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CON vs PACS stock comparison

CONCENTRA GROUP HOLDINGS PARENT, INC. vs PACS Group, Inc., two Medical Care stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.

The balance sheets are the argument: Concentra carries 3.62 turns of debt against equity, the load of a 2024 spinoff, while PACS Group runs skilled nursing at 0.24 turns. The margin advantage runs the other way, 16.8% operating at Concentra against 8.5%, occupational medicine out-earning long-term care as it always has. Returns on equity, 41.2% against 23.4%, both need leverage deflators; returns on assets, 6.2% against 4.3%, keep Concentra ahead honestly. The market prices PACS dearer anyway, 27 times earnings against 21.7, paying up for the cleaner sheet and the 7.2% free-cash yield against 5.5%. Margins with debt against balance with less: the premium currently sits on the safer construction.

Comparison updated 2026-07-10.

CON vs PACS: the numbers

MetricCONPACS
Price$30.16$41.88
Market cap$3.9B$6.8B
SectorMedical CareMedical Care
StageGrowthGrowth
Implied growth (priced in)-4.1%+7.9%
P/E21.727.0
P/B8.976.51
P/S1.741.25
EV/EBITDA12.617.8
Revenue growth+15.5%+23.6%
Operating margin16.8%8.4%
Net margin8.0%4.5%
Return on equity41.2%23.4%
Return on assets6.2%4.3%
Return on invested capital13.2%21.0%
FCF yield5.5%7.2%
Dividend yield0.8%0.5%
Debt / equity3.620.24
Current ratio1.260.99
Altman Z (solvency)1.962.01
Piotroski F (quality)7 / 97 / 9
Full CON report → Full PACS report →
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.