The Pennant Group (PNTG) Financials

$35.90 +0.17 (+0.48%)

Closing price 05/8/2026 04:00 PM Eastern

Extended Trading

$35.52 -0.38 (-1.04%)

As of 05/8/2026 06:56 PM Eastern

Annual Income Statements for The Pennant Group

This table shows The Pennant Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	9.87	16	2.55	16	2.70	6.64	13	23	30
Consolidated Net Income / (Loss)	10	16	3.18	16	2.15	7.24	14	24	34
Net Income / (Loss) Continuing Operations	10	16	3.18	16	2.15	7.24	14	24	34
Total Pre-Tax Income	15	21	5.26	18	2.73	8.89	20	31	46
Total Operating Income	15	21	5.67	19	4.70	13	25	38	52
Total Gross Profit	64	42	45	94	89	97	107	137	179
Total Revenue	251	286	339	391	440	473	545	695	948
Operating Revenue	251	286	339	391	440	473	545	695	948
Total Cost of Revenue	187	244	294	297	350	377	438	558	769
Operating Cost of Revenue	187	244	294	297	350	377	438	558	769
Total Operating Expenses	48	22	39	75	85	84	82	99	127
Selling, General & Admin Expense	14	19	35	31	36	34	37	50	71
Depreciation Expense	2.54	2.96	3.81	4.68	4.78	4.90	5.13	6.12	8.54
Other Operating Expenses / (Income)	31	-	-	39	41	38	40	43	49
Other Special Charges / (Income)	-	-	-	0.00	2.86	6.97	0.07	-0.68	-1.00
Total Other Income / (Expense), net	0.00	0.00	-0.41	-1.01	-1.97	-3.85	-5.59	-6.75	-6.26
Interest Expense	-	0.00	0.41	1.24	1.94	3.82	5.92	6.96	6.68
Other Income / (Expense), net	-	0.00	0.00	0.23	-0.02	-0.03	0.34	0.21	0.42
Income Tax Expense	5.38	4.35	2.09	2.35	0.58	1.65	5.67	7.03	12
Net Income / (Loss) Attributable to Noncontrolling Interest	0.16	0.60	0.63	-0.19	-0.55	0.60	0.53	1.78	4.19
Basic Earnings per Share	$0.36	$0.58	$0.11	$0.56	$0.09	$0.23	$0.45	$0.72	$0.86
Weighted Average Basic Shares Outstanding	27.83M	27.83M	27.84M	28.03M	28.41M	29.06M	29.86M	31.19M	34.56M
Diluted Earnings per Share	$0.36	$0.58	$0.11	$0.52	$0.09	$0.22	$0.44	$0.70	$0.84
Weighted Average Diluted Shares Outstanding	27.83M	27.83M	29.59M	30.23M	30.64M	30.16M	30.19M	32M	35.32M
Weighted Average Basic & Diluted Shares Outstanding	-	-	27.89M	28.26M	28.53M	29.71M	30.01M	34.43M	34.66M

This table shows The Pennant Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	4.38	4.35	4.91	5.69	6.21	5.76	7.78	7.09	6.08	8.64	8.52
Consolidated Net Income / (Loss)	4.46	4.53	5.06	6.09	6.66	6.53	8.52	7.98	6.89	10	10
Net Income / (Loss) Continuing Operations	4.46	4.53	5.06	6.09	6.66	6.53	8.52	7.98	6.89	10	10
Total Pre-Tax Income	5.53	6.31	6.82	7.94	8.01	8.60	11	11	9.40	14	14
Total Operating Income	7.06	7.57	8.52	9.56	11	9.24	13	12	10	17	17
Total Gross Profit	28	29	31	33	36	36	41	42	44	52	53
Total Revenue	140	146	157	169	181	189	210	220	229	289	285
Operating Revenue	140	146	157	169	181	189	210	220	229	289	285
Total Cost of Revenue	112	117	126	135	144	153	169	177	185	237	233
Operating Cost of Revenue	112	117	126	135	144	153	169	177	185	237	233
Total Operating Expenses	21	21	22	24	25	27	28	31	33	35	35
Selling, General & Admin Expense	9.42	9.75	11	12	13	14	15	18	19	19	20
Depreciation Expense	1.32	1.31	1.33	1.47	1.49	1.83	1.89	2.22	2.06	2.36	2.62
Other Operating Expenses / (Income)	10	10	10	11	11	11	12	12	12	13	13
Total Other Income / (Expense), net	-1.53	-1.26	-1.71	-1.62	-2.78	-0.64	-1.27	-0.95	-0.83	-3.20	-3.21
Interest Expense	1.50	1.57	1.79	1.62	2.89	0.65	1.21	1.20	1.02	3.25	3.07
Other Income / (Expense), net	-0.04	0.31	0.09	-0.00	0.11	0.02	-0.07	0.26	0.18	0.05	-0.15
Income Tax Expense	1.07	1.78	1.76	1.84	1.35	2.07	2.85	2.60	2.52	3.90	3.79
Net Income / (Loss) Attributable to Noncontrolling Interest	0.08	0.18	0.15	0.40	0.45	0.77	0.75	0.90	0.81	1.74	1.77
Basic Earnings per Share	$0.15	$0.15	$0.16	$0.19	$0.20	$0.17	$0.23	$0.21	$0.18	$0.24	$0.25
Weighted Average Basic Shares Outstanding	29.91M	29.86M	30.05M	30.14M	30.28M	31.19M	34.47M	34.53M	34.60M	34.56M	34.73M
Diluted Earnings per Share	$0.15	$0.14	$0.16	$0.18	$0.20	$0.16	$0.22	$0.20	$0.17	$0.25	$0.24
Weighted Average Diluted Shares Outstanding	30.21M	30.19M	30.40M	30.78M	31.36M	32M	35.20M	35.37M	35.27M	35.32M	35.76M
Weighted Average Basic & Diluted Shares Outstanding	29.93M	30.01M	30.05M	30.21M	34.35M	34.43M	34.47M	34.56M	34.59M	34.66M	34.77M

