Filing Flows › Healthcare Services Group (HCSG) › Q4 2025
Healthcare Services Group (HCSG) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 13, 2026
Healthcare Services Group (HCSG) reported revenue of $467M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +0.5% from the quarter before. Operating margin was 6.1%, net earnings $31.2M (6.7% of revenue).
Healthcare Services Group, Q4 2025: revenue $467M (+7% year over year), operating margin 6.1%, net earnings $31.2M, operating cash flow $17.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $467M | +0.5% | +7% |
| Operating profit | $28.6M | -50% | +93% |
| Net earnings | $31.2M | -27% | +162% |
| Operating cash flow | $17.4M | -76% | -52% |
| Free cash flow | $16.0M | -77% | -54% |
What changed
Revenue was $466.7M in Q4 2025, up 7% year over year and up 1% from the previous quarter.
Operating profit was $28.6M, a 6.1% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 3% margin then. Total costs grew 4% against revenue growth of 7%. Net earnings were $31.2M, up 162% year over year. The effective tax rate was -9.4%.
Operating cash flow was $17.4M (down 52% year over year), 56% of net earnings. Non-cash charges added back $3.9M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $20.9M. Capital expenditures of $1.4M left free cash flow of $16.0M.
Questions
What was Healthcare Services Group's revenue in the fourth quarter 2025?
Healthcare Services Group (HCSG) reported revenue of $467M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and +0.5% from the quarter before.
Was Healthcare Services Group profitable in the fourth quarter 2025?
Operating profit was $28.6M (6.1% of revenue) and net earnings $31.2M.