Tearsheet

Cross Country Healthcare (CCRN)


Market Price (4/5/2026): $9.19 | Market Cap: $297.1 Mil
Sector: Health Care | Industry: Health Care Facilities

Cross Country Healthcare (CCRN)


Market Price (4/5/2026): $9.19
Market Cap: $297.1 Mil
Sector: Health Care
Industry: Health Care Facilities

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -36%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%

Attractive yield
FCF Yield is 14%

Low stock price volatility
Vol 12M is 46%

Megatrend and thematic drivers
Megatrends include Healthcare Workforce Innovation, and Healthcare Talent & Labor Market Dynamics. Themes include Clinical Staffing Solutions, Integrated Workforce Management, Show more.

Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -127%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -22%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -28%, Rev Chg QQuarterly Revenue Change % is -24%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36%

Key risks
CCRN key risks include [1] a significant decline in demand for staffing services and [2] regulatory uncertainty surrounding its pending acquisition.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -36%
1 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -31%
2 Attractive yield
FCF Yield is 14%
3 Low stock price volatility
Vol 12M is 46%
4 Megatrend and thematic drivers
Megatrends include Healthcare Workforce Innovation, and Healthcare Talent & Labor Market Dynamics. Themes include Clinical Staffing Solutions, Integrated Workforce Management, Show more.
5 Weak multi-year price returns
2Y Excs Rtn is -76%, 3Y Excs Rtn is -127%
6 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -3.9 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.4%
7 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -22%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -28%, Rev Chg QQuarterly Revenue Change % is -24%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -36%
9 Key risks
CCRN key risks include [1] a significant decline in demand for staffing services and [2] regulatory uncertainty surrounding its pending acquisition.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Cross Country Healthcare (CCRN) stock has gained about 15% since 12/31/2025 because of the following key factors:

1. Positive analyst upgrades and raised price targets signal increased confidence in the company's outlook.

In March 2026, Wedbush upgraded Cross Country Healthcare's rating to 'Outperform' and increased its price target from $11.00 to $15.00, representing a 36.36% increase. Benchmark also upgraded the stock to 'Buy' with a $14.00 price target in early March.

2. Strategic emphasis on technology-driven workforce solutions aligns with persistent healthcare staffing shortages.

Cross Country Healthcare's 2026 Healthcare Workforce Outlook, released on March 2, 2026, highlighted a strategic shift towards AI-driven forecasting and unified labor technology to enhance cost control and workforce sustainability. This focus addresses the ongoing structural labor shortages in the healthcare industry and the growing demand for flexible staffing models, such as locum tenens, which is identified as the fastest-growing segment.

Show more

Stock Movement Drivers

Fundamental Drivers

The 13.3% change in CCRN stock from 12/31/2025 to 4/4/2026 was primarily driven by a 20.5% change in the company's P/S Multiple.
(LTM values as of)123120254042026Change
Stock Price ($)8.109.1813.3%
Change Contribution By: 
Total Revenues ($ Mil)1,1271,054-6.5%
P/S Multiple0.20.320.5%
Shares Outstanding (Mil)33320.6%
Cumulative Contribution13.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/4/2026
ReturnCorrelation
CCRN13.3% 
Market (SPY)-5.4%34.6%
Sector (XLV)-5.2%-4.9%

Fundamental Drivers

The -35.4% change in CCRN stock from 9/30/2025 to 4/4/2026 was primarily driven by a -27.2% change in the company's P/S Multiple.
(LTM values as of)93020254042026Change
Stock Price ($)14.209.18-35.4%
Change Contribution By: 
Total Revenues ($ Mil)1,1931,054-11.6%
P/S Multiple0.40.3-27.2%
Shares Outstanding (Mil)32320.5%
Cumulative Contribution-35.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/4/2026
ReturnCorrelation
CCRN-35.4% 
Market (SPY)-2.9%27.9%
Sector (XLV)5.9%9.3%

Fundamental Drivers

The -38.3% change in CCRN stock from 3/31/2025 to 4/4/2026 was primarily driven by a -21.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120254042026Change
Stock Price ($)14.899.18-38.3%
Change Contribution By: 
Total Revenues ($ Mil)1,3441,054-21.6%
P/S Multiple0.40.3-21.4%
Shares Outstanding (Mil)32320.0%
Cumulative Contribution-38.3%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/4/2026
ReturnCorrelation
CCRN-38.3% 
Market (SPY)16.3%16.8%
Sector (XLV)1.9%6.9%

