Saturday 17 October 2026
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Ardent Health, Inc.
ARDT Healthcare Medical Care Facilities
Ardent Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.3 billion, up 6.01% from fiscal 2024. In the quarter to June 2026, revenue fell 1.40%, EPS fell 76.9%, free cash flow grew 121.7% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
11.95
0.25
−2.05%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | 14.58 | 8.28 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | 20.72 | 17.29 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | 24,200 | 24,900 | 25,200 | ||||
| Revenue/emp, $m | — | — | — | — | — | 0.00 | 0.00 | 0.22 | 0.24 | 0.25 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | 4,870 | 5,130 | 5,409 | 5,966 | 6,324 | ||||
| Gross margin, % | — | — | — | — | — | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||
| EBT | — | — | — | — | — | 296 | 311 | 152 | 363 | 286 | |||||
| EBT margin, % | — | — | — | — | — | 6.08 | 6.07 | 2.80 | 6.09 | 4.53 | |||||
| Net income | — | — | — | — | — | 245 | 265 | 129 | 300 | 230 | |||||
| Depreciation | — | — | — | — | — | 144 | 144 | 146 | 152 | 160 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 40.67 | 42.89 | 45.05 | 44.93 | ||||
| Earnings | — | — | — | — | — | — | 2.10 | 1.02 | 1.59 | 0.96 | |||||
| Cash flow | — | — | — | — | — | 0.00 | (0.30) | 1.76 | 2.38 | 3.34 | |||||
| Capex | — | — | — | — | — | 0.00 | (1.20) | (1.09) | (1.42) | (1.51) | |||||
| Free cash flow | — | — | — | — | — | 0.00 | (1.50) | 0.67 | 0.96 | 1.84 | |||||
| Book value | — | — | — | — | — | 0.00 | 8.24 | 8.52 | 11.49 | 11.98 | |||||
| Shares, m | — | — | — | — | — | — | 126 | 126 | 132 | 141 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | 11.06 | 11.06 | 11.06 | 9.97 | 9.10 | ||||
| P/S | — | — | — | — | — | 0.36 | 0.36 | 0.36 | 0.38 | 0.20 | |||||
| P/B | — | — | — | — | — | 1.75 | 1.75 | 1.75 | 1.49 | 0.74 | |||||
| EV/Sales | — | — | — | — | — | 0.49 | 0.49 | 0.49 | 0.47 | 0.26 | |||||
| EV/FCF | — | — | — | — | — | 23.86 | 23.86 | 23.86 | 21.96 | 6.31 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | 147 | (38) | 222 | 315 | 471 | ||||
| Capex | — | — | — | — | — | (135) | (151) | (137) | (188) | (212) | |||||
| Free cash flow | — | — | — | — | — | 11 | (189) | 84 | 128 | 259 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | 601 | 624 | 887 | 1,012 | ||||
| Total debt | — | — | — | — | — | — | 1,178 | 1,187 | 1,095 | 1,099 | |||||
| Net debt | — | — | — | — | — | — | 722 | 749 | 538 | 390 | |||||
| Shareholders’ equity | — | — | — | — | — | — | 1,040 | 1,075 | 1,521 | 1,686 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | 8.44 | 1.17 | 4.34 | 2.65 | ||||
| ROIC | — | — | — | — | — | 0.00 | 7.70 | 7.68 | 12.31 | 9.80 | |||||
| ROE | — | — | — | — | — | 0.00 | 0.00 | 5.10 | 16.20 | 8.47 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Ardent Health, Inc. vs peers in Medical Care Facilities (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SGRY Surgery Partners, Inc. | $1.9B | — (loss-making) | — (loss-making) | +2.75% (above 0%: growing) | n/m | −60.63% (below 0%: shrinking) | 22.41% | 12.78% | Compare |
| ASTH Astrana Health, Inc. | $1.9B | 44.3× | 29.7× | +48.52% (above 0%: growing) | +110.53% (above 0%: growing) | −67.74% (below 0%: shrinking) | 10.70% | 3.53% | Compare |
| ARDT Ardent Health, Inc. | $1.7B | 21.7× | 7.7× | −1.40% (below 0%: shrinking) | −76.92% (below 0%: shrinking) | +121.70% (above 0%: growing) | 100.00% | 3.44% | |
| SNDA Sonida Senior Living, Inc. | $1.7B | — (loss-making) | — (loss-making) | +122.02% (above 0%: growing) | n/m | −291.70% (below 0%: shrinking) | 34.97% | (2.63%) | Compare |
| CMPS COMPASS Pathways PLC Sponsored ADR | $1.6B | — (loss-making) | — | — | n/m | −4.18% (below 0%: shrinking) | — | 0.00% | Compare |
| AMN AMN Healthcare Services Inc | $1.6B | 15.0× | 31.2× | +2.29% (above 0%: growing) | n/m | −389.43% (below 0%: shrinking) | 30.58% | 4.00% | Compare |
| AGL Agilon Health, Inc. | $1.5B | — (loss-making) | — (loss-making) | +7.15% (above 0%: growing) | n/m | −50.19% (below 0%: shrinking) | 7.17% | 0.79% | Compare |
| PNTG The Pennant Group, Inc. | $1.5B | 44.5× | 26.9× | +35.76% (above 0%: growing) | +23.81% (above 0%: growing) | −50.94% (below 0%: shrinking) | 14.07% | 5.77% | Compare |
| HCSG Healthcare Services Group, Inc. | $1.5B | 12.2× | 19.2× | +2.69% (above 0%: growing) | n/m | −26.02% (below 0%: shrinking) | 15.89% | 4.72% | Compare |
| Median of peers | $1.6B | 29.7× | 28.3× | +7.15% | — | −55.78% | 15.89% | 3.77% |
Ardent Health, Inc. (ARDT) key facts
- Strength: Ardent Health, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.3 billion, up 6.01% from fiscal 2024.
- Ardent Health, Inc. (ARDT) is a Medical Care Facilities company in the Healthcare sector, listed on the New York Stock Exchange.
- As of October 16, 2026, ARDT traded at $11.95, a market capitalization of $1.7 billion.
- Return on equity was 8.47% and debt-to-equity 0.63.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.97 (grey zone) for fiscal 2025.