Filing Flows › Healthcare Services Group (HCSG) › Q1 2026
Healthcare Services Group (HCSG) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
Healthcare Services Group (HCSG) reported revenue of $463M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -0.8% from the quarter before. Operating margin was 7.5%, net earnings $26.1M (5.6% of revenue).
Healthcare Services Group, Q1 2026: revenue $463M (+3% year over year), operating margin 7.5%, net earnings $26.1M, operating cash flow $43.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $463M | -0.8% | +3% |
| Operating profit | $34.5M | +21% | +45% |
| Net earnings | $26.1M | -17% | +51% |
| Operating cash flow | $43.7M | +152% | +59% |
| Free cash flow | $42.3M | +164% | +64% |
What changed
Revenue was $462.8M in Q1 2026, up 3% year over year and down 1% from the previous quarter. Dietary was the largest line at 55% of revenue. Environmental Services added $12.0M year over year (up 6%), 79% of the total change.
Operating profit was $34.5M, a 7.5% margin (up 2.1 points year over year). Of the extra revenue versus Q1 2025, 70% reached operating profit, above the 5% margin then. Total costs grew 1% against revenue growth of 3%. Net earnings were $26.1M, up 51% year over year. The effective tax rate was 24.6%.
Operating cash flow was $43.7M (up 59% year over year), 168% of net earnings. Non-cash charges added back $3.8M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items added $11.1M. Capital expenditures of $1.4M left free cash flow of $42.3M.
Questions
What was Healthcare Services Group's revenue in the first quarter 2026?
Healthcare Services Group (HCSG) reported revenue of $463M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -0.8% from the quarter before.
Was Healthcare Services Group profitable in the first quarter 2026?
Operating profit was $34.5M (7.5% of revenue) and net earnings $26.1M.