Company Analysis

Ardent Health, Inc. (ARDT)

NYSE: ARDT · Services-General Medical & Surgical Hospitals, NEC · Brentwood, TN · filing with the SEC since 2018
Grade4.4
◀ Past 6.1● Present 3.6▶ Future 3.7

The grade of Ardent Health, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.4/10
◀ Past6.130% of the headline
● Present3.640% of the headline
▶ Future3.730% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.1/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2018.

weight 33% of this tense · 73rd percentile among 22 sector filers · read for itself

From the record

Ardent Health, Inc.'s filings since 2018 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.9/10

What has it actually done, year after year?

+7.2% a year over 4 filed years; profitable in 4 of 4.

weight 45% of this tense · 69th percentile among 22 sector filers · read for its customers

From the record

Ardent Health, Inc.'s 4 filed years say what it did: revenue went from $5.1 billion in fiscal 2022 to $6.3 billion in fiscal 2025, up 7.2% a year; it rose in 3 of 3 years; it never fell from a peak; net income was positive in 4 of 4 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.2%top 48% of its family
  • the share of years revenue rosetop 25% of its family
  • the share of filed years with a profittop 25% of its family
  • the deepest fall from a revenue peak0.0%top 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
2.7/10

How has it treated the people who own it?

Share count grew 3.9% a year. 0% of cash flow returned. Insiders: 0 sales, 2 purchases.

weight 22% of this tense · 27th percentile among 22 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Ardent Health, Inc.'s diluted share count grew about 3.9% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 2 purchases of their own stock on the open market in the year to 2026-09-30, buying about $186 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 39% of its family
  • cash returned against operating cash flowbottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
2.8/10

Is it financially healthy right now?

ROE 8%: 8¢ of profit per shareholder dollar. Leverage 68%: owes 68¢ per asset dollar.

weight 33% of this tense · 28th percentile among 22 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ardent Health, Inc. earned about 8 cents of profit for every dollar of shareholders' money. Leverage: it owed about 68 cents per dollar of assets, and net share issuance: its share count grew 6.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 43% of its family
  • return on equitybottom 19% of its family
  • the share count against the year beforebottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 22 in its family; net margin 2.1%.

weight 45% of this tense · 46th percentile among 22 sector filers · read for its customers

From the record

Ardent Health, Inc.'s standing among 22 graded names in its industry family: revenue of $6.3 billion in fiscal 2025 ranks in the top 25% by size; a net margin of 2.1% ranks in the bottom 30%; revenue growth of 7.2% a year over the last 3 filed years ranks in the bottom 34% (its annual reports).

What it rests on

  • revenue against the family$6.32Btop 25% of its family
  • net margin2.1%bottom 30% of its family
  • three-year revenue growth7.2%bottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.6/10

What are the people in charge doing?

bottom 26% of 19 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 26th percentile among 19 sector filers · read for its shareholders

From the record

Ardent Health, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Caspers, Dave (CEO and President, as filed), filing under that title since 2026-07-02, 4 months (bottom 3% of its family); most of the 16 officers and directors filing now have filed since the record of its people begins (2024-07-17), a floor of 2.3 years the record cannot see past, so that part is not read; 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 50%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 16 peopletop 50% of its family
  • the chief executive's years on the record5 monthsbottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.7/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.5/10

How much room does it have to grow?

top 35% of 22 in its family for room to expand.

weight 22% of this tense · 65th percentile among 22 sector filers · read for itself

From the record

Ardent Health, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $710 million against debt of $1.1 billion leaves -6.9% of its assets as net cash, top 26% of its family; cash from operations less capital spending is 7.4% of revenue (top 43%) (its annual report).

What it rests on

  • cash less debt against assets-6.9%top 26% of its family
  • cash from operations less capital spending against revenue7.4%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.1/10

What could actually drive growth from here?

bottom 31% of 22 in its family for growth drivers.

weight 45% of this tense · 31st percentile among 22 sector filers · read for its customers

From the record

Ardent Health, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 7.2% a year over the last three filed years against 7.2% over all 4, speeding up (bottom 27% of its family); the newest year grew 6% (bottom 34%) (its annual reports). Ardent Health, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yearbottom 27% of its family
  • the newest year's revenue growth6.0%bottom 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.6/10

Did its newest year beat what its own record pointed to?

bottom 27% of 22 in its family for expectations against reality.

weight 33% of this tense · 27th percentile among 22 sector filers · read for its shareholders

From the record

Ardent Health, Inc.'s newest year against its own record: revenue of $6.3 billion in fiscal 2025 came in 1.7% below the $6.4 billion its prior three years' pace pointed to (bottom 34% of its family); net income of $136 million against a prior three-year average of $151 million (bottom 16%); a net margin of 2.1% against 2.7% before (bottom 30%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.7%bottom 34% of its family
  • net income against the prior three years' average-10%bottom 16% of its family
  • net margin against its prior average-0.6 pointsbottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ARDT · research, not advice