Ardent Health (ARDT) Return on Invested Capital [ROIC] (2024 - 2026)
Ardent Health (ARDT) recorded Return on Invested Capital [ROIC] of 7.38% in Q2 2026, down 6.90 percentage points from 14.28% a year earlier and down 2.29 percentage points from the prior quarter.
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Analysis
Ardent Health (ARDT) Return on Invested Capital [ROIC] (2024 - 2026) Analysis & Trends
For FY2025, Ardent Health reported Return on Invested Capital [ROIC] of 10.16%, down 4.34 percentage points from FY2024.
- Across earlier years, Return on Invested Capital [ROIC] came in at 14.51% in FY2024.
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q3 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for three consecutive quarters, with an average year-over-year change of -3.01 percentage points over the last four quarters.
- Per Business Quant, the preceding three quarters came in at 9.67% (Q1 2026), 9.94% (Q4 2025) and 12.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.37 Bn | 104.21 Bn | 17.03 Bn | 21.76% |
| 2 | Natera | 45.03 Bn | 40.66 Bn | 513.47 Mn | -9.90% |
| 3 | Labcorp Holdings | 30.12 Bn | 28.22 Bn | 1.11 Bn | 8.35% |
| 4 | Quest Diagnostics | 28.44 Bn | 26.52 Bn | 1.04 Bn | 9.85% |
| 5 | Guardant Health | 20.93 Bn | 16.54 Bn | 236.15 Mn | - |
| 6 | BrightSpring Health Services | 14.41 Bn | 11.29 Bn | 518.55 Mn | 10.04% |
| 7 | Tempus AI | 14.27 Bn | 11.42 Bn | 266.70 Mn | -57.17% |
| 8 | Encompass Health | 13.98 Bn | 14.44 Bn | 1.54 Bn | 11.80% |
| 9 | Davita | 11.35 Bn | 10.22 Bn | 1.13 Bn | 16.52% |
| 10 | Ardent Health | 2.53 Bn | 112.54 Mn | 1.34 Bn | 9.50% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.50% |
| Jun 30, 2026 | 7.38% |
| Mar 31, 2026 | 9.67% |
| Dec 31, 2025 | 9.94% |
| Sep 30, 2025 | 12.48% |
| Jun 30, 2025 | 14.28% |
| Mar 31, 2025 | 13.71% |
| Dec 31, 2024 | 13.88% |
| Sep 30, 2024 | 9.64% |
API Access
Ardent Health Return on Invested Capital [ROIC] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ARDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "ticker": "ARDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-invested-capital-%5Broic%5D&ticker=ARDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();