CON Concentra Group Holdings Parent, Inc.

FY2025 10-K
Filed: Feb 26, 2026
Health Care
Services-Specialty Outpatient Facilities, NECSEC EDGAR

Concentra Group Holdings Parent, Inc. (CON) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: largest U.S. provider of occupational health services via 628 centers in 41 states, plus 411 onsite clinics in 44 states
  • New emphasis: completed IPO July 2024 raising $516.5M net; separated from Select Medical via spin-off November 2024
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Management Discussion & Analysis

  • Revenue $2,163.4M, up 13.9% YoY from $1,900.2M driven by acquisitions and organic patient visit growth
  • Operating margin 15.4% vs 16.0% in prior year; net income margin 7.7% vs 8.8%; interest expense increased to $109.3M from $47.7M
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Risk Factors

  • Regulatory/legal risk: Non-compliance with Credit Agreement leverage covenant could trigger default, accelerate $942.9M Term Loan due 2031, and restrict borrowings under $450M Revolving Credit Facility
  • Macroeconomic threat: Inflation-driven labor cost increases in healthcare sector may pressure margins, though impact to date reported as not material
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Financial Summary
XBRL

Revenue

$2.2B

Net Income

$166M

Operating Margin

15.4%

Net Margin

7.7%

ROE

42.3%

Total Assets

$2.9B

EPS (Diluted)

$1.30

Operating Cash Flow

$279M

Source: XBRL data from Concentra Group Holdings Parent, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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