Buyback Radar
Company reports

Tenet Healthcare

THC

Tenet Healthcare has retired 34.5% of its shares since 2001, from 122,845,249 to 80,519,000.

34.5%retired since 2001
24.8%last 5 years
8.4%last 12 months
81Mshares today

At $267.25 a share, a market value of $21.5B. FCF yield 14.0%, P/E 6.8, trailing twelve months to June 2026.

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 2024123M shares, 200181M200020052010201520202025
1999, 116,752,9262026-07-24, 80,519,000
A share bought in 1999
1.5× more of Tenet Healthcare today, without buying another share. It was one of 116,752,926 shares then. It is one of 80,519,000 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-07-31116,752,92610-K405cover page
20002000-07-31118,065,54010-K405cover page
20012001-07-31122,845,24910-K405cover page
20022002-07-31122,034,84010-Kcover page
20032004-02-27116,363,42010-Kcover page
20042005-02-28117,080,49710-Kcover page
20052006-02-28117,576,89810-Kcover page
20062007-01-31117,901,27210-Kcover page
20072008-01-31118,598,68810-Kcover page
20082009-01-31119,351,54110-Kcover page
20092010-01-29120,287,09810-Kcover page
20102011-01-31121,486,61710-K
20112012-01-31102,498,39810-K
20122013-01-31104,285,64310-K
20132014-01-3196,989,63210-K
20142015-01-3098,494,21210-K
20152016-01-2998,529,35210-K
20162017-01-3199,813,43510-K
20172018-01-31101,107,95510-K
20182019-01-31102,667,33710-K
20192020-01-31104,288,79610-K
20202021-01-31106,196,29510-K
20212022-01-31107,416,70410-K
20222023-01-31102,274,10210-K
20232024-01-3199,995,00010-K
20242025-01-3195,121,00010-K
20252026-01-3086,963,00010-K

Source: all 10-K filings of Tenet Healthcare on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

Every Monday we write about one of these companies.

Read the full story
The stock, long termall time, by TradingView

Loading the chart from TradingView…

All-time chart by TradingView. Open it on TradingView →

Tenet Healthcare buybacks, answered

Is Tenet Healthcare buying back its stock?

Yes. Tenet Healthcare has 8.4% fewer shares outstanding than twelve months ago, 80,519,000 as of July 24, 2026. Over five years the share count is down 24.8%.

How many shares has Tenet Healthcare bought back?

Net of every new share it issued, Tenet Healthcare has 42.3 million fewer shares than at its 2001 peak. That is 34.5% of the company.

How many shares does Tenet Healthcare have outstanding?

80,519,000 shares, as of July 24, 2026, from the cover page of its latest 10-Q. At the 2001 peak it had 122,845,249.

What do Tenet Healthcare's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Tenet Healthcare stock in 2001 owns 1.5 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Tenet Healthcare compare with other cannibal stocks?

Tenet Healthcare ranks No. 222 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: DANA (34.7%), KLA (34.6%), Wolverine World Wide (34.4%), Nucor (34.3%).

Every answer is computed from Tenet Healthcare's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Bill NygrenHarris Associates2,400 shares, $449K, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

Get the Monday buyback report.

Free. Your email goes to Substack, which runs the newsletter. Privacy