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Side-by-side financial comparison of AMN HEALTHCARE SERVICES INC (AMN) and Tronox Holdings plc (TROX). 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 $730.0M, roughly 1.0× Tronox Holdings plc). AMN HEALTHCARE SERVICES INC runs the higher net margin — -1.0% vs -24.1%, a 23.1% gap on every dollar of revenue. On growth, Tronox Holdings plc posted the faster year-over-year revenue change (8.0% vs 1.8%). AMN HEALTHCARE SERVICES INC produced more free cash flow last quarter ($67.6M vs $53.0M). Over the past eight quarters, Tronox Holdings plc's revenue compounded faster (-2.9% 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.

Tronox Limited is an American worldwide chemical company involved in the titanium products industry with approximately 6,500 employees. Following its acquisition of the mineral sands business formerly belonging to South Africa's Exxaro Resources, Tronox is the largest fully integrated seller and marketer of titanium dioxide (TiO2) pigment, which provides brightness to applications such as coatings, plastics and paper. Tronox mines titanium-bearing mineral sands and operates upgrading faciliti...

AMN vs TROX — Head-to-Head

Bigger by revenue
AMN
AMN
1.0× larger
AMN
$748.2M
$730.0M
TROX
Growing faster (revenue YoY)
TROX
TROX
+6.1% gap
TROX
8.0%
1.8%
AMN
Higher net margin
AMN
AMN
23.1% more per $
AMN
-1.0%
-24.1%
TROX
More free cash flow
AMN
AMN
$14.6M more FCF
AMN
$67.6M
$53.0M
TROX
Faster 2-yr revenue CAGR
TROX
TROX
Annualised
TROX
-2.9%
-4.5%
AMN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMN
AMN
TROX
TROX
Revenue
$748.2M
$730.0M
Net Profit
$-7.7M
$-176.0M
Gross Margin
26.1%
5.3%
Operating Margin
1.1%
-15.6%
Net Margin
-1.0%
-24.1%
Revenue YoY
1.8%
8.0%
Net Profit YoY
95.9%
-486.7%
EPS (diluted)
$-0.19
$-1.11

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
TROX
TROX
Q4 25
$748.2M
$730.0M
Q3 25
$634.5M
$699.0M
Q2 25
$658.2M
$731.0M
Q1 25
$689.5M
$738.0M
Q4 24
$734.7M
$676.0M
Q3 24
$687.5M
$804.0M
Q2 24
$740.7M
$820.0M
Q1 24
$820.9M
$774.0M
Net Profit
AMN
AMN
TROX
TROX
Q4 25
$-7.7M
$-176.0M
Q3 25
$29.3M
$-99.0M
Q2 25
$-116.2M
$-84.0M
Q1 25
$-1.1M
$-111.0M
Q4 24
$-187.5M
$-30.0M
Q3 24
$7.0M
$-25.0M
Q2 24
$16.2M
$16.0M
Q1 24
$17.3M
$-9.0M
Gross Margin
AMN
AMN
TROX
TROX
Q4 25
26.1%
5.3%
Q3 25
29.1%
7.4%
Q2 25
29.8%
10.8%
Q1 25
28.7%
13.4%
Q4 24
29.8%
17.3%
Q3 24
31.0%
15.9%
Q2 24
31.0%
18.3%
Q1 24
31.4%
15.5%
Operating Margin
AMN
AMN
TROX
TROX
Q4 25
1.1%
-15.6%
Q3 25
7.5%
-6.2%
Q2 25
-18.8%
-4.8%
Q1 25
1.8%
-8.3%
Q4 24
-27.6%
7.1%
Q3 24
3.2%
6.7%
Q2 24
5.1%
9.3%
Q1 24
4.9%
5.3%
Net Margin
AMN
AMN
TROX
TROX
Q4 25
-1.0%
-24.1%
Q3 25
4.6%
-14.2%
Q2 25
-17.7%
-11.5%
Q1 25
-0.2%
-15.0%
Q4 24
-25.5%
-4.4%
Q3 24
1.0%
-3.1%
Q2 24
2.2%
2.0%
Q1 24
2.1%
-1.2%
EPS (diluted)
AMN
AMN
TROX
TROX
Q4 25
$-0.19
$-1.11
Q3 25
$0.76
$-0.63
Q2 25
$-3.02
$-0.53
Q1 25
$-0.03
$-0.70
Q4 24
$-4.90
$-0.19
Q3 24
$0.18
$-0.16
Q2 24
$0.42
$0.10
Q1 24
$0.45
$-0.06

