PACS financial statements
The full income statement, balance sheet, and cash-flow statement for PACS Group Inc. (PACS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 5.29B+29.4% | 4.09B+31.4% | 3.11B+29.6% | 2.40B | ||
| Lease income | 1.05M-66.0% | 3.08M+207.0% | 1.00M-26.1% | 1.36M | |
| Selling, general & administrative | 415M+20.7% | 344M+60.9% | 214M+43.4% | 149M | |
| General & administrative | 415M+20.7% | 344M+60.9% | 214M+43.4% | 149M | |
| Operating income | 310M+151.6% | 123M-40.8% | 208M-9.4% | 229M | |
| Interest expense | 28.4M-36.0% | 44.3M-11.2% | 49.9M+95.5% | 25.5M | |
| Other non-operating income | -25.1M-16.9% | -21.5M-3914.7% | -536K-116.6% | 3.22M | |
| Equity-method income | -773K+83.1% | -4.57M-1067.5% | -391K-13.0% | -346K | |
| Pre-tax income | 284M+180.1% | 102M-35.4% | 157M-24.0% | 207M | |
| Income tax | 93.0M+101.2% | 46.2M+4.0% | 44.4M-21.4% | 56.5M | |
| 192M+243.5% | 55.8M-50.6% | 113M-25.0% | 150M | ||
| Net income to non-controlling interest | -82.0K+80.3% | -416K-5300.0% | 8.00K | 0.00 | |
| Net income to common | 192M+243.5% | 55.8M-50.6% | 113M-25.0% | 150M | |
| $1.22+221.1% | $0.38-56.8% | $0.88-24.8% | $1.17 | ||
| EPS (basic) | $1.23+223.7% | $0.38-56.8% | $0.88-24.8% | $1.17 | |
| Weighted-avg shares (basic) | 156M+6.5% | 147M+13.9% | 129M+0.0% | 129M | |
| Weighted-avg shares (diluted) | 157M+5.5% | 149M+15.4% | 129M+0.0% | 129M | |
| Dividends per share | — | $0.22-65.2% | $0.62+33.4% | $0.47 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 1.07B+14.0% | 938M+29.9% | 722M | — | ||
| Cash & equivalents | 197M+25.0% | 158M+114.8% | 73.4M+26.0% | 58.3M | |
| Accounts receivable | 628M-2.1% | 642M+17.2% | 548M | — | |
| Prepaid expenses | 171M+166.3% | 64.1M+31.6% | 48.7M | — | |
| 5.58B+6.5% | 5.24B+49.3% | 3.51B | — | ||
| Operating lease right-of-use | 2.97B-0.9% | 2.99B+49.1% | 2.01B | — | |
| Goodwill | 61.8M+1.6% | 60.8M+3.0% | 59.0M+6.9% | 55.2M | |
| Other non-current assets | 171M+6.4% | 161M+29.6% | 124M | — | |
| 1.00B+2.4% | 978M+114.1% | 457M | — | ||
| Accounts payable | 192M+9.8% | 175M+24.2% | 141M | — | |
| Short-term & current debt | 4.46M-70.0% | 14.9M-11.7% | 16.8M | — | |
| Current lease liability | 153M+12.4% | 136M+24.5% | 109M | — | |
| Finance lease liability (current) | 28.9M+36.6% | 21.2M+2148.1% | 942K | — | |
| 4.63B+2.3% | 4.53B+32.7% | 3.41B | — | ||
| Long-term debt | 245M-2.5% | 251M+28.2% | 196M | — | |
| Non-current lease liability | 2.94B+0.1% | 2.94B+49.6% | 1.96B | — | |
| Operating lease liability (total) | 3.09B+0.7% | 3.07B | — | — | |
| Finance lease liability (total) | 156M+6.3% | 147M | — | — | |
| Finance lease liability | 127M+1.2% | 125M+207.8% | 40.8M | — | |
| Other non-current liabilities | 153M-22.4% | 197M+51.3% | 130M | — | |
| 947M+33.4% | 710M+638.1% | 96.1M+40.0% | 68.7M | ||
| Common stock | 157K+1.3% | 155K+20.2% | 129K | — | |
| Additional paid-in capital | 637M+7.7% | 591M | 0.00 | — | |
| Retained earnings | 310M+162.3% | 118M+23.0% | 96.0M | — | |
| Accumulated other comprehensive income | — | — | 0.00 | — | |
| Non-controlling interest | 5.68M-7.5% | 6.14M+9.6% | 5.60M | — | |
| Total equity incl. non-controlling | 952M+33.1% | 716M+603.5% | 102M+48.2% | 68.7M | |
| Total liabilities & equity | 5.58B+6.5% | 5.24B+49.3% | 3.51B | — | |
| Common shares issued | 157M+0.9% | 155M+20.6% | 129M | — | |
| Common shares outstanding | 157M+0.9% | 155M+20.6% | 129M | — | |
| Shares outstanding (cover) | 157M | — | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 404M+10.0% | 367M+476.7% | 63.7M-31.2% | 92.6M | ||
| Share-based compensation | 54.1M-53.2% | 116M | 0.00 | 0.00 | |
| Deferred income taxes | -17.7M+60.1% | -44.5M-348.3% | -9.92M-416.6% | -1.92M | |
| Change in receivables | -13.6M-114.5% | 94.0M-46.9% | 177M+54.6% | 114M | |
| Change in payables | 14.9M-55.5% | 33.4M+0.1% | 33.4M+1.7% | 32.8M | |
| Other operating activities | 573K-32.0% | 843K+45.1% | 581K+14425.0% | 4.00K | |
| -264M+40.4% | -443M-156.2% | -173M-129.4% | -75.3M | ||
| Capital expenditure | 105M+58.6% | 66.5M+45.2% | 45.8M+100.3% | 22.9M | |
| Free cash flow | 299M-0.7% | 301M+1579.5% | 17.9M-74.3% | 69.8M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | |
| -69.0M-158.7% | 117M-9.3% | 130M+949.3% | 12.3M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 95.3M | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00-100.0% | 33.7M-58.1% | 80.4M+33.4% | 60.3M | |
| Net change in cash | 71.2M+69.0% | 42.1M+105.6% | 20.5M-30.9% | 29.6M | |
| Interest paid | 40.5M-16.0% | 48.2M-4.6% | 50.6M+95.1% | 25.9M | |
| Income taxes paid | 84.0M-22.1% | 108M+79.7% | 60.0M+41.0% | 42.6M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 6.03B+196.6% | 2.03B | — | — | |
| P/E | 31.5×-13.7% | 36.5× | — | — | |
| P/S | 1.1×+129.2% | 0.5× | — | — | |
| P/B | 6.4×+122.3% | 2.9× | — | — | |
| P/FCF | 20.2×+198.6% | 6.8× | — | — | |
| Earnings yield | 3.2%+15.8% | 2.7% | — | — | |
| FCF yield | 5.0%-66.5% | 14.8% | — | — | |
| Dividend yield | — | 1.7% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PACS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PACS filings on SEC EDGAR → Not investment advice.