This table details how cash moves in and out of The Pennant Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	0.01	0.01	0.36	-0.36	5.15	-3.11	3.98	18	-7.22
Net Cash From Operating Activities	17	23	9.55	50	-18	9.04	33	39	48
Net Cash From Continuing Operating Activities	17	23	9.55	50	-18	9.04	33	39	48
Net Income / (Loss) Continuing Operations	10	16	3.18	16	2.15	7.24	14	24	34
Consolidated Net Income / (Loss)	10	16	3.18	16	2.15	7.24	14	24	34
Depreciation Expense	2.54	2.96	3.81	4.68	4.78	4.90	5.13	6.12	8.54
Amortization Expense	0.00	0.00	0.08	0.33	0.49	0.52	0.52	1.10	0.89
Non-Cash Adjustments To Reconcile Net Income	5.67	2.73	2.38	39	-7.49	-2.09	6.07	7.65	9.76
Changes in Operating Assets and Liabilities, net	-0.99	1.30	0.11	-9.31	-18	-1.53	7.46	0.09	-4.66
Net Cash From Investing Activities	-16	-9.48	-26	-42	-20	-24	-30	-71	-228
Net Cash From Continuing Investing Activities	-16	-9.48	-26	-42	-20	-24	-30	-71	-228
Purchase of Property, Plant & Equipment	-3.13	-3.60	-6.71	-7.25	-6.30	-14	-8.11	-8.99	-12
Acquisitions	-12	-5.32	-19	-33	-14	-10	-22	-60	-214
Other Investing Activities, net	-1.51	-0.56	-0.99	-1.17	-0.27	0.06	-0.53	-1.90	-1.95
Net Cash From Financing Activities	-1.16	-14	17	-8.95	43	12	1.11	50	172
Net Cash From Continuing Financing Activities	-1.16	-14	17	-8.95	43	12	1.11	50	172
Repayment of Debt	0.00	0.00	-24	-63	-83	-119	-181	-379	-301
Issuance of Debt	0.00	0.00	43	53	126	130	182	310	473
Other Financing Activities, net	-1.16	-12	13	1.14	0.88	1.08	0.58	119	0.55
Cash Interest Paid	0.00	0.00	0.16	1.12	1.45	3.03	5.01	6.52	4.90

This table details how cash moves in and out of The Pennant Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	0.55	2.68	-3.34	0.32	1.42	20	-19	9.16	-12	15	-12
Net Cash From Operating Activities	12	5.18	0.55	10	7.69	21	-21	35	14	21	-3.41
Net Cash From Continuing Operating Activities	12	5.18	0.55	10	7.69	21	-21	35	14	21	-3.41
Net Income / (Loss) Continuing Operations	4.46	4.53	5.06	6.09	6.66	6.53	8.52	7.98	6.89	10	10
Consolidated Net Income / (Loss)	4.46	4.53	5.06	6.09	6.66	6.53	8.52	7.98	6.89	10	10
Depreciation Expense	1.32	1.31	1.33	1.47	1.49	1.83	1.89	2.22	2.06	2.36	2.62
Amortization Expense	0.13	0.13	0.13	0.13	0.62	0.22	0.22	0.21	0.21	0.24	0.31
Non-Cash Adjustments To Reconcile Net Income	1.55	1.32	0.92	1.95	2.23	2.56	2.42	1.36	2.55	3.44	3.10
Changes in Operating Assets and Liabilities, net	4.91	-2.11	-6.89	0.85	-3.30	9.43	-34	23	2.21	4.55	-20
Net Cash From Investing Activities	-6.35	-13	-24	-9.64	-33	-4.40	-50	-10	-15	-153	-5.38
Net Cash From Continuing Investing Activities	-6.35	-13	-24	-9.64	-33	-4.40	-50	-10	-15	-153	-5.38
Purchase of Property, Plant & Equipment	-1.77	-2.36	-3.14	-1.62	-0.91	-3.32	-1.96	-3.06	-3.46	-3.56	-5.27
Acquisitions	-4.61	-9.72	-22	-6.00	-32	-	-48	-8.25	-9.20	-149	0.00
Other Investing Activities, net	0.03	-0.57	1.57	-2.03	-0.36	-1.08	-0.72	1.26	-1.94	-0.55	-0.11
Net Cash From Financing Activities	-5.48	10	20	-0.53	27	3.61	53	-15	-11	147	-3.33
Net Cash From Continuing Financing Activities	-5.48	10	20	-0.53	27	3.61	53	-15	-11	147	-3.33
Repayment of Debt	-43	-40	-50	-66	-149	-114	-44	-84	-90	-82	-93
Issuance of Debt	38	51	69	65	176	-	97	68	79	230	89
Other Financing Activities, net	0.02	0.11	0.49	0.72	0.65	117	0.39	0.44	0.08	-0.36	1.27
Cash Interest Paid	1.14	1.02	1.71	1.67	3.57	-0.42	0.76	1.21	0.81	2.13	3.46

This table presents The Pennant Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	98	448	507	530	512	540	680	968
Total Current Assets	29	39	60	76	74	80	123	167
Cash & Equivalents	0.04	0.40	0.04	5.19	2.08	6.06	24	17
Accounts Receivable	24	32	47	54	53	61	81	123
Prepaid Expenses	4.61	6.10	12	17	18	13	17	27
Plant, Property, & Equipment, net	10	15	18	17	27	29	43	61
Total Noncurrent Assets	59	394	429	438	412	431	513	740
Goodwill	31	41	66	74	79	91	129	237
Intangible Assets	25	33	47	54	59	68	96	199
Noncurrent Deferred & Refundable Income Taxes	-	0.00	2.10	3.85	2.15	-	0.00	0.48
Other Noncurrent Operating Assets	0.00	318	309	301	261	263	271	276
Other Noncurrent Nonoperating Assets	2.46	2.00	4.29	4.83	11	9.34	17	27
Total Liabilities & Shareholders' Equity	98	448	507	530	512	540	680	968
Total Liabilities	33	377	406	416	386	394	368	594
Total Current Liabilities	30	51	89	72	70	72	102	147
Short-Term Debt	-	-	-	-	-	-	0.00	5.00
Accounts Payable	4.39	8.65	9.76	11	14	11	19	25
Accrued Expenses	12	14	38	21	17	15	20	27
Current Employee Benefit Liabilities	13	16	27	23	23	28	43	65
Other Current Liabilities	0.00	12	14	16	17	17	20	25
Total Noncurrent Liabilities	3.32	325	317	344	316	323	266	447
Long-Term Debt	0.00	19	8.28	51	63	64	0.00	169
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	1.86	1.86	0.15
Other Noncurrent Operating Liabilities	3.32	307	309	293	253	257	264	278
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	65	71	101	114	126	146	312	374
Total Preferred & Common Equity	56	71	97	110	121	140	293	333
Total Common Equity	56	71	97	110	121	140	293	333
Common Stock	0.00	75	85	96	100	106	236	246
Retained Earnings	0.00	-3.80	12	15	21	35	57	87
Treasury Stock	-	0.00	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07
Noncontrolling Interest	9.43	0.00	4.59	4.05	4.65	5.18	19	42

