Friday 6 November 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.
- Revenue
- +13.1%
- EPS
- +11.8%
- Free cash flow
- −389.4%
- Total debt
- −18.9%
Quarter to September 2026, against a year earlier
47.01
0.73
−1.53%
Follow AMN
Alert me
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| 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 | 3,517 | +4.1% | 3,355 | 2,670 | 2,781 | +0.6% | |
| Gross margin, % | 32.58 | 32.41 | 32.60 | 33.46 | 33.08 | 32.87 | 32.74 | 32.98 | 30.81 | 28.35 | 28.40 | (4.2) pt | ||||||
| EBT | 176 | 193 | 187 | 148 | 92 | 444 | 607 | 284 | (173) | (101) | 169 | n/m | ||||||
| EBT margin, % | 9.26 | 9.69 | 8.74 | 6.68 | 3.82 | 11.14 | 11.57 | 7.50 | (5.78) | (3.70) | 4.82 | (13.0) pt | ||||||
| Net income | 106 | 133 | 142 | 114 | 71 | 327 | 444 | 211 | (147) | (96) | 109 | n/m | ||||||
| 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 | 89.93 | +6.7% | |||||
| Earnings | 2.21 | 2.77 | 2.99 | 2.44 | 1.49 | 6.87 | 9.96 | 5.38 | (3.85) | (2.48) | 2.79 | n/m | ||||||
| Cash flow | 2.79 | 3.36 | 4.79 | 4.81 | 5.42 | 6.40 | 14.66 | 9.50 | 8.39 | 7.00 | 9.22 | +10.7% | ||||||
| Capex | (0.46) | (0.55) | (0.77) | (0.78) | (0.82) | (1.13) | (1.81) | (2.69) | (2.12) | (0.92) | (0.86) | +8.1% | ||||||
| Free cash flow | 2.34 | 2.80 | 4.02 | 4.03 | 4.59 | 5.28 | 12.85 | 6.81 | 6.27 | 6.07 | 8.36 | +11.2% | ||||||
| Book value | 9.37 | 11.77 | 13.49 | 15.77 | 17.28 | 24.37 | 23.40 | 21.22 | 18.50 | 16.67 | 19.82 | +6.6% | ||||||
| Shares, m | 48 | 48 | 47 | 47 | 47 | 48 | 45 | 39 | 38 | 39 | 39 | (2.4%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 17.74 | 17.91 | 18.95 | 25.54 | 45.81 | 17.83 | 10.72 | 14.58 | 0.00 | 0.00 | 16.85 | 16.9 | |||||
| P/S | 0.99 | 1.19 | 1.26 | 1.31 | 1.35 | 1.46 | 0.90 | 0.80 | 0.31 | 0.22 | 0.52 | 1.0 | ||||||
| P/B | 4.18 | 4.22 | 4.20 | 3.95 | 3.95 | 5.02 | 4.53 | 3.65 | 1.29 | 0.95 | 2.37 | 3.6 | ||||||
| EV/Sales | 1.17 | 1.35 | 1.46 | 1.55 | 1.70 | 1.63 | 1.05 | 1.14 | 0.66 | 0.49 | 0.66 | 1.2 | ||||||
| EV/FCF | 19.90 | 19.97 | 16.22 | 18.28 | 18.67 | 25.80 | 9.61 | 16.39 | 8.38 | 5.77 | 7.16 | 15.9 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 134 | 161 | 227 | 225 | 257 | 305 | 654 | 372 | 320 | 269 | 361 | +8.1% | |||||
| Capex | (22) | (27) | (36) | (36) | (39) | (54) | (81) | (105) | (81) | (36) | (34) | +5.5% | ||||||
| Free cash flow | 112 | 134 | 191 | 188 | 218 | 252 | 573 | 267 | 240 | 234 | 327 | +8.5% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 176 | 209 | 175 | 182 | 111 | 380 | 236 | 186 | 49 | (32) | 138 | n/m | |||||
| Net debt | 349 | 305 | 427 | 534 | 829 | 661 | 779 | 1,272 | 1,045 | 733 | (256) | +8.6% | ||||||