Fundamental Drivers

The -58.9% change in CCRN stock from 3/31/2023 to 4/4/2026 was primarily driven by a -62.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120234042026Change
Stock Price ($)22.329.18-58.9%
Change Contribution By: 
Total Revenues ($ Mil)2,8031,054-62.4%
P/S Multiple0.30.3-3.0%
Shares Outstanding (Mil)363212.7%
Cumulative Contribution-58.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/4/2026
ReturnCorrelation
CCRN-58.9% 
Market (SPY)63.3%12.4%
Sector (XLV)18.7%6.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CCRN Return213%-4%-15%-20%-55%15%5%
Peers Return60%-20%10%-13%-21%0%-3%
S&P 500 Return27%-19%24%23%16%-4%75%

Monthly Win Rates [3]
CCRN Win Rate67%42%33%25%25%50% 
Peers Win Rate75%38%52%42%48%40% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CCRN Max Drawdown-2%-43%-32%-57%-59%-2% 
Peers Max Drawdown-3%-31%-19%-24%-34%-12% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMN, ENSG, ASGN, KFY, RHI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/2/2026 (YTD)

How Low Can It Go

Unique KeyEventCCRNS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-52.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven112.4%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-59.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven144.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven291 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-57.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven137.0%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven746 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-77.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven339.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven4,623 days1,480 days

Compare to AMN, ENSG, ASGN, KFY, RHI

In The Past

Cross Country Healthcare's stock fell -52.9% during the 2022 Inflation Shock from a high on 10/28/2022. A -52.9% loss requires a 112.4% gain to breakeven.

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About Cross Country Healthcare (CCRN)

Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States. The company operates in two segments, Nurse and Allied Staffing and Physician Staffing. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, local nurses, and allied staffing; staffing solutions for registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and clinical and non-clinical professionals on long-term contract assignments, as well as workforce solutions, including MSP, RPO, and consulting services. It also provides retained search services for healthcare professionals, as well as contingent search and recruitment process outsourcing services. This segment serves public and private acute care and non-acute care hospitals, government facilities, local and national healthcare plans, managed care providers, public and charter schools, outpatient clinics, ambulatory care facilities, physician practice groups, and other healthcare providers under the Cross Country brand. The Physician Staffing segment provides physicians in various specialties, certified registered nurse anesthetists, nurse practitioners, and physician assistants under the Cross Country Locums brand as independent contractors on temporary assignments at various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The company was founded in 1986 and is headquartered in Boca Raton, Florida.

AI Analysis | Feedback

It's like **Robert Half or Kelly Services, but exclusively for healthcare professionals like nurses, doctors, and allied staff**.
It's essentially a **temp agency for hospitals and clinics**.

AI Analysis | Feedback

  • Nurse and Allied Professional Staffing: Provides temporary and permanent placement of nurses and allied health professionals for various healthcare settings.
  • Physician and Advanced Practice Staffing: Offers temporary (locum tenens) assignments for physicians, certified registered nurse anesthetists, nurse practitioners, and physician assistants.
  • Workforce Solutions: Delivers managed service programs (MSP), recruitment process outsourcing (RPO), and consulting services to healthcare clients.
  • Retained and Contingent Search Services: Conducts executive and professional search for healthcare professionals on a retained or contingent basis.

AI Analysis | Feedback

Cross Country Healthcare (CCRN) primarily sells its services to other companies and organizations within the healthcare sector, rather than directly to individuals. Its major customers fall into the following categories:
  • Public and private acute care and non-acute care hospitals
  • Government facilities
  • Local and national healthcare plans, managed care providers, and managed care organizations
  • Public and charter schools
  • Outpatient clinics, ambulatory care facilities, physician practice groups, and medical group practices
  • Other healthcare providers

AI Analysis | Feedback

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AI Analysis | Feedback

Kevin C. Clark, Co-Founder, Chairman, and Chief Executive Officer

Kevin C. Clark co-founded Cross Country Healthcare in 1986, helping to pioneer the modern healthcare staffing industry. He served as Chairman and Chief Executive Officer through 1994, and again from January 2019 to March 2022. He returned as President and Chief Executive Officer, effective December 14, 2025. Between his tenures at Cross Country Healthcare, he co-founded OGH, LLC, a leading workforce solutions company that was acquired by AMN Healthcare in 2015. He also founded or led other healthcare staffing companies such as Talivity, Inc., Onward Healthcare, Inc., Locum Leaders, and Medefis, all of which were acquired in 2015. Additionally, Mr. Clark led Pinnacor Inc., which had a successful IPO in 2000 and was later sold to Dow Jones & Co.

