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Ardent Health Partners, LLC (ARDT) 10-Year Financial Performance & Capital Metrics

ARDT • • Industrial / General
HealthcareHealthcare FacilitiesHospital & Acute Care FacilitiesGeneral Acute Care Hospitals
AboutArdent Health Partners, LLC owns and operates a network of hospitals and clinics that provides a range of healthcare services in the United States. It operates acute care hospitals, including rehabilitation hospitals and surgical hospitals. The company was founded in 2001 and is based in Brentwood, Tennessee. Ardent Health Partners, LLC is a subsidiary of EGI-AM Investments, L.L.C.Show more
  • Revenue $5.97B +10.3%
  • EBITDA $552M +49.1%
  • Net Income $210M +318.2%
  • EPS (Diluted) 1.58 +351.4%
  • Gross Margin 82.68% -15.1%
  • EBITDA Margin 9.25% +35.2%
  • Operating Margin 6.8% +60.3%
  • Net Margin 3.53% +279.2%
  • ROE 16.15% +242.4%
  • ROIC 9.68% +69.3%
  • Debt/Equity 1.50 -32.3%
  • Interest Coverage 6.19 +76.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 70.5%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 23.2%
  • ✓Share count reduced 7.3% through buybacks
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗Weak momentum: RS Rating 8 (bottom 8%)
  • ✗Thin 5Y average net margin of 0.7%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y23.16%
3Y12.75%
TTM10.86%

Profit (Net Income) CAGR

10Y-
5Y70.49%
3Y-
TTM122.92%

EPS CAGR

10Y-
5Y73.67%
3Y-
TTM139.85%

ROCE

10Y Avg8.44%
5Y Avg7.89%
3Y Avg7.55%
Latest9.99%

Peer Comparison

General Acute Care Hospitals
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HCAHCA Healthcare, Inc.110.4B483.8021.998.67%8.57%7.13%5.11%81.51
UHSUniversal Health Services, Inc.11.28B204.1912.1410.82%8.09%18.85%9.96%0.73
THCTenet Healthcare Corporation17.69B201.326.160.57%6.49%15.56%6.31%1.68
ARDTArdent Health Partners, LLC1.27B8.905.6310.29%3.24%12.57%10.01%1.50
AUNAAuna S.A.138.14M4.592.8214.47%4.33%10.05%100%2.32
CYHCommunity Health Systems, Inc.462.66M3.34-0.861.15%2.6%25.94%

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.11B3B4.16B5.13B5.41B5.97B
Revenue Growth %-0.43%0.39%0.23%0.05%0.1%
Cost of Goods Sold+000955.17M140.84M1.03B
COGS % of Revenue---0.19%0.03%0.17%
Gross Profit+2.11B3B4.16B4.17B5.27B4.93B
Gross Margin %1%1%1%0.81%0.97%0.83%
Gross Profit Growth %-0.43%0.39%0%0.26%-0.06%
Operating Expenses+2.11B2.77B4.08B3.96B5.04B4.53B
OpEx % of Revenue1%0.92%0.98%0.77%0.93%0.76%
Selling, General & Admin1.95B1.17B2.68B3.37B3.62B3.88B
SG&A % of Revenue0.93%0.39%0.64%0.66%0.67%0.65%
Research & Development019.9M15.7M000
R&D % of Revenue-0.01%0%---
Other Operating Expenses000585.81M1.42B642.51M
Operating Income+84.75M121.77M149.76M217.03M229.5M405.76M
Operating Margin %0.04%0.04%0.04%0.04%0.04%0.07%
Operating Income Growth %-0.44%0.23%0.45%0.06%0.77%
EBITDA+156.27M231.3M292.95M355.2M370.35M552.05M
EBITDA Margin %0.07%0.08%0.07%0.07%0.07%0.09%
EBITDA Growth %-0.48%0.27%0.21%0.04%0.49%
D&A (Non-Cash Add-back)71.51M109.53M143.19M138.17M140.84M146.29M
EBIT71.32M121.38M101.68M393.53M209.15M428.64M
Net Interest Income+-26.95M-70.74M-108.59M-82.05M-65.42M-65.58M
Interest Income000000
Interest Expense26.95M70.74M108.59M82.05M65.42M65.58M
Other Income/Expense-40.38M-71.13M-264.37M94.45M-77.89M-42.7M
Pretax Income+44.37M50.64M-114.62M311.48M151.61M363.06M
Pretax Margin %0.02%0.02%-0.03%0.06%0.03%0.06%
Income Tax+8.02M49.87M-11.29M46.11M22.64M63.35M
Effective Tax Rate %0.33%-0.7%1.25%0.61%0.33%0.58%
Net Income+14.6M-35.65M-143.02M188.91M50.29M210.34M
Net Margin %0.01%-0.01%-0.03%0.04%0.01%0.04%
Net Income Growth %--3.44%-3.01%2.32%-0.73%3.18%
Net Income (Continuing)36.35M774K-103.33M265.37M128.98M299.71M
Discontinued Operations000000
Minority Interest129.47M382.55M380.19M411.26M411.42M390.98M
EPS (Diluted)+0.10-0.25-1.011.320.351.58
EPS Growth %--3.5%-3.04%2.31%-0.73%3.51%
EPS (Basic)0.10-0.25-1.011.320.351.59
Diluted Shares Outstanding140.96M140.96M140.96M143.26M143.26M132.75M
Basic Shares Outstanding140.96M140.96M140.96M143.26M143.26M132.44M
Dividend Payout Ratio---0.93%--

