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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and BXP, Inc. (BXP). Click either name above to swap in a different company.
BXP, Inc. is the larger business by last-quarter revenue ($872.1M vs $748.2M, roughly 1.2× AMN HEALTHCARE SERVICES INC). BXP, Inc. runs the higher net margin — 15.3% vs -1.0%, a 16.3% gap on every dollar of revenue. On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (1.8% vs 0.8%). Over the past eight quarters, BXP, Inc.'s revenue compounded faster (1.3% CAGR vs -4.5%).
AMN Healthcare Services Inc. is a leading US healthcare sector workforce solutions and staffing provider. It offers temporary and permanent placement for nurses, physicians, allied health and other clinical/non-clinical staff, plus workforce management tools and consulting for hospitals, clinics and other medical facilities.
BXP Inc., operating as Boston Properties, is a leading U.S. real estate investment trust focused on owning, managing and developing high-quality Class A commercial office properties across major U.S. metro markets, serving diverse corporate, tech and professional service tenants.
AMN vs BXP — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $872.1M |
| Net Profit | $-7.7M | $133.0M |
| Gross Margin | 26.1% | — |
| Operating Margin | 1.1% | — |
| Net Margin | -1.0% | 15.3% |
| Revenue YoY | 1.8% | 0.8% |
| Net Profit YoY | 95.9% | 53.0% |
| EPS (diluted) | $-0.19 | $1.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $872.1M | ||
| Q4 25 | $748.2M | $877.1M | ||
| Q3 25 | $634.5M | $871.5M | ||
| Q2 25 | $658.2M | $868.5M | ||
| Q1 25 | $689.5M | $865.2M | ||
| Q4 24 | $734.7M | $858.6M | ||
| Q3 24 | $687.5M | $859.2M | ||
| Q2 24 | $740.7M | $850.5M |
| Q1 26 | — | $133.0M | ||
| Q4 25 | $-7.7M | $248.4M | ||
| Q3 25 | $29.3M | $-121.7M | ||
| Q2 25 | $-116.2M | $89.0M | ||
| Q1 25 | $-1.1M | $61.2M | ||
| Q4 24 | $-187.5M | $-228.9M | ||
| Q3 24 | $7.0M | $83.6M | ||
| Q2 24 | $16.2M | $79.6M |
| Q1 26 | — | — | ||
| Q4 25 | 26.1% | 58.8% | ||
| Q3 25 | 29.1% | 59.3% | ||
| Q2 25 | 29.8% | 59.2% | ||
| Q1 25 | 28.7% | 59.2% | ||
| Q4 24 | 29.8% | 59.7% | ||
| Q3 24 | 31.0% | 59.5% | ||
| Q2 24 | 31.0% | 59.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 7.5% | — | ||
| Q2 25 | -18.8% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | -27.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 5.1% | — |
| Q1 26 | — | 15.3% | ||
| Q4 25 | -1.0% | 28.3% | ||
| Q3 25 | 4.6% | -14.0% | ||
| Q2 25 | -17.7% | 10.2% | ||
| Q1 25 | -0.2% | 7.1% | ||
| Q4 24 | -25.5% | -26.7% | ||
| Q3 24 | 1.0% | 9.7% | ||
| Q2 24 | 2.2% | 9.4% |
| Q1 26 | — | $1.69 | ||
| Q4 25 | $-0.19 | $1.56 | ||
| Q3 25 | $0.76 | $-0.77 | ||
| Q2 25 | $-3.02 | $0.56 | ||
| Q1 25 | $-0.03 | $0.39 | ||
| Q4 24 | $-4.90 | $-1.46 | ||
| Q3 24 | $0.18 | $0.53 | ||
| Q2 24 | $0.42 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $34.0M | $512.8M |
