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

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.5× First Solar). First Solar runs the higher net margin — 33.2% vs 2.8%, a 30.4% gap on every dollar of revenue.

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

First Solar, Inc. is a publicly traded American manufacturer of solar panels. First Solar uses rigid thin-film modules for its solar panels, and produces CdTe panels using cadmium telluride (CdTe) as a semiconductor. The company was founded in 1990 by inventor Harold McMaster as Solar Cells, Inc. In 1999 it was purchased by True North Partners, LLC, which rebranded it as First Solar, Inc. It provides end-of-life panel recycling at each of its manufacturing facilities.

ARDT vs FSLR — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.5× larger
ARDT
$1.6B
$1.0B
FSLR
Higher net margin
FSLR
FSLR
30.4% more per $
FSLR
33.2%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARDT
ARDT
FSLR
FSLR
Revenue
$1.6B
$1.0B
Net Profit
$45.0M
$346.6M
Gross Margin
46.6%
Operating Margin
5.8%
33.1%
Net Margin
2.8%
33.2%
Revenue YoY
23.6%
Net Profit YoY
65.4%
EPS (diluted)
$0.32
$3.22

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
FSLR
FSLR
Q1 26
$1.0B
Q4 25
$1.6B
$1.7B
Q3 25
$1.6B
$1.6B
Q2 25
$1.6B
$1.1B
Q1 25
$1.5B
$844.6M
Q4 24
$1.5B
Q3 24
$1.4B
$887.7M
Q2 24
$1.5B
$1.0B
Net Profit
ARDT
ARDT
FSLR
FSLR
Q1 26
$346.6M
Q4 25
$45.0M
$520.9M
Q3 25
$-23.5M
$455.9M
Q2 25
$73.0M
$341.9M
Q1 25
$41.4M
$209.5M
Q4 24
$393.1M
Q3 24
$26.3M
$313.0M
Q2 24
$42.8M
$349.4M
Gross Margin
ARDT
ARDT
FSLR
FSLR
Q1 26
46.6%
Q4 25
39.5%
Q3 25
38.3%
Q2 25
45.6%
Q1 25
40.8%
Q4 24
37.5%
Q3 24
50.2%
Q2 24
49.4%
Operating Margin
ARDT
ARDT
FSLR
FSLR
Q1 26
33.1%
Q4 25
5.8%
32.6%
Q3 25
-0.1%
29.2%
Q2 25
7.4%
33.0%
Q1 25
5.0%
26.2%
Q4 24
30.2%
Q3 24
3.9%
36.3%
Q2 24
5.6%
36.9%
Net Margin
ARDT
ARDT
FSLR
FSLR
Q1 26
33.2%
Q4 25
2.8%
31.0%
Q3 25
-1.5%
28.6%
Q2 25
4.4%
31.2%
Q1 25
2.8%
24.8%
Q4 24
26.0%
Q3 24
1.8%
35.3%
Q2 24
2.9%
34.6%
EPS (diluted)
ARDT
ARDT
FSLR
FSLR
Q1 26
$3.22
Q4 25
$0.32
$4.84
Q3 25
$-0.17
$4.24
Q2 25
$0.52
$3.18
Q1 25
$0.29
$1.95
Q4 24
$3.66
Q3 24
$0.19
$2.91
Q2 24
$0.34
$3.25

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
FSLR
FSLR
Cash + ST InvestmentsLiquidity on hand
$709.6M
$2.4B
Total DebtLower is stronger
$1.1B
$425.8M
Stockholders' EquityBook value
$1.3B
$9.9B
Total Assets
$5.3B
$13.4B
Debt / EquityLower = less leverage
0.84×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
FSLR
FSLR
Q1 26
$2.4B
Q4 25
$709.6M
$2.8B
Q3 25
$609.4M
$2.0B
Q2 25
$540.6M
$1.1B
Q1 25
$495.0M
$837.6M
Q4 24
$1.6B
Q3 24
$563.1M
$1.0B
Q2 24
$334.5M
$1.7B
Total Debt
ARDT
ARDT
FSLR
FSLR
Q1 26
$425.8M
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
Stockholders' Equity
ARDT
ARDT
FSLR
FSLR
Q1 26
$9.9B
Q4 25
$1.3B
$9.5B
Q3 25
$1.2B
$9.0B
Q2 25
$1.3B
$8.5B
Q1 25
$1.2B
$8.2B
Q4 24
$8.0B
Q3 24
$1.0B
$7.6B
Q2 24
$739.9M
$7.3B
Total Assets
ARDT
ARDT
FSLR
FSLR
Q1 26
$13.4B
Q4 25
$5.3B
$13.3B
Q3 25
$5.2B
$13.5B
Q2 25
$5.0B
$12.9B
Q1 25
$4.9B
$12.1B
Q4 24
$12.1B
Q3 24
$4.8B
$11.4B
Q2 24
$4.6B
$11.0B
Debt / Equity
ARDT
ARDT
FSLR
FSLR
Q1 26
0.04×
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×

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
FSLR
FSLR
Operating Cash FlowLast quarter
$223.4M
$-214.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.97×
-0.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
FSLR
FSLR
Q1 26
$-214.9M
Q4 25
$223.4M
$1.2B
Q3 25
$154.4M
$1.3B
Q2 25
$117.5M
$149.6M
Q1 25
$-24.8M
$-608.0M
Q4 24
$811.0M
Q3 24
$89.7M
$-53.7M
Q2 24
$193.0M
Free Cash Flow
ARDT
ARDT
FSLR
FSLR
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$-138.6M
Q1 25
$-813.9M
Q4 24
$497.5M
Q3 24
$-487.7M
Q2 24
$-172.1M
FCF Margin
ARDT
ARDT
FSLR
FSLR
Q1 26
Q4 25
63.6%
Q3 25
67.1%
Q2 25
-12.6%
Q1 25
-96.4%
Q4 24
32.9%
Q3 24
-54.9%
Q2 24
-17.0%
Capex Intensity
ARDT
ARDT
FSLR
FSLR
Q1 26
Q4 25
10.2%
Q3 25
12.8%
Q2 25
26.3%
Q1 25
24.4%
Q4 24
20.7%
Q3 24
48.9%
Q2 24
36.1%
Cash Conversion
ARDT
ARDT
FSLR
FSLR
Q1 26
-0.62×
Q4 25
4.97×
2.38×
Q3 25
2.79×
Q2 25
1.61×
0.44×
Q1 25
-0.60×
-2.90×
Q4 24
2.06×
Q3 24
3.41×
-0.17×
Q2 24
0.55×

Financial Flow Comparison

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

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