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 |
| 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 |
| Operating Income | - | 43.79 | 47.97 | 53.27 | 55.80 |
| EBITDA | - | 62.86 | 75.26 | 73.96 | 86.22 |
| EBIT | - | 47.54 | 60.91 | 59.38 | 69.45 |
| Pretax Income | - | 44.55 | 53.06 | 52.94 | 67.87 |
| Tax Provision | - | 10.31 | 14.67 | 13.47 | 8.81 |
| Net Income | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Net Income Common Stockholders | - | 34.24 | 38.39 | 39.47 | 59.06 |
| Total Expenses | - | 1,646.39 | 1,623.42 | 1,662.41 | 1,781.37 |
| Interest Expense | - | 2.99 | 7.86 | 6.44 | 1.58 |
| Selling General And Administration | - | 149.52 | 166.77 | 174.82 | 183.60 |
| Normalized EBITDA | - | 59.10 | 62.32 | 67.86 | 72.58 |
| Normalized Income | - | 31.36 | 29.03 | 34.91 | 47.19 |
| Market Cap | 1,545.95 | 1,545.95 | 1,545.95 | 1,545.95 | 1,545.95 |
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 | $1.6B | 26.18 | 3.03 | 11.6% | 16.59 |
| Sionna Therapeutics, Inc. | SION | $1.7B | - | 5.46 | -24.5% | -16.50 |
| Agios Pharmaceuticals, Inc. | AGIO | $1.7B | - | 1.37 | -34.6% | -1.37 |
| Astrana Health, Inc. | ASTH | $1.6B | 83.54 | 2.41 | 2.9% | 18.68 |
| Innoviva, Inc. | INVA |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.6B |
| 6.44 |
| 1.49 |
| 23.1% |
| 3.96 |
| Rapport Therapeutics, Inc. | RAPP | $1.6B | - | 3.25 | -23.0% | -8.85 |
| Progyny, Inc. | PGNY | $1.6B | 25.43 | 2.88 | 11.3% | 15.56 |
| UFP Technologies, Inc. | UFPT | $1.5B | 22.59 | 3.64 | 16.1% | 15.05 |
| Nuvation Bio Inc. | NUVB | $1.5B | - | 4.92 | -66.9% | -4.95 |
| Peer Median | - | 24.01 | 3.07 | -10.1% | 1.29 | |