Ardent Health vs Encompass Health
Ardent Health and Encompass Health are similar in size: $6.32bn and $5.94bn of revenue in their latest fiscal years. Encompass Health grew faster (10.5% against 6.0%). Encompass Health kept more of each dollar of sales as profit: a net margin of 9.5% against 2.1%. Ardent Health carries less debt relative to equity (86.6% against 102.2%).
| Latest fiscal year | Ardent HealthARDT, 2025 | Encompass HealthEHC, 2025 |
|---|---|---|
| Revenue | $6.32bn | $5.94bn |
| Revenue growth | 6.0% | 10.5% |
| Net income | $136m | $566m |
| Operating margin | — | — |
| Net margin | 2.1% | 9.5% |
| Return on equity | 11.2% | 25.1% |
| Free cash flow | — | $439m |
| Cash | $710m | $72.2m |
| Total debt | $1.12bn | $2.49bn |
| Debt to equity | 86.6% | 102.2% |
| Dividend per share | — | $0.72 |
| Dividend yield | — | 0.6% |
| Share buybacks | — | $158m |
| Employees | 25,200 | — |
| Market value | $1.66bn | $13.56bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | — | 63 (Moderate) |
| Insider trades, 12 months | 2 buys, 0 sales | 0 buys, 18 sales |