BrightSpring Health Services, Inc. vs TENET HEALTHCARE CORP, two Medical Care stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
The margin gap runs seven-fold: Tenet keeps 24.1% of revenue as operating profit running hospitals and surgery centers, BrightSpring 3.4% delivering home and community care. Every downstream line widens it, net margins of 12.4% against 2.3%, returns on assets of 8.5% against 5%. Then the multiples invert everything: 9.8 times earnings for Tenet, 49.1 for BrightSpring, a five-fold premium for the thinner business. What the spread prices is direction and durability: home care is where policy wants patients, hospitals are where margins currently live, and Tenet's 20.4% free-cash yield says the market doubts the living arrangement lasts. One page pays for the future's setting; the other collects rent from the present's.
Comparison updated 2026-07-10.
| Metric | BTSG | THC |
|---|---|---|
| Price | $68.80 | $187.50 |
| Market cap | $15.2B | $16.4B |
| Sector | Medical Care | Medical Care |
| Stage | Growth | Mature |
| P/E | 49.1 | 9.8 |
| P/B | 7.69 | 2.45 |
| P/S | 1.12 | 0.77 |
| EV/EBITDA | 41.7 | 5.6 |
| Revenue growth | +28.0% | +4.5% |
| Gross margin | 13.3% | — |
| Operating margin | 3.4% | 24.1% |
| Net margin | 2.3% | 12.4% |
| Return on equity | 15.7% | 39.5% |
| Return on assets | 5.0% | 8.5% |
| Return on invested capital | 7.2% | 15.5% |
| FCF yield | 2.7% | 20.4% |
| Debt / equity | 1.29 | 1.97 |
| Current ratio | 1.74 | 1.36 |
| Altman Z (solvency) | 4.65 | 1.58 |
| Piotroski F (quality) | 5 / 9 | 7 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.