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Ardent Health Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ardent Health and similar public comparables like U.S. Physical Therapy, Thomson Medical, Netcare, Hermina Hospitals and more.
Ardent Health Overview
About Ardent Health
Ardent Health Inc is a provider of healthcare in growing mid-sized urban communities across the U.S. With a focus on people and investments in services and technologies, Ardent is passionate about making healthcare easier to access.
Founded
2015
HQ
Employees
24.9K
Website
Sectors
Financials (LTM)
EV
$3B
Ardent Health Financials
Ardent Health reported last 12-month revenue of $6B and EBITDA of $535M.
In the same LTM period, Ardent Health generated $535M in EBITDA and $143M in net income.
Revenue (LTM)
Ardent Health P&L
In the most recent fiscal year, Ardent Health reported revenue of $6B and EBITDA of $545M.
Ardent Health expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $535M | XXX | $545M | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 6% | XXX | 6% | XXX | XXX | XXX |
| Net Profit | $143M | XXX | $136M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $390M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ardent Health Stock Performance
Ardent Health has current market cap of $1B, and enterprise value of $3B.
Market Cap Evolution
Ardent Health's stock price is $8.66.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $1B | 0.0% | XXX | XXX | XXX | $0.95 |
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Start Free TrialArdent Health Valuation Multiples
Ardent Health trades at 0.4x EV/Revenue multiple, and 5.3x EV/EBITDA.
EV / Revenue (LTM)
Ardent Health Financial Valuation Multiples
As of April 9, 2026, Ardent Health has market cap of $1B and EV of $3B.
Equity research analysts estimate Ardent Health's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ardent Health has a P/E ratio of 8.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.5x | XXX | XXX | XXX |
| EV/EBITDA | 5.3x | XXX | 5.2x | XXX | XXX | XXX |
| EV/EBIT | 7.8x | XXX | 7.7x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.1x | XXX | XXX | XXX |
| P/E | 8.6x | XXX | 9.1x | XXX | XXX | XXX |
| EV/FCF | 13.5x | XXX | 11.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ardent Health Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Ardent Health Margins & Growth Rates
Ardent Health's revenue in the last 12 month grew by 4%.
Ardent Health's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Ardent Health's rule of 40 is 12% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ardent Health's rule of X is 17% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Ardent Health Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 4% | XXX | XXX | XXX |
| EBITDA Margin | 8% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | (4%) | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 12% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 17% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 23% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ardent Health Public Comps
See public comps and valuation multiples for other Hospitals & Clinics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| U.S. Physical Therapy | XXX | XXX | XXX | XXX | XXX | XXX |
| Thomson Medical | XXX | XXX | XXX | XXX | XXX | XXX |
| Netcare | XXX | XXX | XXX | XXX | XXX | XXX |
| Hermina Hospitals | XXX | XXX | XXX | XXX | XXX | XXX |
| Dr. Sulaiman Al Habib Medical Services | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Ardent Health M&A Activity
Ardent Health acquired XXX companies to date.
Last acquisition by Ardent Health was on XXXXXXXX, XXXXX. Ardent Health acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ardent Health
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialArdent Health Investment Activity
Ardent Health invested in XXX companies to date.
Ardent Health made its latest investment on XXXXXXXX, XXXXX. Ardent Health invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ardent Health
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Ardent Health
| When was Ardent Health founded? | Ardent Health was founded in 2015. |
| Where is Ardent Health headquartered? | Ardent Health is headquartered in United States. |
| How many employees does Ardent Health have? | As of today, Ardent Health has over 24K employees. |
| Who is the CEO of Ardent Health? | Ardent Health's CEO is Martin J. Bonick. |
| Is Ardent Health publicly listed? | Yes, Ardent Health is a public company listed on NYSE. |
| What is the stock symbol of Ardent Health? | Ardent Health trades under ARDT ticker. |
| When did Ardent Health go public? | Ardent Health went public in 2024. |
| Who are competitors of Ardent Health? | Ardent Health main competitors are U.S. Physical Therapy, Thomson Medical, Netcare, Hermina Hospitals. |
| What is the current market cap of Ardent Health? | Ardent Health's current market cap is $1B. |
| What is the current revenue of Ardent Health? | Ardent Health's last 12 months revenue is $6B. |
| What is the current revenue growth of Ardent Health? | Ardent Health revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Ardent Health? | Current revenue multiple of Ardent Health is 0.4x. |
| Is Ardent Health profitable? | Yes, Ardent Health is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ardent Health? | Ardent Health's last 12 months EBITDA is $535M. |
| What is Ardent Health's EBITDA margin? | Ardent Health's last 12 months EBITDA margin is 8%. |
| What is the current EV/EBITDA multiple of Ardent Health? | Current EBITDA multiple of Ardent Health is 5.3x. |
| What is the current FCF of Ardent Health? | Ardent Health's last 12 months FCF is $211M. |
| What is Ardent Health's FCF margin? | Ardent Health's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Ardent Health? | Current FCF multiple of Ardent Health is 13.5x. |
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