Ardent Health, Inc. (ARDT)
Insiders here have filed 3 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $6.41B
- Net income
- $78.2M
- Net margin
- 1.2%
Heavily indebted for what it earns.
- Total debt
- $2.27B
- Cash
- $724.5M
- Net debt / EBITDA
- 3.84x
Comfortably covers what is due within a year.
- Current assets
- $2.05B
- Current liabilities
- $976.3M
- Current ratio
- 2.10
The business funds itself from operations.
- Operating cash flow
- $510.1M
- Free cash flow
- $300.6M
- FCF margin
- 4.7%
Not funding itself by issuing shares.
- Shares outstanding
- 141.7M
- Share growth (1y)
- 1.0%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
ARDT Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 1.62 B | 1.60 B | 1.61 B | 1.58 B | 1.65 B | 1.50 B |
| Revenue Growth (YoY) | -1.40 % | 6.99 % | -0.08 % | 8.75 % | 11.85 % | 4.04 % |
| Cost of Revenue | 1.53 B | 1.36 B | 928.92 M | 676.96 M | 270.64 M | 258.86 M |
| Gross Profit | 97.11 M | 246.06 M | 676.16 M | 899.78 M | 1.37 B | 1.24 B |
| SG&A Expense | 0.00 | 0.00 | 376.24 M | 645.46 M | 1.03 B | 1.00 B |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 53.91 M | 165.15 M | 571.40 M | 645.46 M | 1.24 B | 1.17 B |
| Operating Income | 43.20 M | 80.91 M | 104.75 M | 254.33 M | 137.28 M | 67.09 M |
| Pretax Income | 43.20 M | 74.59 M | 92.37 M | -2.20 M | 121.99 M | 74.20 M |
| Tax Provision | 8.51 M | 16.10 M | 18.11 M | -3.41 M | 26.29 M | 15.23 M |
| Net Income | 16.90 M | 39.85 M | 44.96 M | -23.48 M | 72.95 M | 41.38 M |
| EPS (Basic) | 0.12 | 0.28 | 0.32 | -0.17 | 0.52 | 0.30 |
| EPS (Diluted) | 0.12 | 0.28 | 0.32 | -0.17 | 0.52 | 0.29 |
| Shares Outstanding | 141.69 M | 141.27 M | 140.76 M | 140.57 M | 140.22 M | 140.06 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.