# BrightSpring Health Services, Inc. Common Stock (BTSG) — Stock CV

BrightSpring Health Services, Inc. is a $12.6B healthcare company. Revenue grew 14.3% over the last year, it keeps 3¢ of every dollar of sales as profit, and its net debt equals ~5.9 years of free cash flow. It trades at 34.5× earnings — in the cheapest third of its own history.

> BrightSpring Health Services Inc is a home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations.

## Identity

- **Ticker**: BTSG
- **Sector**: Healthcare
- **Industry**: Services-Home Health Care Services
- **Headquarters**: LOUISVILLE, KY
- **Employees**: 23 500
- **Website**: https://www.brightspringhealth.com
- **Market cap**: $12.6B
- **Last price**: $63.74
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $14.4B
- **Net income**: $366M
- **Free cash flow**: $402M
- **Net debt**: $2.37B
- **P/E**: 34.5
- **Revenue growth (YoY)**: 14.3%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 69 |
| Growth | 90 |
| Profitability | 36 |
| Health | 26 |
| Quality | 84 |
| Moat | 15 |

## Qualifications (beginner checklist) — 6 of 10 passed

- [x] Revenue growing — +14.3% YoY
- [x] Profitable — $366M TTM
- [x] Profit growing — +48.1% YoY
- [x] Generates cash — $402M TTM
- [ ] Debt under control — ~5.9y of cash flow to repay
- [x] Established company — $12.6B market cap
- [ ] Not printing shares — +86.9% shares over ~5y
- [ ] Proven track record — 2/5 profitable years
- [ ] Financially stable — health score 28/100
- [x] Valuation not extreme — P/E 34.5

## Experience (career milestones)

- **FY2025** — Best year on record: $191M net income
- **FY2024** — Revenue crossed $10B: $11.3B for the year
- **FY2021** — First recorded profitable year: $49.8M net income
- **FY2021** — Revenue already above $1B: $6.70B in first reported year

## Strengths

- Revenue growing 14.3% year over year
- Piotroski F-Score 7/9 — fundamentally strong checklist

## Watch-outs

- Thin interest coverage (1.9×)
- Loss-making in 3 of the recent years
- Net debt equals ~5.9 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $6.70B | $49.8M | $211M |
| FY2022 | $7.72B | -$53.9M | -$74.8M |
| FY2023 | $7.69B | -$155M | $137M |
| FY2024 | $11.3B | -$18.1M | -$57.1M |
| FY2025 | $12.9B | $191M | $395M |

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Source: https://stockcv.com/BTSG — derived from company filings; may be delayed or incomplete. Information, not investment advice.