Concentra reports preliminary 2025 results, exceeds guidance

Concentra Group Holdings Parent (NYSE: CON) reported preliminary fourth-quarter 2025 revenue of $539.1 million, representing a 15.9% increase from $465.0 million in the same period of 2024. The occupational health services provider also posted full-year 2025 revenue of $2.16 billion, up 13.9% from $1.90 billion in 2024.

For the fourth quarter, the company expects net income of $36.2 million compared to $22.8 million in the prior year period. Full-year net income reached $172.8 million, slightly higher than $171.9 million in 2024. Adjusted EBITDA for the quarter was $95.3 million, up 22.9% from $77.5 million in Q4 2024.

Patient visits totaled 3.26 million in the fourth quarter, or 51,005 visits per day, representing a 9.0% increase in daily visits compared to the same period in 2024. Revenue per visit increased 3.1% to $149.63 from $145.08 in the prior year quarter.

The company expanded significantly during 2025, adding over 300 locations to reach 628 occupational health centers and 411 onsite health clinics by year-end, compared to 552 and 157 respectively at the end of 2024.

For 2026, Concentra provided guidance of revenue between $2.25 billion and $2.35 billion, with adjusted EBITDA expected in the range of $450 million to $470 million. The company projects free cash flow of $200 million to $225 million and capital expenditures between $70 million and $80 million.

Concentra will release complete fourth-quarter and full-year 2025 financial results on February 26, 2026, and host a conference call on February 27, 2026.

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