Saturday 17 October 2026
Export AMN’s income statement to Excel — free account
AMN Healthcare Services Inc
AMN Healthcare Medical Care Facilities
AMN Healthcare Services Inc’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, down 8.49% from fiscal 2024. In the quarter to June 2026, revenue grew 2.29%, EPS grew 117.9%, free cash flow fell 389.4% and total debt fell 18.9%, each against the same quarter a year earlier.
40.49
0.49
+1.23%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 21.24 | 33.61 | 47.05 | 45.04 | 36.65 | 67.40 | 82.76 | 57.80 | 22.47 | 14.87 |
Analyst estimates 2026–2028 Powerpack |
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| High | 44.99 | 51.75 | 68.20 | 65.81 | 89.22 | 129.12 | 129.04 | 113.85 | 80.22 | 30.49 | |||||
| People | |||||||||||||||
| People | Employees | 2,990 | 2,980 | 2,920 | 3,236 | 3,000 | 3,800 | 4,230 | 3,585 | 2,968 | 2,664 | ||||
| Revenue/emp, $m | 0.64 | 0.67 | 0.73 | 0.69 | 0.80 | 1.05 | 1.24 | 1.06 | 1.01 | 1.02 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 1,902 | 1,988 | 2,136 | 2,222 | 2,394 | 3,984 | 5,243 | 3,789 | 2,984 | 2,730 | ||||
| Gross margin, % | 32.58 | 32.41 | 32.60 | 33.46 | 33.08 | 32.87 | 32.74 | 32.98 | 30.81 | 28.35 | |||||
| EBT | 176 | 193 | 187 | 148 | 92 | 444 | 607 | 284 | (173) | (101) | |||||
| EBT margin, % | 9.26 | 9.69 | 8.74 | 6.68 | 3.82 | 11.14 | 11.57 | 7.50 | (5.78) | (3.70) | |||||
| Net income | 106 | 133 | 142 | 114 | 71 | 327 | 444 | 211 | (147) | (96) | |||||
| Depreciation | 30 | 32 | 41 | 58 | 94 | 104 | 137 | 161 | 396 | 266 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 39.67 | 41.59 | 45.09 | 47.58 | 50.47 | 83.55 | 117.59 | 96.73 | 78.13 | 70.88 | ||||
| Earnings | 2.21 | 2.77 | 2.99 | 2.44 | 1.49 | 6.87 | 9.96 | 5.38 | (3.85) | (2.48) | |||||
| Cash flow | 2.79 | 3.36 | 4.79 | 4.81 | 5.42 | 6.40 | 14.66 | 9.50 | 8.39 | 7.00 | |||||
| Capex | (0.46) | (0.55) | (0.77) | (0.78) | (0.82) | (1.13) | (1.81) | (2.69) | (2.12) | (0.92) | |||||
| Free cash flow | 2.34 | 2.80 | 4.02 | 4.03 | 4.59 | 5.28 | 12.85 | 6.81 | 6.27 | 6.07 | |||||
| Book value | 9.37 | 11.77 | 13.49 | 15.77 | 17.28 | 24.37 | 23.40 | 21.22 | 18.50 | 16.67 | |||||
| Shares, m | 48 | 48 | 47 | 47 | 47 | 48 | 45 | 39 | 38 | 39 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 17.74 | 17.91 | 18.95 | 25.54 | 45.81 | 17.83 | 10.72 | 14.58 | 0.00 | 0.00 | ||||
| P/S | 0.99 | 1.19 | 1.26 | 1.31 | 1.35 | 1.46 | 0.90 | 0.80 | 0.31 | 0.22 | |||||
| P/B | 4.18 | 4.22 | 4.20 | 3.95 | 3.95 | 5.02 | 4.53 | 3.65 | 1.29 | 0.95 | |||||
| EV/Sales | 1.17 | 1.35 | 1.46 | 1.55 | 1.70 | 1.63 | 1.05 | 1.14 | 0.66 | 0.49 | |||||
| EV/FCF | 19.90 | 19.97 | 16.22 | 18.28 | 18.67 | 25.80 | 9.61 | 16.39 | 8.38 | 5.77 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 134 | 161 | 227 | 225 | 257 | 305 | 654 | 372 | 320 | 269 | ||||
| Capex | (22) | (27) | (36) | (36) | (39) | (54) | (81) | (105) | (81) | (36) | |||||
| Free cash flow | 112 | 134 | 191 | 188 | 218 | 252 | 573 | 267 | 240 | 234 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 176 | 209 | 175 | 182 | 111 | 380 | 236 | 186 | 49 | (32) | ||||
