A Business at a Glance
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Business Overview We are a leading post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities. Founded in 2013, we are one of the largest skilled nursing providers in the United States based on number of facilities. We also provide senior care, assisted living, and independent living options in some of our communities. In total, we operate 321 post-acute care facilities across 17 states serving over 31,700 patients daily. Our significant historical growth has been primarily driven by our expertise in acquiring underperforming long-term custodial care skilled nursing facilities and transforming them into higher acuity, high value-add short-term transitional care skilled nursing facilities.
| Metric | TTM | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Revenue | 5.3B | 5.3B | 4.1B | 3.1B |
| Net Income | 192M | 192M | 56M | 113M |
| EPS | $1.22 | $1.22 | $0.38 | $0.88 |
| Free Cash Flow | 299M | 299M | 301M | 61M |
| ROIC | 20.8% | 28.1% | 10.9% | 83.5% |
| Gross Margin | 15.3% | 15.3% | 13.5% | 15.1% |
| Debt/Equity | 0.27 | 0.27 | 0.40 | 2.39 |
| Dividends/Share | $0.00 | $0.22 | $0.22 | $0.63 |
| Operating Income | 310M | 310M | 123M | 208M |
| Operating Margin | 5.9% | 5.9% | 3.0% | 6.7% |
| ROE | 20.2% | 23.1% | 7.9% | 117.4% |
| Shares Outstanding | 157M | 157M | 147M | 128M |
| Metric | 2023 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 3.1B | 4.1B | 5.3B | 5.3B |
| Gross Margin | 15.1% | 13.5% | 15.3% | 15.3% |
| R&D | N/A | N/A | N/A | N/A |
| SG&A | 214M | 344M | 415M | 415M |
| EBIT | 208M | 123M | 310M | 310M |
| Op. Margin | 6.7% | 3.0% | 5.9% | 5.9% |
| Net Income | 113M | 56M | 192M | 192M |
| Net Margin | 3.6% | 1.4% | 3.6% | 3.6% |
| Non-Recurring | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||
| ROIC | 83.5% | 10.9% | 28.1% | 20.8% |
| ROE | 117.4% | 7.9% | 23.1% | 20.2% |
| ROA | 3.2% | 1.1% | 3.5% | 3.4% |
| Cash Flow | ||||
| Op. Cash Flow | 64M | 367M | 404M | 404M |
| Free Cash Flow | 61M | 301M | 299M | 299M |
| Owner Earnings | 64M | 211M | 294M | 294M |
| CapEx | 3.0M | 66M | 105M | 105M |
| Maint. CapEx | 0 | 41M | 56M | 56M |
| Growth CapEx | N/A | 26M | 50M | 50M |
| D&A | 0 | 41M | 56M | 56M |
| CapEx/OCF | N/A | 1.0% | 1.5% | 26.1% |
| Capital Allocation | ||||
| Dividends Paid | 80M | 34M | 0 | 0 |
| Dividend Yield | N/A | 0.8% | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 116M | 54M | 54M |
| Debt Repayment | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||
| Net Debt | 83M | -35M | -140M | 57M |
| Cash & Equiv. | 73M | 158M | 197M | 197M |
| Long-Term Debt | 196M | 251M | 245M | 245M |
| Debt/Equity | 2.39 | 0.40 | 0.27 | 0.27 |
| Interest Coverage | 4.2 | 2.8 | 10.9 | 10.9 |
| Equity | 96M | 710M | 947M | 947M |
| Total Assets | 3.5B | 5.2B | 5.6B | 5.6B |
| Total Liabilities | 3.4B | 4.5B | 4.6B | 4.6B |
| Intangibles | 0 | 0 | 0 | 0 |
| Retained Earnings | 96M | 118M | 310M | 310M |
| Working Capital | 265M | -40M | 68M | 68M |
| Current Assets | 722M | 938M | 1.1B | 1.1B |
| Current Liabilities | 457M | 978M | 1.0B | 1.0B |
| Per Share Data | ||||
| EPS | 0.88 | 0.38 | 1.22 | 1.22 |
| Owner EPS | 0.50 | 1.44 | 1.88 | 1.88 |
| Book Value | 0.75 | 4.84 | 6.03 | 6.03 |
| Cash Flow/Share | 0.50 | 2.50 | 2.57 | 1.57 |
| Dividends/Share | 0.63 | 0.22 | 0.22 | 0.00 |
| Shares Out. | 128.3M | 146.7M | 157.0M | 157.0M |
| Valuation | ||||
| P/E Ratio | N/A | 34.2 | 31.2 | 27.8 |
| P/FCF | N/A | 6.3 | 20.0 | 17.8 |
| EV/EBIT | N/A | 15.2 | 18.9 | 17.4 |
| Price/Book | N/A | 2.7 | 6.3 | 5.6 |
| Price/Sales | N/A | 1.1 | 0.4 | 1.0 |
| FCF Yield | N/A | 15.8% | 5.0% | 5.6% |
| Market Cap | N/A | 1.9B | 6.0B | 5.3B |
| Avg. Price | N/A | 30.06 | 14.04 | 33.89 |
| Year-End Price | N/A | 13.01 | 38.11 | 33.89 |
PACS Group, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
PACS Group, Inc. trades at 27.8x trailing earnings, compared to its 15-year median P/E of 32.7x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 13.4x vs a median of 13.2x. The company's 5-year average ROIC is 40.8% with a gross margin of 14.6%. Total shareholder yield (dividends) is 0.6%. At current prices, the estimated annualized return to fair value is +33.1%.
PACS Group, Inc. (PACS) has a current P/E ratio of 27.8, compared to its historical median P/E of 32.7. The stock is currently considered Cheap based on its historical valuation range.
PACS Group, Inc. (PACS) has a 5-year average return on invested capital (ROIC) of 40.8%. This indicates strong capital allocation and a potential competitive advantage.
PACS Group, Inc. (PACS) has a market capitalization of $5.3B. It is classified as a mid-cap stock.
Yes, PACS Group, Inc. (PACS) pays a dividend with a trailing twelve-month yield of 0.64%.
Based on historical P/E analysis, PACS Group, Inc. (PACS) appears cheap. The current P/E of 27.8 is 15% below its historical median of 32.7. The estimated fair value CAGR (P/E method) is 2.9%.
PACS Group, Inc. (PACS) operates in the Services-Skilled Nursing Care Facilities industry, within the Healthcare sector.
PACS Group, Inc. (PACS) reported annual revenue of $5.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
PACS Group, Inc. (PACS) has a net profit margin of 3.6%. This is a modest margin.
PACS Group, Inc. (PACS) generated $299 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
PACS Group, Inc. (PACS) has a debt-to-equity ratio of 0.27. This indicates a conservatively financed balance sheet.
PACS Group, Inc. (PACS) reported earnings per share (EPS) of $1.22 in its most recent fiscal year.
PACS Group, Inc. (PACS) has a return on equity (ROE) of 23.1%. This indicates the company generates strong returns for shareholders.
PACS Group, Inc. (PACS) has a 5-year average gross margin of 14.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 3 years of financial data for PACS Group, Inc. (PACS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
PACS Group, Inc. (PACS) has a book value per share of $6.03, based on its most recent annual SEC filing.