SELECT MEDICAL HOLDINGS CORPSEMEarnings & Financial Report
Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.
Revenue
$1.3B
Gross Profit
N/A
Operating Profit
$21.1M
Net Profit
$-16.1M
Gross Margin
N/A
Operating Margin
1.6%
Net Margin
-1.2%
YoY Growth
7.8%
EPS
$-0.12
SELECT MEDICAL HOLDINGS CORP Q4 FY2024 Financial Summary
SELECT MEDICAL HOLDINGS CORP reported revenue of $1.3B (up 7.8% YoY) for Q4 FY2024, with a net profit of $-16.1M (down 134.7% YoY) (-1.2% margin).
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $-16.1M |
| Gross Margin | N/A |
| Operating Margin | 1.6% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
SELECT MEDICAL HOLDINGS CORP Q4 FY2024 revenue of $1.3B breaks down across 3 segments, led by Critical Illness Recovery Hospitals at $600.4M (45.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Critical Illness Recovery Hospitals | $600.4M | 45.7% |
| Health Care Patient Service Non Medicare | $405.1M | 30.9% |
| Outpatient Rehabilitation | $319.6M | 24.3% |
SELECT MEDICAL HOLDINGS CORP Revenue by Segment — Quarterly Trend
SELECT MEDICAL HOLDINGS CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Critical Illness Recovery Hospitals and Health Care Patient Service Non Medicare) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Critical Illness Recovery Hospitals | — | $629.7M | — | $601.1M |
| Health Care Patient Service Non Medicare | — | $428.6M | $412.7M | $411.9M |
| Outpatient Rehabilitation | — | — | $325.4M | — |
SELECT MEDICAL HOLDINGS CORP Annual Revenue by Year
SELECT MEDICAL HOLDINGS CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $5.5B |
| 2024 | $5.2B |
| 2023 | $4.8B |
| 2022 | $4.6B |
SELECT MEDICAL HOLDINGS CORP Quarterly Revenue & Net Profit History
SELECT MEDICAL HOLDINGS CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.4B | +5.0% | $63.8M | 4.5% |
| Q4 FY2025 | $1.4B | +6.4% | $20.2M | 1.4% |
| Q3 FY2025 | $1.4B | +7.2% | $28.8M | 2.1% |
| Q2 FY2025 | $1.3B | +4.5% | $40.6M | 3.0% |
| Q1 FY2025 | $1.4B | +2.4% | $56.7M | 4.2% |
| Q4 FY2024 | $1.3B | +7.8% | $-16.1M | -1.2% |
| Q3 FY2024 | $1.3B | +6.7% | $55.6M | 4.4% |
| Q2 FY2024 | $1.3B | +6.2% | $77.6M | 6.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.27B | $1.31B | $1.35B | $1.34B | $1.36B | $1.40B | $1.42B |
| YoY Growth | 6.2% | 6.7% | 7.8% | 2.4% | 4.5% | 7.2% | 6.4% | 5.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.88B | $8.00B | $5.61B | $5.70B | $5.74B | $5.69B | $5.85B | $6.04B |
| Liabilities | $6.14B | $5.70B | $3.61B | $3.65B | $3.74B | $3.67B | $3.82B | $3.94B |
| Equity | $1.42B | $1.92B | $1.68B | $1.72B | $1.67B | $1.69B | $1.71B | $2.08B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $278.2M | $181.0M | $125.4M | $-3.5M | $110.3M | $175.3M | $64.3M |