Ardent Health (ARDT) Operating Expenses (2023 - 2026)

Ardent Health (ARDT) posted quarterly Operating Expenses of $1.5 billion for Q1 2026, up 7.33% year-over-year from $1.4 billion in Q1 2025, and up 0.96% on a QoQ basis from $1.5 billion in Q4 2025.

Ardent Health (ARDT) Operating Expenses (2023 - 2026) Analysis & Trends

Ardent Health (ARDT) has reported Operating Expenses for 4 consecutive years, with $1.5 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 7.33% year-over-year to $1.5 billion; the TTM figure through Mar 2026 stood at $6.1 billion (up 8.84% YoY), while the FY2025 annual figure was $6.0 billion, up 7.76% from the prior year.
  • Operating Expenses came in at $1.5 billion for Q1 2026 at Ardent Health, up from $1.5 billion in the prior quarter.
  • The five-year high for Operating Expenses was $1.6 billion in Q3 2025, with the low at $1.3 billion in Q2 2023.
  • Average Operating Expenses over 4 years is $1.4 billion, with a median of $1.4 billion recorded in 2024.
  • The largest YoY upside for Operating Expenses was 13.37% in 2025 against a maximum downside of 2.93% in 2025.
  • Year by year, Operating Expenses stood at $1.3 billion in 2023, then rose by 7.62% to $1.4 billion in 2024, then advanced by 5.12% to $1.5 billion in 2025, then rose by 0.96% to $1.5 billion in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $1.5 billion, $1.5 billion, and $1.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 87.94 Bn 90.32 Bn 16.26 Bn 16.82 Bn
2 Chemed 18.08 Bn 18.07 Bn 215.76 Mn 572.94 Mn
3 Tenet Healthcare 16.59 Bn 15.76 Bn 4.41 Bn 27.00 Mn
4 Davita 15.37 Bn 16.23 Bn 1.07 Bn 2.93 Bn
5 Encompass Health 10.07 Bn 10.70 Bn 1.34 Bn 1.29 Bn
6 Ensign 9.52 Bn 8.93 Bn 293.37 Mn 1.26 Bn
7 Universal Health Services 9.19 Bn 9.15 Bn 3.21 Bn 3.99 Bn
8 Pacs 6.96 Bn 6.72 Bn 345.96 Mn 1.30 Bn
9 Ww International 6.14 Bn 5.98 Bn -149.29 Mn -25.79 Mn
10 Ardent Health 1.43 Bn 814.74 Mn 1.44 Bn 1.53 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.53 Bn
Dec 31, 2025 1.51 Bn
Sep 30, 2025 1.58 Bn
Jun 30, 2025 1.52 Bn
Mar 31, 2025 1.42 Bn
Dec 31, 2024 1.44 Bn
Sep 30, 2024 1.39 Bn
Jun 30, 2024 1.39 Bn
Mar 31, 2024 1.38 Bn
Dec 31, 2023 1.34 Bn
Sep 30, 2023 1.33 Bn
Jun 30, 2023 1.30 Bn