AMN Healthcare Services (AMN) AI Stock Analysis

• Market Cap: $790.63M
• Dividend Yield: N/A
• Average Volume (3M): 694.73K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: -11.42%
• EPS Growth: -617.31%
• Country: US
• Employees: 2,968
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Care Facilities
• EPS (TTM): 0.39
• Shares Outstanding: 38,324,257
• 10 Day Avg. Volume: 685,703
• 30 Day Avg. Volume: 694,732
• PEG Ratio: 0.04
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 0.31
• P/FCF Ratio: 3.81
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: $21.83
• Price Target Upside: 22.16% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $18.50 ▲(3.53% Upside)

AMN Healthcare Services' overall stock score is primarily impacted by its financial performance challenges, including declining revenue and profitability, high leverage, and reduced cash flow efficiency. Technical indicators suggest a bearish trend, and valuation metrics are weak due to negative earnings. However, the recent earnings call provided some positive insights, such as exceeding revenue expectations and improved client satisfaction, which slightly mitigate the negative aspects.

Positive Factors

Revenue Exceeding Expectations

Exceeding revenue expectations indicates strong demand and effective execution, which can lead to sustained growth and market confidence.

Debt Refinancing

Refinancing debt improves financial flexibility and reduces near-term financial risk, supporting long-term stability and growth.

Improved Client Satisfaction

Higher client satisfaction can lead to increased client retention and new business opportunities, bolstering long-term revenue streams.

Negative Factors

Declining Revenue

Continued revenue decline suggests challenges in market demand or competitive positioning, potentially impacting future growth prospects.

High Leverage

High leverage can limit financial flexibility and increase risk, especially if cash flow generation does not improve to cover debt obligations.

Gross Margin Decline

A declining gross margin indicates pricing pressures and cost management issues, which could erode profitability if not addressed.

AMN Healthcare Services Business Overview & Revenue Model

Company Description

AMN Healthcare Services, Inc. is a leading provider of healthcare workforce solutions and staffing services in the United States. The company specializes in temporary and permanent placement of healthcare professionals, including nurses, physicians, allied health professionals, and other clinical staff. AMN operates in various sectors such as travel nursing, locum tenens, and healthcare technology, offering innovative solutions that address the staffing needs of healthcare facilities across the nation.

How the Company Makes Money

AMN Healthcare generates revenue primarily through its staffing and workforce solutions services. The company earns money by charging healthcare facilities for the provision of temporary and permanent staffing services, typically on a per-hour or per-placement basis. Key revenue streams include travel nursing, locum tenens staffing, and other allied healthcare staffing solutions. Additionally, AMN offers workforce management solutions and technology services, which contribute to its earnings. Significant partnerships with hospitals, healthcare systems, and other organizations enhance its market presence and drive revenue growth, as these collaborations often lead to long-term contracts and stable income streams.

AMN Healthcare Services Financial Statement Overview

Summary

AMN Healthcare Services is facing financial challenges with declining revenue and profitability. The income statement shows negative revenue growth and profit margins, while the balance sheet indicates high leverage. Despite these issues, cash flow remains a relative strength, providing some liquidity.

Income Statement

AMN Healthcare Services has faced declining revenue and profitability in recent periods. The TTM data shows a negative revenue growth rate of -2.89% and a net profit margin of -10.75%, indicating significant challenges in maintaining profitability. Historical data shows a downward trend in revenue and profit margins, with EBIT and EBITDA margins turning negative in the TTM period.

Balance Sheet

The company's balance sheet reflects high leverage, with a debt-to-equity ratio of 1.57 in the TTM period, indicating potential financial risk. The return on equity has turned negative, reflecting recent losses. However, the equity ratio remains stable, suggesting some balance sheet resilience despite recent challenges.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth, with a negative growth rate of -135.2% in the TTM period. However, the company maintains a relatively healthy free cash flow to net income ratio of 0.82, indicating some ability to generate cash despite net losses. Operating cash flow remains positive, providing some liquidity cushion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.72B	2.98B	3.79B	5.24B	3.98B	2.39B
Gross Profit	797.92M	919.38M	1.25B	1.72B	1.31B	791.78M
EBITDA	-135.20M	71.11M	499.36M	784.21M	581.70M	243.45M
Net Income	-275.54M	-146.98M	210.68M	444.05M	327.39M	70.67M
Balance Sheet
Total Assets	2.14B	2.42B	2.92B	2.89B	3.13B	2.35B
Cash, Cash Equivalents and Short-Term Investments	52.64M	10.65M	32.94M	64.52M	180.93M	29.21M
Total Debt	846.76M	1.10B	1.35B	860.96M	867.07M	955.48M
Total Liabilities	1.49B	1.71B	2.09B	1.84B	1.97B	1.53B
Stockholders Equity	644.41M	706.62M	831.26M	1.04B	1.16B	819.68M
Cash Flow
Free Cash Flow	222.80M	239.53M	266.78M	572.81M	251.69M	217.72M
Operating Cash Flow	266.70M	320.42M	372.17M	653.73M	305.36M	256.83M
Investing Cash Flow	-67.26M	-79.94M	-412.49M	-170.71M	-107.40M	-538.17M
Financing Cash Flow	-79.90M	-259.45M	10.73M	-591.87M	-34.90M	211.49M

