BTSG BrightSpring Health Services, Inc. - Common Stock
$58.91
Price · Aug 19, 2026
Fundamentals as of Feb 27, 2026
52W Range
$23–$74
71% of range
Analyst Rating
BUY
25 analysts
Price Target
$79
+34% upside
P/E (TTM)
67.7
ROE
10.8%
Net Profit Margin
1.5%
BTSG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$58.91
Market Cap
$11.32B
P/E (TTM)
67.7
EPS (TTM)
$0.87
Revenue (TTM)
$12.91B
Div Yield
—
ROE
10.8%
Debt/Equity
1.3
52W Range
$23 – $74
BTSG Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$12.91B
2022-12-31
→
2025-12-31
EPS
$0.87
2022-12-31
→
2025-12-31
Free Cash Flow
$395M
2024-12-31
→
2025-12-31
Margins
1.5%
2024-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BTSG
Peer Median
P/E (TTM)
67.7
32.6
P/S (TTM)
0.9
2.0
P/B
6.0
4.4
EV / EBITDA
46.5
—
Price / FCF
28.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BTSG
Peer Median
Gross Margin
11.8%
28.8%
Operating Margin
2.3%
—
Net Profit Margin
1.5%
2.4%
ROA
3.1%
4.5%
ROE
10.8%
10.9%
ROIC
5.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BTSG
Peer Median
Debt / Equity
1.3
—
Current Ratio
1.6
1.7
Quick Ratio
0.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BTSG
Peer Median
Revenue YoY
28.2%
—
Revenue CAGR 3Y
18.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BTSG
Peer Median
BTSG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
25 analysts
- Strong Buy 9 36.0%
- Buy 15 60.0%
- Hold 1 4.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
17 analysts · 2026-08-14
Median
$80.00
← Below all targets
$58.91
Low
$70.00
High
$90.00
Median target
$80.00
+35.8%
Mean target
$78.94
+34.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.06%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.45 | $0.40 | 0.05% |
| March 31, 2026 | $0.39 | $0.32 | 0.07% |
| Dec. 31, 2025 | $0.33 | $0.36 | -0.03% |
| Sept. 30, 2025 | $0.39 | $0.28 | 0.11% |
| June 30, 2025 | $0.22 | $0.17 | 0.05% |
| March 31, 2025 | $0.19 | $0.10 | 0.09% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BTSG | $7.20B | 43.0 | 28.2% | 1.5% | 10.8% | 11.8% |
| CI | $72.51B | 12.4 | 11.2% | 2.2% | 14.4% | — |
| LH | $20.62B | 24.0 | 7.2% | 6.3% | 10.3% | 28.8% |
| DGX | $19.09B | 19.8 | 11.8% | 9.0% | 14.2% | — |
| GH | $13.34B | -30.8 | 32.9% | -42.4% | 205.7% | — |
| LH | $20.62B | 24.0 | 7.2% | 6.3% | 10.3% | 28.8% |
| DVA | $7.79B | 11.5 | 6.5% | 5.5% | -281.8% | — |
| HNGE | $0 | -6.0 | 50.6% | -89.9% | -299.8% | 79.7% |
| CHE | — | 23.3 | 4.1% | 10.5% | 24.4% | — |
| HIMS | — | 63.7 | 59.0% | 5.5% | 23.3% | 73.8% |
| CVS | $100.87B | 57.1 | 7.8% | 0.44% | 2.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $12.91B | $10.07B | $7.69B | $7.72B | |
| Gross Profit | $1.52B | $1.27B | $1.14B | $1.35B | |
| SG&A Expense | $1.22B | $1.16B | $1.08B | $1.13B | |
| Operating Income | $295M | $108M | $58M | $188M | |
| Interest Expense | $157M | $191M | $272M | $234M | |
| Pretax Income | $138M | $-95M | $-214M | $-46M | |
| Income Tax | $33M | $-26M | $-32M | $33M | |
| Net Income | $191M | $-18M | $-155M | $-54M | |
| EPS (Basic) | $0.94 | $-0.09 | $-1.31 | $-0.46 | |
| EPS (Diluted) | $0.87 | $-0.09 | $-1.31 | $-0.46 | |
| Shares (Basic) | 202,564,000 | 192,997,000 | 117,868,000 | 117,840,000 | |
| Shares (Diluted) | 219,774,000 | 192,997,000 | 117,868,000 | 117,840,000 | |
| EBITDA | $295M | $206M | · | · |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $88M | $61M | $13M | · | |
| Receivables | $990M | $903M | $882M | · | |
| Inventory | $815M | $637M | $403M | · | |
| Prepaid Expense | $119M | $161M | $159M | · | |
| Current Assets | $2.89B | $1.89B | $1.46B | · | |
| PP&E (Net) | $205M | $181M | $246M | · | |
