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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and Chefs' Warehouse, Inc. (CHEF). Click either name above to swap in a different company.
Chefs' Warehouse, Inc. is the larger business by last-quarter revenue ($1.1B vs $748.2M, roughly 1.5× AMN HEALTHCARE SERVICES INC). Chefs' Warehouse, Inc. runs the higher net margin — 1.9% vs -1.0%, a 2.9% gap on every dollar of revenue. On growth, Chefs' Warehouse, Inc. posted the faster year-over-year revenue change (10.5% vs 1.8%). AMN HEALTHCARE SERVICES INC produced more free cash flow last quarter ($67.6M vs $65.8M). Over the past eight quarters, Chefs' Warehouse, Inc.'s revenue compounded faster (14.3% 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.
Chefs' Warehouse, Inc. is a leading North American specialty food distributor that primarily serves independent restaurants, fine dining venues, hotels, catering firms, and other foodservice operators. It offers a curated portfolio of over 150,000 products including artisanal ingredients, specialty meats, seafood, dairy, pastries, and imported gourmet goods tailored for professional chefs.
AMN vs CHEF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $1.1B |
| Net Profit | $-7.7M | $21.7M |
| Gross Margin | 26.1% | 24.2% |
| Operating Margin | 1.1% | 3.8% |
| Net Margin | -1.0% | 1.9% |
| Revenue YoY | 1.8% | 10.5% |
| Net Profit YoY | 95.9% | -9.4% |
| EPS (diluted) | $-0.19 | $0.50 |
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.
| Q4 25 | $748.2M | $1.1B | ||
| Q3 25 | $634.5M | $1.0B | ||
| Q2 25 | $658.2M | $1.0B | ||
| Q1 25 | $689.5M | $950.7M | ||
| Q4 24 | $734.7M | $1.0B | ||
| Q3 24 | $687.5M | $931.5M | ||
| Q2 24 | $740.7M | $954.7M | ||
| Q1 24 | $820.9M | $874.5M |
| Q4 25 | $-7.7M | $21.7M | ||
| Q3 25 | $29.3M | $19.1M | ||
| Q2 25 | $-116.2M | $21.2M | ||
| Q1 25 | $-1.1M | $10.3M | ||
| Q4 24 | $-187.5M | $23.9M | ||
| Q3 24 | $7.0M | $14.1M | ||
| Q2 24 | $16.2M | $15.5M | ||
| Q1 24 | $17.3M | $1.9M |
| Q4 25 | 26.1% | 24.2% | ||
| Q3 25 | 29.1% | 24.2% | ||
| Q2 25 | 29.8% | 24.6% | ||
| Q1 25 | 28.7% | 23.8% | ||
| Q4 24 | 29.8% | 24.3% | ||
| Q3 24 | 31.0% | 24.1% | ||
| Q2 24 | 31.0% | 24.0% | ||
| Q1 24 | 31.4% | 23.9% |
| Q4 25 | 1.1% | 3.8% | ||
| Q3 25 | 7.5% | 3.8% | ||
| Q2 25 | -18.8% | 3.9% | ||
| Q1 25 | 1.8% | 2.4% | ||
| Q4 24 | -27.6% | 4.5% | ||
| Q3 24 | 3.2% | 3.4% | ||
| Q2 24 | 5.1% | 3.5% | ||
| Q1 24 | 4.9% | 1.8% |
| Q4 25 | -1.0% | 1.9% | ||
| Q3 25 | 4.6% | 1.9% | ||
| Q2 25 | -17.7% | 2.1% | ||
| Q1 25 | -0.2% | 1.1% | ||
| Q4 24 | -25.5% | 2.3% | ||
| Q3 24 | 1.0% | 1.5% | ||
| Q2 24 | 2.2% | 1.6% | ||
| Q1 24 | 2.1% | 0.2% |
| Q4 25 | $-0.19 | $0.50 | ||
| Q3 25 | $0.76 | $0.44 | ||
| Q2 25 | $-3.02 | $0.49 | ||
| Q1 25 | $-0.03 | $0.25 | ||
| Q4 24 | $-4.90 | $0.56 | ||
| Q3 24 | $0.18 | $0.34 | ||
| Q2 24 | $0.42 | $0.37 | ||
| Q1 24 | $0.45 | $0.05 |
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 | $121.0M |
| Total DebtLower is stronger | $767.1M | $720.3M |
| Stockholders' EquityBook value | $642.1M | $604.3M |
| Total Assets | $2.1B | $2.0B |
| Debt / EquityLower = less leverage | 1.19× | 1.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.0M | $121.0M | ||
| Q3 25 | $52.6M | $65.1M | ||
| Q2 25 | $41.5M | $96.9M | ||
| Q1 25 | $55.8M | $116.5M | ||
| Q4 24 | $10.6M | $114.7M | ||
| Q3 24 | $30.6M | $50.7M | ||
| Q2 24 | $48.0M | $38.3M | ||
| Q1 24 | $50.6M | $42.3M |
| Q4 25 | $767.1M | $720.3M | ||
| Q3 25 | — | $711.7M | ||
| Q2 25 | — | $690.2M | ||
| Q1 25 | — | $681.1M | ||
| Q4 24 | $1.1B | $688.7M | ||
| Q3 24 | — | $666.6M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $667.3M |
| Q4 25 | $642.1M | $604.3M | ||
| Q3 25 | $644.4M | $576.6M | ||
| Q2 25 | $607.6M | $557.7M | ||
| Q1 25 | $715.1M | $541.6M | ||
| Q4 24 | $706.6M | $537.6M | ||
| Q3 24 | $890.7M | $480.3M | ||
| Q2 24 | $876.9M | $461.9M | ||
| Q1 24 | $854.2M | $447.8M |
| Q4 25 | $2.1B | $2.0B | ||
| Q3 25 | $2.1B | $1.9B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.4B | $1.8B | ||
| Q4 24 | $2.4B | $1.9B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.7B | ||
| Q1 24 | $2.9B | $1.7B |
| Q4 25 | 1.19× | 1.19× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.24× | ||
| Q1 25 | — | 1.26× | ||
| Q4 24 | 1.49× | 1.28× | ||
| Q3 24 | — | 1.39× | ||
| Q2 24 | — | 1.43× | ||
| Q1 24 | — | 1.49× |
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 | $73.9M |
| Free Cash FlowOCF − Capex | $67.6M | $65.8M |
| FCF MarginFCF / Revenue | 9.0% | 5.8% |
| Capex IntensityCapex / Revenue | 1.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 3.41× |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | $87.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.6M | $73.9M | ||
| Q3 25 | $22.7M | $-8.7M | ||
| Q2 25 | $78.5M | $14.5M | ||
| Q1 25 | $92.7M | $49.6M | ||
| Q4 24 | $72.8M | $73.0M | ||
| Q3 24 | $66.7M | $19.8M | ||
| Q2 24 | $99.5M | $29.3M | ||
| Q1 24 | $81.4M | $30.9M |
| Q4 25 | $67.6M | $65.8M | ||
| Q3 25 | $14.8M | $-19.7M | ||
| Q2 25 | $68.7M | $4.5M | ||
| Q1 25 | $82.7M | $37.2M | ||
| Q4 24 | $56.6M | $64.6M | ||
| Q3 24 | $47.4M | $11.8M | ||
| Q2 24 | $72.2M | $13.3M | ||
| Q1 24 | $63.2M | $13.8M |
| Q4 25 | 9.0% | 5.8% | ||
| Q3 25 | 2.3% | -1.9% | ||
| Q2 25 | 10.4% | 0.4% | ||
| Q1 25 | 12.0% | 3.9% | ||
| Q4 24 | 7.7% | 6.3% | ||
| Q3 24 | 6.9% | 1.3% | ||
| Q2 24 | 9.8% | 1.4% | ||
| Q1 24 | 7.7% | 1.6% |
| Q4 25 | 1.1% | 0.7% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 1.5% | 1.0% | ||
| Q1 25 | 1.4% | 1.3% | ||
| Q4 24 | 2.2% | 0.8% | ||
| Q3 24 | 2.8% | 0.9% | ||
| Q2 24 | 3.7% | 1.7% | ||
| Q1 24 | 2.2% | 2.0% |
| Q4 25 | — | 3.41× | ||
| Q3 25 | 0.77× | -0.46× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 4.82× | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | 9.54× | 1.41× | ||
| Q2 24 | 6.13× | 1.89× | ||
| Q1 24 | 4.70× | 16.00× |
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% |
CHEF
| Center Of The Plate Product | $459.1M | 40% |
| Dry Goods Product | $175.7M | 15% |
| Pastry Product | $160.5M | 14% |
| Produce | $147.9M | 13% |
| Cheese And Charcuterie Product | $75.3M | 7% |
| Dairy And Eggs Product | $69.2M | 6% |
| Oils And Vinegar Product | $32.4M | 3% |
| Kitchen Supplies Product | $22.4M | 2% |
