Tearsheet

Healthcare Services (HCSG)

Market Price (2/20/2026): $20.21 | Market Cap: $1.4 Bil
Sector: Industrials | Industry: Environmental & Facilities Services

Healthcare Services (HCSG)

Market Price (2/20/2026): $20.21
Market Cap: $1.4 Bil
Sector: Industrials
Industry: Environmental & Facilities Services

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 -11%	Weak multi-year price returns 3Y Excs Rtn is -9.1%	Key risks HCSG key risks include [1] substantial legal liability and reputational damage stemming from a recent data breach that compromised the personal and medical details of over 624,000 individuals.
1	Attractive yield FCF Yield is 9.8%
2	Low stock price volatility Vol 12M is 50%
3	Megatrend and thematic drivers Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care.

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 -11%
1	Attractive yield FCF Yield is 9.8%
2	Low stock price volatility Vol 12M is 50%
3	Megatrend and thematic drivers Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care.
4	Weak multi-year price returns 3Y Excs Rtn is -9.1%
5	Key risks HCSG key risks include [1] substantial legal liability and reputational damage stemming from a recent data breach that compromised the personal and medical details of over 624,000 individuals.

Valuation, Metrics & Events

	2/20/26	2025	2024	2023	2022
Share Price CYE	$20.21	$19.12	$11.62	$10.37	$12.00
Market Cap CYE ($ Bil)	1.4	1.3	0.9	0.8	0.9
Total Debt ($ Bil)	0.0	0.0	0.0	0.0	0.0
Total Cash ($ Bil)	0.2	0.2	0.1	0.1	0.1
Enterprise Value ($ Bil)	1.3	1.3	0.9	0.8	0.9
Valuation Ratios
P/S TTM	0.8	0.7	0.5	0.5	0.5
P/EBIT TTM	20.5	19.4	14.4	12.6	18.8
P/E TTM	24.1	22.8	21.6	19.9	26.1
P/FCF TTM	10.2	9.7	34.9	20.1	-66.7
Sector Ratios
P/S TTM (Sector)	1.8	1.7	1.5	1.4	1.2
P/EBIT TTM (Sector)	13.9	12.5	12.1	11.7	9.6
P/E TTM (Sector)	19.2	17.1	17.1	16.0	13.3
P/FCF TTM (Sector)	14.1	12.9	14.4	12.3	11.6

	2/20/26	2025	2024
Share Price CYE	$20.21	$19.12	$11.62
Market Cap CYE ($ Bil)	1.4	1.3	0.9
Total Debt ($ Bil)	0.0	0.0	0.0
Total Cash ($ Bil)	0.2	0.2	0.1
Enterprise Value ($ Bil)	1.3	1.3	0.9
Valuation Ratios
P/S TTM	0.8	0.7	0.5
P/EBIT TTM	20.5	19.4	14.4
P/E TTM	24.1	22.8	21.6
P/FCF TTM	10.2	9.7	34.9
Sector Ratios
P/S TTM (Sector)	1.8	1.7	1.5
P/EBIT TTM (Sector)	13.9	12.5	12.1
P/E TTM (Sector)	19.2	17.1	17.1
P/FCF TTM (Sector)	14.1	12.9	14.4

	HCSG	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	1.8
Rev Chg Q	6.6%	7.5%
Rev Chg LTM	7.1%	6.5%
Rev Chg 3Y Avg	2.9%	5.6%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.1
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	3.0%	18.8%
CFO/Rev LTM	7.9%	20.7%
Net Inc Mgn	3.2%	12.8%
VALUATION	LOW
P/S	0.8	3.4
P/CFO	9.8	16.3
P/FCF	10.2	21.6
P/E	24.1	25.0
STABILITY	VERY GOOD
Debt/Equity	0.01	0.20
Cash/Assets	0.21	0.07

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Metric	Value	Date	Source
Number of Facilities Served	approximately 2,700	12312023	Link
Number of Housekeeping Client Facilities	approximately 2,300	12312023	Link
Number of Dietary Client Facilities	approximately 1,700	12312023	Link
Client Retention Rate	90% and strengthening	10222025	Link
Number of Employees	approximately 33,400	12312023	Link

Recent
2/11/2026	Earnings Release	Rev: $466 Mil (A) vs. $469 Mil (E) EPS: 0.44 (A) vs. $0.23 (E)
Upcoming
4/22/2026	Earnings Release	Rev: $464 Mil (E) EPS: $0.23 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Healthcare Services (HCSG) stock has gained about 15% since 10/31/2025 because of the following key factors:

1. Exceptional Q4 2025 Earnings Outperformance. Healthcare Services Group reported fourth-quarter 2025 earnings per share (EPS) of $0.44, significantly exceeding analyst forecasts of $0.22 by 100%. This strong beat drove a positive market reaction, with the stock climbing 6.6% in pre-market trading following the announcement.

2. Robust Revenue Growth and Enhanced Profitability. The company achieved Q4 2025 revenue of $466.7 million, representing a 6.6% increase year-over-year, and full-year 2025 revenue reached $1.84 billion, up 7.1%. This growth was coupled with a 23.0% year-over-year increase in gross profit to $72.1 million in Q4 2025, indicating improved operational efficiency.

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Stock Movement Drivers

Fundamental Drivers

The 13.2% change in HCSG stock from 10/31/2025 to 2/19/2026 was primarily driven by a 46.3% change in the company's Net Income Margin (%).

(LTM values as of)	10312025	2192026	Change
Stock Price ($)	17.87	20.22	13.2%
Change Contribution By:
Total Revenues ($ Mil)	1,808	1,837	1.6%
Net Income Margin (%)	2.2%	3.2%	46.3%
P/E Multiple	32.5	24.1	-25.7%
Shares Outstanding (Mil)	72	70	2.5%
Cumulative Contribution			13.2%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 2/19/2026

	Return	Correlation
HCSG	13.2%
Market (SPY)	0.4%	24.4%
Sector (XLI)	13.7%	15.9%

Fundamental Drivers

The 55.4% change in HCSG stock from 7/31/2025 to 2/19/2026 was primarily driven by a 426.9% change in the company's Net Income Margin (%).

