BTSGBrightSpring Health Services, Inc.
Services-Home Health Care Services
- Revenue
- $12.9B
- 28% YoY
- Operating margin
- 2.3%
- 113% YoY
- EBITDA
- $460M
- 47% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.2×
- $1.5B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear259% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear9% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyFired40% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|
| Revenue | $6.6B | $7.7B | $10.1B | $12.9B | 28% |
| Operating income | $119M | $58M | $108M | $295M | 173% |
| Net income | −$54M | −$155M | $21M | $189M | 822% |
| Operating cash flow | −$5M | $211M | $24M | $490M | 1962% |
| Capex | $70M | $74M | $81M | $95M | 18% |
| Stock-based comp | $4M | $4M | $69M | $70M | 1.3% |
| Buybacks | — | $650K | $650K | $43M | 6542% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $10M · 2
- Net
- −$10M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $18M | $44M | 340 | 124 |
| FY2024 | $18M | $16M | 155 | 103 |