PACS

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PACS Group, Inc.

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Key Metrics

Previous Close: $44.26
52-Week Range: $7.50 – $49.49
Market Cap: $6.90B
P/E (TTM): 25.49
EPS (TTM): 1.71
Dividend Yield: —

Advanced Metrics

Price/Book: 6.21
PEG Ratio: 1.19
Return on Equity: 27.92%
Return on Assets: 4.60%
Gross Margin: 17.32%
Operating Margin: 7.66%
Profit Margin: 4.85%
Current Ratio: 0.91
Debt/Equity: 3.05
Total Debt: $3.40B
Free Cash Flow: $378.32M
Revenue Growth: 9.10%
Earnings Growth: 51.60%
Enterprise Value: $10.25B

PACS Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.42B	$3.11B	$4.09B	$5.29B
Cost of Revenue	$2.02B	$2.66B	$3.58B	$4.51B
Gross Profit	$400.68M	$447.07M	$507.69M	$780.33M
Selling, General & Admin	$149.01M	$213.66M	$343.81M	$415.07M
Operating Expenses	$171.32M	$239.30M	$384.62M	$470.73M
Operating Income	$229.36M	$207.77M	$123.07M	$309.60M
EBITDA	$254.89M	$232.87M	$186.70M	$368.48M
Pretax Income	$207.04M	$157.32M	$101.55M	$284.45M
Income Tax	$56.55M	$44.44M	$46.21M	$92.99M
Net Income	$150.50M	$112.87M	$55.76M	$191.54M
Diluted EPS	1.00	0.76	0.38	1.22
Diluted Shares	150.15M	147.77M	148.57M	156.70M

PACS Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$58.27M	$73.42M	$157.67M	$197.02M
Receivables	$420.12M	$600.07M	$716.52M	$702.09M
Current Assets	$511.16M	$722.15M	$938.26M	$1.07B
Total Assets	$2.46B	$3.51B	$5.24B	$5.58B
Current Liabilities	$483.86M	$456.93M	$978.43M	$1.00B
Long-Term Debt	$438.34M	$715.71M	$250.98M	$344.80M
Total Debt	$1.93B	$2.80B	$3.50B	$3.47B
Total Liabilities	$2.39B	$3.41B	$4.53B	$4.63B
Retained Earnings	$63.52M	$96.00M	$118.04M	$309.58M
Shareholders' Equity	$63.65M	$96.13M	$709.55M	$946.77M
Working Capital	$27.30M	$265.22M	-$40.17M	$68.31M
Net Debt	$441.44M	$659.11M	$250.16M	$152.25M

PACS Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$92.61M	$63.70M	$367.34M	$404.22M
Capital Expenditure	-$78.24M	-$172.81M	-$349.81M	-$249.16M
Free Cash Flow	$14.38M	-$109.11M	$17.53M	$155.07M
Depreciation & Amortisation	$22.31M	$25.63M	$40.81M	$55.66M
Stock-Based Compensation	$0.00	$0.00	$115.54M	$54.07M
Investing Cash Flow	-$75.32M	-$172.79M	-$442.68M	-$264.02M
Financing Cash Flow	$12.35M	$129.59M	$117.48M	-$68.99M
Dividends Paid	-$60.28M	-$80.39M	-$33.72M	$0.00
Net Change in Cash	$29.64M	$20.50M	$42.14M	$71.21M

PACS Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$1.28B	$1.31B	$1.34B	$1.36B	$1.42B
Cost of Revenue	$1.12B	$1.12B	$1.14B	$1.13B	$1.17B
Gross Profit	$159.56M	$194.01M	$203.20M	$223.56M	$250.43M
Selling, General & Admin	$98.72M	$100.33M	$102.53M	$113.49M	$112.31M
Operating Expenses	$111.42M	$113.51M	$116.93M	$128.87M	$130.39M
Operating Income	$48.14M	$80.50M	$86.27M	$94.69M	$120.03M
EBITDA	$62.34M	$96.14M	$99.23M	$110.77M	$138.24M
Pretax Income	$42.73M	$78.61M	$76.30M	$86.81M	$113.74M
Income Tax	$14.35M	$27.65M	$23.97M	$27.03M	$33.07M
Net Income	$28.47M	$50.96M	$52.41M	$59.70M	$80.69M
Diluted EPS	0.17	0.31	0.32	—	0.50
Diluted Shares	166.42M	165.47M	164.71M	—	162.08M

PACS Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$287.51M	$294.17M	$355.67M	$197.02M	$247.98M
Receivables	$741.70M	$689.77M	$694.71M	$702.09M	$733.22M
Current Assets	$1.08B	$1.08B	$1.13B	$1.07B	$1.07B
Total Assets	$5.49B	$5.50B	$5.63B	$5.58B	$5.66B
Current Liabilities	$1.11B	$1.17B	$1.20B	$1.00B	$1.07B
Long-Term Debt	$249.09M	$246.99M	$245.90M	$344.80M	$284.81M
Total Debt	$3.57B	$3.54B	$3.47B	$3.47B	$3.37B
Total Liabilities	$4.74B	$4.69B	$4.75B	$4.63B	$4.62B
Retained Earnings	$146.51M	$197.47M	$249.88M	$309.58M	$390.27M
Shareholders' Equity	$750.23M	$806.84M	$871.32M	$946.77M	$1.04B
Working Capital	-$26.01M	-$90.01M	-$70.87M	$68.31M	-$5.42M
Net Debt	$116.54M	$104.97M	—	$152.25M	$45.22M

PACS Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$150.24M	$52.57M	$204.80M	-$3.39M	$236.34M
Capital Expenditure	-$17.72M	-$18.82M	-$98.36M	-$114.26M	-$108.35M
Free Cash Flow	$132.53M	$33.76M	$106.44M	-$117.65M	$127.99M
Depreciation & Amortisation	$12.71M	$13.18M	$14.40M	$15.38M	$18.08M
Stock-Based Compensation	$12.20M	$13.60M	$12.52M	$15.75M	$20.35M
Investing Cash Flow	-$16.42M	-$32.41M	-$97.06M	-$118.15M	-$126.96M
Financing Cash Flow	-$4.07M	-$13.13M	-$46.32M	-$5.47M	-$67.71M
Dividends Paid	$0.00	$0.00	$0.00	$0.00	—
Net Change in Cash	$129.76M	$7.04M	$61.41M	-$127.00M	$41.66M

Market Snapshot

About

PACS Group operates a network of post-acute care facilities including skilled nursing facilities, assisted living communities, and independent living centers. The company provides rehabilitation services, memory care, and long-term care across multiple states. It focuses on delivering clinical care while managing the operational complexity of healthcare real estate.