(LTM values as of)	7312025	2192026	Change
Stock Price ($)	13.01	20.22	55.4%
Change Contribution By:
Total Revenues ($ Mil)	1,772	1,837	3.7%
Net Income Margin (%)	0.6%	3.2%	426.9%
P/E Multiple	88.0	24.1	-72.6%
Shares Outstanding (Mil)	73	70	3.8%
Cumulative Contribution			55.4%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 2/19/2026

	Return	Correlation
HCSG	55.4%
Market (SPY)	8.6%	27.4%
Sector (XLI)	16.5%	17.1%

Fundamental Drivers

The 82.3% change in HCSG stock from 1/31/2025 to 2/19/2026 was primarily driven by a 50.7% change in the company's P/E Multiple.

(LTM values as of)	1312025	2192026	Change
Stock Price ($)	11.09	20.22	82.3%
Change Contribution By:
Total Revenues ($ Mil)	1,702	1,837	8.0%
Net Income Margin (%)	3.0%	3.2%	7.1%
P/E Multiple	16.0	24.1	50.7%
Shares Outstanding (Mil)	74	70	4.6%
Cumulative Contribution			82.3%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2025 to 2/19/2026

	Return	Correlation
HCSG	82.3%
Market (SPY)	14.7%	28.1%
Sector (XLI)	28.8%	25.2%

Fundamental Drivers

The 50.1% change in HCSG stock from 1/31/2023 to 2/19/2026 was primarily driven by a 133.1% change in the company's Net Income Margin (%).

(LTM values as of)	1312023	2192026	Change
Stock Price ($)	13.47	20.22	50.1%
Change Contribution By:
Total Revenues ($ Mil)	1,687	1,837	8.9%
Net Income Margin (%)	1.4%	3.2%	133.1%
P/E Multiple	43.1	24.1	-44.0%
Shares Outstanding (Mil)	74	70	5.5%
Cumulative Contribution			50.1%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2023 to 2/19/2026

	Return	Correlation
HCSG	50.1%
Market (SPY)	74.7%	31.1%
Sector (XLI)	80.7%	32.1%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
HCSG Return	-35%	-29%	-14%	12%	65%	6%	-21%
Peers Return	8%	5%	7%	17%	0%	12%	59%
S&P 500 Return	27%	-19%	24%	23%	16%	1%	83%
Monthly Win Rates [3]
HCSG Win Rate	50%	50%	50%	42%	58%	50%
Peers Win Rate	54%	52%	56%	65%	48%	88%
S&P 500 Win Rate	75%	42%	67%	75%	67%	50%
Max Drawdowns [4]
HCSG Max Drawdown	-39%	-29%	-25%	-13%	-19%	-9%
Peers Max Drawdown	-10%	-18%	-14%	-8%	-12%	-1%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-1%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: ARMK, ABM, CTAS, UNF.
[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 2/19/2026 (YTD)

How Low Can It Go

Unique Key	Event	HCSG	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-73.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	278.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-42.6%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	74.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	298 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-62.0%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	163.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	Not Fully Recovered days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-48.2%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	93.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	809 days	1,480 days

Compare to ARMK, ABM, CTAS, UNF

In The Past

Healthcare Services's stock fell -73.6% during the 2022 Inflation Shock from a high on 1/27/2021. A -73.6% loss requires a 278.4% gain to breakeven.

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About Healthcare Services (HCSG)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. The Housekeeping segment engages in the cleaning, disinfecting, and sanitizing of resident rooms and common areas of the client's facility, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at a client's facility. The Dietary segment provides food purchasing, meal preparation, and professional dietitian services, which include the development of menus that meet the dietary needs of residents. This segment also offers on-site management and clinical consulting services to facilities. As of December 31, 2021, the company provided its services to approximately 3,000 facilities. Healthcare Services Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.

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HCSG is like Aramark or Sodexo for hospitals and nursing homes.

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Housekeeping & Laundry Services: Provides comprehensive environmental services, including cleaning, sanitation, and laundry management for healthcare facilities.
Dietary & Nutritional Services: Manages and delivers tailored food service programs and nutritional support for patients and residents within healthcare settings.

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Healthcare Services Group (HCSG) primarily sells its services to other companies within the healthcare industry. These customers are healthcare facilities that contract with HCSG for housekeeping, laundry, linen, and dietary services.

According to their public filings, Healthcare Services Group does not have a concentration of revenues from a single customer or a small group of customers. They provide services to approximately 4,000 customers, meaning no individual customer accounts for a significant portion of their revenue, and therefore, no specific major customer companies can be listed by name.

Instead, HCSG serves various categories of healthcare facilities. Its customer base primarily includes:

Nursing homes and skilled nursing facilities
Retirement communities and assisted living facilities
Rehabilitation centers
Hospitals

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Theodore Wahl, President, Chief Executive Officer
Theodore Wahl joined Healthcare Services Group (HCSG) in 2004 and progressed through various leadership roles, including VP of Finance, Executive VP & COO, and President & COO, before being appointed President and Chief Executive Officer in May 2015. Prior to his tenure at HCSG, he worked as a Senior Manager at EY's Transaction Advisory Group.

Vikas Singh, Executive Vice President & Chief Financial Officer
Vikas Singh was appointed as Executive Vice President & Chief Financial Officer of HCSG, effective September 3, 2024. He has over two decades of experience in finance, strategy, and operations. Before joining HCSG, he served as Managing Director of Leveraged Finance & Capital Markets at Bank of America Securities for 14 years. His experience also includes working as an Associate in the Financial Sponsors Group, Investment Banking at Credit Suisse for two years, and holding roles in sales management and brand management within GSK's Consumer Healthcare Division.

Andrew M. Brophy, Senior Vice President, Controller & Chief Accounting Officer
Andrew M. Brophy was promoted to Senior Vice President, Controller & Chief Accounting Officer in September 2024. He joined HCSG in 2018 and has held roles of increasing responsibility within the accounting and finance department. He began his career in the Assurance Services practice at PwC.

Jason J. Bundick, Esq., Executive Vice President, Chief Compliance Officer, General Counsel and Secretary
Jason J. Bundick serves as Executive Vice President, Chief Compliance Officer, General Counsel, and Secretary for Healthcare Services Group.

Andrew W. Kush, Executive Vice President & Chief Operating Officer
Andrew W. Kush holds the position of Executive Vice President & Chief Operating Officer at Healthcare Services Group.

