# Nutex Health Inc. (NUTX)

**Exchange:** NASDAQ  
**Sector:** Healthcare  
**Market cap:** $948M  
**Price:** $140.26 (+4.98%)

> Nutex Health Inc. is a physician-led, technology-enabled healthcare management and operations company headquartered in Houston, Texas, founded in 2011. It operates through three primary segments: the Hospital Division, Population Health Management Division, and Real Estate Division. The Hospital Division develops and manages innovative care models, including micro-hospitals, specialty hospitals, and hospital outpatient departments (HOPDs), providing 24/7 emergency, inpatient, behavioral health, imaging, laboratory, and pharmacy services across over 24 facilities in 11 states. The Population Health Management Division oversees provider networks like Independent Physician Associations (IPAs) and delivers management services through its Management Services Organizations (MSOs), supported by a cloud-based platform that aggregates clinical and claims data for efficient, holistic patient care. The Real Estate Division owns and leases land and buildings to hospital entities. Nutex Health Inc. plays a significant role in the healthcare facilities and services sector by offering cost-effective, high-quality alternatives to traditional hospitals, enhancing access to specialized emergency and outpatient care while aligning with physicians for value-based delivery.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $875M | $444M | $276M | $71M | — |
| 2024 | $480M | $196M | $131M | $52M | — |
| 2023 | $248M | $35M | -$32M | -$46M | — |
| 2022 | $219M | $15M | -$407M | -$425M | — |
| 2021 | $332M | $179M | $170M | $133M | — |
| 2020 | $274M | $158M | $153M | $106M | — |
| 2019 | $1M | $535,976 | -$7M | -$7M | — |
| 2018 | $1M | $859,356 | -$840,398 | -$950,129 | — |
| 2017 | $23,166 | -$7,315 | -$6M | $582,062 | — |
| 2016 | — | — | -$448,595 | -$7M | — |
| 2015 | $474,679 | $466,628 | -$532,988 | $83,809 | — |
| 2014 | $1M | $603,280 | -$723,432 | -$684,342 | — |
| 2013 | $1M | $965,175 | -$727,381 | $250,489 | — |
| 2012 | $2M | $810,381 | -$2M | -$2M | — |
| 2011 | $2M | $1M | -$844,577 | -$383,393 | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $919M | $495M | $329M | $186M | $29M |
| 2024 | $655M | $467M | $132M | $41M | $22M |
| 2023 | $398M | $319M | $61M | $22M | $26M |
| 2022 | $432M | $311M | $96M | $34M | $23M |
| 2021 | $395M | $203M | $115M | $36M | $79M |
| 2020 | $169,857 | $1M | -$1M | $26,931 | — |
| 2019 | $7M | $5M | $2M | $1M | — |
| 2018 | $449,428 | $2M | -$1M | $119,267 | $299,996 |
| 2017 | $3M | $959,780 | -$997,224 | $9,449 | — |
| 2016 | $510,835 | $6M | -$6M | $10,522 | — |
| 2015 | $8M | $6M | $2M | $122,291 | — |
| 2014 | $280,786 | $285,277 | -$4,491 | $126,833 | — |
| 2013 | $1M | — | $556,187 | $26,870 | — |
| 2012 | $745,919 | — | $305,698 | $104,721 | — |
| 2011 | $2M | $2M | $2M | $224,800 | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $248M | $3M | $246M |
| 2024 | $23M | $2M | $21M |
| 2023 | $1M | $9M | -$8M |
| 2022 | $51M | $15M | $36M |
| 2021 | $173M | $37M | $137M |
| 2020 | $87M | $61M | $25M |
| 2019 | -$4M | $84,002 | -$4M |
| 2018 | -$480,049 | — | -$480,049 |
| 2017 | -$714,623 | — | — |
| 2016 | -$274,223 | — | — |
| 2015 | $44,907 | -$1,797 | $43,110 |
| 2014 | $159,202 | -$2,026 | $157,176 |
| 2013 | -$183,151 | — | — |
| 2012 | -$518,687 | -$8,057 | -$526,744 |
| 2011 | -$659,136 | -$19,391 | -$678,527 |

Source: [CompaniesByCap](https://companiesbycap.com/company/NUTX)