William J. Burns, Executive Vice President and Chief Financial Officer

William J. Burns has served as the Executive Vice President and Chief Financial Officer of Cross Country Healthcare since 2022. He joined the company in April 2014. Prior to joining Cross Country Healthcare, Mr. Burns was the Group Vice President and Corporate Controller for Gartner, Inc. His career spans nearly three decades, with senior executive roles at companies including Computer Associates, Adecco, and Honeywell. He was recognized with the South Florida Business Journal CFO Award for Turn-Around Achievement of the Year in 2016 for his work with Cross Country.

Daniel J. White, Chief Commercial Officer

Daniel J. White joined Cross Country Healthcare as its first Chief Commercial Officer in April 2022. He brings over 25 years of experience in the staffing industry and is recognized as an expert in Total Workforce Management. Before his role at Cross Country Healthcare, Mr. White held senior leadership positions including President of Workforce Solutions at AMN Healthcare Services, Inc., President of Recruitment Process Outsourcing at Pontoon Solutions, and Global Offering Leader for Smarter Workforce Services at IBM Corporation. Most recently, he served as CEO of Healthcareteams.

Susan E. Ball, Executive Vice President, Chief Administrative Officer, General Counsel and Secretary

Susan E. Ball joined Cross Country Healthcare in 2002 and has served as General Counsel since May 2004, and Secretary since March 2010. She was appointed Executive Vice President on January 1, 2017, and also holds the title of Chief Administrative Officer. Before practicing law, Ms. Ball was a Registered Nurse, which provides her with unique insight into the company's legal matters. She previously practiced law at Gunster, a Florida-based law firm, and Skadden, Arps, Slate, Meagher and Flom in New York.

Marvin Veizaga, Senior Vice President, Chief Accounting Officer

Marvin Veizaga was appointed Senior Vice President, Chief Accounting Officer, effective March 10, 2026. He has been with Cross Country Healthcare since 2015, previously serving as Group Vice President, Corporate Controller, Vice President, Assistant Controller, and Vice President, Business Unit Controller. Before joining the company, Mr. Veizaga was a Senior Auditor at Deloitte & Touche LLP. He is a certified public accountant.

AI Analysis | Feedback

The key risks to Cross Country Healthcare (CCRN) are primarily centered around the challenging dynamics of the healthcare labor market and the execution of strategic transactions.

  1. Shortage and Retention of Qualified Healthcare Professionals: Cross Country Healthcare's core business relies heavily on its ability to recruit and retain qualified nurses, allied professionals, and physicians. The healthcare industry is facing a widespread and persistent shortage of skilled professionals, exacerbated by an aging workforce nearing retirement, insufficient growth in nursing school enrollments, and high rates of burnout and attrition among existing staff. This shortage directly impacts the company's ability to fill client assignments and meet growing patient demand, posing a fundamental threat to its revenue and operational stability.
  2. Fluctuations in Demand for Healthcare Staffing Services: The demand for temporary healthcare labor, particularly travel nursing, has seen significant post-pandemic normalization, leading to a market pullback. Cross Country Healthcare's Nurse and Allied segment experienced a substantial year-over-year revenue decline in Q1 2025, indicating challenges in this core market. Healthcare facilities are increasingly seeking to optimize labor deployment and reduce reliance on premium temporary staffing, which can impact the volume and pricing of services offered by staffing companies like CCRN.
  3. Risks Associated with Acquisitions and Strategic Transactions: Cross Country Healthcare continually evaluates and pursues acquisitions and strategic transactions for growth. However, such activities inherently carry execution and regulatory risks, as demonstrated by the recently terminated agreement for its acquisition by Aya Healthcare. This specific event resulted in financial exposure for CCRN, including a $20.0 million termination fee, and highlights potential adverse impacts on its business, operations, and financial condition from unrecovered transaction costs, integration challenges, and regulatory scrutiny in future strategic endeavors.

