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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and Bath & Body Works, Inc. (BBWI). Click either name above to swap in a different company.
Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.6B, roughly 1.0× Bath & Body Works, Inc.). Bath & Body Works, Inc. runs the higher net margin — 4.8% vs 2.8%, a 2.0% gap on every dollar of revenue.
Goodlife Health Clubs is a chain of health clubs, with more than 80 locations in Australia.
Bath & Body Works, Inc. is an American specialty retail company based in Columbus, Ohio. It owns Bath & Body Works, posted $7.4 billion in revenue in 2023, and was listed as 481 on the 2024 Fortune 500 list of largest United States companies by revenue.
ARDT vs BBWI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.6B |
| Net Profit | $45.0M | $77.0M |
| Gross Margin | — | 41.3% |
| Operating Margin | 5.8% | 10.1% |
| Net Margin | 2.8% | 4.8% |
| Revenue YoY | — | -1.0% |
| Net Profit YoY | — | -27.4% |
| EPS (diluted) | $0.32 | $0.37 |
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.
| Q4 25 | $1.6B | $1.6B | ||
| Q3 25 | $1.6B | $1.5B | ||
| Q2 25 | $1.6B | $1.4B | ||
| Q1 25 | $1.5B | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $45.0M | $77.0M | ||
| Q3 25 | $-23.5M | $64.0M | ||
| Q2 25 | $73.0M | $105.0M | ||
| Q1 25 | $41.4M | $453.0M | ||
| Q4 24 | — | $106.0M | ||
| Q3 24 | $26.3M | $152.0M | ||
| Q2 24 | $42.8M | $87.0M | ||
| Q1 24 | — | $579.0M |
| Q4 25 | — | 41.3% | ||
| Q3 25 | — | 41.3% | ||
| Q2 25 | — | 45.4% | ||
| Q1 25 | — | 46.7% | ||
| Q4 24 | — | 43.5% | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 43.8% | ||
| Q1 24 | — | 45.9% |
| Q4 25 | 5.8% | 10.1% | ||
| Q3 25 | -0.1% | 10.1% | ||
| Q2 25 | 7.4% | 14.7% | ||
| Q1 25 | 5.0% | 24.3% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | 3.9% | 12.0% | ||
| Q2 24 | 5.6% | 13.5% | ||
| Q1 24 | — | 23.9% |
| Q4 25 | 2.8% | 4.8% | ||
| Q3 25 | -1.5% | 4.1% | ||
| Q2 25 | 4.4% | 7.4% | ||
| Q1 25 | 2.8% | 16.3% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 1.8% | 10.0% | ||
| Q2 24 | 2.9% | 6.3% | ||
| Q1 24 | — | 19.9% |
| Q4 25 | $0.32 | $0.37 | ||
| Q3 25 | $-0.17 | $0.30 | ||
| Q2 25 | $0.52 | $0.49 | ||
| Q1 25 | $0.29 | $2.06 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | $0.19 | $0.68 | ||
| Q2 24 | $0.34 | $0.38 | ||
| Q1 24 | — | $2.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $709.6M | $236.0M |
| Total DebtLower is stronger | $1.1B | $3.9B |
| Stockholders' EquityBook value | $1.3B | $-1.6B |
| Total Assets | $5.3B | $5.0B |
| Debt / EquityLower = less leverage | 0.84× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $709.6M | $236.0M | ||
| Q3 25 | $609.4M | $364.0M | ||
| Q2 25 | $540.6M | $636.0M | ||
| Q1 25 | $495.0M | $674.0M | ||
| Q4 24 | — | $191.0M | ||
| Q3 24 | $563.1M | $514.0M | ||
| Q2 24 | $334.5M | $855.0M | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $1.1B | $3.9B | ||
| Q3 25 | $1.1B | $3.9B | ||
| Q2 25 | $1.1B | $3.9B | ||
| Q1 25 | $1.1B | $3.9B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $1.1B | $4.2B | ||
| Q2 24 | $1.1B | $4.3B | ||
| Q1 24 | — | $4.4B |
| Q4 25 | $1.3B | $-1.6B | ||
| Q3 25 | $1.2B | $-1.5B | ||
| Q2 25 | $1.3B | $-1.5B | ||
| Q1 25 | $1.2B | $-1.4B | ||
| Q4 24 | — | $-1.7B | ||
| Q3 24 | $1.0B | $-1.7B | ||
| Q2 24 | $739.9M | $-1.7B | ||
| Q1 24 | — | $-1.6B |
| Q4 25 | $5.3B | $5.0B | ||
| Q3 25 | $5.2B | $4.8B | ||
| Q2 25 | $5.0B | $4.9B | ||
| Q1 25 | $4.9B | $4.9B | ||
| Q4 24 | — | $5.0B | ||
| Q3 24 | $4.8B | $4.9B | ||
| Q2 24 | $4.6B | $5.2B | ||
| Q1 24 | — | $5.5B |
| 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× | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $223.4M | $80.0M |
| Free Cash FlowOCF − Capex | — | $-1.0M |
| FCF MarginFCF / Revenue | — | -0.1% |
| Capex IntensityCapex / Revenue | — | 5.1% |
| Cash ConversionOCF / Net Profit | 4.97× | 1.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $946.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $223.4M | $80.0M | ||
| Q3 25 | $154.4M | $-43.0M | ||
| Q2 25 | $117.5M | $188.0M | ||
| Q1 25 | $-24.8M | $955.0M | ||
| Q4 24 | — | $-99.0M | ||
| Q3 24 | $89.7M | $-46.0M | ||
| Q2 24 | — | $76.0M | ||
| Q1 24 | — | $926.0M |
| Q4 25 | — | $-1.0M | ||
| Q3 25 | — | $-99.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $895.0M | ||
| Q4 24 | — | $-164.0M | ||
| Q3 24 | — | $-101.0M | ||
| Q2 24 | — | $30.0M | ||
| Q1 24 | — | $878.0M |
| Q4 25 | — | -0.1% | ||
| Q3 25 | — | -6.4% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | — | -10.2% | ||
| Q3 24 | — | -6.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 30.2% |
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 3.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 3.6% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | 4.97× | 1.04× | ||
| Q3 25 | — | -0.67× | ||
| Q2 25 | 1.61× | 1.79× | ||
| Q1 25 | -0.60× | 2.11× | ||
| Q4 24 | — | -0.93× | ||
| Q3 24 | 3.41× | -0.30× | ||
| Q2 24 | — | 0.87× | ||
| Q1 24 | — | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARDT
Segment breakdown not available.
BBWI
| Bath Body Works Stores | $1.2B | 77% |
| Bath Body Works Direct | $299.0M | 19% |
| Bath Body Works International | $73.0M | 5% |