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2022Dec 2023Dec 2024
Total Current Assets+471.15M736.42M860.42M1.41B1.62B1.83B
Cash & Short-Term Investments92.61M71.96M59.66M456.12M437.58M556.78M
Cash Only92.61M71.96M59.66M456.12M437.58M556.78M
Short-Term Investments000000
Accounts Receivable261.04M453.85M529.12M611.96M785.76M743.03M
Days Sales Outstanding45.2655.1846.443.5453.0245.46
Inventory47.09M84.16M84.81M107.15M105.48M115.09M
Days Inventory Outstanding---40.95273.3740.66
Other Current Assets31.08M66.82M100.57M165.05M211.99M304.09M
Total Non-Current Assets+614.21M1.64B1.89B3.45B3.48B3.12B
Property, Plant & Equipment256.53M591.57M839.89M1.99B2.01B2.04B
Fixed Asset Turnover8.21x5.07x4.96x2.58x2.69x2.93x
Goodwill244.49M818.19M822.03M844.7M844.7M852.08M
Intangible Assets71.78M78.26M77.83M76.93M76.93M76.93M
Long-Term Investments00029.4M17.8M11.46M
Other Non-Current Assets37.76M62.83M50.11M93.98M129.31M131.5M
Total Assets+1.09B2.37B2.75B4.86B5.1B4.96B
Asset Turnover1.94x1.26x1.52x1.06x1.06x1.20x
Asset Growth %-1.19%0.16%0.77%0.05%-0.03%
Total Current Liabilities+328.14M507.35M624.83M808.6M994.1M945.42M
Accounts Payable131.94M226.48M230.36M320.8M474.54M401.25M
Days Payables Outstanding---122.591.23K141.76
Short-Term Debt7.67M16.88M8.96M58.42M61.03M9.23M
Deferred Revenue (Current)000000
Other Current Liabilities39.98M56.7M190.75M167.84M172.82M44.66M
Current Ratio1.44x1.45x1.38x1.74x1.63x1.94x
Quick Ratio1.29x1.29x1.24x1.61x1.52x1.82x
Cash Conversion Cycle----38.1-903.42-55.64
Total Non-Current Liabilities+361.22M1.11B1.41B3B3.03B2.49B
Long-Term Debt232.7M935.81M1.25B1.15B1.15B1.07B
Capital Lease Obligations0001.18B1.18B1.16B
Deferred Tax Liabilities000381.03M371.21M0
Other Non-Current Liabilities128.51M171.09M157.7M290.01M319.55M261.75M
Total Liabilities689.36M1.61B2.03B3.81B4.02B3.43B
Total Debt+240.37M952.69M1.26B2.39B2.4B2.28B
Net Debt147.76M880.73M1.2B1.93B1.96B1.73B
Debt / Equity0.61x1.25x1.77x2.27x2.21x1.50x
Debt / EBITDA1.54x4.12x4.30x6.72x6.47x4.13x
Net Debt / EBITDA0.95x3.81x4.10x5.44x5.29x3.13x
Interest Coverage3.15x1.72x1.38x2.65x3.51x6.19x
Total Equity+396.01M760.28M711.84M1.05B1.08B1.52B
Equity Growth %-0.92%-0.06%0.48%0.03%0.41%
Book Value per Share2.815.395.057.337.5511.47
Total Shareholders' Equity266.54M377.72M331.64M639.05M670.9M1.13B
Common Stock255.03M401.86M504.69M510.97M496.88M1.43M
Retained Earnings11.51M-24.14M-167.16M101.55M155.45M365.8M
Treasury Stock000000
Accumulated OCI00-5.89M26.53M18.56M9.74M
Minority Interest129.47M382.55M380.19M411.26M411.42M390.98M

