PACS Group, Inc. (PACS)
PACS Group, Inc. operates as a holding company, primarily focused on delivering post-acute healthcare services. This encompasses operating various facilities, providing skilled professionals, and offering essential ancillary support. The company further specializes in providing a spectrum of senior living options, encompassing dedicated senior care, assisted living, and independent living residences in select communities. Founded in 2013 by Jason Murray and Mark Hancock, its corporate headquarters are located in Farmington, Utah.
Sector: Services-Skilled Nursing Care Facilities
Industry: Medical - Care Facilities
PACS Group, Inc.
NYSE:PACSFinancial Services · Financial - Conglomerates
+0.29%$47.64
AH Close$47.64+0.00%vs close
AH Close$47.64+0.00%vs close
Mkt Cap$7.54B
Float46.07M
O/S158.34M
Inst Own31.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$5.29B
Net Income$191.54M
Total Assets$5.58B
Free Cash Flow$298.82M
Debt & Equity
Debt 79%
Equity 21%
Total Debt$3.47B
Total Equity$946.77M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PACS's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.58B
Liabilities$4.63B
Accounts Receivable$702.09M
Accounts Payable$192.23M
Inventory$0
PP&E (Net)$4.17B
Goodwill$61.79M
Intangible Assets$6.27M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $5.29B | $4.09B | $3.11B | $2.42B | $1.17B |
| YoY Growth | 29.3% | 31.4% | 28.5% | 107.6% | - |
| Cost of Revenue | $4.13B | $3.3B | $2.66B | $2.02B | $979.22M |
| Gross Profit | $1.16B | $792.64M | $447.07M | $400.68M | $187.35M |
| Gross Margin | 21.9% | 19.4% | 14.4% | 16.5% | 16.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $415.07M | $343.81M | $213.66M | $149.01M | $96.83M |
| Other | $434.57M | $325.76M | $25.63M | $22.31M | $7.15M |
| Total Operating Expenses | $849.64M | $669.57M | $239.3M | $171.32M | $103.99M |
| Operating Income (EBIT) | $309.6M | $123.07M | $207.77M | $229.36M | $83.36M |
| Operating Margin | 5.9% | 3.0% | 6.7% | 9.5% | 7.1% |
| Interest Expense | $28.36M | $44.34M | $49.92M | $25.54M | $5.28M |
| Interest Income | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$25.14M | -$21.52M | -$50.45M | -$22.32M | -$1.93M |
| Income Before Tax (EBT) | $284.45M | $101.55M | $157.32M | $207.04M | $81.43M |
| Income Tax Expense | $92.99M | $46.21M | $44.44M | $56.55M | $33.48M |
| Net Income | $191.54M | $55.76M | $112.87M | $150.5M | $47.95M |
| Net Income Margin | 3.6% | 1.4% | 3.6% | 6.2% | 4.1% |
| Supplementary Data | |||||
| EPS | 1.23 | 0.38 | 0.75 | 1.00 | 0.32 |
| Diluted EPS | 1.22 | 0.38 | 0.75 | 1.00 | 0.32 |
| Weighted Average OS | 156.18M | 146.66M | 150.15M | 150.15M | 150.15M |
| EBITDA | $365.57M | $186.7M | $232.87M | $254.89M | $93.86M |
| EBITDA Margin | 6.9% | 4.6% | 7.5% | 10.5% | 8.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $197.02M | $157.67M | $73.42M | $58.27M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $197.02M | $157.67M | $73.42M | $58.27M |
| Accounts Receivable | $702.09M | $716.52M | $600.07M | $420.12M |
| Inventory | $0 | $0 | $0 | $0 |
| Other Current Assets | $170.63M | $64.07M | $48.66M | $32.77M |
| Total Current Assets | $1.07B | $938.26M | $722.15M | $511.16M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $4.17B | $3.99B | $2.59B | $1.78B |
| Goodwill | $61.79M | $60.79M | $59.02M | $55.22M |
| Intangible Assets | $6.27M | $6.27M | $6.27M | $6.27M |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $276.96M | $252.49M | $139.96M | $113.63M |
