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

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.3× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 16.5% vs 2.8%, a 13.7% gap on every dollar of revenue.

ARDT vs Q — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.3× larger
ARDT
$1.6B
$1.3B
Q
Higher net margin
Q
Q
13.7% more per $
Q
16.5%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ARDT
ARDT
Q
Q
Revenue
$1.6B
$1.3B
Net Profit
$45.0M
$211.0M
Gross Margin
45.1%
Operating Margin
5.8%
21.3%
Net Margin
2.8%
16.5%
Revenue YoY
11.1%
Net Profit YoY
6.0%
EPS (diluted)
$0.32
$1.01

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
Q
Q
Q4 25
$1.6B
Q3 25
$1.6B
$1.3B
Q2 25
$1.6B
Q1 25
$1.5B
Q3 24
$1.4B
$1.1B
Q2 24
$1.5B
Net Profit
ARDT
ARDT
Q
Q
Q4 25
$45.0M
Q3 25
$-23.5M
$211.0M
Q2 25
$73.0M
Q1 25
$41.4M
Q3 24
$26.3M
$199.0M
Q2 24
$42.8M
Gross Margin
ARDT
ARDT
Q
Q
Q4 25
Q3 25
45.1%
Q2 25
Q1 25
Q3 24
47.0%
Q2 24
Operating Margin
ARDT
ARDT
Q
Q
Q4 25
5.8%
Q3 25
-0.1%
21.3%
Q2 25
7.4%
Q1 25
5.0%
Q3 24
3.9%
21.8%
Q2 24
5.6%
Net Margin
ARDT
ARDT
Q
Q
Q4 25
2.8%
Q3 25
-1.5%
16.5%
Q2 25
4.4%
Q1 25
2.8%
Q3 24
1.8%
17.3%
Q2 24
2.9%
EPS (diluted)
ARDT
ARDT
Q
Q
Q4 25
$0.32
Q3 25
$-0.17
$1.01
Q2 25
$0.52
Q1 25
$0.29
Q3 24
$0.19
$0.95
Q2 24
$0.34

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
Q
Q
Cash + ST InvestmentsLiquidity on hand
$709.6M
$128.0M
Total DebtLower is stronger
$1.1B
$1.7B
Stockholders' EquityBook value
$1.3B
$9.1B
Total Assets
$5.3B
$12.5B
Debt / EquityLower = less leverage
0.84×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
Q
Q
Q4 25
$709.6M
Q3 25
$609.4M
$128.0M
Q2 25
$540.6M
Q1 25
$495.0M
Q3 24
$563.1M
Q2 24
$334.5M
Total Debt
ARDT
ARDT
Q
Q
Q4 25
$1.1B
Q3 25
$1.1B
$1.7B
Q2 25
$1.1B
Q1 25
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Stockholders' Equity
ARDT
ARDT
Q
Q
Q4 25
$1.3B
Q3 25
$1.2B
$9.1B
Q2 25
$1.3B
Q1 25
$1.2B
Q3 24
$1.0B
$11.1B
Q2 24
$739.9M
Total Assets
ARDT
ARDT
Q
Q
Q4 25
$5.3B
Q3 25
$5.2B
$12.5B
Q2 25
$5.0B
Q1 25
$4.9B
Q3 24
$4.8B
Q2 24
$4.6B
Debt / Equity
ARDT
ARDT
Q
Q
Q4 25
0.84×
Q3 25
0.88×
0.19×
Q2 25
0.87×
Q1 25
0.93×
Q3 24
1.08×
Q2 24
1.46×

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
Q
Q
Operating Cash FlowLast quarter
$223.4M
$782.0M
Free Cash FlowOCF − Capex
$568.0M
FCF MarginFCF / Revenue
44.5%
Capex IntensityCapex / Revenue
16.8%
Cash ConversionOCF / Net Profit
4.97×
3.71×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
Q
Q
Q4 25
$223.4M
Q3 25
$154.4M
$782.0M
Q2 25
$117.5M
Q1 25
$-24.8M
Q3 24
$89.7M
Q2 24
Free Cash Flow
ARDT
ARDT
Q
Q
Q4 25
Q3 25
$568.0M
Q2 25
Q1 25
Q3 24
Q2 24
FCF Margin
ARDT
ARDT
Q
Q
Q4 25
Q3 25
44.5%
Q2 25
Q1 25
Q3 24
Q2 24
Capex Intensity
ARDT
ARDT
Q
Q
Q4 25
Q3 25
16.8%
Q2 25
Q1 25
Q3 24
Q2 24
Cash Conversion
ARDT
ARDT
Q
Q
Q4 25
4.97×
Q3 25
3.71×
Q2 25
1.61×
Q1 25
-0.60×
Q3 24
3.41×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

Q
Q

Semiconductor Technologies$693.0M54%
Interconnect Solutions$583.0M46%

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