Ensign (ENSG) financial statements
Ensign reported revenue of $5.0B in fiscal 2025, up 13.2% a year over 9 years.
Net income was $344M and the operating margin 8.5%, against 5.6% in 2016.
Free cash flow was $371M, and the company returned $14M in dividends and $20M in net buybacks.
The diluted share count rose 13% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Ensign's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.6B | $1.8B | $2.0B | $2.4B | $2.6B | $3.0B | $3.7B | $4.2B | $5.0B |
| Cost of revenue | $1.3B | $1.3B | $1.4B | $1.6B | $1.9B | $2.0B | $2.4B | $2.9B | $3.4B | $4.0B |
| Gross profit | $313M | $285M | $336M | $416M | $522M | $608M | $671M | $767M | $861M | $1.0B |
| Selling, general and admin | $69M | $74M | $91M | $111M | $130M | $152M | $159M | $263M | $225M | $270M |
| Operating income | $92M | $43M | $85M | $129M | $223M | $260M | $297M | $255M | $358M | $425M |
| Interest expense | $7M | $14M | $15M | $16M | $9M | $7M | $9M | $8M | $8M | $8M |
| Pre-tax income | $86M | $31M | $72M | $116M | $218M | $258M | $289M | $273M | $386M | $456M |
| Income tax | $33M | $14M | $13M | $24M | $46M | $60M | $64M | $63M | $88M | $111M |
| Net income | $50M | $40M | $92M | $111M | $170M | $195M | $225M | $209M | $298M | $344M |
| EPS (diluted) | $0.96 | $0.77 | $1.70 | $1.97 | $3.06 | $3.42 | $3.95 | $3.65 | $5.12 | $5.84 |
| Diluted shares | 52M | 53M | 54M | 56M | 56M | 57M | 57M | 57M | 58M | 59M |
| Gross margin | 18.9% | 17.8% | 19.2% | 20.4% | 21.9% | 23.1% | 22.2% | 20.7% | 20.3% | 20.1% |
| Operating margin | 5.6% | 2.7% | 4.8% | 6.3% | 9.3% | 9.9% | 9.8% | 6.9% | 8.5% | 8.5% |
| Net margin | 3.0% | 2.5% | 5.3% | 5.4% | 7.1% | 7.4% | 7.4% | 5.6% | 7.0% | 6.8% |
Balance sheet
Fiscal years, from Ensign's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $69M | $55M | $40M | $77M | $250M | $276M | $332M | $527M | $527M | $572M |
| Receivables | $244M | $265M | $252M | $309M | $305M | $329M | $408M | $485M | $570M | $637M |
| Total current assets | $334M | $368M | $348M | $411M | $583M | $640M | $781M | $1.0B | $1.2B | $1.3B |
| Property, plant and equipment | $484M | $537M | $608M | $768M | $778M | $888M | $992M | $1.1B | $1.3B | $1.7B |
| Goodwill | $46M | $53M | $50M | $54M | $54M | $60M | $77M | $77M | $98M | $98M |
| Total assets | $1.0B | $1.1B | $1.2B | $2.4B | $2.5B | $2.9B | $3.5B | $4.2B | $4.7B | $5.5B |
| Total current liabilities | $212M | $226M | $269M | $343M | $562M | $523M | $582M | $735M | $743M | $894M |
| Long-term debt | $275M | $303M | $233M | — | — | $153M | $149M | $145M | $142M | $138M |
| Total liabilities | $541M | $602M | $580M | $1.7B | $1.7B | $1.8B | $2.2B | $2.7B | $2.8B | $3.2B |
| Shareholders' equity | $456M | $492M | $591M | $654M | $818M | $1.0B | $1.2B | $1.5B | $1.8B | $2.2B |
| Net debt | $226M | $271M | $212M | -$56M | -$234M | -$106M | -$163M | -$360M | -$319M | -$362M |
Cash flow
Fiscal years, from Ensign's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $74M | $80M | $210M | $192M | $373M | $276M | $273M | $377M | $347M | $564M |
| Capital spending | $66M | $54M | $51M | $72M | $50M | $70M | $88M | $106M | $158M | $194M |
| Free cash flow | $8M | $25M | $159M | $121M | $323M | $206M | $185M | $270M | $189M | $371M |
| Stock-based compensation | $9M | $8M | $8M | $11M | $15M | $19M | $23M | $31M | $36M | $48M |
| Dividends paid | $8M | $9M | $9M | $10M | $11M | $12M | $12M | $13M | $14M | $14M |
| Share buybacks (net) | -$30M | -$7M | $0 | -$6M | -$25M | -$10M | -$30M | $0 | $0 | -$20M |
| Net borrowing | -$660M | -$990M | -$915M | $83M | -$213M | $42M | -$4M | -$4M | -$4M | -$4M |
| Free cash flow margin | 0.5% | 1.6% | 9.1% | 5.9% | 13.5% | 7.8% | 6.1% | 7.3% | 4.5% | 7.4% |
| Dividends per share | $0.16 | $0.17 | $0.17 | $0.18 | $0.19 | $0.20 | $0.21 | $0.22 | $0.23 | $0.24 |
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Open ENSG in InvestinglyQuestions
What was Ensign's revenue in 2025?
$5.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Ensign generate?
$371M in fiscal 2025 (operating cash flow minus capital spending).
From Ensign's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.