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The Ensign Group ENSG Base Management Fee — Management fees

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Other financials

Income statement

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Revenue$1.4B+17.3%
Gross profit$306.2M+19.6%
Operating income$122.5M+17.9%
Net income$99.7M+18.2%
EPS (diluted)$1.68+16.7%

Balance sheet

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Cash & equivalents$262.3M-27.9%
Total debt$2.3B+10.3%
Total equity$2.4B+21.0%
Total assets$5.7B+16.6%

Cash flow

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Operating cash flow$172.0M+10.4%
CapEx$900.0K
Free cash flow$171.1M+9.1%

Valuation

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Market cap$10.41B+14.1%
Enterprise value$12.4B+14.8%
P/E27.5×-0.8×
P/S1.9×-0.1×

Profitability

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Gross margin20.7%0.0pp
Operating margin8.5%0.0pp
Net margin6.9%-0.1pp
FCF margin10.8%+1.0pp

Returns & leverage

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Return on equity17%-0.6pp
Debt / equity0.9×-0.1×
Current ratio1.2×-0.2×

Where this comes from

Reported directly by The Ensign Group in its filing.

Tagged under the XBRL concept us-gaap:ManagementFeeExpense.

The source filing: The Ensign Group’s 10-Q, filed July 27, 2026.

Filed
Jul 27, 2026, 6:02 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001125376-26-000034

Standard Bearer has no employees. The Service Center provides personnel and services to Standard Bearer pursuant to the management agreement between Standard Bearer and the Service Center. The management agreement provides for a base management fee that is equal to 5.0% of total rental revenue and an incentive management fee that is equal to 5.0% of funds from operations (FFO) and is capped at 1.0% of total rental revenue, for a total of 6.0%. Management fee generated between Standard Bearer and the Service Center for the three and six months ended June 30, 2026 were $2,646 and $4,809, respectively. Management fees generated between Standard Bearer and the Service Center for the three and six months ended June 30, 2025 were $1,883 and $3,575, respectively.

Item 1. FINANCIAL STATEMENTS

FAQ

What is The Ensign Group's base management fee — management fees?
The Ensign Group (ENSG) reported base management fee — management fees of $2.65M in Q2 2026.
How has The Ensign Group's base management fee — management fees changed year-over-year?
The Ensign Group's base management fee — management fees increased by 40.5% year-over-year, from $1.88M to $2.65M.
What does base management fee — management fees mean?
This metric tracks the total dollar amount of management fees earned by the company for overseeing the operations of its healthcare facilities. It reflects the scale of the company's management services business and the aggregate revenue generated from its property management activities. Growth in this figure typically correlates with an expanding portfolio of managed assets or improved revenue performance across existing facilities.

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