Credit and interest ratesnegative · 5 filings
“As of June 30, 2026, the Term SOFR rate was 3.65% and we had $638.1 million of our Term Loan borrowings subject to variable interest rates.”10-Q · Aug 6, 2026 ↗
Concentra Group Holdings Parent, Inc.
CON
Market read
Concentra Group Holdings Parent, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
What changed
- Revenue increased 10.0% versus the comparable filing period.
Company+1.9% todayVolume comparison unavailable
Market group0 of 1 activeOccupational Health Services · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Three-month total VPD volume rose 2.6% on organic growth, giving a current operating measure to compare with revenue growth in later reports.
Invalidation: The isolated read changes if CON's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 10.0% versus the comparable filing period.
- Operating margin improved 2.7 percentage points.
- Net income increased 46.5% versus the comparable filing period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Three-month total VPD volume rose 2.6% on organic growth, giving a current operating measure to compare with revenue growth in later reports.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods4
Price observations328
Usable filing statements122
Verified relationships3
Evidence supporting the case
- Latest annual revenue changed +13.9% year over year.
- Operating cash flow covered net income at 1.68x in the latest annual period.
Evidence challenging the case
- Net margin changed -1.1 percentage points in the latest annual period.
- Diluted shares increased 12.3% in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
Questions before a position
- EV/sales is 24% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
34.926m+59.2%12m+61.4%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-12-31$1.7B—$1.60—
2023-12-31$1.8B+6.6%$1.73+0.4%
2024-12-31$1.9B+3.4%$1.46+9.6%
2025-12-31$2.2B+13.9%$1.30+12.3%
What management says matters
Persistent and emerging business drivers
Legal and regulatory exposuremixed · 1 filings
“Medicare and Medicaid represents less than 1% of our source of revenue, as such, we are not significantly impacted by regulatory changes to these programs.”10-K · Feb 26, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 2.1× · EV/sales 2.0×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
34.92+1.9% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for CON. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
Fundamentals strengthened in the latest filing
10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.
OperationsconstructiveEvidence score +3
liquidityneutralEvidence score 0
valuationmixed
Capital and cash conversion
Cash conversion improved
Capital-spending intensity declined while free-cash-flow margin improved.
- Capital spending YoY
- -34.7%
- Capital spending / revenue
- +2.3%
- Free-cash-flow margin
- +11.0%
- FCF margin change
- +5.4 pts
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
What improved
- Revenue increased 10.0% versus the comparable filing period.
- Operating margin improved 2.7 percentage points.
- Net income increased 46.5% versus the comparable filing period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The decrease in general and administrative expense as a percentage of revenue is primarily due to one-time Nova and Pivot Onsite Innovations expenses that were incurred during the second quarter of 2025, offset by increased personnel costs due to the planned addition of new full-time employees and other non-personnel costs to support the separation from Select and operate as a standalone public company, stock compensation expense, and one-time costs to separate from Select.”
“General and administrative expense as a percentage of revenue remained flat compared to prior period primarily due to one-time Nova and Pivot Onsite Innovations expenses that were incurred during 2025, offset by increased personnel costs due to the planned addition of new full-time employees and other non-personnel costs to support the separation from Select and operate as a standalone public company, stock compensation expense, and one-time costs to separate from Select.”
“The cost of services expense as a percentage of revenue decreased primarily due to increased staffing efficiencies and Nova expenses that were incurred during the second quarter of 2025 that were eliminated through synergies in 2025, relative to a 10.0% increase in revenue during the period.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
The relationships behind CON
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
NVMINova Ltd.investeeNov 6, 2025 ▾
“On March 1, 2025, we acquired Nova and financed the transaction using a combination of $102.1 million of new debt financing under the Credit Agreement, $50.0 million of available borrowing capacity under our existing Revolving Credit Facility, and the remaini…”
GOCOQFiling-linked namepartnerFeb 26, 2026 ▾
“These groups include the following: • Consumer-focused urgent care providers like American Family Care Urgent Care, CareNow Urgent Care, and GoHealth Urgent Care • Emergency rooms, including hospital-owned ERs and independent freestanding ERs • Primary care a…”
Depended on by
SEMFiling-linked namepartnerApr 30, 2026 ▾
“The increase in general and administrative expenses was principally attributable to an increase in personnel expense, partially due to the timing of accrued bonuses and a decrease in support services costs charged to Concentra Group Holdings Parent, Inc.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
CON is currently a Leader in the organic co-movement group Occupational Health Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for CON; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.