | 1.4 | · | 1.4 | |
| Quick Ratio | 0.9 | 0.9 | · | 1.2 | 1.2 | 1.3 | · | 1.2 | 1.0 | 1.0 | · | 0.9 | 0.9 | 0.9 | · | 0.9 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 15.1 | · | 2.5 | 2.7 | 2.7 | · | 2.7 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Receivables Turnover | 2.2 | 2.1 | · | 2.1 | 2.0 | 1.8 | · | 1.9 | 1.8 | 1.8 | · | 1.8 | 1.8 | 1.7 | · | 1.7 |
Per Share
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $57.86 | $55.90 | · | $45.68 | $42.44 | $45.01 | · | $40.32 | $36.27 | $35.35 | · | $14.42 | $13.23 | $12.10 | · | $11.44 | |
| Revenue / Share | $67.03 | $61.28 | · | $59.69 | $57.42 | $54.97 | · | $52.99 | $51.84 | $53.36 | · | $48.51 | $48.50 | $47.37 | · | $43.69 | |
| Cash Flow / Share | · | $18.73 | · | · | · | $8.58 | · | · | · | $5.83 | · | · | · | $4.24 | · | · | |
| Cash / Share | $26.95 | $34.45 | · | $33.86 | $29.71 | $32.29 | · | $43.06 | $30.06 | $25.40 | · | $10.38 | $9.20 | $7.52 | · | $11.19 | |
| EPS (TTM) | $25.93 | $19.23 | · | $15.06 | $16.09 | $15.59 | · | $31.21 | $27.26 | $25.77 | · | $4.41 | $4.63 | $3.83 | · | $5.08 |
Valuation (TTM)
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $21.81B | $21.45B | · | $20.86B | $20.69B | $20.53B | · | $21.00B | $20.94B | $20.91B | · | $20.16B | $19.89B | $19.45B | · | $19.04B | |
| Net Income TTM | $3.17B | $2.65B | · | $2.29B | $2.40B | $2.35B | · | $3.95B | $3.53B | $3.35B | · | $1.13B | $1.13B | $1.02B | · | $1.15B | |
| Market Cap | $15.06B | $16.25B | · | $17.84B | $15.55B | $12.49B | · | $15.80B | $12.75B | $10.27B | · | $6.69B | $8.26B | $6.06B | · | $5.57B | |
| P/E | 7.2 | 9.8 | · | 13.5 | 10.9 | 8.6 | · | 5.3 | 4.9 | 4.1 | · | 14.9 | 17.6 | 15.5 | · | 10.2 | |
| P/S | 0.7 | 0.8 | · | 0.9 | 0.8 | 0.6 | · | 0.8 | 0.6 | 0.5 | · | 0.3 | 0.4 | 0.3 | · | 0.3 | |
| P/B | 3.2 | 3.4 | · | 4.4 | 4.1 | 3.0 | · | 4.1 | 3.7 | 3.0 | · | 4.6 | 6.2 | 4.9 | · | 4.5 | |
| P / Cash Flow | · | 9.9 | · | · | · | 15.3 | · | · | · | 17.5 | · | · | · | 13.5 | · | · | |
| Earnings Yield | 13.9% | 10.2% | · | 7.4% | 9.1% | 11.6% | · | 18.8% | 20.5% | 24.5% | · | 6.7% | 5.7% | 6.5% | · | 9.8% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $21.31B | $20.68B | $20.56B | $19.17B | $19.48B |
| Operating Margin % | 16.5% | 28.8% | 12.2% | 12.2% | 14.7% |
| Net Income | $2.37B | $4.06B | $1.31B | $1.00B | $1.48B |
| Diluted EPS | $15.49 | $32.70 | $5.71 | $3.79 | $8.42 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.8 | 1.5 | 1.3 | 1.4 |
| Quick Ratio | 1.2 | 1.3 | 0.9 | 0.8 | 1.0 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $2.53B | $1.12B | $1.62B | $321M | $910M |
Institutional owners (13F) 770 filers · $16.0B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
770
Value held
$16.0B
New positions
96
Exited positions
97
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 96 (-23 vs prior Q) | 97 (-1 vs prior Q) | 245 (+18 vs prior Q) | 270 (-18 vs prior Q) | +2.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $1,759,867,896 | 8,856,018 | 10.98% | Shares |
| BlackRock, Inc. | $1,635,641,325 | 8,743,005 | 10.20% | Shares |
| Boston Partners | $829,063,147 | 4,433,360 | 5.17% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $792,865,245 | 4,238,108 | 4.95% | Shares |
| FMR LLC | $747,299,553 | 3,994,545 | 4.66% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $728,524,878 | 3,894,189 | 4.54% | Shares |
