Friday 6 November 2026 Export PACS’s income statement to Excel — free account

PACS Group, Inc.

PACS Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.3 billion, up 29.3% from fiscal 2024.

Revenue: +11.5%
EPS: +16.4%
Free cash flow: −4.31%
Total debt: +7.48%

Quarter to September 2026, against a year earlier

Revenue growth 3 yrs

50.09 0.17 −0.34%

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Market cap: $8.0B
P/E: 28.6×
Fwd P/E: 21.8×
Dividend yield: —
F-score: 7/9
Altman Z: 2.00
Beneish M: −2.74
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

PACS Group, Inc. (PACS) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Reportable Segment	5,289	100.00%
Gross margin		14.75%
Operating margin		5.85%
Pre-tax margin		5.38%

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022
Reportable Segment	5,289 100.02%	4,090 100.08%	3,111 100.04%	2,422 100.95%
Eliminations	—	—	—	(23) (0.95%)
Revenue	5,288	4,087	3,110	2,399

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Actual patient days	Q3 FY2026	2.9M	2.7M	+7.53%
Available patient days	Q3 FY2026	3.2M	3.0M	+6.10%
Facilities with a 4 or 5 star CMS QM rating	Q3 FY2026	250.00	192.00	+30.21%
Mature facilities at period end	Q1 FY2026	172.00	—	—
Mature facilities average CMS Quality Measure Star rating	Q3 FY2026	4.50	—	—
Mature facility actual patient days	Q3 FY2026	1.9M	1.4M	+33.88%
Mature facility available patient days	Q3 FY2026	2.0M	1.5M	+36.25%
Mature facility occupancy rate (operational beds)	Q3 FY2026	93.1%	94.8%	—
Mature facility operational beds at period end	Q1 FY2026	19.2K	—	—
Mature facility skilled mix by nursing patient days	Q3 FY2026	31.3%	33.0%	—
Mature facility skilled mix by revenue	Q3 FY2026	53.1%	55.4%	—
Number of facilities at period end	Q1 FY2026	290.00	—	—
Number of operational beds at period end	Q1 FY2026	32.8K	—	—
Occupancy rate (operational beds)	Q1 FY2026	90.8%	—	—
Ramping facility skilled mix by nursing patient days	Q3 FY2026	25.7%	22.0%	—
Ramping facility skilled mix by revenue	Q3 FY2026	39.8%	40.6%	—
Skilled mix by nursing patient days	Q3 FY2026	29.1%	28.2%	—
Skilled mix by revenue	Q3 FY2026	48.9%	48.0%	—
Skilled nursing portfolio with a 4 or 5 star CMS QM rating	Q3 FY2026	78.9%	68.6%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q3 FY2024	Q2 FY2024	Q1 FY2024
Actual patient days	‡	‡	‡	‡	‡	‡	‡	‡
Available patient days	‡	‡	‡	‡	‡	‡	‡	‡
Facilities with a 4 or 5 star CMS QM rating	‡	‡	‡	‡	‡	‡	‡	‡
Mature facilities at period end	‡	‡	‡	‡	‡	‡	‡	‡
Mature facilities average CMS Quality Measure Star rating	‡	‡	‡	‡	‡	‡	‡	‡
Mature facility actual patient days	‡	‡	‡	‡	‡	‡	‡	‡
Mature facility available patient days	‡	‡	‡	‡	‡	‡	‡	‡
Mature facility occupancy rate (operational beds)	‡	‡	‡	‡	‡	‡	‡	‡
Mature facility operational beds at period end	‡	‡	‡	‡	‡	‡	‡	‡
Mature facility skilled mix by nursing patient days	‡	‡	‡	‡	‡	‡	‡	‡
Mature facility skilled mix by revenue	‡	‡	‡	‡	‡	‡	‡	‡
Number of facilities at period end	‡	‡	‡	‡	‡	‡	‡	‡
Number of operational beds at period end	‡	‡	‡	‡	‡	‡	‡	‡
Occupancy rate (operational beds)	‡	‡	‡	‡	‡	‡	‡	‡
Ramping facility skilled mix by nursing patient days	‡	‡	‡	‡	‡	‡	‡	‡
Ramping facility skilled mix by revenue	‡	‡	‡	‡	‡	‡	‡	‡
Skilled mix by nursing patient days	‡	‡	‡	‡	‡	‡	‡	‡
Skilled mix by revenue	‡	‡	‡	‡	‡	‡	‡	‡
Skilled nursing portfolio with a 4 or 5 star CMS QM rating	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.