vs

Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and GLOBAL PARTNERS LP (GLP). Click either name above to swap in a different company.

GLOBAL PARTNERS LP is the larger business by last-quarter revenue ($2.2B vs $1.6B, roughly 1.4× Ardent Health, Inc.). Ardent Health, Inc. runs the higher net margin — 2.8% vs 1.1%, a 1.7% gap on every dollar of revenue.

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

Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.

ARDT vs GLP — Head-to-Head

Bigger by revenue
GLP
GLP
1.4× larger
GLP
$2.2B
$1.6B
ARDT
Higher net margin
ARDT
ARDT
1.7% more per $
ARDT
2.8%
1.1%
GLP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARDT
ARDT
GLP
GLP
Revenue
$1.6B
$2.2B
Net Profit
$45.0M
$25.1M
Gross Margin
11.9%
Operating Margin
5.8%
2.6%
Net Margin
2.8%
1.1%
Revenue YoY
7.0%
Net Profit YoY
5.0%
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
GLP
GLP
Q4 25
$1.6B
$2.2B
Q3 25
$1.6B
$2.2B
Q2 25
$1.6B
$2.1B
Q1 25
$1.5B
$2.2B
Q4 24
$2.1B
Q3 24
$1.4B
$2.1B
Q2 24
$1.5B
$2.3B
Q1 24
$2.2B
Net Profit
ARDT
ARDT
GLP
GLP
Q4 25
$45.0M
$25.1M
Q3 25
$-23.5M
$29.0M
Q2 25
$73.0M
$25.2M
Q1 25
$41.4M
$18.7M
Q4 24
$23.9M
Q3 24
$26.3M
$45.9M
Q2 24
$42.8M
$46.1M
Q1 24
$-5.6M
Gross Margin
ARDT
ARDT
GLP
GLP
Q4 25
11.9%
Q3 25
12.1%
Q2 25
13.1%
Q1 25
11.7%
Q4 24
13.0%
Q3 24
13.4%
Q2 24
12.6%
Q1 24
9.8%
Operating Margin
ARDT
ARDT
GLP
GLP
Q4 25
5.8%
2.6%
Q3 25
-0.1%
2.7%
Q2 25
7.4%
2.9%
Q1 25
5.0%
2.6%
Q4 24
2.8%
Q3 24
3.9%
3.9%
Q2 24
5.6%
3.7%
Q1 24
1.2%
Net Margin
ARDT
ARDT
GLP
GLP
Q4 25
2.8%
1.1%
Q3 25
-1.5%
1.3%
Q2 25
4.4%
1.2%
Q1 25
2.8%
0.9%
Q4 24
1.2%
Q3 24
1.8%
2.1%
Q2 24
2.9%
2.0%
Q1 24
-0.3%
EPS (diluted)
ARDT
ARDT
GLP
GLP
Q4 25
$0.32
Q3 25
$-0.17
Q2 25
$0.52
Q1 25
$0.29
Q4 24
Q3 24
$0.19
Q2 24
$0.34
Q1 24

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
GLP
GLP
Cash + ST InvestmentsLiquidity on hand
$709.6M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.3B
Total Assets
$5.3B
$3.9B
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
GLP
GLP
Q4 25
$709.6M
Q3 25
$609.4M
Q2 25
$540.6M
Q1 25
$495.0M
Q4 24
Q3 24
$563.1M
Q2 24
$334.5M
Q1 24
Total Debt
ARDT
ARDT
GLP
GLP
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
Q1 24
Stockholders' Equity
ARDT
ARDT
GLP
GLP
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
Q3 24
$1.0B
Q2 24
$739.9M
Q1 24
Total Assets
ARDT
ARDT
GLP
GLP
Q4 25
$5.3B
$3.9B
Q3 25
$5.2B
$3.7B
Q2 25
$5.0B
$3.8B
Q1 25
$4.9B
$3.8B
Q4 24
$3.8B
Q3 24
$4.8B
$3.7B
Q2 24
$4.6B
$3.8B
Q1 24
$3.5B
Debt / Equity
ARDT
ARDT
GLP
GLP
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
ARDT
ARDT
GLP
GLP
Operating Cash FlowLast quarter
$223.4M
$101.0M
Free Cash FlowOCF − Capex
$62.2M
FCF MarginFCF / Revenue
2.8%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.97×
4.03×
TTM Free Cash FlowTrailing 4 quarters
$193.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
GLP
GLP
Q4 25
$223.4M
$101.0M
Q3 25
$154.4M
$19.0M
Q2 25
$117.5M
$216.3M
Q1 25
$-24.8M
$-51.6M
Q4 24
$67.2M
Q3 24
$89.7M
$122.7M
Q2 24
$24.3M
Q1 24
$-182.7M
Free Cash Flow
ARDT
ARDT
GLP
GLP
Q4 25
$62.2M
Q3 25
$-678.0K
Q2 25
$201.3M
Q1 25
$-69.5M
Q4 24
$20.4M
Q3 24
$98.4M
Q2 24
$8.7M
Q1 24
$-199.3M
FCF Margin
ARDT
ARDT
GLP
GLP
Q4 25
2.8%
Q3 25
-0.0%
Q2 25
9.7%
Q1 25
-3.2%
Q4 24
1.0%
Q3 24
4.6%
Q2 24
0.4%
Q1 24
-9.0%
Capex Intensity
ARDT
ARDT
GLP
GLP
Q4 25
1.8%
Q3 25
0.9%
Q2 25
0.7%
Q1 25
0.8%
Q4 24
2.3%
Q3 24
1.1%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
ARDT
ARDT
GLP
GLP
Q4 25
4.97×
4.03×
Q3 25
0.66×
Q2 25
1.61×
8.58×
Q1 25
-0.60×
-2.76×
Q4 24
2.82×
Q3 24
3.41×
2.67×
Q2 24
0.53×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

GLP
GLP

Gasoline$1.0B46%
Refined Petroleum Products Renewable Fuels Crude Oil And Propane$884.7M40%
Commercial Segment$187.6M8%
Station Operations$110.5M5%

Related Comparisons