# Ardent Health Partners (ARDT.US)

Canonical: https://gigainvestors.com/s/ARDT

Analysis as of: 2026-10-16T07:26:34.288Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $12.20 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Down 38% since Aug 2024 · "Why Ardent Health (ARDT) Is Down 37.4% After Revised Earnings Outlook and Reserve Increase" (finance.yahoo.com, Nov 2025)

Story as of 2026-10-16T09:58:19.380Z; price observation 2026-10-15.

- 2025-11-15: Why Ardent Health (ARDT) Is Down 37.4% After Revised Earnings Outlook and Reserve Increase ([finance.yahoo.com](https://finance.yahoo.com/news/why-ardent-health-ardt-down-180932162.html))

- 2026-08-08: Is Ardent Health (ARDT) Cheap On Lowered Guidance And Weaker Q2 Earnings? ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/ardent-health-ardt-cheap-lowered-081255116.html))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in medical care facilities; annual sales are USD 6.3 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1756655/000162828026018174/ardt-20251231.htm (filed 2026-03-16); FY2025: revenue 6324339000; grossProfit 6168636000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); ARDT.US: Ardent Health, Inc. owns and operates a network of hospitals and clinics that provides healthcare services in the United States. The company offers general and specialty services, including internal medicine, general surgery, cardiology, oncology, orthopedics, women's services, neurology, urology, and emergency services within inpatient and ambulatory care settings. It also operates a network of ambulatory facilities and telehealth services, including primary care and specialty care clinics, ambulatory surgery centers, urgent care centers, free-standing emergency departments, and diagnostic imaging centers. The company operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. Ardent Health, Inc. was formerly known as Ardent Health Partners, Inc. and changed its name to Ardent Health, Inc. in June 2025. The company was founded in 2001 and is based in Brentwood, Tennessee. Ardent Health, Inc. is a subsidiary of EGI-AM Investments, L.L.C.

### Why customers stay

Margins ranged from 82.7% to 97.5% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2023: grossProfit / revenue = 97.4%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2024: grossProfit / revenue = 82.7%.

- Source: https://www.sec.gov/Archives/edgar/data/1756655/000162828026018174/ardt-20251231.htm (filed 2026-03-16); FY2025: grossProfit / revenue = 97.5%.

### Where the cash goes

Reinvests 43.2% of cash earnings; paid dividends in 2 of 5 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2021: growth capex 0; upkeep 139003000; owner earnings 152459000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2022: growth capex 12934000; upkeep 138173000; cash acquisitions 0; owner earnings 188909000. Growth capex plus acquisitions / owner earnings = 0.06846682794361306.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2023: growth capex 0; upkeep 137408000; cash acquisitions 0; owner earnings 51696715.34425963. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); FY2024: growth capex 41220000; upkeep 146288000; cash acquisitions 35542000; owner earnings 210343000. Growth capex plus acquisitions / owner earnings = 0.3649372691270924.

- Source: https://www.sec.gov/Archives/edgar/data/1756655/000162828026018174/ardt-20251231.htm (filed 2026-03-16); FY2025: growth capex 56201000; upkeep 155703000; cash acquisitions 2504000; owner earnings 135811000. Growth capex plus acquisitions / owner earnings = 0.43225511924660004.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); Dividend observations: [[2021,62126000],[2022,174811000],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 23.8% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); ARDT.US SharesStats.PercentInsiders = 23.839 percentage points; cache date 2026-10-15.

### What the price says

The price is 0.3 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-16); Closing price 12.2 USD; reporting-to-trading FX 1; FY2025 annual sales per share 44.710676453877525; price multiple 0.2728654757121653. FY2025 cash earnings/share 0.9601322256567145. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2024-07: $17.87 per share

- 2024-08: $19.83 per share

- 2024-09: $18.38 per share

- 2024-10: $17.40 per share

- 2024-11: $15.98 per share

- 2024-12: $17.08 per share

- 2025-01: $15.00 per share

- 2025-02: $14.66 per share

- 2025-03: $13.75 per share

- 2025-04: $12.73 per share

- 2025-05: $14.48 per share

- 2025-06: $13.66 per share

- 2025-07: $10.60 per share

- 2025-08: $12.69 per share

- 2025-09: $13.25 per share

- 2025-10: $14.56 per share

- 2025-11: $8.78 per share

- 2025-12: $8.83 per share

- 2026-01: $8.17 per share

- 2026-02: $9.39 per share

- 2026-03: $8.56 per share

- 2026-04: $9.76 per share

- 2026-05: $9.23 per share

- 2026-06: $9.84 per share

- 2026-07: $10.67 per share

- 2026-08: $10.82 per share

- 2026-09: $10.34 per share

- 2026-10: $12.20 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1756655/000162828026018174/ardt-20251231.htm); period 2025-12-31, filed 2026-03-16.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.