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Pacs Group, Inc. (PACS)

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Pacs Group, Inc. (PACS) reported revenue of $1.4 billion for Q2 FY2026, the quarter ended 30 June 2026, up 9.1% on the same quarter a year earlier. Net income was $76 million, up 49.9% on the year, and diluted earnings per share $0.47. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$1.4 billionup 9.1%
Net income$76 millionup 49.9%
Diluted EPS$0.47
QuarterQ2 FY2026ended 30 June 2026

Pacs Group (PACS) in brief

Pacs Group (PACS) reported revenue of $5.3 billion for fiscal 2025, the year ended 31 December 2025, up 29.3% on the year before.
Read moreNet income was $192 million and diluted earnings per share $1.22. Revenue was $4.1 billion in fiscal 2024, $3.1 billion in fiscal 2023 and $2.4 billion in fiscal 2022. Net income in the same years was $56 million, $113 million and $150 million. Over the twelve months to 30 June 2026, Pacs Group reported revenue of $5.6 billion and net income of $269 million. Pacs Group declared $0.22 a share in dividends over the last four quarters and had 158 million shares outstanding at the latest filed count. At 30 June 2026 it carried $246 million of debt and $164 million of cash. At the close of 27 October 2026 the market cap of Pacs Group was $7.6 billion, 28.6 times its earnings over the last twelve months.

Ratios

From the filings

ROE24.2%
ROCE30.2%
Operating margin7.4%
Net margin4.8%
FCF margin8.2%
Interest cover13.88
Debt to equity0.22
Cash conversion2.13
Share count, last 12 months1.1%
Sales CAGR, 3 years29.7%
Profit CAGR, 3 years8.4%
EPS, TTMn/a

At the close of 27 October 2026

Price$47.84
Market cap$7.6 billion
Stock P/E28.63
Price to book6.82
EV / EBITDAn/a
Dividend yield0.5%
Market cap / sales1.36
52-week high$48.79
52-week low$10.58
Price, 1 year279.7%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Pacs Group, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PACSgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PACS

Dividends$0.2173 a share in FY2024
Filings25 in twelve months: 11 current reports (8-K), about 4 results of operations; 3 officer or director change; 3 regulation FD disclosure; 2 shareholder vote; 1 material agreement
Planned insider sales24 Form 144 notices in twelve months, $113.6 million; latest 16 October 2026
Options tapeput/call 0.14 by open interest at the 27 October 2026 close; the straddle prices a 18.0% move to 20 November 2026
13F holders239 funds reported a position for the quarter to 30 June 2026; largest Cohen & Steers, Inc.
Insider trading82 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.3 million shares short, 5.48 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 14 quarters

Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue7087617898539209361,0261,1471,2771,3091,3451,3581,4201,428
Cost of revenue5395916386807367628509491,0241,0211,0461,0391,0751,090
Gross profit170170151174184174177198253288298319346338
Gross margin24%22%19%20%20%19%17%17%20%22%22%24%24%24%
Operating income59.349.536.462.580.00.723.019.448.180.586.394.7120109
Operating margin8%7%5%7%9%0%2%2%4%6%6%7%8%8%
Interest expensen/a15.310.2n/a16.19.99.010.06.94.48.58.66.46.0
Pre-tax income49.131.627.449.273.1-12.433.77.242.778.676.386.8114106
Tax rate23%33%27%31%33%n/a52%88%34%35%31%31%29%28%
Net income37.621.219.934.149.1-10.915.61.928.551.052.459.780.776.4
Net margin5%3%3%4%5%-1%2%0%2%4%4%4%6%5%
Diluted EPS$0.29$0.16$0.15n/a$0.38-$0.07$0.10n/a$0.17$0.31$0.32n/a$0.50$0.47
Operating cash flow79.3-21.115.2-9.758.834.820964.615052.6205-3.4236136
Capital expenditure5.910.714.015.210.815.315.824.617.718.618.051.121.826.5
Free cash flow73.4-31.71.2-24.948.019.519340.013334.0187-54.5215109
Dividends paid18.525.225.311.417.516.20.00.00.00.00.00.0n/an/a
Shares outstanding25m152m157m129m129m152m155m155m155m157m157m157m157m158m
Filing10-Q10-Q10-Q10-K10-K10-K10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A blank figure marked on a quarter is one the filings do not give on their own: the quarters as filed do not add to the year the company filed, or the year and its quarters stand on different share counts. Each quarter's page says which. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 4 fiscal years and the trailing twelve months

