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Ardent Health Partners ARDT Medicare — Net patient service revenue

Other product segments

Other managed care
$684.56M+6.1%
Medicaid
$158.86M+6.4%
Self-pay and other
$71.48M-11.7%

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$24.15M+14.4%

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 medicare — net patient service revenue?
Ardent Health Partners (ARDT) reported medicare — net patient service revenue of $669.17M in Q1 2026.
How has Ardent Health Partners's medicare — net patient service revenue changed year-over-year?
Ardent Health Partners's medicare — net patient service revenue increased by 12.3% year-over-year, from $595.64M to $669.17M.
What is the long-term trend for Ardent Health Partners's medicare — net patient service revenue?
Over 3 years (2022 to 2025), Ardent Health Partners's medicare — net patient service revenue has grown at a 5.4% compound annual growth rate (CAGR), from $2.08B to $2.44B.
What does medicare — net patient service revenue mean?
This metric represents the total revenue generated from healthcare services provided to patients covered under the Medicare program. It reflects the financial contribution of government-sponsored healthcare programs to the company's overall top-line performance. Monitoring this figure helps investors assess the company's reliance on and success within the federal healthcare reimbursement landscape.