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The key risks to Healthcare Services Group (HCSG) include:

Cybersecurity Incidents and Data Breaches
Healthcare Services Group has recently experienced a significant data breach, confirmed in August 2025, which compromised the personal and medical details of approximately 624,500 individuals. The breach, which occurred between September 27 and October 3, 2024, exposed sensitive information such as full names, Social Security numbers, driver's license details, financial information, health insurance data, and medical record identifiers. This incident has led to multiple class-action lawsuits investigating HCSG's data security practices and could result in substantial legal liability, fines, and reputational damage.
Regulatory Changes and Dependence on Healthcare Industry Reimbursement Policies
HCSG's business operations are highly dependent on the dynamics of the healthcare industry, particularly changes in government reimbursement policies such as Medicare and Medicaid. These policies directly affect the financial health of HCSG's clients, primarily nursing homes and long-term care facilities, which in turn can impact HCSG's revenue streams and collection risks. Frequent changes in healthcare regulations can lead to fines, legal actions, and operational challenges if the company fails to adhere to them.
Managing Labor Costs and Intense Competition
The contract services industry, especially within the healthcare sector, is intensely competitive. A significant portion of HCSG's operating performance is influenced by its ability to manage labor costs, with housekeeping labor costs, for example, representing a substantial percentage of housekeeping revenues. Changes in employee compensation, driven by legislative actions (like minimum wage increases), market factors, or workforce availability, can adversely affect profitability. HCSG must continuously innovate and offer value-added services to maintain its market position against competitors.

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The emergence and increasing sophistication of autonomous cleaning robots, disinfection robots, and other AI-driven automation technologies in environmental services (housekeeping, laundry, and disinfection) poses a clear emerging threat. These technologies have the potential to significantly reduce the labor traditionally required for tasks performed by Healthcare Services Group's staff in healthcare facilities. As capabilities improve and adoption expands, facilities may reduce their reliance on large human workforces for these services, thereby diminishing the value proposition and demand for HCSG's core labor-centric offerings.

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Healthcare Services Group (HCSG) operates primarily in the United States, providing housekeeping, laundry, and dining and nutritional services to healthcare facilities such as long-term care communities, nursing homes, retirement complexes, rehabilitation centers, and hospitals.

Addressable Markets for HCSG's Main Products or Services (U.S. Region):

1. Environmental Services (Housekeeping, Laundry, Linen):

The addressable market for healthcare environmental services in the U.S. was valued at approximately USD 6.75 billion in 2024. This market is projected to grow to about USD 9.52 billion by 2029, exhibiting a Compound Annual Growth Rate (CAGR) of 7.1% during this forecast period.

2. Dining and Nutritional Services:

The addressable market for U.S. healthcare/hospital food services was valued at approximately USD 22.05 billion in 2024. This market is projected to reach around USD 63.50 billion by 2034, growing at a CAGR of 11.2% from 2025 to 2034.

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Healthcare Services Group (HCSG) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

Organic Growth through New Client Wins and High Retention: HCSG consistently emphasizes new client acquisitions and maintaining high client retention rates as primary drivers of top-line growth. Management has highlighted positive momentum in new business additions and strong client retention across its Environmental and Dietary segments. The company's strategic priorities for 2025 include converting sales pipeline opportunities and retaining existing facility business. This focus has contributed to sequential and year-over-year revenue increases.
Demographic Tailwinds and Increasing Demand for Healthcare Services: The aging U.S. population is a significant demographic trend that is expected to increase the demand for long-term and post-acute care services, which are HCSG's core market. This expanding addressable market, coupled with rising healthcare expenditures and a greater emphasis on facility stewardship and compliance, creates more opportunities for HCSG to secure new contracts and sustain revenue growth.
Expansion into New Markets and Selective Acquisitions: While primarily focused on organic growth within the United States, HCSG is also exploring selective inorganic opportunities, particularly acquisitions in the education ("campus") sector. This diversification could help temper risks associated with client concentration in the senior care industry and open new revenue streams, although the impact on near-term growth is noted as being in early stages.
Operational Excellence and Service Diversification: HCSG's commitment to operational efficiency and service diversification underpins its ability to grow revenue. The company provides a broad range of housekeeping, laundry, and dietary services tailored to the diverse needs of healthcare communities, which enhances operational efficiency and improves resident experiences. By continuously refining its service delivery and managing costs, HCSG can offer competitive solutions that attract and retain clients.

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Capital Allocation Decisions (Last 3-5 Years) for Healthcare Services Group (HCSG)

Share Repurchases

In February 2023, the Board of Directors authorized the repurchase of up to 7.5 million outstanding shares of common stock.
As of September 30, 2025, Healthcare Services Group has repurchased 4,481,497 shares for $57.89 million under the February 2023 authorization. There are 3.1 million shares remaining under this authorization.
In July 2025, the company announced plans to accelerate its share buyback program, intending to repurchase an additional $50.0 million of common stock over the next 12 months under the February 2023 authorization.

Share Issuance

No significant dollar amount of shares issued has been explicitly reported within the last 3-5 years. The number of shares outstanding has seen a slight net decrease over the period, consistent with share repurchases.

Inbound Investments

No information is available regarding large investments made in Healthcare Services Group by third-party strategic partners or private equity firms during the specified period.

Outbound Investments

HCSG completed a small "tuck-in acquisition" in March 2025, which was its first acquisition since late 2021 and is expected to contribute approximately 1% to total revenue in 2025.
The company's stated primary target for future acquisitions is the "education or campus initiative."

Capital Expenditures

For the six months ended June 30, 2025, capital expenditures totaled $3.102 million.
These expenditures were primarily focused on Housekeeping ($2.593 million), Dietary ($0.471 million), and Corporate ($0.038 million) segments.
For the six months ended June 30, 2024, capital expenditures totaled $3.510 million.

