Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Concentra Group Holdings Parent, Inc.
Physical assets are 23.3% of total assets, a light footprint. Capex is 1.09x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. ROIC is 10.7%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 3.05x. Compare it with other names in the same basket.
Physical asset ratio
23.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$708.96MpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$3.04BtotalAssetsInventory was not reported and is treated as zero.Result 23.3%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
3.05xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$2.16BtotalRevenueNet PP&E$708.96MpropertyPlantEquipmentResult 3.05x
Revenue per dollar of the physical asset base.
Capex / D&A
1.09xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$82.34McapitalExpendituresD&A$75.82MdepreciationAndAmortizationResult 1.09x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$10.15Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.04BtotalAssetsGoodwill$1.48BgoodWillIntangibles$242.56MintangibleAssetsLiabilities$2.62BtotalLiabTangible book-$1.30BShares128,170,999commonStockSharesOutstandingResult -$10.15
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—Price / tangible bookPrice / tangible book per sharePrice$40.59Latest quoteTangible book / share-$10.152025-12-31Tangible book per share is not positive, so the multiple is left blank.Result —
Price $40.59.
Fixed-charge coverage
2.72xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$408.93MebitdaCapex$82.34McapitalExpendituresInterest$109.29MinterestExpenseShort-term debt$10.74MshortLongTermDebtEBITDA − capex$326.60MPrincipal due is the current portion of debt.Result 2.72x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
3.9%Free cash flow yield · 2025-12-31Latest free cash flow / current market capFree cash flow$197.06MfreeCashFlowMarket cap$5.10BMarketCapitalizationResult 3.9%
Latest free cash flow divided by current market cap ($5.10B).
ROIC
10.7%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$333.99MoperatingIncomeTax expense$50.98MincomeTaxExpensePretax income$223.83MincomeBeforeTaxTax rate22.8%Equity$393.28MtotalStockholderEquityDebt$2.10BshortLongTermDebtTotalCash$79.90McashInvested capital$2.42BResult 10.7%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.47x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2021 | —Physical asset ratio · 2021-12-31(Net PP&E + inventory) / total assetsNet PP&E—Not reportedInventory—Not reportedTotal assets—Not reportedResult — | —Fixed asset turnover · 2021-12-31Revenue / net PP&ERevenue$1.73BtotalRevenueNet PP&E—Not reportedResult — | 0.57xCapex / D&A · 2021-12-31Capital expenditures / depreciation and amortizationCapex$46.79McapitalExpendituresD&A$82.21MdepreciationAndAmortizationResult 0.57x | —Tangible book / share · 2021-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets—Not reportedGoodwill$0.00Not reported, treated as 0Intangibles$0.00Not reported, treated as 0Liabilities—Not reportedTangible book—Shares126,593,503commonStockSharesOutstandingGoodwill was not reported and is treated as zero.Intangibles were not reported and are treated as zero.Result — | 10.76xFixed-charge coverage · 2021-12-31(EBITDA − capex) / interestEBITDA$389.63MebitdaCapex$46.79McapitalExpendituresInterest$31.86MinterestExpenseEBITDA − capex$342.84MShort-term debt was not reported, so the denominator is interest only.Result 10.76x | $243.85MFree cash flow · 2021-12-31Reported free cash flowOperating cash flow$290.64MtotalCashFromOperatingActivitiesCapex$46.79McapitalExpendituresFree cash flow$243.85MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $243.85M | —ROIC · 2021-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$270.27MoperatingIncomeTax expense$59.53MincomeTaxExpensePretax income$275.56MincomeBeforeTaxTax rate21.6%Equity—Not reportedDebt—Not reportedCash—Not reportedInvested capital—Result — | —EBIT / PP&E · 2021-12-31Operating income / net PP&EOperating income$270.27MoperatingIncomeNet PP&E—Not reportedResult — |
