Tearsheet

Healthcare Services (HCSG)

Market Price (12/4/2025): $18.8 | Market Cap: $1.4 Bil
Sector: Industrials | Industry: Environmental & Facilities Services

Healthcare Services (HCSG)

Market Price (12/4/2025): $18.8
Market Cap: $1.4 Bil
Sector: Industrials
Industry: Environmental & Facilities Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

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 -13%	Trading close to highs Dist 52W High is -2.2%, Dist 3Y High is -2.2%	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58%
1	Attractive yield FCF Yield is 13%	Weak multi-year price returns 3Y Excs Rtn is -34%
2	Low stock price volatility Vol 12M is 47%
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 -13%
1	Attractive yield FCF Yield is 13%
2	Low stock price volatility Vol 12M is 47%
3	Megatrend and thematic drivers Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care.
4	Trading close to highs Dist 52W High is -2.2%, Dist 3Y High is -2.2%
5	Weak multi-year price returns 3Y Excs Rtn is -34%
6	Valuation getting more expensive P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 58%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$18.80	$11.62	$10.37	$12.00	$16.82
Market Cap CYE ($ Bil)	1.4	0.9	0.8	0.9	1.3
Total Debt ($ Bil)	0.0	0.0	0.0	0.0	0.0
Total Cash ($ Bil)	0.2	0.1	0.1	0.1	0.2
Enterprise Value ($ Bil)	1.2	0.9	0.8	0.9	1.3
Valuation Ratios
P/S TTM	0.7	0.5	0.5	0.5	0.8
P/EBIT TTM	21.5	14.4	12.7	18.8	19.9
P/E TTM	30.6	21.7	20.1	26.1	27.4
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$18.80	$11.62	$10.37
Market Cap CYE ($ Bil)	1.4	0.9	0.8
Total Debt ($ Bil)	0.0	0.0	0.0
Total Cash ($ Bil)	0.2	0.1	0.1
Enterprise Value ($ Bil)	1.2	0.9	0.8
Valuation Ratios
P/S TTM	0.7	0.5	0.5
P/EBIT TTM	21.5	14.4	12.7
P/E TTM	30.6	21.7	20.1
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	HCSG	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	1.8
Rev Chg Q	8.5%	7.1%
Rev Chg LTM	6.3%	6.1%
Rev Chg 3Y Avg	2.4%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.0
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	2.4%	18.8%
CFO/Rev LTM	9.1%	20.5%
Net Inc Mgn	2.2%	13.1%
VALUATION	MODERATE
P/S	0.7	3.2
P/CFO	7.4	15.8
P/FCF	7.7	20.5
P/E	30.6	23.5
STABILITY	VERY GOOD
Debt/Equity	0.01	0.20
Cash/Assets	0.22	0.07

AI Generated Analysis | Feedback

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

Upcoming
2/11/2026	Earnings Release	Rev: - EPS: -

HCSG Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Healthcare Services Group (HCSG) experienced a notable stock movement from August 31, 2025, to December 4, 2025, largely influenced by a series of positive financial announcements and strong operational performance. 1. Strong Third Quarter 2025 Earnings Beat. Healthcare Services Group reported robust third-quarter 2025 results on October 22, 2025, significantly surpassing analyst expectations. The company announced an Earnings Per Share (EPS) of $0.23, beating the consensus estimate of $0.21. Quarterly revenue also exceeded forecasts, rising 8.5% year-over-year to $464.34 million against an estimated $460.36 million. Net income for the quarter was $0.59 per diluted share, a substantial increase from $0.19 a year prior, well above the $0.18 expected by analysts.

2. Positive Operational Momentum and Client Growth. The strong third-quarter performance was attributed to significant operational momentum, including year-over-year and sequential increases in revenue, earnings, and cash flow. Management highlighted new client wins and high retention rates as key drivers for the top-line growth, demonstrating the company's ability to expand its client base and maintain existing relationships.

