BrightSpring Health Services, Inc. Common Stock (BTSG) Stock

BrightSpring Health Services, Inc. Common Stock (BTSG) is a Healthcare stock trading at $70.52 (as of 2026-07-20), with a market capitalization of $13.67B and a trailing P/E of 44.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

BrightSpring Health Services, Inc. operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations. It serves patients through clinical providers and pharmacists. BrightSpring Health Services, Inc. was formerly known as Phoenix Parent Holdings Inc. and changed its name to BrightSpring Health Services, Inc. in May 2021. The company was founded in 1974 and is based in Louisville, Kentucky.

Understand BrightSpring Health Services, Inc. Common Stock: how it makes money

BrightSpring Health Services provides home and community-based healthcare services in the United States, focused on pharmacy and provider services (clinical and supportive care delivered through pharmacists, clinical providers, and related home and community settings), and it earns money through revenue generated in its Pharmacy Solutions and Provider Services segments.

BrightSpring’s profit engine is driven mainly by its Pharmacy Solutions segment, which is the larger revenue contributor (about 3.2B of 3.6B) and also shows the larger operating earnings before interest, taxes, depreciation and amortization (0.12B versus 0.05B for Provider Services).

Revenue by segment (latest quarter)
Pharmacy Solutions$3.2B
Provider Services$0.4B

Business quality (Mixed): The provided facts clearly separate Pharmacy Solutions and Provider Services by both revenue and operating earnings (EBITDA), and they include execution-oriented operating KPIs, but they do not show growth rates or customer level economics, so investors mainly have to watch segment operating earnings alongside service quality metrics.

Valuation: At 45× earnings, BTSG trades 80% above the Healthcare Services average (25×). Note: one-time items can distort reported P/E.

Bull case

  • Pharmacy operating earnings are the biggest piece: In the latest quarter provided, Pharmacy Solutions shows operating earnings before interest, taxes, depreciation and amortization of 0.12B, larger than Provider Services at 0.05B.
  • High pharmacy execution measures: Pharmacy operational quality metrics are very strong, including Pharmacy Dispensing Accuracy at 99.99%, Home and Community Pharmacy Order Completeness at 99.5%, and Specialty Pharmacy Medication Possession Ratio at 92.1%.
  • Home health quality signals: Home Health Timely Initiation of Care is 99.0%, and Home Health Branches Rated Four Stars or Greater is 91.0%.

Bear case

  • Low margins: The company reports gross margin of 13.3% and operating margin of 3.4% for the period provided, leaving limited room for cost or reimbursement pressure.
  • Profit impact may be concentrated in Pharmacy Solutions: Because Pharmacy Solutions is the larger revenue contributor (3.2B of 3.6B), negative changes in Pharmacy Solutions economics would likely weigh more on total results than changes in Provider Services.
  • Some delivery metrics are not perfect: Home and Community Pharmacy On-Time Delivery is 97.0%, which indicates delivery performance is strong but not at 100%.
Valuation — source: SEC EDGAR (first-party)
Price$70.52
Market Cap$13.67B
P/E Ratio44.1
EV / EBITDA29.0
Price / Book6.91
Price / Sales1.00
FCF Yield3.0%
DCF Value (model)$21.70
DCF Upside vs Price-69.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$12.91B
Net Margin1.5%
Revenue Growth (YoY)25.6%
EPS Growth (YoY)386.7%
FCF Growth (YoY)20.8%
Financial Health — source: SEC EDGAR
Altman Z-Score4.15 (safe)
Valuation vs Sector & Industry
Stock P/E44.1
Sector P/E (Healthcare)21.1
Industry P/E (Healthcare Services)28.9
vs Sector109.5%
vs Industry52.7%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderKohlberg Kravis Roberts & Co. L.P. ($1.78B)
Institutional Holders Tracked10
Company
SectorHealthcare
IndustryHealthcare Services
CEOJon Rousseau
Employees37,000
CountryUS
IPO Date2024-01-26

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BTSG earnings history · BTSG institutional & insider holders · BTSG KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.