THC FCF Yield: current value, 10-year range and year-by-year history
Cash & Leverage
THC's fcf yield is right around its 10-year median of 13.0%.
FCF Yield History
THC FCF Yield by year
Yearly range of THC’s fcf yield from 2016 to 2026. Over the full period it ranged from -34.0% to 151.3%, averaging 16.6%.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 11.8% | 16.7% | 23.7% | 13.7% |
| 2025 | 7.8% | 9.3% | 14.5% | 14.5% |
| 2024 | 9.2% | 15.4% | 21.0% | 9.2% |
| 2023 | 4.9% | 10.4% | 20.7% | 14.4% |
| 2022 | 3.9% | 7.2% | 11.9% | 4.5% |
| 2021 | 10.2% | 33.4% | 68.6% | 10.2% |
| 2020 | 13.9% | 62.3% | 151.3% | 67.0% |
| 2019 | 6.4% | 11.7% | 23.9% | 14.0% |
| 2018 | 12.1% | 21.5% | 38.9% | 24.5% |
| 2017 | -34.0% | -20.6% | -13.6% | -22.1% |
| 2016 | 6.4% | 9.9% | 16.9% | 10.3% |
Free cash flow generated divided by market capitalisation. Often more reliable than earnings yield because it reflects actual cash — harder to inflate through accounting choices.
Free Cash Flow / Market Cap × 100%Think of it as the "cash earnings yield" on your investment. High FCF yield vs history suggests the market may be undervaluing the company's real cash generation ability.
- FCF can be lumpy year-to-year due to irregular capex or working capital swings. Look at 3–5 year trends, not single-year readings.
- Businesses intentionally reinvesting for growth will show low or negative FCF yield by design — this metric is less useful for high-growth phase companies.
Is THC FCF Yield High or Low Right Now?
Tenet Healthcare Corporation's FCF Yield is currently 13.7%, which is around average relative to its 10-year historical range. The 10-year median FCF Yield for THC is approximately 13.0%. See all THC valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.