Medicare was Pennant’s largest revenue line in fiscal 2025, bringing in $458.30M of $947.71M (48%).
| Customer | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Medicare | $231.75M | $263.81M | $335.86M | $458.30M | |||||
| Private & Other | $116.45M | $130.00M | $174.98M | $223.00M | |||||
| Medicaid | $62.93M | $77.34M | $91.70M | $124.03M | |||||
| Managed Care | $62.10M | $73.75M | $92.70M | $142.38M | |||||
| Total | $473.24M | $544.89M | $695.24M | $947.71M |
Pennant brought in $947.71M from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 36.3% from $695.24M in fiscal 2024. Medicare was the largest at $458.30M (48.4%), ahead of Private & Other at $223.00M (23.5%) and Managed Care at $142.38M (15.0%). The remaining revenue line, Medicaid, brought in $124.03M.
Compared with fiscal 2024, Managed Care grew fastest, up 53.6% to $142.38M. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $473.24M to $947.71M, a compound annual growth rate of 26.0%. Medicare's share of the total fell from 49.0% to 48.4%.
Home Health & Hospice Services was Pennant’s largest segment in fiscal 2025, bringing in $731.39M of $947.71M (77%).
| Segment | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Home Health & Hospice Services | $337.37M | $385.65M | $515.34M | $731.39M | |||||
| Senior Living Services | $126.76M | $148.20M | $174.77M | $210.08M | |||||
| All Other | $9.11M | $11.04M | $5.13M | $6.24M | |||||
| Total | $473.24M | $544.89M | $695.24M | $947.71M |
Pennant brought in $947.71M from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 36.3% from $695.24M in fiscal 2024. Home Health & Hospice Services was the largest at $731.39M (77.2%), ahead of Senior Living Services at $210.08M (22.2%) and All Other at $6.24M (0.7%).
Compared with fiscal 2024, Home Health & Hospice Services grew 41.9% to $731.39M and Senior Living Services grew 20.2% to $210.08M. From fiscal 2022 to 2025, combined revenue from these segments grew from $473.24M to $947.71M, a compound annual growth rate of 26.0%. Home Health & Hospice Services' share of the total rose from 71.3% to 77.2%.
Pennant (PNTG) reports its revenue by customer and by segment. In fiscal 2025, Medicare was its largest revenue line, bringing in $458.30M (48.4% of the total), followed by Private & Other at $223.00M (23.5%).
Medicare was Pennant's largest revenue line in fiscal 2025, bringing in $458.30M, or 48.4% of the $947.71M total across its four revenue lines.
Home Health & Hospice Services was Pennant's largest segment in fiscal 2025, bringing in $731.39M, or 77.2% of the $947.71M total across its three segments.
Among Pennant's revenue lines that make up at least 2% of revenue, Managed Care grew fastest in fiscal 2025, up 53.6% from $92.70M to $142.38M.
Every figure comes from Pennant's annual financial filings, as reported. Each line keeps the name Pennant gives it, and years follow its fiscal calendar.
Pennant's revenue by customer goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.