AI Analysis | Feedback

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AI Analysis | Feedback

Cross Country Healthcare operates within several substantial addressable markets primarily in the United States. The overall U.S. healthcare staffing market was estimated at approximately $45.48 billion in 2025 and is projected to reach $89.71 billion by 2033. For its main products and services, the addressable markets are: * **Nurse and Allied Staffing:** * The travel nurse segment, a significant portion of their nurse staffing, held a revenue share of 40.53% of the U.S. healthcare staffing market in 2025. Based on the overall market size, this would be approximately $18.43 billion in 2025. * The U.S. allied healthcare staffing market was estimated at $28.17 billion in 2025 and is projected to grow to $31.08 billion in 2026 and $45.61 billion by 2030. * **Physician Staffing (Locum Tenens):** The U.S. locum tenens market, which includes physicians, certified registered nurse anesthetists, nurse practitioners, and physician assistants, reached an estimated $9.6 billion in 2025 and is expected to grow to $9.9 billion in 2026. * **Workforce Solutions (MSP and RPO):** * The managed services market linked to healthcare in the United States could exceed $18 billion by 2031. * The global healthcare recruitment process outsourcing (RPO) market was estimated at $580.45 million in 2025 and is expected to reach $618.69 million in 2026. North America is identified as the most significant global RPO market shareholder.

AI Analysis | Feedback

Cross Country Healthcare (CCRN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market improvements:

  1. Technology-Led Growth through Proprietary Platforms and Automation: The company is leveraging its proprietary technology platforms, Intellify and Xperience, as central to its future growth strategy. Intellify is planned for expansion into the home-based and education staffing markets in 2026, and 95% of Managed Service Provider (MSP) and vendor-neutral clients are already utilizing it. Cross Country Healthcare is also integrating AI and automation to enhance recruiter productivity, improve efficiency, expand margins, and establish scalable recurring revenue streams.
  2. Strategic Investments in Revenue Producers: Cross Country Healthcare has made deliberate investments in increasing its revenue-generating staff, including recruiters, account managers, and sales professionals. These investments, primarily funded by redeploying cost savings, have already shown positive results, with several dozen new revenue producers added in the first quarter of 2026.
  3. Expansion and Growth in Higher-Margin and Strategic Segments: The company is focusing on and experiencing growth in its higher-margin and strategic segments. The Physician Staffing segment demonstrated strong top-line growth in Q4 2023, increasing 26% year-over-year. The home-based staffing business also saw robust organic growth, up 34% over the prior year in Q4 2025. Additionally, the Education Staffing business is projected to return to growth in 2026, with these diversified segments contributing to stability and incremental growth.
  4. Stabilization and Recovery of the Travel Nursing and Allied Staffing Market, Coupled with New Client Acquisitions and MSP Wins: Management anticipates a stabilization and recovery in the healthcare staffing market, particularly in travel nursing, with an expectation for growth in 2026. There is noted stability in demand and bill rates, and clients are increasingly prioritizing the speed of filling positions. The company expects travel assignments to be flat to slightly up sequentially, with Travelers On Assignment projected to grow monthly into Q2 2026. Furthermore, Cross Country Healthcare successfully renewed, expanded, and secured over $400 million in new contract value, predominantly with its MSP clients, and possesses a robust sales pipeline for expanding its portfolio and acquiring new clients in 2026.

AI Analysis | Feedback

Share Repurchases

  • Cross Country Healthcare's Board of Directors authorized a new $100 million stock repurchase program in August 2022.
  • In December 2025, following the termination of its planned merger with Aya Healthcare, the company announced it would immediately commence repurchases under an existing $40 million authorization.
  • From October 1 to December 31, 2025, the company repurchased 800,000 shares for $6.5 million. As of December 31, 2025, $34.0 million remained authorized for future repurchases.

Share Issuance

  • Cross Country Healthcare reported $0 million in issuance of stock as of September and December 2025.

Inbound Investments

  • In December 2024, Aya Healthcare announced a definitive agreement to acquire Cross Country Healthcare in an all-cash deal valued at approximately $615 million, or $18.61 per share.
  • This merger agreement was terminated in December 2025 due to regulatory scrutiny.
  • Upon termination of the merger, Aya Healthcare paid Cross Country Healthcare a $20 million fee.

Outbound Investments

  • In June 2021, Cross Country Healthcare acquired Workforce Solutions Group, Inc. (WSG) for $25.0 million in cash and $5.0 million in company common stock, with a potential earn-out of up to an additional $15.0 million. This acquisition aimed to expand its home care business.

Capital Expenditures

  • Annual capital expenditures were approximately $8.79 million in 2022, $14 million in 2023, and $8.71 million in 2024.
  • For the trailing twelve months ended September 2025, capital expenditure was -$8.58 million.
  • The company is focusing capital on expanding its proprietary technology platform, Intellify®, into home-based and education staffing markets in 2026.

