COMPARE · Data as of August 21, 2026
FMS vs THC
Verdict: Side-by-side breakdown using the Bull Rankings model. FMS scored 72.8, THC scored 49.5 — FMS leads.
Compare another set
FMS
Fresenius Medical Care AG
72.8
$23.43 · $12.5B
Score gap
23.3
FMS leads
THC
Tenet Healthcare Corporation
49.5
$280.77 · $22.6B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- CheapestTHC10.9x
- Fastest growthFMS+5.9%
- Strongest balance sheetFMS0.81
- Highest qualityTHC84 / 100
- Largest discount to fair valueFMS-58%
Side by side · every name on one set of axes
Growth against the P/E multiple. Up and to the right is cheaper and faster — the quality-growth idea in one picture. Points beyond the axis are pinned to the edge and marked off-scale rather than allowed to compress everything else.
The model, pillar by pillar (0–100 each)
FMS
stronger →← stronger
THC
74
Qualityreturns · margins · balance sheet
84
75
Growthrevenue & earnings expansion
35
81
Valuevaluation vs sector peers
42
FMS is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
FMS
THC
$1.1bC+
FCF
$3.0bB
+5.9%C+
Rev
+5.4%C+
0.81C+
D/E
1.52C
12.1xA
P/E
10.9xA
0.83B+
PEG
1.96C+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Valuation · DCF cross-check
FMS
THC
58% below
Price vs fair valuelower is cheaper
33% below
~-6%/yr
Growth the price implies10-yr FCF · lower = less priced in
~-9%/yr
+82%
1-yr DCF upside
+59%
+140%
5-yr DCF upside
+50%
+263%
10-yr DCF upside
+38%
The DCF is a cross-check on intrinsic value, separate from the quality-growth score above.
Model signals
FMS
Why this score
- Buying back stock
- Foreign reporter (EUR)
THC
Why this score
- Buying back stock
- Durable high returns
The companies
FMSFresenius Medical Care AG
Why now
Medical Care Facilities · market cap $12.5b. 15% off the 52-week high of $27.64. PEG 0.83 — paying under fair value for the growth rate. 7 sell-side analysts rate this a Hold with a mean 1-yr target of $26.02 (implying +11% upside).
Moat
Net margin 24% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 12% meets the long-run market sustainable threshold — solid but not differentiated; the durability comes from elsewhere.
Risk
Value re-rating depends on a catalyst. Without one — analyst day, divestiture, margin recovery, capital return — the stock can stay cheap on these multiples for years.
THCTenet Healthcare Corporation
Why now
Medical Care Facilities · market cap $22.6b. Trading near 52-week high of $280.89 — momentum setup, limited technical margin of safety. 21 sell-side analysts rate this a Strong Buy with a mean 1-yr target of $282.48 (implying +1% upside).
Moat
Net margin 15% beats the market median by a meaningful margin — the company is keeping more of every revenue dollar than the average S&P constituent. ROE 68% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. FCF converts 95% of net income — earnings translate cleanly into cash, a sign that working capital and capex are well-disciplined.
Risk
Trading within 0% of the 52-week high — limited technical margin of safety; a momentum reversal would test conviction.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where FMS and THC diverge
On the headline score the gap is 23.3 points in favor of FMS. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- GrowthFMS 75.3 · THC 34.7FMS +40.6
- ValueFMS 80.6 · THC 41.7FMS +38.9
- QualityFMS 74.2 · THC 84.1THC +9.9
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.