Healthcare Services (HCSG) financial statements
Healthcare Services reported revenue of $1.8B in fiscal 2025, up 1.8% a year over 9 years.
Net income was $59M.
Free cash flow was $139M, and the company returned $62M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Healthcare Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.9B | $2.0B | $1.8B | $1.8B | $1.6B | $1.7B | $1.7B | $1.7B | $1.8B |
| Cost of revenue | $1.3B | $1.6B | $1.8B | $1.6B | $1.5B | $1.4B | $1.5B | $1.5B | $1.5B | $1.6B |
| Gross profit | $223M | $251M | $234M | $228M | $268M | $231M | $193M | $215M | $228M | $239M |
| Selling, general and admin | $105M | $127M | $137M | $150M | $151M | $173M | $140M | $167M | $183M | $191M |
| Interest expense | — | $1M | $3M | $3M | — | — | — | — | — | — |
| Pre-tax income | $120M | $133M | $100M | $85M | $129M | $66M | $45M | $53M | $53M | $68M |
| Income tax | $43M | $45M | $16M | $21M | $31M | $17M | $10M | $15M | $13M | $9M |
| Net income | $77M | $88M | $84M | $65M | $99M | $49M | $34M | $38M | $39M | $59M |
| EPS (diluted) | $1.05 | $1.19 | $1.12 | $0.87 | $1.32 | $0.65 | $0.46 | $0.52 | $0.53 | $0.81 |
| Diluted shares | 73M | 74M | 75M | 75M | 75M | 75M | 74M | 74M | 74M | 73M |
| Gross margin | 14.3% | 13.5% | 11.7% | 12.4% | 15.2% | 14.0% | 11.4% | 12.8% | 13.3% | 13.0% |
| Net margin | 5.0% | 4.7% | 4.2% | 3.5% | 5.6% | 3.0% | 2.0% | 2.3% | 2.3% | 3.2% |
Balance sheet
Fiscal years, from Healthcare Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $92M | $83M | $102M | $118M | $264M | $185M | $121M | $147M | $107M | $168M |
| Receivables | — | — | — | — | — | — | — | $345M | $331M | $281M |
| Inventory | — | — | — | — | — | — | — | — | — | $17M |
| Total current assets | $415M | $527M | $508M | $516M | $572M | $546M | $509M | $572M | $557M | $576M |
| Property, plant and equipment | $13M | $14M | $13M | $29M | — | — | — | — | — | — |
| Goodwill | $44M | $51M | $51M | $51M | $51M | $75M | $76M | $76M | $76M | $80M |
| Total assets | $528M | $676M | $693M | $723M | $785M | $780M | $721M | $791M | $803M | $794M |
| Total current liabilities | $101M | $184M | $163M | $149M | $162M | $191M | $189M | $217M | $193M | $170M |
| Total liabilities | $190M | $276M | $252M | $262M | $315M | $332M | $303M | $334M | $303M | $284M |
| Shareholders' equity | $339M | $400M | $441M | $460M | $470M | $445M | $418M | $457M | $500M | $510M |
| Net debt | -$24M | -$10M | -$26M | -$27M | -$139M | -$71M | -$26M | -$54M | -$57M | -$125M |
Cash flow
Fiscal years, from Healthcare Services's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $41M | $8M | $80M | $94M | $217M | $37M | -$8M | $43M | $31M | $145M |
| Capital spending | $5M | $5M | $5M | $4M | $4M | $6M | $5M | $5M | $6M | $6M |
| Free cash flow | $36M | $2M | $75M | $89M | $213M | $31M | -$13M | $38M | $24M | $139M |
| Stock-based compensation | $4M | $6M | $6M | $7M | $8M | $9M | $9M | $9M | $9M | $12M |
| Dividends paid | $53M | $55M | $57M | $59M | $61M | $62M | $63M | $0 | $0 | — |
| Share buybacks (net) | — | — | — | $0 | $0 | -$22M | $0 | -$11M | -$5M | -$62M |
| Net borrowing | $0 | $35M | -$5M | -$20M | -$10M | $0 | $25M | $0 | -$25M | $0 |
| Free cash flow margin | 2.3% | 0.1% | 3.7% | 4.8% | 12.1% | 1.9% | -0.8% | 2.3% | 1.4% | 7.6% |
| Dividends per share | $0.73 | $0.74 | $0.77 | $0.79 | $0.81 | $0.83 | $0.85 | — | — | — |
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Open HCSG in InvestinglyQuestions
What was Healthcare Services's revenue in 2025?
$1.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Healthcare Services generate?
$139M in fiscal 2025 (operating cash flow minus capital spending).
From Healthcare Services's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.