Balance Sheet & Financial Strength

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

Metric
AMN
AMN
TROX
TROX
Cash + ST InvestmentsLiquidity on hand
$34.0M
$199.0M
Total DebtLower is stronger
$767.1M
$3.1B
Stockholders' EquityBook value
$642.1M
$1.4B
Total Assets
$2.1B
$6.2B
Debt / EquityLower = less leverage
1.19×
2.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMN
AMN
TROX
TROX
Q4 25
$34.0M
$199.0M
Q3 25
$52.6M
$185.0M
Q2 25
$41.5M
$132.0M
Q1 25
$55.8M
$138.0M
Q4 24
$10.6M
$151.0M
Q3 24
$30.6M
$167.0M
Q2 24
$48.0M
$201.0M
Q1 24
$50.6M
$152.0M
Total Debt
AMN
AMN
TROX
TROX
Q4 25
$767.1M
$3.1B
Q3 25
$3.1B
Q2 25
$2.7B
Q1 25
$2.8B
Q4 24
$1.1B
$2.8B
Q3 24
$2.8B
Q2 24
$2.8B
Q1 24
$2.8B
Stockholders' Equity
AMN
AMN
TROX
TROX
Q4 25
$642.1M
$1.4B
Q3 25
$644.4M
$1.6B
Q2 25
$607.6M
$1.6B
Q1 25
$715.1M
$1.7B
Q4 24
$706.6M
$1.8B
Q3 24
$890.7M
$1.9B
Q2 24
$876.9M
$1.9B
Q1 24
$854.2M
$1.9B
Total Assets
AMN
AMN
TROX
TROX
Q4 25
$2.1B
$6.2B
Q3 25
$2.1B
$6.3B
Q2 25
$2.2B
$6.2B
Q1 25
$2.4B
$6.1B
Q4 24
$2.4B
$6.0B
Q3 24
$2.7B
$6.2B
Q2 24
$2.8B
$6.1B
Q1 24
$2.9B
$6.0B
Debt / Equity
AMN
AMN
TROX
TROX
Q4 25
1.19×
2.21×
Q3 25
2.01×
Q2 25
1.67×
Q1 25
1.64×
Q4 24
1.49×
1.57×
Q3 24
1.45×
Q2 24
1.47×
Q1 24
1.48×

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
TROX
TROX
Operating Cash FlowLast quarter
$75.6M
$121.0M
Free Cash FlowOCF − Capex
$67.6M
$53.0M
FCF MarginFCF / Revenue
9.0%
7.3%
Capex IntensityCapex / Revenue
1.1%
9.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$233.8M
$-281.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMN
AMN
TROX
TROX
Q4 25
$75.6M
$121.0M
Q3 25
$22.7M
$-57.0M
Q2 25
$78.5M
$28.0M
Q1 25
$92.7M
$-32.0M
Q4 24
$72.8M
$82.0M
Q3 24
$66.7M
$87.0M
Q2 24
$99.5M
$160.0M
Q1 24
$81.4M
$-29.0M
Free Cash Flow
AMN
AMN
TROX
TROX
Q4 25
$67.6M
$53.0M
Q3 25
$14.8M
$-137.0M
Q2 25
$68.7M
$-55.0M
Q1 25
$82.7M
$-142.0M
Q4 24
$56.6M
$-35.0M
Q3 24
$47.4M
$-14.0M
Q2 24
$72.2M
$84.0M
Q1 24
$63.2M
$-105.0M
FCF Margin
AMN
AMN
TROX
TROX
Q4 25
9.0%
7.3%
Q3 25
2.3%
-19.6%
Q2 25
10.4%
-7.5%
Q1 25
12.0%
-19.2%
Q4 24
7.7%
-5.2%
Q3 24
6.9%
-1.7%
Q2 24
9.8%
10.2%
Q1 24
7.7%
-13.6%
Capex Intensity
AMN
AMN
TROX
TROX
Q4 25
1.1%
9.3%
Q3 25
1.2%
11.4%
Q2 25
1.5%
11.4%
Q1 25
1.4%
14.9%
Q4 24
2.2%
17.3%
Q3 24
2.8%
12.6%
Q2 24
3.7%
9.3%
Q1 24
2.2%
9.8%
Cash Conversion
AMN
AMN
TROX
TROX
Q4 25
Q3 25
0.77×
Q2 25
Q1 25
Q4 24
Q3 24
9.54×
Q2 24
6.13×
10.00×
Q1 24
4.70×

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%

TROX
TROX

Ti O2$577.0M79%
Zircon$78.0M11%
Idle Facility And Lower Of Cost Or Net Realizable Value Charges$42.0M6%
Other$20.0M3%
MGT$13.0M2%

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