Better Bets vs. Cross Country Healthcare (CCRN)

Trade Ideas

Select ideas related to CCRN.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
PGNY_3312026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03312026PGNYProgynyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
0.0%0.0%0.0%
CNC_3272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03272026CNCCenteneDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
2.3%2.3%-0.6%
OSCR_3272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG03272026OSCROscar HealthDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.0%3.0%-2.6%
WAT_3202026_Monopoly_xInd_xCD_Getting_Cheaper03202026WATWatersMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.4%-0.4%-3.3%
GILD_3202026_Quality_Momentum_RoomToRun_10%03202026GILDGilead SciencesQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
1.6%1.6%-2.2%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

CCRNAMNENSGASGNKFYRHIMedian
NameCross Co.AMN Heal.Ensign ASGN Korn Fer.Robert H. 
Mkt Price9.1818.20196.6239.0563.3625.2932.17
Mkt Cap0.30.711.31.73.32.52.1
Rev LTM1,0542,7305,0583,9802,8905,3793,435
Op Inc LTM-43342523037876153
FCF LTM40234180288288267250
FCF 3Y Avg129247185357273404260
CFO LTM48269564328373320324
CFO 3Y Avg139321429395339456367

Growth & Margins

CCRNAMNENSGASGNKFYRHIMedian
NameCross Co.AMN Heal.Ensign ASGN Korn Fer.Robert H. 
Rev Chg LTM-21.6%-8.5%18.7%-2.9%5.4%-7.2%-5.1%
Rev Chg 3Y Avg-27.7%-19.2%18.7%-4.5%0.5%-9.4%-7.0%
Rev Chg Q-23.6%1.8%20.2%-0.5%7.2%-5.8%0.7%
QoQ Delta Rev Chg LTM-6.5%0.5%4.7%-0.1%1.7%-1.5%0.2%
Op Mgn LTM-0.4%1.2%8.4%5.8%13.1%1.4%3.6%
Op Mgn 3Y Avg2.6%4.8%7.9%7.1%11.5%4.3%6.0%
QoQ Delta Op Mgn LTM-0.8%-0.4%0.1%-0.4%0.2%-0.7%-0.4%
CFO/Rev LTM4.6%9.9%11.2%8.2%12.9%5.9%9.1%
CFO/Rev 3Y Avg8.6%10.1%9.8%9.4%12.0%7.7%9.6%
FCF/Rev LTM3.8%8.6%3.6%7.2%10.0%5.0%6.1%
FCF/Rev 3Y Avg7.9%7.9%4.4%8.5%9.7%6.8%7.9%

Valuation

CCRNAMNENSGASGNKFYRHIMedian
NameCross Co.AMN Heal.Ensign ASGN Korn Fer.Robert H. 
Mkt Cap0.30.711.31.73.32.52.1
P/S0.30.32.20.41.10.50.4
P/EBIT-3.7-12.724.47.28.332.97.7
P/E-3.1-7.432.914.612.218.913.4
P/CFO6.22.620.15.18.87.97.0
Total Yield-32.0%-13.6%3.2%6.8%9.8%14.8%5.0%
Dividend Yield0.0%0.0%0.1%0.0%1.6%9.5%0.1%
FCF Yield 3Y Avg21.4%24.6%2.5%11.0%8.2%7.1%9.6%
D/E0.01.10.20.70.20.10.2
Net D/E-0.41.10.10.6-0.1-0.10.0

Returns

CCRNAMNENSGASGNKFYRHIMedian
NameCross Co.AMN Heal.Ensign ASGN Korn Fer.Robert H. 
1M Rtn-7.2%-19.3%-5.1%-9.5%-1.8%1.5%-6.2%
3M Rtn13.9%20.4%13.1%-16.3%-3.7%-5.1%4.7%
6M Rtn-30.3%-11.3%12.2%-19.7%-7.6%-23.0%-15.5%
12M Rtn-36.7%-10.7%52.3%-36.2%4.7%-43.7%-23.5%
3Y Rtn-57.9%-78.0%103.2%-50.6%36.3%-61.4%-54.3%
1M Excs Rtn4.7%-12.3%-3.1%-2.7%5.3%8.2%1.0%
3M Excs Rtn17.2%19.3%16.7%-15.1%0.6%-0.7%8.7%
6M Excs Rtn-31.4%-6.9%14.7%-17.2%-5.5%-20.1%-12.1%
12M Excs Rtn-55.1%-40.4%34.1%-54.6%-21.5%-66.3%-47.5%
3Y Excs Rtn-127.1%-144.1%49.5%-117.2%-32.1%-127.8%-122.1%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Nurse and Allied Staffing1,1451,8412,7001,606768
Physician Staffing1991781067168
Total1,3442,0202,8071,677836


