📊 AMN Key Takeaways
Is Amn Healthcare Services Inc. (AMN) a Good Investment?
AMN demonstrates fortress-like cash generation with exceptional free cash flow of $555.2M and 40.3% FCF margin, indicating an operationally efficient, asset-light healthcare staffing business. However, revenue declining 8.5% year-over-year presents a significant structural headwind that offsets financial strength, suggesting market contraction or competitive pressure requiring resolution before upgrading conviction.
AMN Healthcare’s fundamentals are under pressure: revenue is declining, margins have turned negative, and returns on equity and assets are both negative, indicating a meaningful deterioration in earnings quality. While operating cash flow and free cash flow remain solid, weak liquidity, elevated leverage, and negative interest coverage suggest the balance sheet has limited flexibility if profitability does not recover soon.
Amn Healthcare Services Inc. Key Strengths (AMN)
- Exceptional free cash flow generation ($555.2M) and 40.3% FCF margin demonstrates highly efficient, cash-accretive operations
- Strong cash position ($560.7M) and low capital intensity ($7.2M capex) provide substantial financial flexibility
- Effective shareholder returns with EPS growth of +35.6% despite flat net income, indicating disciplined capital allocation and buyback execution
- Operating cash flow of $269.46M and free cash flow of $233.83M show the business still generates meaningful cash despite earnings pressure
- Gross margin of 28.3% indicates the core service model retains some underlying pricing and cost structure resilience
- Equity remains positive at $642.11M, providing a remaining capital cushion despite recent losses
AMN Stock Risks: Amn Healthcare Services Inc. Investment Risks
- Significant revenue decline of -8.5% YoY indicates material market headwinds or competitive pressure in healthcare staffing sector
- Thin net profit margin of 4.5% leaves minimal buffer for margin compression or operational challenges
- Tight liquidity position (1.09x current ratio) and leverage above 1.0x (1.08x debt/equity) constrains financial flexibility amid revenue contraction
- Revenue declined 8.5% YoY while operating income fell to a loss, signaling weakening demand and operating deleverage
- Current and quick ratios of 0.94x indicate tight near-term liquidity and limited working capital buffer
- Debt-to-equity of 1.19x and negative interest coverage of -3.3x raise refinancing and balance-sheet risk if earnings stay weak
Key Metrics to Watch
- Revenue stabilization and path to return to growth
- Operating margin resilience and management of cost structure amid volume decline
- Free cash flow sustainability and capital allocation strategy (debt reduction vs. shareholder returns)
- Operating margin and interest coverage for signs of earnings recovery
- Revenue trend versus free cash flow sustainability
Amn Healthcare Services Inc. (AMN) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The 40.3% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments.
AMN Profit Margin, ROE & Profitability Analysis
AMN vs Services Sector: How Amn Healthcare Services Inc. Compares
How Amn Healthcare Services Inc. compares to Services sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Amn Healthcare Services Inc. Stock Overvalued? AMN Valuation Analysis 2026
Based on fundamental analysis, Amn Healthcare Services Inc. shows some fundamental concerns relative to the Services sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Amn Healthcare Services Inc. Balance Sheet: AMN Debt, Cash & Liquidity
AMN Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Amn Healthcare Services Inc.'s revenue has remained relatively flat over the 5-year period, with a 5% decline. The most recent EPS of $5.36 reflects profitable operations.
AMN Revenue Growth, EPS Growth & YoY Performance
AMN Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $689.5M | -$1.1M | $-0.03 |
| Q3 2025 | $634.5M | $7.0M | $0.18 |
| Q2 2025 | $658.2M | $16.2M | $0.42 |
| Q1 2025 | $689.5M | -$1.1M | $-0.03 |
| Q3 2024 | $687.5M | $7.0M | $0.18 |
| Q2 2024 | $740.7M | $16.2M | $0.42 |
| Q1 2024 | $820.9M | $17.3M | $0.45 |
| Q3 2023 | $853.5M | $53.2M | $1.39 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Amn Healthcare Services Inc. Dividends, Buybacks & Capital Allocation
AMN SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Amn Healthcare Services Inc. (CIK: 0001142750)
📋 Recent SEC Filings
❓ Frequently Asked Questions about AMN
What is the AI rating for AMN?
Amn Healthcare Services Inc. (AMN) has a Combined AI Grade of C from Claude (B) and ChatGPT (C) with 77% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are AMN's key strengths?
Claude: Exceptional free cash flow generation ($555.2M) and 40.3% FCF margin demonstrates highly efficient, cash-accretive operations. Strong cash position ($560.7M) and low capital intensity ($7.2M capex) provide substantial financial flexibility. ChatGPT: Operating cash flow of $269.46M and free cash flow of $233.83M show the business still generates meaningful cash despite earnings pressure. Gross margin of 28.3% indicates the core service model retains some underlying pricing and cost structure resilience.
What are the risks of investing in AMN?
Claude: Significant revenue decline of -8.5% YoY indicates material market headwinds or competitive pressure in healthcare staffing sector. Thin net profit margin of 4.5% leaves minimal buffer for margin compression or operational challenges. ChatGPT: Revenue declined 8.5% YoY while operating income fell to a loss, signaling weakening demand and operating deleverage. Current and quick ratios of 0.94x indicate tight near-term liquidity and limited working capital buffer.
What is AMN's revenue and growth?
Amn Healthcare Services Inc. reported revenue of $1.4B.
Does AMN pay dividends?
Amn Healthcare Services Inc. does not currently pay dividends.
Where can I find AMN SEC filings?
Official SEC filings for Amn Healthcare Services Inc. (CIK: 0001142750) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is AMN's EPS?
Amn Healthcare Services Inc. has a diluted EPS of $1.59.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is AMN's fundamental grade?
Based on our AI fundamental analysis in June 2026, Amn Healthcare Services Inc. has a C grade with 77% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is AMN stock overvalued or undervalued?
Valuation metrics for AMN: ROE of 8.7% (sector avg: 16%), net margin of 4.5% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
What is AMN's AI grade for 2026?
Our dual AI analysis gives Amn Healthcare Services Inc. a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is AMN's free cash flow?
Amn Healthcare Services Inc.'s operating cash flow is $562.5M, with capital expenditures of $7.2M. FCF margin is 40.3%.
How does AMN compare to other Services stocks?
Vs Services sector averages: Net margin 4.5% (avg: 10%), ROE 8.7% (avg: 16%), current ratio 1.09 (avg: 1.5).