PACS Group, Inc. PACS

Healthcare SIC 8051 - Services-Skilled Nursing Care Facilities NYSE

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. We believe our success is driven in significant part by our locally led, centrally supported operating model, through which we empower local leaders at each facility to operate their facility autonomously and deliver excellence in clinical quality and a superior experience for our patients. We provide our independently operated facilities with a comprehensive suite of technology, support, and back-office services that enable local leadership teams to focus more of their time and effort on providing quality care to patients. We believe our operating model delivers value to all of our healthcare stakeholders, including patients and families, referring providers, payors, and administrators and clinicians.

Last close 42.50 2026-09-04
Market cap $6.73B 2026-06-30 share count
52-week range 7.50 - 49.49

Valuation FY2025 figures against the last close

P/S1.3x
P/E34.8x
P/FCF16.6x
EV/EBITDA21.9x
Dividend yield0.0%
Diluted EPS1.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021
Revenue $5.29B$4.09B$3.11B$2.40B
SG&A $415.1M$343.8M$213.7M$149.0M
Total operating expenses $4.98B$3.97B$2.90B$2.19B
Operating income $309.6M$123.1M$207.8M$229.4M
Interest expense $28.4M$44.3M$49.9M$25.5M
Pre-tax income $284.4M$101.6M$157.3M$207.0M
Income tax $93.0M$46.2M$44.4M$56.5M
Net income $191.5M$55.3M$112.9M$150.5M
EPS, basic 1.230.380.881.17
EPS, diluted 1.220.380.881.17
Shares, diluted (wtd. avg.) $156.7M$148.6M$128.7M$128.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021
Cash and equivalents $197.0M$157.7M$73.4M$98.2M$68.6M
Receivables $628.1M$641.8M$547.8M
Total current assets $1.07B$938.3M$722.1M
Goodwill $61.8M$60.8M$59.0M$55.2M
Total assets $5.58B$5.24B$3.51B
Accounts payable $192.2M$175.1M$140.9M
Short-term debt $4.5M$14.9M$16.8M
Total current liabilities $1.00B$978.4M$456.9M
Long-term debt $244.8M$251.0M$195.7M
Total liabilities $4.63B$4.53B$3.41B
Retained earnings $309.6M$118.0M$96.0M
Total equity $946.8M$709.6M$101.7M$68.7M-$24.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021
Operating cash flow $404.2M$367.3M$63.7M$92.6M
Stock-based compensation $54.1M$115.5M$0$0
Investing cash flow -$264.0M-$442.7M-$172.8M-$75.3M
Financing cash flow -$69.0M$117.5M$129.6M$12.3M
Dividends paid $0$33.7M$80.4M$60.3M

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 0002001184-26-000014.

Others in SIC 8051

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