Last 48 quarters of trend data · Healthcare · Medical - Care Facilities
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -5.06 | — | 6.37 | — | — | — | 58.88 | 30.49 | 34.73 | 56.73 | 15.32 | 17.60 | 10.27 |
| — | — | -89.2% | — | — | — | +284.3% | +73.3% | +238.2% | +314.9% | +21.5% | +77.7% | +21.6% | |
| P/S Ratio | 0.33 | 0.20 | 0.30 | 0.30 | 0.34 | 0.31 | 0.59 | 0.66 | 0.73 | 0.87 | 0.96 | 1.08 | 0.77 |
| — | -34.5% | -50.0% | -54.4% | -53.3% | -64.3% | -38.3% | -38.9% | -5.0% | -12.0% | -6.7% | +25.9% | -3.5% | |
| P/B Ratio | 1.05 | 0.95 | 1.16 | 1.31 | 1.31 | 1.30 | 1.82 | 2.23 | 2.80 | 3.44 | 3.99 | 5.60 | 3.61 |
| — | -26.6% | -36.2% | -41.5% | -53.1% | -62.3% | -54.4% | -60.1% | -22.5% | -19.7% | -3.0% | +18.6% | -20.8% | |
| P/FCF | 4.12 | 2.02 | 12.69 | 2.89 | 2.83 | 4.04 | 8.55 | 6.78 | 9.44 | — | 5.74 | 6.27 | 33.23 |
| — | -50.1% | +48.4% | -57.4% | -70.0% | — | +49.1% | +8.1% | -71.6% | — | -56.1% | +5.3% | +403.6% | |
| EV / EBITDA | 29.18 | 40.60 | 8.22 | — | 9.16 | — | 10.59 | 9.54 | 10.81 | 13.50 | 8.25 | 10.31 | 6.72 |
| — | — | -22.4% | — | -15.3% | — | +28.4% | -7.5% | +61.0% | +61.3% | +4.8% | +57.1% | +13.3% | |
| EV / EBIT | — | — | 8.30 | — | 38.35 | — | 31.09 | 20.87 | 22.86 | 30.55 | 12.11 | 14.62 | 8.79 |
| — | — | -73.3% | — | +67.7% | — | +156.6% | +42.8% | +160.0% | +176.7% | +23.0% | +88.5% | +28.8% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
AMN Healthcare Services, Inc.'s operating margin was 6.3% in Q4 2025, up 5.0 pp QoQ and up 33.9 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of -2.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 4.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.8% | 31.1% | 23.2% | 29.8% | 28.7% | 29.8% | 31.0% | 25.2% | 26.2% | 26.8% | 33.9% | 33.3% | 32.8% |
| — | +4.3% | -25.2% | +18.4% | +9.8% | +11.0% | -8.6% | -24.3% | -20.1% | -19.5% | +0.3% | +3.3% | +2.5% | |
| Operating Margin | -3.4% | 6.3% | 1.3% | -18.8% | 1.8% | -27.6% | 3.2% | 5.1% | 4.9% | 4.2% | 10.2% | 9.2% | 11.2% |
| — | +122.9% | -58.9% | -469.5% | -62.7% | -760.2% | -68.2% | -45.0% | -56.4% | -60.6% | -15.0% | -28.1% | -16.7% | |
| Net Margin | -4.9% | -1.0% | 4.6% | -17.7% | -0.2% | -25.5% | 1.0% | 2.2% | 2.1% | 1.5% | 6.2% | 6.1% | 7.5% |
| — | +96.0% | +354.1% | -905.4% | -107.5% | -1772.3% | -83.7% | -64.3% | -71.7% | -79.0% | -23.3% | -29.2% | -20.6% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -19.1% | -1.2% | 4.7% | -17.6% | -0.2% | -23.5% | 0.8% | 1.9% | 2.1% | 1.5% | 6.7% | 7.1% | 8.4% |
| — | +94.9% | +491.6% | -1036.6% | -107.5% | -1649.6% | -88.2% | -73.5% | -75.6% | -79.8% | -21.1% | -39.4% | -35.4% | |
| ROA | -5.5% | -0.4% | 1.3% | -5.0% | -0.0% | -7.4% | 0.3% | 0.6% | 0.6% | 0.4% | 2.0% | 2.2% | 2.9% |
| — | +95.1% | +423.8% | -976.8% | -107.6% | -1748.0% | -87.2% | -73.9% | -79.5% | -83.8% | -34.6% | -44.3% | -36.3% | |
| ROIC | -3.9% | 2.5% | 0.4% | -5.8% | 0.5% | -7.9% | 0.8% | 1.4% | 1.4% | 1.3% | 3.6% | 3.7% | 5.0% |
| — | +131.6% | -48.2% | -526.8% | -61.7% | -705.8% | -77.5% | -63.1% | -71.9% | -73.1% | -35.1% | -51.4% | -41.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
AMN Healthcare Services, Inc.'s Debt/EBITDA ratio is 91.4x, up from 18.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 13.4% YoY to 0.94x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.55 | 1.16 | 1.37 | 1.57 | 1.45 | 1.55 | 1.32 | 1.41 | 1.54 | 1.62 | 1.19 | 1.40 | 1.05 |
| — | -25.6% | +4.1% | +11.6% | -5.8% | -4.4% | +10.4% | +0.6% | +47.3% | +96.9% | +56.9% | +68.7% | +30.9% | |
| Debt / EBITDA | 15.44 | 91.41 | 18.41 | — | 19.80 | — | 17.98 | 14.99 | 15.58 | 17.47 | 7.65 | 8.26 | 6.07 |
| — | — | +2.4% | — | +27.1% | — | +135.1% | +81.5% | +156.4% | +219.1% | +51.4% | +107.5% | +68.4% | |
| Current Ratio | 1.09 | 0.94 | 1.05 | 1.00 | 1.08 | 1.09 | 1.18 | 1.23 | 1.27 | 1.28 | 1.18 | 1.20 | 1.33 |
| — | -13.4% | -10.9% | -18.9% | -15.0% | -15.0% | +0.5% | +2.5% | -4.9% | +0.6% | -13.2% | -3.6% | +3.4% | |
| Quick Ratio | 1.09 | 0.94 | 1.05 | 1.00 | 1.08 | 1.09 | 1.18 | 1.23 | 1.27 | 1.28 | 1.18 | 1.20 | 1.33 |
| — | -13.4% | -10.9% | -18.9% | -15.0% | -15.0% | +0.5% | +2.5% | -4.9% | +0.6% | -13.2% | -3.6% | +3.4% | |
| Interest Coverage | -1.47 | 3.85 | 0.88 | -10.89 | 1.01 | -8.76 | 1.54 | 2.40 | 2.40 | 1.69 | 7.53 | 7.53 | 12.25 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonAMN Healthcare Services, Inc.'s current P/E is -5.1x. The average P/E over the last 1 quarters is 6.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
AMN Healthcare Services, Inc.'s current operating margin is -3.4%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking AMN Healthcare Services, Inc.'s business trajectory between earnings reports.