3. Robust Financial Position and Shareholder Returns. HCSG showcased a healthy financial position with positive cash collection trends and a strong balance sheet, reporting $207.5 million in cash and marketable securities at the end of the third quarter. The company also actively pursued shareholder returns through an accelerated share buyback program, repurchasing $27.3 million of its common stock in Q3 2025, bringing the year-to-date total to $42.0 million. This initiative, announced in July 2025, aimed to repurchase $50.0 million of common stock through June 2026.

4. Favorable Analyst Revisions and Price Target Increases. Following the strong earnings report, several financial analysts reaffirmed positive outlooks and raised their price targets for HCSG. For instance, UBS Group maintained a "Buy" rating and increased its target price from $20.00 to $22.00 on October 27, 2025. Similarly, Benchmark raised its target price from $19.00 to $24.00, reiterating a "Buy" rating on October 23, 2025. These upward revisions in analyst sentiment contributed to investor confidence.

5. Reaffirmed Growth and Cash Flow Outlook. Despite an earlier announcement in July 2025 regarding a client restructuring with Genesis HealthCare, Inc., HCSG reiterated its 2025 expectations for mid-single-digit revenue growth and robust cash flow from operations, excluding changes in payroll accrual. This reaffirmation underscored the company's resilience and stable outlook amidst industry-specific challenges, signaling to investors that its core business fundamentals remained strong.

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Stock Movement Drivers

Fundamental Drivers

The 19.2% change in HCSG stock from 9/3/2025 to 12/3/2025 was primarily driven by a 260.2% change in the company's Net Income Margin (%).

	9032025	12032025	Change
Stock Price ($)	15.78	18.81	19.20%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1772.11	1808.30	2.04%
Net Income Margin (%)	0.61%	2.20%	260.15%
P/E Multiple	106.78	34.20	-67.97%
Shares Outstanding (Mil)	73.16	72.24	1.26%
Cumulative Contribution			19.18%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
HCSG	19.2%
Market (SPY)	6.2%	29.8%
Sector (XLI)	2.9%	14.7%

Fundamental Drivers

The 32.0% change in HCSG stock from 6/4/2025 to 12/3/2025 was primarily driven by a 34.8% change in the company's P/E Multiple.

	6042025	12032025	Change
Stock Price ($)	14.25	18.81	32.00%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1739.91	1808.30	3.93%
Net Income Margin (%)	2.38%	2.20%	-7.63%
P/E Multiple	25.36	34.20	34.82%
Shares Outstanding (Mil)	73.67	72.24	1.95%
Cumulative Contribution			31.95%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
HCSG	32.0%
Market (SPY)	15.1%	33.4%
Sector (XLI)	7.6%	25.5%

Fundamental Drivers

The 50.1% change in HCSG stock from 12/3/2024 to 12/3/2025 was primarily driven by a 89.1% change in the company's P/E Multiple.

	12032024	12032025	Change
Stock Price ($)	12.53	18.81	50.12%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1701.71	1808.30	6.26%
Net Income Margin (%)	3.00%	2.20%	-26.77%
P/E Multiple	18.08	34.20	89.11%
Shares Outstanding (Mil)	73.69	72.24	1.97%
Cumulative Contribution			50.06%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
HCSG	50.1%
Market (SPY)	14.3%	30.0%
Sector (XLI)	9.8%	28.8%

Fundamental Drivers

The 36.2% change in HCSG stock from 12/4/2022 to 12/3/2025 was primarily driven by a 59.4% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	13.81	18.81	36.21%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1686.60	1808.30	7.22%
Net Income Margin (%)	1.38%	2.20%	59.36%
P/E Multiple	44.14	34.20	-22.54%
Shares Outstanding (Mil)	74.34	72.24	2.83%
Cumulative Contribution			36.10%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
HCSG	86.4%
Market (SPY)	53.2%	31.9%
Sector (XLI)	45.4%	35.0%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
HCSG Return	20%	-35%	-29%	-14%	12%	62%	-12%
Peers Return	74%	-12%	28%	16%	58%	23%	341%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
HCSG Win Rate	75%	50%	50%	50%	42%	50%
Peers Win Rate	48%	46%	50%	52%	52%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
HCSG Max Drawdown	-26%	-39%	-29%	-25%	-13%	-19%
Peers Max Drawdown	-44%	-33%	-28%	-19%	-6%	-31%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: CWST, GEO, CECO, FTEK, MDRN.
[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] 2025 data is for the year up to 12/3/2025 (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	1480 days

