PACS Group, Inc.
Financial ServicesNYSE:PACS · New York Stock Exchange
+$1.73 today
Vol 0.96M · Avg 0.83M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$5.4B of revenue converted into $243.8M of net income for the selected period. Gross margin is 19.3% and net margin is 4.5%, showing how much revenue survives after costs and taxes. EPS is $1.51, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.3B +29.3% | $4.1B +31.4% | $3.1B +28.5% | $2.4B +107.6% | $1.2B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $4.1B +25.3% | $3.3B +23.7% | $2.7B +31.8% | $2.0B +106.4% | $979.2M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $1.2B +46.2% | $792.6M +77.3% | $447.1M +11.6% | $400.7M +113.9% | $187.3M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 21.9% +2.5pp | 19.4% +5.0pp | 14.4% -2.2pp | 16.5% +0.5pp | 16.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $415.1M +20.7% | $343.8M +60.9% | $213.7M +43.4% | $149.0M +53.9% | $96.8M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $849.6M +26.9% | $669.6M +179.8% | $239.3M +39.7% | $171.3M +64.7% | $104.0M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $55.7M +36.4% | $40.8M +59.2% | $25.6M +14.9% | $22.3M +211.9% | $7.2M | $374.2M | $1.2B | $631.8M |
| EBITDA | $365.6M +95.8% | $186.7M -19.8% | $232.9M -8.6% | $254.9M +171.6% | $93.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 6.9% +2.3pp | 4.6% -2.9pp | 7.5% -3.0pp | 10.5% +2.5pp | 8.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $309.6M +151.6% | $123.1M -40.8% | $207.8M -9.4% | $229.4M +175.1% | $83.4M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 5.9% +2.8pp | 3.0% -3.7pp | 6.7% -2.8pp | 9.5% +2.3pp | 7.1% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $28.4M -36.0% | $44.3M -11.2% | $49.9M +95.5% | $25.5M +383.9% | $5.3M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$25.1M -16.9% | -$21.5M +57.4% | -$50.5M -126.1% | -$22.3M -1054.4% | -$1.9M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $284.4M +180.1% | $101.6M -35.4% | $157.3M -24.0% | $207.0M +154.3% | $81.4M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 5.4% +2.9pp | 2.5% -2.6pp | 5.1% -3.5pp | 8.5% +1.6pp | 7.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $93.0M +101.2% | $46.2M +4.0% | $44.4M -21.4% | $56.5M +68.9% | $33.5M | $1.3B | -$1.6B | $745.2M |
| Net Income | $191.5M +243.5% | $55.8M -50.6% | $112.9M -25.0% | $150.5M +213.9% | $47.9M | $4.9B | $4.8B | $4.7B |
| Net Margin | 3.6% +2.3pp | 1.4% -2.3pp | 3.6% -2.6pp | 6.2% +2.1pp | 4.1% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +223.7% | $0 -49.3% | $1 -25.0% | $1 +212.5% | $0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +221.1% | $0 -49.3% | $1 -25.0% | $1 +212.5% | $0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $156.2M +6.5% | $146.7M -2.3% | $150.2M +0.0% | $150.2M +0.0% | $150.2M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $156.7M +5.5% | $148.6M -1.1% | $150.2M +0.0% | $150.2M +0.0% | $150.2M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Stifel Financial Corp.
NYSE:SF
$11.08B
WisdomTree, Inc.
NYSE:WT
$2.72B
Nicolet Bankshares, Inc.
NYSE:NIC
$2.34B
LendingClub Corporation
NYSE:LC
$2.08B
Skyward Specialty Insurance Group, Inc.
NASDAQ:SKWD
$2.04B
Stewart Information Services Corporation
NYSE:STC
$1.99B
Horace Mann Educators Corporation
NYSE:HMN
$1.98B
Federal Agricultural Mortgage Corporation
NYSE:AGM
$1.98B
Morgan Stanley Direct Lending Fund
NYSE:MSDL
$1.31B
Perella Weinberg Partners
NASDAQ:PWP
$1.03B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does PACS generate?
PACS Group, Inc. (PACS) reported $5.29B of revenue in fiscal 2025.
Is PACS profitable?
PACS Group, Inc. (PACS) reported $191.54M of net income, with a net margin of 3.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.