Interactive Breakdown

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Better Bets vs. Healthcare Services (HCSG)

INDUSTRY: Environmental & Facilities Services

Higher Rev Chg 3Y Avg | Lower P/S (Values for HCSG: 2.9% | 0.8x)

ABM (3.9% | 0.3x)

ABM Industries

LNZA (13.3% | 0.5x)

LanzaTech Global

GWAV (7.1% | 0.1x)

Greenwave Technology Solutions

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for HCSG: 2.9% | 25.5x)

WM (8.6% | 20.4x)

Waste Management

RSG (8.5% | 20.8x)

Republic Services

WCN (9.5% | 23.3x)

Waste Connections

CLH (6.0% | 23.1x)

Clean Harbors

ABM (3.9% | 8.6x)

ABM Industries

Higher Rev Chg LTM (Value for HCSG: 7.1%)

CECO (29.9%)

CECO Environmental

GFL (27.5%)

GFL Environmental

CWST (20.5%)

Casella Waste Systems

WM (14.2%)

Waste Management

ROL (11.0%)

Rollins

Higher Rev Chg 3Y Avg (Value for HCSG: 2.9%)

ROL (11.8%)

Rollins

GFL (10.3%)

GFL Environmental

WCN (9.5%)

Waste Connections

WM (8.6%)

Waste Management

RSG (8.5%)

Republic Services

Higher Op Mgn LTM (Value for HCSG: 3.0%)

VLTO (23.3%)

Veralto

RSG (20.2%)

Republic Services

ROL (19.3%)

Rollins

WCN (19.2%)

Waste Connections

WM (18.3%)

Waste Management

Higher CFO/Rev LTM (Value for HCSG: 7.9%)

RSG (26.3%)

Republic Services

WCN (25.5%)

Waste Connections

WM (24.0%)

Waste Management

VLTO (19.3%)

Veralto

ROL (18.0%)

Rollins

Higher FCF/Rev LTM (Value for HCSG: 7.6%)

VLTO (18.1%)

Veralto

ROL (17.3%)

Rollins

RSG (15.3%)

Republic Services

WCN (12.9%)

Waste Connections

WM (11.2%)

Waste Management

Higher Total Yield (Value for HCSG: 4.1%)

GFL (22.9%)

GFL Environmental

GEO (11.2%)

GEO

ABM (8.1%)

ABM Industries

VLTO (4.4%)

Veralto

WM (4.3%)

Waste Management

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for HCSG: 2.9% | 0.8x)

DAL (7.9% | 0.7x)

Delta Air Lines

UAL (9.7% | 0.6x)

United Airlines

WCC (3.2% | 0.6x)

WESCO International

AAL (6.5% | 0.2x)

American Airlines

FLR (4.7% | 0.5x)

Fluor

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for HCSG: 2.9% | 25.5x)

LMT (4.4% | 19.9x)

Lockheed Martin

HON (5.2% | 19.9x)

Honeywell International

NOC (4.7% | 24.6x)

Northrop Grumman

GD (10.1% | 17.9x)

General Dynamics

WM (8.6% | 20.4x)

Waste Management

Higher Rev Chg LTM (Value for HCSG: 7.1%)

BA (34.5%)

Boeing

GE (18.5%)

GE Aerospace

RTX (9.7%)

RTX

GEV (9.0%)

GE Vernova

HON (7.5%)

Honeywell International

Higher Rev Chg 3Y Avg (Value for HCSG: 2.9%)

GE (18.3%)

GE Aerospace

BA (12.3%)

Boeing

RTX (9.9%)

RTX

CAT (4.6%)

Caterpillar

LMT (4.4%)

Lockheed Martin

Higher Op Mgn LTM (Value for HCSG: 3.0%)

GE (18.9%)

GE Aerospace

DE (18.8%)

Deere

CAT (16.5%)

Caterpillar

RTX (10.5%)

RTX

GEV (3.7%)

GE Vernova

Higher CFO/Rev LTM (Value for HCSG: 7.9%)

GE (18.6%)

GE Aerospace

CAT (17.4%)

Caterpillar

DE (16.7%)

Deere

GEV (13.1%)

GE Vernova

RTX (11.9%)

RTX

Higher FCF/Rev LTM (Value for HCSG: 7.6%)

UNP (22.4%)

Union Pacific

GE (15.8%)

GE Aerospace

CAT (11.0%)

Caterpillar

GEV (9.7%)

GE Vernova

RTX (8.4%)

RTX

Higher Total Yield (Value for HCSG: 4.1%)

UNP (6.7%)

Union Pacific

UBER (6.6%)

Uber Technologies

HON (5.9%)

Honeywell International

LMT (4.8%)

Lockheed Martin

NOC (4.6%)

Northrop Grumman

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for HCSG: 2.9% | 0.8x)

UNH (11.4% | 0.6x)

UnitedHealth

MCK (13.3% | 0.3x)

McKesson

CVS (7.7% | 0.2x)

CVS Health

ELV (8.4% | 0.4x)

Elevance Health

CI (14.4% | 0.3x)

Cigna

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for HCSG: 2.9% | 25.5x)

MSFT (14.4% | 20.8x)

Microsoft

META (19.9% | 19.5x)

Meta Platforms

V (11.1% | 22.0x)

Visa

MA (13.8% | 23.9x)

Mastercard

ORCL (9.8% | 23.0x)

Oracle

Higher Rev Chg LTM (Value for HCSG: 7.1%)

NVDA (65.2%)

NVIDIA

MSFT (16.7%)

Microsoft

GOOGL (15.1%)

Alphabet

AMZN (12.4%)

Amazon.com

AAPL (10.1%)

Apple

Higher Rev Chg 3Y Avg (Value for HCSG: 2.9%)

NVDA (91.6%)

NVIDIA

MSFT (14.4%)

Microsoft

GOOGL (12.5%)

Alphabet

AMZN (11.7%)

Amazon.com

AAPL (4.1%)

Apple

Higher Op Mgn LTM (Value for HCSG: 3.0%)

NVDA (58.8%)

NVIDIA

MSFT (46.7%)

Microsoft

AAPL (32.4%)

Apple

GOOGL (32.0%)

Alphabet

AMZN (11.2%)

Amazon.com

Higher CFO/Rev LTM (Value for HCSG: 7.9%)

MSFT (52.5%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (40.9%)

Alphabet

AAPL (31.1%)

Apple

AMZN (19.5%)

Amazon.com

Higher FCF/Rev LTM (Value for HCSG: 7.6%)

NVDA (41.3%)

NVIDIA

AAPL (28.3%)

Apple

MSFT (25.3%)

Microsoft

META (22.9%)

Meta Platforms

GOOGL (18.2%)

Alphabet

Higher Total Yield (Value for HCSG: 4.1%)

XOM (7.3%)

Exxon Mobil

JPM (6.8%)

JPMorgan Chase

JNJ (6.6%)

Johnson & Johnson

BRK-B (6.3%)

Berkshire Hathaway

MSFT (4.9%)

Microsoft

Best Bets in Industrials

What You Pay

P/EBIT (Value for HCSG: 20.5x)

GATX (10.4x)

GATX

VRSK (19.0x)

Verisk Analytics

PAYX (14.3x)

Paychex

AGX (49.9x)

Argan

TDG (18.2x)

