NYSE : AMN
AMN Healthcare Services, Inc. — Financial statements
Healthcare · Medical Care Facilities · United States
Last price 46.94 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.82B
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Financial statements
AMN Healthcare Services, Inc. (AMN) reported revenue of 3.43B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 3.43B | 2.73B | 2.98B | 3.79B | 5.24B | 3.98B |
| Cost of Revenue | 2.48B | 1.96B | 2.06B | 2.54B | 3.53B | 2.67B |
| Gross Profit | 954.26M | 774.06M | 919.38M | 1.25B | 1.72B | 1.31B |
| Selling, General & Admin | 656.52M | 593.02M | 632.49M | 746.01M | 939.51M | 730.45M |
| Operating Expenses | 793.58M | 740.89M | 799.59M | 900.92M | 1.07B | 831.60M |
| Operating Income | 160.68M | 33.17M | 119.78M | 348.66M | 644.17M | 478.00M |
| Interest Expense | -35.63M | -45.59M | -69.90M | -54.14M | -40.40M | -34.08M |
| EBT Excluding Unusual Items | 125.05M | -12.42M | 49.88M | 294.52M | 603.77M | 443.92M |
| Impairment of Goodwill | -109.52M | -222.46M | ||||
| Gain (Loss) on Sale of Assets | 39.14M | 39.14M | ||||
| Asset Writedown | -18.26M | -7.80M | ||||
| Other Unusual Items | -2.43M | 2.93M | ||||
| Pretax Income | 164.19M | -101.06M | -172.57M | 284.29M | 606.70M | 443.92M |
| Income Tax Expense | 59.27M | -5.36M | -25.59M | 73.61M | 162.65M | 116.53M |
| Net Income | 104.92M | -95.70M | -146.98M | 210.68M | 444.05M | 327.39M |
| Net Income to Common | 104.92M | -95.70M | -146.98M | 210.68M | 444.05M | 327.39M |
| Shares Outstanding (Basic) | 38.82M | 38.52M | 38.19M | 39.17M | 44.59M | 47.69M |
| Shares Outstanding (Diluted) | 39.09M | 38.52M | 38.19M | 39.34M | 44.87M | 48.05M |
| EPS (Basic) | 2.70 | -2.48 | -3.85 | 5.38 | 9.96 | 6.87 |
| EPS (Diluted) | 2.69 | -2.48 | -3.85 | 5.36 | 9.90 | 6.81 |
| Free Cash Flow | 439.13M | 233.83M | 239.53M | 268.48M | 577.90M | 251.78M |
| Free Cash Flow Per Share | 11.23 | 6.07 | 6.27 | 6.82 | 12.88 | 5.24 |
| Gross Margin | 27.79% | 28.35% | 30.81% | 32.98% | 32.74% | 32.87% |
| Operating Margin | 4.68% | 1.21% | 4.01% | 9.20% | 12.29% | 12.00% |
| Profit Margin | 3.06% | -3.50% | -4.93% | 5.56% | 8.47% | 8.22% |
| Free Cash Flow Margin | 12.79% | 8.56% | 8.03% | 7.08% | 11.02% | 6.32% |
| EBITDA | 307.29M | 189.77M | 293.56M | 509.59M | 781.28M | 581.70M |
| EBITDA Margin | 8.95% | 6.95% | 9.84% | 13.45% | 14.90% | 14.60% |
| D&A For EBITDA | 146.62M | 156.60M | 173.78M | 160.93M | 137.11M | 103.70M |
| EBIT | 160.68M | 33.17M | 119.78M | 348.66M | 644.17M | 478.00M |
| EBIT Margin | 4.68% | 1.21% | 4.01% | 9.20% | 12.29% | 12.00% |
| Effective Tax Rate | 36.10% | 25.89% | 26.81% | 26.25% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 361.84M | 33.97M | 10.65M | 32.94M | 64.52M | 180.93M |
| Cash & Short-Term Investments | 361.84M | 33.97M | 10.65M | 32.94M | 64.52M | 180.93M |
