15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 2.7% per year over the past 5 years.
Operating margin has contracted, at -2.0% in the latest year.
Free cash flow has grown 1.3% per year over the past 5 years.
Financial health
Total debt ($767M) exceeds cash ($34M); net debt is $733M.
Total debt has grown slower than revenue (-2.2% vs 2.7% per year).
Operating income covered interest expense -1.2× in the latest year.
Total debt is 7.6× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$2.7B
-$96M
28.3%
-2.0%
$234M
$767M
$34M
2024
$3.0B
-$147M
30.8%
-3.4%
$240M
$1.1B
$11M
2023
$3.8B
$211M
33.0%
8.9%
$268M
$1.3B
$33M
2022
$5.2B
$444M
32.7%
12.3%
$578M
$844M
$65M
2021
$4.0B
$327M
32.9%
12.0%
$252M
$842M
$181M
2020
$2.4B
$71M
33.1%
6.2%
$219M
$858M
$29M
2019
$2.2B
$114M
33.5%
8.0%
$190M
$617M
$83M
2018
$2.1B
$142M
32.6%
9.5%
$192M
$441M
$14M
2017
$2.0B
$133M
32.4%
10.7%
$134M
$320M
$15M
2016
$1.9B
$106M
32.6%
10.1%
$112M
$359M
$11M
2015
—
$82M
—
—
$29M
$181M
$10M
2014
—
$33M
—
—
$9M
$144M
$13M
2013
—
$33M
—
—
$51M
$150M
$16M
2012
—
$17M
—
—
$53M
$160M
$6M
2011
—
-$26M
—
—
$15M
$205M
$4M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$1.4B
$62M
26.8%
8.5%
$555M
—
$561M
Dec '25
$748M
-$8M
26.1%
1.1%
$68M
$767M
$34M
Sep '25
$634M
$29M
29.1%
7.5%
$15M
—
$53M
Jun '25
$658M
-$116M
29.8%
-18.8%
$69M
—
$42M
Mar '25
$690M
-$1M
28.7%
1.8%
$83M
—
$56M
Dec '24
$735M
-$188M
29.8%
-27.6%
$57M
$1.1B
$11M
Sep '24
$688M
$7M
31.0%
3.2%
$47M
—
$31M
Jun '24
$741M
$16M
31.0%
5.1%
$72M
—
$48M
Mar '24
$821M
$17M
31.4%
4.9%
$63M
—
$51M
Dec '23
$818M
$12M
31.9%
4.2%
-$71M
$1.3B
$33M
Sep '23
$853M
$53M
33.9%
10.2%
$142M
—
$29M
Jun '23
$991M
$61M
33.3%
9.2%
$171M
—
$7M
Mar '23
$1.1B
$84M
32.8%
11.2%
$26M
—
$29M
Dec '22
$1.1B
$82M
33.3%
10.6%
$91M
$844M
$65M
Sep '22
$1.1B
$92M
33.8%
12.0%
$93M
—
$156M
Jun '22
$1.4B
$124M
32.3%
12.9%
$207M
—
$79M
Mar '22
$1.6B
$146M
32.0%
13.4%
$187M
—
$113M
Dec '21
$1.4B
$116M
31.9%
12.4%
$63M
$842M
$181M
Sep '21
$878M
$74M
34.8%
12.1%
$1M
—
$137M
Jun '21
$857M
$67M
32.7%
11.6%
$160M
—
$139M
Valuation over time
How the market has priced AMN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 7.2× (Mar '23) to 4.8× (Nov '24).
The price-to-sales ratio has fallen from 0.6× (Mar '23) to 0.5× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is AMN growing its revenue and profit?
Over the past 5 years, Amn Healthcare Services Inc's revenue has grown 2.7% per year. These are computed facts, not advice.
How much debt does AMN have?
As of FY2025, Amn Healthcare Services Inc reported $767M of total debt against $34M of cash; operating income covered interest expense -1.2×.
What is AMN's profit margin?
In FY2025, gross margin was 28.3%, operating margin -2.0%, and net margin -3.5%.
What is AMN's P/E ratio?
As of Jun '26, Amn Healthcare Services Inc traded at a price-to-earnings ratio of about 4.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.