This table presents The Pennant Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	505	508	515	520	578	602	647	744	751	754	956
Total Current Assets	67	67	72	72	87	94	102	124	127	114	153
Cash & Equivalents	2.96	2.95	2.84	3.38	2.72	3.04	4.46	5.22	14	2.34	4.91
Accounts Receivable	52	51	57	59	71	76	84	95	96	96	123
Prepaid Expenses	12	13	12	9.46	13	15	13	24	17	16	25
Plant, Property, & Equipment, net	24	27	27	28	41	41	42	44	53	56	64
Total Noncurrent Assets	414	414	417	420	451	467	503	576	571	584	740
Goodwill	79	79	84	86	107	110	129	155	157	162	237
Intangible Assets	58	59	61	63	75	78	96	119	117	121	199
Noncurrent Deferred & Refundable Income Taxes	3.10	1.37	0.21	0.13	-	0.11	0.25	-	0.03	0.85	0.05
Other Noncurrent Operating Assets	263	264	261	263	259	267	265	278	274	274	273
Other Noncurrent Nonoperating Assets	11	11	11	7.98	9.65	12	12	24	24	26	30
Total Liabilities & Shareholders' Equity	505	508	515	520	578	602	647	744	751	754	956
Total Liabilities	384	379	382	381	414	429	459	421	418	411	567
Total Current Liabilities	73	66	68	69	75	84	91	88	105	109	129
Short-Term Debt	-	-	-	-	-	-	-	-	-	-	5.00
Accounts Payable	13	12	12	12	13	15	16	19	19	22	23
Accrued Expenses	19	16	16	16	20	19	19	21	22	25	35
Current Employee Benefit Liabilities	25	20	23	25	25	31	37	28	43	41	40
Other Current Liabilities	16	17	17	16	17	18	19	21	21	22	26
Total Noncurrent Liabilities	311	313	313	312	339	346	369	333	313	301	438
Long-Term Debt	56	57	59	54	83	82	109	53	37	26	165
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	2.14	1.34	0.82	2.78	1.14	0.00	1.32
Other Noncurrent Operating Liabilities	256	256	254	258	253	262	259	277	275	275	272
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	121	129	134	140	164	173	187	323	334	343	389
Total Preferred & Common Equity	116	124	129	135	147	156	169	304	313	322	346
Total Common Equity	116	124	129	135	147	156	169	304	313	322	346
Common Stock	99	101	103	104	108	110	118	239	241	244	251
Retained Earnings	18	23	26	30	40	45	51	65	72	78	95
Treasury Stock	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07	-0.07
Noncontrolling Interest	4.43	4.79	4.92	5.00	17	17	18	19	20	21	43

This table displays calculated financial ratios and metrics derived from The Pennant Group's official financial filings.