TransDigm

PCTY (17.3x)

Paylocity

WOR (19.3x)

Worthington Enterprises

SNA (14.3x)

Snap-on

FTV (15.5x)

Fortive

ADP (14.7x)

Automatic Data Processing

P/E (Value for HCSG: 24.1x)

GATX (21.7x)

GATX

VRSK (27.8x)

Verisk Analytics

PAYX (20.8x)

Paychex

AGX (49.8x)

Argan

TDG (38.2x)

TransDigm

PCTY (24.6x)

Paylocity

WOR (26.2x)

Worthington Enterprises

SNA (19.5x)

Snap-on

FTV (31.8x)

Fortive

ADP (20.6x)

Automatic Data Processing

What You Get

Rev Chg 3Y Avg (Value for HCSG: 2.9%)

GATX (10.3%)

GATX

VRSK (13.4%)

Verisk Analytics

PAYX (7.9%)

Paychex

AGX (26.9%)

Argan

TDG (17.5%)

TransDigm

PCTY (19.0%)

Paylocity

WOR (-6.3%)

Worthington Enterprises

SNA (2.1%)

Snap-on

FTV (9.4%)

Fortive

ADP (7.1%)

Automatic Data Processing

Rev Chg LTM (Value for HCSG: 7.1%)

GATX (10.7%)

GATX

VRSK (7.3%)

Verisk Analytics

PAYX (12.4%)

Paychex

AGX (13.5%)

Argan

TDG (11.7%)

TransDigm

PCTY (12.1%)

Paylocity

WOR (7.4%)

Worthington Enterprises

SNA (0.9%)

Snap-on

FTV (27.9%)

Fortive

ADP (6.6%)

Automatic Data Processing

Rev Chg Q (Value for HCSG: 6.6%)

GATX (8.4%)

GATX

VRSK (5.9%)

Verisk Analytics

PAYX (18.3%)

Paychex

AGX (-2.3%)

Argan

TDG (13.9%)

TransDigm

PCTY (10.4%)

Paylocity

WOR (19.5%)

Worthington Enterprises

SNA (3.1%)

Snap-on

FTV (2.3%)

Fortive

ADP (6.2%)

Automatic Data Processing

FCF/Rev 3Y Avg (Value for HCSG: 3.8%)

GATX (39.2%)

GATX

VRSK (33.2%)

Verisk Analytics

PAYX (32.6%)

Paychex

AGX (24.5%)

Argan

TDG (22.1%)

TransDigm

PCTY (21.7%)

Paylocity

WOR (20.9%)

Worthington Enterprises

SNA (20.8%)

Snap-on

FTV (20.1%)

Fortive

ADP (19.7%)

Automatic Data Processing

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	HCSG Stock (+16%): EPS Beat & Buyback Fuels Breakout	02/12/2026
2	Healthcare Services Earnings Notes	12/16/2025
3	Can Healthcare Services Stock Hold Up When Markets Turn?	10/17/2025
4	Healthcare Services (HCSG) Operating Income Comparison	08/08/2025
5	Healthcare Services (HCSG) Operating Cash Flow Comparison	08/08/2025
6	Healthcare Services (HCSG) Debt Comparison	08/08/2025
7	Healthcare Services (HCSG) Net Income Comparison	08/08/2025
8	Healthcare Services (HCSG) Revenue Comparison	08/08/2025
9	Healthcare Services (HCSG) EBITDA Comparison	08/08/2025
10	Healthcare Services (HCSG) Tax Expense Comparison	08/08/2025
11	ARTICLES
12	HCSG Stock (+16%): EPS Beat & Buyback Fuels Breakout	02/12/2026
13	HCSG Stock Down -16% after 8-Day Loss Streak	07/16/2025

	Title
0	DASHBOARDS
1	HCSG Stock (+16%): EPS Beat & Buyback Fuels Breakout
2	Healthcare Services Earnings Notes
3	Can Healthcare Services Stock Hold Up When Markets Turn?
4	Healthcare Services (HCSG) Operating Income Comparison
5	Healthcare Services (HCSG) Operating Cash Flow Comparison
6	Healthcare Services (HCSG) Debt Comparison
7	Healthcare Services (HCSG) Net Income Comparison
8	Healthcare Services (HCSG) Revenue Comparison
9	Healthcare Services (HCSG) EBITDA Comparison
10	Healthcare Services (HCSG) Tax Expense Comparison
11	ARTICLES
12	HCSG Stock (+16%): EPS Beat & Buyback Fuels Breakout
13	HCSG Stock Down -16% after 8-Day Loss Streak

Trade Ideas

Select ideas related to HCSG.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
FBIN_1302026_Dip_Buyer_FCFYield	01302026	FBIN	Fortune Brands Innovations	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.1%	-5.1%	-5.1%
PAYC_1302026_Dip_Buyer_FCFYield	01302026	PAYC	Paycom Software	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-7.0%	-7.0%	-11.9%
HTZ_1302026_Short_Squeeze	01302026	HTZ	Hertz Global	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	2.9%	2.9%	0.0%
PAYX_1232026_Dip_Buyer_ValueBuy	01232026	PAYX	Paychex	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-11.5%	-11.5%	-13.3%
CPRT_1022026_Dip_Buyer_ValueBuy	01022026	CPRT	Copart	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-0.7%	-0.7%	-2.8%

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ALIT	Alight	0.4	-43.0%	-58.5%
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BTDR	Bitdeer Technologies	1.7	-45.5%	-29.2%
NSP	Insperity	1.0	-44.5%	-34.9%
NRGV	Energy Vault	0.5	-44.3%	-31.0%

Peer Comparisons

Peers to compare with:

Financials

	HCSG	ARMK	ABM	CTAS	UNF	Median
Name	Healthca.	Aramark	ABM Indu.	Cintas	UniFirst
Mkt Price	20.22	40.53	45.59	197.97	235.61	45.59
Mkt Cap	1.4	10.7	2.8	79.5	4.3	4.3
Rev LTM	1,837	18,786	8,746	10,795	2,449	8,746
Op Inc LTM	56	792	325	2,481	174	325
FCF LTM	139	234	155	1,784	94	155
FCF 3Y Avg	67	220	171	1,645	103	171
CFO LTM	145	726	234	2,207	254	254
CFO 3Y Avg	73	664	235	2,049	265	265

