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Ardent Health Partners ARDT Medicare — Net patient service revenue

Other product segments

Other managed care
$688.45M-4.9%
Medicaid
$159.64M-0.1%
Self-pay and other
$96.13M+4.4%

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Other financials

Income statement

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Revenue$1.6B-1.4%
Gross profit$1.6B-1.6%
Net income$16.9M-76.8%
EPS (diluted)$0.12-76.9%

Balance sheet

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Cash & equivalents$724.5M+34.0%
Total debt$1.2B-0.6%
Total equity$1.4B+7.6%
Total assets$5.3B+5.0%

Cash flow

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Operating cash flow$196.7M+67.4%
CapEx$38.7M-16.3%
Free cash flow$158.1M+122%

Valuation

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Market cap$1.66B+2.7%
Enterprise value$2.09B-6.5%
P/E21.2×+14.9×
P/S0.3×0.0×

Profitability

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Gross margin97.4%-0.1pp
Net margin1.2%-2.9pp
FCF margin4.8%+3.0pp

Returns & leverage

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Return on equity6%-19.6pp
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 source filing: Ardent Health Partners’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 4:07 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-055215
Line itemThree Months Ended June 30, 2026 / AmountThree Months Ended June 30, 2026 / % of TotalThree Months Ended June 30, 2025 / AmountThree Months Ended June 30, 2025 / % of TotalSix Months Ended June 30, 2026 / AmountSix Months Ended June 30, 2026 / % of Total RevenueSix Months Ended June 30, 2025 / AmountSix Months Ended June 30, 2025 / % of Total Revenue
Medicare$651,54440.2%$643,75739.1%$1,320,71241.0%$1,239,39439.5%
Medicaid159,6409.8%159,7339.7%318,5019.9%309,0769.9%
Other managed care688,44842.4%724,05344.0%1,373,01242.6%1,369,20543.6%
Self-pay and other96,1286.0%92,1045.6%167,6115.1%173,0835.4%
Net patient service revenue$1,595,76098.4%$1,619,64798.4%$3,179,83698.6%$3,090,75898.4%
Other revenue26,4851.6%25,6331.6%44,2791.4%51,7561.6%
Total revenue$1,622,245100.0%$1,645,280100.0%$3,224,115100.0%$3,142,514100.0%

Item 6. [Exhibits](#i318ceb938e8c4054acb07fc4f210c650_220) [39](#i318ceb938e8c4054acb07fc4f210c650_220)

FAQ

What is Ardent Health Partners's medicare — net patient service revenue?
Ardent Health Partners (ARDT) reported medicare — net patient service revenue of $651.54M in Q2 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 1.2% year-over-year, from $643.76M to $651.54M.
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.

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