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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.5B, roughly 1.0× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 12.4% vs 2.8%, a 9.6% gap on every dollar of revenue.

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

Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.

ARDT vs MCY — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.0× larger
ARDT
$1.6B
$1.5B
MCY
Higher net margin
MCY
MCY
9.6% more per $
MCY
12.4%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARDT
ARDT
MCY
MCY
Revenue
$1.6B
$1.5B
Net Profit
$45.0M
$190.4M
Gross Margin
Operating Margin
5.8%
Net Margin
2.8%
12.4%
Revenue YoY
10.5%
Net Profit YoY
-36.3%
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
MCY
MCY
Q1 26
$1.5B
Q4 25
$1.6B
$1.5B
Q3 25
$1.6B
$1.6B
Q2 25
$1.6B
$1.5B
Q1 25
$1.5B
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
$1.5B
Q2 24
$1.5B
$1.3B
Net Profit
ARDT
ARDT
MCY
MCY
Q1 26
$190.4M
Q4 25
$45.0M
$202.5M
Q3 25
$-23.5M
$280.4M
Q2 25
$73.0M
$166.5M
Q1 25
$41.4M
$-108.3M
Q4 24
$101.1M
Q3 24
$26.3M
$230.9M
Q2 24
$42.8M
$62.6M
Gross Margin
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
99.7%
Q3 25
99.8%
Q2 25
99.8%
Q1 25
99.7%
Q4 24
99.7%
Q3 24
99.8%
Q2 24
99.8%
Operating Margin
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
5.8%
16.2%
Q3 25
-0.1%
22.1%
Q2 25
7.4%
14.0%
Q1 25
5.0%
-10.2%
Q4 24
9.0%
Q3 24
3.9%
18.8%
Q2 24
5.6%
5.8%
Net Margin
ARDT
ARDT
MCY
MCY
Q1 26
12.4%
Q4 25
2.8%
13.2%
Q3 25
-1.5%
17.7%
Q2 25
4.4%
11.3%
Q1 25
2.8%
-7.8%
Q4 24
7.4%
Q3 24
1.8%
15.1%
Q2 24
2.9%
4.8%
EPS (diluted)
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
$0.32
$3.66
Q3 25
$-0.17
$5.06
Q2 25
$0.52
$3.01
Q1 25
$0.29
$-1.96
Q4 24
$1.82
Q3 24
$0.19
$4.17
Q2 24
$0.34
$1.13

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
MCY
MCY
Cash + ST InvestmentsLiquidity on hand
$709.6M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.3B
$2.6B
Total Assets
$5.3B
$9.9B
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
MCY
MCY
Q1 26
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
Total Debt
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
$1.1B
$575.0M
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$575.0M
Q3 24
$1.1B
Q2 24
$1.1B
Stockholders' Equity
ARDT
ARDT
MCY
MCY
Q1 26
$2.6B
Q4 25
$1.3B
$2.4B
Q3 25
$1.2B
$2.2B
Q2 25
$1.3B
$2.0B
Q1 25
$1.2B
$1.8B
Q4 24
$1.9B
Q3 24
$1.0B
$1.9B
Q2 24
$739.9M
$1.6B
Total Assets
ARDT
ARDT
MCY
MCY
Q1 26
$9.9B
Q4 25
$5.3B
$9.6B
Q3 25
$5.2B
$9.4B
Q2 25
$5.0B
$9.1B
Q1 25
$4.9B
$9.0B
Q4 24
$8.3B
Q3 24
$4.8B
$8.2B
Q2 24
$4.6B
$7.7B
Debt / Equity
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
0.84×
0.24×
Q3 25
0.88×
Q2 25
0.87×
Q1 25
0.93×
Q4 24
0.30×
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
MCY
MCY
Operating Cash FlowLast quarter
$223.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
$223.4M
$287.9M
Q3 25
$154.4M
$496.4M
Q2 25
$117.5M
$371.6M
Q1 25
$-24.8M
$-68.7M
Q4 24
$248.3M
Q3 24
$89.7M
$318.1M
Q2 24
$278.0M
Free Cash Flow
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
$273.9M
Q3 25
$479.5M
Q2 25
$357.2M
Q1 25
$-81.9M
Q4 24
$236.0M
Q3 24
$306.2M
Q2 24
$266.5M
FCF Margin
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
17.8%
Q3 25
30.3%
Q2 25
24.2%
Q1 25
-5.9%
Q4 24
17.3%
Q3 24
20.0%
Q2 24
20.4%
Capex Intensity
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
0.9%
Q3 25
1.1%
Q2 25
1.0%
Q1 25
0.9%
Q4 24
0.9%
Q3 24
0.8%
Q2 24
0.9%
Cash Conversion
ARDT
ARDT
MCY
MCY
Q1 26
Q4 25
4.97×
1.42×
Q3 25
1.77×
Q2 25
1.61×
2.23×
Q1 25
-0.60×
Q4 24
2.46×
Q3 24
3.41×
1.38×
Q2 24
4.44×

Financial Flow Comparison

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

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