| PeakShares LLC | $515,031,000 | 2,753 | 3.21% | Shares |
| STATE STREET CORP | $514,711,333 | 2,751,290 | 3.21% | Shares |
| GLENVIEW CAPITAL MANAGEMENT, LLC | $418,248,395 | 2,235,666 | 2.61% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $352,719,448 | 1,884,982 | 2.20% | Shares |
| CITADEL ADVISORS LLC | $330,307,700 | 1,765,596 | 2.06% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $319,617,387 | 1,708,453 | 1.99% | Shares |
| AMERIPRISE FINANCIAL INC | $311,455,335 | 1,664,068 | 1.94% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $271,349,653 | 1,450,408 | 1.69% | Shares |
| Invesco Ltd. | $265,082,632 | 1,416,948 | 1.65% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $231,589,138 | 1,237,915 | 1.44% | Shares |
| NORGES BANK | $227,160,019 | 1,214,240 | 1.42% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $198,266,419 | 1,067,556 | 1.24% | Shares |
| ALLIANCEBERNSTEIN L.P. | $171,777,052 | 910,270 | 1.07% | Shares |
| MANNING & NAPIER ADVISORS LLC | $168,760,895 | 901,645 | 1.05% | Shares |
| BANK OF AMERICA CORP /DE/ | $159,926,924 | 854,858 | 1.00% | Shares |
| MORGAN STANLEY | $155,578,325 | 831,612 | 0.97% | Shares |
| EMINENCE CAPITAL, LP | $149,137,890 | 790,302 | 0.93% | Shares |
| NORTHERN TRUST CORP | $146,159,056 | 781,265 | 0.91% | Shares |
| Pentwater Capital Management LP | $143,116,200 | 765,000 | 0.89% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $120,964,619 | 646,593 | 0.75% | Shares |
| Bank of New York Mellon Corp | $106,342,118 | 568,432 | 0.66% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $102,042,786 | 545,450 | 0.64% | Shares |
| UBS Group AG | $98,956,713 | 528,954 | 0.62% | Shares |
| RAYMOND JAMES FINANCIAL INC | $92,276,869 | 493,248 | 0.58% | Shares |
| MILLENNIUM MANAGEMENT LLC | $86,334,988 | 461,487 | 0.54% | Shares |
| GOLDMAN SACHS GROUP INC | $84,900,206 | 453,817 | 0.53% | Shares |
| Nuveen, LLC | $84,811,222 | 453,342 | 0.53% | Shares |
| Allianz Asset Management GmbH | $84,704,773 | 452,773 | 0.53% | Shares |
| FRANKLIN RESOURCES INC | $83,954,021 | 448,760 | 0.52% | Shares |
| Clearbridge Investments, LLC | $80,780,416 | 431,796 | 0.50% | Shares |
| JPMORGAN CHASE & CO | $76,353,569 | 403,961 | 0.48% | Shares |
| JANE STREET GROUP, LLC | $69,601,243 | 372,040 | 0.43% | Shares |
| CITIGROUP INC | $63,237,249 | 338,023 | 0.39% | Shares |
| SEI INVESTMENTS CO | $57,122,908 | 305,338 | 0.36% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $55,077,191 | 294,407 | 0.34% | Shares |
| HSBC HOLDINGS PLC | $53,985,031 | 289,055 | 0.34% | Shares |
| BW Gestao de Investimentos Ltda. | $52,347,042 | 279,811 | 0.33% | Shares |
| Empowered Funds, LLC | $50,406,835 | 269,440 | 0.31% | Shares |
| Allspring Global Investments Holdings, LLC | $49,328,262 | 257,993 | 0.31% | Shares |
| WELLS FARGO & COMPANY/MN | $48,109,931 | 257,162 | 0.30% | Shares |
| Khrom Capital Management LLC | $45,669,595 | 244,118 | 0.28% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $45,535,272 | 243,400 | 0.28% | Put option |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $44,683,684 | 238,848 | 0.28% | Shares |
| Meridiem Capital Partners LP | $42,381,477 | 226,542 | 0.26% | Shares |
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| GLENVIEW CAPITAL MANAGEMENT, LLC, LARRY ROBBINS ×12 filings | April 22, 2021 | · | Initial filing | · | SEC |
