Pacs Group, Inc. key statistics and ratios

In fiscal 2025, Pacs Group, Inc. had return on equity of 23.1%, an operating margin of 5.9%, debt equal to 37.3% of equity and a current ratio of 1.07. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Pacs Group, Inc.: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Operating margin	9.5%	6.7%	3.0%	5.9%	7.4%
Net margin	6.2%	3.6%	1.4%	3.6%	4.8%
Free-cash-flow margin	2.9%	0.6%	7.4%	5.6%	8.2%
Return on equity	—	137.0%	13.8%	23.1%	26.2%
Return on assets	—	3.2%	1.3%	3.5%	4.8%
Asset turnover	—	0.89	0.93	0.98	0.99
Current ratio	—	1.58	0.96	1.07	0.91
Debt to equity	0.0%	558.5%	78.1%	37.3%	22.2%
Interest cover (operating income ÷ interest)	9.0x	4.2x	2.8x	10.9x	13.9x
Effective tax rate	27.3%	28.2%	45.5%	32.7%	29.7%
Capital spending as % of revenue	0.9%	1.5%	1.6%	2.0%	2.1%
Free cash flow ÷ net income	46.3%	15.9%	539.6%	156.0%	169.3%
Dividends ÷ net income	40.1%	71.2%	60.5%	0.0%	—
Dividends and buybacks ÷ free cash flow	86.4%	448.8%	11.2%	0.0%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Pacs Group, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	17.2%	—	—	—	—	—	—	—
Operating margin	2.2%	6.0%	3.8%	6.1%	6.4%	7.0%	8.5%	7.7%
Net margin	1.5%	3.1%	2.2%	3.9%	3.9%	4.4%	5.7%	5.3%
Free-cash-flow margin	18.8%	3.3%	10.4%	2.6%	13.9%	−4.0%	15.1%	7.6%
Current ratio	1.08	0.96	0.98	0.92	0.94	1.07	0.99	0.91
Debt to equity	40.8%	37.5%	34.9%	31.9%	29.1%	26.3%	23.9%	22.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 6 checks passed · June 30, 2026

What it owns · $5.7bn

Short-term assets $962mLonger-term assets $4.7bn

What it owes, and who funded it · $5.7bn

Short-term liabilities $1.1bnLonger-term liabilities $3.5bnShareholders' equity $1.1bn

Short-term assets cover short-term liabilities $962m of assets due within a year against $1.1bn of liabilities due within a year.
Short-term assets cover long-term liabilities $962m short-term assets against $3.5bn of longer-dated liabilities.
More cash than debt $164m of cash against $246m of debt.
Debt below 40% of shareholders' equity Debt is 22% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $573m of operating cash flow against $246m of debt.
Operating profit covers interest at least five times over Operating income of $410m against $30m of interest.

From Pacs Group, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: ENSG vs PACS ACHC vs PACS PACS vs SGRY

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Figures from Pacs Group, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Pacs Group, Inc.