Growth & Margins

	HCSG	ARMK	ABM	CTAS	UNF	Median
Name	Healthca.	Aramark	ABM Indu.	Cintas	UniFirst
Rev Chg LTM	7.1%	7.1%	4.6%	8.6%	0.4%	7.1%
Rev Chg 3Y Avg	2.9%	11.4%	3.9%	8.8%	6.1%	6.1%
Rev Chg Q	6.6%	6.1%	5.4%	9.3%	2.7%	6.1%
QoQ Delta Rev Chg LTM	1.6%	1.5%	1.4%	2.3%	0.7%	1.5%
Op Mgn LTM	3.0%	4.2%	3.7%	23.0%	7.1%	4.2%
Op Mgn 3Y Avg	3.0%	4.1%	3.8%	22.1%	7.0%	4.1%
QoQ Delta Op Mgn LTM	0.6%	-0.1%	0.7%	0.1%	-0.5%	0.1%
CFO/Rev LTM	7.9%	3.9%	2.7%	20.4%	10.4%	7.9%
CFO/Rev 3Y Avg	4.1%	3.7%	2.8%	20.5%	11.1%	4.1%
FCF/Rev LTM	7.6%	1.2%	1.8%	16.5%	3.8%	3.8%
FCF/Rev 3Y Avg	3.8%	1.2%	2.0%	16.4%	4.3%	3.8%

Valuation

	HCSG	ARMK	ABM	CTAS	UNF	Median
Name	Healthca.	Aramark	ABM Indu.	Cintas	UniFirst
Mkt Cap	1.4	10.7	2.8	79.5	4.3	4.3
P/S	0.8	0.6	0.3	7.4	1.7	0.8
P/EBIT	20.5	13.4	8.8	32.0	24.5	20.5
P/E	24.1	33.6	17.2	41.9	30.6	30.6
P/CFO	9.8	14.7	11.9	36.0	16.9	14.7
Total Yield	4.1%	4.0%	8.1%	3.2%	3.8%	4.0%
Dividend Yield	0.0%	1.1%	2.3%	0.8%	0.6%	0.8%
FCF Yield 3Y Avg	6.1%	2.3%	5.9%	2.3%	3.1%	3.1%
D/E	0.0	0.6	0.6	0.0	0.0	0.0
Net D/E	-0.1	0.6	0.6	0.0	-0.0	0.0

Returns

	HCSG	ARMK	ABM	CTAS	UNF	Median
Name	Healthca.	Aramark	ABM Indu.	Cintas	UniFirst
1M Rtn	7.4%	5.2%	0.3%	2.4%	14.6%	5.2%
3M Rtn	16.7%	10.3%	10.2%	8.3%	47.7%	10.3%
6M Rtn	32.9%	3.5%	-3.6%	-8.0%	35.4%	3.5%
12M Rtn	89.5%	11.5%	-10.9%	-4.1%	10.4%	10.4%
3Y Rtn	41.1%	51.9%	-0.5%	83.0%	19.8%	41.1%
1M Excs Rtn	6.4%	4.3%	-0.6%	1.5%	13.6%	4.3%
3M Excs Rtn	16.0%	10.3%	11.0%	5.1%	46.5%	11.0%
6M Excs Rtn	24.4%	-3.7%	-11.6%	-15.1%	28.2%	-3.7%
12M Excs Rtn	78.8%	-1.7%	-23.0%	-13.9%	0.6%	-1.7%
3Y Excs Rtn	-9.1%	-16.7%	-65.9%	16.1%	-46.5%	-16.7%

FDIC Bank Data

Bank Capital

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Bank Deposits

null

Bank Assets

null

Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/13/2026	2/13/2026	2/14/2025	2/16/2024	2/17/2023	2/18/2022	2/25/2021
Key Financials
Total Revenue	1,837	1,837	1,716	1,671	1,690	1,642	1,760
EBITDA	86	86	74	75	63	82	145
Operating Income	56	56	53	48	44	64	126
Net Income	59	59	39	38	34	49	99
EPS	0.82	0.82	0.54	0.52	0.46	0.65	1.32
Growth Rates
Total Revenue Growth	7.1%	7.1%	2.7%	-1.1%	2.9%	-6.7%	-4.4%
EBITDA Growth	16.6%	16.6%	-1.7%	19.7%	-22.9%	-43.7%	41.3%
Operating Income Growth	4.7%	4.7%	11.0%	9.6%	-31.7%	-49.3%	62.3%
Net Income Growth	49.6%	49.6%	2.8%	12.1%	-29.5%	-50.8%	52.8%
Margins
EBITDA Margin	4.7%	4.7%	4.3%	4.5%	3.7%	5.0%	8.2%
Operating Income Margin	3.0%	3.0%	3.1%	2.9%	2.6%	3.9%	7.2%
Net Income Margin	3.2%	3.2%	2.3%	2.3%	2.0%	3.0%	5.6%
Cash & Debt
Total Cash	168	168	107	147	121	185	264
Total Debt	10	10	8	36	33	11	11
Net Debt / (Cash)	-158	-158	-99	-111	-88	-174	-253
Cash Flows
Net Cash from Operations	145	145	31	43	-8	37	217
Free Cash from Operations	139	139	24	38	-13	31	213
Returns to Shareholders
Dividends	0	-0	-0	-0	63	62	61
Share Repurchases	62	62	5	11	-0	22	-0