| PP&E (Gross) | $610M | $520M | $614M | · | |
| Accum. Depreciation | $405M | $340M | $368M | · | |
| Goodwill | $2.55B | $2.36B | $2.30B | $2.58B | |
| Intangibles | $558M | $595M | $881M | · | |
| Other Non-current Assets | $40M | $39M | $73M | · | |
| Total Assets | $6.41B | $5.93B | $5.53B | · | |
| Accounts Payable | $1.22B | $924M | $642M | · | |
| Accrued Liabilities | $333M | $296M | $492M | · | |
| Current Liabilities | $1.85B | $1.43B | $1.25B | · | |
| Capital Leases | $135M | $129M | $202M | · | |
| Deferred Tax | $6M | · | $24M | · | |
| Other Non-current Liabilities | $707.0K | $7M | $5M | · | |
| Total Liabilities | $4.53B | $4.27B | $4.92B | · | |
| Long-term Debt | $2.51B | $2.61B | $3.36B | · | |
| Total Debt | $2.51B | $2.61B | · | · | |
| Common Stock | $2M | $2M | $1M | · | |
| Retained Earnings | $-75M | $-222M | $-200M | · | |
| AOCI | $-7M | $1M | $13M | · | |
| Stockholders' Equity | $1.88B | $1.65B | $585M | · | |
| Liabilities + Equity | $6.41B | $5.93B | $5.53B | · | |
| Shares Outstanding | 192,124,125 | 174,245,990 | 117,857,055 | · |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $164M | $204M | $202M | $204M | |
| Stock-based Comp | $70M | $69M | $4M | $4M | |
| Deferred Tax | $6M | $-30M | $-48M | $-28M | |
| Amort. of Intangibles | $91M | $95M | $103M | $126M | |
| Operating Cash Flow | $490M | $24M | $211M | $-5M | |
| CapEx | $95M | $81M | $74M | $70M | |
| Investing Cash Flow | $-305M | $-140M | $-134M | $45M | |
| Debt Issued | · | $2.57B | · | · | |
| Net Debt Issued | $-50M | $-830M | · | · | |
| Stock Repurchased | $43M | $650.0K | $650.0K | · | |
| Net Stock Activity | $-43M | $-650.0K | · | · | |
| Financing Cash Flow | $-158M | $165M | $-77M | $-74M | |
| Net Change in Cash | $27M | $48M | $-557.0K | $-33M | |
| Taxes Paid | $27M | $25M | $37M | $29M | |
| Free Cash Flow | $395M | $-57M | · | · | |
| Levered FCF | $275M | $-192M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | 11.8% | 14.1% | · | · | |
| Operating Margin | 2.3% | 1.8% | · | · | |
| Net Margin | 1.5% | -0.16% | · | · | |
| Pretax Margin | 1.1% | -0.31% | · | · | |
| EBITDA Margin | 2.3% | 1.8% | · | · | |
| ROA | 3.1% | -0.32% | · | · | |
| ROE | 10.8% | -1.6% | · | · | |
| ROIC | 5.1% | 2.9% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.3 | · | · | |
| Quick Ratio | 0.6 | 0.8 | · | · | |
| Debt / Equity | 1.3 | 1.6 | · | · | |
| LT Debt / Equity | 1.3 | 1.6 | · | · | |
| Interest Coverage | 1.9 | 0.9 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 2.1 | 2.0 | · | · | |
| Receivables Turnover | 13.6 | 11.8 | · | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 28.2% | 31.0% | -0.38% | · | |
| Revenue CAGR 3Y | 18.7% | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $12.91B | $10.07B | $7.69B | · | |
| Net Income TTM | $191M | $-18M | $-155M | · | |
| Market Cap | $7.20B | $2.97B | · | · | |
| Enterprise Value | $9.61B | $5.52B | · | · | |
| P/E | 43.0 | -189.2 | · | · | |
| P/S | 0.6 | 0.3 | · | · | |
| P/B | 3.8 | 1.8 | · | · | |
| P / Cash Flow | 14.7 | 124.8 | · | · | |
| P / FCF | 18.2 | -51.9 | · | · | |
| EV / EBITDA | 32.6 | 26.7 | · | · | |
| EV / FCF | 24.4 | -96.5 | · | · | |
| EV / Revenue | 0.7 | 0.5 | · | · | |
| Earnings Yield | 2.3% | -0.53% | · | · |
Income Statement 14
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.55B | $3.33B | $3.15B | $2.88B | $2.75B | $2.60B | $2.44B | $2.29B | $1.24B | $2.26B | $2.17B | $2.03B | |
| Cost of Revenue | · | · | · | · | · | $2.50B | $2.34B | $2.21B | · | $1.90B | $1.79B | $1.69B | |
| Gross Profit | $413M | $392M | $375M | $338M | $339M | $323M | $312M | $292M | $74M | $358M | $372M | $335M | |