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	13.97%	18.34%	15.49%	12.47%	7.63%	15.14%	27.59%	36.31%
EBITDA Growth	0.00%	31.48%	-59.49%	152.64%	-58.82%	82.32%	71.88%	46.15%	35.57%
EBIT Growth	0.00%	33.95%	-72.52%	237.60%	-75.60%	172.06%	100.72%	50.24%	36.49%
NOPAT Growth	0.00%	62.35%	-78.98%	380.18%	-77.52%	180.90%	72.28%	65.44%	29.81%
Net Income Growth	0.00%	62.35%	-80.50%	389.86%	-86.19%	237.20%	92.05%	74.97%	38.72%
EPS Growth	0.00%	61.11%	-81.03%	372.73%	-82.69%	144.44%	100.00%	59.09%	20.00%
Operating Cash Flow Growth	0.00%	34.93%	-58.95%	425.48%	-136.30%	149.63%	265.88%	18.76%	22.89%
Free Cash Flow Firm Growth	0.00%	0.00%	54.78%	93.11%	-3,130.92%	78.73%	97.68%	-20,076.91%	-319.77%
Invested Capital Growth	0.00%	0.00%	38.95%	20.50%	48.02%	13.06%	10.29%	39.28%	86.64%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	4.96%	0.87%	2.80%	4.07%	6.58%	11.85%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	32.99%	-38.63%	89.78%	5.29%	4.54%	16.68%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	42.53%	-57.44%	208.75%	6.14%	3.72%	18.79%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	90.68%	-62.58%	109.67%	4.77%	5.62%	17.47%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	96.25%	-74.22%	503.08%	6.44%	8.96%	12.85%
EPS Q/Q Growth	0.00%	0.00%	0.00%	92.59%	-67.86%	633.33%	4.76%	2.94%	12.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-50.42%	-0.48%	-14.27%	15.71%	37.99%	64.36%	0.81%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	18.95%	10.93%	87.91%	32.99%	-579.47%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	32.65%	5.96%	7.96%	6.65%	-3.32%	47.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-
Gross Margin	25.38%	14.84%	13.18%	24.06%	20.35%	20.41%	19.60%	19.68%	18.91%
EBITDA Margin	7.15%	8.25%	2.82%	6.18%	2.26%	3.83%	5.72%	6.55%	6.51%
Operating Margin	6.14%	7.21%	1.67%	4.84%	1.07%	2.69%	4.62%	5.48%	5.47%
EBIT Margin	6.14%	7.21%	1.67%	4.90%	1.06%	2.69%	4.68%	5.51%	5.52%
Profit (Net Income) Margin	4.00%	5.69%	0.94%	3.98%	0.49%	1.53%	2.55%	3.50%	3.56%
Tax Burden Percent	65.10%	78.91%	60.36%	86.87%	78.68%	81.46%	71.03%	77.59%	74.00%
Interest Burden Percent	100.00%	100.00%	92.77%	93.53%	58.45%	69.97%	76.78%	81.85%	87.23%
Effective Tax Rate	34.90%	21.09%	39.64%	13.13%	21.32%	18.54%	28.97%	22.41%	26.00%
Return on Invested Capital (ROIC)	0.00%	51.86%	4.56%	17.09%	2.83%	6.26%	9.66%	12.74%	9.91%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	51.86%	0.93%	8.31%	-3.99%	-0.58%	1.63%	-141.40%	-0.56%
Return on Net Nonoperating Assets (RNNOA)	0.00%	-1.99%	0.09%	0.97%	-0.84%	-0.22%	0.59%	-2.10%	-0.07%
Return on Equity (ROE)	0.00%	49.87%	4.66%	18.06%	1.99%	6.04%	10.26%	10.64%	9.84%
Cash Return on Invested Capital (CROIC)	0.00%	-148.14%	-28.04%	-1.51%	-35.89%	-6.00%	-0.12%	-20.09%	-50.54%
Operating Return on Assets (OROA)	0.00%	21.02%	2.08%	4.01%	0.90%	2.44%	4.85%	6.29%	6.35%
Return on Assets (ROA)	0.00%	16.59%	1.16%	3.26%	0.41%	1.39%	2.65%	3.99%	4.10%
Return on Common Equity (ROCE)	0.00%	42.66%	4.33%	17.57%	1.91%	5.82%	9.89%	10.09%	8.98%
Return on Equity Simple (ROE_SIMPLE)	0.00%	29.14%	4.46%	16.10%	1.95%	5.99%	9.91%	8.30%	0.00%
Net Operating Profit after Tax (NOPAT)	10	16	3.42	16	3.69	10	18	30	38
NOPAT Margin	4.00%	5.69%	1.01%	4.20%	0.84%	2.19%	3.28%	4.25%	4.05%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	3.63%	8.78%	6.83%	6.84%	8.03%	154.14%	10.47%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	5.50%	8.54%	9.48%	7.00%
Cost of Revenue to Revenue	74.62%	85.16%	86.82%	75.94%	79.65%	79.59%	80.40%	80.32%	81.09%
SG&A Expenses to Revenue	5.76%	6.59%	10.38%	8.01%	8.25%	7.18%	6.73%	7.22%	7.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	19.25%	7.62%	11.50%	19.23%	19.28%	17.72%	14.98%	14.19%	13.43%
Earnings before Interest and Taxes (EBIT)	15	21	5.67	19	4.67	13	26	38	52
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	18	24	9.56	24	9.94	18	31	46	62
Valuation Ratios	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	12.95	16.95	5.96	2.69	2.97	3.11	2.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.40	0.00
Price to Revenue (P/Rev)	0.00	0.00	2.72	4.19	1.49	0.69	0.76	1.31	1.03
Price to Earnings (P/E)	0.00	0.00	361.70	103.96	243.79	49.05	31.14	40.38	32.92
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.28%	0.96%	0.41%	2.04%	3.21%	2.48%	3.04%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	10.76	15.69	4.55	2.22	2.47	3.35	2.32
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.77	4.22	1.61	0.83	0.88	1.30	1.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	98.24	68.31	71.15	21.59	15.39	19.88	18.99
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	165.61	86.17	151.46	30.79	18.80	23.62	22.41
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	274.37	100.37	191.52	37.71	26.83	30.61	30.53
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	98.29	32.86	0.00	43.27	14.49	23.04	24.27
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.26	0.08	0.45	0.50	0.44	0.00	0.46
Long-Term Debt to Equity	0.00	0.00	0.26	0.08	0.45	0.50	0.44	0.00	0.45
Financial Leverage	0.00	-0.04	0.10	0.12	0.21	0.38	0.36	0.01	0.13
Leverage Ratio	0.00	1.50	4.00	5.54	4.82	4.35	3.88	2.67	2.40
Compound Leverage Factor	0.00	1.50	3.71	5.18	2.81	3.04	2.98	2.18	2.09
Debt to Total Capital	0.00%	0.00%	20.67%	7.56%	31.02%	33.36%	30.52%	0.00%	31.72%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.91%
Long-Term Debt to Total Capital	0.00%	0.00%	20.67%	7.56%	31.02%	33.36%	30.52%	0.00%	30.80%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	14.45%	0.00%	4.20%	2.44%	2.46%	2.47%	5.99%	7.60%
Common Equity to Total Capital	0.00%	85.55%	79.33%	88.24%	66.54%	64.18%	67.01%	94.01%	60.68%
Debt to EBITDA	0.00	0.00	1.94	0.34	5.17	3.47	2.05	0.00	2.82
Net Debt to EBITDA	0.00	0.00	1.90	0.34	4.64	3.35	1.86	0.00	2.54
Long-Term Debt to EBITDA	0.00	0.00	1.94	0.34	5.17	3.47	2.05	0.00	2.73
Debt to NOPAT	0.00	0.00	5.41	0.50	13.91	6.06	3.58	0.00	4.53
Net Debt to NOPAT	0.00	0.00	5.30	0.50	12.50	5.86	3.24	0.00	4.08
Long-Term Debt to NOPAT	0.00	0.00	5.41	0.50	13.91	6.06	3.58	0.00	4.40
Altman Z-Score	0.00	0.00	2.22	3.28	1.85	1.58	1.91	2.85	2.29
Noncontrolling Interest Sharing Ratio	0.00%	14.45%	6.92%	2.67%	4.01%	3.62%	3.62%	5.22%	8.79%
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.99	0.76	0.67	1.06	1.05	1.12	1.21	1.14
Quick Ratio	0.00	0.83	0.64	0.53	0.83	0.79	0.94	1.04	0.95
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-47	-21	-1.45	-47	-9.95	-0.23	-47	-196
Operating Cash Flow to CapEx	572.71%	645.99%	142.30%	692.18%	-289.12%	63.83%	408.27%	437.03%	401.15%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-51.29	-1.17	-24.10	-2.61	-0.04	-6.70	-29.31
Operating Cash Flow to Interest Expense	0.00	0.00	23.30	40.52	-9.39	2.37	5.59	5.65	7.23
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	6.93	34.67	-12.64	-1.34	4.22	4.36	5.43
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	2.91	1.24	0.82	0.85	0.91	1.04	1.14	1.15
Accounts Receivable Turnover	0.00	11.69	11.95	9.85	8.69	8.82	9.51	9.76	9.27
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	27.35	26.97	24.04	25.36	21.80	19.74	19.34	18.18
Accounts Payable Turnover	0.00	55.49	45.07	32.24	34.48	31.13	35.78	37.76	35.01
Days Sales Outstanding (DSO)	0.00	31.22	30.54	37.07	41.99	41.40	38.36	37.38	39.36
