Ardent Health, Inc. (ARDT) vs Astrana Health, Inc. (ASTH)

Ardent Health, Inc. and Astrana Health, Inc. are both Medical Care Facilities companies. Astrana Health, Inc. is the larger, with a market value of $1.7B against $1.5B — 1.2× the size. Ardent Health, Inc. trades at the lower P/E: 19.2× against 43.6×. Astrana Health, Inc. grew revenue faster over the last twelve months: 58.9% against 3.34%. Ardent Health, Inc. has the higher net margin (1.22% vs 1.05%) and the higher return on invested capital (7.59% vs 4.56%). Across the 20 metrics below, Ardent Health, Inc. leads on 17 and Astrana Health, Inc. on 3.

Valuation

Metric ARDT ASTH Medical Care Facilities median
P/E 19.16 43.64 19.16
P/S 0.23 0.46 0.90
P/B 0.86 2.12 2.91
Price to free cash flow 4.90 18.85 12.62
EV/EBITDA 4.39 13.77 10.06
EV/Sales 0.29 0.60 1.35
Earnings yield 5.22% 2.29% 2.30%
Free cash flow yield 20.41% 5.31% 4.14%

Profitability

Metric ARDT ASTH Medical Care Facilities median
Gross margin 100.00% 10.46% 30.78%
Operating margin 4.03% 2.61% 5.74%
Net margin 1.22% 1.05% 2.32%
Free cash flow margin 4.76% 2.46% 5.46%
Return on equity 4.61% 5.03% 8.76%
Return on assets 1.52% 2.18% 2.18%
Return on invested capital 7.59% 4.56% 5.40%

Growth

Metric ARDT ASTH Medical Care Facilities median
Revenue growth (TTM) 3.34% 58.91% 7.12%
EPS growth (last fiscal year) (39.24%) (48.89%) —
Revenue growth, 5-year CAGR — 35.87% 9.58%
Net income growth, 5-year CAGR — (9.81%) 0.00%

Health

Metric ARDT ASTH Medical Care Facilities median
Debt to equity 0.63 1.11 0.30
Current ratio 2.10 1.23 1.22
Net debt to EBITDA 0.80 4.75 1.32

Dividend

Metric ARDT ASTH Medical Care Facilities median
Dividend yield — 0.22% 0.85%
Payout ratio — 0.00 0.00

Size

Metric ARDT ASTH Medical Care Facilities median
Market cap 1.48b 1.71b 1.34b

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