Ardent Health (ARDT) Cost of Revenue (2023 - 2026)
Ardent Health (ARDT) posted quarterly Cost of Revenue of $268.6 million for Q1 2026, up 3.75% year-over-year from $258.9 million in Q1 2025, and down 3.24% quarter-over-quarter from $277.5 million in Q4 2025.
Ardent Health (ARDT) Cost of Revenue (2023 - 2026) Analysis & Trends
Ardent Health's Cost of Revenue history runs 4 years deep, the most recent figure standing at $268.6 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 3.75% year-over-year to $268.6 million; the TTM figure through Mar 2026 stood at $1.0 billion (up 30.63% YoY), while the FY2025 annual figure was $1.1 billion, up 118.23% from the prior year.
- Cost of Revenue for Q1 2026 stood at $268.6 million, down from $277.5 million in the prior quarter.
- The five-year high for Cost of Revenue was $651.4 million in Q4 2023, with the low at $108.8 million in Q2 2023.
- The 4-year median for Cost of Revenue is $254.2 million (2023), against an average of $243.7 million.
- Peak annual rise in Cost of Revenue reached 138.35% in 2024, while the deepest fall reached 78.3% in 2024.
- Ardent Health's Cost of Revenue stood at $651.4 million in 2023, then plunged by 78.3% to $141.4 million in 2024, then surged by 96.32% to $277.5 million in 2025, then fell by 3.24% to $268.6 million in 2026.
- Business Quant data shows ARDT's Cost of Revenue at $268.6 million in Q1 2026, $277.5 million in Q4 2025, and $198.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 88.19 Bn | 90.61 Bn | 15.19 Bn | 5.04 Bn |
| 2 | Tenet Healthcare | 21.59 Bn | 21.56 Bn | 4.45 Bn | 1.17 Bn |
| 3 | Encompass Health | 12.19 Bn | 12.86 Bn | 1.34 Bn | 254.90 Mn |
| 4 | Davita | 11.52 Bn | 12.39 Bn | 1.16 Bn | 2.39 Bn |
| 5 | Ensign | 10.59 Bn | 10.27 Bn | 306.24 Mn | 1.13 Bn |
| 6 | Universal Health Services | 8.79 Bn | 8.72 Bn | 3.29 Bn | 1.35 Bn |
| 7 | Pacs | 7.04 Bn | 6.88 Bn | 338.46 Mn | 1.09 Bn |
| 8 | Chemed | 6.96 Bn | 6.92 Bn | 221.47 Mn | 451.78 Mn |
| 9 | Concentra Group Holdings Parent | 4.52 Bn | 4.38 Bn | 192.10 Mn | 413.93 Mn |
| 10 | Ardent Health | 1.55 Bn | 1.22 Bn | 1.34 Bn | 279.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 279.62 Mn |
| Jun 30, 2026 | 279.62 Mn |
| Mar 31, 2026 | 268.55 Mn |
| Mar 31, 2026 | 268.55 Mn |
| Dec 31, 2025 | 277.53 Mn |
| Dec 31, 2025 | 277.53 Mn |
| Sep 30, 2025 | 198.71 Mn |
| Sep 30, 2025 | 198.71 Mn |
| Jun 30, 2025 | 270.64 Mn |
| Jun 30, 2025 | 270.64 Mn |
| Mar 31, 2025 | 258.86 Mn |
| Mar 31, 2025 | 258.86 Mn |
| Dec 31, 2024 | 141.37 Mn |
| Dec 31, 2024 | 141.37 Mn |
| Sep 30, 2024 | 117.70 Mn |
| Sep 30, 2024 | 117.70 Mn |
| Jun 30, 2024 | 259.39 Mn |
| Jun 30, 2024 | 259.39 Mn |
| Mar 31, 2024 | 121.83 Mn |
| Mar 31, 2024 | 121.83 Mn |