AMN Healthcare Services Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.87
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMN, the sentiment is Negative. The current price of 17.87 is below the 20-day moving average (MA) of 19.98, below the 50-day MA of 19.61, and below the 200-day MA of 21.33, indicating a bearish trend. The MACD of -0.15 indicates Positive momentum. The RSI at 38.66 is Neutral, neither overbought nor oversold. The STOCH value of 29.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMN.

AMN Healthcare Services Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HCSG	72 Outperform	$1.23B	31.94	8.07%	―	6.26%	-19.33%
ASTH	61 Neutral	$1.67B	132.65	1.29%	―	68.17%	-85.23%
AVAH	54 Neutral	$1.92B	114.76	―	―	15.48%	―
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
AMN	50 Neutral	$790.63M	―	-35.90%	―	-11.42%	-617.31%
CCRN	49 Neutral	$394.76M	-46.54	-1.96%	―	-24.30%	-210.27%
MODVQ	44 Neutral	$28.71K	―	―	―	-0.70%	-2.38%

AMN Healthcare Services Corporate Events

AMN Healthcare Exceeds Earnings Expectations Amid Challenges

AMN Healthcare’s recent earnings call painted a generally positive picture, with the company surpassing revenue and EBITDA expectations, and experiencing a strong demand recovery. While there were challenges such as declines in gross margin and specific segments facing revenue decreases, the overall sentiment was optimistic, with highlights slightly outweighing the lowlights.

AMN Healthcare Reports Mixed Q3 2025 Results

AMN Healthcare Services, Inc. is a leading provider of total talent solutions for healthcare organizations across the United States, offering a comprehensive suite of workforce technologies and a network of healthcare professionals.

AMN Healthcare Issues $400M Senior Notes for Refinancing

On October 6, 2025, AMN Healthcare, Inc., a subsidiary of AMN Healthcare Services, Inc., issued $400 million in 6.500% Senior Notes due in 2031. This issuance, part of a strategic financial maneuver, is aimed at refinancing existing debt and optimizing the company’s capital structure. Concurrently, the company amended its existing credit agreement, reducing its revolving credit facility from $750 million to $450 million and extending its maturity to 2030. These actions are expected to enhance financial flexibility and support the company’s long-term growth objectives.

The most recent analyst rating on (AMN) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on AMN Healthcare Services stock, see the AMN Stock Forecast page.

AMN Healthcare Announces $400M Senior Notes Offering

On September 22, 2025, AMN Healthcare announced an unregistered offering of $400 million in senior unsecured notes due 2031, with the proceeds intended to redeem $500 million of notes due 2027 and cover related expenses. This strategic financial move aims to optimize the company’s debt structure, potentially enhancing its financial flexibility and market positioning.

The most recent analyst rating on (AMN) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on AMN Healthcare Services stock, see the AMN Stock Forecast page.

AMN Healthcare Services Amends Credit Agreement Terms

AMN Healthcare Services announced plans to amend its existing Credit Agreement, originally dated February 9, 2018. The amendment will extend the maturity of its revolving credit facility to October 2030, reduce its size from $750 million to $450 million, and adjust the credit spread and leverage ratio terms. The final documentation for this amendment is expected to be executed in the fourth quarter of 2025, potentially impacting the company’s financial flexibility and operational strategy.

The most recent analyst rating on (AMN) stock is a Hold with a $20.00 price target. To see the full list of analyst forecasts on AMN Healthcare Services stock, see the AMN Stock Forecast page.

AMN Healthcare’s Mixed Earnings Call: Strong Performance Amid Challenges

The recent earnings call for AMN Healthcare painted a mixed picture, showcasing both strong financial performance and strategic initiatives, while also highlighting some challenges. The company reported robust financial results and strategic advancements, such as the AMN Passport and AI technology, which were key positives. However, concerns were raised due to revenue declines, particularly in the Travel Nurse segment, and significant impairment charges. Despite these challenges, strategic debt reduction and anticipated growth in international staffing offer a glimmer of optimism for the future.

AMN Healthcare Reports Q2 2025 Financial Results

AMN Healthcare Services, Inc. is a leading provider of total talent solutions for healthcare organizations across the United States, offering a comprehensive network of healthcare professionals and workforce technologies.