| Accounts Receivable | 424.67M | 430.60M | 508.30M | 741.19M | 944.38M | 1.03B |
| Other Receivables | 4.85M | 8.51M | 11.68M | 5.35M | 8.88M | |
| Receivables | 429.52M | 439.11M | 519.98M | 746.54M | 953.25M | 1.03B |
| Prepaid Expenses | 20.65M | 20.87M | 22.51M | 21.89M | 18.71M | 72.46M |
| Restricted Cash | 22.49M | 21.63M | 14.98M | 22.06M | 37.23M | 29.26M |
| Other Current Assets | 34.76M | 29.80M | 26.79M | 18.26M | 19.94M | 37.57M |
| Total Current Assets | 869.25M | 545.38M | 594.91M | 841.68M | 1.09B | 1.35B |
| Property, Plant & Equipment | 141.75M | 163.41M | 218.38M | 225.93M | 165.54M | 154.88M |
| Goodwill | 759.00M | 755.81M | 897.46M | 1.11B | 935.36M | 892.34M |
| Other Intangible Assets | 250.09M | 283.53M | 381.36M | 474.13M | 476.83M | 514.46M |
| Long-Term Deferred Tax Assets | 47.78M | 44.88M | 25.83M | |||
| Other Long-Term Assets | 296.10M | 301.11M | 297.78M | 271.10M | 216.97M | 221.15M |
| Total Assets | 2.36B | 2.09B | 2.42B | 2.92B | 2.89B | 3.13B |
| Accounts Payable | 95.10M | 84.94M | 100.92M | 177.11M | 373.32M | 339.01M |
| Accrued Expenses | 405.68M | 361.94M | 353.20M | 368.55M | 414.88M | 422.73M |
| Current Portion of Leases | 5.79M | 6.01M | 6.20M | 7.99M | 8.09M | 11.38M |
| Current Income Taxes Payable | 21.16M | |||||
| Current Unearned Revenue | 5.14M | 9.50M | 10.01M | 11.30M | 11.82M | 15.95M |
| Other Current Liabilities | 258.77M | 115.22M | 75.45M | 91.16M | 49.82M | 159.15M |
| Total Current Liabilities | 770.49M | 577.61M | 545.78M | 656.12M | 857.93M | 969.39M |
| Long-Term Debt | 742.93M | 767.05M | 1.06B | 1.30B | 843.50M | 842.32M |
| Long-Term Leases | 27.08M | 30.14M | 35.73M | 37.60M | 9.36M | 13.36M |
| Long-Term Deferred Tax Liabilities | 23.35M | 22.71M | 47.81M | |||
| Other Long-Term Liabilities | 82.19M | 77.19M | 71.72M | 71.38M | 111.21M | 96.99M |
| Total Liabilities | 1.62B | 1.45B | 1.71B | 2.09B | 1.84B | 1.97B |
| Common Stock | 514.00K | 511.00K | 507.00K | 504.00K | 501.00K | 498.00K |
| Additional Paid-In Capital | 577.73M | 559.35M | 528.47M | 506.54M | 501.67M | 486.71M |
| Retained Earnings | 1.29B | 1.21B | 1.30B | 1.45B | 1.24B | 796.95M |
| Treasury Stock | -1.13B | -1.13B | -1.13B | -1.13B | -698.60M | -121.83M |
| Comprehensive Income & Other | 8.00K | 298.00K | -11.00K | -423.00K | -939.00K | -295.00K |
| Shareholders' Equity | 741.28M | 642.11M | 706.62M | 831.26M | 1.04B | 1.16B |
| Total Liabilities & Equity | 2.36B | 2.09B | 2.42B | 2.92B | 2.89B | 3.13B |
| Total Debt | 775.81M | 803.20M | 1.10B | 1.35B | 860.96M | 867.07M |
| Net Cash (Debt) | -413.97M | -769.23M | -1.09B | -1.32B | -796.43M | -686.14M |
| Net Cash Per Share | -10.59 | -19.97 | -28.47 | -33.49 | -17.75 | -14.28 |
| Filing Date Shares Outstanding | 38.73M | 38.64M | 38.19M | 37.89M | 41.07M | 46.64M |
