Ardent Health Partners, LLC

ARDTNYSEHealthcare● Active

$8.83

+$0.15(+1.73%)

Market Cap$1.3B

P/E Ratio—

52W High$15.48

52W Low$7.71

Avg Volume419K

Open$8.60

Beta0.84

Free Cash Flow Financials Revenue

Ardent Health Partners, LLC (ARDT) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ARDT · free cash flow · updated Jun 8, 2026

Core FCF metrics

ARDT · FCF · TTM · margin & CAGR

Free cash flow was $258.6M for FY2025 (fiscal year ending 2025-12-31), up 102.8% year-over-year The FCF margin was 4.1%.

FY2025 Free Cash Flow$258.6M▲ +102.8% YoY

Trailing 12M (TTM)$213.8Mtrailing 4 quarters sum

FCF Margin4.1%$258.6M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ARDT · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$470.5M(212M)$258.6M▲ +102.8%4.1%

FY2024$315.0M(188M)$127.5M▲ +51.3%2.1%

FY2023$221.7M(137M)$84.3M▲ +144.5%1.6%

FY2022−$38.4M(151M)−$189.5M▼ 2496.5%-3.7%

FY2021$146.9M(139M)$7.9M▲ +838.2%0.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ARDT · P/FCF · FCF yield · FCF per share

Ardent Health Partners, LLC (ARDT) trades at a FCF yield of 18.11% and a price-to-free-cash-flow ratio of 5.8x. FCF per share stands at $1.52, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

18.11%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.52

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x8.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ARDT · cash flow statement · operating / investing / financing

For FY2025, Ardent Health Partners, LLC generated $470.5M in operating cash flow and spent 212M in capital expenditures, yielding $258.6M in free cash flow.

Operating Activities

+$470.5M

Cash from core business operations

2025-12-31

Investing Activities

−$214.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$103.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($470.5M) − |CapEx| (212M) = FCF ($258.6M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

ARDT vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Ardent Health Partners, LLCYOU

ARDT

$258.6M+102.8%4.1%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Ardent Health Partners, LLC (ARDT) reported free cash flow of $258.6M for FY2025 (fiscal year ending 2025-12-31), up 102.8% year-over-year. The FCF margin was 4.1%.

Based on available data, Ardent Health Partners, LLC has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $258.6M in FY2025.

Ardent Health Partners, LLC's FCF yield is 18.11% and price-to-FCF ratio is 5.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ARDT free cash flow · 8 questions

Ardent Health Partners, LLC free cash flow was $258.6M for FY2025, up 102.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $213.8M.

ARDT free cash flowARDT FCFARDT FCF 2025ARDT free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Ardent Health Partners, LLC · Ardent Health Partners, LLC SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026