| SG&A Expense | $304M | $304M | $326M | $288M | $283M | $294M | $274M | $308M | $95M | $411M | $292M | $283M | |
| Operating Income | $108M | $88M | $49M | $51M | $56M | $29M | $39M | $-15M | $-21M | $-52M | $80M | $52M | |
| Interest Expense | $39M | $38M | $39M | $42M | $46M | $47M | $43M | $54M | $30M | $84M | $80M | $78M | |
| Pretax Income | $70M | $50M | $10M | $9M | $9M | $-18M | $-5M | $-83M | $-51M | $-136M | $-68.0K | $-27M | |
| Income Tax | $20M | $12M | $1M | $-240.0K | $5M | $8M | $-13M | $-27M | $-19M | $-6M | $-3M | $-4M | |
| Net Income | $77M | $56M | $28M | $30M | $16M | $-8M | $20M | $-46M | $-7M | $-131M | $4M | $-21M | |
| EPS (Basic) | $0.38 | $0.27 | $0.14 | $0.15 | $0.11 | $-0.04 | $0.10 | $-0.26 | $-0.05 | $-1.11 | $0.03 | $-0.18 | |
| EPS (Diluted) | $0.34 | $0.26 | $0.13 | $0.14 | $0.11 | $-0.04 | $0.10 | $-0.26 | $-0.05 | $-1.11 | $0.03 | $-0.18 | |
| Shares (Basic) | -403,735,000 | 203,487,000 | 201,807,000 | 201,005,000 | -378,540,000 | 198,491,000 | 197,515,000 | 175,531,000 | -235,745,000 | 117,864,000 | 117,883,000 | 117,866,000 | |
| Shares (Diluted) | -429,471,000 | 217,982,000 | 216,336,000 | 214,927,000 | -390,012,000 | 198,491,000 | 208,987,000 | 175,531,000 | -244,311,000 | 117,864,000 | 126,449,000 | 117,866,000 | |
| EBITDA | · | $88M | $49M | $51M | · | $57M | $62M | $8M | · | · | · | · |
Balance Sheet 27
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $88M | $140M | $70M | $52M | $61M | $36M | $25M | $58M | · | · | · | · | |
| Receivables | $990M | $1.01B | $973M | $975M | $903M | $1.03B | $985M | $991M | · | · | · | · | |
| Inventory | $815M | $639M | $625M | $534M | $637M | $478M | $374M | $374M | · | · | · | · | |
| Prepaid Expense | $119M | $124M | $129M | $131M | $161M | $170M | $138M | $150M | · | · | · | · | |
| Current Assets | $2.89B | $2.78B | $2.65B | $2.53B | $1.89B | $1.71B | $1.52B | $1.57B | · | · | · | · | |
| PP&E (Net) | $205M | $175M | $178M | $177M | $181M | $249M | $246M | $246M | · | · | · | · | |
| PP&E (Gross) | $610M | · | · | · | $520M | · | · | · | · | · | · | · | |
| Accum. Depreciation | $405M | $388M | $372M | $356M | $340M | $426M | $406M | $387M | · | · | · | · | |
| Goodwill | $2.55B | $2.37B | $2.37B | $2.37B | $2.36B | $2.67B | $2.63B | $2.61B | $2.30B | · | · | · | |
| Intangibles | $558M | $522M | $544M | $568M | $595M | $842M | $851M | $856M | · | · | · | · | |
| Other Non-current Assets | $40M | $42M | $36M | $38M | $39M | $47M | $79M | $85M | · | · | · | · | |
| Total Assets | $6.41B | $6.05B | $5.94B | $5.85B | $5.93B | $5.79B | $5.61B | $5.66B | · | · | · | · | |
| Accounts Payable | $1.22B | $954M | $965M | $868M | $924M | $784M | $669M | $656M | · | · | · | · | |
| Accrued Liabilities | $333M | $304M | $253M | $303M | $296M | $349M | $347M | $452M | · | · | · | · | |
| Current Liabilities | $1.85B | $1.55B | $1.51B | $1.46B | $1.43B | $1.26B | $1.15B | $1.24B | · | · | · | · | |
| Capital Leases | $135M | $129M | $133M | $130M | $129M | $196M | $196M | $208M | · | · | · | · | |
| Deferred Tax | $6M | $10M | · | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $707.0K | $2M | $7M | $6M | $7M | $6M | $6M | $6M | · | · | · | · | |
| Total Liabilities | $4.53B | $4.23B | $4.20B | $4.16B | $4.27B | $4.17B | $4.00B | $4.08B | · | · | · | · | |
| Long-term Debt | $2.51B | $2.52B | $2.53B | $2.54B | $2.61B | $2.66B | $2.61B | $2.56B | · | · | · | · | |
| Total Debt | · | $2.52B | $2.53B | $2.54B | · | $2.66B | $2.61B | $2.56B | · | · | · | · | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | · | · | · | |
