AMN Healthcare Services, Inc.

AMNNYSEHealthcare● Active

$31.14

$-0.55(-1.74%)

Market Cap$1.2B

P/E Ratio—

52W High$32.5199

52W Low$14.87

Avg Volume1.0M

Open$32.15

Beta0.44

Overview

AMN Healthcare Services, Inc. (AMN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

AMN · free cash flow · updated Jun 8, 2026

Core FCF metrics

AMN · FCF · TTM · margin & CAGR

Free cash flow was $233.8M for FY2025 (fiscal year ending 2025-12-31), down 2.4% year-over-year The FCF margin was 8.6%. Five-year CAGR stands at +1.4%.

FY2025 Free Cash Flow$233.8M▼ -2.4% YoY

Trailing 12M (TTM)$706.3Mtrailing 4 quarters sum

FCF Margin8.6%$233.8M ÷ revenue

3-Year CAGR-25.8%FY2022 → FY2025

5-Year CAGR+1.4%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

AMN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$269.5M(36M)$233.8M▼ 2.4%8.6%

FY2024$320.4M(81M)$239.5M▼ 10.2%8.0%

FY2023$372.2M(105M)$266.8M▼ 53.4%7.0%

FY2022$653.7M(81M)$572.8M▲ +127.6%10.9%

FY2021$305.4M(54M)$251.7M▲ +15.6%6.3%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

AMN · P/FCF · FCF yield · FCF per share

AMN Healthcare Services, Inc. (AMN) trades at a FCF yield of 58.65% and a price-to-free-cash-flow ratio of 1.7x. FCF per share stands at $18.34, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

58.65%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$18.34

TTM FCF ÷ Shares Outstanding

Price / FCF

x1.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x2.0

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

AMN · cash flow statement · operating / investing / financing

For FY2025, AMN Healthcare Services, Inc. generated $269.5M in operating cash flow and spent 36M in capital expenditures, yielding $233.8M in free cash flow.

Operating Activities

+$269.5M

Cash from core business operations

2025-12-31

Investing Activities

+$4.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$295.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($269.5M) − |CapEx| (36M) = FCF ($233.8M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Healthcare)

AMN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

AMN Healthcare Services, Inc.YOU

AMN

$233.8M-2.4%8.6%

UnitedHealth Group Incorporated

UNH

$16.07B-22.4%3.6%

82%

Eli Lilly and Company

LLY

$8.97B+2065.6%13.8%

46%

Healthcare · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

AMN Healthcare Services, Inc. (AMN) reported free cash flow of $233.8M for FY2025 (fiscal year ending 2025-12-31), down 2.4% year-over-year. The FCF margin was 8.6%.

Based on available data, AMN Healthcare Services, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $572.8M in FY2022. The 5-year CAGR stands at +1.4%.

AMN Healthcare Services, Inc.'s FCF yield is 58.65% and price-to-FCF ratio is 1.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

AMN free cash flow · 8 questions

AMN Healthcare Services, Inc. free cash flow was $233.8M for FY2025, down 2.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $706.3M.

AMN free cash flowAMN FCFAMN FCF 2025AMN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · AMN Healthcare Services, Inc. · AMN Healthcare Services, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026