Ardent Health, Inc. (ARDT)

Ardent Health Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2018
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2018
Operating Revenue	6,326	5,966	5,409	5,130	4,870	4,162
Revenue	6,326	5,966	5,409	5,130	4,870	4,162
Revenue Growth (YoY)	10.86%	10.29%	5.45%	5.32%	17.02%	38.79%
Cost of Revenue	2,660	2,535	2,384	2,412	2,294	1,981
Gross Profit	3,665	3,431	3,025	2,718	2,576	2,181
Selling, General & Admin	2,500	2,383	2,217	1,915	1,765	1,557
Other Operating Expenses	634.55	496.22	451.74	464.41	370.36	342.07
Operating Expenses	3,287	3,026	2,810	2,518	2,273	2,042
Operating Income	378.4	405.76	215.84	200.25	303.17	138.65
Interest Expense	-56.35	-65.58	-74.31	-82.05	-93.83	-113.46
Other Non Operating Income (Expenses)	4.79	4.79	0.01	3.39	0.1	-
EBT Excluding Unusual Items	326.84	344.97	141.55	121.6	209.44	25.19
Gain (Loss) on Sale of Assets	-	-	-	157.81	-	0.03
Other Unusual Items	-8.59	-3.39	10.06	32.08	86.45	-139.83
Pretax Income	361.23	363.06	151.61	311.48	295.89	-114.62
Income Tax Expense	64.47	63.35	22.64	46.11	51.31	-11.29
Earnings From Continuing Operations	296.76	299.71	128.98	265.37	244.58	-103.33
Net Income to Company	296.76	299.71	128.98	265.37	244.58	-103.33
Minority Interest in Earnings	-91.71	-89.37	-75.07	-76.46	-90.32	-39.7
Net Income	205.06	210.34	53.9	188.91	154.26	-143.02
Net Income to Common	205.06	210.34	53.9	188.91	154.26	-143.02
Net Income Growth	122.92%	290.22%	-71.47%	22.46%	-	-
Shares Outstanding (Basic)	140	132	126	126	-	474
Shares Outstanding (Diluted)	141	133	126	126	-	474
Shares Change (YoY)	9.52%	5.26%	-	-	-	22.87%
EPS (Basic)	1.46	1.59	0.43	1.50	-	-0.30
EPS (Diluted)	1.44	1.58	0.43	1.50	-	-0.30
EPS Growth	102.50%	269.66%	-71.47%	-	-	-
Free Cash Flow	157.46	127.52	84.29	-189.47	7.91	-1.07
Free Cash Flow Per Share	1.11	0.96	0.67	-1.50	-	-0.00
Gross Margin	57.94%	57.51%	55.93%	52.99%	52.89%	52.40%
Operating Margin	5.98%	6.80%	3.99%	3.90%	6.22%	3.33%
Profit Margin	3.24%	3.53%	1.00%	3.68%	3.17%	-3.44%
Free Cash Flow Margin	2.49%	2.14%	1.56%	-3.69%	0.16%	-0.03%
EBITDA	530.92	552.05	356.69	338.43	440.38	282.22
EBITDA Margin	8.39%	9.25%	6.59%	6.60%	9.04%	6.78%
D&A For EBITDA	152.52	146.29	140.84	138.17	137.2	143.58
EBIT	378.4	405.76	215.84	200.25	303.17	138.65
EBIT Margin	5.98%	6.80%	3.99%	3.90%	6.22%	3.33%
Effective Tax Rate	17.85%	17.45%	14.93%	14.80%	17.34%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q