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Stocks · Health care · Services-General Medical & Surgical Hospitals, NEC

Ardent Health, Inc.

ARDT Clue Score55
United States Fiscal year ends December CIK 0001756655
$11.30 +2.08% Close, 9 Oct 2026
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Price $11.30 −21.20% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 18 Jul 2024. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2022Revenue5,129.7Net income188.9EPS, diluted1.50Fiscal year 2023Revenue5,409.5 +5.5%Net income53.9 −71.5%EPS, diluted0.43 −71.3%Fiscal year 2024Revenue5,966.1 +10.3%Net income210.3 +290.2%EPS, diluted1.58 +267.4%Fiscal year 2025Revenue6,324.3 +6.0%Net income135.8 −35.4%EPS, diluted0.96 −39.2%
FY2022FY2023FY2024FY2025
Revenue 5,129.7 5,409.5 5,966.1 6,324.3
Growth +5.5% +10.3% +6.0%
Net income 188.9 53.9 210.3 135.8
Growth −71.5% +290.2% −35.4%
EPS, diluted 1.50 0.43 1.58 0.96
Growth −71.3% +267.4% −39.2%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2022Net margin3.7%Fiscal year 2023Net margin1.0%Fiscal year 2024Net margin3.5%Fiscal year 2025Net margin2.1%
FY2022FY2023FY2024FY2025
Net margin 3.7% 1.0% 3.5% 2.1%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2022Operating cash flow−38.4Dividends paid−174.8Fiscal year 2023Operating cash flow221.7Dividends paid0.0Fiscal year 2024Operating cash flow315.0Dividends paid0.0Fiscal year 2025Operating cash flow470.5
FY2022FY2023FY2024FY2025
Operating cash flow −38.4 221.7 315.0 470.5
Dividends paid −174.8 0.0 0.0 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash456.1Shareholders’ equity1,039.5Fiscal year 2023Cash437.6Total debt1,186.9Net cash (debt)−749.3Shareholders’ equity670.9Debt to equity1.77Fiscal year 2024Cash556.8Total debt1,095.1Net cash (debt)−538.3Shareholders’ equity1,131.4Debt to equity0.97Fiscal year 2025Cash709.6Total debt1,099.2Net cash (debt)−389.6Shareholders’ equity1,287.9Debt to equity0.85
FY2022FY2023FY2024FY2025
Cash 456.1 437.6 556.8 709.6
Total debt n/a 1,186.9 1,095.1 1,099.2
Net cash (debt) n/a −749.3 −538.3 −389.6
Shareholders’ equity 1,039.5 670.9 1,131.4 1,287.9
Debt to equity n/a 1.77 0.97 0.85

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
6.1% 2.8% 6.1% 4.5%
3.7% 1.0% 3.5% 2.1%
Spending
1.5% 2.1% 2.2% 2.2%
14.8% 14.9% 17.4% 19.6%
Returns
18.2% 8.0% 18.6% 10.5%
n/a 1.1% 4.2% 2.6%
Balance and payout
n/a 1.77 0.97 0.85
n/a 77.1% 69.3% 68.1%
92.5% 0.0% 0.0% n/a