Ardent Health, Inc.ARDT

NYSEHealthcareServices-General Medical & Surgical Hospitals, NEC
Price (close)
$10.54
Market cap
$1.5B
P/E
19.0x
Revenue (TTM)
$6.4B
Net income
$78.2M
Dividend yield
—
1-year total return
-20.1%
Net margin
1.2%
Revenue growth
3.3%
Debt / equity
0.82x

What Ardent Health, Inc. does.

Ardent Health, Inc. was initially formed in Delaware in 2015 as Ardent Health Partners, LLC. On July 17, 2024, Ardent Health Partners, LLC converted from a Delaware limited liability company into a Delaware corporation in connection with its initial public offering and changed its name to Ardent Health Partners, Inc. On June 3, 2025, Ardent Health Partners, Inc. changed its name to Ardent Health, Inc. Ardent Health, Inc. is a holding company that has affiliates that operate acute care hospitals and other healthcare facilities and employ physicians. The terms "Ardent," the "Company," "we," "our" and "us," as used in this Annual Report on Form 10-K ("Annual Report"), refer to Ardent Health, Inc. and its affiliates and, on or prior to July 16, 2024, Ardent Health Partners, LLC and its affiliates, unless stated otherwise or indicated by context. The term "affiliates" includes direct and indirect subsidiaries of Ardent and partnerships and joint ventures in which such subsidiaries are equity owners.

Ardent is a provider of healthcare services in the United States, operating in eight growing mid-sized urban markets across six states: Texas, Oklahoma, New Mexico, New Jersey, Idaho, and Kansas. We deliver care through a system of 30 acute care hospitals, more than 280 sites of care, and over 2,000 providers that are either employed by or affiliated 1 with us, as of December 31, 2025. We hold a leading position in a majority of our markets 2 and believe we are one of the leading healthcare systems based on market share and given our integrated network of hospitals, ambulatory facilities, and physician practices. We operate either independently or in partnership with premier academic medical centers, large not-for-profit hospital systems, community physicians, and a community foundation through our well-established and differentiated joint venture (“JV”) model. Collectively, we operate as a unified organization with a consumer-centric approach to caring for our patients and our communities.

Revenue and profit, by fiscal year.

Fiscal year20212022202320242025
Revenue—$5.1B$5.4B$6.0B$6.3B
Net income—$188.9M$53.9M$210.3M$135.8M

More on ARDT.

Figures from Ardent Health, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.