| Tenet Healthcare Corporation ×2 filings | Oct. 1, 2013 | · | Initial filing | · | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 3, 2002 | · | Initial filing | · | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 58 insiders · 27 officers · 30 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Saumya Sutaria | CEO | Aug. 25, 2026 S | 433,564 | 0 | 5 | $-27,636,334 |
| Trevor Fetter | Chairman and CEO | March 10, 2017 M | 1,108,162 | 0 | 0 | $0 |
| Sun Park | EVP & Chief Financial Officer | Feb. 27, 2026 M | 19,438 | 0 | 0 | $0 |
| Daniel J Cancelmi | Former EVP & CFO | Dec. 29, 2023 M | 474,912 | 0 | 0 | $0 |
| Biggs C Porter | Chief Financial Officer | Feb. 29, 2012 A | 466,569 | 0 | 0 | $0 |
| Stephen D Farber | Chief Financial Officer | March 3, 2005 D | 26,317 | 0 | 0 | $0 |
| Lisa Y Foo | EVP, Chief Operating Officer | Aug. 31, 2026 S | 8,053 | 0 | 2 | $-8,971,980 |
| Stephen L Newman | Chief Operating Officer | March 6, 2011 D | 404,293 | 0 | 0 | $0 |
| Paola M Arbour | EVP, Chief Information Officer | July 27, 2026 S | 18,413 | 0 | 2 | $-4,202,939 |
| Thomas W Arnst | EVP, Chief Admin. Officer & GC | March 9, 2026 S | 12 | 0 | 3 | $-7,527,738 |
| Scott R. Ramsey | Principal Accounting Officer | Feb. 27, 2026 M | 0 | 0 | 6 | $-4,598,016 |
| Ronald A Rittenmeyer | Former Executive Chairman | Sept. 30, 2022 M | 444,671 | 0 | 0 | $0 |
| Howard Hacker | EVP, Chief Compliance Officer | Feb. 25, 2022 M | 6,386 | 0 | 0 | $0 |
| Marie Quintana | EVP, Marketing/Communications | Feb. 25, 2022 M | 10,221 | 0 | 0 | $0 |
| Audrey T. Andrews | EVP & General Counsel | Dec. 31, 2021 M | 10,354 | 0 | 0 | $0 |
| Sandra R Karrmann | EVP & Chief HR Officer | Feb. 28, 2020 M | 8,309 | 0 | 0 | $0 |
| Keith B Pitts | Vice Chairman | Aug. 23, 2019 M | 336,877 | 0 | 0 | $0 |
| Jason Eric Evans | Pres. of Hospital Operations | April 30, 2018 M | 44,206 | 0 | 0 | $0 |
| Britt T Reynolds | Pres. of Hospital Operations | March 10, 2016 A | 96,169 | 0 | 0 | $0 |
| Cathy Fraser | Senior Vice President | Feb. 28, 2013 A | 74,330 | 0 | 0 | $0 |
| Gary K. Ruff | SVP and General Counsel | Nov. 19, 2012 S | 21,235 | 0 | 0 | $0 |
| Peter E Urbanowicz | General Counsel and Secretary | March 1, 2008 M | 121,528 | 0 | 0 | $0 |
| Jennifer Daley | SVP, Clinical Quality | July 1, 2007 M | 29,452 | 0 | 0 | $0 |
| Timothy L Pullen | EVP, Chief Accounting Officer | April 3, 2007 S | 0 | 0 | 0 | $0 |
| Reynold J Jennings | Vice Chairman | March 3, 2007 M | 152,942 | 0 | 0 | $0 |
| Randolph W Smith | EVP & President | March 3, 2004 A | · | 0 | 0 | $0 |
| Barry P Schochet | Vice Chairman | March 3, 2004 A | · | 0 | 0 | $0 |
| KERREY J ROBERT | Director | Sept. 14, 2026 S | 4,794 | 0 | 8 | $-4,151,249 |
| Richard J Mark | Director | Sept. 10, 2026 S | 25,121 | 0 | 1 | $-2,634,200 |
| Nadja West | Director | Sept. 2, 2026 S | 23,653 | 0 | 3 | $-1,260,278 |
| Cecil D Haney | Director | Aug. 28, 2026 G | 12,403 | 0 | 1 | $-361,439 |
| Christopher S. Lynch | Director | July 27, 2026 S | 9,568 | 0 | 1 | $-934,079 |
| James L Bierman | Director | July 27, 2026 S | 31,604 | 0 | 1 | $-1,224,800 |
| Vineeta Agarwala | Director | May 27, 2026 A | 4,446 | 0 | 0 | $0 |
| Meghan Fitzgerald | Director | May 27, 2026 A | 17,087 | 0 | 0 | $0 |
| Richard W Fisher | Director | May 27, 2026 A | 9,632 | 0 | 1 | $-521,075 |
| Stephen H Rusckowski | Director | May 23, 2025 M | 5,233 | 0 | 0 | $0 |
