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

Avery Dennison is the larger business by last-quarter revenue ($2.3B vs $1.6B, roughly 1.4× Ardent Health, Inc.). Avery Dennison runs the higher net margin — 7.3% vs 2.8%, a 4.5% gap on every dollar of revenue.

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

Avery Dennison Corporation is an American multinational manufacturer and distributor of pressure-sensitive adhesive materials, apparel branding labels and tags, RFID inlays, and specialty medical products. The company is a member of the Fortune 500 and is headquartered in Mentor, Ohio.

ARDT vs AVY — Head-to-Head

Bigger by revenue
AVY
AVY
1.4× larger
AVY
$2.3B
$1.6B
ARDT
Higher net margin
AVY
AVY
4.5% more per $
AVY
7.3%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARDT
ARDT
AVY
AVY
Revenue
$1.6B
$2.3B
Net Profit
$45.0M
$168.1M
Gross Margin
28.9%
Operating Margin
5.8%
10.7%
Net Margin
2.8%
7.3%
Revenue YoY
7.0%
Net Profit YoY
1.1%
EPS (diluted)
$0.32

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
AVY
AVY
Q1 26
$2.3B
Q4 25
$1.6B
$2.3B
Q3 25
$1.6B
$2.2B
Q2 25
$1.6B
$2.2B
Q1 25
$1.5B
$2.1B
Q4 24
$2.2B
Q3 24
$1.4B
$2.2B
Q2 24
$1.5B
$2.2B
Net Profit
ARDT
ARDT
AVY
AVY
Q1 26
$168.1M
Q4 25
$45.0M
$166.4M
Q3 25
$-23.5M
$166.3M
Q2 25
$73.0M
$189.0M
Q1 25
$41.4M
$166.3M
Q4 24
$174.0M
Q3 24
$26.3M
$181.7M
Q2 24
$42.8M
$176.8M
Gross Margin
ARDT
ARDT
AVY
AVY
Q1 26
28.9%
Q4 25
28.7%
Q3 25
28.7%
Q2 25
28.8%
Q1 25
28.9%
Q4 24
27.9%
Q3 24
28.7%
Q2 24
29.6%
Operating Margin
ARDT
ARDT
AVY
AVY
Q1 26
10.7%
Q4 25
5.8%
9.1%
Q3 25
-0.1%
10.6%
Q2 25
7.4%
11.5%
Q1 25
5.0%
10.6%
Q4 24
11.0%
Q3 24
3.9%
11.0%
Q2 24
5.6%
10.7%
Net Margin
ARDT
ARDT
AVY
AVY
Q1 26
7.3%
Q4 25
2.8%
7.3%
Q3 25
-1.5%
7.5%
Q2 25
4.4%
8.5%
Q1 25
2.8%
7.7%
Q4 24
8.0%
Q3 24
1.8%
8.3%
Q2 24
2.9%
7.9%
EPS (diluted)
ARDT
ARDT
AVY
AVY
Q1 26
Q4 25
$0.32
$2.16
Q3 25
$-0.17
$2.13
Q2 25
$0.52
$2.41
Q1 25
$0.29
$2.09
Q4 24
$2.17
Q3 24
$0.19
$2.25
Q2 24
$0.34
$2.18

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
AVY
AVY
Cash + ST InvestmentsLiquidity on hand
$709.6M
$255.1M
Total DebtLower is stronger
$1.1B
$3.2B
Stockholders' EquityBook value
$1.3B
$2.3B
Total Assets
$5.3B
$9.0B
Debt / EquityLower = less leverage
0.84×
1.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
AVY
AVY
Q1 26
$255.1M
Q4 25
$709.6M
$202.8M
Q3 25
$609.4M
$536.3M
Q2 25
$540.6M
$215.9M
Q1 25
$495.0M
$195.9M
Q4 24
$329.1M
Q3 24
$563.1M
$212.7M
Q2 24
$334.5M
$208.8M
Total Debt
ARDT
ARDT
AVY
AVY
Q1 26
$3.2B
Q4 25
$1.1B
$3.2B
Q3 25
$1.1B
$3.2B
Q2 25
$1.1B
$2.6B
Q1 25
$1.1B
$2.6B
Q4 24
$2.6B
Q3 24
$1.1B
$2.0B
Q2 24
$1.1B
$2.0B
Stockholders' Equity
ARDT
ARDT
AVY
AVY
Q1 26
$2.3B
Q4 25
$1.3B
$2.2B
Q3 25
$1.2B
$2.2B
Q2 25
$1.3B
$2.2B
Q1 25
$1.2B
$2.2B
Q4 24
$2.3B
Q3 24
$1.0B
$2.4B
Q2 24
$739.9M
$2.3B
Total Assets
ARDT
ARDT
AVY
AVY
Q1 26
$9.0B
Q4 25
$5.3B
$8.8B
Q3 25
$5.2B
$8.9B
Q2 25
$5.0B
$8.6B
Q1 25
$4.9B
$8.4B
Q4 24
$8.4B
Q3 24
$4.8B
$8.5B
Q2 24
$4.6B
$8.3B
Debt / Equity
ARDT
ARDT
AVY
AVY
Q1 26
1.38×
Q4 25
0.84×
1.43×
Q3 25
0.88×
1.45×
Q2 25
0.87×
1.19×
Q1 25
0.93×
1.19×
Q4 24
1.11×
Q3 24
1.08×
0.85×
Q2 24
1.46×
0.89×

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
AVY
AVY
Operating Cash FlowLast quarter
$223.4M
Free Cash FlowOCF − Capex
$104.4M
FCF MarginFCF / Revenue
4.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.97×
TTM Free Cash FlowTrailing 4 quarters
$869.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
AVY
AVY
Q1 26
Q4 25
$223.4M
$376.8M
Q3 25
$154.4M
$312.1M
Q2 25
$117.5M
$208.8M
Q1 25
$-24.8M
$-16.3M
Q4 24
$351.2M
Q3 24
$89.7M
$270.1M
Q2 24
$197.7M
Free Cash Flow
ARDT
ARDT
AVY
AVY
Q1 26
$104.4M
Q4 25
$309.7M
Q3 25
$276.2M
Q2 25
$178.8M
Q1 25
$-52.3M
Q4 24
$281.7M
Q3 24
$227.1M
Q2 24
$150.2M
FCF Margin
ARDT
ARDT
AVY
AVY
Q1 26
4.5%
Q4 25
13.6%
Q3 25
12.5%
Q2 25
8.1%
Q1 25
-2.4%
Q4 24
12.9%
Q3 24
10.4%
Q2 24
6.7%
Capex Intensity
ARDT
ARDT
AVY
AVY
Q1 26
Q4 25
3.0%
Q3 25
1.6%
Q2 25
1.4%
Q1 25
1.7%
Q4 24
3.2%
Q3 24
2.0%
Q2 24
2.1%
Cash Conversion
ARDT
ARDT
AVY
AVY
Q1 26
Q4 25
4.97×
2.26×
Q3 25
1.88×
Q2 25
1.61×
1.10×
Q1 25
-0.60×
-0.10×
Q4 24
2.02×
Q3 24
3.41×
1.49×
Q2 24
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

AVY
AVY

Materials Group$1.6B72%
Solutions Group$649.2M28%

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