FY2022FY2023FY2024FY2025TTM
Revenue2,4223,1114,0905,2895,551
Cost of revenue1,8612,4483,2974,1304,249
Gross profit5616647931,1591,302
Gross margin23.1%21.3%19.4%21.9%23.5%
Operating income229208123310410
Operating margin9.5%6.7%3.0%5.9%7.4%
Interest expense25.549.944.328.429.6
Pre-tax income207157102284383
Income tax56.544.446.293.0114
Effective tax rate27.3%28.2%45.5%32.7%29.7%
Net income15011355.8192269
Net margin6.2%3.6%1.4%3.6%4.8%
Diluted EPS$1.17$0.88$0.38$1.22n/a
Filing10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

FY2022FY2023FY2024FY2025TTM
Operating cash flow92.663.7367404573
Capital expenditure22.945.866.5105117
Free cash flow69.817.9301299456
Free cash flow margin2.9%0.6%7.4%5.6%8.2%
Cash from investing-75.3-173-443-264-498
Cash from financing12.3130117-69.0-196
Share-based compensation0.00.011654.174.4
Dividends paid60.380.433.70.0n/a
Dividend per share$0.47$0.62$0.22n/an/a
Diluted shares, weighted129m129m149m157m162m
Shares outstanding at period endn/a129m155m157m158m
Filing10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity68.796.17109471,110
Non-controlling interestn/a5.66.15.75.0
Debtn/a213412353246
Operating lease liabilitiesn/a1,9622,9362,9402,849
Finance lease liabilitiesn/a40.8125127124
Other liabilitiesn/a1,1961,0541,2121,322
Total liabilities and equityn/a3,5135,2435,5845,656
Owned
Goodwill55.259.060.861.861.8
Cash and equivalents58.373.4158197164
Receivablesn/a548642628634
Other assetsn/a2,8324,3834,6974,796
Total assetsn/a3,5135,2435,5845,656
Filing10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/an/a29.7%16.6%
Profit growth, compoundedn/an/a8.4%177.6%
Return on equity, averagen/a91.2%48.5%20.2%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Pacs Group's revenue in fiscal 2025?

Pacs Group (PACS) reported revenue of $5.3 billion for fiscal 2025, the year ended 31 December 2025, up 29.3% on the year before.

How much did Pacs Group earn in fiscal 2025?

Net income was $192 million for fiscal 2025, and diluted earnings per share $1.22.

What is Pacs Group's P/E ratio?

At the close of 27 October 2026, Pacs Group traded at 28.6 times its earnings over the twelve months to 30 June 2026.

What is Pacs Group's market cap?

The market cap of Pacs Group was $7.6 billion at the close of 27 October 2026.

Does Pacs Group pay a dividend?

Yes. Pacs Group declared $0.22 a share in dividends over the four quarters to 30 June 2026.

