Pediatrix Medical Group, Inc. (MD) FY2025 10-K Annual Report

Filed: Feb 19, 2026
Health Care
Services-HospitalsSEC EDGAR

Pediatrix Medical Group, Inc. (MD) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Pediatrix Medical Group, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: provider of neonatal and pediatric healthcare services
  • No new products, services, or segments introduced or emphasized this year
  • No stated strategic shift or changed competitive positioning vs prior year
  • 144 holders of record of common stock as of February 13, 2026; stock price $21.52 per share
  • No dividends declared or paid in 2023-2025; dividend payments limited by credit agreement

Management Discussion & Analysis

  • Revenue details and YoY change not disclosed in provided text
  • Profitability or margin changes not specified in provided text
  • Segment details: 1,350 neonatal physicians, 475 maternal-fetal, 230 pediatric intensive care, 220 hospital-based pediatric, 20 pediatric surgical
  • No cash flow, buybacks, dividends, or capex info given
  • Risks: potential revenue impact from shifts toward government healthcare programs due to economic/demographic changes and rising bad debt from patient payment difficulties

Risk Factors

  • Regulatory/legal risk: potential audit, inquiry, or investigation impact on revenue from government agencies over $1.15B gross receivables and DSO 42.8 days
  • Geopolitical/macro risk: 32% of net revenue concentrated in Texas exposing Pediatrix to regional health policy or economic shifts
  • Operational/supply chain risk: transformation and restructuring expenses $22.3M in 2025 due to shared services position eliminations and revenue cycle transitions
  • Competitive/market disruption risk: practice dispositions reducing net revenue by $99.1M or 4.9% in 2025, affecting market footprint and growth
  • Financial/structural risk: goodwill impairment charge of $150.6M in 2024 reflecting valuation sensitivity to market capitalization and stock price declines

Pediatrix Medical Group, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$1.9B

-4.9% YoY

Net Income

$165M

+266.9% YoY

Operating Margin

10.9%

+1432bp YoY

Net Margin

8.6%

+1356bp YoY

ROE

19.1%

+3205bp YoY

Total Assets

$2.2B

+4.4% YoY

EPS (Diluted)

$1.94

+263.0% YoY

Operating Cash Flow

$271M

+31.2% YoY

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

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