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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and MSCI Inc. (MSCI). Click either name above to swap in a different company.
Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $822.5M, roughly 2.0× MSCI Inc.). MSCI Inc. runs the higher net margin — 34.6% vs 2.8%, a 31.8% gap on every dollar of revenue.
Goodlife Health Clubs is a chain of health clubs, with more than 80 locations in Australia.
MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate finance products. It operates the MSCI World, MSCI Emerging Markets, and MSCI All Country World (ACWI) indices, among others.
ARDT vs MSCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $822.5M |
| Net Profit | $45.0M | $284.7M |
| Gross Margin | — | — |
| Operating Margin | 5.8% | 56.4% |
| Net Margin | 2.8% | 34.6% |
| Revenue YoY | — | 10.6% |
| Net Profit YoY | — | -6.8% |
| EPS (diluted) | $0.32 | $3.81 |
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.
| Q4 25 | $1.6B | $822.5M | ||
| Q3 25 | $1.6B | $793.4M | ||
| Q2 25 | $1.6B | $772.7M | ||
| Q1 25 | $1.5B | $745.8M | ||
| Q4 24 | — | $743.5M | ||
| Q3 24 | $1.4B | $724.7M | ||
| Q2 24 | $1.5B | $707.9M | ||
| Q1 24 | — | $680.0M |
| Q4 25 | $45.0M | $284.7M | ||
| Q3 25 | $-23.5M | $325.4M | ||
| Q2 25 | $73.0M | $303.6M | ||
| Q1 25 | $41.4M | $288.6M | ||
| Q4 24 | — | $305.5M | ||
| Q3 24 | $26.3M | $280.9M | ||
| Q2 24 | $42.8M | $266.8M | ||
| Q1 24 | — | $256.0M |
| Q4 25 | 5.8% | 56.4% | ||
| Q3 25 | -0.1% | 56.4% | ||
| Q2 25 | 7.4% | 55.0% | ||
| Q1 25 | 5.0% | 50.6% | ||
| Q4 24 | — | 54.5% | ||
| Q3 24 | 3.9% | 55.4% | ||
| Q2 24 | 5.6% | 54.0% | ||
| Q1 24 | — | 49.9% |
| Q4 25 | 2.8% | 34.6% | ||
| Q3 25 | -1.5% | 41.0% | ||
| Q2 25 | 4.4% | 39.3% | ||
| Q1 25 | 2.8% | 38.7% | ||
| Q4 24 | — | 41.1% | ||
| Q3 24 | 1.8% | 38.8% | ||
| Q2 24 | 2.9% | 37.7% | ||
| Q1 24 | — | 37.6% |
| Q4 25 | $0.32 | $3.81 | ||
| Q3 25 | $-0.17 | $4.25 | ||
| Q2 25 | $0.52 | $3.92 | ||
| Q1 25 | $0.29 | $3.71 | ||
| Q4 24 | — | $3.89 | ||
| Q3 24 | $0.19 | $3.57 | ||
| Q2 24 | $0.34 | $3.37 | ||
| Q1 24 | — | $3.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $709.6M | $515.3M |
| Total DebtLower is stronger | $1.1B | $6.2B |
| Stockholders' EquityBook value | $1.3B | $-2.7B |
| Total Assets | $5.3B | $5.7B |
| Debt / EquityLower = less leverage | 0.84× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $709.6M | $515.3M | ||
| Q3 25 | $609.4M | $400.1M | ||
| Q2 25 | $540.6M | $347.3M | ||
| Q1 25 | $495.0M | $360.7M | ||
| Q4 24 | — | $409.4M | ||
| Q3 24 | $563.1M | $501.0M | ||
| Q2 24 | $334.5M | $451.4M | ||
| Q1 24 | — | $519.3M |
| Q4 25 | $1.1B | $6.2B | ||
| Q3 25 | $1.1B | $5.5B | ||
| Q2 25 | $1.1B | $4.5B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $1.1B | $4.5B | ||
| Q2 24 | $1.1B | $4.5B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $1.3B | $-2.7B | ||
| Q3 25 | $1.2B | $-1.9B | ||
| Q2 25 | $1.3B | $-886.2M | ||
| Q1 25 | $1.2B | $-958.6M | ||
| Q4 24 | — | $-940.0M | ||
| Q3 24 | $1.0B | $-751.0M | ||
| Q2 24 | $739.9M | $-734.5M | ||
| Q1 24 | — | $-650.5M |
| Q4 25 | $5.3B | $5.7B | ||
| Q3 25 | $5.2B | $5.4B | ||
| Q2 25 | $5.0B | $5.4B | ||
| Q1 25 | $4.9B | $5.3B | ||
| Q4 24 | — | $5.4B | ||
| Q3 24 | $4.8B | $5.4B | ||
| Q2 24 | $4.6B | $5.5B | ||
| Q1 24 | — | $5.5B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $223.4M | $501.1M |
| Free Cash FlowOCF − Capex | — | $488.7M |
| FCF MarginFCF / Revenue | — | 59.4% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 4.97× | 1.76× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.5B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $223.4M | $501.1M | ||
| Q3 25 | $154.4M | $449.4M | ||
| Q2 25 | $117.5M | $336.1M | ||
| Q1 25 | $-24.8M | $301.7M | ||
| Q4 24 | — | $430.6M | ||
| Q3 24 | $89.7M | $421.6M | ||
| Q2 24 | — | $349.2M | ||
| Q1 24 | — | $300.1M |
| Q4 25 | — | $488.7M | ||
| Q3 25 | — | $445.5M | ||
| Q2 25 | — | $324.7M | ||
| Q1 25 | — | $290.2M | ||
| Q4 24 | — | $416.4M | ||
| Q3 24 | — | $415.0M | ||
| Q2 24 | — | $340.6M | ||
| Q1 24 | — | $295.9M |
| Q4 25 | — | 59.4% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 42.0% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 56.0% | ||
| Q3 24 | — | 57.3% | ||
| Q2 24 | — | 48.1% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | 4.97× | 1.76× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | 1.61× | 1.11× | ||
| Q1 25 | -0.60× | 1.05× | ||
| Q4 24 | — | 1.41× | ||
| Q3 24 | 3.41× | 1.50× | ||
| Q2 24 | — | 1.31× | ||
| Q1 24 | — | 1.17× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARDT
Segment breakdown not available.
MSCI
| Recurring Subscriptions | $246.4M | 30% |
| Asset Based Fees | $211.7M | 26% |
| Analytics Segment | $182.3M | 22% |
| Sustainability And Climate Segment | $90.3M | 11% |
| Other | $70.9M | 9% |
| Non Recurring | $21.1M | 3% |