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	6.58	8.10	11.32	10.59	11.73	10.20	9.67	10.43
Cash Conversion Cycle (CCC)	0.00	24.64	22.44	25.75	31.40	29.68	28.16	27.72	28.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	63	87	105	156	176	194	270	504
Invested Capital Turnover	0.00	9.11	4.51	4.07	3.37	2.86	2.95	2.99	2.45
Increase / (Decrease) in Invested Capital	0.00	63	24	18	50	20	18	76	234
Enterprise Value (EV)	0.00	0.00	939	1,650	707	391	480	905	1,172
Market Capitalization	0.00	0.00	921	1,637	657	326	417	911	974
Book Value per Share	$0.00	$2.01	$2.55	$3.43	$3.87	$4.08	$4.69	$8.54	$9.61
Tangible Book Value per Share	$0.00	($0.01)	($0.13)	($0.62)	($0.62)	($0.58)	($0.62)	$1.98	($3.01)
Total Capital	0.00	65	90	109	166	189	209	312	548
Total Debt	0.00	0.00	19	8.28	51	63	64	0.00	174
Total Long-Term Debt	0.00	0.00	19	8.28	51	63	64	0.00	169
Net Debt	0.00	-0.04	18	8.23	46	61	58	-24	157
Capital Expenditures (CapEx)	3.01	3.60	6.71	7.25	6.30	14	8.11	8.99	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-0.47	-13	-29	-0.98	1.50	2.47	-3.09	8.12
Debt-free Net Working Capital (DFNWC)	0.00	-0.42	-13	-29	4.21	3.58	8.53	21	25
Net Working Capital (NWC)	0.00	-0.42	-13	-29	4.21	3.58	8.53	21	20
Net Nonoperating Expense (NNE)	0.00	0.00	0.25	0.88	1.55	3.13	3.97	5.24	4.63
Net Nonoperating Obligations (NNO)	0.00	-2.51	16	3.95	41	50	49	-42	130
Total Depreciation and Amortization (D&A)	2.54	2.96	3.89	5.01	5.27	5.42	5.65	7.22	9.43
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-0.16%	-3.81%	-7.54%	-0.22%	0.32%	0.45%	-0.44%	0.86%
Debt-free Net Working Capital to Revenue	0.00%	-0.15%	-3.70%	-7.52%	0.96%	0.76%	1.57%	3.04%	2.65%
Net Working Capital to Revenue	0.00%	-0.15%	-3.70%	-7.52%	0.96%	0.76%	1.57%	3.04%	2.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.11	$0.56	$0.09	$0.23	$0.45	$0.72	$0.86
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	27.84M	28.03M	28.41M	29.06M	29.86M	31.19M	34.56M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.11	$0.52	$0.09	$0.22	$0.44	$0.70	$0.84
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	29.59M	30.23M	30.64M	30.16M	30.19M	32M	35.32M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	27.89M	28.26M	28.53M	29.71M	30.01M	34.43M	34.66M
Normalized Net Operating Profit after Tax (NOPAT)	10	16	3.42	16	5.94	16	18	29	38
Normalized NOPAT Margin	4.00%	5.69%	1.01%	4.20%	1.35%	3.39%	3.29%	4.18%	3.97%
Pre Tax Income Margin	6.14%	7.21%	1.55%	4.58%	0.62%	1.88%	3.59%	4.51%	4.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	13.83	15.45	2.41	3.33	4.31	5.51	7.83
NOPAT to Interest Expense	0.00	0.00	8.35	13.26	1.90	2.72	3.02	4.25	5.75
EBIT Less CapEx to Interest Expense	0.00	0.00	-2.55	9.60	-0.84	-0.38	2.94	4.22	6.03
NOPAT Less CapEx to Interest Expense	0.00	0.00	-8.03	7.41	-1.34	-0.99	1.65	2.96	3.95
Payout Ratios	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	12.11%	449.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	12.11%	449.98%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from The Pennant Group's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	34,663,118.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	34,663,118.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.46%	17.08%	24.08%	27.57%	28.89%	29.42%	33.73%	30.08%	26.76%	53.17%	35.99%
EBITDA Growth	-0.35%	20.18%	76.05%	46.04%	53.49%	21.21%	45.92%	27.44%	-2.42%	78.11%	36.63%
EBIT Growth	-1.43%	23.04%	99.74%	51.84%	55.22%	17.43%	46.14%	23.25%	-4.43%	89.43%	36.36%
NOPAT Growth	-3.06%	17.58%	114.88%	94.33%	57.38%	29.09%	49.84%	18.48%	-16.42%	81.13%	33.40%
Net Income Growth	-10.65%	22.84%	153.28%	108.56%	49.19%	44.18%	68.49%	30.96%	3.44%	58.88%	20.78%
EPS Growth	-6.25%	16.67%	166.67%	100.00%	33.33%	14.29%	37.50%	11.11%	-15.00%	56.25%	9.09%
Operating Cash Flow Growth	53.28%	231.81%	-93.94%	60.49%	-37.84%	297.08%	-3,995.23%	230.22%	80.97%	1.89%	83.96%
Free Cash Flow Firm Growth	-29.64%	19.30%	-1,204.89%	-202.63%	-567.53%	-445.89%	-80.58%	-55.46%	39.07%	-220.02%	-63.31%
Invested Capital Growth	11.64%	10.29%	36.21%	34.12%	53.64%	39.28%	47.18%	38.42%	22.00%	86.64%	51.53%
Revenue Q/Q Growth	5.98%	4.11%	7.51%	7.54%	7.08%	4.54%	11.09%	4.60%	4.35%	26.32%	-1.37%
EBITDA Q/Q Growth	10.94%	9.96%	8.04%	10.81%	16.60%	-13.17%	30.06%	-3.22%	-10.72%	58.50%	-0.23%
EBIT Q/Q Growth	11.56%	12.16%	9.28%	11.05%	14.05%	-15.15%	36.00%	-6.34%	-11.57%	68.18%	-2.11%
NOPAT Q/Q Growth	50.88%	-4.69%	16.43%	16.07%	22.19%	-21.82%	35.14%	-8.23%	-13.80%	69.42%	-0.47%
Net Income Q/Q Growth	52.70%	1.50%	11.68%	20.48%	9.24%	-1.91%	30.51%	-6.35%	-13.72%	50.67%	-0.79%
EPS Q/Q Growth	66.67%	-6.67%	14.29%	12.50%	11.11%	-20.00%	37.50%	-9.09%	-15.00%	47.06%	-4.00%
Operating Cash Flow Q/Q Growth	89.34%	-58.15%	-89.48%	1,824.95%	-26.67%	167.37%	-203.21%	263.19%	-59.81%	50.54%	-116.25%
Free Cash Flow Firm Q/Q Growth	25.26%	4.52%	-343.25%	4.32%	-64.85%	21.92%	-46.63%	17.63%	35.39%	-310.11%	25.18%
Invested Capital Q/Q Growth	1.60%	6.65%	21.19%	2.13%	16.39%	-3.32%	28.07%	-3.94%	2.58%	47.91%	3.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.84%	19.88%	19.70%	19.81%	20.05%	19.17%	19.58%	19.24%	19.04%	18.07%	18.47%
EBITDA Margin	6.05%	6.39%	6.42%	6.61%	7.20%	5.98%	7.00%	6.48%	5.54%	6.96%	7.04%
Operating Margin	5.04%	5.18%	5.43%	5.67%	5.97%	4.89%	6.03%	5.25%	4.47%	6.04%	6.06%
EBIT Margin	5.01%	5.40%	5.49%	5.67%	6.03%	4.90%	6.00%	5.37%	4.55%	6.06%	6.01%
Profit (Net Income) Margin	3.18%	3.10%	3.22%	3.61%	3.68%	3.46%	4.06%	3.64%	3.01%	3.59%	3.61%
Tax Burden Percent	80.72%	71.79%	74.20%	76.77%	83.10%	75.92%	74.91%	75.44%	73.22%	72.70%	73.07%
Interest Burden Percent	78.70%	80.08%	79.18%	83.03%	73.48%	92.97%	90.42%	89.78%	90.25%	81.44%	82.12%
Effective Tax Rate	19.28%	28.21%	25.80%	23.23%	16.90%	24.08%	25.09%	24.56%	26.78%	27.30%	26.93%
Return on Invested Capital (ROIC)	12.34%	10.96%	11.37%	12.70%	14.03%	11.12%	11.63%	11.06%	8.94%	10.74%	10.41%
ROIC Less NNEP Spread (ROIC-NNEP)	9.42%	9.13%	9.16%	10.48%	10.60%	-3.07%	9.59%	8.89%	7.58%	5.48%	7.44%
Return on Net Nonoperating Assets (RNNOA)	3.06%	3.33%	3.57%	3.85%	4.37%	-0.05%	1.85%	1.16%	1.29%	0.71%	1.65%
Return on Equity (ROE)	15.40%	14.29%	14.94%	16.54%	18.40%	11.07%	13.48%	12.21%	10.23%	11.45%	12.07%
Cash Return on Invested Capital (CROIC)	-1.11%	-0.12%	-20.24%	-17.33%	-30.16%	-20.09%	-26.92%	-20.34%	-9.29%	-50.54%	-31.42%
Operating Return on Assets (OROA)	5.12%	5.59%	5.81%	6.20%	6.75%	5.59%	6.79%	6.34%	5.51%	6.97%	7.24%
Return on Assets (ROA)	3.25%	3.22%	3.41%	3.95%	4.12%	3.94%	4.60%	4.29%	3.64%	4.13%	4.34%
Return on Common Equity (ROCE)	14.84%	13.77%	13.83%	15.34%	17.11%	10.49%	12.47%	11.30%	9.48%	10.44%	11.00%
Return on Equity Simple (ROE_SIMPLE)	9.71%	0.00%	11.53%	12.95%	13.19%	0.00%	9.16%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	5.70	5.43	6.32	7.34	8.97	7.01	9.48	8.70	7.50	13	13
NOPAT Margin	4.07%	3.72%	4.03%	4.35%	4.96%	3.71%	4.52%	3.96%	3.27%	4.39%	4.43%
Net Nonoperating Expense Percent (NNEP)	2.93%	1.83%	2.22%	2.22%	3.43%	14.19%	2.03%	2.17%	1.35%	5.26%	2.97%
Return On Investment Capital (ROIC_SIMPLE)	-	2.59%	-	-	-	2.25%	2.52%	2.35%	2.03%	2.32%	2.26%
Cost of Revenue to Revenue	80.16%	80.12%	80.30%	80.19%	79.95%	80.83%	80.42%	80.76%	80.96%	81.93%	81.53%
SG&A Expenses to Revenue	6.72%	6.68%	7.29%	7.04%	7.21%	7.34%	7.07%	8.02%	8.42%	6.69%	6.90%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.80%	14.70%	14.27%	14.15%	14.07%	14.28%	13.56%	13.99%	14.57%	12.03%	12.41%
