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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Gross margin97.5%-0.1pp97.5%-0.1pp97.6%0.0pp97.6%0.0pp97.6%0.0pp
Net margin2.1%-0.1pp2.1%-1.1pp3.2%-0.9pp4.1%+0.4pp3.7%+0.2pp
Returns
Return on equity10.7%-0.5pp11.2%-7.0pp18.3%-7.3pp25.6%+5.9pp19.7%-3.7pp
Return on invested capital14.6%+5.2pp9.4%-11.1pp20.5%-2.3pp22.8%
Efficiency
Asset turnover1.3×0.0×1.2×0.0×1.3×0.0×1.3×
Liquidity
Current ratio2.1×+0.2×-0.1×2.1×-0.1×2.1×0.0×2.1×+0.2×
Leverage
Debt-to-equity0.9×-1.0×1.8×+0.9×0.9×0.0×0.9×-0.1×-1.1×
Net debt / EBITDA1.1×-2.2×3.3×+2.4×0.0×-0.1×1.1×-1.9×
Per Share
Book value per share$9.43+3.6%$9.11+3.8%$8.77-1.1%$8.87+6.1%$8.35-2.0%
Valuation
Market capitalization$1.35B-27.8%$1.26B-33.3%$1.9B+0.5%$1.89B-3.9%$1.96B-19.5%
Price / earnings10×+1.7×9.3×+0.1×9.2×+1.8×7.4×-1.3×8.7×-2.9×
Price / sales0.2×-0.1×0.2×-0.1×0.3×0.0×0.3×0.0×0.3×-0.1×
Price / book-0.6×-0.5×1.5×0.0×1.5×-0.2×1.7×-0.5×
EV / EBITDA3.8×-0.5×5.9×+1.6×4.3×+0.3×-0.5×4.5×-2.8×

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Questions, answered.

Where do Ardent Health Partners's ratios come from?
Every ratio is computed from Ardent Health Partners's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.