Ardent Health (ARDT) Gross Margin (2023 - 2026)
Ardent Health (ARDT) recorded quarterly Gross Margin of 89.69% in Q1 2026, up 8.44% quarter-over-quarter from 82.71% in Q4 2025, and down 158.0% on a YoY basis from 154.64% in Q1 2025.
Ardent Health (ARDT) Gross Margin (2023 - 2026) Analysis & Trends
Ardent Health's Gross Margin history runs 4 years deep, the most recent figure standing at 89.69% for Q1 2026.
- In Q1 2026, Gross Margin fell 158.0% year-over-year to 89.69%; the TTM figure through Mar 2026 stood at 87.48% (up 477.0% YoY), while the FY2025 annual figure was 82.88%, up 19.0% from the prior year.
- Gross Margin was 89.69% for Q1 2026 at Ardent Health, up from 82.71% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 121.69% in Q4 2023 to a low of 57.77% in Q4 2024.
- Historically, Gross Margin has averaged 89.14% across 4 years, with a median of 90.5% in 2023.
- The sharpest annual moves came in 2024 and 2025: Gross Margin plunged 6392 bps in 2024, then jumped 2494 bps in 2025.
- A 4-year view of Gross Margin shows it stood at 121.69% in 2023, then plunged by 53 bps to 57.77% in 2024, then surged by 43 bps to 82.71% in 2025, then rose by 8 bps to 89.69% in 2026.
- The last three Gross Margin figures came in at 89.69% (Q1 2026), 82.71% (Q4 2025), and 87.4% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 83.85 Bn | 86.23 Bn | 16.26 Bn | 85.07% |
| 2 | Tenet Healthcare | 14.98 Bn | 14.15 Bn | 4.41 Bn | 82.10% |
| 3 | Davita | 13.99 Bn | 14.84 Bn | 1.07 Bn | 31.42% |
| 4 | Encompass Health | 9.72 Bn | 10.34 Bn | 1.34 Bn | 84.75% |
| 5 | Ensign | 8.90 Bn | 8.31 Bn | 293.37 Mn | 21.12% |
| 6 | Universal Health Services | 8.59 Bn | 8.55 Bn | 3.21 Bn | 71.44% |
| 7 | Fresenius Medical Care AG | 7.67 Bn | 5.29 Bn | -4.26 Bn | -18,654.20% |
| 8 | Chemed | 5.97 Bn | 5.96 Bn | 215.76 Mn | 32.82% |
| 9 | Pacs | 5.74 Bn | 5.50 Bn | 345.96 Mn | 24.35% |
| 10 | Ardent Health | 1.27 Bn | 652.29 Mn | 1.44 Bn | 89.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 89.69% |
| Dec 31, 2025 | 82.71% |
| Sep 30, 2025 | 87.40% |
| Jun 30, 2025 | 90.05% |
| Mar 31, 2025 | 91.27% |
| Dec 31, 2024 | 57.77% |
| Sep 30, 2024 | 91.88% |
| Jun 30, 2024 | 92.16% |
| Mar 31, 2024 | 82.09% |
| Dec 31, 2023 | 121.69% |
| Sep 30, 2023 | 90.95% |
| Jun 30, 2023 | 92.05% |