Compare to CWST, GEO, CECO, FTEK, MDRN

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.

Preserve Wealth

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Asset Allocation

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About Healthcare Services (HCSG)

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.

AI Generated Analysis | Feedback

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

AI Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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.

Better Bets than Healthcare Services (HCSG)

	HCSG	Better Performance than HCSG
Metric	Value	INDUSTRY: Environmental & Facilities Services
Rev Chg LTM	6.3%	GFL (27.5%), CWST (20.5%), WM (15.9%), ROL (11.2%), WCN (7.6%)
Rev Chg 3Y Avg	2.4%	ROL (11.8%), WCN (10.3%), GFL (10.3%), WM (8.6%), RSG (8.5%)
Op Mgn LTM	2.4%	VLTO (23.3%), RSG (20.2%), ROL (19.5%), WCN (18.8%), WM (17.6%)
CFO/Rev LTM	9.1%	RSG (26.3%), WCN (25.9%), WM (23.6%), VLTO (19.3%), ROL (19.1%)
FCF/Rev LTM	8.7%	ROL (18.3%), VLTO (18.1%), RSG (15.3%), WCN (13.2%), WM (9.7%)
Total Yield	3.3%	GFL (21.0%), ABM (6.1%), WM (4.3%), RSG (4.0%), VLTO (3.8%)
P/S	0.7	GWAV (0.0), LNZA (0.0), AWX (0.1), QRHC (0.2), ABM (0.3)
P/Op Inc	27.7	CLH (19.1), WM (20.4), VLTO (20.9), RSG (21.5), WCN (25.6)

	HCSG	Better Performance than HCSG
Metric	Value	SECTOR: Industrials
Rev Chg LTM	6.3%	UBER (18.2%), GE (17.7%), BA (10.2%), GEV (9.4%), RTX (8.8%)
Rev Chg 3Y Avg	2.4%	UBER (19.6%), GE (15.7%), BA (10.1%), RTX (9.4%), CAT (5.8%)
Op Mgn LTM	2.4%	GE (20.5%), CAT (18.2%), RTX (10.3%), UBER (9.2%), GEV (3.7%)
CFO/Rev LTM	9.1%	UBER (18.1%), CAT (18.0%), GE (17.2%), RTX (9.3%), GEV (9.1%)
FCF/Rev LTM	8.7%	UNP (24.5%), UBER (17.5%), GE (14.7%), ETN (12.5%), CAT (12.3%)
Total Yield	3.3%	UBER (8.1%), UNP (7.3%), CAT (6.7%), DE (5.0%), RTX (4.5%)
P/S	0.7	WCC (0.4), UAL (0.5), DAL (0.6), FDX (0.6), LUV (0.6)
P/Op Inc	27.7	UNP (14.0), CAT (15.8), DE (15.9), HON (17.4), RTX (25.5)

	HCSG	Better Performance than HCSG
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	6.3%	NVDA (71.6%), AVGO (28.0%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%)
Rev Chg 3Y Avg	2.4%	NVDA (92.0%), AVGO (24.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%)
Op Mgn LTM	2.4%	NVDA (58.1%), MSFT (46.3%), GOOGL (32.2%), AAPL (31.9%), AMZN (11.4%)
CFO/Rev LTM	9.1%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	8.7%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	3.3%	BRK-B (6.2%), GOOGL (4.6%), WMT (3.6%), META (3.5%), MSFT (3.4%)
P/S	0.7	CVS (0.2), MCK (0.2), CI (0.3), GM (0.3), ELV (0.4)
P/Op Inc	27.7	XOM (12.4), JNJ (18.5), META (22.6), GOOGL (23.7), WMT (26.9)