Operating Income by Segment
$ Mil20252024202320222021
Nurse and Allied Staffing7319735520674
Physician Staffing1510644
Impairment charges-3-1-6-2-16
Acquisition and integration-related costs-4-0   
Restructuring costs-4-3-2-3-6
Legal and other losses-7-1   
Depreciation and amortization-18-18-13-10-13
Corporate overhead-69-71-67-55-52
Legal settlement charges  0  
Other costs  -1-1-0
Total-17113273139-9


Price Behavior

Price Behavior
Market Price$9.18 
Market Cap ($ Bil)0.3 
First Trading Date10/25/2001 
Distance from 52W High-37.1% 
   50 Days200 Days
DMA Price$9.07$11.15
DMA Trenddownup
Distance from DMA1.2%-17.7%
 3M1YR
Volatility36.7%46.8%
Downside Capture0.370.52
Upside Capture171.7814.13
Correlation (SPY)33.2%17.1%
CCRN Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.710.871.051.250.410.48
Up Beta0.76-0.22-0.141.450.190.24
Down Beta2.101.661.702.340.660.48
Up Capture137%129%175%18%10%13%
Bmk +ve Days7162765139424
Stock +ve Days9173158112351
Down Capture-51%44%42%107%81%94%
Bmk -ve Days12233358110323
Stock -ve Days13253267134384

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CCRN
CCRN-36.7%46.6%-0.84-
Sector ETF (XLV)3.8%17.6%0.066.7%
Equity (SPY)16.1%19.0%0.6716.6%
Gold (GLD)50.5%28.0%1.461.1%
Commodities (DBC)16.2%17.7%0.7712.8%
Real Estate (VNQ)3.6%16.5%0.0414.2%
Bitcoin (BTCUSD)-21.5%44.0%-0.429.2%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CCRN
CCRN-5.9%59.1%0.12-
Sector ETF (XLV)6.3%14.5%0.2517.0%
Equity (SPY)11.6%17.0%0.5322.4%
Gold (GLD)21.7%17.8%1.00-0.9%
Commodities (DBC)11.6%18.8%0.511.5%
Real Estate (VNQ)3.3%18.8%0.0818.2%
Bitcoin (BTCUSD)3.9%56.5%0.2910.7%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CCRN
CCRN-1.5%56.3%0.20-
Sector ETF (XLV)9.9%16.5%0.4925.8%
Equity (SPY)14.0%17.9%0.6730.2%
Gold (GLD)14.0%15.9%0.73-1.2%
Commodities (DBC)8.4%17.6%0.406.7%
Real Estate (VNQ)5.2%20.7%0.2224.5%
Bitcoin (BTCUSD)66.2%66.8%1.068.5%

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Short Interest

Short Interest: As Of Date3132026
Short Interest: Shares Quantity1.3 Mil
Short Interest: % Change Since 22820262.6%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest1.8 days
Basic Shares Quantity32.3 Mil
Short % of Basic Shares4.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/4/20268.3%7.1%0.5%
11/12/2025-14.1%-8.8%-34.8%
8/6/2025-4.4%0.1%7.6%
3/5/2025-6.3%-5.8%-12.0%
11/6/20241.0%-16.9%48.8%
7/31/2024-3.8%-13.7%-17.2%
5/1/2024-6.5%-8.0%-15.5%
2/21/2024-0.2%9.9%10.4%
...
SUMMARY STATS   
# Positive10911
# Negative121311
Median Positive6.6%11.3%15.0%
Median Negative-7.5%-12.2%-10.4%
Max Positive24.7%17.1%48.8%
Max Negative-17.0%-19.4%-34.8%

SEC Filings

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Report DateFiling DateFiling
12/31/202503/09/202610-K
09/30/202511/12/202510-Q
06/30/202508/06/202510-Q
03/31/202505/07/202510-Q
12/31/202403/05/202510-K
09/30/202411/07/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/23/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cash, W Larry DirectBuy120920258.175,00040,8291,670,995Form
2McDonald, Colin PatrickChief Human Resources OfficerDirectSell31220269.706,20060,146272,210Form