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

Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.5× Transocean Ltd.). Ardent Health, Inc. runs the higher net margin — 2.8% vs 2.4%, a 0.4% gap on every dollar of revenue.

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

Transocean Ltd. is an American drilling company. It is the world's largest offshore drilling contractor based on revenue and is based in Steinhausen, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.

ARDT vs RIG — Head-to-Head

Bigger by revenue
ARDT
ARDT
1.5× larger
ARDT
$1.6B
$1.0B
RIG
Higher net margin
ARDT
ARDT
0.4% more per $
ARDT
2.8%
2.4%
RIG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARDT
ARDT
RIG
RIG
Revenue
$1.6B
$1.0B
Net Profit
$45.0M
$25.0M
Gross Margin
42.0%
Operating Margin
5.8%
23.0%
Net Margin
2.8%
2.4%
Revenue YoY
9.6%
Net Profit YoY
257.1%
EPS (diluted)
$0.32
$0.13

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
RIG
RIG
Q4 25
$1.6B
$1.0B
Q3 25
$1.6B
$1.0B
Q2 25
$1.6B
$988.0M
Q1 25
$1.5B
$906.0M
Q4 24
$952.0M
Q3 24
$1.4B
$948.0M
Q2 24
$1.5B
$861.0M
Q1 24
$763.0M
Net Profit
ARDT
ARDT
RIG
RIG
Q4 25
$45.0M
$25.0M
Q3 25
$-23.5M
$-1.9B
Q2 25
$73.0M
$-938.0M
Q1 25
$41.4M
$-79.0M
Q4 24
$7.0M
Q3 24
$26.3M
$-494.0M
Q2 24
$42.8M
$-123.0M
Q1 24
$98.0M
Gross Margin
ARDT
ARDT
RIG
RIG
Q4 25
42.0%
Q3 25
43.2%
Q2 25
39.4%
Q1 25
31.8%
Q4 24
39.2%
Q3 24
40.6%
Q2 24
38.0%
Q1 24
31.5%
Operating Margin
ARDT
ARDT
RIG
RIG
Q4 25
5.8%
23.0%
Q3 25
-0.1%
-163.1%
Q2 25
7.4%
-97.6%
Q1 25
5.0%
7.1%
Q4 24
13.7%
Q3 24
3.9%
-51.2%
Q2 24
5.6%
-6.9%
Q1 24
-0.4%
Net Margin
ARDT
ARDT
RIG
RIG
Q4 25
2.8%
2.4%
Q3 25
-1.5%
-187.1%
Q2 25
4.4%
-94.9%
Q1 25
2.8%
-8.7%
Q4 24
0.7%
Q3 24
1.8%
-52.1%
Q2 24
2.9%
-14.3%
Q1 24
12.8%
EPS (diluted)
ARDT
ARDT
RIG
RIG
Q4 25
$0.32
$0.13
Q3 25
$-0.17
$-2.00
Q2 25
$0.52
$-1.06
Q1 25
$0.29
$-0.11
Q4 24
$-0.14
Q3 24
$0.19
$-0.58
Q2 24
$0.34
$-0.15
Q1 24
$0.11

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
RIG
RIG
Cash + ST InvestmentsLiquidity on hand
$709.6M
$620.0M
Total DebtLower is stronger
$1.1B
$5.2B
Stockholders' EquityBook value
$1.3B
$8.1B
Total Assets
$5.3B
$15.6B
Debt / EquityLower = less leverage
0.84×
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
RIG
RIG
Q4 25
$709.6M
$620.0M
Q3 25
$609.4M
$833.0M
Q2 25
$540.6M
$377.0M
Q1 25
$495.0M
$263.0M
Q4 24
$560.0M
Q3 24
$563.1M
$435.0M
Q2 24
$334.5M
$475.0M
Q1 24
$446.0M
Total Debt
ARDT
ARDT
RIG
RIG
Q4 25
$1.1B
$5.2B
Q3 25
$1.1B
$4.8B
Q2 25
$1.1B
$5.9B
Q1 25
$1.1B
$5.9B
Q4 24
$6.2B
Q3 24
$1.1B
$6.5B
Q2 24
$1.1B
$6.8B
Q1 24
$6.8B
Stockholders' Equity
ARDT
ARDT
RIG
RIG
Q4 25
$1.3B
$8.1B
Q3 25
$1.2B
$8.1B
Q2 25
$1.3B
$9.4B
Q1 25
$1.2B
$10.2B
Q4 24
$10.3B
Q3 24
$1.0B
$10.2B
Q2 24
$739.9M
$10.7B
Q1 24
$10.5B
Total Assets
ARDT
ARDT
RIG
RIG
Q4 25
$5.3B
$15.6B
Q3 25
$5.2B
$16.2B
Q2 25
$5.0B
$17.8B
Q1 25
$4.9B
$19.0B
Q4 24
$19.4B
Q3 24
$4.8B
$19.5B
Q2 24
$4.6B
$20.3B
Q1 24
$19.9B
Debt / Equity
ARDT
ARDT
RIG
RIG
Q4 25
0.84×
0.64×
Q3 25
0.88×
0.60×
Q2 25
0.87×
0.63×
Q1 25
0.93×
0.58×
Q4 24
0.60×
Q3 24
1.08×
0.64×
Q2 24
1.46×
0.63×
Q1 24
0.65×

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
RIG
RIG
Operating Cash FlowLast quarter
$223.4M
$349.0M
Free Cash FlowOCF − Capex
$321.0M
FCF MarginFCF / Revenue
30.8%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
4.97×
13.96×
TTM Free Cash FlowTrailing 4 quarters
$626.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
RIG
RIG
Q4 25
$223.4M
$349.0M
Q3 25
$154.4M
$246.0M
Q2 25
$117.5M
$128.0M
Q1 25
$-24.8M
$26.0M
Q4 24
$206.0M
Q3 24
$89.7M
$194.0M
Q2 24
$133.0M
Q1 24
$-86.0M
Free Cash Flow
ARDT
ARDT
RIG
RIG
Q4 25
$321.0M
Q3 25
$235.0M
Q2 25
$104.0M
Q1 25
$-34.0M
Q4 24
$177.0M
Q3 24
$136.0M
Q2 24
$49.0M
Q1 24
$-169.0M
FCF Margin
ARDT
ARDT
RIG
RIG
Q4 25
30.8%
Q3 25
22.9%
Q2 25
10.5%
Q1 25
-3.8%
Q4 24
18.6%
Q3 24
14.3%
Q2 24
5.7%
Q1 24
-22.1%
Capex Intensity
ARDT
ARDT
RIG
RIG
Q4 25
2.7%
Q3 25
1.1%
Q2 25
2.4%
Q1 25
6.6%
Q4 24
3.0%
Q3 24
6.1%
Q2 24
9.8%
Q1 24
10.9%
Cash Conversion
ARDT
ARDT
RIG
RIG
Q4 25
4.97×
13.96×
Q3 25
Q2 25
1.61×
Q1 25
-0.60×
Q4 24
29.43×
Q3 24
3.41×
Q2 24
Q1 24
-0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARDT
ARDT

Segment breakdown not available.

RIG
RIG

Ultra Deepwater Floaters$433.0M42%
BR$236.0M23%
Other Geographical$211.0M20%
Harsh Environment Floaters$163.0M16%

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