		Best Bets In Industrials Sector
	HCSG
What You Pay
P/E	30.6
P/EBIT	21.5
What You Get
Rev Chg Q	8.5%
Rev Chg LTM	6.3%
Rev Chg 3Y Avg	2.4%
FCF/Rev 3Y Avg	3.9%

[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	Topic	Date
0	DASHBOARDS
1	With Healthcare Services Stock Surging, Have You Considered The Downside?	Return
2	Healthcare Services (HCSG) Operating Income Comparison	Financials
3	Healthcare Services (HCSG) Operating Cash Flow Comparison	Financials
4	Healthcare Services (HCSG) Debt Comparison	Financials
5	Healthcare Services (HCSG) Net Income Comparison	Financials
6	Healthcare Services (HCSG) Revenue Comparison	Financials
7	Healthcare Services (HCSG) EBITDA Comparison	Financials
8	Healthcare Services (HCSG) Tax Expense Comparison	Financials
9	Why Healthcare Services Stock Moved: HCSG Stock Has Gained 83% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
10	Day 8 of Loss Streak for Healthcare Services Stock with -16% Return (vs. 13% YTD) [7/15/2025]
11	ARTICLES
12	HCSG Stock Down -16% after 8-Day Loss Streak		July 16th, 2025

	Title
0	DASHBOARDS
1	With Healthcare Services Stock Surging, Have You Considered The Downside?
2	Healthcare Services (HCSG) Operating Income Comparison
3	Healthcare Services (HCSG) Operating Cash Flow Comparison
4	Healthcare Services (HCSG) Debt Comparison
5	Healthcare Services (HCSG) Net Income Comparison
6	Healthcare Services (HCSG) Revenue Comparison
7	Healthcare Services (HCSG) EBITDA Comparison
8	Healthcare Services (HCSG) Tax Expense Comparison
9	Why Healthcare Services Stock Moved: HCSG Stock Has Gained 83% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
10	Day 8 of Loss Streak for Healthcare Services Stock with -16% Return (vs. 13% YTD) [7/15/2025]
11	ARTICLES
12	HCSG Stock Down -16% after 8-Day Loss Streak

Trade Ideas

Select past ideas related to HCSG. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	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	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	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	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	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	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| 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	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	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	7.3%	7.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	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	2.3%	2.3%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	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	4.8%	4.8%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| 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	1.6%	1.6%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	2.2%	2.2%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Healthcare Services

Peers to compare with:

Financials

	HCSG	CWST	GEO	CECO	FTEK	MDRN	Median
Name	Healthca.	Casella .	GEO	CECO Env.	Fuel Tech	Modern M.
Mkt Price	18.81	95.68	17.10	54.50	1.83	-	18.81
Mkt Cap	1.4	6.1	2.4	1.9	0.1	-	1.9
Rev LTM	1,808	1,795	2,531	718	25	-	1,795
Op Inc LTM	44	93	279	48	-4	-	48
FCF LTM	158	78	26	-17	3	-	26
FCF 3Y Avg	69	74	147	13	-0	-	69
CFO LTM	164	343	208	-2	3	-	164
CFO 3Y Avg	75	271	257	25	0	-	75