Earnings before Interest and Taxes (EBIT)	7.02	7.88	8.61	9.56	11	9.25	13	12	10	18	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8.48	9.32	10	11	13	11	15	14	13	20	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.47	2.97	3.99	4.48	6.37	3.11	2.85	3.28	2.71	2.93	3.05
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	13.40	29.05	26.04	22.39	0.00	0.00
Price to Revenue (P/Rev)	0.63	0.76	1.02	1.14	1.65	1.31	1.16	1.29	1.03	1.03	1.03
Price to Earnings (P/E)	26.57	31.14	35.74	36.05	50.99	40.38	34.05	38.36	32.65	32.92	34.84
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.76%	3.21%	2.80%	2.77%	1.96%	2.48%	2.94%	2.61%	3.06%	3.04%	2.87%
Enterprise Value to Invested Capital (EV/IC)	2.13	2.47	2.91	3.30	4.30	3.35	2.69	3.22	2.69	2.32	2.41
Enterprise Value to Revenue (EV/Rev)	0.74	0.88	1.19	1.30	1.84	1.30	1.25	1.34	1.08	1.24	1.24
Enterprise Value to EBITDA (EV/EBITDA)	13.10	15.39	19.29	20.33	27.56	19.88	18.59	20.14	17.32	18.99	18.84
Enterprise Value to EBIT (EV/EBIT)	16.13	18.80	22.98	23.99	32.50	23.62	22.05	24.08	20.81	22.41	22.23
Enterprise Value to NOPAT (EV/NOPAT)	22.72	26.83	32.25	32.02	42.88	30.61	28.53	31.49	28.04	30.53	30.43
Enterprise Value to Operating Cash Flow (EV/OCF)	16.16	14.49	27.80	27.75	50.22	23.04	53.22	25.72	19.13	24.27	19.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.44	0.51	0.48	0.58	0.00	0.16	0.11	0.08	0.46	0.44
Long-Term Debt to Equity	0.39	0.44	0.51	0.48	0.58	0.00	0.16	0.11	0.08	0.45	0.42
Financial Leverage	0.32	0.36	0.39	0.37	0.41	0.01	0.19	0.13	0.17	0.13	0.22
Leverage Ratio	3.94	3.88	3.70	3.65	3.57	2.67	2.71	2.67	2.64	2.40	2.39
Compound Leverage Factor	3.10	3.11	2.93	3.03	2.62	2.48	2.45	2.40	2.38	1.96	1.96
Debt to Total Capital	27.82%	30.52%	33.65%	32.20%	36.76%	0.00%	13.98%	9.98%	7.05%	31.72%	30.35%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.91%	0.89%
Long-Term Debt to Total Capital	27.82%	30.52%	33.65%	32.20%	36.76%	0.00%	13.98%	9.98%	7.05%	30.80%	29.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.58%	2.47%	6.89%	6.84%	6.05%	5.99%	5.17%	5.48%	5.73%	7.60%	7.77%
Common Equity to Total Capital	69.59%	67.01%	59.46%	60.95%	57.19%	94.01%	80.85%	84.53%	87.23%	60.68%	61.89%
Debt to EBITDA	1.82	2.05	2.35	2.11	2.50	0.00	1.05	0.70	0.49	2.82	2.53
Net Debt to EBITDA	1.70	1.86	2.27	2.03	2.40	0.00	0.94	0.42	0.45	2.54	2.45
Long-Term Debt to EBITDA	1.82	2.05	2.35	2.11	2.50	0.00	1.05	0.70	0.49	2.73	2.45
Debt to NOPAT	3.15	3.58	3.92	3.32	3.89	0.00	1.61	1.09	0.80	4.53	4.08
Net Debt to NOPAT	2.95	3.24	3.79	3.19	3.73	0.00	1.45	0.66	0.72	4.08	3.96
Long-Term Debt to NOPAT	3.15	3.58	3.92	3.32	3.89	0.00	1.61	1.09	0.80	4.40	3.96
Altman Z-Score	1.66	1.80	2.02	2.17	2.60	2.71	2.48	2.76	2.60	2.17	2.42
Noncontrolling Interest Sharing Ratio	3.62%	3.62%	7.44%	7.30%	7.01%	5.22%	7.49%	7.46%	7.36%	8.79%	8.82%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.05	1.12	1.16	1.12	1.12	1.21	1.41	1.21	1.04	1.14	1.19
Quick Ratio	0.91	0.94	0.98	0.95	0.98	1.04	1.14	1.05	0.90	0.95	0.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-13	-13	-56	-54	-89	-69	-101	-84	-54	-221	-166
Operating Cash Flow to CapEx	698.08%	219.58%	17.33%	648.39%	847.25%	619.18%	-1,083.11%	1,130.65%	402.84%	588.87%	-64.61%
Free Cash Flow to Firm to Interest Expense	-8.87	-8.08	-31.35	-33.14	-30.64	-106.46	-84.20	-69.41	-53.15	-68.07	-54.01
Operating Cash Flow to Interest Expense	8.27	3.30	0.30	6.47	2.66	31.64	-17.62	28.77	13.70	6.44	-1.11
Operating Cash Flow Less CapEx to Interest Expense	7.09	1.80	-1.45	5.47	2.35	26.53	-19.24	26.23	10.30	5.35	-2.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.02	1.04	1.06	1.09	1.12	1.14	1.13	1.18	1.21	1.15	1.20
Accounts Receivable Turnover	9.44	9.51	9.43	9.18	9.10	9.76	9.00	9.30	9.41	9.27	9.40
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	20.18	19.74	17.04	17.95	18.68	19.34	17.79	17.09	17.34	18.18	19.04
Accounts Payable Turnover	31.41	35.78	36.60	35.77	37.24	37.76	37.74	37.17	36.47	35.01	40.02
Days Sales Outstanding (DSO)	38.67	38.36	38.70	39.78	40.11	37.38	40.58	39.25	38.79	39.36	38.85
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	11.62	10.20	9.97	10.20	9.80	9.67	9.67	9.82	10.01	10.43	9.12
Cash Conversion Cycle (CCC)	27.05	28.16	28.73	29.57	30.31	27.72	30.91	29.43	28.78	28.94	29.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	182	194	235	240	280	270	346	332	341	504	524
Invested Capital Turnover	3.04	2.95	2.82	2.92	2.83	2.99	2.57	2.79	2.73	2.45	2.35
Increase / (Decrease) in Invested Capital	19	18	63	61	98	76	111	92	61	234	178
Enterprise Value (EV)	388	480	685	793	1,201	905	933	1,072	916	1,172	1,265
Market Capitalization	332	417	587	697	1,078	911	866	1,029	872	974	1,057
Book Value per Share	$4.51	$4.69	$4.90	$5.18	$5.61	$8.54	$8.82	$9.09	$9.31	$9.61	$9.98
Tangible Book Value per Share	($0.49)	($0.62)	($1.16)	($1.08)	($1.85)	$1.98	$0.87	$1.15	$1.13	($3.01)	($2.62)
Total Capital	193	209	248	255	296	312	376	371	369	548	559
Total Debt	54	64	83	82	109	0.00	53	37	26	174	170
Total Long-Term Debt	54	64	83	82	109	0.00	53	37	26	169	165
Net Debt	50	58	81	79	104	-24	47	23	24	157	165
Capital Expenditures (CapEx)	1.77	2.36	3.14	1.62	0.91	3.32	1.96	3.06	3.46	3.56	5.27
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.05	2.47	9.11	7.38	6.74	-3.09	31	8.05	2.28	8.12	24
Debt-free Net Working Capital (DFNWC)	3.44	8.53	12	10	11	21	36	22	4.62	25	29
Net Working Capital (NWC)	3.44	8.53	12	10	11	21	36	22	4.62	20	24
Net Nonoperating Expense (NNE)	1.24	0.90	1.27	1.25	2.31	0.48	0.95	0.72	0.61	2.33	2.35
Net Nonoperating Obligations (NNO)	42	49	71	67	92	-42	23	-1.19	-2.03	130	135
Total Depreciation and Amortization (D&A)	1.45	1.44	1.46	1.60	2.11	2.05	2.11	2.44	2.28	2.60	2.92
Debt-free, Cash-free Net Working Capital to Revenue	0.01%	0.45%	1.58%	1.21%	1.03%	-0.44%	4.10%	1.01%	0.27%	0.86%	2.38%
Debt-free Net Working Capital to Revenue	0.66%	1.57%	2.06%	1.70%	1.72%	3.04%	4.80%	2.81%	0.55%	2.65%	2.86%
Net Working Capital to Revenue	0.66%	1.57%	2.06%	1.70%	1.72%	3.04%	4.80%	2.81%	0.55%	2.13%	2.37%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.15	$0.15	$0.16	$0.19	$0.20	$0.17	$0.23	$0.21	$0.18	$0.24	$0.25
Adjusted Weighted Average Basic Shares Outstanding	29.91M	29.86M	30.05M	30.14M	30.28M	31.19M	34.47M	34.53M	34.60M	34.56M	34.73M
Adjusted Diluted Earnings per Share	$0.15	$0.14	$0.16	$0.18	$0.20	$0.16	$0.22	$0.20	$0.17	$0.25	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	30.21M	30.19M	30.40M	30.78M	31.36M	32M	35.20M	35.37M	35.27M	35.32M	35.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	29.93M	30.01M	30.05M	30.21M	34.35M	34.43M	34.47M	34.56M	34.59M	34.66M	34.77M
Normalized Net Operating Profit after Tax (NOPAT)	5.70	5.48	5.76	7.34	8.97	7.06	9.48	7.91	7.46	13	13
Normalized NOPAT Margin	4.07%	3.75%	3.67%	4.35%	4.97%	3.74%	4.52%	3.60%	3.26%	4.41%	4.43%
Pre Tax Income Margin	3.94%	4.32%	4.34%	4.70%	4.43%	4.55%	5.42%	4.82%	4.11%	4.93%	4.94%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.70	5.02	4.80	5.89	3.77	14.23	10.44	9.79	10.26	5.39	5.59
NOPAT to Interest Expense	3.81	3.46	3.53	4.53	3.10	10.79	7.86	7.22	7.38	3.90	4.12
EBIT Less CapEx to Interest Expense	3.51	3.52	3.05	4.90	3.46	9.12	8.81	7.24	6.85	4.29	3.87
NOPAT Less CapEx to Interest Expense	2.62	1.96	1.77	3.53	2.79	5.68	6.24	4.68	3.98	2.81	2.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

