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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and PEGASYSTEMS INC (PEGA). 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 $430.0M, roughly 1.7× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -1.0%, a 8.6% gap on every dollar of revenue. On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (1.8% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $67.6M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% 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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
AMN vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $748.2M | $430.0M |
| Net Profit | $-7.7M | $32.8M |
| Gross Margin | 26.1% | 75.2% |
| Operating Margin | 1.1% | 8.6% |
| Net Margin | -1.0% | 7.6% |
| Revenue YoY | 1.8% | -9.6% |
| Net Profit YoY | 95.9% | — |
| EPS (diluted) | $-0.19 | $0.18 |
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 | — | $430.0M | ||
| Q4 25 | $748.2M | $504.3M | ||
| Q3 25 | $634.5M | $381.4M | ||
| Q2 25 | $658.2M | $384.5M | ||
| Q1 25 | $689.5M | $475.6M | ||
| Q4 24 | $734.7M | $490.8M | ||
| Q3 24 | $687.5M | $325.1M | ||
| Q2 24 | $740.7M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-7.7M | $234.6M | ||
| Q3 25 | $29.3M | $43.4M | ||
| Q2 25 | $-116.2M | $30.1M | ||
| Q1 25 | $-1.1M | $85.4M | ||
| Q4 24 | $-187.5M | $119.1M | ||
| Q3 24 | $7.0M | $-14.4M | ||
| Q2 24 | $16.2M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 26.1% | 79.5% | ||
| Q3 25 | 29.1% | 72.2% | ||
| Q2 25 | 29.8% | 71.5% | ||
| Q1 25 | 28.7% | 78.5% | ||
| Q4 24 | 29.8% | 79.1% | ||
| Q3 24 | 31.0% | 70.2% | ||
| Q2 24 | 31.0% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 1.1% | 20.7% | ||
| Q3 25 | 7.5% | 3.8% | ||
| Q2 25 | -18.8% | 4.5% | ||
| Q1 25 | 1.8% | 26.7% | ||
| Q4 24 | -27.6% | 29.1% | ||
| Q3 24 | 3.2% | -3.6% | ||
| Q2 24 | 5.1% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -1.0% | 46.5% | ||
| Q3 25 | 4.6% | 11.4% | ||
| Q2 25 | -17.7% | 7.8% | ||
| Q1 25 | -0.2% | 18.0% | ||
| Q4 24 | -25.5% | 24.3% | ||
| Q3 24 | 1.0% | -4.4% | ||
| Q2 24 | 2.2% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.19 | $0.81 | ||
| Q3 25 | $0.76 | $0.24 | ||
| Q2 25 | $-3.02 | $0.17 | ||
| Q1 25 | $-0.03 | $0.91 | ||
| Q4 24 | $-4.90 | $1.35 | ||
| Q3 24 | $0.18 | $-0.17 | ||
| 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 | $34.0M | $270.0M |
| Total DebtLower is stronger | $767.1M | — |
| Stockholders' EquityBook value | $642.1M | $705.9M |
| Total Assets | $2.1B | $1.6B |
| Debt / EquityLower = less leverage | 1.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $34.0M | $425.8M | ||
| Q3 25 | $52.6M | $351.4M | ||
| Q2 25 | $41.5M | $411.6M | ||
| Q1 25 | $55.8M | $371.7M | ||
| Q4 24 | $10.6M | $740.0M | ||
| Q3 24 | $30.6M | $703.0M | ||
| Q2 24 | $48.0M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $767.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $642.1M | $787.4M | ||
| Q3 25 | $644.4M | $596.8M | ||
| Q2 25 | $607.6M | $624.5M | ||
| Q1 25 | $715.1M | $611.3M | ||
| Q4 24 | $706.6M | $585.5M | ||
| Q3 24 | $890.7M | $473.0M | ||
| Q2 24 | $876.9M | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.4B | $1.3B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.7B | $1.6B | ||
| Q2 24 | $2.8B | $1.5B |
| 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 | $206.5M |
| FCF MarginFCF / Revenue | 9.0% | 48.0% |
| Capex IntensityCapex / Revenue | 1.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $233.8M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.6M | $158.4M | ||
| Q3 25 | $22.7M | $56.3M | ||
| Q2 25 | $78.5M | $86.3M | ||
| Q1 25 | $92.7M | $204.2M | ||
| Q4 24 | $72.8M | $95.2M | ||
| Q3 24 | $66.7M | $30.5M | ||
| Q2 24 | $99.5M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $67.6M | $152.4M | ||
| Q3 25 | $14.8M | $51.8M | ||
| Q2 25 | $68.7M | $84.1M | ||
| Q1 25 | $82.7M | $202.3M | ||
| Q4 24 | $56.6M | $92.4M | ||
| Q3 24 | $47.4M | $27.4M | ||
| Q2 24 | $72.2M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 9.0% | 30.2% | ||
| Q3 25 | 2.3% | 13.6% | ||
| Q2 25 | 10.4% | 21.9% | ||
| Q1 25 | 12.0% | 42.5% | ||
| Q4 24 | 7.7% | 18.8% | ||
| Q3 24 | 6.9% | 8.4% | ||
| Q2 24 | 9.8% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.1% | 1.2% | ||
| Q3 25 | 1.2% | 1.2% | ||
| Q2 25 | 1.5% | 0.6% | ||
| Q1 25 | 1.4% | 0.4% | ||
| Q4 24 | 2.2% | 0.6% | ||
| Q3 24 | 2.8% | 0.9% | ||
| Q2 24 | 3.7% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | 0.77× | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | 9.54× | — | ||
| Q2 24 | 6.13× | 6.06× |
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% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