| Retained Earnings | $-75M | $-109M | $-164M | $-193M | $-222M | $-234M | $-226M | $-246M | · | · | · | · | |
| AOCI | $-7M | $-6M | $-4M | $-2M | $1M | $-705.0K | $19M | $23M | · | · | · | · | |
| Stockholders' Equity | $1.88B | $1.82B | $1.74B | $1.69B | $1.65B | $1.61B | $1.60B | $1.57B | · | · | · | · | |
| Liabilities + Equity | $6.41B | $6.05B | $5.94B | $5.85B | $5.93B | $5.79B | $5.61B | $5.66B | · | · | · | · | |
| Shares Outstanding | 192,124,125 | 180,685,884 | 177,055,327 | 175,183,434 | 174,245,990 | 174,078,977 | 171,397,030 | 171,190,389 | · | · | · | · |
Cash Flow 16
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $40M | $41M | $42M | $42M | $55M | $51M | $50M | $49M | $51M | $51M | $50M | $50M | |
| Stock-based Comp | $14M | $17M | $23M | $16M | $14M | $15M | $15M | $25M | $2M | $825.0K | $825.0K | $450.0K | |
| Deferred Tax | · | · | · | · | $-2M | $21M | $-18M | $-32M | $-12M | $-11M | $-12M | $-13M | |
| Amort. of Intangibles | $21M | $23M | $24M | $23M | $23M | $24M | $24M | $24M | $11M | $31M | $31M | $31M | |
| Operating Cash Flow | $232M | $108M | $49M | $102M | $91M | $27M | $-15M | $-79M | $162M | $34M | $-25M | $40M | |
| CapEx | $38M | $16M | $24M | $18M | $15M | $20M | $24M | $22M | $17M | $18M | $21M | $18M | |
| Investing Cash Flow | $-234M | $-24M | $-23M | $-24M | $-16M | $-36M | $-58M | $-31M | $-17M | $-55M | $-45M | $-17M | |
| Debt Issued | · | · | · | · | $0 | $0 | $0 | $2.57B | · | · | · | · | |
| Net Debt Issued | · | · | · | $-12M | · | · | · | $-793M | · | · | · | · | |
| Stock Repurchased | · | · | · | · | $0 | $0 | $325.0K | $325.0K | $325.0K | · | · | · | |
| Net Stock Activity | · | · | · | · | · | · | · | $-325.0K | · | · | · | · | |
| Financing Cash Flow | $-50M | $-13M | $-8M | $-86M | $-50M | $20M | $40M | $155M | $-144M | $21M | $71M | $-25M | |
| Net Change in Cash | $-53M | $71M | $18M | $-9M | $25M | $11M | $-33M | $45M | $1M | $385.0K | $76.0K | $-2M | |
| Taxes Paid | $12M | $2M | $13M | $245.0K | $641.0K | $620.0K | $13M | $11M | $2M | $9M | $23M | $4M | |
| Free Cash Flow | · | · | · | $84M | · | · | · | $-101M | · | · | · | · | |
| Levered FCF | · | · | · | $41M | · | · | · | $-144M | · | · | · | · |
Profitability 8
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 11.8% | 11.9% | 11.8% | · | 14.0% | 14.2% | 14.3% | · | · | · | · | |
| Operating Margin | · | 2.6% | 1.5% | 1.8% | · | 2.0% | 2.3% | 0.31% | · | · | · | · | |
| Net Margin | · | 1.7% | 0.90% | 1.0% | · | -0.28% | 0.73% | -1.8% | · | · | · | · | |
| Pretax Margin | · | 1.5% | 0.31% | 0.31% | · | 0.03% | 0.37% | -2.7% | · | · | · | · | |
| EBITDA Margin | · | 2.6% | 1.5% | 1.8% | · | 2.0% | 2.3% | 0.31% | · | · | · | · | |
| ROA | · | 0.94% | 0.49% | 0.51% | · | -0.28% | 0.71% | -1.6% | · | · | · | · | |
| ROE | · | 3.2% | 1.7% | 1.8% | · | -1.0% | 2.5% | -5.8% | · | · | · | · | |
| ROIC | · | 1.5% | 0.99% | 1.2% | · | -15.3% | 2.9% | 0.13% | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 1.8 | 1.8 | 1.7 | · | 1.4 | 1.3 | 1.3 | · | · | · | · | |
| Quick Ratio | · | 0.7 | 0.7 | 0.7 | · | 0.8 | 0.9 | 0.8 | · | · | · | · | |
| Debt / Equity | · | 1.4 | 1.5 | 1.5 | · | 1.6 | 1.6 | 1.6 | · | · | · | · | |
| LT Debt / Equity | · | 1.4 | 1.4 | 1.5 | · | 1.6 | 1.6 | 1.6 | · | · | · | · | |
| Interest Coverage | · | 2.3 | 1.3 | 1.2 | · | 1.0 | 1.2 | 0.1 | · | · | · | · |
Efficiency 3
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.6 | 0.5 | 0.5 | · | 1.0 | 1.0 | 0.9 | · | · | · | · | |
| Inventory Turnover | · | · | · | · | · | 10.4 | 12.5 | 11.8 | · | · | · | · | |