Growth & Margins

	HCSG	CWST	GEO	CECO	FTEK	MDRN	Median
Name	Healthca.	Casella .	GEO	CECO Env.	Fuel Tech	Modern M.
Rev Chg LTM	6.3%	20.5%	4.4%	29.9%	-5.7%	-	6.3%
Rev Chg 3Y Avg	2.4%	19.6%	3.1%	21.9%	-2.0%	-	3.1%
Rev Chg Q	8.5%	17.9%	13.1%	45.8%	-4.6%	-	13.1%
QoQ Delta Rev Chg LTM	2.0%	4.3%	3.2%	9.5%	-1.4%	-	3.2%
Op Mgn LTM	2.4%	5.2%	11.0%	6.7%	-17.7%	-	5.2%
Op Mgn 3Y Avg	3.0%	6.9%	13.3%	7.0%	-12.7%	-	6.9%
QoQ Delta Op Mgn LTM	1.7%	-0.5%	-0.5%	-0.3%	0.5%	-	-0.3%
CFO/Rev LTM	9.1%	19.1%	8.2%	-0.3%	11.9%	-	9.1%
CFO/Rev 3Y Avg	4.2%	18.2%	10.5%	4.8%	0.7%	-	4.8%
FCF/Rev LTM	8.7%	4.4%	1.0%	-2.4%	10.7%	-	4.4%
FCF/Rev 3Y Avg	3.9%	5.2%	6.0%	2.8%	-0.7%	-	3.9%

Valuation

	HCSG	CWST	GEO	CECO	FTEK	MDRN	Median
Name	Healthca.	Casella .	GEO	CECO Env.	Fuel Tech	Modern M.
Mkt Cap	1.4	6.1	2.4	1.9	0.1	-	1.9
P/S	0.7	3.4	1.1	2.5	3.8	-	2.5
P/EBIT	21.5	73.1	5.9	18.6	-60.7	-	18.6
P/E	30.6	394.8	11.9	34.9	-31.0	-	30.6
P/CFO	7.4	17.6	13.6	-796.8	31.8	-	13.6
Total Yield	3.3%	0.3%	8.4%	2.9%	-3.2%	-	2.9%
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	-	0.0%
FCF Yield 3Y Avg	6.4%	1.4%	11.3%	2.5%	-2.4%	-	2.5%
D/E	0.0	0.2	0.6	0.1	0.0	-	0.1
Net D/E	-0.1	0.2	0.5	0.1	-0.3	-	0.1