Peers: Healthcare

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Universal Health Services Inc. UHS$10.6 billion7.2220.3%11.4%10.0%0.650.5%
Ensign Group, Inc. ENSG$9.9 billion25.2115.6%9.0%17.5%0.080.2%
Caris Life Sciences, Inc. CAI$9.5 billion93.5617.8%15.5%n/a0.66n/a
Pacs Group, Inc. PACS$7.6 billion28.6324.2%7.4%16.6%0.220.5%
Grail, Inc. GRAL$6.7 billionn/a-15.4%-338.4%23.1%0.00n/a
Chemed Corp. CHE$6.7 billion25.5833.1%13.5%3.3%0.170.5%
Hims & Hers Health, Inc. HIMS$6.5 billionn/a-43.8%-6.0%28.0%4.21n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.4624.6%n/a8.1%3.21n/a
Concentra Group Holdings Parent, Inc. CON$5.1 billion25.8241.7%16.4%14.0%3.300.6%
LifeStance Health Group, Inc. LFST$5.0 billion100.923.4%4.9%20.4%0.19n/a
National Healthcare Corp. NHC$3.3 billion23.8612.5%9.3%6.9%0.001.2%
All 41 in Healthcare
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
HCA Healthcare, Inc. HCA$98.1 billion15.06n/a12.7%7.3%n/a0.7%
Natera, Inc. NTRA$59.0 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$26.8 billion27.4011.6%10.4%6.4%0.680.9%
Quest Diagnostics Inc. DGX$26.7 billion24.1614.8%14.6%9.1%0.731.4%
Guardant Health, Inc. GH$23.8 billionn/an/a-39.7%42.7%n/an/a
Tenet Healthcare Corp. THC$21.1 billion10.1148.1%20.8%5.4%2.84n/a
Encompass Health Corp. EHC$12.0 billion19.7923.9%18.0%9.5%1.010.6%
Davita Inc. DVA$11.6 billion14.87n/a15.2%6.4%n/an/a
BrightSpring Health Services, Inc. BTSG$11.5 billionn/an/an/an/a1.07n/a
Universal Health Services Inc. UHS$10.6 billion7.2220.3%11.4%10.0%0.650.5%
Ensign Group, Inc. ENSG$9.9 billion25.2115.6%9.0%17.5%0.080.2%
Caris Life Sciences, Inc. CAI$9.5 billion93.5617.8%15.5%n/a0.66n/a
Pacs Group, Inc. PACS$7.6 billion28.6324.2%7.4%16.6%0.220.5%
Grail, Inc. GRAL$6.7 billionn/a-15.4%-338.4%23.1%0.00n/a
Chemed Corp. CHE$6.7 billion25.5833.1%13.5%3.3%0.170.5%
Hims & Hers Health, Inc. HIMS$6.5 billionn/a-43.8%-6.0%28.0%4.21n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.4624.6%n/a8.1%3.21n/a
Concentra Group Holdings Parent, Inc. CON$5.1 billion25.8241.7%16.4%14.0%3.300.6%
LifeStance Health Group, Inc. LFST$5.0 billion100.923.4%4.9%20.4%0.19n/a
Option Care Health, Inc. OPCH$4.7 billion23.5316.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$4.1 billion35.768.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.6 billion34.0926.1%23.6%34.4%0.00n/a
National Healthcare Corp. NHC$3.3 billion23.8612.5%9.3%6.9%0.001.2%
Surgery Partners, Inc. SGRY$3.1 billionn/a-5.3%11.4%4.0%2.25n/a
Aveanna Healthcare Holdings, Inc. AVAH$2.8 billion10.3395.6%10.5%19.5%4.52n/a
Privia Health Group, Inc. PRVA$2.8 billion103.983.6%1.9%24.1%0.00n/a
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Pediatrix Medical Group, Inc. MD$2.3 billion13.8019.8%11.0%0.5%0.66n/a
Fortrea Holdings Inc. FTRE$2.3 billionn/a-16.3%-0.4%-2.1%2.01n/a
Brookdale Senior Living Inc. BKD$2.3 billionn/an/a3.5%-4.4%n/a0.0%
Addus HomeCare Corp. ADUS$2.3 billion21.279.2%10.0%15.9%0.05n/a
Progyny, Inc. PGNY$2.1 billion30.1417.3%8.6%5.5%0.00n/a
GeneDx Holdings Corp. WGS$1.9 billionn/a-43.5%-20.3%25.4%0.41n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
Ardent Health, Inc. ARDT$1.7 billion21.535.8%3.2%3.3%0.82n/a
Healthcare Services Group Inc. HCSG$1.6 billion16.3519.7%n/a4.0%0.003.5%
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
agilon health, Inc. AGL$1.5 billion27.83-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion98.927.2%9.4%11.3%0.492.1%
AdaptHealth Corp. AHCO$797 millionn/a-16.6%-4.5%-0.4%1.37n/a
2 companies share its SEC industry code (Services-Skilled Nursing Care Facilities); the rest are the names nearest in size in its wider industry, Healthcare, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 202519 November 2025EDGAR
10-Q30 June 202519 November 2025EDGAR
10-Q31 March 202519 November 2025EDGAR
10-K31 December 202419 November 2025EDGAR
10-Q30 September 202419 November 2025EDGAR
10-Q30 June 202412 August 2024EDGAR
10-Q/A31 March 202421 May 2024EDGAR