AMS Financials AMERICAN SHARED HOSPITAL SERVICES

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 34 d ago Overview →

Growth & profitability

Revenue has grown 9.5% per year over the past 5 years.
Operating margin has expanded, at -12.8% in the latest year.

Financial health

Total debt ($17M) exceeds cash ($3M); net debt is $14M.
Total debt has grown faster than revenue (27.8% vs 9.5% per year).
Operating income covered interest expense -2.3× in the latest year, up from -9.0× 5 years ago.
Total debt is 8.2× EBITDA.
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.

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	$28M	-$2M	18.0%	-12.8%	-6.5%	-2.8%	-$5M	$17M	$3M
2024	$28M	$2M	32.4%	-9.9%	8.7%	3.6%	-$8M	$20M	$11M
2023	$21M	$610000	43.8%	1.3%	2.7%	1.3%	-$555000	$13M	$14M
2022	$20M	$1M	42.4%	12.3%	6.1%	3.0%	$7M	$14M	$12M
2021	$18M	$194000	38.2%	7.7%	1.0%	0.4%	$5M	$16M	$8M
2020	$18M	-$7M	25.0%	-53.1%	-36.6%	-16.2%	$9M	$5M	$4M
2019	$21M	$659000	33.6%	7.5%	2.5%	1.2%	$7M	$3M	$1M
2018	$20M	$1M	38.0%	9.4%	4.1%	1.8%	$6M	$5M	$1M
2017	$20M	$2M	44.3%	12.3%	8.1%	3.3%	$7M	$6M	$2M
2016	—	$930000	—	—	4.3%	1.5%	$7M	$7M	$3M
2015	—	-$2M	—	—	-7.6%	-2.8%	$8M	$10M	$2M
2014	—	-$952000	—	—	-4.4%	-1.4%	—	$11M	$1M
2013	—	-$312000	—	—	-1.6%	-0.4%	$6M	$16M	$2M
2012	—	$38000	—	—	0.2%	0.1%	$235000	$18M	$2M
2011	—	$506000	—	—	2.5%	0.7%	$1M	$15M	$3M

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	$8M	-$514000	17.0%	-10.8%	-2.2%	-1.0%	$2M	$16M	$7M
Mar '26	$7M	-$612000	18.2%	-13.0%	-2.6%	-1.1%	$2M	$17M	$5M
Dec '25	$8M	-$631000	11.7%	-18.1%	-2.6%	-1.1%	$1M	$17M	$3M
Sep '25	$7M	-$17000	22.1%	-4.8%	-0.1%	-0.0%	-$2M	$18M	$5M
Jun '25	$7M	-$280000	23.1%	-7.7%	-1.1%	-0.4%	-$2M	$19M	$11M
Mar '25	$6M	-$625000	15.4%	-21.3%	-2.5%	-1.0%	-$2M	$20M	$11M
Dec '24	$9M	-$1M	35.3%	-20.2%	-5.3%	-2.2%	-$4M	$20M	$11M
Sep '24	$7M	-$207000	19.6%	-12.7%	-0.8%	-0.3%	-$407000	$14M	$14M
Jun '24	$7M	$4M	35.0%	-0.0%	13.6%	5.9%	$70000	$15M	$14M
Mar '24	$5M	$119000	41.1%	-1.6%	0.5%	0.2%	-$3M	$16M	$13M
Dec '23	$6M	$415000	49.4%	7.1%	1.8%	0.9%	-$3M	$13M	$14M
Sep '23	$5M	$118000	40.9%	1.8%	0.5%	0.2%	-$51000	$12M	$15M
Jun '23	$6M	-$111000	45.2%	-5.8%	-0.5%	-0.2%	$1M	$12M	$14M
Mar '23	$5M	$188000	38.7%	2.0%	0.9%	0.4%	$2M	$13M	$13M
Dec '22	$5M	$246000	45.1%	11.7%	1.1%	0.6%	$2M	$14M	$12M
Sep '22	$5M	$316000	40.5%	9.3%	1.5%	0.7%	$1M	$14M	$12M
Jun '22	$5M	$497000	41.5%	15.8%	2.4%	1.1%	$4M	$15M	$12M
Mar '22	$5M	$269000	42.6%	12.4%	1.3%	0.6%	$193000	$15M	$8M
Dec '21	$5M	$219000	47.3%	15.4%	1.1%	0.5%	$2M	$16M	$8M
Sep '21	$4M	$33000	35.8%	4.5%	0.2%	0.1%	-$802000	$16M	$7M

Valuation over time

How the market has priced AMS 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 14.3× (Mar '23) to 6.5× (Nov '25).
The price-to-sales ratio has fallen from 1.0× (Mar '23) to 0.3× (Aug '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is AMS growing its revenue and profit?

Over the past 5 years, AMERICAN SHARED HOSPITAL SERVICES's revenue has grown 9.5% per year. These are computed facts, not advice.

How much debt does AMS have?

As of FY2025, AMERICAN SHARED HOSPITAL SERVICES reported $17M of total debt against $3M of cash; operating income covered interest expense -2.3×.

What is AMS's profit margin?

In FY2025, gross margin was 18.0%, operating margin -12.8%, and net margin -5.5%.

What is AMS's P/E ratio?

As of Aug '26, AMERICAN SHARED HOSPITAL SERVICES traded at a price-to-earnings ratio of about 6.5× (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.