| Receivables Turnover | · | 3.3 | 3.2 | 2.9 | · | 5.7 | 5.5 | 5.2 | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $11.96B | $11.07B | $10.20B | · | $9.58B | $9.15B | $8.74B | · | · | · | · | |
| Net Income TTM | · | $105M | $69M | $-5M | · | $-165M | $-153M | $-194M | · | · | · | · | |
| Market Cap | · | $5.34B | $4.18B | $3.17B | · | $2.56B | $1.95B | $1.86B | · | · | · | · | |
| Enterprise Value | · | $7.72B | $6.64B | $5.65B | · | $5.18B | $4.53B | $4.37B | · | · | · | · | |
| P/E | · | 60.3 | 71.5 | -301.5 | · | -11.2 | -9.2 | -7.2 | · | · | · | · | |
| P/S | · | 0.4 | 0.4 | 0.3 | · | 0.3 | 0.2 | 0.2 | · | · | · | · | |
| P/B | · | 2.9 | 2.4 | 1.9 | · | 1.6 | 1.2 | 1.2 | · | · | · | · | |
| P / Cash Flow | · | · | · | 31.2 | · | · | · | -23.6 | · | · | · | · | |
| P / FCF | · | · | · | 37.7 | · | · | · | -18.5 | · | · | · | · | |
| EV / EBITDA | · | 87.9 | 136.7 | 111.4 | · | 91.1 | 72.6 | 541.3 | · | · | · | · | |
| EV / FCF | · | · | · | 67.3 | · | · | · | -43.4 | · | · | · | · | |
| EV / Revenue | · | 0.6 | 0.6 | 0.6 | · | 0.5 | 0.5 | 0.5 | · | · | · | · | |
| Earnings Yield | · | 1.7% | 1.4% | -0.33% | · | -8.9% | -10.9% | -14.0% | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue | $12.91B | $10.07B | $7.69B | $7.72B |
| Gross Margin % | 11.8% | 14.1% | — | — |
| Operating Margin % | 2.3% | 1.8% | — | — |
| Net Income | $191M | $-18M | $-155M | $-54M |
| Diluted EPS | $0.87 | $-0.09 | $-1.31 | $-0.46 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Debt / Equity | 1.3 | 1.6 | — | — |
| Current Ratio | 1.6 | 1.3 | — | — |
| Quick Ratio | 0.6 | 0.8 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Free Cash Flow | $395M | $-57M | — | — |
Latest News Recent headlines mentioning this company
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 443 filers · $9.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 130 (+31 vs prior Q) | 35 (+5 vs prior Q) | 168 (+23 vs prior Q) | 89 (+16 vs prior Q) | +570K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Kohlberg Kravis Roberts & Co. L.P. | $1,871,115,831 | 26,829,880 | 20.67% | Shares |
| FMR LLC | $801,606,205 | 11,494,210 | 8.85% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $693,665,981 | 9,946,458 | 7.66% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $509,978,353 | 7,312,566 | 5.63% | Shares |
| STATE STREET CORP | $436,800,511 | 6,263,316 | 4.83% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $334,679,872 | 4,592,744 | 3.70% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $239,377,180 | 3,432,423 | 2.64% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $234,394,064 | 3,360,970 | 2.59% | Shares |
| AMERICAN CENTURY COMPANIES INC | $229,517,059 | 3,291,039 | 2.54% | Shares |
| ALLIANCEBERNSTEIN L.P. | $184,102,556 | 4,320,642 | 2.03% | Shares |
| MARSHALL WACE, LLP | $183,802,769 | 2,635,543 | 2.03% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $176,705,050 | 2,533,770 | 1.95% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $145,983,673 | 2,093,256 | 1.61% | Shares |
| NORGES BANK | $136,404,815 | 1,955,905 | 1.51% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $131,796,674 | 1,889,829 | 1.46% | Shares |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | $120,845,472 | 1,732,800 | 1.33% | Shares |
| AMERIPRISE FINANCIAL INC | $115,167,592 | 1,651,382 | 1.27% | Shares |
| VIKING GLOBAL INVESTORS LP | $112,855,848 | 1,618,237 | 1.25% | Shares |
| Woodline Partners LP | $85,180,157 | 1,221,396 | 0.94% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $82,661,427 | 1,185,280 | 0.91% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $79,662,468 | 1,142,278 | 0.88% | Shares |
