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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
AMN HEALTHCARE SERVICES INC is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× PACS Group, Inc.). AMN HEALTHCARE SERVICES INC runs the higher net margin — 4.5% vs 4.4%, a 0.1% gap on every dollar of revenue. On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (100.0% vs 18.4%). Over the past eight quarters, AMN HEALTHCARE SERVICES INC's revenue compounded faster (36.4% CAGR vs 20.5%).
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.
AMN vs PACS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $62.2M | $59.7M |
| Gross Margin | 26.8% | — |
| Operating Margin | 8.5% | 7.0% |
| Net Margin | 4.5% | 4.4% |
| Revenue YoY | 100.0% | 18.4% |
| Net Profit YoY | — | 3022.5% |
| EPS (diluted) | $1.59 | $0.42 |
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 | $1.4B | — | ||
| Q4 25 | $748.2M | $1.4B | ||
| Q3 25 | $634.5M | $1.3B | ||
| Q2 25 | $658.2M | $1.3B | ||
| Q1 25 | $689.5M | $1.3B | ||
| Q4 24 | $734.7M | $1.1B | ||
| Q3 24 | $687.5M | $1.0B | ||
| Q2 24 | $740.7M | $981.4M |
| Q1 26 | $62.2M | — | ||
| Q4 25 | $-7.7M | $59.7M | ||
| Q3 25 | $29.3M | $52.4M | ||
| Q2 25 | $-116.2M | $51.0M | ||
| Q1 25 | $-1.1M | $28.5M | ||
| Q4 24 | $-187.5M | $1.9M | ||
| Q3 24 | $7.0M | $15.6M | ||
| Q2 24 | $16.2M | $-10.9M |
| Q1 26 | 26.8% | — | ||
| Q4 25 | 26.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 29.8% | — | ||
| Q1 25 | 28.7% | — | ||
| Q4 24 | 29.8% | — | ||
| Q3 24 | 31.0% | 17.1% | ||
| Q2 24 | 31.0% | 22.3% |
| Q1 26 | 8.5% | — | ||
| Q4 25 | 1.1% | 7.0% | ||
| Q3 25 | 7.5% | 6.4% | ||
| Q2 25 | -18.8% | 6.2% | ||
| Q1 25 | 1.8% | 3.8% | ||
| Q4 24 | -27.6% | 1.7% | ||
| Q3 24 | 3.2% | 2.2% | ||
| Q2 24 | 5.1% | 0.1% |
| Q1 26 | 4.5% | — | ||
| Q4 25 | -1.0% | 4.4% | ||
| Q3 25 | 4.6% | 3.9% | ||
| Q2 25 | -17.7% | 3.9% | ||
| Q1 25 | -0.2% | 2.2% | ||
| Q4 24 | -25.5% | 0.2% | ||
| Q3 24 | 1.0% | 1.5% | ||
| Q2 24 | 2.2% | -1.1% |
| Q1 26 | $1.59 | — | ||
| Q4 25 | $-0.19 | $0.42 | ||
| Q3 25 | $0.76 | $0.32 | ||
| Q2 25 | $-3.02 | $0.31 | ||
| Q1 25 | $-0.03 | $0.17 | ||
| Q4 24 | $-4.90 | $-0.03 | ||
| Q3 24 | $0.18 | $0.10 | ||
| Q2 24 | $0.42 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $560.7M | $197.0M |
| Total DebtLower is stronger | — | $353.2M |
| Stockholders' EquityBook value | — | $946.8M |
| Total Assets | $2.6B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $560.7M | — | ||
| Q4 25 | $34.0M | $197.0M | ||
| Q3 25 | $52.6M | $355.7M | ||
| Q2 25 | $41.5M | $294.2M | ||
| Q1 25 | $55.8M | $287.5M | ||
| Q4 24 | $10.6M | $157.7M | ||
| Q3 24 | $30.6M | $49.5M | ||
| Q2 24 | $48.0M | $73.4M |
| Q1 26 | — | — | ||
| Q4 25 | $767.1M | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $642.1M | $946.8M | ||
| Q3 25 | $644.4M | $871.3M | ||
| Q2 25 | $607.6M | $806.8M | ||
| Q1 25 | $715.1M | $750.2M | ||
| Q4 24 | $706.6M | $709.6M | ||
| Q3 24 | $890.7M | $660.0M | ||
| Q2 24 | $876.9M | $572.1M |
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | $2.1B | $5.6B | ||
| Q2 25 | $2.2B | $5.5B | ||
| Q1 25 | $2.4B | $5.5B | ||
| Q4 24 | $2.4B | $5.2B | ||
| Q3 24 | $2.7B | $4.5B | ||
| Q2 24 | $2.8B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | 1.19× | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.49× | 0.58× | ||
| 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 | $562.5M | $-3.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 9.04× | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $562.5M | — | ||
| Q4 25 | $75.6M | $-3.4M | ||
| Q3 25 | $22.7M | $204.8M | ||
| Q2 25 | $78.5M | $52.6M | ||
| Q1 25 | $92.7M | $150.2M | ||
| Q4 24 | $72.8M | $64.6M | ||
| Q3 24 | $66.7M | $209.2M | ||
| Q2 24 | $99.5M | $34.8M |
| Q1 26 | — | — | ||
| Q4 25 | $67.6M | — | ||
| Q3 25 | $14.8M | — | ||
| Q2 25 | $68.7M | — | ||
| Q1 25 | $82.7M | — | ||
| Q4 24 | $56.6M | — | ||
| Q3 24 | $47.4M | — | ||
| Q2 24 | $72.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 9.0% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 12.0% | — | ||
| Q4 24 | 7.7% | — | ||
| Q3 24 | 6.9% | — | ||
| Q2 24 | 9.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.7% | — |
| Q1 26 | 9.04× | — | ||
| Q4 25 | — | -0.06× | ||
| Q3 25 | 0.77× | 3.91× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 5.28× | ||
| Q4 24 | — | 33.78× | ||
| Q3 24 | 9.54× | 13.39× | ||
| Q2 24 | 6.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
