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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and Pinnacle West Capital (PNW). Click either name above to swap in a different company.

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.1B, roughly 1.4× Pinnacle West Capital). Ardent Health, Inc. runs the higher net margin — 2.8% vs 1.6%, a 1.2% gap on every dollar of revenue.

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

Pinnacle West Capital Corporation is an American utility holding company that owns Arizona Public Service (APS). It is publicly traded on the New York Stock exchange and a component of the S&P 500 stock market index. APS is the largest utility company in Arizona and is regulated by the Arizona Corporation Commission (ACC).

ARDT vs PNW — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.4× larger
ARDT
$1.6B
$1.1B
PNW
Higher net margin
ARDT
ARDT
1.2% more per $
ARDT
2.8%
1.6%
PNW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARDT
ARDT
PNW
PNW
Revenue
$1.6B
$1.1B
Net Profit
$45.0M
$17.6M
Gross Margin
Operating Margin
5.8%
10.7%
Net Margin
2.8%
1.6%
Revenue YoY
3.0%
Net Profit YoY
798.0%
EPS (diluted)
$0.32
$0.12

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
PNW
PNW
Q4 25
$1.6B
$1.1B
Q3 25
$1.6B
$1.8B
Q2 25
$1.6B
$1.4B
Q1 25
$1.5B
$1.0B
Q4 24
$1.1B
Q3 24
$1.4B
$1.8B
Q2 24
$1.5B
$1.3B
Q1 24
$951.7M
Net Profit
ARDT
ARDT
PNW
PNW
Q4 25
$45.0M
$17.6M
Q3 25
$-23.5M
$417.5M
Q2 25
$73.0M
$196.9M
Q1 25
$41.4M
$-338.0K
Q4 24
$-2.5M
Q3 24
$26.3M
$399.3M
Q2 24
$42.8M
$208.1M
Q1 24
$21.2M
Operating Margin
ARDT
ARDT
PNW
PNW
Q4 25
5.8%
10.7%
Q3 25
-0.1%
32.0%
Q2 25
7.4%
22.6%
Q1 25
5.0%
5.5%
Q4 24
7.7%
Q3 24
3.9%
30.9%
Q2 24
5.6%
24.0%
Q1 24
7.0%
Net Margin
ARDT
ARDT
PNW
PNW
Q4 25
2.8%
1.6%
Q3 25
-1.5%
22.9%
Q2 25
4.4%
14.5%
Q1 25
2.8%
-0.0%
Q4 24
-0.2%
Q3 24
1.8%
22.6%
Q2 24
2.9%
15.9%
Q1 24
2.2%
EPS (diluted)
ARDT
ARDT
PNW
PNW
Q4 25
$0.32
$0.12
Q3 25
$-0.17
$3.39
Q2 25
$0.52
$1.58
Q1 25
$0.29
$-0.04
Q4 24
$-0.04
Q3 24
$0.19
$3.37
Q2 24
$0.34
$1.76
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
PNW
PNW
Cash + ST InvestmentsLiquidity on hand
$709.6M
$6.6M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.3B
$7.0B
Total Assets
$5.3B
$30.0B
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
PNW
PNW
Q4 25
$709.6M
$6.6M
Q3 25
$609.4M
$30.9M
Q2 25
$540.6M
$18.8M
Q1 25
$495.0M
$10.0M
Q4 24
$3.8M
Q3 24
$563.1M
$49.2M
Q2 24
$334.5M
$4.0M
Q1 24
$9.6M
Total Debt
ARDT
ARDT
PNW
PNW
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
Stockholders' Equity
ARDT
ARDT
PNW
PNW
Q4 25
$1.3B
$7.0B
Q3 25
$1.2B
$7.2B
Q2 25
$1.3B
$6.7B
Q1 25
$1.2B
$6.7B
Q4 24
$6.8B
Q3 24
$1.0B
$6.6B
Q2 24
$739.9M
$6.2B
Q1 24
$6.2B
Total Assets
ARDT
ARDT
PNW
PNW
Q4 25
$5.3B
$30.0B
Q3 25
$5.2B
$29.9B
Q2 25
$5.0B
$29.2B
Q1 25
$4.9B
$27.2B
Q4 24
$26.1B
Q3 24
$4.8B
$26.3B
Q2 24
$4.6B
$25.7B
Q1 24
$24.8B
Debt / Equity
ARDT
ARDT
PNW
PNW
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
ARDT
ARDT
PNW
PNW
Operating Cash FlowLast quarter
$223.4M
$476.8M
Free Cash FlowOCF − Capex
$-192.7M
FCF MarginFCF / Revenue
-17.1%
Capex IntensityCapex / Revenue
59.3%
Cash ConversionOCF / Net Profit
4.97×
27.09×
TTM Free Cash FlowTrailing 4 quarters
$-819.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
PNW
PNW
Q4 25
$223.4M
$476.8M
Q3 25
$154.4M
$665.0M
Q2 25
$117.5M
$261.4M
Q1 25
$-24.8M
$401.9M
Q4 24
$439.5M
Q3 24
$89.7M
$633.2M
Q2 24
$189.8M
Q1 24
$347.4M
Free Cash Flow
ARDT
ARDT
PNW
PNW
Q4 25
$-192.7M
Q3 25
$42.0M
Q2 25
$-448.1M
Q1 25
$-220.7M
Q4 24
$-92.1M
Q3 24
$-32.7M
Q2 24
$-344.2M
Q1 24
$-170.4M
FCF Margin
ARDT
ARDT
PNW
PNW
Q4 25
-17.1%
Q3 25
2.3%
Q2 25
-33.0%
Q1 25
-21.4%
Q4 24
-8.4%
Q3 24
-1.8%
Q2 24
-26.3%
Q1 24
-17.9%
Capex Intensity
ARDT
ARDT
PNW
PNW
Q4 25
59.3%
Q3 25
34.2%
Q2 25
52.2%
Q1 25
60.3%
Q4 24
48.5%
Q3 24
37.6%
Q2 24
40.8%
Q1 24
54.4%
Cash Conversion
ARDT
ARDT
PNW
PNW
Q4 25
4.97×
27.09×
Q3 25
1.59×
Q2 25
1.61×
1.33×
Q1 25
-0.60×
Q4 24
Q3 24
3.41×
1.59×
Q2 24
0.91×
Q1 24
16.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

PNW
PNW

Electricand Transmission Service$1.1B100%
Other Services$4.4M0%

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