| Total Common Shares Outstanding | 38.72M | 38.44M | 38.08M | 37.81M | 41.88M | 47.26M |
| Working Capital | 98.77M | -32.24M | 49.13M | 185.56M | 235.71M | 379.68M |
| Book Value Per Share | 19.15 | 16.70 | 18.56 | 21.99 | 24.92 | 24.59 |
| Tangible Book Value | -267.81M | -397.23M | -572.20M | -754.43M | -368.56M | -244.77M |
| Tangible Book Value Per Share | -6.92 | -10.33 | -15.03 | -19.95 | -8.80 | -5.18 |
| Machinery | 102.82M | 97.88M | 90.97M | 71.81M | 51.41M | 43.13M |
| Leasehold Improvements | 16.39M | 16.39M | 16.06M | 15.84M | 2.07M | 8.80M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 104.92M | -95.70M | -146.98M | 210.68M | 444.05M | 327.39M |
| Depreciation & Amortization | 146.62M | 156.60M | 173.78M | 160.93M | 137.11M | 103.70M |
| Other Amortization | 1.16M | 1.16M | 158.00K | |||
| Loss (Gain) From Sale of Assets | -38.58M | -20.84M | 65.00K | 8.05M | 1.56M | 2.71M |
| Asset Writedown & Restructuring Costs | 109.52M | 222.46M | ||||
| Loss (Gain) From Sale of Investments | -158.00K | -106.00K | 200.00K | 302.00K | 749.00K | -52.00K |
| Stock-Based Compensation | 34.13M | 32.97M | 22.09M | 18.48M | 29.54M | 25.24M |
| Provision & Write-off of Bad Debts | 3.02M | 2.48M | 3.30M | 23.91M | 58.00M | 6.26M |
| Other Operating Activities | 12.81M | -17.65M | -40.40M | -63.00K | -16.72M | -16.55M |
| Change in Accounts Receivable | 19.17M | 71.57M | 223.45M | 221.06M | 28.91M | -585.27M |
| Change in Accounts Payable | 17.36M | -20.57M | -154.89M | -183.52M | 48.78M | 256.12M |
| Change in Unearned Revenue | -5.32M | 6.02M | -1.34M | -558.00K | -4.10M | 4.32M |
| Change in Income Taxes | 5.75M | 3.18M | -4.01M | 3.79M | -8.88M | 6.59M |
| Change in Other Net Operating Assets | 169.90M | 40.84M | 22.70M | -90.91M | -65.28M | 174.74M |
| Operating Cash Flow | 470.76M | 269.46M | 320.42M | 372.17M | 653.73M | 305.36M |
| Capital Expenditures | -31.63M | -35.63M | -80.89M | -103.69M | -75.83M | -53.57M |
| Cash Acquisitions | -2.99M | -292.18M | -69.57M | -41.26M | ||
| Divestitures | 65.28M | 65.28M | ||||
| Sale (Purchase) of Intangibles | -510.00K | -1.70M | -5.09M | -90.00K | ||
| Investment in Securities | 1.71M | -25.37M | 7.72M | 9.97M | 1.30M | -3.48M |
| Other Investing Activities | -633.00K | 22.00K | -6.76M | -24.90M | -21.52M | -8.99M |
| Investing Cash Flow | 31.23M | 4.30M | -79.94M | -412.49M | -170.71M | -107.40M |
| Long-Term Debt Issued | 530.00M | 125.00M | 815.00M | 70.00M | ||
| Long-Term Debt Repaid | -815.00M | -375.00M | -355.30M | -91.88M | ||
| Net Debt Issued (Repaid) | -170.00M | -285.00M | -250.00M | 459.70M | -21.88M | |
| Repurchase of Common Stock | -5.15M | -2.09M | -8.47M | -437.89M | -591.87M | -9.92M |
| Other Financing Activities | -8.80M | -8.80M | -973.00K | -11.08M | -3.10M | |
| Financing Cash Flow | -183.96M | -295.89M | -259.45M | 10.73M | -591.87M | -34.90M |
