Filing Flows › Healthcare Services Group (HCSG) › Q1 2025
Healthcare Services Group (HCSG) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
Healthcare Services Group (HCSG) reported revenue of $448M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before. Operating margin was 5.3%, net earnings $17.2M (3.8% of revenue).
Healthcare Services Group, Q1 2025: revenue $448M (+6% year over year), operating margin 5.3%, net earnings $17.2M, operating cash flow $27.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $448M | +2% | +6% |
| Operating profit | $23.9M | +61% | +12% |
| Net earnings | $17.2M | +45% | +13% |
| Operating cash flow | $27.5M | -24% | — |
| Free cash flow | $25.8M | -26% | — |
What changed
Revenue was $447.7M in Q1 2025, up 6% year over year and up 2% from the previous quarter. Dietary was the largest line at 56% of revenue. Dietary added $18.4M year over year (up 8%), 76% of the total change.
Operating profit was $23.9M, a 5.3% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, above the 5% margin then. Total costs grew 5% against revenue growth of 6%. Net earnings were $17.2M, up 13% year over year. The effective tax rate was 27.9%.
Operating cash flow was $27.5M, 160% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $1.7M left free cash flow of $25.8M.
Questions
What was Healthcare Services Group's revenue in the first quarter 2025?
Healthcare Services Group (HCSG) reported revenue of $448M for the first quarter 2025 (Q1 2025), +6% from a year earlier and +2% from the quarter before.
Was Healthcare Services Group profitable in the first quarter 2025?
Operating profit was $23.9M (5.3% of revenue) and net earnings $17.2M.