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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and McCormick & Company (MKC). Click either name above to swap in a different company.

McCormick & Company is the larger business by last-quarter revenue ($1.9B vs $1.6B, roughly 1.2× Ardent Health, Inc.). McCormick & Company runs the higher net margin — 12.2% vs 2.8%, a 9.4% gap on every dollar of revenue.

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

McCormick & Company, Incorporated is an American food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products to retail outlets, food manufacturers, and food service businesses.

ARDT vs MKC — Head-to-Head

Bigger by revenue
MKC
MKC
1.2× larger
MKC
$1.9B
$1.6B
ARDT
Higher net margin
MKC
MKC
9.4% more per $
MKC
12.2%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARDT
ARDT
MKC
MKC
Revenue
$1.6B
$1.9B
Net Profit
$45.0M
$226.6M
Gross Margin
38.9%
Operating Margin
5.8%
16.8%
Net Margin
2.8%
12.2%
Revenue YoY
2.9%
Net Profit YoY
5.3%
EPS (diluted)
$0.32
$0.84

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
MKC
MKC
Q4 25
$1.6B
$1.9B
Q3 25
$1.6B
$1.7B
Q2 25
$1.6B
$1.7B
Q1 25
$1.5B
$1.6B
Q4 24
$1.8B
Q3 24
$1.4B
$1.7B
Q2 24
$1.5B
$1.6B
Q1 24
$1.6B
Net Profit
ARDT
ARDT
MKC
MKC
Q4 25
$45.0M
$226.6M
Q3 25
$-23.5M
$225.5M
Q2 25
$73.0M
$175.0M
Q1 25
$41.4M
$162.3M
Q4 24
$215.2M
Q3 24
$26.3M
$223.1M
Q2 24
$42.8M
$184.2M
Q1 24
$166.0M
Gross Margin
ARDT
ARDT
MKC
MKC
Q4 25
38.9%
Q3 25
37.4%
Q2 25
37.5%
Q1 25
37.6%
Q4 24
40.2%
Q3 24
38.7%
Q2 24
37.7%
Q1 24
37.4%
Operating Margin
ARDT
ARDT
MKC
MKC
Q4 25
5.8%
16.8%
Q3 25
-0.1%
16.7%
Q2 25
7.4%
14.8%
Q1 25
5.0%
14.0%
Q4 24
17.0%
Q3 24
3.9%
17.1%
Q2 24
5.6%
14.2%
Q1 24
14.6%
Net Margin
ARDT
ARDT
MKC
MKC
Q4 25
2.8%
12.2%
Q3 25
-1.5%
13.1%
Q2 25
4.4%
10.5%
Q1 25
2.8%
10.1%
Q4 24
12.0%
Q3 24
1.8%
13.3%
Q2 24
2.9%
11.2%
Q1 24
10.4%
EPS (diluted)
ARDT
ARDT
MKC
MKC
Q4 25
$0.32
$0.84
Q3 25
$-0.17
$0.84
Q2 25
$0.52
$0.65
Q1 25
$0.29
$0.60
Q4 24
$0.79
Q3 24
$0.19
$0.83
Q2 24
$0.34
$0.68
Q1 24
$0.62

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
MKC
MKC
Cash + ST InvestmentsLiquidity on hand
$709.6M
$95.9M
Total DebtLower is stronger
$1.1B
$3.6B
Stockholders' EquityBook value
$1.3B
$5.7B
Total Assets
$5.3B
$13.2B
Debt / EquityLower = less leverage
0.84×
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
MKC
MKC
Q4 25
$709.6M
$95.9M
Q3 25
$609.4M
$94.9M
Q2 25
$540.6M
$124.1M
Q1 25
$495.0M
$102.8M
Q4 24
$186.1M
Q3 24
$563.1M
$200.8M
Q2 24
$334.5M
$166.3M
Q1 24
$178.0M
Total Debt
ARDT
ARDT
MKC
MKC
Q4 25
$1.1B
$3.6B
Q3 25
$1.1B
$3.9B
Q2 25
$1.1B
$3.9B
Q1 25
$1.1B
$3.9B
Q4 24
$3.9B
Q3 24
$1.1B
$3.4B
Q2 24
$1.1B
$4.1B
Q1 24
$4.1B
Stockholders' Equity
ARDT
ARDT
MKC
MKC
Q4 25
$1.3B
$5.7B
Q3 25
$1.2B
$5.8B
Q2 25
$1.3B
$5.6B
Q1 25
$1.2B
$5.4B
Q4 24
$5.3B
Q3 24
$1.0B
$5.4B
Q2 24
$739.9M
$5.3B
Q1 24
$5.2B
Total Assets
ARDT
ARDT
MKC
MKC
Q4 25
$5.3B
$13.2B
Q3 25
$5.2B
$13.2B
Q2 25
$5.0B
$13.2B
Q1 25
$4.9B
$12.9B
Q4 24
$13.1B
Q3 24
$4.8B
$13.2B
Q2 24
$4.6B
$13.0B
Q1 24
$12.9B
Debt / Equity
ARDT
ARDT
MKC
MKC
Q4 25
0.84×
0.63×
Q3 25
0.88×
0.67×
Q2 25
0.87×
0.69×
Q1 25
0.93×
0.71×
Q4 24
0.73×
Q3 24
1.08×
0.63×
Q2 24
1.46×
0.77×
Q1 24
0.79×

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
MKC
MKC
Operating Cash FlowLast quarter
$223.4M
$542.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.97×
2.39×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
MKC
MKC
Q4 25
$223.4M
$542.0M
Q3 25
$154.4M
$258.8M
Q2 25
$117.5M
$45.9M
Q1 25
$-24.8M
$115.5M
Q4 24
$458.7M
Q3 24
$89.7M
$161.7M
Q2 24
$163.1M
Q1 24
$138.4M
Free Cash Flow
ARDT
ARDT
MKC
MKC
Q4 25
Q3 25
$206.1M
Q2 25
$-2.4M
Q1 25
$78.4M
Q4 24
Q3 24
$102.7M
Q2 24
$94.8M
Q1 24
$76.4M
FCF Margin
ARDT
ARDT
MKC
MKC
Q4 25
Q3 25
11.9%
Q2 25
-0.1%
Q1 25
4.9%
Q4 24
Q3 24
6.1%
Q2 24
5.8%
Q1 24
4.8%
Capex Intensity
ARDT
ARDT
MKC
MKC
Q4 25
Q3 25
3.1%
Q2 25
2.9%
Q1 25
2.3%
Q4 24
Q3 24
3.5%
Q2 24
4.2%
Q1 24
3.9%
Cash Conversion
ARDT
ARDT
MKC
MKC
Q4 25
4.97×
2.39×
Q3 25
1.15×
Q2 25
1.61×
0.26×
Q1 25
-0.60×
0.71×
Q4 24
2.13×
Q3 24
3.41×
0.72×
Q2 24
0.89×
Q1 24
0.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

MKC
MKC

Consumer$1.1B61%
Flavor Solutions$723.1M39%

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