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2022Dec 2023Dec 2024
Cash from Operations+85.78M119.47M159.59M-38.36M221.7M315.03M
Operating CF Margin %0.04%0.04%0.04%-0.01%0.04%0.05%
Operating CF Growth %-0.39%0.34%-1.24%6.78%0.42%
Net Income14.6M-35.65M-143.02M265.37M128.98M299.71M
Depreciation & Amortization71.51M109.53M143.19M138.17M140.84M146.29M
Stock-Based Compensation000611K904K17.98M
Deferred Taxes-12.71M49.7M-7.82M46.12M4M24.04M
Other Non-Cash Items43.08M45.83M152.7M-478.89M3.29M8.76M
Working Capital Changes-30.71M-49.94M14.54M-9.74M-56.31M-181.75M
Change in Receivables-17.72M-63.82M-9.05M-17.18M-181.1M40M
Change in Inventory56K-3.61M-1.03M4.67M1.67M-9.41M
Change in Payables-9.28M41.3M37.15M14.42M136.82M-103.86M
Cash from Investing+-64.83M-966.93M-482.14M46.58M-137.98M-220.46M
Capital Expenditures-80.5M-121.53M-160.66M-151.11M-137.41M-187.51M
CapEx % of Revenue0.04%0.04%0.04%0.03%0.03%0.03%
Acquisitions------
Investments------
Other Investing18.17M12.16M28.35M-8.69M-575K-1.71M
Cash from Financing+-25.89M826.81M353.22M-270.33M-102.26M24.64M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000-174.81M00
Share Repurchases------
Other Financing-20.22M-35.64M1.47M-79.11M-95.24M-79.24M
Net Change in Cash------
Free Cash Flow+3.62M-2.06M-1.07M-189.47M84.29M127.52M
FCF Margin %0%-0%-0%-0.04%0.02%0.02%
FCF Growth %--1.57%0.48%-175.91%1.44%0.51%
FCF per Share0.03-0.01-0.01-1.320.590.96
FCF Conversion (FCF/Net Income)5.87x-3.35x-1.12x-0.20x4.41x1.50x
Interest Paid26.01M64.63M86.54M90.85M81.61M74.98M
Taxes Paid23.62M2.37M5.55M55.82M19.43M41.6M

Key Ratios

Metric201620172018202220232024
Return on Equity (ROE)3.69%-6.17%-19.43%21.44%4.72%16.15%
Return on Invested Capital (ROIC)11.69%8.36%6.32%6.65%5.71%9.68%
Gross Margin100%100%100%81.38%97.4%82.68%
Net Margin0.69%-1.19%-3.44%3.68%0.93%3.53%
Debt / Equity0.61x1.25x1.77x2.27x2.21x1.50x
Interest Coverage3.15x1.72x1.38x2.65x3.51x6.19x
FCF Conversion5.87x-3.35x-1.12x-0.20x4.41x1.50x
Revenue Growth-42.6%38.63%23.25%5.45%10.29%

Revenue by Segment

2024
Reportable5.97B
Reportable Growth-

Frequently Asked Questions

Valuation & Price

Ardent Health Partners, LLC (ARDT) has a price-to-earnings (P/E) ratio of 5.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Ardent Health Partners, LLC (ARDT) reported $6.33B in revenue for fiscal year 2024. This represents a 200% increase from $2.11B in 2016.

Ardent Health Partners, LLC (ARDT) grew revenue by 10.3% over the past year. This is steady growth.

Yes, Ardent Health Partners, LLC (ARDT) is profitable, generating $205.1M in net income for fiscal year 2024 (3.5% net margin).

Dividend & Returns

Ardent Health Partners, LLC (ARDT) has a return on equity (ROE) of 16.2%. This is reasonable for most industries.

Ardent Health Partners, LLC (ARDT) generated $154.9M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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