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/13/2026	10/24/2025	7/25/2025	4/25/2025	2/14/2025	10/25/2024	7/26/2024	4/26/2024	2/16/2024	10/27/2023	7/28/2023	4/28/2023
Key Financials Quarterly
Total Revenue	467	464	458	448	438	428	426	423	424	411	419	417
Ebitda	33	62	-36	28	20	24	3	27	38	-1	16	22
Operating Income	26	50	-42	22	14	19	-2	22	26	-6	12	16
Net Income	31	43	-32	17	12	14	-2	15	24	-5	8	12
EPS	0.44	0.59	-0.44	0.23	0.16	0.19	-0.02	0.21	0.31	-0.07	0.11	0.16
Key Financials TTM
Total Revenue TTM	1,837	1,808	1,772	1,740	1,716	1,702	1,685	1,678	1,671	1,672	1,675	1,681
Ebitda TTM	86	73	35	75	74	93	67	80	75	62	68	64
Operating Income TTM	56	44	13	53	53	65	40	53	48	41	48	46
Net Income TTM	59	40	11	41	39	51	32	42	38	31	36	35
Growth Rates Quarterly
Total Revenue Growth	6.6%	8.5%	7.6%	5.7%	3.3%	4.1%	1.8%	1.5%	-0.0%	-0.7%	-1.4%	-2.2%
EBITDA Growth	67.5%	155.8%	-1169.8%	4.9%	-48.6%	2637.2%	-79.3%	24.2%	55.5%	-117.0%	33.7%	5.7%
Operating Income Growth	84.1%	161.6%	-2432.4%	-0.8%	-44.8%	424.7%	-114.1%	32.8%	33.8%	-1025.0%	18.3%	16.6%
Net Income Growth	162.1%	206.2%	-1710.2%	12.5%	-49.3%	378.0%	-121.7%	31.2%	49.0%	-1667.4%	21.0%	3.0%
Margins Quarterly
EBITDA Margin	7.0%	13.3%	-8.0%	6.3%	4.5%	5.6%	0.8%	6.3%	9.0%	-0.2%	3.9%	5.2%
Operating Income Margin	5.6%	10.7%	-9.1%	4.8%	3.3%	4.4%	-0.4%	5.1%	6.1%	-1.4%	2.8%	3.9%
Net Income Margin	6.7%	9.3%	-7.1%	3.8%	2.7%	3.3%	-0.4%	3.6%	5.5%	-1.2%	2.0%	2.8%
Cash & Debt
Total Cash	168	177	134	115	107	104	106	105	147	121	122	112
Total Debt	10	14	15	8	8	34	41	51	36	57	52	44
Net Debt / (Cash)	-158	-164	-119	-107	-99	-70	-65	-54	-111	-65	-70	-69
Cash Flows Quarterly
FCF from Operations	17	71	29	28	36	4	16	-26	49	3	7	-16
Cash Flows TTM
FCF from Operations TTM	145	164	97	84	31	44	43	34	43	17	4	6
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	20	27	8	7	1	1	3	-0	5	4	-0	2
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-137.4%	52.6%	34.1%	34.1%	-3.5%	34.0%	61.3%	-10.7%	20.0%	26.8%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	9.8%	33.5%	29.5%	28.3%	16.8%	21.0%	28.3%	18.1%	20.6%	20.2%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Dietary	905	894	821	865	931
Housekeeping	767	796	821	895	909
Total	1,671	1,690	1,642	1,760	1,841

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
Housekeeping	72
Dietary	45
Corporate expenses	-62
Total	55

Price Behavior

Price Behavior

Market Price	$20.22
Market Cap ($ Bil)	1.5
First Trading Date	03/26/1990
Distance from 52W High	-9.2%
	50 Days	200 Days
DMA Price	$19.33	$16.53
DMA Trend	up	up
Distance from DMA	4.6%	22.3%
	3M	1YR
Volatility	48.0%	50.1%
Downside Capture	-21.84	39.89
Upside Capture	70.76	100.89
Correlation (SPY)	20.7%	28.0%

HCSG Betas & Captures as of 1/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	1.16	1.20	1.14	1.21	0.75	0.89
Up Beta	4.63	3.04	2.58	2.78	0.90	0.94
Down Beta	0.59	0.60	0.53	0.83	0.32	0.56
Up Capture	39%	106%	117%	138%	118%	90%
Bmk +ve Days	11	22	34	71	142	430
Stock +ve Days	11	21	34	66	125	361
Down Capture	99%	128%	93%	52%	76%	102%
Bmk -ve Days	9	19	27	54	109	321
Stock -ve Days	9	19	26	57	122	372

[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 HCSG
HCSG	93.4%	50.1%	1.47	-
Sector ETF (XLI)	28.6%	19.2%	1.18	25.4%
Equity (SPY)	13.0%	19.4%	0.51	27.9%
Gold (GLD)	71.2%	25.5%	2.08	-6.6%
Commodities (DBC)	7.3%	16.9%	0.25	3.7%
Real Estate (VNQ)	6.4%	16.7%	0.20	18.6%
Bitcoin (BTCUSD)	-30.2%	44.9%	-0.66	5.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with HCSG
HCSG	-6.5%	41.4%	-0.04	-
Sector ETF (XLI)	16.2%	17.2%	0.76	36.7%
Equity (SPY)	13.4%	17.0%	0.62	35.1%
Gold (GLD)	22.0%	17.1%	1.05	3.9%
Commodities (DBC)	11.0%	19.0%	0.47	3.7%
Real Estate (VNQ)	4.8%	18.8%	0.16	35.9%
Bitcoin (BTCUSD)	6.9%	57.1%	0.34	13.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with HCSG
HCSG	-2.9%	39.7%	0.06	-
Sector ETF (XLI)	15.5%	19.8%	0.69	40.4%
Equity (SPY)	15.8%	17.9%	0.76	40.4%
Gold (GLD)	15.0%	15.6%	0.80	3.1%
Commodities (DBC)	8.7%	17.6%	0.41	11.8%
Real Estate (VNQ)	6.8%	20.7%	0.29	38.7%
Bitcoin (BTCUSD)	67.7%	66.7%	1.07	13.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	1302026
Short Interest: Shares Quantity	1.5 Mil
Short Interest: % Change Since 1152026	-30.5%
Average Daily Volume	0.5 Mil
Days-to-Cover Short Interest	2.9 days
Basic Shares Quantity	70.5 Mil
Short % of Basic Shares	2.2%

Returns Analyses

	Title
0	Can Healthcare Services Stock Hold Up When Markets Turn?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
2/11/2026	15.8%	5.5%
10/22/2025	13.8%	16.1%	4.1%
7/23/2025	12.1%	1.7%	16.7%
4/23/2025	29.5%	49.1%	54.1%
2/12/2025	-1.8%	-2.2%	-2.2%
10/23/2024	2.8%	7.1%	10.7%
7/24/2024	-6.7%	-3.0%	-9.9%
4/24/2024	-6.1%	-11.1%	-5.0%
...
SUMMARY STATS
# Positive	12	12	13
# Negative	13	13	11
Median Positive	12.7%	7.8%	4.2%
Median Negative	-6.7%	-5.4%	-17.0%
Max Positive	29.5%	49.1%	54.1%
Max Negative	-16.2%	-23.8%	-21.3%

