Concentra Group Holdings Parent, Inc. CON
We were founded in 1979 and have grown to be the largest provider of occupational health services in the United States by number of locations. Our national presence enables us to provide access to high-quality care that supports our mission to improve the health of America's workforce. As of December 31, 2025, we operated 628 stand-alone occupational health centers in 41 states and 411 onsite health clinics at employer worksites in 44 states. We also have expanded our reach via our telemedicine program serving 43 states and the District of Columbia. In total, we deliver services across 47 states and the District of Columbia. We had approximately 13,000 colleagues and affiliated physicians and clinicians as of December 31, 2025 who supported the delivery of an extensive suite of services, including occupational and consumer health services and other direct-to-employer care to approximately 53,000 patients each business day on average during 2025. Our patients are generally employed by our main customers — employers across the United States.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.16B | $1.90B | $1.84B | $1.72B | — |
| SG&A | $203.3M | $156.3M | $152.0M | $150.0M | — |
| Total operating expenses | $1.83B | $1.60B | $1.55B | $1.47B | — |
| Operating income | $334.0M | $304.8M | $287.6M | $258.5M | — |
| Interest expense | $109.3M | $47.7M | $221.0K | $849.0K | — |
| Pre-tax income | $223.8M | $231.4M | $242.6M | $224.9M | — |
| Income tax | $51.0M | $59.5M | $57.9M | $52.7M | — |
| Net income | $166.4M | $166.5M | $179.9M | $166.7M | — |
| EPS, basic | 1.30 | 1.46 | 1.73 | 1.60 | — |
| EPS, diluted | 1.30 | 1.46 | 1.73 | 1.60 | — |
| Shares, diluted (wtd. avg.) | $128.3M | $114.2M | $104.2M | $103.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $79.9M | $183.3M | $31.4M | $37.7M | $30.9M |
| Receivables | $257.9M | $217.7M | $216.2M | — | — |
| Total current assets | $383.1M | $437.2M | $294.4M | — | — |
| Goodwill | $1.48B | $1.23B | $1.23B | $1.23B | — |
| Other intangibles | $242.6M | $204.7M | $224.8M | — | — |
| Total assets | $2.86B | $2.52B | $2.33B | $2.30B | — |
| Accounts payable | $21.0M | $19.8M | $20.4M | — | — |
| Total current liabilities | $337.2M | $307.2M | $274.6M | — | — |
| Total liabilities | $2.44B | $2.22B | $1.16B | — | — |
| Retained earnings | $146.4M | $13.6M | $685.3M | — | — |
| Total equity | $393.3M | $275.7M | $1.16B | $979.3M | $830.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | $279.4M | $274.7M | $234.3M | $274.3M | — |
| Depreciation and amortisation | $49.9M | $45.0M | $43.0M | $44.5M | — |
| Stock-based compensation | $10.5M | $2.3M | $651.0K | $2.1M | — |
| Capital expenditure | $82.3M | $64.3M | $65.0M | $46.0M | — |
| Investing cash flow | -$414.9M | -$71.3M | -$75.3M | -$57.8M | — |
| Financing cash flow | $32.1M | -$51.5M | -$165.3M | -$209.9M | — |
| Dividends paid | $32.1M | $8.0M | $0 | $0 | — |
| Buybacks | $22.4M | $15.4M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0002014596-26-000029.
Others in SIC 8093
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| ACHC | Acadia Healthcare Company, Inc. | $2.59B | — | 5.0% |