Ardent Health (ARDT) EV to FCF (2024 - 2026)
Ardent Health's (ARDT) EV to FCF was 3.50 for Q2 2026, down 73.2% from 13.06 a year earlier but up 24.8% from the prior quarter.
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Analysis
Ardent Health (ARDT) EV to FCF (2024 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Ardent Health's EV to FCF came in at -2.83; for FY2025, it came in at 3.67, down 75.1% from FY2024.
- By year, EV to FCF came in at 14.76 in FY2024.
- Five-year quarterly EV to FCF spans a low of 2.81 in Q1 2026 and a high of 24.57 in Q3 2024.
- Year over year, EV to FCF has now declined in each of the last four quarters, with an average decline of 70.6% over the last four quarters.
- Per Business Quant data, the three quarters before Q2 2026 came in at 2.81 (Q1 2026), 3.67 (Q4 2025) and 10.69 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn |
| 10 | Ardent Health | 2.53 Bn | 112.54 Mn | 1.34 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.83 |
| Jun 30, 2026 | 2.19 |
| Mar 31, 2026 | 2.81 |
| Dec 31, 2025 | 3.67 |
| Sep 30, 2025 | 8.17 |
| Jun 30, 2025 | 13.06 |
| Mar 31, 2025 | 12.43 |
| Dec 31, 2024 | 14.76 |
| Sep 30, 2024 | 24.57 |
API Access
Ardent Health EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ARDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "ARDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=ARDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();