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Side-by-side financial comparison of Ardent Health, Inc. (ARDT) and Frontier Group Holdings, Inc. (ULCC). Click either name above to swap in a different company.
Ardent Health, Inc. is the larger business by last-quarter revenue ($1.6B vs $997.0M, roughly 1.6× Frontier Group Holdings, Inc.). Frontier Group Holdings, Inc. runs the higher net margin — 5.3% vs 2.8%, a 2.5% gap on every dollar of revenue.
Goodlife Health Clubs is a chain of health clubs, with more than 80 locations in Australia.
Frontier Communications Parent, Inc. is an American telecommunications company with a fiber-optic network and cloud-based services owned by Verizon. It was previously known as Citizens Utilities Co., Citizens Communications Co., and Frontier Communications Corp.
ARDT vs ULCC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $997.0M |
| Net Profit | $45.0M | $53.0M |
| Gross Margin | — | — |
| Operating Margin | 5.8% | 4.9% |
| Net Margin | 2.8% | 5.3% |
| Revenue YoY | — | -0.5% |
| Net Profit YoY | — | -1.9% |
| EPS (diluted) | $0.32 | $0.24 |
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.
| Q4 25 | $1.6B | $997.0M | ||
| Q3 25 | $1.6B | $886.0M | ||
| Q2 25 | $1.6B | $929.0M | ||
| Q1 25 | $1.5B | $912.0M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $1.4B | $935.0M | ||
| Q2 24 | $1.5B | $973.0M | ||
| Q1 24 | — | $865.0M |
| Q4 25 | $45.0M | $53.0M | ||
| Q3 25 | $-23.5M | $-77.0M | ||
| Q2 25 | $73.0M | $-70.0M | ||
| Q1 25 | $41.4M | $-43.0M | ||
| Q4 24 | — | $54.0M | ||
| Q3 24 | $26.3M | $26.0M | ||
| Q2 24 | $42.8M | $31.0M | ||
| Q1 24 | — | $-26.0M |
| Q4 25 | 5.8% | 4.9% | ||
| Q3 25 | -0.1% | -8.7% | ||
| Q2 25 | 7.4% | -8.1% | ||
| Q1 25 | 5.0% | -5.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 3.9% | 2.0% | ||
| Q2 24 | 5.6% | 2.6% | ||
| Q1 24 | — | -3.6% |
| Q4 25 | 2.8% | 5.3% | ||
| Q3 25 | -1.5% | -8.7% | ||
| Q2 25 | 4.4% | -7.5% | ||
| Q1 25 | 2.8% | -4.7% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 1.8% | 2.8% | ||
| Q2 24 | 2.9% | 3.2% | ||
| Q1 24 | — | -3.0% |
| Q4 25 | $0.32 | $0.24 | ||
| Q3 25 | $-0.17 | $-0.34 | ||
| Q2 25 | $0.52 | $-0.31 | ||
| Q1 25 | $0.29 | $-0.19 | ||
| Q4 24 | — | $0.24 | ||
| Q3 24 | $0.19 | $0.11 | ||
| Q2 24 | $0.34 | $0.14 | ||
| Q1 24 | — | $-0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $709.6M | $671.0M |
| Total DebtLower is stronger | $1.1B | $620.0M |
| Stockholders' EquityBook value | $1.3B | $491.0M |
| Total Assets | $5.3B | $7.2B |
| Debt / EquityLower = less leverage | 0.84× | 1.26× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $709.6M | $671.0M | ||
| Q3 25 | $609.4M | $566.0M | ||
| Q2 25 | $540.6M | $563.0M | ||
| Q1 25 | $495.0M | $686.0M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | $563.1M | $576.0M | ||
| Q2 24 | $334.5M | $658.0M | ||
| Q1 24 | — | $622.0M |
| Q4 25 | $1.1B | $620.0M | ||
| Q3 25 | $1.1B | $673.0M | ||
| Q2 25 | $1.1B | $565.0M | ||
| Q1 25 | $1.1B | $512.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | $1.1B | $474.0M | ||
| Q2 24 | $1.1B | $455.0M | ||
| Q1 24 | — | $469.0M |
| Q4 25 | $1.3B | $491.0M | ||
| Q3 25 | $1.2B | $434.0M | ||
| Q2 25 | $1.3B | $506.0M | ||
| Q1 25 | $1.2B | $570.0M | ||
| Q4 24 | — | $604.0M | ||
| Q3 24 | $1.0B | $549.0M | ||
| Q2 24 | $739.9M | $520.0M | ||
| Q1 24 | — | $484.0M |
| Q4 25 | $5.3B | $7.2B | ||
| Q3 25 | $5.2B | $6.7B | ||
| Q2 25 | $5.0B | $6.5B | ||
| Q1 25 | $4.9B | $6.5B | ||
| Q4 24 | — | $6.2B | ||
| Q3 24 | $4.8B | $5.8B | ||
| Q2 24 | $4.6B | $5.7B | ||
| Q1 24 | — | $5.2B |
| Q4 25 | 0.84× | 1.26× | ||
| Q3 25 | 0.88× | 1.55× | ||
| Q2 25 | 0.87× | 1.12× | ||
| Q1 25 | 0.93× | 0.90× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | 1.08× | 0.86× | ||
| Q2 24 | 1.46× | 0.88× | ||
| Q1 24 | — | 0.97× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $223.4M | $-91.0M |
| Free Cash FlowOCF − Capex | — | $-113.0M |
| FCF MarginFCF / Revenue | — | -11.3% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 4.97× | -1.72× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-600.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $223.4M | $-91.0M | ||
| Q3 25 | $154.4M | $-215.0M | ||
| Q2 25 | $117.5M | $-133.0M | ||
| Q1 25 | $-24.8M | $-86.0M | ||
| Q4 24 | — | $87.0M | ||
| Q3 24 | $89.7M | $-156.0M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | $-22.0M |
| Q4 25 | — | $-113.0M | ||
| Q3 25 | — | $-217.0M | ||
| Q2 25 | — | $-166.0M | ||
| Q1 25 | — | $-104.0M | ||
| Q4 24 | — | $73.0M | ||
| Q3 24 | — | $-170.0M | ||
| Q2 24 | — | $-22.0M | ||
| Q1 24 | — | $-39.0M |
| Q4 25 | — | -11.3% | ||
| Q3 25 | — | -24.5% | ||
| Q2 25 | — | -17.9% | ||
| Q1 25 | — | -11.4% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | -18.2% | ||
| Q2 24 | — | -2.3% | ||
| Q1 24 | — | -4.5% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 3.2% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | 4.97× | -1.72× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | -0.60× | — | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | 3.41× | -6.00× | ||
| Q2 24 | — | 0.29× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARDT
Segment breakdown not available.
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
