Cross Country Healthcare Inc (CCRN) is a leading provider of healthcare staffing and workforce solutions. The company operates in the highly competitive healthcare industry, which is characterized by a growing demand for qualified healthcare professionals. As a result, Cross Country Healthcare Inc (CCRN) has been able to generate strong financial performance over the years, as evidenced by its income statement. For the latest fiscal year, the company reported a total revenue of $815 million, representing a growth of 15% compared to the previous year. The company's gross profit for the same period stood at $179 million, indicating a gross profit margin of 22%. This highlights the company's ability to generate value from its operations.
In terms of profitability, Cross Country Healthcare Inc (CCRN) reported a net income from stockholders of $15 million for the latest fiscal year. This reflects a net profit margin of 2%, which is relatively low compared to its peers in the industry. However, it should be noted that the company has been investing heavily in its growth initiatives, which have impacted its profitability in the short term. Moving on to the balance sheet, Cross Country Healthcare Inc (CCRN) has a strong financial position with total assets of $800 million and total liabilities of $600 million. This gives the company a solid stockholders equity of $200 million, indicating a healthy financial position.
In terms of cash flow, Cross Country Healthcare Inc (CCRN) has been able to generate consistent operating cash flow over the years. The company reported an operating cash flow of $30 million for the latest fiscal year, indicating its ability to generate cash from its core operations. This has allowed the company to meet its financial obligations and invest in growth opportunities. Additionally, Cross Country Healthcare Inc (CCRN) has a strong liquidity position with cash equivalents of $50 million and no net debt. This provides the company with the financial flexibility to pursue its strategic objectives.
In summary, Cross Country Healthcare Inc (CCRN) has demonstrated strong financial performance, with growing revenue, solid profitability, and a strong balance sheet. The company's ability to generate consistent cash flow and maintain a strong liquidity position further reinforces its financial stability. Overall, Cross Country Healthcare Inc (CCRN) is well-positioned to capitalize on the growing demand for healthcare staffing and workforce solutions, and its strong financial position provides a solid foundation for future growth and success.