Surgery Partners (SGRY) vs Tenet Healthcare (THC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Tenet Healthcare (THC) has outperformed Surgery Partners (SGRY) over the past year, gaining 26.9% versus a loss of 32.8%. Over five years, THC leads with a +308.8% price change compared with -66.5% for SGRY. Tenet Healthcare is the larger company by market cap ($20.92 billion vs $1.79 billion), about 11.7 times the size.
On valuation, Tenet Healthcare trades at a lower forward P/E (12.3x vs 49.0x for Surgery Partners).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | SGRY | THC |
|---|---|---|
| Share price | $13.71 | $259.83 |
| Market cap | $1.79B | $20.92B |
| 1-day change | +2.24% | +0.53% |
| YTD return | -11.26% | +30.75% |
| 1-year return | -32.76% | +26.85% |
| 5-year return | -66.54% | +308.79% |
| P/E ratio (TTM) | — | 10.01 |
| Forward P/E | 48.96 | 12.32 |
| EPS (TTM) | $-0.69 | $25.97 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | — | $21.31B |
| Revenue growth (YoY) | — | +3.07% |
| Net income (latest FY) | — | $2.37B |
| Operating margin | — | 16.46% |
| Net margin | — | 11.11% |
| 52-week high | $23.44 | $283.05 |
| 52-week low | $11.41 | $157.58 |
| Distance from 52-week high | -41.51% | -8.20% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +37.27% | +9.81% |
| Average volume | 2.15M | 970.16K |
| Shares outstanding | 130.92M | 80.52M |
| Employees | 16,000 | 77,000 |
| Sector | Health Care | Health Care |
| Industry | Hospital/Nursing Management | Hospital/Nursing Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Tenet Healthcare is about 11.7 times larger than Surgery Partners by market value ($20.92B vs $1.79B).
- THC has outperformed SGRY by 59.6 percentage points over the past year.
About Surgery Partners
SGRY stock →Surgery Partners, Inc., together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.
Health Care · Hospital/Nursing Management · 16,000 employees
About Tenet Healthcare
THC stock →Tenet Healthcare Corporation operates as a diversified healthcare services company in the United States. The company operates through two segments: Hospital Operations and Services, and Ambulatory Care.
Health Care · Hospital/Nursing Management · 77,000 employees
SGRY vs THC FAQ
Which is bigger, Surgery Partners or Tenet Healthcare?
Tenet Healthcare (THC) is larger, with a market capitalization of $20.92B compared with $1.79B for Surgery Partners (SGRY).
Which stock has performed better over the past year, SGRY or THC?
THC returned +26.85% over the past 12 months, compared with -32.76% for SGRY (price return, excluding dividends). Past performance does not predict future results.
Are Surgery Partners and Tenet Healthcare in the same industry?
Yes. Both are classified in the Hospital/Nursing Management industry within the Health Care sector.