| Lloyd J. Austin III | Director | May 29, 2020 A | 29,868 | 0 | 0 | $0 |
| Edward A Kangas | Director | Aug. 28, 2019 S | 47,138 | 0 | 0 | $0 |
| Brenda J Gaines | Director | May 3, 2019 A | 93,933 | 0 | 0 | $0 |
| Richard Pettingill | Director | May 9, 2017 M | 79,836 | 0 | 0 | $0 |
| Karen M Garrison | Director | May 9, 2017 M | 80,061 | 0 | 0 | $0 |
| Peter M Wilver | Director | May 5, 2017 A | 28,889 | 0 | 0 | $0 |
| John P Byrnes | Director | May 5, 2017 A | 23,889 | 0 | 0 | $0 |
| Freda C Lewis-Hall | Director | May 13, 2016 A | 15,314 | 0 | 0 | $0 |
| James A Unruh | Director | May 13, 2016 A | 59,071 | 0 | 0 | $0 |
| John Ellis Bush | Director | Dec. 31, 2014 A | 27,790 | 0 | 0 | $0 |
| Floyd D Loop MD | Director | May 11, 2012 A | 99,644 | 0 | 0 | $0 |
| John C Kane | Director | Oct. 28, 2004 A | · | 0 | 0 | $0 |
| Monica C Lozano | Director | Oct. 28, 2004 A | · | 0 | 0 | $0 |
| Van B Honeycutt | Director | Oct. 28, 2004 A | · | 0 | 0 | $0 |
| Lawrence Sj Biondi | Director | June 30, 2004 A | · | 0 | 0 | $0 |
| Sanford Cloud JR | Director | June 30, 2004 A | · | 0 | 0 | $0 |
| Robert Nakasone | Director | Dec. 31, 2003 A | · | 0 | 0 | $0 |
| GLENVIEW CAPITAL MANAGEMENT, LLC | 10% owner | Aug. 16, 2019 P | 19,357,891 | 0 | 0 | $0 |
| Tammy Romo | · | Aug. 7, 2026 S | 28,284 | 0 | 8 | $-7,515,545 |
| Roy Blunt | · | Aug. 5, 2026 S | 4,589 | 0 | 1 | $-157,608 |
| Mcdonald J Williams | · | May 7, 2009 A | 125,800 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 99 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PTH · Invesco Exchange-Traded Fund Trust | 3.81% | 40,427 SH | Oct. 23, 2026 | Daily |
| IHF · iShares Trust | 3.33% | 165,515 SH | Sept. 11, 2026 | Daily |
| BUL · Pacer Funds Trust | 2.81% | 14,477 NS | July 31, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 2.75% | 396,242 NS | July 31, 2026 | N-PORT |
| SMRI · EA Series Trust | 2.57% | 65,049 NS | July 31, 2026 | N-PORT |
| LYLD · Cambria ETF Trust | 2.56% | 728 NS | July 31, 2026 | N-PORT |
| FXH · First Trust Exchange-Traded AlphaDE… | 2.30% | 94,714 NS | July 31, 2026 | N-PORT |
| GRPM · Invesco Exchange-Traded Fund Trust | 2.14% | 48,705 SH | Oct. 23, 2026 | Daily |
| XMVM · Invesco Exchange-Traded Fund Trust | 2.08% | 40,229 SH | Oct. 23, 2026 | Daily |
| BSJS · Invesco Exchange-Traded Self-Indexe… | 1.95% | 15,127,000 | Oct. 23, 2026 | Daily |
| PAMC · Pacer Funds Trust | 1.79% | 3,777 NS | July 31, 2026 | N-PORT |
| PDP · Invesco Exchange-Traded Fund Trust | 1.70% | 89,162 SH | Oct. 23, 2026 | Daily |
| RFG · Invesco Exchange-Traded Fund Trust | 1.49% | 17,254 SH | Oct. 23, 2026 | Daily |
| SYLD · Cambria ETF Trust | 1.32% | 51,569 NS | July 31, 2026 | N-PORT |
| CZA · Invesco Exchange-Traded Fund Trust | 1.04% | 6,935 SH | Oct. 23, 2026 | Daily |
| LSEQ · Harbor ETF Trust | 0.95% | 573 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.91% | 4,627 NS | July 31, 2026 | N-PORT |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.88% | 42,560 SH | Oct. 22, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.84% | 84,993 SH | Aug. 19, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.75% | 11,545 SH | Oct. 23, 2026 | Daily |
| PTMC · Pacer Funds Trust | 0.62% | 9,467 NS | July 31, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.58% | 37,509 SH | Oct. 23, 2026 | Daily |