| Shareholders’ equity | 449 | 563 | 639 | 737 | 820 | 1,162 | 1,044 | 831 | 707 | 642 | 775 | +4.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 10.24 | 10.86 | 10.32 | 6.66 | 3.30 | 11.94 | 14.75 | 7.25 | (5.50) | (4.24) | 4.92 | (14.5) pt | |||||
| ROIC | 15.01 | 15.31 | 11.89 | 8.70 | 5.66 | 16.38 | 22.19 | 10.06 | (3.66) | (2.52) | 24.41 | (17.5) pt | ||||||
| ROE | 26.55 | 26.20 | 23.59 | 16.57 | 9.08 | 33.04 | 40.26 | 22.47 | (19.11) | (14.19) | 15.36 | (40.7) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 2,990 | 2,980 | 2,920 | 3,236 | 3,000 | 3,800 | 4,230 | 3,585 | 2,968 | 2,664 | — | (1.3%) | |||||
| Revenue/emp, $m | 0.64 | 0.67 | 0.73 | 0.69 | 0.80 | 1.05 | 1.24 | 1.06 | 1.01 | 1.02 | — | +5.4% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 6 Nov 2026
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 |
|---|---|---|---|---|---|---|---|---|---|
| ADUS Addus HomeCare Corporation | $2.4B | 21.1× | 20.3× | +7.02% (above 0%: growing) | +24.19% (above 0%: growing) | −17.07% (below 0%: shrinking) | 32.08% | 10.27% | Compare |
| ARDT Ardent Health, Inc. | $2.2B | 15.2× | 12.8× | +3.05% (above 0%: growing) | n/m | −23.49% (below 0%: shrinking) | 100.00% | 0.00% | Compare |
| ASTH Astrana Health, Inc. | $1.9B | 46.8× | 25.9× | +48.52% (above 0%: growing) | +110.53% (above 0%: growing) | −67.74% (below 0%: shrinking) | 10.70% | 3.53% | Compare |
| AGL Agilon Health, Inc. | $1.9B | — (loss-making) | — (loss-making) | +5.86% (above 0%: growing) | n/m | +234.38% (above 0%: growing) | 0.00% | 1.59% | Compare |
| AMN AMN Healthcare Services Inc | $1.8B | 17.4× | 25.4× | +2.29% (above 0%: growing) | +117.88% (above 0%: growing) | −389.43% (below 0%: shrinking) | 30.58% | 4.00% | |
| HCSG Healthcare Services Group, Inc. | $1.7B | 16.6× | 18.6× | +3.29% (above 0%: growing) | −37.29% (below 0%: shrinking) | −59.81% (below 0%: shrinking) | 16.76% | 6.66% | Compare |
| SNDA Sonida Senior Living, Inc. | $1.6B | — (loss-making) | — (loss-making) | +114.40% (above 0%: growing) | n/m | +360.11% (above 0%: growing) | 35.68% | (9.27%) | Compare |
| PNTG The Pennant Group, Inc. | $1.4B | 37.3× | 36.7× | +31.96% (above 0%: growing) | +55.56% (above 0%: growing) | −3.19% (below 0%: shrinking) | 13.34% | 5.46% | Compare |
| NUTX Nutex Health Inc. | $1.3B | 7.4× | 7.3× | −13.62% (below 0%: shrinking) | n/m | +19.44% (above 0%: growing) | 67.04% | 57.75% | Compare |
| Median of peers | $1.8B | 18.9× | 19.5× | +6.44% | +39.88% | −10.13% | 24.42% | 4.50% |
Pay and ownership Proxy statement filed 18 March 2026
Ownership
Directors and executive officers, together
less than 1%
BlackRock, Inc.
15.10%
The Vanguard Group
9.40%
Millennium Management LLC
5.20%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement