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%
Market cap
$1.6B
P/E
15.0×
Fwd P/E
31.2×
Dividend yield
—
F-score
5/9
Altman Z
2.26
Beneish M
−3.39
Dividend safety
n/a

Insider Decisions trades per month

Total sells 0.11
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — 1 — — — —
Insider Ownership 1.72%

Capital & Financial Ratios $m

Market Cap 1,550.00
Revenue 3,434.32
Net Income 104.92
Free Cash Flow 436.92
Net Debt 381.10
Current Ratio 1.13
Debt/Equity 1.00
P/E ratio 15.00
Fwd P/E 31.20
P/S ratio 0.46
P/B ratio 2.13
Past 5Y EPS Growth —
This Y EPS Growth 141.83% (at or above 15%: strong)
Next Y EPS Growth (71.44%) (below 0%: weak)
Next Y revenue growth 22.87% (at or above 10%: strong)
Next 5Y EPS Growth (2.45%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 28.21%
10-year low 10-year high
P/S against its own 10 years 17.91%
10-year low 10-year high
P/B against its own 10 years 19.65%
10-year low 10-year high
EV/Sales against its own 10 years 9.51%
10-year low 10-year high
EV/FCF against its own 10 years 5.12%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 33 11 34 362
Receivables 741 508 431 425
Inventory — — — —
Other 46 53 60 62
842 595 545 869
2023 2024 2025 Q'26
Payables 344 184 162 193
ST’ Debt — — — —
Other 34 74 117 252
656 546 578 770

Compound Annual Growth %

10y 5y 3y
Sales 6.44% 2.67% (19.55%)
Cash Flow 16.95% 0.96% (25.58%)
Earnings 0.00% 0.00% 0.00%
Book Value 6.32% (4.77%) (14.95%)

Revenue $m

Mar Jun Sep Dec Year
’26 1,378 673 — — —
’25 690 658 634 748 2,730
’24 821 741 688 735 2,984
’23 1,126 991 853 818 3,789
’22 1,553 1,427 1,139 1,126 5,243
’21 886 857 878 1,363 3,984
’20 602 608 552 631 2,394
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 562 (190) — — —
’25 93 79 23 76 269
’24 81 100 67 73 320
’23 43 198 172 (41) 372
’22 200 224 114 115 654
’21 39 171 17 78 305
’20 51 77 89 40 257
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 555 (199) — — —
’25 83 69 15 68 234
’24 63 72 47 57 240
’23 26 171 142 (73) 267
’22 187 206 89 91 573
’21 28 160 1 63 252
’20 36 71 81 30 218
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 1.59 0.53 — — —
’25 (0.03) (3.02) 0.76 (0.20) (2.48)
’24 0.45 0.42 0.18 (4.90) (3.85)
’23 2.02 1.55 1.39 0.33 5.36
’22 3.09 2.77 2.10 1.88 9.90
’21 1.47 1.39 1.54 2.42 6.81
’20 0.27 0.47 0.55 0.19 1.48
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%

All 55 Medical Care Facilities stocks →

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.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/AMN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com