Ardent Health (ARDT) Cost of Revenue (2023 - 2026)

Ardent Health (ARDT) posted quarterly Cost of Revenue of $165.2 million for Q1 2026, up 26.29% year-over-year from $130.8 million in Q1 2025, and down 40.49% on a QoQ basis from $277.5 million in Q4 2025.

Ardent Health (ARDT) Cost of Revenue (2023 - 2026) Analysis & Trends

Ardent Health (ARDT) has reported Cost of Revenue for 4 consecutive years, with $165.2 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Cost of Revenue rose 26.29% year-over-year to $165.2 million; the TTM figure through Mar 2026 stood at $805.1 million (down 22.74% YoY), while the FY2025 annual figure was $1.1 billion, up 4.82% from the prior year.
  • Cost of Revenue came in at $165.2 million for Q1 2026 at Ardent Health, down from $277.5 million in the prior quarter.
  • The five-year high for Cost of Revenue was $678.3 million in Q4 2024, with the low at -$292.0 million in Q4 2023.
  • Average Cost of Revenue over 4 years is $170.5 million, with a median of $147.2 million recorded in 2025.
  • Across the five-year window, Cost of Revenue soared 332.3% in 2024 and tumbled 59.08% in 2025, its largest moves.
  • Year by year, Cost of Revenue stood at -$292.0 million in 2023, then soared by 332.3% to $678.3 million in 2024, then plunged by 59.08% to $277.5 million in 2025, then tumbled by 40.49% to $165.2 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $165.2 million, $277.5 million, and $198.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 2.85 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 441.75 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 961.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.34 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 241.90 Mn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.10 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 1.28 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.07 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -31.50 Mn
10 Ardent Health 1.43 Bn 814.74 Mn 1.44 Bn 165.15 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 165.15 Mn
Mar 31, 2026 165.15 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 163.70 Mn
Jun 30, 2025 163.70 Mn
Mar 31, 2025 130.77 Mn
Mar 31, 2025 130.77 Mn
Dec 31, 2024 678.27 Mn
Dec 31, 2024 678.27 Mn
Sep 30, 2024 117.70 Mn
Sep 30, 2024 117.70 Mn
Jun 30, 2024 115.32 Mn
Jun 30, 2024 115.32 Mn
Mar 31, 2024 257.78 Mn
Mar 31, 2024 257.78 Mn
Dec 31, 2023 -291.98 Mn
Dec 31, 2023 -291.98 Mn