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Ardent Health Partners ARDT Medicaid — Net patient service revenue

Other product segments

Other managed care
$684.56M+6.1%
Medicare
$669.17M+12.3%
Self-pay and other
$71.48M-11.7%

Similar metrics at other companies

Tenet Healthcare logo
THCMedicaid — Net operating revenues
$356M-6.3%
National Healthcare logo
NHCMedicaid — Revenue (Gross)
$1.78M-4.7%
Universal Health Services logo
UHSMedicaid — Revenue
$709.9M+34.7%
Encompass Health Corporation logo
EHCMedicaid — Net operating revenues
$46.1M+9.8%
Centene logo
CNCMedicaid — Total revenues
$28.89B+9.3%
RadNet logo
RDNTMedicaid — Total consolidated revenues
$13.99M+19.7%

Other financials

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

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Market cap$1.35B-27.8%
Enterprise value$1.91B-24.3%
P/E10×+1.7×
P/S0.2×-0.1×

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×

Where this comes from

Reported directly by Ardent Health Partners in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Ardent Health Partners’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ardent Health Partners's medicaid — net patient service revenue?
Ardent Health Partners (ARDT) reported medicaid — net patient service revenue of $158.86M in Q1 2026.
How has Ardent Health Partners's medicaid — net patient service revenue changed year-over-year?
Ardent Health Partners's medicaid — net patient service revenue increased by 6.4% year-over-year, from $149.34M to $158.86M.
What is the long-term trend for Ardent Health Partners's medicaid — net patient service revenue?
Over 3 years (2022 to 2025), Ardent Health Partners's medicaid — net patient service revenue has grown at a 0.9% compound annual growth rate (CAGR), from $589.45M to $604.77M.
What does medicaid — net patient service revenue mean?
This metric represents the total revenue generated from healthcare services provided to patients covered under Medicaid programs within a specific business segment. It reflects the company's ability to capture and monetize government-sponsored healthcare demand. Monitoring this figure helps investors assess the scale and stability of the organization's public payer revenue stream.