| 2022 | 23.2%Physical asset ratio · 2022-12-31(Net PP&E + inventory) / total assetsNet PP&E$533.93MpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$2.30BtotalAssetsInventory was not reported and is treated as zero.Result 23.2% | 3.23xFixed asset turnover · 2022-12-31Revenue / net PP&ERevenue$1.72BtotalRevenueNet PP&E$533.93MpropertyPlantEquipmentResult 3.23x | 0.62xCapex / D&A · 2022-12-31Capital expenditures / depreciation and amortizationCapex$45.98McapitalExpendituresD&A$73.67MdepreciationAndAmortizationResult 0.62x | -$3.77Tangible book / share · 2022-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.30BtotalAssetsGoodwill$1.23BgoodWillIntangibles$247.58MintangibleAssetsLiabilities$1.30BtotalLiabTangible book-$477.33MShares126,593,503commonStockSharesOutstandingResult -$3.77 | 8.53xFixed-charge coverage · 2022-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$330.20MebitdaCapex$45.98McapitalExpendituresInterest$31.64MinterestExpenseShort-term debt$1.67MshortLongTermDebtEBITDA − capex$284.22MPrincipal due is the current portion of debt.Result 8.53x | $228.35MFree cash flow · 2022-12-31Reported free cash flowOperating cash flow$274.34MtotalCashFromOperatingActivitiesCapex$45.98McapitalExpendituresFree cash flow$228.35MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $228.35M | 12.6%ROIC · 2022-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$258.22MoperatingIncomeTax expense$52.65MincomeTaxExpensePretax income$224.90MincomeBeforeTaxTax rate23.4%Equity$973.32MtotalStockholderEquityDebt$635.58MlongTermDebt + shortLongTermDebtCash$37.66McashInvested capital$1.57BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 12.6% | 0.48xEBIT / PP&E · 2022-12-31Operating income / net PP&EOperating income$258.22MoperatingIncomeNet PP&E$533.93MpropertyPlantEquipmentResult 0.48x |
| 2023 | 23.2%Physical asset ratio · 2023-12-31(Net PP&E + inventory) / total assetsNet PP&E$576.22MpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$2.49BtotalAssetsInventory was not reported and is treated as zero.Result 23.2% | 3.19xFixed asset turnover · 2023-12-31Revenue / net PP&ERevenue$1.84BtotalRevenueNet PP&E$576.22MpropertyPlantEquipmentResult 3.19x | 0.95xCapex / D&A · 2023-12-31Capital expenditures / depreciation and amortizationCapex$69.34McapitalExpendituresD&A$73.05MdepreciationAndAmortizationResult 0.95x | -$2.19Tangible book / share · 2023-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.49BtotalAssetsGoodwill$1.23BgoodWillIntangibles$224.77MintangibleAssetsLiabilities$1.31BtotalLiabTangible book-$277.08MShares126,593,503commonStockSharesOutstandingResult -$2.19 | 2.55xFixed-charge coverage · 2023-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$360.16MebitdaCapex$69.34McapitalExpendituresInterest$114.04MinterestExpenseShort-term debt$1.46KshortLongTermDebtEBITDA − capex$290.82MPrincipal due is the current portion of debt.Result 2.55x | $164.98MFree cash flow · 2023-12-31Reported free cash flowOperating cash flow$234.32MtotalCashFromOperatingActivitiesCapex$69.34McapitalExpendituresFree cash flow$164.98MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $164.98M | 19.5%ROIC · 2023-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$287.63MoperatingIncomeTax expense$57.89MincomeTaxExpensePretax income$242.63MincomeBeforeTaxTax rate23.9%Equity$1.16BtotalStockholderEquityDebt$474.75KlongTermDebt + shortLongTermDebtCash$31.37McashInvested capital$1.12BReported total debt was more than 1.5× long-term debt plus the current portion, so invested capital uses those two lines.Result 19.5% | 0.50xEBIT / PP&E · 2023-12-31Operating income / net PP&EOperating income$287.63MoperatingIncomeNet PP&E$576.22MpropertyPlantEquipmentResult 0.50x |
