AMN Healthcare Services, Inc. (AMN) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

AMN Healthcare Services, Inc. (AMN) Healthcare & Pipeline Overview

AMN Healthcare Services, Inc. (AMN) is a national leader in healthcare workforce solutions, connecting healthcare facilities with a network of nurses, physicians, and allied health professionals. Operating through three segments, AMN provides staffing and technology solutions to address the evolving needs of the healthcare industry, with a current market capitalization of $1.30B.

What Is the Investment Thesis for AMN?

AMN Healthcare Services, Inc. presents a mixed investment thesis. The company's position as a leading healthcare workforce solutions provider benefits from the ongoing demand for healthcare professionals. However, the company's recent financial performance, including a negative profit margin of -0.9%, raises concerns. The company's gross margin stands at 25.5%. AMN's beta of 0.23 suggests lower volatility compared to the broader market. Growth catalysts include expanding technology and workforce solutions and strategic acquisitions. Investors should carefully weigh these factors, considering the company's financial stability and competitive landscape.

Based on FMP financials and quantitative analysis

AMN Key Highlights

Market capitalization of $1.30B, reflecting its established presence in the healthcare staffing market.

• P/E ratio of 26.68, indicating the price investors are willing to pay for each dollar of earnings.
• Gross margin of 25.5%, showcasing the profitability of its services before operating expenses.
• Free cash flow of $0.16 billion, demonstrating its ability to generate cash after capital expenditures.
• Beta of 0.23, suggesting lower volatility compared to the broader market.

Who Are AMN's Competitors?

AMN is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are AMN's Key Strengths?

Leading provider of healthcare workforce solutions.

• Comprehensive suite of services and technology offerings.
• Extensive network of healthcare professionals.
• Strong brand reputation.

What Are AMN's Weaknesses?

Negative profit margin.

• Dependence on the healthcare industry.
• Exposure to economic cycles.
• Potential for increased competition.

What Could Drive AMN Stock Higher?

Expansion of technology and workforce solutions to drive revenue growth.

• Strategic acquisitions and partnerships to broaden service offerings.
• Increased focus on allied health professionals to capitalize on growing demand.
• Growth in locum tenens staffing to meet the needs of healthcare facilities.

What Are the Key Risks for AMN?

Negative return on equity (-4.5%) — the business is not currently generating profit on shareholder capital.

• Changes in healthcare regulations could impact the demand for staffing services.
• Economic downturns could reduce healthcare spending and demand for staffing.
• Increased competition from other staffing agencies and technology providers.
• Labor shortages could limit the availability of qualified healthcare professionals.

What Are the Growth Opportunities for AMN?

• Expansion of Technology and Workforce Solutions: AMN can capitalize on the increasing demand for technology-driven workforce management solutions. The market for vendor management systems and workforce optimization tools is projected to grow as healthcare facilities seek to improve efficiency and reduce costs. By expanding its telehealth and credentialing services, AMN can offer a comprehensive suite of technology solutions, enhancing its competitive advantage. Timeline: Ongoing.
• Strategic Acquisitions and Partnerships: AMN can pursue strategic acquisitions and partnerships to expand its service offerings and geographic reach. Acquiring companies with complementary services, such as language services or revenue cycle solutions, can broaden AMN's capabilities and attract new customers. Partnerships with healthcare systems and professional organizations can also enhance its market position. Timeline: Ongoing.
• Increased Focus on Allied Health Professionals: The demand for allied health professionals, such as physical therapists and medical technologists, is growing. AMN can expand its recruitment and placement efforts in this area to capitalize on this trend. By offering specialized staffing solutions for allied health professionals, AMN can differentiate itself from competitors and attract a broader range of clients. Timeline: Ongoing.
• Growth in Locum Tenens Staffing: The locum tenens market is expected to continue growing as healthcare facilities seek temporary physician coverage. AMN can leverage its Physician and Leadership Solutions segment to capitalize on this trend. By expanding its network of locum tenens physicians and offering flexible staffing solutions, AMN can meet the evolving needs of healthcare facilities. Timeline: Ongoing.
• Penetration of Rural and Underserved Markets: AMN can focus on expanding its services to rural and underserved markets, where there is a significant need for healthcare professionals. By offering staffing solutions tailored to the unique needs of these markets, AMN can address a critical gap in healthcare access. This expansion can also enhance AMN's reputation and social impact. Timeline: Ongoing.

What Are AMN's Competitive Advantages?

