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| Date | Value |
|---|---|
| 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 |