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PACS · CIK 0002001184 · FY2025 live · 2025-12-31

PACS Group, Inc.

DistressSEC 10-KZ″Healthcare53rd percentile in Healthcare · 79 names

View as

Model

Z″

FY2025

0.85

Zone

Distress

vs FY2024

+0.50

Market DD

—

1y PD

—

Meridian Rank

53.93

0–100 · Z″ tape · not a PD

  • Book standing

    45

  • Year change

    83

  • Market PD

    —

  • O-score

    39

Events on this name

Same published rows as Today. Not a live recompute.

  • Market PD unavailable

    watch · 45

0.85

Classic Z 1.34

−21.12.68+

Z″ 0.85 · distress below 1.10, grey to 2.60, safe above.

FY2024SEC 10-K printsFY2025 · 0.85

Z″ factor contributions

  • X1 Working capital / assets

    Short-term liquidity. Carries more weight in Z″ than in classic Z.

    0.01
    6.56 × = 0.08

  • X2 Retained earnings / assets

    Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.

    0.06
    3.26 × = 0.18

  • X3 EBIT / assets

    Operating return on assets. Highest weight in Z″.

    0.06
    6.72 × = 0.37

  • X4 Book equity / liabilities

    Book equity versus the liability stack. Sales / assets is omitted so asset-light names are not punished for turnover.

    0.20
    1.05 × = 0.21

Five-year path

Z″ plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 2 annual filings.

Overview

rule-v1

PACS Group, Inc. is on Z″ at 0.85 (distress) for FY2025, from an SEC 10-K. EBIT / assets is the line that sets the print. Versus FY2024 the live print is still distress (+0.50 from 0.35). No market tape loaded. Z″ drops sales/assets so asset-light names are not punished for turnover. X4 is book equity on every name.

Book screen Distress; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Z″ scores · 53rd percentile in Healthcare.

KPI widgets

Current assets

$1.1B

Total assets

$5.6B

Current liabilities

$1.0B

Total liabilities

$4.6B

Working capital

$68M

Retained earnings

$310M

EBIT

$310M

Total sales

$5.3B

Book equity

$947M

Accession 0002001184-26-000005. Live rank is the latest 10-K on EDGAR (FY2025, period 2025-12-31). Z″ is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.