	Forward Returns
2/11/2026	15.8%	5.5%
10/22/2025	13.8%	16.1%	4.1%
7/23/2025	12.1%	1.7%	16.7%
4/23/2025	29.5%	49.1%	54.1%
2/12/2025	-1.8%	-2.2%	-2.2%
10/23/2024	2.8%	7.1%	10.7%
7/24/2024	-6.7%	-3.0%	-9.9%
4/24/2024	-6.1%	-11.1%	-5.0%
2/14/2024	27.2%	28.0%	28.1%
10/25/2023	-9.5%	-4.1%	0.3%
7/26/2023	-14.5%	-14.7%	-17.4%
4/26/2023	7.5%	8.5%	2.6%
2/15/2023	7.1%	14.3%	5.3%
10/19/2022	-1.2%	-0.5%	3.2%
7/20/2022	-16.2%	-23.8%	-19.1%
4/20/2022	19.9%	4.7%	2.7%
2/9/2022	2.7%	-1.6%	4.2%
10/20/2021	-14.0%	-13.9%	-17.0%
7/21/2021	-12.4%	-13.6%	-18.7%
4/21/2021	13.2%	12.0%	8.7%
2/10/2021	-8.9%	-10.9%	-12.5%
10/21/2020	5.6%	-2.4%	0.3%
7/21/2020	-5.0%	-5.4%	-19.2%
4/22/2020	-1.7%	5.9%	-7.0%
2/12/2020	-2.4%	4.9%	-21.3%
SUMMARY STATS
# Positive	12	12	13
# Negative	13	13	11
Median Positive	12.7%	7.8%	4.2%
Median Negative	-6.7%	-5.4%	-17.0%
Max Positive	29.5%	49.1%	54.1%
Max Negative	-16.2%	-23.8%	-21.3%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
12/31/2025	02/13/2026	10-K
09/30/2025	10/24/2025	10-Q
06/30/2025	07/25/2025	10-Q
03/31/2025	04/25/2025	10-Q
12/31/2024	02/14/2025	10-K
09/30/2024	10/25/2024	10-Q
06/30/2024	07/26/2024	10-Q
03/31/2024	04/26/2024	10-Q
12/31/2023	02/16/2024	10-K
09/30/2023	10/27/2023	10-Q
06/30/2023	07/28/2023	10-Q
03/31/2023	04/28/2023	10-Q
12/31/2022	02/17/2023	10-K
09/30/2022	10/21/2022	10-Q
06/30/2022	07/22/2022	10-Q
03/31/2022	04/22/2022	10-Q

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Shea, John Christopher	EVP & Chief Admin. Officer	Direct	Sell	7302025	13.25	21,368	283,126	436,932	Form
2	Brophy, Andrew M	SVP & Chief Accounting Officer	Direct	Sell	2262025	10.45	1,744	18,225	129,831	Form
3	Orr, Patrick J	EVP & Chief Revenue Officer	Direct	Sell	2192026	20.54	45,500	934,570	916,392	Form
4	Shea, John Christopher	EVP & Chief Admin. Officer	Direct	Sell	2192026	20.41	54,357	1,109,189	597,722	Form

HCSG Trade Sentinel

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

null

Diversification Alternatives

Stock Conviction

null

CONVICTION RATIONALE

null

STOCK ARCHETYPE

null

INVESTMENT THESIS

null

Mechanism: null

Supporting Evidence:

PRIMARY RISK

null

Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Healthcare Services (HCSG)

Market Price (2/20/2026): $20.21 | Market Cap: $1.4 BilSector: Industrials | Industry: Environmental & Facilities Services

Healthcare Services (HCSG)

Market Price (2/20/2026): $20.21Market Cap: $1.4 BilSector: IndustrialsIndustry: Environmental & Facilities Services

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

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Healthcare Services (HCSG)

Cybersecurity Incidents and Data Breaches

Regulatory Changes and Dependence on Healthcare Industry Reimbursement Policies

Managing Labor Costs and Intense Competition

Addressable Markets for HCSG's Main Products or Services (U.S. Region):

1. Environmental Services (Housekeeping, Laundry, Linen):

2. Dining and Nutritional Services:

Capital Allocation Decisions (Last 3-5 Years) for Healthcare Services Group (HCSG)

Share Repurchases

Share Issuance

Inbound Investments

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. Healthcare Services (HCSG)

INDUSTRY: Environmental & Facilities Services

Higher Rev Chg 3Y Avg | Lower P/S (Values for HCSG: 2.9% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for HCSG: 2.9% | 25.5x)

Higher Rev Chg LTM (Value for HCSG: 7.1%)

Higher Rev Chg 3Y Avg (Value for HCSG: 2.9%)

Higher Op Mgn LTM (Value for HCSG: 3.0%)

Higher CFO/Rev LTM (Value for HCSG: 7.9%)

Higher FCF/Rev LTM (Value for HCSG: 7.6%)

Higher Total Yield (Value for HCSG: 4.1%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for HCSG: 2.9% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for HCSG: 2.9% | 25.5x)

Higher Rev Chg LTM (Value for HCSG: 7.1%)

Higher Rev Chg 3Y Avg (Value for HCSG: 2.9%)

Higher Op Mgn LTM (Value for HCSG: 3.0%)

Higher CFO/Rev LTM (Value for HCSG: 7.9%)

Higher FCF/Rev LTM (Value for HCSG: 7.6%)

Higher Total Yield (Value for HCSG: 4.1%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for HCSG: 2.9% | 0.8x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for HCSG: 2.9% | 25.5x)

Higher Rev Chg LTM (Value for HCSG: 7.1%)

Higher Rev Chg 3Y Avg (Value for HCSG: 2.9%)

Higher Op Mgn LTM (Value for HCSG: 3.0%)

Higher CFO/Rev LTM (Value for HCSG: 7.9%)

Higher FCF/Rev LTM (Value for HCSG: 7.6%)

Higher Total Yield (Value for HCSG: 4.1%)

Best Bets in Industrials

P/EBIT (Value for HCSG: 20.5x)

P/E (Value for HCSG: 24.1x)

Rev Chg 3Y Avg (Value for HCSG: 2.9%)

Rev Chg LTM (Value for HCSG: 7.1%)

Rev Chg Q (Value for HCSG: 6.6%)

FCF/Rev 3Y Avg (Value for HCSG: 3.8%)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Market Price (2/20/2026): $20.21 | Market Cap: $1.4 Bil
Sector: Industrials | Industry: Environmental & Facilities Services

Market Price (2/20/2026): $20.21
Market Cap: $1.4 Bil
Sector: Industrials
Industry: Environmental & Facilities Services