| 2024 | 25.1%Physical asset ratio · 2024-12-31(Net PP&E + inventory) / total assetsNet PP&E$633.53MpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$2.52BtotalAssetsInventory was not reported and is treated as zero.Result 25.1% | 3.00xFixed asset turnover · 2024-12-31Revenue / net PP&ERevenue$1.90BtotalRevenueNet PP&E$633.53MpropertyPlantEquipmentResult 3.00x | 0.96xCapex / D&A · 2024-12-31Capital expenditures / depreciation and amortizationCapex$64.33McapitalExpendituresD&A$67.18MdepreciationAndAmortizationResult 0.96x | -$8.90Tangible book / share · 2024-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$2.52BtotalAssetsGoodwill$1.23BgoodWillIntangibles$204.73MintangibleAssetsLiabilities$2.22BtotalLiabTangible book-$1.14BShares128,125,952commonStockSharesOutstandingResult -$8.90 | 3.81xFixed-charge coverage · 2024-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$368.27MebitdaCapex$64.33McapitalExpendituresInterest$69.69MinterestExpenseShort-term debt$10.09MshortLongTermDebtEBITDA − capex$303.94MPrincipal due is the current portion of debt.Result 3.81x | $210.35MFree cash flow · 2024-12-31Reported free cash flowOperating cash flow$274.68MtotalCashFromOperatingActivitiesCapex$64.33McapitalExpendituresFree cash flow$210.35MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $210.35M | 11.1%ROIC · 2024-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$304.76MoperatingIncomeTax expense$59.50MincomeTaxExpensePretax income$231.39MincomeBeforeTaxTax rate25.7%Equity$275.67MtotalStockholderEquityDebt$1.95BshortLongTermDebtTotalCash$183.26McashInvested capital$2.04BResult 11.1% | 0.48xEBIT / PP&E · 2024-12-31Operating income / net PP&EOperating income$304.76MoperatingIncomeNet PP&E$633.53MpropertyPlantEquipmentResult 0.48x |
| 2025 | 23.3%Physical asset ratio · 2025-12-31(Net PP&E + inventory) / total assetsNet PP&E$708.96MpropertyPlantEquipmentInventory$0.00Not reported, treated as 0Total assets$3.04BtotalAssetsInventory was not reported and is treated as zero.Result 23.3% | 3.05xFixed asset turnover · 2025-12-31Revenue / net PP&ERevenue$2.16BtotalRevenueNet PP&E$708.96MpropertyPlantEquipmentResult 3.05x | 1.09xCapex / D&A · 2025-12-31Capital expenditures / depreciation and amortizationCapex$82.34McapitalExpendituresD&A$75.82MdepreciationAndAmortizationResult 1.09x | -$10.15Tangible book / share · 2025-12-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assets$3.04BtotalAssetsGoodwill$1.48BgoodWillIntangibles$242.56MintangibleAssetsLiabilities$2.62BtotalLiabTangible book-$1.30BShares128,170,999commonStockSharesOutstandingResult -$10.15 | 2.72xFixed-charge coverage · 2025-12-31(EBITDA − capex) / (interest + short-term debt)EBITDA$408.93MebitdaCapex$82.34McapitalExpendituresInterest$109.29MinterestExpenseShort-term debt$10.74MshortLongTermDebtEBITDA − capex$326.60MPrincipal due is the current portion of debt.Result 2.72x | $197.06MFree cash flow · 2025-12-31Reported free cash flowOperating cash flow$279.40MtotalCashFromOperatingActivitiesCapex$82.34McapitalExpendituresFree cash flow$197.06MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result $197.06M | 10.7%ROIC · 2025-12-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating income$333.99MoperatingIncomeTax expense$50.98MincomeTaxExpensePretax income$223.83MincomeBeforeTaxTax rate22.8%Equity$393.28MtotalStockholderEquityDebt$2.10BshortLongTermDebtTotalCash$79.90McashInvested capital$2.42BResult 10.7% | 0.47xEBIT / PP&E · 2025-12-31Operating income / net PP&EOperating income$333.99MoperatingIncomeNet PP&E$708.96MpropertyPlantEquipmentResult 0.47x |
- Inventory was missing and treated as zero in the physical asset ratio.
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: $708.96M
Inventory: $0.00
Total assets: $3.04B
Goodwill: $1.48B
Intangibles: $242.56M
Liabilities: $2.62B
Tangible book: -$1.30B
Shares: 128,170,999
Revenue: $2.16B
Capex: $82.34M
D&A: $75.82M
EBITDA: $408.93M
Interest: $109.29M
Short-term debt: $10.74M
Free cash flow: $197.06M
Operating income: $333.99M
Invested capital: $2.42B
Tax rate: 22.8%