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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and M&T Bank (MTB). Click either name above to swap in a different company.

M&T Bank is the larger business by last-quarter revenue ($2.5B vs $1.6B, roughly 1.5× Ardent Health, Inc.). M&T Bank runs the higher net margin — 30.7% vs 2.8%, a 27.9% gap on every dollar of revenue.

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

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

ARDT vs MTB — Head-to-Head

Bigger by revenue
MTB
MTB
1.5× larger
MTB
$2.5B
$1.6B
ARDT
Higher net margin
MTB
MTB
27.9% more per $
MTB
30.7%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARDT
ARDT
MTB
MTB
Revenue
$1.6B
$2.5B
Net Profit
$45.0M
$759.0M
Gross Margin
Operating Margin
5.8%
39.2%
Net Margin
2.8%
30.7%
Revenue YoY
3.8%
Net Profit YoY
11.5%
EPS (diluted)
$0.32
$4.62

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
MTB
MTB
Q4 25
$1.6B
$2.5B
Q3 25
$1.6B
$2.5B
Q2 25
$1.6B
$2.4B
Q1 25
$1.5B
$2.3B
Q4 24
$2.4B
Q3 24
$1.4B
$2.3B
Q2 24
$1.5B
$2.3B
Q1 24
$2.3B
Net Profit
ARDT
ARDT
MTB
MTB
Q4 25
$45.0M
$759.0M
Q3 25
$-23.5M
$792.0M
Q2 25
$73.0M
$716.0M
Q1 25
$41.4M
$584.0M
Q4 24
$681.0M
Q3 24
$26.3M
$721.0M
Q2 24
$42.8M
$655.0M
Q1 24
$531.0M
Operating Margin
ARDT
ARDT
MTB
MTB
Q4 25
5.8%
39.2%
Q3 25
-0.1%
40.8%
Q2 25
7.4%
39.0%
Q1 25
5.0%
33.0%
Q4 24
37.0%
Q3 24
3.9%
39.0%
Q2 24
5.6%
37.1%
Q1 24
29.4%
Net Margin
ARDT
ARDT
MTB
MTB
Q4 25
2.8%
30.7%
Q3 25
-1.5%
31.5%
Q2 25
4.4%
29.9%
Q1 25
2.8%
25.3%
Q4 24
28.6%
Q3 24
1.8%
30.9%
Q2 24
2.9%
28.5%
Q1 24
23.5%
EPS (diluted)
ARDT
ARDT
MTB
MTB
Q4 25
$0.32
$4.62
Q3 25
$-0.17
$4.82
Q2 25
$0.52
$4.24
Q1 25
$0.29
$3.32
Q4 24
$3.87
Q3 24
$0.19
$4.02
Q2 24
$0.34
$3.73
Q1 24
$3.02

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
MTB
MTB
Cash + ST InvestmentsLiquidity on hand
$709.6M
Total DebtLower is stronger
$1.1B
$10.9B
Stockholders' EquityBook value
$1.3B
$29.2B
Total Assets
$5.3B
$213.5B
Debt / EquityLower = less leverage
0.84×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
MTB
MTB
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
MTB
MTB
Q4 25
$1.1B
$10.9B
Q3 25
$1.1B
$12.9B
Q2 25
$1.1B
$12.4B
Q1 25
$1.1B
$10.5B
Q4 24
$12.6B
Q3 24
$1.1B
$11.6B
Q2 24
$1.1B
$11.3B
Q1 24
$11.4B
Stockholders' Equity
ARDT
ARDT
MTB
MTB
Q4 25
$1.3B
$29.2B
Q3 25
$1.2B
$28.7B
Q2 25
$1.3B
$28.5B
Q1 25
$1.2B
$29.0B
Q4 24
$29.0B
Q3 24
$1.0B
$28.9B
Q2 24
$739.9M
$28.4B
Q1 24
$27.2B
Total Assets
ARDT
ARDT
MTB
MTB
Q4 25
$5.3B
$213.5B
Q3 25
$5.2B
$211.3B
Q2 25
$5.0B
$211.6B
Q1 25
$4.9B
$210.3B
Q4 24
$208.1B
Q3 24
$4.8B
$211.8B
Q2 24
$4.6B
$208.9B
Q1 24
$215.1B
Debt / Equity
ARDT
ARDT
MTB
MTB
Q4 25
0.84×
0.37×
Q3 25
0.88×
0.45×
Q2 25
0.87×
0.43×
Q1 25
0.93×
0.36×
Q4 24
0.43×
Q3 24
1.08×
0.40×
Q2 24
1.46×
0.40×
Q1 24
0.42×

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
MTB
MTB
Operating Cash FlowLast quarter
$223.4M
$3.0B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.97×
3.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
MTB
MTB
Q4 25
$223.4M
$3.0B
Q3 25
$154.4M
$1.0B
Q2 25
$117.5M
$844.0M
Q1 25
$-24.8M
$635.0M
Q4 24
$3.6B
Q3 24
$89.7M
$-28.0M
Q2 24
$1.4B
Q1 24
$608.0M
Cash Conversion
ARDT
ARDT
MTB
MTB
Q4 25
4.97×
3.96×
Q3 25
1.26×
Q2 25
1.61×
1.18×
Q1 25
-0.60×
1.09×
Q4 24
5.30×
Q3 24
3.41×
-0.04×
Q2 24
2.07×
Q1 24
1.15×

Financial Flow Comparison

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

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