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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.

MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $1.4B, roughly 1.1× AMN HEALTHCARE SERVICES INC). MERCURY GENERAL CORP runs the higher net margin — 12.4% vs 4.5%, a 7.9% gap on every dollar of revenue. On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (100.0% vs 10.5%). Over the past eight quarters, AMN HEALTHCARE SERVICES INC's revenue compounded faster (36.4% CAGR vs 8.6%).

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.

Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.

AMN vs MCY — Head-to-Head

Bigger by revenue
MCY
MCY
1.1× larger
MCY
$1.5B
$1.4B
AMN
Growing faster (revenue YoY)
AMN
AMN
+89.5% gap
AMN
100.0%
10.5%
MCY
Higher net margin
MCY
MCY
7.9% more per $
MCY
12.4%
4.5%
AMN
Faster 2-yr revenue CAGR
AMN
AMN
Annualised
AMN
36.4%
8.6%
MCY

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AMN
AMN
MCY
MCY
Revenue
$1.4B
$1.5B
Net Profit
$62.2M
$190.4M
Gross Margin
26.8%
Operating Margin
8.5%
Net Margin
4.5%
12.4%
Revenue YoY
100.0%
10.5%
Net Profit YoY
-36.3%
EPS (diluted)
$1.59

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.

Revenue
AMN
AMN
MCY
MCY
Q1 26
$1.4B
$1.5B
Q4 25
$748.2M
$1.5B
Q3 25
$634.5M
$1.6B
Q2 25
$658.2M
$1.5B
Q1 25
$689.5M
$1.4B
Q4 24
$734.7M
$1.4B
Q3 24
$687.5M
$1.5B
Q2 24
$740.7M
$1.3B
Net Profit
AMN
AMN
MCY
MCY
Q1 26
$62.2M
$190.4M
Q4 25
$-7.7M
$202.5M
Q3 25
$29.3M
$280.4M
Q2 25
$-116.2M
$166.5M
Q1 25
$-1.1M
$-108.3M
Q4 24
$-187.5M
$101.1M
Q3 24
$7.0M
$230.9M
Q2 24
$16.2M
$62.6M
Gross Margin
AMN
AMN
MCY
MCY
Q1 26
26.8%
Q4 25
26.1%
99.7%
Q3 25
29.1%
99.8%
Q2 25
29.8%
99.8%
Q1 25
28.7%
99.7%
Q4 24
29.8%
99.7%
Q3 24
31.0%
99.8%
Q2 24
31.0%
99.8%
Operating Margin
AMN
AMN
MCY
MCY
Q1 26
8.5%
Q4 25
1.1%
16.2%
Q3 25
7.5%
22.1%
Q2 25
-18.8%
14.0%
Q1 25
1.8%
-10.2%
Q4 24
-27.6%
9.0%
Q3 24
3.2%
18.8%
Q2 24
5.1%
5.8%
Net Margin
AMN
AMN
MCY
MCY
Q1 26
4.5%
12.4%
Q4 25
-1.0%
13.2%
Q3 25
4.6%
17.7%
Q2 25
-17.7%
11.3%
Q1 25
-0.2%
-7.8%
Q4 24
-25.5%
7.4%
Q3 24
1.0%
15.1%
Q2 24
2.2%
4.8%
EPS (diluted)
AMN
AMN
MCY
MCY
Q1 26
$1.59
Q4 25
$-0.19
$3.66
Q3 25
$0.76
$5.06
Q2 25
$-3.02
$3.01
Q1 25
$-0.03
$-1.96
Q4 24
$-4.90
$1.82
Q3 24
$0.18
$4.17
Q2 24
$0.42
$1.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMN
AMN
MCY
MCY
Cash + ST InvestmentsLiquidity on hand
$560.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.6B
Total Assets
$2.6B
$9.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMN
AMN
MCY
MCY
Q1 26
$560.7M
Q4 25
$34.0M
Q3 25
$52.6M
Q2 25
$41.5M
Q1 25
$55.8M
Q4 24
$10.6M
Q3 24
$30.6M
Q2 24
$48.0M
Total Debt
AMN
AMN
MCY
MCY
Q1 26
Q4 25
$767.1M
$575.0M
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
$575.0M
Q3 24
Q2 24
Stockholders' Equity
AMN
AMN
MCY
MCY
Q1 26
$2.6B
Q4 25
$642.1M
$2.4B
Q3 25
$644.4M
$2.2B
Q2 25
$607.6M
$2.0B
Q1 25
$715.1M
$1.8B
Q4 24
$706.6M
$1.9B
Q3 24
$890.7M
$1.9B
Q2 24
$876.9M
$1.6B
Total Assets
AMN
AMN
MCY
MCY
Q1 26
$2.6B
$9.9B
Q4 25
$2.1B
$9.6B
Q3 25
$2.1B
$9.4B
Q2 25
$2.2B
$9.1B
Q1 25
$2.4B
$9.0B
Q4 24
$2.4B
$8.3B
Q3 24
$2.7B
$8.2B
Q2 24
$2.8B
$7.7B
Debt / Equity
AMN
AMN
MCY
MCY
Q1 26
Q4 25
1.19×
0.24×
Q3 25
Q2 25
Q1 25
Q4 24
1.49×
0.30×
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
AMN
AMN
MCY
MCY
Operating Cash FlowLast quarter
$562.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
9.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMN
AMN
MCY
MCY
Q1 26
$562.5M
Q4 25
$75.6M
$287.9M
Q3 25
$22.7M
$496.4M
Q2 25
$78.5M
$371.6M
Q1 25
$92.7M
$-68.7M
Q4 24
$72.8M
$248.3M
Q3 24
$66.7M
$318.1M
Q2 24
$99.5M
$278.0M
Free Cash Flow
AMN
AMN
MCY
MCY
Q1 26
Q4 25
$67.6M
$273.9M
Q3 25
$14.8M
$479.5M
Q2 25
$68.7M
$357.2M
Q1 25
$82.7M
$-81.9M
Q4 24
$56.6M
$236.0M
Q3 24
$47.4M
$306.2M
Q2 24
$72.2M
$266.5M
FCF Margin
AMN
AMN
MCY
MCY
Q1 26
Q4 25
9.0%
17.8%
Q3 25
2.3%
30.3%
Q2 25
10.4%
24.2%
Q1 25
12.0%
-5.9%
Q4 24
7.7%
17.3%
Q3 24
6.9%
20.0%
Q2 24
9.8%
20.4%
Capex Intensity
AMN
AMN
MCY
MCY
Q1 26
Q4 25
1.1%
0.9%
Q3 25
1.2%
1.1%
Q2 25
1.5%
1.0%
Q1 25
1.4%
0.9%
Q4 24
2.2%
0.9%
Q3 24
2.8%
0.8%
Q2 24
3.7%
0.9%
Cash Conversion
AMN
AMN
MCY
MCY
Q1 26
9.04×
Q4 25
1.42×
Q3 25
0.77×
1.77×
Q2 25
2.23×
Q1 25
Q4 24
2.46×
Q3 24
9.54×
1.38×
Q2 24
6.13×
4.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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