Returns

	HCSG	CWST	GEO	CECO	FTEK	MDRN	Median
Name	Healthca.	Casella .	GEO	CECO Env.	Fuel Tech	Modern M.
1M Rtn	5.2%	7.8%	1.7%	4.8%	-30.7%	-	4.8%
3M Rtn	19.2%	0.1%	-18.7%	17.4%	-36.0%	-	0.1%
6M Rtn	32.0%	-18.3%	-36.2%	104.0%	9.6%	-	9.6%
12M Rtn	50.1%	-16.0%	-36.5%	68.9%	77.7%	-	50.1%
3Y Rtn	36.2%	10.4%	49.6%	346.7%	27.1%	-	36.2%
1M Excs Rtn	5.2%	7.9%	1.8%	4.8%	-30.6%	-	4.8%
3M Excs Rtn	14.1%	-5.2%	-24.5%	6.4%	-42.0%	-	-5.2%
6M Excs Rtn	17.3%	-33.0%	-50.9%	89.2%	-5.1%	-	-5.1%
12M Excs Rtn	38.9%	-29.0%	-53.6%	56.5%	57.5%	-	38.9%
3Y Excs Rtn	-33.7%	-60.1%	-5.6%	272.5%	-30.9%	-	-30.9%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/24/2025	2/14/2025	2/16/2024	2/17/2023	2/18/2022	2/25/2021	2/21/2020
Key Financials
Total Revenue	1,808	1,716	1,671	1,690	1,642	1,760	1,841
EBITDA	73	74	75	63	82	145	102
Operating Income	44	53	55	44	64	126	78
Net Income	40	39	38	34	49	99	65
EPS	0.54	0.54	0.52	0.46	0.65	1.32	0.87
Growth Rates
Total Revenue Growth	6.3%	2.7%	-1.1%	2.9%	-6.7%	-4.4%	-8.1%
EBITDA Growth	-21.1%	-1.7%	19.7%	-22.9%	-43.7%	41.3%	-8.7%
Operating Income Growth	-38.8%	-2.5%	24.8%	-31.7%	-49.3%	62.3%	-20.4%
Net Income Growth	-22.2%	2.8%	12.1%	-29.5%	-50.8%	52.8%	-22.7%
Margins
EBITDA Margin	4.0%	4.3%	4.5%	3.7%	5.0%	8.2%	5.6%
Operating Income Margin	2.4%	3.1%	3.3%	2.6%	3.9%	7.2%	4.2%
Net Income Margin	2.2%	2.3%	2.3%	2.0%	3.0%	5.6%	3.5%
Cash & Debt
Total Cash	177	107	147	121	185	264	118
Total Debt	14	8	36	33	11	11	22
Net Debt / (Cash)	-164	-99	-111	-88	-174	-253	-96
Cash Flows
Net Cash from Operations	164	31	43	-8	37	217	94
Free Cash from Operations	158	24	38	-13	31	213	89
Returns to Shareholders
Dividends	0	-0	-0	63	62	61	59
Share Repurchases	43	5	11	-0	22	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	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	12/31/2022
Filing Date	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	2/17/2023
Key Financials Quarterly
Total Revenue	464	458	448	438	428	426	423	424	411	419	417	424
Ebitda	62	-36	28	20	24	3	27	38	-1	16	22	25
Operating Income	50	-42	22	14	19	-2	22	33	-6	12	16	19
Net Income	43	-32	17	12	14	-2	15	24	-5	8	12	16
EPS	0.59	-0.44	0.23	0.16	0.19	-0.02	0.21	0.31	-0.07	0.11	0.16	0.22
Key Financials TTM
Total Revenue TTM	1,808	1,772	1,740	1,716	1,702	1,685	1,678	1,671	1,672	1,675	1,681	1,690
Ebitda TTM	73	35	75	74	93	67	80	75	62	68	64	63
Operating Income TTM	44	13	53	53	72	47	60	55	41	48	46	44
Net Income TTM	40	11	41	39	51	32	42	38	31	36	35	34
Growth Rates Quarterly
Total Revenue Growth	8.5%	7.6%	5.7%	3.3%	4.1%	1.8%	1.5%	-0.0%	-0.7%	-1.4%	-2.2%	0.8%
EBITDA Growth	155.8%	-1169.8%	4.9%	-48.6%	2637.2%	-79.3%	24.2%	55.5%	-117.0%	33.7%	5.7%	159.5%
Operating Income Growth	161.6%	-2432.4%	-0.8%	-56.2%	424.7%	-114.1%	32.8%	68.5%	-1025.0%	18.3%	16.6%	264.1%
Net Income Growth	206.2%	-1710.2%	12.5%	-49.3%	378.0%	-121.7%	31.2%	49.0%	-1667.4%	21.0%	3.0%	229.6%
Margins Quarterly
EBITDA Margin	13.3%	-8.0%	6.3%	4.5%	5.6%	0.8%	6.3%	9.0%	-0.2%	3.9%	5.2%	5.8%
Operating Income Margin	10.7%	-9.1%	4.8%	3.3%	4.4%	-0.4%	5.1%	7.7%	-1.4%	2.8%	3.9%	4.6%
Net Income Margin	9.3%	-7.1%	3.8%	2.7%	3.3%	-0.4%	3.6%	5.5%	-1.2%	2.0%	2.8%	3.7%
Cash & Debt
Total Cash	177	134	115	107	104	106	105	147	121	122	112	121
Total Debt	14	15	8	8	34	41	51	36	57	52	44	33
Net Debt / (Cash)	-164	-119	-107	-99	-70	-65	-54	-111	-65	-70	-69	-88
Cash Flows Quarterly
FCF from Operations	71	29	28	36	4	16	-26	49	3	7	-16	23
Cash Flows TTM
FCF from Operations TTM	164	97	84	31	44	43	34	43	17	4	6	-8
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	16
Share Repurchases	27	8	7	1	1	3	-0	5	4	-0	2	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-137.4%	52.6%	34.1%	34.1%	-3.5%	34.0%	77.2%	-10.7%	20.0%	26.8%	40.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	9.8%	33.5%	29.5%	31.3%	19.6%	23.6%	32.2%	18.1%	20.6%	20.2%	21.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
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	2024	2023	2022	2021	2020
Housekeeping	72
Dietary	45
Corporate expenses	-62
Total	55

