Business Description
AMN Healthcare Services, Inc. (AMN) specializes in delivering comprehensive workforce solutions and staffing services to hospitals and healthcare facilities throughout the United States. Its operations are structured across three primary segments: The Nurse and Allied Solutions segment focuses on placing registered nurses in travel assignments, rapid response roles during emergencies or labor disruptions, and local positions. It also supplies allied health professionals for various roles and offers revenue cycle management solutions. Through its Physician and Leadership Solutions segment, AMN facilitates the placement of locum tenens physicians for temporary assignments, provides interim leadership for healthcare organizations, conducts executive searches, and handles permanent physician recruitment. Lastly, the Technology and Workforce Solutions segment encompasses services like language interpretation, vendor management systems (VMS), workforce optimization strategies, telehealth platforms, credentialing assistance, and various outsourced solutions. Beyond nurses and physicians, AMN's network of professionals includes a broad spectrum of allied health specialists such as physical, respiratory, and occupational therapists; medical and radiology technologists; lab technicians; speech pathologists; rehabilitation assistants; and pharmacists. The company leverages numerous recognized brands to deliver its services, including American Mobile, Nursefinders, NurseChoice, HealthSource Global Staffing, Onward Healthcare, O'Grady Peyton International, Med Travelers, Club Staffing, Staff Care, B.E. Smith, Merritt Hawkins, AMN Revenue Cycle Solutions, and AMN Language Services. Established in 1985, AMN Healthcare is headquartered in Dallas, Texas.
Business History
Price Overview
Last updated: Jun 27, 2026 10:08am (just now)Price History (1 Year)
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): -2.48
Total Equity: $642.11M
Shares: 38,521,000
Total Debt: $767.05M
Cash: $33.97M
EBITDA: $101.13M
Total Debt: $767.05M
Cash: $33.97M
Revenue: $2.73B
Shares: 38,521,000
Revenue: $2.73B
Revenue: $2.73B
Revenue: $2.73B
Total Equity: $642.11M
Tax Rate: 5.3%
Equity: $642.11M
Total Debt: $767.05M
Cash: $33.97M
Current Liabilities: $577.61M
Long-Term Debt: $767.05M
Total Debt: $767.05M
Total Equity: $642.11M
Shares: 38,521,000
Shares: 38,521,000
CapEx: -$35.63M
Shares: 38,521,000
Stock Price: $32.76
Net Income: -$95.70M
Industry Benchmarks
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
Income Statement (Annual)
Last updated: Jun 27, 2026 10:08am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.0B | $5.2B | $3.8B | $3.0B | $2.7B |
| Cost of Revenue | $2.7B | $3.5B | $2.5B | $2.1B | $2.0B |
| Gross Profit | $1.3B | $1.7B | $1.2B | $919.4M | $774.1M |
| Operating Expenses | $831.6M | $1.1B | $911.2M | $1.0B | $740.9M |
| Operating Income | $478.0M | $647.1M | $338.4M | -$102.7M | $33.2M |
| Net Income | $327.4M | $444.1M | $210.7M | -$147.0M | -$95.7M |
| EBITDA | $581.7M | $784.2M | $499.4M | $71.1M | $101.1M |
| EPS | $6.87 | $9.96 | $5.38 | $-3.85 | $-2.48 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 27, 2026 10:08am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $180.9M | $64.5M | $32.9M | $10.6M | $34.0M |
| Total Current Assets | $1.3B | $1.1B | $841.7M | $594.9M | $545.4M |
| Total Assets | $3.1B | $2.9B | $2.9B | $2.4B | $2.1B |
| Current Liabilities | $969.4M | $857.9M | $656.1M | $545.8M | $577.6M |
| Long-Term Debt | $842.3M | $843.5M | $1.3B | $1.1B | $767.1M |
| Total Liabilities | $2.0B | $1.8B | $2.1B | $1.7B | $1.5B |
