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
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
2025
$2.7B
-$96M
28.3%
-2.0%
-14.9%
-4.6%
$234M
$767M
$34M
2024
$3.0B
-$147M
30.8%
-3.4%
-20.8%
-6.1%
$240M
$1.1B
$11M
2023
$3.8B
$211M
33.0%
8.9%
25.3%
7.2%
$268M
$1.3B
$33M
2022
$5.2B
$444M
32.7%
12.3%
42.5%
15.4%
$578M
$844M
$65M
2021
$4.0B
$327M
32.9%
12.0%
28.2%
10.5%
$252M
$842M
$181M
2020
$2.4B
$71M
33.1%
6.2%
8.6%
3.0%
$219M
$858M
$29M
2019
$2.2B
$114M
33.5%
8.0%
15.5%
5.9%
$190M
$617M
$83M
2018
$2.1B
$142M
32.6%
9.5%
22.2%
9.5%
$192M
$441M
$14M
2017
$2.0B
$133M
32.4%
10.7%
23.6%
10.6%
$134M
$320M
$15M
2016
$1.9B
$106M
32.6%
10.1%
23.6%
8.9%
$112M
$359M
$11M
2015
—
$82M
—
—
23.5%
9.3%
$29M
$181M
$10M
2014
—
$33M
—
—
12.9%
4.9%
$9M
$144M
$13M
2013
—
$33M
—
—
15.1%
5.4%
$51M
$150M
$16M
2012
—
$17M
—
—
9.4%
3.3%
$53M
$160M
$6M
2011
—
-$26M
—
—
-19.4%
-4.9%
$15M
$205M
$4M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
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
ROE
ROA
FCF
Total debt
Cash
Jun '26
$673M
$21M
30.6%
4.0%
2.9%
0.9%
-$198M
—
$362M
Mar '26
$1.4B
$62M
26.8%
8.5%
8.7%
2.4%
$555M
—
$561M
Dec '25
$748M
-$8M
26.1%
1.1%
-1.2%
-0.4%
$68M
$767M
$34M
Sep '25
$634M
$29M
29.1%
7.5%
4.5%
1.4%
$15M
—
$53M
Jun '25
$658M
-$116M
29.8%
-18.8%
-19.1%
-5.3%
$69M
—
$42M
Mar '25
$690M
-$1M
28.7%
1.8%
-0.2%
-0.0%
$83M
—
$56M
Dec '24
$735M
-$188M
29.8%
-27.6%
-26.5%
-7.8%
$57M
$1.1B
$11M
Sep '24
$688M
$7M
31.0%
3.2%
0.8%
0.3%
$47M
—
$31M
Jun '24
$741M
$16M
31.0%
5.1%
1.9%
0.6%
$72M
—
$48M
Mar '24
$821M
$17M
31.4%
4.9%
2.0%
0.6%
$63M
—
$51M
Dec '23
$818M
$12M
31.9%
4.2%
1.5%
0.4%
-$71M
$1.3B
$33M
Sep '23
$853M
$53M
33.9%
10.2%
6.5%
2.0%
$142M
—
$29M
Jun '23
$991M
$61M
33.3%
9.2%
7.9%
2.3%
$171M
—
$7M
Mar '23
$1.1B
$84M
32.8%
11.2%
8.8%
2.9%
$26M
—
$29M
Dec '22
$1.1B
$82M
33.3%
10.6%
7.8%
2.8%
$91M
$844M
$65M
Sep '22
$1.1B
$92M
33.8%
12.0%
8.2%
3.1%
$93M
—
$156M
Jun '22
$1.4B
$124M
32.3%
12.9%
11.9%
4.1%
$207M
—
$79M
Mar '22
$1.6B
$146M
32.0%
13.4%
13.5%
4.5%
$187M
—
$113M
Dec '21
$1.4B
$116M
31.9%
12.4%
10.0%
3.7%
$63M
$842M
$181M
Sep '21
$878M
$74M
34.8%
12.1%
7.1%
2.7%
$1M
—
$137M
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 risen from 0.6× (Mar '23) to 0.6× (Nov '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?
Amn Healthcare Services Inc's P/E (TTM) is 16.89 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AMN stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 4.8× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.