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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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TTENK/calls
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Home›SEM›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

SELECT MEDICAL HOLDINGS CORP (SEM) financials

Income statement

SELECT MEDICAL HOLDINGS CORP (SEM) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$4.22B$4.37B$5.08B$5.45B$5.53B$6.20B$4.61B$4.83B$5.19B$5.45B
Revenue growth—3.5%16.4%7.3%1.4%12.2%-25.7%4.7%7.5%5.1%
Operating income$300M$356M$417M$472M$568M$714M$145M$267M$268M$336M
Operating margin7.1%8.2%8.2%8.7%10.3%11.5%3.1%5.5%5.2%6.2%
Net income$115M$177M$138M$148M$259M$402M$159M$243M$214M$146M
Net margin2.7%4.1%2.7%2.7%4.7%6.5%3.4%5.0%4.1%2.7%
EPS (diluted)$0.87$1.33$1.02$1.10$1.93$2.98$1.23$1.91$1.66$1.16

Cash flow

SELECT MEDICAL HOLDINGS CORP (SEM) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$347M$238M$494M$445M$1.03B$401M$285M$582M$518M$346M
Capital expenditures$162M$233M$167M$157M$146M$181M$190M$229M$222M$229M
Free cash flow$185M$4.89M$327M$288M$882M$221M$94.5M$353M$296M$117M
Dividends paid$0.00$0.00—$0.00$0.00$50.6M$64.6M$63.9M$64.6M$31.4M

Balance sheet

SELECT MEDICAL HOLDINGS CORP (SEM) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$99.0M$123M$175M$336M$577M$74.3M$97.9M$52.6M$59.7M$26.5M
Total assets$4.92B$5.13B$5.96B$7.34B$7.66B$7.36B$7.67B$7.69B$5.61B$5.85B
Total liabilities$3.59B$3.55B$4.27B$5.44B$6.00B$6.00B$6.27B$6.12B$3.61B$3.82B
Long-term debt$2.70B$2.70B$3.29B$3.45B——————
Shareholders' equity$816M$823M$803M$771M$1.06B$1.11B$1.12B$1.29B$1.68B$1.71B
Retained earnings$372M$360M$320M$280M$553M$593M$581M$752M$770M$837M
Shares (wtd avg diluted)128M129M130M130M130M130M125M123M125M123M

Every figure is extracted from SELECT MEDICAL HOLDINGS CORP’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is SELECT MEDICAL HOLDINGS CORP's annual revenue?
SELECT MEDICAL HOLDINGS CORP (SEM) reported $5.45B of revenue for fiscal year 2025 — up 5.1% from $5.19B in FY2024, per its annual report filed with the SEC.
Is SELECT MEDICAL HOLDINGS CORP profitable?
Yes — SEM earned $146M of net income in FY2025, a 2.7% net margin, per SEC filings.
What is SELECT MEDICAL HOLDINGS CORP's free cash flow?
$117M in FY2025 (operating cash flow $346M minus $229M of capital expenditures), from the SEC cash-flow statement.
Does SEM pay a dividend?
Yes — SELECT MEDICAL HOLDINGS CORP paid $31.4M in cash dividends during FY2025, per its SEC cash-flow statement.
Full SEM analysis — verdict, score & filings →Is SEM a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.