| BKMC · BNY Mellon ETF Trust | 0.56% | 14,357 NS | July 31, 2026 | N-PORT |
| FTC · First Trust Exchange-Traded AlphaDE… | 0.53% | 27,477 NS | July 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.47% | 37,446 NS | July 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.47% | 1,265 NS | July 31, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 0.46% | 26,845 NS | July 31, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.44% | 139,152 SH | Aug. 19, 2026 | Daily |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.41% | 7,431 NS | July 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.41% | 7,499 NS | July 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.39% | 38,552 NS | July 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.37% | 266 SH | Sept. 11, 2026 | Daily |
| IYH · iShares Trust | 0.36% | 50,015 SH | Sept. 11, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.34% | 1,254,129 SH | Aug. 19, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.32% | 41,449 NS | July 31, 2026 | N-PORT |
| IMCV · iShares Trust | 0.32% | 13,883 SH | Sept. 11, 2026 | Daily |
| SMMD · iShares Trust | 0.31% | 45,587 SH | Sept. 11, 2026 | Daily |
| NFRA · FlexShares Trust | 0.30% | 35,919 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.27% | 29,138 SH | Sept. 11, 2026 | Daily |
| REVS · Columbia ETF Trust I | 0.27% | 3,534 NS | July 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.26% | 5,973 NS | July 31, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.26% | 2,923 NS | Aug. 31, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.25% | 8,070 NS | July 31, 2026 | N-PORT |
| FEX · First Trust Exchange-Traded AlphaDE… | 0.25% | 15,065 NS | July 31, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 23,818 NS | July 31, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.24% | 261,402 SH | Aug. 19, 2026 | Daily |
| IWS · iShares Trust | 0.22% | 127,442 SH | Sept. 11, 2026 | Daily |
| QLC · FlexShares Trust | 0.21% | 8,512 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.21% | 5,394 SH | Sept. 11, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.19% | 1,975,596 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.18% | 988,465 SH | Aug. 19, 2026 | Daily |
| RECS · Columbia ETF Trust I | 0.18% | 40,105 NS | July 31, 2026 | N-PORT |
| LRGF · iShares Trust | 0.17% | 23,980 SH | Sept. 11, 2026 | Daily |
| IWR · iShares Trust | 0.17% | 349,461 SH | Sept. 11, 2026 | Daily |
| IMCB · iShares Trust | 0.16% | 9,988 SH | Sept. 11, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.14% | 82,183 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.13% | 76,275 NS | July 31, 2026 | N-PORT |
| DFLV · Dimensional ETF Trust | 0.12% | 33,184 NS | July 31, 2026 | N-PORT |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.12% | 4,436 SH | Oct. 23, 2026 | Daily |
| DFVX · Dimensional ETF Trust | 0.10% | 1,973 NS | July 31, 2026 | N-PORT |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.10% | 2,859 SH | Oct. 23, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.09% | 169,843 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.09% | 1,865 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.08% | 10,856 NS | July 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.08% | 3,567 SH | Aug. 19, 2026 | Daily |
| VEGN · ETF Series Solutions | 0.07% | 506 NS | July 31, 2026 | N-PORT |
