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Ardent Health Partners

ARDT

Ardent Health is a leading provider of healthcare services in the United States, operating a consumer-centric ecosystem of acute care hospitals and ambulatory facilities across mid-sized urban markets.

Market cap
$1.66B-8.4%
Revenue$6.4B+6.7%
Net income$134.3M-40.2%
Free cash flow$218.0M+84.2%
EPS (diluted)$0.95-42.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q1 2026

Income statement

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Revenue$1.6B+7.0%
Gross profit$1.6B+6.7%
Net income$39.9M-3.7%
EPS (diluted)$0.28-3.4%

Balance sheet

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Cash & equivalents$609.7M+23.2%
Total debt$1.2B+1.7%
Total equity$1.3B+13.8%
Total assets$5.3B+7.0%

Cash flow

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Operating cash flow-$60.2M-143%
CapEx$28.1M+22.6%
Free cash flow-$88.3M-85.2%

Valuation & ratios

Valuation

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Market cap$1.66B-8.4%
Enterprise value$2.22B-0.5%
P/E12.4×+6.0×
P/S0.3×0.0×

Profitability

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Gross margin97.5%-0.1pp
Net margin2.1%-1.6pp
FCF margin3.4%+1.4pp

Returns & leverage

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Return on equity10.7%-9.0pp
Debt / equity0.9×-0.1×
Current ratio2.1×0.0×

Segments

By product

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Other managed care$684.6M+6.1%
Medicare$669.2M+12.3%
Medicaid$158.9M+6.4%
Self-pay and other$71.5M-11.7%

By segment

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Reportable Segment$1.6B+7.0%

Competitors

Profile

Ardent Health is a leading provider of healthcare services in the United States, operating a consumer-centric ecosystem of acute care hospitals and ambulatory facilities across mid-sized urban markets. The company leverages a differentiated joint venture model with academic medical centers and non-profit systems to expand market share and clinical capabilities. Its core value proposition centers on an integrated, tech-enabled delivery model designed to improve patient outcomes and coordinate care across the full clinical continuum.

Competitive position

Ardent holds a leading market position (first or second in inpatient share) in the majority of its mid-sized urban markets. It differentiates itself through a unique joint venture model with premier academic institutions and a single system-wide instance of the Epic technology platform.

GeographiesUnited States, Texas, Oklahoma, New Mexico, New Jersey, Idaho, Kansas
Customer segmentsPatients, Government Payors, Commercial Insurers
Business modelFee-for-service, Value-based care, Joint Venture, Management Services
SuppliersMedical supply manufacturers, Pharmaceutical companies, Medical device providers, Healthcare technology vendors, Specialized clinical labor
CustomersIndividual patients, Centers for Medicare & Medicaid Services (CMS), Private health insurance carriers, Managed care organizations
Listed2024
CEODave Caspers
FilingsSEC EDGAR

FAQ

What is Ardent Health Partners's market cap?
Ardent Health Partners (ARDT) has a market capitalization of $1.7B and trades on XNYS.
What is Ardent Health Partners's revenue and profitability?
Ardent Health Partners generated $6.4B in trailing twelve-month revenue with net income of $134.3M, representing a net margin of 2.1%. Gross margin stands at 97.5%, with free cash flow of $218.0M. These figures are based on the Q1 2026 filing.
Who are Ardent Health Partners's competitors?
Ardent Health Partners's key competitors include HCA Healthcare, Inc., Community Health Systems, Inc., Tenet Healthcare Corporation, and others. These companies compete in similar markets and product categories.
Who does Ardent Health Partners partner with?
Ardent Health Partners's notable partners include The University of Texas Health Science Center at Tyler, The University of Kansas Hospital Authority, Hackensack Meridian Health, and others.
What subsidiaries does Ardent Health Partners have?
Ardent Health Partners's subsidiaries include UT Health East Texas, Hillcrest HealthCare System, Lovelace Health System, and others.
Where is Ardent Health Partners headquartered?
Ardent Health Partners is headquartered in United States of America. It has been publicly traded since 2024.