TENET HEALTHCARE CORP vs UNIVERSAL HEALTH SERVICES, INC., two Medical Care stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
9.75 and 6.08: two hospital operators, two of the lowest multiples in healthcare, and the pair's question is only which distrust is better founded. Tenet earns the fatter margins, 24.1% operating against 11.2%, aided by its ambulatory surgery pivot; UHS earns the steadier returns, 20.2% on equity against Tenet's geared 39.5%, on a third the leverage. Both shower cash, free-cash yields of 20.4% and 10.2%. Neither is priced for its margins to survive, which means one of these pages is very cheap: the market simply cannot decide whether elevated acuity or behavioral-health steadiness fades first, so it discounts both and waits.
Comparison updated 2026-07-10.
| Metric | THC | UHS |
|---|---|---|
| Price | $187.50 | $145.68 |
| Market cap | $16.4B | $9.0B |
| Sector | Medical Care | Medical Care |
| Stage | Mature | Mature |
| P/E | 9.8 | 6.1 |
| P/B | 2.45 | 1.19 |
| P/S | 0.77 | 0.51 |
| EV/EBITDA | 5.6 | 5.4 |
| Revenue growth | +4.5% | +10.4% |
| Operating margin | 24.1% | 11.2% |
| Net margin | 12.4% | 8.6% |
| Return on equity | 39.5% | 20.2% |
| Return on assets | 8.5% | 9.7% |
| Return on invested capital | 15.5% | 12.0% |
| FCF yield | 20.4% | 10.2% |
| Dividend yield | — | 0.6% |
| Debt / equity | 1.97 | 0.72 |
| Current ratio | 1.36 | 1.08 |
| Altman Z (solvency) | 1.58 | 7.26 |
| Piotroski F (quality) | 7 / 9 | 7 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
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.