Healthcare Services Group, Inc.
HCSG Healthcare Medical Care Facilities
Healthcare Services Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.8 billion, up 7.08% from fiscal 2024. In the quarter to June 2026, revenue grew 2.69%, EPS grew 175.0% and free cash flow fell 26.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
Follow HCSG
Healthcare Services Group, Inc. (HCSG) Altman Z-score
Healthcare Services Group, Inc.'s Altman Z-score for fiscal 2025 is 6.55, in the safe zone (above 2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.55 | 1.60 |
| FY2024 | 4.96 | 0.39 |
| FY2023 | 4.56 | (0.61) |
| FY2022 | 5.17 | (0.52) |
| FY2021 | 5.69 | (2.16) |
| FY2020 | 7.86 | (0.17) |
| FY2019 | 8.03 | (3.40) |
| FY2018 | 11.42 | (1.29) |
| FY2017 | 12.71 | (1.06) |
| FY2016 | 13.77 | 1.04 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.51 | — | 0.61 | |
| Retained earnings / total assets | 0.36 | — | 0.50 | |
| EBIT / total assets | 0.06 | — | 0.20 | |
| Market value of equity / total liabilities | 4.87 | — | 2.92 | |
| Sales / total assets | 2.31 | — | 2.31 | |
| Altman Z-score | Safe zone | 6.55 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.81 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| HCSG Healthcare Services Group, Inc. | 6.6× |
| INNV InnovAge Holding Corp. compare | 4.6× |
| NUTX Nutex Health Inc. compare | 3.3× |
| PNTG The Pennant Group, Inc. compare | 2.3× |
| AMN AMN Healthcare Services Inc compare | 2.3× |
| USPH U.S. Physical Therapy, Inc. compare | 2.1× |
| ARDT Ardent Health, Inc. compare | 2.0× |
| AGL Agilon Health, Inc. compare | 1.5× |
| CMPS COMPASS Pathways PLC Sponsored ADR compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets