Select Medical Holdings
Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States. It operates through three segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, and Outpatient Rehabilitation. The Critical Illness Recovery Hospital segment consists of hospitals that pr… Read more
Select Medical Holdings (SEM) - Net Assets
Latest net assets as of December 2025: $2.04 Billion USD
Based on the latest financial reports, Select Medical Holdings (SEM) has net assets worth $2.04 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.85 Billion) and total liabilities ($3.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.04 Billion |
| % of Total Assets | 34.79% |
| Annual Growth Rate | N/A |
| 5-Year Change | 49.15% |
| 10-Year Change | 124.72% |
| Growth Volatility | 27.83 |
Select Medical Holdings - Net Assets Trend (2005–2025)
This chart illustrates how Select Medical Holdings's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Select Medical Holdings (2005–2025)
The table below shows the annual net assets of Select Medical Holdings from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $2.04 Billion | +1.94% |
| 2024-12-31 | $2.00 Billion | +26.88% |
| 2023-12-31 | $1.57 Billion | +13.19% |
| 2022-12-31 | $1.39 Billion | +1.88% |
| 2021-12-31 | $1.36 Billion | -17.33% |
| 2020-12-31 | $1.65 Billion | -13.26% |
| 2019-12-31 | $1.90 Billion | +107.76% |
| 2018-12-31 | $916.24 Million | -1.75% |
| 2017-12-31 | $932.60 Million | +2.95% |
| 2016-12-31 | $905.90 Million | -0.29% |
| 2015-12-31 | $908.52 Million | +17.19% |
| 2014-12-31 | $775.24 Million | -5.30% |
| 2013-12-31 | $818.64 Million | +9.81% |
| 2012-12-31 | $745.48 Million | -12.84% |
| 2011-12-31 | $855.33 Million | +4.89% |
| 2010-12-31 | $815.41 Million | +5.96% |
| 2009-12-31 | $769.55 Million | +562.47% |
| 2008-12-31 | $-166.40 Million | -3.92% |
| 2007-12-31 | $-160.13 Million | +3.87% |
| 2006-12-31 | $-166.57 Million | +30.68% |
| 2005-12-31 | $-240.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Select Medical Holdings's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1614.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $837.02 Million | 49.08% |
| Common Stock | $124.00K | 0.01% |
| Other Comprehensive Income | $-6.40 Million | -0.38% |
| Other Components | $874.85 Million | 51.29% |
| Total Equity | $1.71 Billion | 100.00% |
Select Medical Holdings Competitors by Market Cap
The table below lists competitors of Select Medical Holdings ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Advertising Co Ltd
SHE:002400
|
$1.68 Billion |
|
Boxer Retail Ltd
JSE:BOX
|
$1.69 Billion |
|
Innospec Inc
NASDAQ:IOSP
|
$1.69 Billion |
|
Aditya Birla Sun Life AMC Limited
NSE:ABSLAMC
|
$1.69 Billion |
|
BioCryst Pharmaceuticals Inc
NASDAQ:BCRX
|
$1.68 Billion |
|
JAPAN AIRPORT TER.
F:0JA
|
$1.68 Billion |
|
Tecan Group AG
SW:TECN
|
$1.68 Billion |
|
GalaxyCore Inc
SHG:688728
|
$1.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Select Medical Holdings's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,681,355,000 to 1,705,584,000, a change of 24,229,000 (1.4%).
- Net income of 146,219,000 contributed positively to equity growth.
- Dividend payments of 31,435,000 reduced retained earnings.
- Share repurchases of 100,077,000 reduced equity.
- Other comprehensive income decreased equity by 6,404,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $146.22 Million | +8.57% |
| Dividends Paid | $31.43 Million | -1.84% |
| Share Repurchases | $100.08 Million | -5.87% |
| Other Comprehensive Income | $-6.40 Million | -0.38% |
| Other Changes | $15.93 Million | +0.93% |
| Total Change | $- | 1.44% |
Book Value vs Market Value Analysis
This analysis compares Select Medical Holdings's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $-4.01 | $16.26 | x |
| 2006-12-31 | $-2.77 | $16.26 | x |
| 2007-12-31 | $-2.73 | $16.26 | x |
| 2008-12-31 | $-2.92 | $16.26 | x |
| 2009-12-31 | $8.94 | $16.26 | x |
| 2010-12-31 | $5.11 | $16.26 | x |
| 2011-12-31 | $5.67 | $16.26 | x |
| 2012-12-31 | $5.36 | $16.26 | x |
| 2013-12-31 | $5.97 | $16.26 | x |
| 2014-12-31 | $5.99 | $16.26 | x |
| 2015-12-31 | $7.11 | $16.26 | x |
| 2016-12-31 | $7.08 | $16.26 | x |
| 2017-12-31 | $7.22 | $16.26 | x |
| 2018-12-31 | $7.03 | $16.26 | x |
| 2019-12-31 | $5.92 | $16.26 | x |
| 2020-12-31 | $8.17 | $16.26 | x |
| 2021-12-31 | $8.52 | $16.26 | x |
| 2022-12-31 | $9.00 | $16.26 | x |
| 2023-12-31 | $10.47 | $16.26 | x |
| 2024-12-31 | $13.49 | $16.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Select Medical Holdings utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.68%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 3.43x
- Recent ROE (8.57%) is below the historical average (13.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 0.00% | -1.50% | 0.86x | 0.00x | $-3.46 Million |
| 2006 | 0.00% | 5.12% | 0.85x | 0.00x | $111.79 Million |
| 2007 | 0.00% | 1.78% | 0.80x | 0.00x | $52.02 Million |
| 2008 | 0.00% | 1.04% | 0.83x | 0.00x | $39.86 Million |
| 2009 | 9.78% | 3.36% | 0.86x | 3.38x | $-1.67 Million |
| 2010 | 9.52% | 3.25% | 0.88x | 3.34x | $-3.90 Million |
| 2011 | 12.61% | 3.85% | 1.01x | 3.24x | $22.31 Million |
| 2012 | 19.88% | 5.03% | 1.07x | 3.70x | $73.68 Million |
| 2013 | 13.97% | 3.84% | 1.06x | 3.44x | $32.53 Million |
| 2014 | 15.56% | 3.94% | 1.05x | 3.77x | $43.10 Million |
| 2015 | 14.39% | 3.49% | 0.85x | 4.87x | $39.88 Million |
| 2016 | 12.74% | 2.69% | 0.87x | 5.46x | $24.82 Million |
| 2017 | 19.00% | 3.99% | 0.87x | 5.50x | $83.92 Million |
| 2018 | 15.04% | 2.71% | 0.85x | 6.51x | $46.22 Million |
| 2019 | 19.25% | 2.72% | 0.74x | 9.52x | $71.35 Million |
| 2020 | 24.42% | 4.68% | 0.72x | 7.22x | $152.95 Million |
| 2021 | 36.24% | 6.48% | 0.84x | 6.63x | $291.23 Million |
| 2022 | 14.17% | 2.51% | 0.83x | 6.83x | $46.80 Million |
| 2023 | 18.90% | 3.65% | 0.87x | 5.97x | $114.66 Million |
| 2024 | 12.73% | 4.13% | 0.92x | 3.34x | $45.90 Million |
| 2025 | 8.57% | 2.68% | 0.93x | 3.43x | $-24.34 Million |
Industry Comparison
This section compares Select Medical Holdings's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $250,407,165
- Average return on equity (ROE) among peers: -38.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Select Medical Holdings (SEM) | $2.04 Billion | 0.00% | 1.87x | $1.68 Billion |
| Addus HomeCare Corporation (ADUS) | $113.86 Million | 16.82% | 0.44x | $1.75 Billion |
| agilon health Inc (AGL) | $126.73 Million | -319.84% | 9.03x | $166.17 Million |
| Airsculpt Technologies Inc (AIRS) | $123.68 Million | 6.13% | 0.45x | $16.62 Million |
| Amedisys Inc (AMED) | $454.23 Million | -18.40% | 0.61x | $3.26 Billion |
| AMN Healthcare Services Inc (AMN) | $347.86 Million | 23.54% | 1.53x | $624.22 Million |
| American Shared Hospital Service (AMS) | $20.85 Million | 8.48% | 1.33x | $7.93 Million |
| American Oncology Network Inc. (AONC) | $226.04 Million | -0.05% | 0.10x | $112.23 Million |
| Ardent Health Partners, Inc. (ARDT) | $1.08 Billion | 4.65% | 3.71x | $225.22 Million |
| Arem Pacific Corporation (ARPC) | $-45.09K | 0.00% | 0.00x | $246.12K |
| Astrana Health Inc (ASTH) | $8.55 Million | -109.27% | 1.29x | $1.08 Billion |