| 8 KNOTS MANAGEMENT, LLC | $78,160,996 | 2,087,076 | 0.86% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $77,041,848 | 1,104,701 | 0.85% | Shares |
| TD Asset Management Inc | $72,049,440 | 1,033,115 | 0.80% | Shares |
| Capital Research Global Investors | $69,786,307 | 1,000,664 | 0.77% | Shares |
| SEVEN GRAND MANAGERS, LLC | $69,740,000 | 1,000,000 | 0.77% | Shares |
| ALTA FOX CAPITAL MANAGEMENT, LLC | $68,135,980 | 977,000 | 0.75% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $65,311,580 | 936,501 | 0.72% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $62,612,851 | 897,804 | 0.69% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $53,058,262 | 760,801 | 0.59% | Shares |
| FIRST TRUST ADVISORS LP | $50,982,101 | 731,031 | 0.56% | Shares |
| GOLDMAN SACHS GROUP INC | $46,276,535 | 663,558 | 0.51% | Shares |
| BRAIDWELL LP | $41,617,554 | 596,753 | 0.46% | Shares |
| Integral Health Asset Management, LLC | $38,357,000 | 550,000 | 0.42% | Shares |
| Sea Cliff Partners Management, LP | $38,282,657 | 548,934 | 0.42% | Shares |
| Public Sector Pension Investment Board | $37,896,995 | 543,404 | 0.42% | Shares |
| Artia Global Partners LP | $36,077,548 | 517,315 | 0.40% | Shares |
| CITADEL ADVISORS LLC | $36,050,489 | 516,927 | 0.40% | Shares |
| Iron Triangle Partners LP | $33,608,641 | 897,427 | 0.37% | Shares |
| Caption Management, LLC | $30,525,198 | 437,700 | 0.34% | Call option |
| KING LUTHER CAPITAL MANAGEMENT CORP | $25,798,988 | 369,931 | 0.28% | Shares |
| RHUMBLINE ADVISERS | $25,713,531 | 368,706 | 0.28% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $25,570,101 | 366,649 | 0.28% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $24,060,300 | 345,000 | 0.27% | Shares |
| SEB Asset Management AB | $23,813,724 | 341,465 | 0.26% | Shares |
| Caption Management, LLC | $23,711,600 | 340,000 | 0.26% | Put option |
| ARDSLEY ADVISORY PARTNERS LP | $22,665,500 | 325,000 | 0.25% | Shares |
| TD Waterhouse Canada Inc. | $22,053,909 | 315,463 | 0.24% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $21,972,145 | 315,058 | 0.24% | Shares |
| Swiss National Bank | $20,273,418 | 290,700 | 0.22% | Shares |
| PRUDENTIAL FINANCIAL INC | $19,364,706 | 277,670 | 0.21% | Shares |
| OAK RIDGE INVESTMENTS LLC | $18,325,789 | 262,773 | 0.20% | Shares |
| AXIOM INVESTORS LLC /DE | $18,123,125 | 259,867 | 0.20% | Shares |
| LOOMIS SAYLES & CO L P | $17,138,396 | 245,747 | 0.19% | Shares |
| Legal & General Group Plc | $16,929,107 | 242,746 | 0.19% | Shares |
| AGF MANAGEMENT LTD | $16,926,316 | 242,706 | 0.19% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $16,760,963 | 240,335 | 0.19% | Shares |
| MILLENNIUM MANAGEMENT LLC | $16,530,472 | 237,030 | 0.18% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $16,358,912 | 234,570 | 0.18% | Shares |
| Raiffeisen Bank International AG | $15,545,046 | 222,900 | 0.17% | Shares |
| NEUBERGER BERMAN GROUP LLC | $15,305,280 | 219,462 | 0.17% | Shares |
| CASTLEARK MANAGEMENT LLC | $14,814,868 | 212,430 | 0.16% | Shares |
| ALGERT GLOBAL LLC | $14,262,876 | 204,515 | 0.16% | Shares |
| Nuveen, LLC | $14,164,264 | 203,101 | 0.16% | Shares |
| MACKENZIE FINANCIAL CORP | $13,846,668 | 198,547 | 0.15% | Shares |
| HENNESSY ADVISORS INC | $13,585,352 | 194,800 | 0.15% | Shares |
| BANK OF AMERICA CORP /DE/ | $13,549,088 | 194,280 | 0.15% | Shares |
| Point72 Asset Management, L.P. | $13,400,192 | 192,145 | 0.15% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $12,911,385 | 185,136 | 0.14% | Shares |
| Science & Technology Partners, L.P. | $12,283,655 | 176,135 | 0.14% | Shares |
| Longaeva Partners L.P. | $11,692,608 | 167,660 | 0.13% | Shares |
