Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. The company operates in two segments, Environmental Services and Dietary. Its Environmental Services segment engages in cleaning, disinfecting, and sanitizing of resident rooms and common areas of the customers' facilities, as well as the laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at the customers' facilities. The Dietary segment is involved in the management of the customers' dietary departments, which focus on food purchasing, meal preparation, and professional dietitian services, such as the development of menus that meet the dietary needs of residents; and the provision of on-site management and clinical consulting services. It serves long-term and post-acute care facilities, hospitals, and the healthcare industry through referrals and solicitation of target facilities. The company was incorporated in 1976 and is headquartered in Bensalem, Pennsylvania.
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 | $1.8B | $86M | $59M | $139M | 11.6% | 7.1% | 49.6% |
| 2024 | $1.7B | $74M | $39M | $24M | 7.9% | 2.7% | 2.8% |
| 2023 | $1.7B | $75M | $38M | $38M | 8.4% | -1.1% | 12.1% |
| 2022 | $1.7B | $63M | $34M | $-13M | 8.2% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,690.18 | 1,671.39 | 1,715.68 | 1,837.17 |
| Operating Revenue | - | 1,690.18 | 1,671.39 | 1,715.68 | 1,837.17 |
| Cost Of Revenue | - | 1,496.86 | 1,456.64 | 1,487.59 | 1,597.77 |
| Gross Profit | - | 193.31 | 214.75 | 228.09 | 239.40 |
| Operating Expense | - | 149.52 | 166.77 | 174.82 | 183.60 |
| Selling General And Administration | - | 149.52 | 166.77 | 174.82 | 183.60 |
| Total Expenses | - | 1,646.39 | 1,623.42 | 1,662.41 | 1,781.37 |
| Operating Income | - | 43.79 | 47.97 | 53.27 | 55.80 |
| EBITDA | - | 62.86 | 75.26 | 73.96 | 86.22 |
| Normalized EBITDA | - | 59.10 | 62.32 | 67.86 | 72.58 |
| EBIT | - | 47.54 | 60.91 | 59.38 | 69.45 |
| Interest Expense | - | 2.99 | 7.86 | 6.44 | 1.58 |
| Net Interest Income | - | -2.99 | -7.86 | -6.44 | -1.58 |
| Other Income Expense | - | 3.75 | 12.94 | 6.11 | 13.65 |
| Interest Expense Non Operating | - | 2.99 | 7.86 | 6.44 | 1.58 |
| Net Non Operating Interest Income Expense | - | -2.99 | -7.86 | -6.44 | -1.58 |
| Pretax Income | - | 44.55 | 53.06 | 52.94 | 67.87 |
| Tax Provision | - | 10.31 | 14.67 | 13.47 | 8.81 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.87 | 3.58 | 1.55 | 1.77 |
| Net Income Continuous Operations | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Net Income From Continuing And Discontinued Operation | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Net Income From Continuing Operation Net Minority Interest | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Net Income | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Net Income Common Stockholders | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Net Income Including Noncontrolling Interests | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Normalized Income | - | 31.36 | 29.03 | 34.91 | 47.19 |
| Diluted NI Availto Com Stockholders | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Basic Average Shares | - | 74.34 | 74.29 | 73.75 | 72.38 |
| Diluted Average Shares | - | 74.35 | 74.34 | 73.99 | 73.03 |
| Reconciled Depreciation | - | 15.32 | 14.34 | 14.58 | 16.78 |
| Reconciled Cost Of Revenue | - | 1,496.86 | 1,456.64 | 1,487.59 | 1,597.77 |
| Total Unusual Items | - | 3.75 | 12.94 | 6.11 | 13.65 |
| Total Unusual Items Excluding Goodwill | - | 3.75 | 12.94 | 6.11 | 13.65 |
| Gain On Sale Of Security | - | 3.75 | 12.94 | 6.11 | 13.65 |
| General And Administrative Expense | 166.43 | 149.52 | - | - | - |
| Other Gand A | 166.43 | 149.52 | - | - | - |
| Selling And Marketing Expense | 166.43 | 149.52 | - | - | - |
Healthcare sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Healthcare Services Group, Inc.this co. | HCSG | $1.4B | 23.77 | 2.75 | 11.6% | 14.94 |
| Aveanna Healthcare Holdings Inc. | AVAH | $1.4B | 6.42 | 7.40 | 115.3% | 10.26 |
| Septerna, Inc. | SEPN | $1.4B | -28.93 | 3.70 | -12.8% | -16.63 |
| Maze Therapeutics, Inc. | MAZE | $1.4B | -10.72 | 3.96 | -36.9% | -8.82 |
| AtriCure, Inc. | ATRC | $1.4B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| -120.63 |
| 2.81 |
| -2.3% |
| 79.22 |
| Precigen, Inc. | PGEN | $1.4B | -5.49 | 65.81 | -1198.6% | -5.93 |
| Integra LifeSciences Holdings Corporation | IART | $1.4B | -2.65 | 1.31 | -49.5% | -9.72 |
| MapLight Therapeutics, Inc. | MPLT | $1.4B | - | 2.98 | -35.2% | - |
| Butterfly Network, Inc. | BFLY | $1.4B | - | 6.93 | -39.3% | - |
| Peer Median | - | -8.11 | 3.83 | -36.0% | -7.38 | |