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

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

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

Ardent Health's Operating Expenses history runs 4 years deep, the most recent figure standing at $1.5 billion for 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 was $1.5 billion for Q1 2026 at Ardent Health, up from $1.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.6 billion in Q3 2025 to a low of $1.3 billion in Q2 2023.
  • Historically, Operating Expenses has averaged $1.4 billion across 4 years, with a median of $1.4 billion in 2024.
  • Biggest YoY gain for Operating Expenses was 13.37% in 2025; the steepest drop was 2.93% in 2025.
  • A 4-year view of Operating Expenses shows it stood at $1.3 billion in 2023, then climbed by 7.62% to $1.4 billion in 2024, then increased by 5.12% to $1.5 billion in 2025, then climbed by 0.96% to $1.5 billion in 2026.
  • The last three Operating Expenses figures came in at $1.5 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.6 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 27.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 1.29 Bn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 820.65 Mn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.30 Bn
10 Ardent Health 1.27 Bn 652.29 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