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PACS Group PACS Equity Method Investments

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Other financials

Income statement

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Revenue$1.4B+11.2%
Gross profit$346.0M+36.5%
Operating income$120.0M+149%
Net income$80.7M+183%
EPS (diluted)$0.50+194%

Balance sheet

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Cash & equivalents$273.7M-5.8%
Total debt$3.5B-3.2%
Total equity$1.0B+38.2%
Total assets$5.7B+3.1%

Cash flow

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Operating cash flow$236.3M+57.3%
CapEx$21.8M+23.2%
Free cash flow$214.5M+61.9%

Valuation

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Market cap$7.67B+335%
Enterprise value$10.86B+116%
P/E31.5×+18.1×
P/S1.4×+1.0×

Profitability

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Gross margin23%+3.7pp
Operating margin7%+4.6pp
Net margin4.5%+3.4pp
FCF margin7.7%

Returns & leverage

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Return on equity27.3%+15.8pp
Debt / equity3.3×-1.4×
Current ratio0.0×

Where this comes from

Reported directly by PACS Group in its filing.

Tagged under the XBRL concept us-gaap:EquityMethodInvestments.

The source filing: PACS Group’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0002001184-26-000023

As of March 31, 2026 and December 31, 2025, the Company held $29,819 and $30,801, respectively, in multiple equity method investments, referred to as partnerships, included in other assets on the Company’s condensed consolidated balance sheets. These operations were formed to develop, own, and lease health care facilities. Some of the partnerships hold options to purchase the related real estate property holdings. Each of the entities is governed by a managing member who makes the significant decisions that impact the economic performance of the entity. The Company is not the managing member of any of the entities in which it is invested.

Item 1. Financial Statements (unaudited)

FAQ

What is PACS Group's equity method investments?
PACS Group (PACS) reported equity method investments of $29.82M in Q1 2026.
How has PACS Group's equity method investments changed year-over-year?
PACS Group's equity method investments decreased by 16.2% year-over-year, from $35.57M to $29.82M.
What is the long-term trend for PACS Group's equity method investments?
Over 2 years (2023 to 2025), PACS Group's equity method investments has grown at a 57.8% compound annual growth rate (CAGR), from $12.36M to $30.8M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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