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

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.4B, roughly 1.1× Keysight Technologies). Keysight Technologies runs the higher net margin — 16.4% vs 2.8%, a 13.6% gap on every dollar of revenue.

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

Keysight Technologies, Inc. is an American company that manufactures electronics test and measurement equipment and software. The company was formed as a spin-off of Agilent Technologies, which inherited and rebranded the test and measurement product lines developed and produced, from the late 1960s to the turn of the millennium, by Hewlett-Packard's Test and Measurement division. Its name is a portmanteau of key and insight.

ARDT vs KEYS — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.1× larger
ARDT
$1.6B
$1.4B
KEYS
Higher net margin
KEYS
KEYS
13.6% more per $
KEYS
16.4%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARDT
ARDT
KEYS
KEYS
Revenue
$1.6B
$1.4B
Net Profit
$45.0M
$233.0M
Gross Margin
61.2%
Operating Margin
5.8%
15.3%
Net Margin
2.8%
16.4%
Revenue YoY
10.3%
Net Profit YoY
419.2%
EPS (diluted)
$0.32
$1.35

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
KEYS
KEYS
Q4 25
$1.6B
$1.4B
Q3 25
$1.6B
$1.4B
Q2 25
$1.6B
$1.3B
Q1 25
$1.5B
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
$1.2B
Q2 24
$1.5B
$1.2B
Q1 24
$1.3B
Net Profit
ARDT
ARDT
KEYS
KEYS
Q4 25
$45.0M
$233.0M
Q3 25
$-23.5M
$191.0M
Q2 25
$73.0M
$257.0M
Q1 25
$41.4M
$169.0M
Q4 24
$-73.0M
Q3 24
$26.3M
$389.0M
Q2 24
$42.8M
$126.0M
Q1 24
$172.0M
Gross Margin
ARDT
ARDT
KEYS
KEYS
Q4 25
61.2%
Q3 25
61.7%
Q2 25
62.3%
Q1 25
63.2%
Q4 24
62.3%
Q3 24
62.0%
Q2 24
62.7%
Q1 24
64.6%
Operating Margin
ARDT
ARDT
KEYS
KEYS
Q4 25
5.8%
15.3%
Q3 25
-0.1%
17.3%
Q2 25
7.4%
15.8%
Q1 25
5.0%
16.8%
Q4 24
17.9%
Q3 24
3.9%
16.8%
Q2 24
5.6%
14.6%
Q1 24
17.6%
Net Margin
ARDT
ARDT
KEYS
KEYS
Q4 25
2.8%
16.4%
Q3 25
-1.5%
14.1%
Q2 25
4.4%
19.7%
Q1 25
2.8%
13.0%
Q4 24
-5.7%
Q3 24
1.8%
32.0%
Q2 24
2.9%
10.4%
Q1 24
13.7%
EPS (diluted)
ARDT
ARDT
KEYS
KEYS
Q4 25
$0.32
$1.35
Q3 25
$-0.17
$1.10
Q2 25
$0.52
$1.49
Q1 25
$0.29
$0.97
Q4 24
$-0.41
Q3 24
$0.19
$2.22
Q2 24
$0.34
$0.72
Q1 24
$0.98

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
KEYS
KEYS
Cash + ST InvestmentsLiquidity on hand
$709.6M
$1.9B
Total DebtLower is stronger
$1.1B
$2.5B
Stockholders' EquityBook value
$1.3B
$5.9B
Total Assets
$5.3B
$11.3B
Debt / EquityLower = less leverage
0.84×
0.43×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
KEYS
KEYS
Q4 25
$709.6M
$1.9B
Q3 25
$609.4M
$2.6B
Q2 25
$540.6M
$3.1B
Q1 25
$495.0M
$2.1B
Q4 24
$1.8B
Q3 24
$563.1M
$1.6B
Q2 24
$334.5M
$1.7B
Q1 24
$1.7B
Total Debt
ARDT
ARDT
KEYS
KEYS
Q4 25
$1.1B
$2.5B
Q3 25
$1.1B
$2.5B
Q2 25
$1.1B
$2.5B
Q1 25
$1.1B
$1.8B
Q4 24
$1.8B
Q3 24
$1.1B
$1.8B
Q2 24
$1.1B
$1.8B
Q1 24
$1.8B
Stockholders' Equity
ARDT
ARDT
KEYS
KEYS
Q4 25
$1.3B
$5.9B
Q3 25
$1.2B
$5.7B
Q2 25
$1.3B
$5.5B
Q1 25
$1.2B
$5.2B
Q4 24
$5.1B
Q3 24
$1.0B
$5.2B
Q2 24
$739.9M
$4.9B
Q1 24
$4.8B
Total Assets
ARDT
ARDT
KEYS
KEYS
Q4 25
$5.3B
$11.3B
Q3 25
$5.2B
$10.7B
Q2 25
$5.0B
$10.5B
Q1 25
$4.9B
$9.4B
Q4 24
$9.3B
Q3 24
$4.8B
$9.3B
Q2 24
$4.6B
$9.0B
Q1 24
$9.1B
Debt / Equity
ARDT
ARDT
KEYS
KEYS
Q4 25
0.84×
0.43×
Q3 25
0.88×
0.45×
Q2 25
0.87×
0.46×
Q1 25
0.93×
0.35×
Q4 24
0.35×
Q3 24
1.08×
0.34×
Q2 24
1.46×
0.37×
Q1 24
0.38×

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
KEYS
KEYS
Operating Cash FlowLast quarter
$223.4M
$225.0M
Free Cash FlowOCF − Capex
$187.0M
FCF MarginFCF / Revenue
13.2%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
4.97×
0.97×
TTM Free Cash FlowTrailing 4 quarters
$1.3B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
KEYS
KEYS
Q4 25
$223.4M
$225.0M
Q3 25
$154.4M
$322.0M
Q2 25
$117.5M
$484.0M
Q1 25
$-24.8M
$378.0M
Q4 24
$359.0M
Q3 24
$89.7M
$255.0M
Q2 24
$110.0M
Q1 24
$328.0M
Free Cash Flow
ARDT
ARDT
KEYS
KEYS
Q4 25
$187.0M
Q3 25
$291.0M
Q2 25
$457.0M
Q1 25
$346.0M
Q4 24
$321.0M
Q3 24
$222.0M
Q2 24
$74.0M
Q1 24
$281.0M
FCF Margin
ARDT
ARDT
KEYS
KEYS
Q4 25
13.2%
Q3 25
21.5%
Q2 25
35.0%
Q1 25
26.7%
Q4 24
24.9%
Q3 24
18.2%
Q2 24
6.1%
Q1 24
22.3%
Capex Intensity
ARDT
ARDT
KEYS
KEYS
Q4 25
2.7%
Q3 25
2.3%
Q2 25
2.1%
Q1 25
2.5%
Q4 24
3.0%
Q3 24
2.7%
Q2 24
3.0%
Q1 24
3.7%
Cash Conversion
ARDT
ARDT
KEYS
KEYS
Q4 25
4.97×
0.97×
Q3 25
1.69×
Q2 25
1.61×
1.88×
Q1 25
-0.60×
2.24×
Q4 24
Q3 24
3.41×
0.66×
Q2 24
0.87×
Q1 24
1.91×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

KEYS
KEYS

Transferred At Point In Time$790.0M56%
Electronicindustrial$429.0M30%
Transferred Over Time$200.0M14%

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