Price Behavior

Price Behavior

Market Price	$18.81
Market Cap ($ Bil)	1.4
First Trading Date	03/26/1990
Distance from 52W High	-2.2%
	50 Days	200 Days
DMA Price	$17.37	$14.32
DMA Trend	up	up
Distance from DMA	8.3%	31.4%
	3M	1YR
Volatility	39.9%	46.8%
Downside Capture	18.61	66.29
Upside Capture	94.90	97.64
Correlation (SPY)	30.0%	30.0%

HCSG Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.07	0.93	0.94	1.22	0.71	0.90
Up Beta	2.65	2.45	2.33	3.06	0.86	0.95
Down Beta	0.67	1.72	1.15	0.88	0.32	0.59
Up Capture	91%	63%	93%	101%	100%	91%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	12	22	32	64	122	356
Down Capture	64%	-6%	12%	52%	77%	102%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	20	30	59	122	375

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of HCSG With Other Asset Classes (Last 1Y)
	HCSG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	51.9%	8.9%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	46.6%	18.9%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	1.02	0.32	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		28.7%	29.9%	-7.9%	3.5%	23.3%	7.1%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of HCSG With Other Asset Classes (Last 5Y)
	HCSG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-2.9%	13.1%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	40.9%	17.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	0.05	0.61	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		37.2%	35.4%	3.8%	4.8%	35.9%	14.0%

Based On 10-Year Data

		Comparison of HCSG With Other Asset Classes (Last 10Y)
	HCSG	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-4.6%	12.8%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	39.3%	19.9%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	0.01	0.57	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		41.3%	41.3%	2.7%	12.1%	39.5%	12.8%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	1,431,308
Short Interest: % Change Since 10312025	14.8%
Average Daily Volume	558,291
Days-to-Cover Short Interest	2.56
Basic Shares Quantity	72,237,000
Short % of Basic Shares	2.0%

Returns Analyses

	Title
0	With Healthcare Services Stock Surging, Have You Considered The Downside?

SEC Filings

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Report Date	Filing Date	Filing
9302025	10242025	10-Q 9/30/2025
6302025	7252025	10-Q 6/30/2025
3312025	4252025	10-Q 3/31/2025
12312024	2142025	10-K 12/31/2024
9302024	10252024	10-Q 9/30/2024
6302024	7262024	10-Q 6/30/2024
3312024	4262024	10-Q 3/31/2024
12312023	2162024	10-K 12/31/2023
9302023	10272023	10-Q 9/30/2023
6302023	7282023	10-Q 6/30/2023
3312023	4282023	10-Q 3/31/2023
12312022	2172023	10-K 12/31/2022
9302022	10212022	10-Q 9/30/2022
6302022	7222022	10-Q 6/30/2022
3312022	4222022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021

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Healthcare Services (HCSG)

Market Price (12/4/2025): $18.8 | Market Cap: $1.4 BilSector: Industrials | Industry: Environmental & Facilities Services

Healthcare Services (HCSG)

Market Price (12/4/2025): $18.8Market Cap: $1.4 BilSector: IndustrialsIndustry: Environmental & Facilities Services

Valuation, Metrics & Events

HCSG Stock

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About Healthcare Services (HCSG)

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)

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Market Price (12/4/2025): $18.8 | Market Cap: $1.4 Bil
Sector: Industrials | Industry: Environmental & Facilities Services

Market Price (12/4/2025): $18.8
Market Cap: $1.4 Bil
Sector: Industrials
Industry: Environmental & Facilities Services