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BrightSpring Health Services, Inc. operates as a home and community-based healthcare services platform in the United States. The company operates through two segments, Pharmacy Solutions and Provider Services. Its platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations. It also offers infused, injectable, and oral medication services; and patient-centric, highly skilled, and compassionate clinical home health care, as well as rehabilitation services, including physical, speech and occupational therapy and applied behavioral analysis. The company was formerly known as Phoenix Parent Holdings Inc. and changed its name to BrightSpring Health Services, Inc. in May 2021. BrightSpring Health Services, Inc. was founded in 1974 and is headquartered in Louisville, Kentucky.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $12.9B | $460M | $191M | $395M | 10.2% | 28.2% | -1155.6% |
| 2024 | $10.1B | $300M | $-18M | $-57M | -1.1% | 31.0% | -88.3% |
| 2023 | $7.7B | $260M | $-155M | $137M | -26.4% | -0.4% | 186.8% |
| 2022 | $7.7B | $392M | $-54M | $-75M | -7.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,720.56 | 7,691.02 | 10,072.21 | 12,910.56 |
| Cost Of Revenue | - | 6,366.32 | 6,552.02 | 8,805.79 | 11,392.79 |
| Gross Profit | - | 1,354.24 | 1,139 | 1,266.43 | 1,517.78 |
| Operating Expense | - | 1,125.56 | 1,080.87 | 1,158.47 | 1,222.53 |
| Operating Income | - | 228.69 | 58.12 | 107.95 | 295.25 |
| EBITDA | - | 391.80 | 260.46 | 299.71 | 459.53 |
| EBIT | - | 187.83 | 58.12 | 95.23 | 295.25 |
| Pretax Income | - | -45.75 | -213.77 | -95.32 | 137.94 |
| Tax Provision | - | 8.46 | -31.51 | -26.39 | 33.15 |
| Net Income | - | -53.91 | -154.60 | -18.06 | 190.67 |
| Net Income Common Stockholders | - | -53.91 | -154.60 | -18.06 | 190.67 |
| Total Expenses | - | 7,491.87 | 7,632.89 | 9,964.26 | 12,615.31 |
| Interest Expense | - | 233.58 | 271.90 | 190.55 | 157.31 |
| Selling General And Administration | - | 1,125.56 | 1,080.87 | 1,158.47 | 1,222.53 |
| Normalized EBITDA | - | 432.66 | 260.46 | 312.44 | 459.53 |
| Normalized Income | - | -21.63 | -180.03 | -57.27 | 106.35 |
| Market Cap | 9,302.96 | 9,302.96 | 9,302.96 | 9,302.96 | 9,302.96 |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| BrightSpring Health Services, Inc.this co. | BTSG | - | 48.79↑ premium | 4.96 | 10.2% | 25.94 |
| Integer Holdings Corporation | ITGR | $3.0B | 28.79 | 1.69 | 5.9% | 14.55 |
| Organon & Co. | OGN | $2.9B | 15.67 | 3.90 | 24.9% | 8.53 |
| Prestige Consumer Healthcare Inc. | PBH | $2.9B | 13.00 | 1.52 | 11.7% | 10.32 |
| Privia Health Group, Inc. |
| 2021 | - | - | - | - | - | - | - |
| PRVA |
| $2.9B |
| 130.67 |
| 4.06 |
| 3.1% |
| 57.20 |
| Veracyte, Inc. | VCYT | $2.7B | 41.28 | 2.09 | 5.1% | 26.96 |
| National HealthCare Corporation | NHC | $2.7B | 22.47 | 2.52 | 11.2% | 12.59 |
| LeMaitre Vascular, Inc. | LMAT | $2.6B | 44.90 | 6.59 | 14.7% | 30.28 |
| Phibro Animal Health Corporation | PAHC | $2.2B | 46.33 | 7.83 | 16.9% | 19.95 |
| Peer Median | - | 35.04 | 3.21 | 11.5% | 17.25 | |