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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and Pure Storage, Inc. (PSTG). Click either name above to swap in a different company.

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $964.5M, roughly 1.7× Pure Storage, Inc.). Pure Storage, Inc. runs the higher net margin — 5.7% vs 2.8%, a 2.9% gap on every dollar of revenue.

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

Pure Storage, Inc. is an American publicly traded technology company headquartered in Santa Clara, California, United States. It develops all-flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its products in stealth mode until 2011. Afterwards, the company grew in revenues by about 50% per quarter and raised more than $470 million in venture capital funding, before going public in 2015. Initially, Pure Storage developed the software for storage ...

ARDT vs PSTG — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.7× larger
ARDT
$1.6B
$964.5M
PSTG
Higher net margin
PSTG
PSTG
2.9% more per $
PSTG
5.7%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ARDT
ARDT
PSTG
PSTG
Revenue
$1.6B
$964.5M
Net Profit
$45.0M
$54.8M
Gross Margin
72.3%
Operating Margin
5.8%
5.6%
Net Margin
2.8%
5.7%
Revenue YoY
16.0%
Net Profit YoY
-13.9%
EPS (diluted)
$0.32
$0.16

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
PSTG
PSTG
Q4 25
$1.6B
$964.5M
Q3 25
$1.6B
$861.0M
Q2 25
$1.6B
$778.5M
Q1 25
$1.5B
$879.8M
Q4 24
$831.1M
Q3 24
$1.4B
$763.8M
Q2 24
$1.5B
$693.5M
Q1 24
$789.8M
Net Profit
ARDT
ARDT
PSTG
PSTG
Q4 25
$45.0M
$54.8M
Q3 25
$-23.5M
$47.1M
Q2 25
$73.0M
$-14.0M
Q1 25
$41.4M
$42.4M
Q4 24
$63.6M
Q3 24
$26.3M
$35.7M
Q2 24
$42.8M
$-35.0M
Q1 24
$65.4M
Gross Margin
ARDT
ARDT
PSTG
PSTG
Q4 25
72.3%
Q3 25
70.2%
Q2 25
68.9%
Q1 25
67.5%
Q4 24
70.1%
Q3 24
70.7%
Q2 24
71.5%
Q1 24
72.0%
Operating Margin
ARDT
ARDT
PSTG
PSTG
Q4 25
5.8%
5.6%
Q3 25
-0.1%
0.6%
Q2 25
7.4%
-4.0%
Q1 25
5.0%
4.8%
Q4 24
7.2%
Q3 24
3.9%
3.3%
Q2 24
5.6%
-6.0%
Q1 24
7.3%
Net Margin
ARDT
ARDT
PSTG
PSTG
Q4 25
2.8%
5.7%
Q3 25
-1.5%
5.5%
Q2 25
4.4%
-1.8%
Q1 25
2.8%
4.8%
Q4 24
7.7%
Q3 24
1.8%
4.7%
Q2 24
2.9%
-5.0%
Q1 24
8.3%
EPS (diluted)
ARDT
ARDT
PSTG
PSTG
Q4 25
$0.32
$0.16
Q3 25
$-0.17
$0.14
Q2 25
$0.52
$-0.04
Q1 25
$0.29
$0.13
Q4 24
$0.19
Q3 24
$0.19
$0.10
Q2 24
$0.34
$-0.11
Q1 24
$0.22

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
PSTG
PSTG
Cash + ST InvestmentsLiquidity on hand
$709.6M
$852.8M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$1.3B
$1.4B
Total Assets
$5.3B
$4.2B
Debt / EquityLower = less leverage
0.84×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
PSTG
PSTG
Q4 25
$709.6M
$852.8M
Q3 25
$609.4M
$887.8M
Q2 25
$540.6M
$739.3M
Q1 25
$495.0M
$723.6M
Q4 24
$894.6M
Q3 24
$563.1M
$965.0M
Q2 24
$334.5M
$900.6M
Q1 24
$702.5M
Total Debt
ARDT
ARDT
PSTG
PSTG
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
PSTG
PSTG
Q4 25
$1.3B
$1.4B
Q3 25
$1.2B
$1.3B
Q2 25
$1.3B
$1.2B
Q1 25
$1.2B
$1.3B
Q4 24
$1.4B
Q3 24
$1.0B
$1.5B
Q2 24
$739.9M
$1.4B
Q1 24
$1.3B
Total Assets
ARDT
ARDT
PSTG
PSTG
Q4 25
$5.3B
$4.2B
Q3 25
$5.2B
$4.0B
Q2 25
$5.0B
$3.8B
Q1 25
$4.9B
$4.0B
Q4 24
$3.9B
Q3 24
$4.8B
$3.8B
Q2 24
$4.6B
$3.6B
Q1 24
$3.7B
Debt / Equity
ARDT
ARDT
PSTG
PSTG
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
PSTG
PSTG
Operating Cash FlowLast quarter
$223.4M
$116.0M
Free Cash FlowOCF − Capex
$52.6M
FCF MarginFCF / Revenue
5.5%
Capex IntensityCapex / Revenue
6.6%
Cash ConversionOCF / Net Profit
4.97×
2.12×
TTM Free Cash FlowTrailing 4 quarters
$566.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
PSTG
PSTG
Q4 25
$223.4M
$116.0M
Q3 25
$154.4M
$212.2M
Q2 25
$117.5M
$283.9M
Q1 25
$-24.8M
$208.5M
Q4 24
$97.0M
Q3 24
$89.7M
$226.6M
Q2 24
$221.5M
Q1 24
$244.4M
Free Cash Flow
ARDT
ARDT
PSTG
PSTG
Q4 25
$52.6M
Q3 25
$150.1M
Q2 25
$211.6M
Q1 25
$152.4M
Q4 24
$35.2M
Q3 24
$166.6M
Q2 24
$172.7M
Q1 24
$200.9M
FCF Margin
ARDT
ARDT
PSTG
PSTG
Q4 25
5.5%
Q3 25
17.4%
Q2 25
27.2%
Q1 25
17.3%
Q4 24
4.2%
Q3 24
21.8%
Q2 24
24.9%
Q1 24
25.4%
Capex Intensity
ARDT
ARDT
PSTG
PSTG
Q4 25
6.6%
Q3 25
7.2%
Q2 25
9.3%
Q1 25
6.4%
Q4 24
7.4%
Q3 24
7.9%
Q2 24
7.0%
Q1 24
5.5%
Cash Conversion
ARDT
ARDT
PSTG
PSTG
Q4 25
4.97×
2.12×
Q3 25
4.50×
Q2 25
1.61×
Q1 25
-0.60×
4.91×
Q4 24
1.52×
Q3 24
3.41×
6.35×
Q2 24
Q1 24
3.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

PSTG
PSTG

US$683.2M71%
Non Us$281.3M29%

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