| Foreign Exchange Rate Adjustments | -335.00K | |||||
| Net Cash Flow | 318.03M | -22.13M | -18.97M | -29.60M | -108.84M | 162.72M |
| Free Cash Flow | 439.13M | 233.83M | 239.53M | 268.48M | 577.90M | 251.78M |
| Free Cash Flow Margin | 12.79% | 8.56% | 8.03% | 7.08% | 11.02% | 6.32% |
| Free Cash Flow Per Share | 11.23 | 6.07 | 6.27 | 6.82 | 12.88 | 5.24 |
| Levered Free Cash Flow | 445.77M | 249.93M | 263.32M | 276.29M | 494.47M | 244.01M |
| Unlevered Free Cash Flow | 466.88M | 277.27M | 307.01M | 310.13M | 519.72M | 265.15M |
| Cash Interest Paid | 29.32M | 45.11M | 61.03M | 48.10M | 37.52M | 38.09M |
| Cash Income Tax Paid | 41.46M | 7.85M | 28.15M | 78.26M | 213.81M | 106.38M |
| Change in Working Capital | 206.84M | 101.03M | 85.91M | -50.13M | -558.00K | -143.49M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.85B | 605.40M | 910.72M | 2.83B | 4.46B | 5.78B |
| Enterprise Value | 2.26B | 1.44B | 2.05B | 3.78B | 5.16B | 6.52B |
| Last Close Price | 47.11 | 15.76 | 23.92 | 74.88 | 102.82 | 122.33 |
| PE Ratio | 17.72 | 13.43 | 10.03 | 17.66 | ||
| Forward PE | 55.83 | 21.32 | 14.97 | 15.39 | 12.04 | 17.20 |
| PS Ratio | 0.53 | 0.22 | 0.30 | 0.75 | 0.85 | 1.45 |
| PB Ratio | 2.46 | 0.94 | 1.29 | 3.40 | 4.27 | 4.98 |
| P/FCF Ratio | 4.16 | 2.59 | 3.80 | 10.54 | 7.71 | 22.97 |
| P/OCF Ratio | 3.88 | 2.25 | 2.84 | 7.60 | 6.82 | 18.94 |
| PEG Ratio | 6.36 | 4.21 | 4.21 | 4.21 | 0.80 | 1.10 |
| EV/Sales Ratio | 0.65 | 0.53 | 0.69 | 1.00 | 0.98 | 1.64 |
| EV/EBITDA Ratio | 7.28 | 7.58 | 7.00 | 7.41 | 6.61 | 11.20 |
| EV/EBIT Ratio | 13.93 | 43.35 | 17.15 | 10.83 | 8.01 | 13.63 |
| EV/FCF Ratio | 5.10 | 6.15 | 8.58 | 14.07 | 8.93 | 25.89 |
| Debt / Equity Ratio | 1.05 | 1.25 | 1.55 | 1.62 | 0.82 | 0.75 |
| Debt / EBITDA Ratio | 2.43 | 3.96 | 3.57 | 2.57 | 1.07 | 1.41 |
| Debt / FCF Ratio | 1.77 | 3.44 | 4.58 | 5.03 | 1.49 | 3.44 |
| Net Debt / Equity Ratio | 0.56 | 1.20 | 1.54 | 1.58 | 0.76 | 0.59 |
| Net Debt / EBITDA Ratio | 1.35 | 4.05 | 3.70 | 2.58 | 1.02 | 1.18 |
| Net Debt / FCF Ratio | 0.94 | 3.29 | 4.54 | 4.91 | 1.38 | 2.73 |
| Asset Turnover | 1.50 | 1.21 | 1.12 | 1.30 | 1.74 | 1.45 |
| Quick Ratio | 1.03 | 0.82 | 0.97 | 1.19 | 1.19 | 1.25 |
| Current Ratio | 1.13 | 0.94 | 1.09 | 1.28 | 1.27 | 1.39 |
| Return on Equity (ROE) | 15.56% | -14.19% | -19.11% | 22.47% | 40.27% | 33.04% |
| Return on Assets (ROA) | 4.39% | 0.92% | 2.80% | 7.50% | 13.38% | 10.89% |
| Return on Invested Capital (ROIC) | 9.85% | 2.07% | 6.08% | 12.96% | 25.57% | 19.62% |
| Return on Capital Employed (ROCE) | 10.10% | 2.20% | 6.40% | 15.40% | 31.70% | 22.10% |
| Earnings Yield | 5.64% | -15.81% | -16.14% | 7.45% | 9.97% | 5.66% |
| FCF Yield | 24.07% | 38.62% | 26.30% | 9.49% | 12.97% | 4.35% |
| Buyback Yield / Dilution | -2.07% | -0.87% | 2.93% | 12.32% | 6.61% | -0.74% |