| Total Equity | $1.2B | $1.0B | $831.3M | $706.6M | $642.1M |
| Retained Earnings | $796.9M | $1.2B | $1.5B | $1.3B | $1.2B |
Cash Flow (Annual)
Last updated: Jun 27, 2026 10:08am (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $305.4M | $653.7M | $372.2M | $320.4M | $269.5M |
| Capital Expenditure | -$53.7M | -$80.9M | -$105.4M | -$80.9M | -$35.6M |
| Free Cash Flow | $251.7M | $572.8M | $266.8M | $239.5M | $233.8M |
| Acquisitions (net) | -$41.3M | -$69.5M | -$292.1M | $0 | $65.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$2.7M | -$576.8M | -$424.7M | -$8.5M | -$2.1M |
| Net Change in Cash | $162.7M | -$108.8M | -$29.6M | -$19.0M | -$22.1M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:08am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.7B $2.7B – $2.7B
|
$3.3B $3.2B – $3.3B
|
$2.6B $2.6B – $2.6B
|
$2.7B $2.7B – $2.7B
|
| EBITDA |
$264.2M $263.2M – $265.1M
|
$317.4M $316.2M – $318.5M
|
$254.3M $253.3M – $255.2M
|
$265.7M $265.7M – $265.7M
|
| Net Income |
$54.2M $53.0M – $55.4M
|
$104.6M $98.0M – $111.2M
|
$42.7M $27.4M – $57.9M
|
-$9.6M -$13.1M – $111.7M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 27, 2026 10:08am (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +31.6% | -27.7% | -21.3% | -8.5% |
| Gross Profit Growth | +31.1% | -27.2% | -26.4% | -15.8% |
| Operating Income Growth | +35.4% | -47.7% | -130.3% | +132.3% |
| Net Income Growth | +35.6% | -52.6% | -169.8% | +34.9% |
| EBITDA Growth | +34.8% | -36.3% | -85.8% | +42.2% |
Insider Trading (Recent)
All SEC Form 4 codes
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | FOLETTA MARK G | S-Sale | 1,681.00 | $31.07 | $52,224 |
| 2026-06-15 | FOLETTA MARK G | S-Sale | 2,000.00 | $31.07 | $62,138 |
| 2026-05-01 | Palmer Eric P | A-Award | 8,304.00 | $0.00 | $0 |
| 2026-05-01 | Hinton James H. | A-Award | 8,304.00 | $0.00 | $0 |
| 2026-05-01 | Fontenot Teri G. | A-Award | 8,304.00 | $0.00 | $0 |
| 2026-05-01 | HARRIS R JEFFREY | M-Exempt | 9,563.00 | $0.00 | $0 |
| 2026-05-01 | HARRIS R JEFFREY | M-Exempt | 9,563.00 | $0.00 | $0 |
| 2026-05-01 | HARRIS R JEFFREY | M-Exempt | 6,009.00 | $0.00 | $0 |
| 2026-05-01 | HARRIS R JEFFREY | M-Exempt | 4,048.00 | $0.00 | $0 |
| 2026-05-01 | HARRIS R JEFFREY | M-Exempt | 5,555.00 | $0.00 | $0 |
| 2026-05-01 | HARRIS R JEFFREY | M-Exempt | 8,325.00 | $0.00 | $0 |
| 2026-05-01 | HARRIS R JEFFREY | M-Exempt | 9,563.00 | $0.00 | $0 |
| 2026-05-01 | Trent-Adams Sylvia | M-Exempt | 8,325.00 | $0.00 | $0 |
| 2026-05-01 | Trent-Adams Sylvia | A-Award | 8,304.00 | $0.00 | $0 |
| 2026-05-01 | Trent-Adams Sylvia | M-Exempt | 8,325.00 | $0.00 | $0 |
| 2026-05-01 | Jones Daphne E | M-Exempt | 8,325.00 | $0.00 | $0 |
| 2026-05-01 | Jones Daphne E | A-Award | 8,304.00 | $0.00 | $0 |
| 2026-05-01 | Jones Daphne E | M-Exempt | 8,325.00 | $0.00 | $0 |
| 2026-05-01 | FOLETTA MARK G | M-Exempt | 8,325.00 | $0.00 | $0 |
| 2026-05-01 | FOLETTA MARK G | A-Award | 8,304.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 27, 2026 10:08am (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2011-09-29 | $0.30 | 2011-09-27 | ||
| 2011-07-26 | $0.30 | 2011-07-12 | 2011-08-16 | |
| 2011-04-26 | $0.30 | 2011-04-04 | 2011-05-17 | |
| 2011-01-25 | $0.30 | 2011-01-18 | 2011-02-15 | |
| 2010-11-08 | $3.00 | 2010-10-25 | 2010-11-30 | |
| 2010-10-26 | $0.30 | 2010-09-27 | 2010-11-16 | |
| 2010-07-20 | $0.30 | 2010-06-28 | 2010-08-17 | |
| 2010-04-20 | $0.30 | 2010-04-05 | 2010-05-18 | |
| 2010-01-26 | $0.30 | 2010-01-14 | 2010-02-16 | |
| 2009-10-20 | $0.30 | 2009-09-28 | 2009-11-17 | |
| 2009-07-21 | $0.30 | 2009-06-26 | 2009-08-18 |
Narrative Economics
market-narrative step).