| Rhenman & Partners Asset Management AB | $11,569,587 | 165,896 | 0.13% | Shares |
| UBS Group AG | $11,375,919 | 163,119 | 0.13% | Shares |
| Informed Momentum Co LLC | $11,190,899 | 160,466 | 0.12% | Shares |
| Lisanti Capital Growth, LLC | $10,783,199 | 154,620 | 0.12% | Shares |
| HSBC HOLDINGS PLC | $10,621,671 | 153,448 | 0.12% | Shares |
| NAVELLIER & ASSOCIATES INC | $10,185,388 | 146,048 | 0.11% | Shares |
| WINTON GROUP Ltd | $10,070,456 | 144,400 | 0.11% | Shares |
| Weiss Asset Management LP | $9,990,604 | 143,255 | 0.11% | Shares |
| PFM Health Sciences, LP | $9,897,082 | 141,914 | 0.11% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $9,698,742 | 139,070 | 0.11% | Shares |
| Gotham Asset Management, LLC | $9,604,453 | 137,718 | 0.11% | Shares |
| Cubist Systematic Strategies, LLC | $9,573,052 | 323,852 | 0.11% | Shares |
| RENAISSANCE GROUP LLC | $9,211,957 | 132,090 | 0.10% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,121,085 | 130,787 | 0.10% | Shares |
| Empowered Funds, LLC | $8,776,221 | 125,842 | 0.10% | Shares |
| BlackRock, Inc. | $8,614,843 | 123,528 | 0.10% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,890,384 | 113,140 | 0.09% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $7,876,924 | 112,947 | 0.09% | Shares |
| Illinois Municipal Retirement Fund | $7,756,134 | 111,215 | 0.09% | Shares |
| Counterpoint Mutual Funds LLC | $7,265,165 | 104,175 | 0.08% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,134,402 | 102,300 | 0.08% | Call option |
| XTX Topco Ltd | $7,072,124 | 101,407 | 0.08% | Shares |
| JANUS HENDERSON GROUP PLC | $7,023,619 | 164,835 | 0.08% | Shares |
| Focus Partners Wealth | $6,994,853 | 100,299 | 0.08% | Shares |
| SEI INVESTMENTS CO | $6,947,500 | 99,620 | 0.08% | Shares |
| CREDIT AGRICOLE S A | $6,911,234 | 99,100 | 0.08% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $6,902,168 | 98,970 | 0.08% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $6,738,644 | 158,147 | 0.07% | Shares |
| BARCLAYS PLC | $6,686,531 | 95,878 | 0.07% | Shares |
Company insiders 13 insiders · 9 officers · 5 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jon B Rousseau | Title: Chairman, President and Chief Executive Officer | June 5, 2026 M | 0 | 0 | 4 | $-31,091,300 |
| Jennifer A Phipps | Chief Financial Officer | June 5, 2026 M | 250,224 | 0 | 2 | $-3,496,500 |
| James F Mattingly Jr | Title: Executive Vice President and Chief Financial Officer | Jan. 25, 2025 F | 122,665 | 0 | 0 | $0 |
| Robert Allen Barnes | President, Community Living | March 30, 2026 F | 25,549 | 0 | 0 | $0 |
| Scott A. Greenwell | President, PharMerica | March 5, 2026 A | 36,859 | 0 | 0 | $0 |
| Michael A Mcmaude | Title: President, Hospice Services | June 12, 2025 S | 207,590 | 0 | 0 | $0 |
| Jennifer Yowler | President, PharMerica | March 17, 2025 A | 75,401 | 0 | 0 | $0 |
| Lisa A Nalley | Title: Chief of Staff and Senior Vice President, Human Resources | June 5, 2026 M | 131,948 | 0 | 3 | $-3,866,350 |
| Steven S Reed | Title: Chief Legal Officer and Corporate Secretary | Jan. 25, 2024 A | 93,914 | 0 | 0 | $0 |
| Steven B Miller | Director | May 5, 2026 A | 23,106 | 0 | 0 | $0 |
| Timothy A Wicks | Director | May 5, 2026 A | 25,504 | 0 | 0 | $0 |
| Olivia F Kirtley | Director | May 5, 2026 A | 36,997 | 0 | 0 | $0 |
