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

Ardent Health (ARDT) recorded quarterly Operating Income of -$90.6 million in Q1 2026, up 51.09% quarter-over-quarter from -$185.2 million in Q4 2025, and down 60.09% on a YoY basis from -$226.9 million in Q1 2025.

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

Ardent Health's Operating Income history runs 4 years deep, the most recent figure standing at -$90.6 million for Q1 2026.

  • In Q1 2026, Operating Income fell 60.09% year-over-year to -$90.6 million; the TTM figure through Mar 2026 stood at -$518.3 million (up 21.62% YoY), while the FY2025 annual figure was -$796.6 million, down 18.88% from the prior year.
  • Operating Income was -$90.6 million for Q1 2026 at Ardent Health, up from -$185.2 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $300.8 million in Q4 2023 to a low of -$511.0 million in Q4 2024.
  • Historically, Operating Income has averaged -$100.0 million across 4 years, with a median of -$69.7 million in 2023.
  • The sharpest annual moves came in 2024 and 2025: Operating Income plunged 269.89% in 2024, then jumped 71.89% in 2025.
  • A 4-year view of Operating Income shows it stood at $300.8 million in 2023, then slumped by 269.89% to -$511.0 million in 2024, then soared by 63.77% to -$185.2 million in 2025, then soared by 51.09% to -$90.6 million in 2026.
  • The last three Operating Income figures came in at -$90.6 million (Q1 2026), -$185.2 million (Q4 2025), and -$200.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn -566.00 Mn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 1.30 Bn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 481.89 Mn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 59.70 Mn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 124.85 Mn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 502.86 Mn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 2.13 Bn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 84.58 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 120.04 Mn
10 Ardent Health 1.27 Bn 652.29 Mn 1.44 Bn -90.56 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -90.56 Mn
Dec 31, 2025 -185.16 Mn
Sep 30, 2025 -200.92 Mn
Jun 30, 2025 -41.71 Mn
Mar 31, 2025 -56.57 Mn
Dec 31, 2024 -511.03 Mn
Sep 30, 2024 -60.63 Mn
Jun 30, 2024 -33.14 Mn
Mar 31, 2024 -201.22 Mn
Dec 31, 2023 300.80 Mn
Sep 30, 2023 -78.67 Mn
Jun 30, 2023 -41.01 Mn