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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and ARM HOLDINGS PLC (ARM). Click either name above to swap in a different company.

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.2B, roughly 1.3× ARM HOLDINGS PLC). ARM HOLDINGS PLC runs the higher net margin — 18.0% vs 2.8%, a 15.2% gap on every dollar of revenue.

Goodlife Health Clubs is a chain of health clubs, with more than 80 locations in Australia.

Arm Holdings plc is a British semiconductor and software design company headquartered in Cambridge, UK. It designs the Arm CPU architecture and licenses its processor designs and related intellectual property to chipmakers and device manufacturers worldwide. Arm-based chips power the vast majority of smartphones and an increasing share of laptops, data center servers, and embedded devices. The company listed on Nasdaq in September 2023 and remains majority-owned by SoftBank.

ARDT vs ARM — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.3× larger
ARDT
$1.6B
$1.2B
ARM
Higher net margin
ARM
ARM
15.2% more per $
ARM
18.0%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ARDT
ARDT
ARM
ARM
Revenue
$1.6B
$1.2B
Net Profit
$45.0M
$223.0M
Gross Margin
97.6%
Operating Margin
5.8%
14.9%
Net Margin
2.8%
18.0%
Revenue YoY
26.3%
Net Profit YoY
-11.5%
EPS (diluted)
$0.32
$0.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARDT
ARDT
ARM
ARM
Q4 25
$1.6B
$1.2B
Q3 25
$1.6B
$1.1B
Q2 25
$1.6B
$1.1B
Q1 25
$1.5B
Q4 24
$983.0M
Q3 24
$1.4B
$844.0M
Q2 24
$1.5B
$939.0M
Q4 23
$824.0M
Net Profit
ARDT
ARDT
ARM
ARM
Q4 25
$45.0M
$223.0M
Q3 25
$-23.5M
$238.0M
Q2 25
$73.0M
$130.0M
Q1 25
$41.4M
Q4 24
$252.0M
Q3 24
$26.3M
$107.0M
Q2 24
$42.8M
$223.0M
Q4 23
$87.0M
Gross Margin
ARDT
ARDT
ARM
ARM
Q4 25
97.6%
Q3 25
97.4%
Q2 25
97.2%
Q1 25
Q4 24
97.2%
Q3 24
96.2%
Q2 24
96.5%
Q4 23
95.6%
Operating Margin
ARDT
ARDT
ARM
ARM
Q4 25
5.8%
14.9%
Q3 25
-0.1%
14.4%
Q2 25
7.4%
10.8%
Q1 25
5.0%
Q4 24
17.8%
Q3 24
3.9%
7.6%
Q2 24
5.6%
19.4%
Q4 23
16.3%
Net Margin
ARDT
ARDT
ARM
ARM
Q4 25
2.8%
18.0%
Q3 25
-1.5%
21.0%
Q2 25
4.4%
12.3%
Q1 25
2.8%
Q4 24
25.6%
Q3 24
1.8%
12.7%
Q2 24
2.9%
23.7%
Q4 23
10.6%
EPS (diluted)
ARDT
ARDT
ARM
ARM
Q4 25
$0.32
$0.21
Q3 25
$-0.17
$0.22
Q2 25
$0.52
$0.12
Q1 25
$0.29
Q4 24
$0.24
Q3 24
$0.19
$0.10
Q2 24
$0.34
$0.21
Q4 23
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARDT
ARDT
ARM
ARM
Cash + ST InvestmentsLiquidity on hand
$709.6M
$3.5B
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.3B
$7.8B
Total Assets
$5.3B
$10.2B
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
ARM
ARM
Q4 25
$709.6M
$3.5B
Q3 25
$609.4M
$3.3B
Q2 25
$540.6M
$2.9B
Q1 25
$495.0M
Q4 24
$2.7B
Q3 24
$563.1M
$2.4B
Q2 24
$334.5M
$2.5B
Q4 23
$2.4B
Total Debt
ARDT
ARDT
ARM
ARM
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
Q3 24
$1.1B
Q2 24
$1.1B
Q4 23
Stockholders' Equity
ARDT
ARDT
ARM
ARM
Q4 25
$1.3B
$7.8B
Q3 25
$1.2B
$7.4B
Q2 25
$1.3B
$7.0B
Q1 25
$1.2B
Q4 24
$6.4B
Q3 24
$1.0B
$6.0B
Q2 24
$739.9M
$5.7B
Q4 23
$5.0B
Total Assets
ARDT
ARDT
ARM
ARM
Q4 25
$5.3B
$10.2B
Q3 25
$5.2B
$9.7B
Q2 25
$5.0B
$9.4B
Q1 25
$4.9B
Q4 24
$8.5B
Q3 24
$4.8B
$8.1B
Q2 24
$4.6B
$7.9B
Q4 23
$7.1B
Debt / Equity
ARDT
ARDT
ARM
ARM
Q4 25
0.84×
Q3 25
0.88×
Q2 25
0.87×
Q1 25
0.93×
Q4 24
Q3 24
1.08×
Q2 24
1.46×
Q4 23

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARDT
ARDT
ARM
ARM
Operating Cash FlowLast quarter
$223.4M
$365.0M
Free Cash FlowOCF − Capex
$186.0M
FCF MarginFCF / Revenue
15.0%
Capex IntensityCapex / Revenue
14.4%
Cash ConversionOCF / Net Profit
4.97×
1.64×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
ARM
ARM
Q4 25
$223.4M
$365.0M
Q3 25
$154.4M
$567.0M
Q2 25
$117.5M
$332.0M
Q1 25
$-24.8M
Q4 24
$423.0M
Q3 24
$89.7M
$6.0M
Q2 24
$-290.0M
Q4 23
$310.0M
Free Cash Flow
ARDT
ARDT
ARM
ARM
Q4 25
$186.0M
Q3 25
$429.0M
Q2 25
$178.0M
Q1 25
Q4 24
$360.0M
Q3 24
$-47.0M
Q2 24
$-319.0M
Q4 23
$289.0M
FCF Margin
ARDT
ARDT
ARM
ARM
Q4 25
15.0%
Q3 25
37.8%
Q2 25
16.9%
Q1 25
Q4 24
36.6%
Q3 24
-5.6%
Q2 24
-34.0%
Q4 23
35.1%
Capex Intensity
ARDT
ARDT
ARM
ARM
Q4 25
14.4%
Q3 25
12.2%
Q2 25
14.6%
Q1 25
Q4 24
6.4%
Q3 24
6.3%
Q2 24
3.1%
Q4 23
2.5%
Cash Conversion
ARDT
ARDT
ARM
ARM
Q4 25
4.97×
1.64×
Q3 25
2.38×
Q2 25
1.61×
2.55×
Q1 25
-0.60×
Q4 24
1.68×
Q3 24
3.41×
0.06×
Q2 24
-1.30×
Q4 23
3.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

ARM
ARM

Royalty$737.0M59%
Transferred Over Time$294.0M24%
Transferred At Point In Time$211.0M17%

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