The Pennant Group (NASDAQ:PNTG) has shown a notable step-up in revenue in 2025 alongside improved profitability and cash generation in most quarters. Below are the key trends over the last four years based on quarterly cash flow statements, income statements, and balance sheets.

Strong 2025 revenue growth, led by higher quarterly revenue. Q4 2025 operating revenue: 289,323,000 USD vs Q4 2024: 188,892,000 USD ( YoY rise of roughly 52-53%). This aligns with reported year-to-year top-line expansion driven by ongoing business activities and acquisitions.
Improving profitability in 2025, with rising net income from continuing operations. Q4 2025 net income from continuing operations: 10,375,000 USD, up from 6,539,000 USD in Q4 2024. Across 2025, quarterly net income from continuing operations trended higher (e.g., Q1–Q3 2025 show positive gains).
Operating cash flow turning consistently positive in 2025, supporting liquidity. Net cash from continuing operating activities: Q4 2025 20,958,000 USD; Q2 2025 34,643,000 USD; Q3 2025 13,922,000 USD. Q1 2025 was negative, but the latter three quarters show meaningful cash generation from operations.
Debt financing used to fund growth, boosting liquidity in late 2025. Q4 2025 issuance of debt: 229,500,000 USD and net cash from financing activities: 146,751,000 USD, indicating a financing boost to support acquisitions and expansion.
Gross margin broadly stable around the mid-to-high teens percent in 2025. Gross margin (Total Gross Profit / Total Revenue) sits around 18–20% across 2025 quarters (e.g., Q4 2025: ~18%, Q3 2025: ~19%). This suggests consistent profitability on a per-revenue basis despite mix changes.
Balance sheet expansion aligns with growth strategy. Total assets increased from about 646.8M at Q4 2024 to about 753.6M by Q3 2025, signaling asset growth consistent with expansion and acquisitions.
Investing activities remain a drain as the company invests in PPE and acquisitions. Net cash from investing activities has been negative in several quarters (e.g., Q4 2025 net investing cash flow around -153,021,000 USD; Q4 2024 also shows sizable acquisitions), reflecting ongoing capital deployment into growth initiatives.
Quarterly cash balance fluctuates but trended higher into late 2025. Net change in cash and equivalents was positive in Q4 2025 (approximately +14.7M USD), indicating improved liquidity heading into year-end.
Q1 2025 cash from operations negative, a short-term liquidity challenge. Net cash from continuing operating activities in Q1 2025 was negative (about -21.2M USD), highlighting a quarter with working capital or timing effects that temporarily reduced cash flow from operations.
Big acquisitions weigh near-term cash flow and raise leverage risk. Significant one-time investing outflows (e.g., Q4 2025 Acquisitions at -148,912,000 USD) and large investing outlays can pressure near-term cash flow and elevate debt levels, warranting attention to ongoing leverage and interest costs.