| Total DebtLower is stronger | $767.1M | — |
| Stockholders' EquityBook value | $642.1M | $7.7B |
| Total Assets | $2.1B | $25.1B |
| Debt / EquityLower = less leverage | 1.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $512.8M | ||
| Q4 25 | $34.0M | $1.5B | ||
| Q3 25 | $52.6M | $861.1M | ||
| Q2 25 | $41.5M | $447.0M | ||
| Q1 25 | $55.8M | $398.1M | ||
| Q4 24 | $10.6M | $1.3B | ||
| Q3 24 | $30.6M | $1.4B | ||
| Q2 24 | $48.0M | $685.4M |
| Q1 26 | — | — | ||
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $7.7B | ||
| Q4 25 | $642.1M | $5.1B | ||
| Q3 25 | $644.4M | $5.0B | ||
| Q2 25 | $607.6M | $5.3B | ||
| Q1 25 | $715.1M | $5.3B | ||
| Q4 24 | $706.6M | $5.4B | ||
| Q3 24 | $890.7M | $5.8B | ||
| Q2 24 | $876.9M | $5.8B |
| Q1 26 | — | $25.1B | ||
| Q4 25 | $2.1B | $26.2B | ||
| Q3 25 | $2.1B | $26.0B | ||
| Q2 25 | $2.2B | $25.6B | ||
| Q1 25 | $2.4B | $25.4B | ||
| Q4 24 | $2.4B | $26.1B | ||
| Q3 24 | $2.7B | $26.4B | ||
| Q2 24 | $2.8B | $25.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $75.6M | — |
| Free Cash FlowOCF − Capex | $67.6M | — |
| FCF MarginFCF / Revenue | 9.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | 1.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.6M | $407.8M | ||
| Q3 25 | $22.7M | $274.2M | ||
| Q2 25 | $78.5M | $353.1M | ||
| Q1 25 | $92.7M | $210.0M | ||
| Q4 24 | $72.8M | $383.7M | ||
| Q3 24 | $66.7M | $286.1M | ||
| Q2 24 | $99.5M | $367.1M |
| Q1 26 | — | — | ||
| Q4 25 | $67.6M | $362.7M | ||
| Q3 25 | $14.8M | $231.6M | ||
| Q2 25 | $68.7M | $281.5M | ||
| Q1 25 | $82.7M | $152.6M | ||
| Q4 24 | $56.6M | $312.5M | ||
| Q3 24 | $47.4M | $234.5M | ||
| Q2 24 | $72.2M | $332.4M |
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 41.4% | ||
| Q3 25 | 2.3% | 26.6% | ||
| Q2 25 | 10.4% | 32.4% | ||
| Q1 25 | 12.0% | 17.6% | ||
| Q4 24 | 7.7% | 36.4% | ||
| Q3 24 | 6.9% | 27.3% | ||
| Q2 24 | 9.8% | 39.1% |
| Q1 26 | — | 1.5% | ||
| Q4 25 | 1.1% | 5.1% | ||
| Q3 25 | 1.2% | 4.9% | ||
| Q2 25 | 1.5% | 8.2% | ||
| Q1 25 | 1.4% | 6.6% | ||
| Q4 24 | 2.2% | 8.3% | ||
| Q3 24 | 2.8% | 6.0% | ||
| Q2 24 | 3.7% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.64× | ||
| Q3 25 | 0.77× | — | ||
| Q2 25 | — | 3.97× | ||
| Q1 25 | — | 3.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | 9.54× | 3.42× | ||
| Q2 24 | 6.13× | 4.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMN
| Travel Nurse Staffing | $208.3M | 28% |
| Allied Staffing | $146.9M | 20% |
| Labor Disruption Services | $124.3M | 17% |
| Technology And Workforce Solutions | $88.0M | 12% |
| Language Services | $69.9M | 9% |
| Other | $29.6M | 4% |
| International Nurse Staffing | $29.6M | 4% |
| Interim Leadership Staffing | $24.1M | 3% |
| Vendor Management Systems | $16.3M | 2% |
| Local Staffing | $8.6M | 1% |
| International Nurse Permanent Placement | $2.6M | 0% |
BXP
| Lease | $818.2M | 94% |
| Parking and other | $30.8M | 4% |
| Development and management services | $9.2M | 1% |