| Total debt | 359 | 320 | 441 | 617 | 858 | 842 | 844 | 1,305 | 1,056 | 767 | |||||
| Net debt | 349 | 305 | 427 | 534 | 829 | 661 | 779 | 1,272 | 1,045 | 733 | |||||
| Shareholders’ equity | 449 | 563 | 639 | 737 | 820 | 1,162 | 1,044 | 831 | 707 | 642 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 10.24 | 10.86 | 10.32 | 6.66 | 3.30 | 11.94 | 14.75 | 7.25 | (5.50) | (4.24) | ||||
| ROIC | 15.01 | 15.31 | 11.89 | 8.70 | 5.66 | 16.38 | 22.19 | 10.06 | (3.66) | (2.52) | |||||
| ROE | 26.55 | 26.20 | 23.59 | 16.57 | 9.08 | 33.04 | 40.26 | 22.47 | (19.11) | (14.19) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
AMN Healthcare Services Inc vs peers in Medical Care Facilities (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ARDT Ardent Health, Inc. | $1.7B | 21.7× | 7.7× | −1.40% (below 0%: shrinking) | −76.92% (below 0%: shrinking) | +121.70% (above 0%: growing) | 100.00% | 3.44% | Compare |
| SNDA Sonida Senior Living, Inc. | $1.7B | — (loss-making) | — (loss-making) | +122.02% (above 0%: growing) | n/m | −291.70% (below 0%: shrinking) | 34.97% | (2.63%) | Compare |
| CMPS COMPASS Pathways PLC Sponsored ADR | $1.6B | — (loss-making) | — | — | n/m | −4.18% (below 0%: shrinking) | — | 0.00% | Compare |
| AMN AMN Healthcare Services Inc | $1.6B | 15.0× | 31.2× | +2.29% (above 0%: growing) | n/m | −389.43% (below 0%: shrinking) | 30.58% | 4.00% | |
| AGL Agilon Health, Inc. | $1.5B | — (loss-making) | — (loss-making) | +7.15% (above 0%: growing) | n/m | −50.19% (below 0%: shrinking) | 7.17% | 0.79% | Compare |
| PNTG The Pennant Group, Inc. | $1.5B | 44.5× | 26.9× | +35.76% (above 0%: growing) | +23.81% (above 0%: growing) | −50.94% (below 0%: shrinking) | 14.07% | 5.77% | Compare |
| HCSG Healthcare Services Group, Inc. | $1.5B | 12.2× | 19.2× | +2.69% (above 0%: growing) | n/m | −26.02% (below 0%: shrinking) | 15.89% | 4.72% | Compare |
| NUTX Nutex Health Inc. | $1.4B | 7.1× | 6.3× | −13.62% (below 0%: shrinking) | n/m | +19.44% (above 0%: growing) | 67.04% | 57.75% | Compare |
| USPH U.S. Physical Therapy, Inc. | $1.3B | 504× | 27.7× | +8.47% (above 0%: growing) | −56.90% (below 0%: shrinking) | −8.24% (below 0%: shrinking) | 19.59% | 10.25% | Compare |
| Median of peers | $1.5B | 21.7× | 19.2× | +7.15% | −56.90% | −17.13% | 19.59% | 4.08% |
AMN Healthcare Services Inc (AMN) key facts
- Concern: AMN Healthcare Services Inc’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, down 8.49% from fiscal 2024.
- Concern: AMN Healthcare Services Inc reported a net loss of $95.7 million, or a loss of $2.48 per share, for fiscal 2025.
- AMN Healthcare Services Inc (AMN) is a Medical Care Facilities company in the Healthcare sector, listed on the New York Stock Exchange.
- As of October 16, 2026, AMN traded at $40.49, a market capitalization of $1.6 billion.
- At that price the stock trades at 15.0× trailing-twelve-month earnings and 0.5× sales; its P/E is higher than 28% of its own readings over the past ten years.
- Return on equity was −14.2% and debt-to-equity 1.00.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 2.26 (grey zone) for fiscal 2025.