05/09/26 01:31 PM ETAI Generated. May Contain Errors.

The Pennant Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, The Pennant Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

The Pennant Group's net income appears to be on an upward trend, with a most recent value of $33.76 million in 2025, rising from $10.03 million in 2017. The previous period was $24.34 million in 2024. View The Pennant Group's forecast to see where analysts expect The Pennant Group to go next.

The Pennant Group's total operating income in 2025 was $51.89 million, based on the following breakdown:

Total Gross Profit: $179.20 million
Total Operating Expenses: $127.32 million

Over the last 8 years, The Pennant Group's total revenue changed from $250.99 million in 2017 to $947.71 million in 2025, a change of 277.6%.

The Pennant Group's total liabilities were at $593.93 million at the end of 2025, a 61.6% increase from 2024, and a 1,707.3% increase since 2018.

In the past 7 years, The Pennant Group's cash and equivalents has ranged from $41 thousand in 2018 to $24.25 million in 2024, and is currently $17.02 million as of their latest financial filing in 2025.

Over the last 8 years, The Pennant Group's book value per share changed from 0.00 in 2017 to 9.61 in 2025, a change of 961.5%.

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Financial statements for NASDAQ:PNTG last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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The Pennant Group (PNTG) Financials

Financials Breakdown Chart

Key Financial Trends

The Pennant Group Financials - Frequently Asked Questions

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The Pennant Group (PNTG) Financials

Annual Income Statements for The Pennant Group

Quarterly Income Statements for The Pennant Group

Annual Cash Flow Statements for The Pennant Group

Quarterly Cash Flow Statements for The Pennant Group

Annual Balance Sheets for The Pennant Group

Quarterly Balance Sheets for The Pennant Group

Annual Metrics And Ratios for The Pennant Group

Quarterly Metrics And Ratios for The Pennant Group

Financials Breakdown Chart

Key Financial Trends

The Pennant Group Financials - Frequently Asked Questions

When does The Pennant Group's fiscal year end?

How has The Pennant Group's net income changed over the last 8 years?

What is The Pennant Group's operating income?

How has The Pennant Group's revenue changed over the last 8 years?

How much debt does The Pennant Group have?

How much cash does The Pennant Group have?

How has The Pennant Group's book value per share changed over the last 8 years?

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