EHC vs. THC

Last updated Apr 1, 2026

Compare and contrast key facts about Encompass Health Corporation (EHC) and Tenet Healthcare Corporation (THC).

Performance

EHC vs. THC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Encompass Health Corporation (EHC) and Tenet Healthcare Corporation (THC). The values are adjusted to include any dividend payments, if applicable.

EHC vs. THC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EHC Encompass Health Corporation	-8.70%	15.67%	39.17%	12.62%	16.77%	-19.90%	21.42%	14.26%	26.89%
THC Tenet Healthcare Corporation	-5.04%	57.43%	67.04%	54.89%	-40.27%	104.58%	5.00%	121.88%	13.06%

Fundamentals

Market Cap EHC : $9.87B THC : $16.59B
EPS EHC : $5.54 THC : $15.73
PE Ratio EHC : 17.45 THC : 12.00
PEG Ratio EHC : 1.46 THC : 0.12
PS Ratio EHC : 1.67 THC : 0.79
PB Ratio EHC : 3.07 THC : 3.93
Total Revenue (TTM) EHC : $5.94B THC : $21.31B
Gross Profit (TTM) EHC : $2.69B THC : $11.91B
EBITDA (TTM) EHC : $1.21B THC : $4.47B

Returns By Period

In the year-to-date period, EHC achieves a -8.70% return, which is significantly lower than THC's -5.04% return.

EHC

• 1D: -0.81%
• 1M: -10.34%
• YTD: -8.70%
• 6M: -23.60%
• 1Y: -3.88%
• 3Y*: 22.20%
• 5Y*: 9.09%
• 10Y*: —

THC

• 1D: 0.38%
• 1M: -21.17%
• YTD: -5.04%
• 6M: -7.06%
• 1Y: 40.30%
• 3Y*: 46.99%
• 5Y*: 29.81%
• 10Y*: 20.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

EHC vs. THC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EHC

EHC Risk / Return Rank: 34
EHC Sharpe Ratio Rank: 35
EHC Sortino Ratio Rank: 30
EHC Omega Ratio Rank: 30
EHC Calmar Ratio Rank: 38
EHC Martin Ratio Rank: 38

THC

THC Risk / Return Rank: 74
THC Sharpe Ratio Rank: 74
THC Sortino Ratio Rank: 70
THC Omega Ratio Rank: 70
THC Calmar Ratio Rank: 76
THC Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EHC vs. THC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Encompass Health Corporation (EHC) and Tenet Healthcare Corporation (THC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EHC	THC	Difference
Sharpe ratio Return per unit of total volatility	-0.14	0.94	-1.08
Sortino ratio Return per unit of downside risk	-0.01	1.56	-1.57
Omega ratio Gain probability vs. loss probability	1.00	1.21	-0.21
Calmar ratio Return relative to maximum drawdown	-0.13	1.80	-1.93
Martin ratio Return relative to average drawdown	-0.30	5.43	-5.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EHC vs. THC - Sharpe Ratio Comparison

The current EHC Sharpe Ratio is -0.14, which is lower than the THC Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of EHC and THC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EHC	THC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	0.94	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.68	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.12	+0.34

Correlation

The correlation between EHC and THC is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EHC vs. THC - Dividend Comparison

EHC's dividend yield for the trailing twelve months is around 0.74%, while THC has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
EHC Encompass Health Corporation	0.74%	0.66%	0.51%	0.90%	20.45%	1.72%	1.35%	1.59%	1.69%	0.51%
THC Tenet Healthcare Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

EHC vs. THC - Drawdown Comparison

The maximum EHC drawdown since its inception was -39.54%, smaller than the maximum THC drawdown of -98.28%. Use the drawdown chart below to compare losses from any high point for EHC and THC.

Drawdown Indicators

	EHC	THC	Difference
Max Drawdown Largest peak-to-trough decline	-39.54%	-98.28%	+58.74%
Max Drawdown (1Y) Largest decline over 1 year	-26.09%	-23.20%	-2.89%
Max Drawdown (5Y) Largest decline over 5 years	-38.16%	-58.88%	+20.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-71.68%	—
Current Drawdown Current decline from peak	-23.81%	-22.91%	-0.90%
Average Drawdown Average peak-to-trough decline	-11.97%	-51.67%	+39.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.38%	7.69%	+3.69%

Volatility

EHC vs. THC - Volatility Comparison

The current volatility for Encompass Health Corporation (EHC) is 7.76%, while Tenet Healthcare Corporation (THC) has a volatility of 9.59%. This indicates that EHC experiences smaller price fluctuations and is considered to be less risky than THC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EHC	THC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.76%	9.59%	-1.83%
Volatility (6M) Calculated over the trailing 6-month period	17.63%	28.64%	-11.01%
Volatility (1Y) Calculated over the trailing 1-year period	27.81%	43.18%	-15.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.45%	44.21%	-18.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.15%	56.33%	-28.18%

Financials

EHC vs. THC - Profitability Comparison

The chart below illustrates the profitability comparison between Encompass Health Corporation and Tenet Healthcare Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

EHC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Encompass Health Corporation reported a gross profit of 743.50M and revenue of 1.54B. Therefore, the gross margin over that period was 48.1%.

THC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tenet Healthcare Corporation reported a gross profit of 2.30B and revenue of 5.53B. Therefore, the gross margin over that period was 41.5%.

EHC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Encompass Health Corporation reported an operating income of -9.60M and revenue of 1.54B, resulting in an operating margin of -0.6%.

THC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tenet Healthcare Corporation reported an operating income of 853.00M and revenue of 5.53B, resulting in an operating margin of 15.4%.

EHC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Encompass Health Corporation reported a net income of 146.10M and revenue of 1.54B, resulting in a net margin of 9.5%.

THC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tenet Healthcare Corporation reported a net income of 371.00M and revenue of 5.53B, resulting in a net margin of 6.7%.