| Matthew Dambrosio | Director | May 20, 2024 P | 1,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| KKR Phoenix Aggregator L.P., KKR Phoenix Aggregator GP LLC, KKR Americas Fund XII L.P., KKR Associates Americas XII L.P., KKR Americas XII Limited., KKR Group Partnership L.P., KKR Group Holdings Corp., KKR Group Co. Inc., KKR & Co. Inc., KKR Management LLP, Henry R. Kravis, George R. Roberts ×5 filings | March 4, 2026 | 21.80% | Amendment | Capital structure | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 81 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SAWS · ETF Series Solutions | 2.67% | 3,928 NS | April 30, 2026 | N-PORT |
| FMED · Fidelity Covington Trust | 1.53% | 10,187 NS | May 31, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 1.42% | 63,912 NS | May 31, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 1.01% | 11,503 NS | April 30, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 0.87% | 235,179 NS | April 30, 2026 | N-PORT |
| JSML · Janus Detroit Street Trust | 0.79% | 51,713 NS | April 30, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.74% | 80,459 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.68% | 17,860 NS | May 31, 2026 | N-PORT |
| JSMD · Janus Detroit Street Trust | 0.58% | 117,423 NS | April 30, 2026 | N-PORT |
| OASC · Unified Series Trust | 0.55% | 7,561 NS | May 31, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.52% | 173,428 NS | June 30, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.48% | 7,616 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.39% | 106,761 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.36% | 1,586 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.25% | 4,162 NS | April 30, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.23% | 27,620 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.22% | 22,122 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.20% | 6,071 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.19% | 55,829 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.18% | 28,945 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 26,278 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.17% | 635,596 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.16% | 456,927 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.12% | 174,263 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.12% | 4,750 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.11% | 66,653 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.11% | 13,611 NS | May 31, 2026 | N-PORT |
| AVMC · AMERICAN CENTURY ETF TRUST | 0.09% | 5,875 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.08% | 4,805 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.05% | 429,591 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.03% | 121 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.03% | 93,411 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.03% | 17,345 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.02% | 43,764 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.02% | 5,484 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.02% | 8,177 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.02% | 37,462 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 51,744 NS | April 30, 2026 | N-PORT |
| GUSA · Goldman Sachs ETF Trust II | 0.01% | 4,331 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.01% | 77,980 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.01% | 1,040 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 750 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 1,810 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.01% | 20,700 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 1,232 NS | April 30, 2026 | N-PORT |
| AVLC · AMERICAN CENTURY ETF TRUST | 0.00% | 419 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 3,137 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |