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Tenet Healthcare vs Ardent Health: THC and ARDT compared
Tenet Healthcare is the larger company: $5.6B of revenue in its latest quarter (Q3 2026) against $1.6B for Ardent Health (Q3 2026). Tenet Healthcare is growing faster (+6% against +3% a year earlier). Tenet Healthcare is more profitable, with an operating margin of 31.1% against 5.0%.
Where the money goes: THC and ARDT
Tenet Healthcare (THC) · Q3 2026
Tenet Healthcare, Q3 2026: revenue $5.6B (+6% year over year), operating margin 31.1%, net earnings $1.0B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Ardent Health (ARDT) · Q3 2026
Ardent Health, Q3 2026: revenue $1.6B (+3% year over year), operating margin 5.0%, net earnings $44.5M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
| Tenet Healthcare (THC) | Ardent Health (ARDT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $5.6B | $1.6B |
| Revenue growth, Y/Y | +6% | +3% |
| Operating margin | 31.1% | 5.0% |
| Net earnings | $1.0B | $44.5M |
| Net margin | 17.8% | 2.7% |
| Operating cash flow | $1.3B | $122M |
| Free cash flow | $1.1B | — |
| Market value | $23.1B | $2.5B |
| P/E | 8.3× | 10.6× |
| Analysts’ mean target | $304.82 | $14.12 |
Questions
Which is bigger, Tenet Healthcare or Ardent Health?
Tenet Healthcare is the larger company: $5.6B of revenue in its latest quarter (Q3 2026) against $1.6B for Ardent Health (Q3 2026).
Is Tenet Healthcare or Ardent Health growing faster?
Tenet Healthcare is growing faster (+6% against +3% a year earlier).
Which is more profitable, Tenet Healthcare or Ardent Health?
Tenet Healthcare is more profitable, with an operating margin of 31.1% against 5.0%.
More: Tenet Healthcare earnings · how Tenet Healthcare makes money · Ardent Health earnings · how Ardent Health makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.