Ardent Health (ARDT) FCF Margin (2023 - 2026)

Ardent Health (ARDT) recorded quarterly FCF Margin of 3.82% in Q1 2026, down 118.29% quarter-over-quarter from 20.87% in Q4 2025, and down 172.0% on a YoY basis from 5.3% in Q1 2025.

Ardent Health (ARDT) FCF Margin (2023 - 2026) Analysis & Trends

Ardent Health's FCF Margin history runs 4 years deep, the most recent figure standing at 3.82% for Q1 2026.

  • In Q1 2026, FCF Margin fell 172.0% year-over-year to 3.82%; the TTM figure through Mar 2026 stood at 6.6% (up 141.0% YoY), while the FY2025 annual figure was 7.18%, up 206.0% from the prior year.
  • FCF Margin was 3.82% for Q1 2026 at Ardent Health, down from 20.87% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 20.87% in Q4 2025 to a low of 4.21% in Q4 2023.
  • Historically, FCF Margin has averaged 4.51% across 4 years, with a median of 6.14% in 2024.
  • Biggest YoY gain for FCF Margin was 1366 bps in 2025; the steepest drop was 362 bps in 2025.
  • A 4-year view of FCF Margin shows it stood at 4.21% in 2023, then surged by 271 bps to 7.21% in 2024, then surged by 189 bps to 20.87% in 2025, then plunged by 118 bps to 3.82% in 2026.
  • The last three FCF Margin figures came in at 3.82% (Q1 2026), 20.87% (Q4 2025), and 2.52% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 4.68%
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 27.22%
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 6.41%
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 9.50%
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 6.49%
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 4.10%
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 7,234.71%
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 10.81%
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 10.55%
10 Ardent Health 1.27 Bn 652.29 Mn 1.44 Bn -3.82%

Historic Data

Download Data
DateValue
Mar 31, 2026 -3.82%
Dec 31, 2025 20.87%
Sep 30, 2025 2.52%
Jun 30, 2025 6.74%
Mar 31, 2025 -2.10%
Dec 31, 2024 7.21%
Sep 30, 2024 6.14%
Jun 30, 2024 9.47%
Mar 31, 2024 -2.68%
Dec 31, 2023 -4.21%
Sep 30, 2023 9.47%