| Total Long-Term Assets | $4.51B | $4.3B | $2.79B | $1.95B |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $5.58B | $5.24B | $3.51B | $2.46B |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $192.23M | $175.06M | $140.95M | $110.58M |
| Short-Term Debt | $4.46M | $156.85M | $16.82M | $61.36M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $181.13M | $145.79M | $0 | $0 |
| Total Current Liabilities | $1B | $978.43M | $456.93M | $483.86M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $344.8M | $250.98M | $715.71M | $438.34M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $345.5M | $362.03M | $276.38M | $166.26M |
| Total Long-Term Liabilities | $3.63B | $3.55B | $2.95B | $1.91B |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.63B | $4.53B | $3.41B | $2.39B |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $157K | $155K | $129K | $129K |
| Retained Earnings | $309.58M | $118.04M | $96M | $63.52M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $637.03M | $591.36M | $0 | $0 |
| Total Equity | $946.77M | $709.55M | $96.13M | $63.65M |
| Minority Interest | $5.68M | $6.14M | $5.6M | $5M |
| Total Liabilities and Equity | $5.58B | $5.24B | $3.51B | $2.46B |
| Supplementary Data | ||||
| Total Debt | $3.47B | $3.5B | $2.8B | $1.93B |
| Net Debt | $3.27B | $3.34B | $2.73B | $1.87B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | $191.46M | $55.76M | $112.87M | $150.5M | $47.95M |
| Depreciation & Amortization | $55.66M | $40.81M | $25.63M | $22.31M | $7.15M |
| Deferred Income Tax | -$17.73M | -$44.48M | -$9.92M | -$1.92M | $7.83M |
| Stock-Based Compensation | $54.07M | $115.54M | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $14.43M | -$116.45M | -$179.94M | -$114.62M | -$40.09M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $14.86M | $33.4M | $33.37M | $32.81M | $30.78M |
| Other Working Capital | $43.43M | $241.27M | $51.91M | -$12.48M | $4.95M |
| Total Working Capital Change | $72.71M | $158.22M | -$94.66M | -$94.29M | -$4.36M |
| Other Non-Cash Items | $48.05M | $41.5M | $29.77M | $16.02M | -$975K |
| Net Cash from Operating | $404.22M | $367.34M | $63.7M | $92.61M | $57.6M |
| Investing Activities | |||||
| Capital Expenditures | -$105.41M | -$349.81M | -$45.78M | -$22.86M | -$124.09M |
| Acquisitions | -$143M | -$32.89M | -$127.02M | -$55.37M | -$79.68M |
| Purchases of Investments | -$21.21M | -$90.87M | -$2.6M | $0 | -$15.71M |
| Sales of Investments | $5.59M | $25.87M | $1.86M | $0 | $877K |
| Other Investing Activities | $0 | $5.02M | $750K | $2.92M | $0 |
| Net Cash from Investing | -$264.02M | -$442.68M | -$172.79M | -$75.32M | -$218.6M |
| Financing Activities | |||||
| Debt Repaid | $60.22M | $325.15M | -$209.4M | -$69.38M | -$235.84M |
| Common Stock Issuance | $0 | $509.44M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$33.72M | -$80.39M | -$60.28M | -$53.8M |
| Other Financing Activities | -$8.77M | -$33.09M | $587K | $3.25M | $0 |
| Net Cash from Financing | -$68.99M | $117.48M | $129.59M | $12.35M | $182.05M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $71.21M | $42.14M | $20.5M | $29.64M | $21.05M |
| Supplementary Data | |||||
| Operating Cash Flow | $404.22M | $367.34M | $63.7M | $92.61M | $57.6M |
| Capital Expenditure | -$105.41M | -$349.81M | -$45.78M | -$22.86M | -$124.09M |
| Free Cash Flow | $298.82M | $17.53M | $17.91M | $69.75M | -$66.48M |
| Cash at Beginning | $160.84M | $118.7M | $98.21M | $68.56M | $47.51M |
| Cash at End | $232.05M | $160.84M | $118.7M | $98.21M | $68.56M |