Invesaro

Stocks Comparison

Ardent Health vs Tenet Healthcare: revenue, profit, margins and growth compared

Ardent Health brought in $6.3B of revenue in fiscal 2025, Tenet Healthcare $21.3B in fiscal 2025. Revenue changed by +6.0% at Ardent Health and +3.1% at Tenet Healthcare on the year before, so Ardent Health grew faster. Ardent Health kept 2.1% of its revenue as net profit, Tenet Healthcare 6.6%.

Side by side, latest fiscal year

ARDTTHC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.3B$21.3B
Revenue growth+6.0%+3.1%
Net income$135.8M$1.4B
Net margin2.1%6.6%
Free cash flown/a$2.5B
Free cash flow marginn/a11.9%
Earnings per share (diluted)$0.96$15.49
Cash$709.6M$2.9B
Debt$1.1B$13.2B
Price to earnings11.016.8
Market value$1.5B$20.9B
Dividend yieldn/an/a
Rank by revenue in sector#52 of 523 · Health care#28 of 523 · Health care

Over the years

Revenue
ARDT FY2022: $5.1BARDT FY2024: $5.4BARDT FY2024: $6BARDT FY2025: $6.3BTHC FY2018: $18.3BTHC FY2019: $18.5BTHC FY2020: $17.6BTHC FY2021: $19.5BTHC FY2022: $19.2BTHC FY2023: $20.6BTHC FY2024: $20.7BTHC FY2025: $21.3BFY18FY19FY20FY21FY22FY23FY24FY25
ARDT $6.3BTHC $21.3B
Net income
ARDT FY2022: $188.9MARDT FY2024: $53.9MARDT FY2024: $210.3MARDT FY2025: $135.8MTHC FY2018: $104MTHC FY2019: -$215MTHC FY2020: $399MTHC FY2021: $914MTHC FY2022: $411MTHC FY2023: $611MTHC FY2024: $3.2BTHC FY2025: $1.4BFY18FY19FY20FY21FY22FY23FY24FY25
ARDT $135.8MTHC $1.4B
Net margin
ARDT FY2022: 3.7%ARDT FY2024: 1.0%ARDT FY2024: 3.5%ARDT FY2025: 2.1%THC FY2018: 0.6%THC FY2019: -1.2%THC FY2020: 2.3%THC FY2021: 4.7%THC FY2022: 2.1%THC FY2023: 3.0%THC FY2024: 15.5%THC FY2025: 6.6%FY18FY19FY20FY21FY22FY23FY24FY25
ARDT 2.1%THC 6.6%
Revenue growth
ARDT FY2024: +5.5%ARDT FY2024: +10.3%ARDT FY2025: +6.0%THC FY2019: +0.9%THC FY2020: -4.5%THC FY2021: +10.5%THC FY2022: -1.6%THC FY2023: +7.2%THC FY2024: +0.5%THC FY2025: +3.1%FY19FY20FY21FY22FY23FY24FY25
ARDT +6.0%THC +3.1%
Free cash flow
THC FY2018: $432MTHC FY2019: $563MTHC FY2020: $2.9BTHC FY2021: $910MTHC FY2022: $321MTHC FY2023: $1.6BTHC FY2024: $1.1BTHC FY2025: $2.5BFY18FY19FY20FY21FY22FY23FY24FY25
ARDTTHC $2.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Ardent Health and Tenet Healthcare

Which is bigger by revenue, Ardent Health or Tenet Healthcare?

Tenet Healthcare is bigger by revenue: $21.3B in fiscal 2025, against $6.3B for Ardent Health in fiscal 2025.

Which keeps more of its revenue as profit, Ardent Health or Tenet Healthcare?

Ardent Health had a net margin of 2.1% in fiscal 2025; Tenet Healthcare had 6.6% in fiscal 2025.

Which grew revenue faster, Ardent Health or Tenet Healthcare?

In their latest fiscal years revenue changed by +6.0% at Ardent Health and +3.1% at Tenet Healthcare.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies