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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and ESAB Corp (ESAB). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($748.2M vs $745.6M, roughly 1.0× ESAB Corp). ESAB Corp runs the higher net margin — 6.6% vs -1.0%, a 7.6% gap on every dollar of revenue. On growth, ESAB Corp posted the faster year-over-year revenue change (9.9% vs 1.8%). Over the past eight quarters, ESAB Corp's revenue compounded faster (4.0% 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.
ESAB, Elektriska Svetsnings-Aktiebolaget, is an American-Swedish industrial company.
AMN vs ESAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $745.6M |
| Net Profit | $-7.7M | $49.2M |
| Gross Margin | 26.1% | 36.9% |
| Operating Margin | 1.1% | 12.1% |
| Net Margin | -1.0% | 6.6% |
| Revenue YoY | 1.8% | 9.9% |
| Net Profit YoY | 95.9% | -29.3% |
| EPS (diluted) | $-0.19 | $0.78 |
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 | — | $745.6M | ||
| Q4 25 | $748.2M | $727.8M | ||
| Q3 25 | $634.5M | $715.6M | ||
| Q2 25 | $658.2M | $678.1M | ||
| Q1 25 | $689.5M | — | ||
| Q4 24 | $734.7M | $670.8M | ||
| Q3 24 | $687.5M | $673.3M | ||
| Q2 24 | $740.7M | $707.1M |
| Q1 26 | — | $49.2M | ||
| Q4 25 | $-7.7M | $54.8M | ||
| Q3 25 | $29.3M | $66.9M | ||
| Q2 25 | $-116.2M | $67.4M | ||
| Q1 25 | $-1.1M | — | ||
| Q4 24 | $-187.5M | $53.7M | ||
| Q3 24 | $7.0M | $68.2M | ||
| Q2 24 | $16.2M | $82.9M |
| Q1 26 | — | 36.9% | ||
| Q4 25 | 26.1% | 37.0% | ||
| Q3 25 | 29.1% | 37.2% | ||
| Q2 25 | 29.8% | 37.6% | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 29.8% | 38.5% | ||
| Q3 24 | 31.0% | 37.7% | ||
| Q2 24 | 31.0% | 38.2% |
| Q1 26 | — | 12.1% | ||
| Q4 25 | 1.1% | 14.6% | ||
| Q3 25 | 7.5% | 15.2% | ||
| Q2 25 | -18.8% | 16.2% | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | -27.6% | 16.6% | ||
| Q3 24 | 3.2% | 15.7% | ||
| Q2 24 | 5.1% | 16.9% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | -1.0% | 7.5% | ||
| Q3 25 | 4.6% | 9.3% | ||
| Q2 25 | -17.7% | 9.9% | ||
| Q1 25 | -0.2% | — | ||
| Q4 24 | -25.5% | 8.0% | ||
| Q3 24 | 1.0% | 10.1% | ||
| Q2 24 | 2.2% | 11.7% |
| Q1 26 | — | $0.78 | ||
| Q4 25 | $-0.19 | $0.90 | ||
| Q3 25 | $0.76 | $1.09 | ||
| Q2 25 | $-3.02 | $1.10 | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-4.90 | $0.87 | ||
| Q3 24 | $0.18 | $1.11 | ||
| Q2 24 | $0.42 | $1.35 |
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 | $1.0B |
| Total DebtLower is stronger | $767.1M | $2.0B |
| Stockholders' EquityBook value | $642.1M | $2.2B |
| Total Assets | $2.1B | $5.6B |
| Debt / EquityLower = less leverage | 1.19× | 0.91× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $34.0M | $218.2M | ||
| Q3 25 | $52.6M | $258.2M | ||
| Q2 25 | $41.5M | $291.3M | ||
| Q1 25 | $55.8M | — | ||
| Q4 24 | $10.6M | $249.4M | ||
| Q3 24 | $30.6M | $253.7M | ||
| Q2 24 | $48.0M | $228.5M |
| Q1 26 | — | $2.0B | ||
| Q4 25 | $767.1M | $1.3B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $642.1M | $2.1B | ||
| Q3 25 | $644.4M | $2.1B | ||
| Q2 25 | $607.6M | $1.9B | ||
| Q1 25 | $715.1M | — | ||
| Q4 24 | $706.6M | $1.8B | ||
| Q3 24 | $890.7M | $1.8B | ||
| Q2 24 | $876.9M | $1.7B |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $2.1B | $4.9B | ||
| Q3 25 | $2.1B | $4.4B | ||
| Q2 25 | $2.2B | $4.2B | ||
| Q1 25 | $2.4B | — | ||
| Q4 24 | $2.4B | $4.0B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $2.8B | $4.0B |
| Q1 26 | — | 0.91× | ||
| Q4 25 | 1.19× | 0.63× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.55× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | 0.60× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.63× |
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 | $46.9M |
| Free Cash FlowOCF − Capex | $67.6M | — |
| FCF MarginFCF / Revenue | 9.0% | — |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | 0.95× |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $46.9M | ||
| Q4 25 | $75.6M | $81.5M | ||
| Q3 25 | $22.7M | $46.6M | ||
| Q2 25 | $78.5M | $35.4M | ||
| Q1 25 | $92.7M | — | ||
| Q4 24 | $72.8M | $126.9M | ||
| Q3 24 | $66.7M | $101.0M | ||
| Q2 24 | $99.5M | $83.0M |
| Q1 26 | — | — | ||
| Q4 25 | $67.6M | $70.3M | ||
| Q3 25 | $14.8M | $37.4M | ||
| Q2 25 | $68.7M | $28.1M | ||
| Q1 25 | $82.7M | — | ||
| Q4 24 | $56.6M | $102.2M | ||
| Q3 24 | $47.4M | $90.4M | ||
| Q2 24 | $72.2M | $74.0M |
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | 9.7% | ||
| Q3 25 | 2.3% | 5.2% | ||
| Q2 25 | 10.4% | 4.1% | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 7.7% | 15.2% | ||
| Q3 24 | 6.9% | 13.4% | ||
| Q2 24 | 9.8% | 10.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 1.5% | ||
| Q3 25 | 1.2% | 1.3% | ||
| Q2 25 | 1.5% | 1.1% | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 2.2% | 3.7% | ||
| Q3 24 | 2.8% | 1.6% | ||
| Q2 24 | 3.7% | 1.3% |
| Q1 26 | — | 0.95× | ||
| Q4 25 | — | 1.49× | ||
| Q3 25 | 0.77× | 0.70× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.36× | ||
| Q3 24 | 9.54× | 1.48× | ||
| Q2 24 | 6.13× | 1.00× |
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% |
ESAB
Segment breakdown not available.
