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How Ardent Health (ARDT) makes money

Ardent Health (ARDT) made $1.6B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

Ardent Health revenue by quarterArdent Health revenue by quarter$1.5BQ1 2025$1.6BQ2 2025$1.6BQ3 2025$1.6BQ4 2025$1.6BQ1 2026$1.6BQ2 2026$1.6BQ3 2026
Ardent Health: where each dollar of revenue goesArdent Health: where each dollar of revenue goesOperating profit5¢Income tax1¢Net earnings3¢Operating cash flow8¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$1.6B100.0%
Operating profit$81.0M5.0%
Income tax$17.6M1.1%
Net earnings$44.5M2.7%
Operating cash flow$122M7.5%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$1.6B+3%
Q2 2026$1.6B-1%
Q1 2026$1.6B+7%
Q4 2025$1.6B-0.1%
Q3 2025$1.6B+9%
Q2 2025$1.6B+12%
Q1 2025$1.5B+4%

From Ardent Health's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Ardent Health make money?

Ardent Health (ARDT) made $1.6B of revenue in the third quarter 2026 (Q3 2026), +3% from a year earlier. Of every dollar of revenue, 5¢ was left as operating profit, 3¢ was left as net earnings.

What is Ardent Health's profit margin?

Net earnings were $44.5M, 2.7% of revenue, in the third quarter 2026; the operating margin was 5.0%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.