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

Wabtec is the larger business by last-quarter revenue ($3.0B vs $1.6B, roughly 1.8× Ardent Health, Inc.). Wabtec runs the higher net margin — 12.3% vs 2.8%, a 9.5% gap on every dollar of revenue.

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

Westinghouse Air Brake Technologies Corporation, commonly known as Wabtec, is an American company formed by the merger of the Westinghouse Air Brake Company (WABCO) and MotivePower in 1999. It is headquartered in Pittsburgh, Pennsylvania.

ARDT vs WAB — Head-to-Head

Bigger by revenue
WAB
WAB
1.8× larger
WAB
$3.0B
$1.6B
ARDT
Higher net margin
WAB
WAB
9.5% more per $
WAB
12.3%
2.8%
ARDT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARDT
ARDT
WAB
WAB
Revenue
$1.6B
$3.0B
Net Profit
$45.0M
$363.0M
Gross Margin
36.0%
Operating Margin
5.8%
17.5%
Net Margin
2.8%
12.3%
Revenue YoY
13.0%
Net Profit YoY
11.0%
EPS (diluted)
$0.32
$2.12

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
WAB
WAB
Q1 26
$3.0B
Q4 25
$1.6B
$3.0B
Q3 25
$1.6B
$2.9B
Q2 25
$1.6B
$2.7B
Q1 25
$1.5B
$2.6B
Q4 24
$2.6B
Q3 24
$1.4B
$2.7B
Q2 24
$1.5B
$2.6B
Net Profit
ARDT
ARDT
WAB
WAB
Q1 26
$363.0M
Q4 25
$45.0M
$202.0M
Q3 25
$-23.5M
$310.0M
Q2 25
$73.0M
$336.0M
Q1 25
$41.4M
$322.0M
Q4 24
$212.0M
Q3 24
$26.3M
$283.0M
Q2 24
$42.8M
$289.0M
Gross Margin
ARDT
ARDT
WAB
WAB
Q1 26
36.0%
Q4 25
32.6%
Q3 25
34.7%
Q2 25
34.7%
Q1 25
34.5%
Q4 24
30.9%
Q3 24
33.0%
Q2 24
33.1%
Operating Margin
ARDT
ARDT
WAB
WAB
Q1 26
17.5%
Q4 25
5.8%
12.0%
Q3 25
-0.1%
17.0%
Q2 25
7.4%
17.4%
Q1 25
5.0%
18.2%
Q4 24
12.9%
Q3 24
3.9%
16.3%
Q2 24
5.6%
16.3%
Net Margin
ARDT
ARDT
WAB
WAB
Q1 26
12.3%
Q4 25
2.8%
6.8%
Q3 25
-1.5%
10.7%
Q2 25
4.4%
12.4%
Q1 25
2.8%
12.3%
Q4 24
8.2%
Q3 24
1.8%
10.6%
Q2 24
2.9%
10.9%
EPS (diluted)
ARDT
ARDT
WAB
WAB
Q1 26
$2.12
Q4 25
$0.32
$1.18
Q3 25
$-0.17
$1.81
Q2 25
$0.52
$1.96
Q1 25
$0.29
$1.88
Q4 24
$1.24
Q3 24
$0.19
$1.63
Q2 24
$0.34
$1.64

Balance Sheet & Financial Strength

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

Metric
ARDT
ARDT
WAB
WAB
Cash + ST InvestmentsLiquidity on hand
$709.6M
Total DebtLower is stronger
$1.1B
$4.7B
Stockholders' EquityBook value
$1.3B
$11.1B
Total Assets
$5.3B
$23.2B
Debt / EquityLower = less leverage
0.84×
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARDT
ARDT
WAB
WAB
Q1 26
Q4 25
$709.6M
Q3 25
$609.4M
Q2 25
$540.6M
Q1 25
$495.0M
Q4 24
Q3 24
$563.1M
Q2 24
$334.5M
Total Debt
ARDT
ARDT
WAB
WAB
Q1 26
$4.7B
Q4 25
$1.1B
$5.5B
Q3 25
$1.1B
$5.3B
Q2 25
$1.1B
$4.8B
Q1 25
$1.1B
$4.0B
Q4 24
$4.0B
Q3 24
$1.1B
$4.0B
Q2 24
$1.1B
$4.0B
Stockholders' Equity
ARDT
ARDT
WAB
WAB
Q1 26
$11.1B
Q4 25
$1.3B
$11.1B
Q3 25
$1.2B
$11.0B
Q2 25
$1.3B
$10.8B
Q1 25
$1.2B
$10.4B
Q4 24
$10.1B
Q3 24
$1.0B
$10.3B
Q2 24
$739.9M
$10.5B
Total Assets
ARDT
ARDT
WAB
WAB
Q1 26
$23.2B
Q4 25
$5.3B
$22.1B
Q3 25
$5.2B
$21.5B
Q2 25
$5.0B
$20.4B
Q1 25
$4.9B
$19.1B
Q4 24
$18.7B
Q3 24
$4.8B
$18.6B
Q2 24
$4.6B
$18.9B
Debt / Equity
ARDT
ARDT
WAB
WAB
Q1 26
0.42×
Q4 25
0.84×
0.50×
Q3 25
0.88×
0.48×
Q2 25
0.87×
0.44×
Q1 25
0.93×
0.39×
Q4 24
0.39×
Q3 24
1.08×
0.39×
Q2 24
1.46×
0.38×

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
WAB
WAB
Operating Cash FlowLast quarter
$223.4M
$199.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.97×
0.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARDT
ARDT
WAB
WAB
Q1 26
$199.0M
Q4 25
$223.4M
$992.0M
Q3 25
$154.4M
$367.0M
Q2 25
$117.5M
$209.0M
Q1 25
$-24.8M
$191.0M
Q4 24
$723.0M
Q3 24
$89.7M
$542.0M
Q2 24
$235.0M
Free Cash Flow
ARDT
ARDT
WAB
WAB
Q1 26
Q4 25
$870.0M
Q3 25
$312.0M
Q2 25
$170.0M
Q1 25
$147.0M
Q4 24
$639.0M
Q3 24
$496.0M
Q2 24
$189.0M
FCF Margin
ARDT
ARDT
WAB
WAB
Q1 26
Q4 25
29.3%
Q3 25
10.8%
Q2 25
6.3%
Q1 25
5.6%
Q4 24
24.7%
Q3 24
18.6%
Q2 24
7.1%
Capex Intensity
ARDT
ARDT
WAB
WAB
Q1 26
Q4 25
4.1%
Q3 25
1.9%
Q2 25
1.4%
Q1 25
1.7%
Q4 24
3.3%
Q3 24
1.7%
Q2 24
1.7%
Cash Conversion
ARDT
ARDT
WAB
WAB
Q1 26
0.55×
Q4 25
4.97×
4.91×
Q3 25
1.18×
Q2 25
1.61×
0.62×
Q1 25
-0.60×
0.59×
Q4 24
3.41×
Q3 24
3.41×
1.92×
Q2 24
0.81×

Financial Flow Comparison

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

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