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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and SM Energy Co (SM). 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 $704.9M, roughly 1.1× SM Energy Co). On growth, AMN HEALTHCARE SERVICES INC posted the faster year-over-year revenue change (1.8% vs -17.3%). Over the past eight quarters, SM Energy Co's revenue compounded faster (12.2% 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.

SM Energy Company is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado.

AMN vs SM — Head-to-Head

Bigger by revenue
AMN
AMN
1.1× larger
AMN
$748.2M
$704.9M
SM
Growing faster (revenue YoY)
AMN
AMN
+19.1% gap
AMN
1.8%
-17.3%
SM
Faster 2-yr revenue CAGR
SM
SM
Annualised
SM
12.2%
-4.5%
AMN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMN
AMN
SM
SM
Revenue
$748.2M
$704.9M
Net Profit
$-7.7M
Gross Margin
26.1%
Operating Margin
1.1%
25.9%
Net Margin
-1.0%
Revenue YoY
1.8%
-17.3%
Net Profit YoY
95.9%
EPS (diluted)
$-0.19
$0.94

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
SM
SM
Q4 25
$748.2M
$704.9M
Q3 25
$634.5M
$811.6M
Q2 25
$658.2M
$792.9M
Q1 25
$689.5M
$844.5M
Q4 24
$734.7M
$852.0M
Q3 24
$687.5M
$643.6M
Q2 24
$740.7M
$634.6M
Q1 24
$820.9M
$559.9M
Net Profit
AMN
AMN
SM
SM
Q4 25
$-7.7M
Q3 25
$29.3M
$155.1M
Q2 25
$-116.2M
$201.7M
Q1 25
$-1.1M
$182.3M
Q4 24
$-187.5M
Q3 24
$7.0M
$240.5M
Q2 24
$16.2M
$210.3M
Q1 24
$17.3M
$131.2M
Gross Margin
AMN
AMN
SM
SM
Q4 25
26.1%
Q3 25
29.1%
Q2 25
29.8%
Q1 25
28.7%
Q4 24
29.8%
Q3 24
31.0%
Q2 24
31.0%
Q1 24
31.4%
Operating Margin
AMN
AMN
SM
SM
Q4 25
1.1%
25.9%
Q3 25
7.5%
30.4%
Q2 25
-18.8%
37.2%
Q1 25
1.8%
32.7%
Q4 24
-27.6%
33.7%
Q3 24
3.2%
51.4%
Q2 24
5.1%
44.0%
Q1 24
4.9%
31.9%
Net Margin
AMN
AMN
SM
SM
Q4 25
-1.0%
Q3 25
4.6%
19.1%
Q2 25
-17.7%
25.4%
Q1 25
-0.2%
21.6%
Q4 24
-25.5%
Q3 24
1.0%
37.4%
Q2 24
2.2%
33.1%
Q1 24
2.1%
23.4%
EPS (diluted)
AMN
AMN
SM
SM
Q4 25
$-0.19
$0.94
Q3 25
$0.76
$1.35
Q2 25
$-3.02
$1.76
Q1 25
$-0.03
$1.59
Q4 24
$-4.90
$1.63
Q3 24
$0.18
$2.09
Q2 24
$0.42
$1.82
Q1 24
$0.45
$1.13

Balance Sheet & Financial Strength

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

Metric
AMN
AMN
SM
SM
Cash + ST InvestmentsLiquidity on hand
$34.0M
$368.0M
Total DebtLower is stronger
$767.1M
Stockholders' EquityBook value
$642.1M
$4.8B
Total Assets
$2.1B
$9.3B
Debt / EquityLower = less leverage
1.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMN
AMN
SM
SM
Q4 25
$34.0M
$368.0M
Q3 25
$52.6M
$162.3M
Q2 25
$41.5M
$101.9M
Q1 25
$55.8M
$54.0K
Q4 24
$10.6M
Q3 24
$30.6M
$1.7B
Q2 24
$48.0M
$487.9M
Q1 24
$50.6M
$506.3M
Total Debt
AMN
AMN
SM
SM
Q4 25
$767.1M
Q3 25
Q2 25
Q1 25
Q4 24
$1.1B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AMN
AMN
SM
SM
Q4 25
$642.1M
$4.8B
Q3 25
$644.4M
$4.7B
Q2 25
$607.6M
$4.6B
Q1 25
$715.1M
$4.4B
Q4 24
$706.6M
$4.2B
Q3 24
$890.7M
$4.1B
Q2 24
$876.9M
$3.8B
Q1 24
$854.2M
$3.7B
Total Assets
AMN
AMN
SM
SM
Q4 25
$2.1B
$9.3B
Q3 25
$2.1B
$9.1B
Q2 25
$2.2B
$9.0B
Q1 25
$2.4B
$8.8B
Q4 24
$2.4B
$8.6B
Q3 24
$2.7B
$8.0B
Q2 24
$2.8B
$6.7B
Q1 24
$2.9B
$6.4B
Debt / Equity
AMN
AMN
SM
SM
Q4 25
1.19×
Q3 25
Q2 25
Q1 25
Q4 24
1.49×
Q3 24
Q2 24
Q1 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
SM
SM
Operating Cash FlowLast quarter
$75.6M
$451.9M
Free Cash FlowOCF − Capex
$67.6M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$233.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMN
AMN
SM
SM
Q4 25
$75.6M
$451.9M
Q3 25
$22.7M
$505.0M
Q2 25
$78.5M
$571.1M
Q1 25
$92.7M
$483.0M
Q4 24
$72.8M
$578.4M
Q3 24
$66.7M
$452.3M
Q2 24
$99.5M
$476.4M
Q1 24
$81.4M
$276.0M
Free Cash Flow
AMN
AMN
SM
SM
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 24
$63.2M
FCF Margin
AMN
AMN
SM
SM
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 24
7.7%
Capex Intensity
AMN
AMN
SM
SM
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 24
2.2%
Cash Conversion
AMN
AMN
SM
SM
Q4 25
Q3 25
0.77×
3.26×
Q2 25
2.83×
Q1 25
2.65×
Q4 24
Q3 24
9.54×
1.88×
Q2 24
6.13×
2.27×
Q1 24
4.70×
2.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMN
AMN

Travel Nurse Staffing$208.3M28%
Allied Staffing$146.9M20%
Labor Disruption Services$124.3M17%
Technology And Workforce Solutions$88.0M12%
Language Services$69.9M9%
Other$29.6M4%
International Nurse Staffing$29.6M4%
Interim Leadership Staffing$24.1M3%
Vendor Management Systems$16.3M2%
Local Staffing$8.6M1%
International Nurse Permanent Placement$2.6M0%

SM
SM

Segment breakdown not available.

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