Ardent Health (ARDT) FCF Margin (2023 - 2026)
Ardent Health (ARDT) posted FCF Margin of 9.74% for Q2 2026, up 5.41 percentage points from 4.33% a year earlier and up 15.26 percentage points from the prior quarter.
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Analysis
Ardent Health (ARDT) FCF Margin (2023 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, FCF Margin at Ardent Health was 4.76%, up 3.01 percentage points year-over-year; for FY2025, it was 4.09%, up 1.95 percentage points from FY2024.
- Annual FCF Margin has increased for three consecutive years, with a three-year change of +7.78 percentage points (FY2022 to FY2025).
- In prior years, Ardent Health's FCF Margin was 2.14% in FY2024 (+0.58 pp), 1.56% in FY2023 (+5.25 pp) and -3.69% in FY2022.
- The Q2 2026 figure stands as the highest quarterly FCF Margin in data going back to Q3 2023.
- On a year-over-year basis, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +1.34 percentage points.
- The strongest year-over-year quarter for FCF Margin in the past five years was Q4 2025, with a gain of 6.30 percentage points; the weakest was Q1 2026, with a drop of 2.33 percentage points.
- According to Business Quant data, FCF Margin for the three prior quarters was -5.51% (Q1 2026), 8.69% (Q4 2025) and 6.06% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | 5.46% |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | -1.15% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 15.08% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 8.41% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | -20.76% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | 7.41% |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | -3.57% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | 3.90% |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 9.01% |
| 10 | Ardent Health | 1.48 Bn | -774.73 Mn | - | 9.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.74% |
| Mar 31, 2026 | -5.51% |
| Dec 31, 2025 | 8.69% |
| Sep 30, 2025 | 6.06% |
| Jun 30, 2025 | 4.33% |
| Mar 31, 2025 | -3.19% |
| Dec 31, 2024 | 2.38% |
| Sep 30, 2024 | 3.19% |
| Jun 30, 2024 | 5.54% |
| Mar 31, 2024 | -2.68% |
| Dec 31, 2023 | 0.75% |
| Sep 30, 2023 | 4.62% |
API Access
Ardent Health FCF Margin 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=fcf-margin&ticker=ARDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=ARDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();