| ILCV · iShares Trust | 0.07% | 3,343 SH | Sept. 11, 2026 | Daily |
| QARP · DBX ETF Trust | 0.06% | 182 NS | Aug. 31, 2026 | N-PORT |
| IUSG · iShares Trust | 0.06% | 75,817 SH | Sept. 11, 2026 | Daily |
| IWD · iShares Trust | 0.06% | 189,528 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.05% | 22,447 NS | July 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.04% | 16,001 SH | Oct. 23, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 51,569 SH | Aug. 19, 2026 | Daily |
| ILCB · iShares Trust | 0.03% | 1,692 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.03% | 27,792 NS | July 31, 2026 | N-PORT |
| VOTE · TCW ETF Trust | 0.03% | 1,443 NS | July 31, 2026 | N-PORT |
| IYY · iShares Trust | 0.03% | 3,770 SH | Sept. 11, 2026 | Daily |
| IWB · iShares Trust | 0.03% | 58,957 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.03% | 23,952 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.03% | 111,592 SH | Sept. 11, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.03% | 19,307 SH | Aug. 19, 2026 | Daily |
| TOV · EA Series Trust | 0.03% | 268 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.03% | 2,528 NS | July 31, 2026 | N-PORT |
| NEAR · iShares U.S. ETF Trust | 0.03% | 1,424,000 SH | Sept. 9, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.02% | 2,735,446 SH | Aug. 19, 2026 | Daily |
| VONE · VANGUARD SCOTTSDALE FUNDS | 0.02% | 14,081 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.02% | 7,191 SH | Aug. 19, 2026 | Daily |
| OMFL · Invesco Exchange-Traded Self-Indexe… | 0.01% | 2,359 SH | Oct. 23, 2026 | Daily |
| DYNF · BlackRock ETF Trust | 0.01% | 21,068 SH | Sept. 11, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.01% | 978 NS | July 31, 2026 | N-PORT |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 72,766 SH | Aug. 19, 2026 | Daily |
| FHEQ · Fidelity Greenwood Street Trust | 0.00% | 3 NS | July 31, 2026 | N-PORT |
| VGHY · VANGUARD FIXED INCOME SECURITIES FU… | · | · | July 15, 2026 | Daily |
| VPLS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| VGMS · VANGUARD MALVERN FUNDS | · | · | July 15, 2026 | Daily |
| IJH · iShares Trust | · | 3,022,561 SH | Sept. 11, 2026 | Daily |
| IJK · iShares Trust | · | 499,130 SH | Sept. 11, 2026 | Daily |
| XJH · iShares Trust | · | 11,767 SH | Sept. 8, 2026 | Daily |
| SMLF · iShares Trust | · | 85,306 SH | Sept. 11, 2026 | Daily |
THC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 28 analysts
BUY
Median target
$285.00
+6.2%
6 21.4%
Strong Buy
17 60.7%
Buy
5 17.9%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
22 analysts · 2026-10-27Mean target $286.41 +6.7%
Now
Current price $268.45
Low$260.00
Mean$286.41
High$315.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| THC | $17.28B | 12.8 | 3.1% | 11.1% | 56.4% | · |
| HCA | $104.86B | 16.5 | 7.1% | 9.0% | -159.1% | · |
| EHC | $10.61B | 19.2 | 10.5% | 9.5% | 25.1% | · |
| UHS | · | 9.4 | 9.7% | 8.6% | 21.4% | · |
| ENSG | $10.12B | 29.8 | 18.7% | 6.8% | 16.9% | · |
| PACS | $6.01B | 31.5 | 29.3% | 3.6% | 23.1% | · |
| CON | $2.53B | 15.1 | 13.9% | 7.7% | 49.8% | · |
| SGRY | $2.00B | -25.3 | 6.2% | -2.4% | -4.5% | · |
| ACHC | $1.28B | -1.2 | 5.0% | -33.3% | -43.9% | · |
| BKD | $2.57B | -9.6 | 2.2% | -8.2% | -313.2% | 26.2% |
Latest News Recent headlines mentioning this company
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Source: SEC 10-Q filed Jul 29, 2026