• Extensive network of healthcare professionals, creating a barrier to entry for new competitors.
• Established relationships with hospitals and healthcare facilities, providing a competitive advantage.
• Comprehensive suite of services, including staffing, technology, and language services.
• Strong brand reputation and industry expertise.

What Does AMN Do?

Founded in 1985 and headquartered in Dallas, Texas, AMN Healthcare Services, Inc. has evolved into a comprehensive healthcare workforce solutions provider. The company addresses the critical staffing needs of hospitals and healthcare facilities across the United States. AMN operates through three primary segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers a range of staffing options, including travel nurse staffing, rapid response nurse staffing, allied staffing, and local staffing. The Physician and Leadership Solutions segment focuses on locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement solutions. The Technology and Workforce Solutions segment provides technology-driven services such as language services, vendor management systems, workforce optimization, telehealth, credentialing, and outsourced solutions. AMN also provides allied health professionals, including physical therapists, respiratory therapists, and medical technologists. The company operates under various brands, including American Mobile, Nursefinders, and Staff Care, reflecting its broad market reach and specialized service offerings.

What Products and Services Does AMN Offer?

• Provides travel nurse staffing solutions to hospitals and healthcare facilities.
• Offers rapid response nurse staffing for urgent needs and labor disruptions.
• Supplies allied health professionals, such as therapists and technologists.
• Provides locum tenens staffing for physician coverage.
• Offers healthcare interim leadership staffing and executive search services.
• Provides technology solutions for vendor management and workforce optimization.
• Offers language services to support diverse patient populations.
• Provides revenue cycle solutions to improve financial performance for healthcare providers.

How Does AMN Make Money?

• Generates revenue by providing temporary and permanent healthcare staffing solutions.
• Charges fees for placement and staffing services based on hourly rates or contract terms.
• Offers technology solutions on a subscription or licensing basis.
• Provides language services on a per-project or subscription basis.

What Industry Does AMN Operate In?

AMN Healthcare Services, Inc. operates within the healthcare industry, which is experiencing significant growth due to an aging population and increasing demand for medical services. The healthcare staffing market is competitive, with companies vying to provide qualified professionals to hospitals and healthcare facilities. Market trends include the growing use of technology in workforce management and the increasing demand for specialized healthcare professionals. AMN's focus on technology and workforce solutions positions it to capitalize on these trends, but it faces competition from other staffing agencies and technology providers.

Who Are AMN's Key Customers?

• Hospitals and healthcare systems.
• Physician groups and clinics.
• Government healthcare facilities.
• Managed care organizations.

Over the past six months, AMN Healthcare Services, Inc. insiders filed 26 SEC Form 4 transactions — 7 sales and 19 purchases. On net that is roughly 105K shares acquired (about $114K) — insiders putting money in tends to read as conviction.

AMN Healthcare Services, Inc. has beaten Wall Street's EPS estimate in 7 of its last 8 reported quarters — a consistent record of delivering on expectations. Reported results have landed about 88.4% above estimates on average.

AMN Healthcare Services, Inc.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 3.02 places it in the safe zone, indicating low near-term bankruptcy risk.

Return on equity for AMN Healthcare Services, Inc. stands at -4.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 3.4%, showing how much profit it generates from its asset base. AMN trades at a trailing price-to-earnings ratio of 26.68, above the Healthcare sector average of ~21.50x. A current ratio of 1.09 indicates the company holds enough short-term assets to cover its near-term obligations.

AMN Healthcare Services, Inc. (AMN) Valuation Context

Valued at $1.30B, AMN is classified as a small-cap stock. Analyst price targets span from $26.00 to $40.00, with a consensus of $33.50. At the current price of $33.47, that implies approximately 0% upside potential. Relative to its peer group, AMN's quantitative score of 93/100 is above the peer average of 58/100.

AMN Revenue & Earnings Trend

In Q2 FY2026, AMN generated $673.2M in top-line revenue, marking a sequential decrease of 51.2%. The company recorded net income of $21.2M, with diluted EPS of $0.53. Quarter-over-quarter revenue has been mixed, typical for a small-cap company operating in Healthcare. Across the four most recent quarters, AMN averaged $0.67 in diluted EPS.

Company Profile

AMN Healthcare Services, Inc. operates in the Medical - Care Facilities industry within the Healthcare sector. It is headquartered in Dallas, US. The company is led by CEO Caroline Sullivan Grace. AMN has traded publicly since 2001.

AMN Financials

AMN Latest News

AMN Analyst Consensus

AMN MoonshotScore

Common Questions About AMN (Healthcare)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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