BTSG (BrightSpring Health Services) Return-on-Tangible-Asset: 18.44% (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BTSG BrightSpring Health Services Inc BTSG
40 GF Score
Price $69.98
! 7 Warning Signs
View Full Analysis

What is BrightSpring Health Services Return-on-Tangible-Asset?

BrightSpring Health Services BTSG +2.51% 40 Return-on-Tangible-Asset is 18.44% as of Mar. 2026. GuruFocus rates BTSG with a GF Score™ of 40/100. The stock has 7 warning signs investors should review. Among 683 Healthcare Providers & Services companies, BrightSpring Health Services ranks better than 80.67% on this metric.

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. BrightSpring Health Services's annualized Net Income for the quarter that ended in Mar. 2026 was $595 Mil. BrightSpring Health Services's average total tangible assets for the quarter that ended in Mar. 2026 was $3,226 Mil. Therefore, BrightSpring Health Services's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.44%.

The historical rank and industry rank for BrightSpring Health Services's Return-on-Tangible-Asset or its related term are showing as below:

BTSG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.86   Med: -0.72   Max: 9.97
Current: 9.97

During the past 8 years, BrightSpring Health Services's highest Return-on-Tangible-Asset was 9.97%. The lowest was -7.86%. And the median was -0.72%.

BTSG's Return-on-Tangible-Asset is ranked better than
80.67% of 683 companies
in the Healthcare Providers & Services industry
Industry Median: 2.43 vs BTSG: 9.97

BrightSpring Health Services  (NAS:BTSG) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


BrightSpring Health Services Return-on-Tangible-Asset Related Terms


BrightSpring Health Services Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for BrightSpring Health Services's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BrightSpring Health Services Return-on-Tangible-Asset Chart

BrightSpring Health Services Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 2.83 -2.97 -7.86 -0.72 6.07

BrightSpring Health Services Quarterly Data
Sep20 Dec20 Jun21 Sep21 Dec21 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.02 3.80 7.22 9.53 18.44

BTSG vs TEM, HQY, HNGE: Return-on-Tangible-Asset Comparison

For the Health Information Services subindustry, BrightSpring Health Services's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BrightSpring Health Services Return-on-Tangible-Asset vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, BrightSpring Health Services's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where BrightSpring Health Services's Return-on-Tangible-Asset falls into.


BTSG
40GF Score
BrightSpring Health Services Inc BTSG
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BrightSpring Health Services Return-on-Tangible-Asset Calculation

BrightSpring Health Services's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=190.666/( (2967.032+3310.083)/ 2 )
=190.666/3138.5575
=6.07 %

BrightSpring Health Services's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=595.068/( (3310.083+3142.875)/ 2 )
=595.068/3226.479
=18.44 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2026) net income data.

What does a Return-on-Tangible-Asset of 18.44% mean?
BrightSpring Health Services (BTSG) has a Return-on-Tangible-Asset of 18.44% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BrightSpring Health Services and its competitors. According to the industry distribution chart, BrightSpring Health Services ranks #132 out of 683 companies in the Healthcare Providers & Services industry, placing it in the top 19.3%.
Is BrightSpring Health Services' Return-on-Tangible-Asset too high?
BrightSpring Health Services' current Return-on-Tangible-Asset is 18.44%. The Healthcare Providers & Services industry median Return-on-Tangible-Asset is 2.43. BrightSpring Health Services' value of 18.44% is 658.8% above this industry median. Based on the distribution chart, BrightSpring Health Services ranks #132 out of 683 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, BrightSpring Health Services has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does BrightSpring Health Services' Return-on-Tangible-Asset compare to TEM and HQY?
According to the Healthcare Providers & Services industry distribution chart, BrightSpring Health Services ranks #132 out of 683 companies for Return-on-Tangible-Asset. This places BrightSpring Health Services in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.43. BrightSpring Health Services' value of 18.44% is 658.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Healthcare Providers & Services company?
The median Return-on-Tangible-Asset among Healthcare Providers & Services companies is 2.43, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BrightSpring Health Services's current Return-on-Tangible-Asset of 18.44% is 658.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on BrightSpring Health Services and its competitors. For the Healthcare Providers & Services industry, the median Return-on-Tangible-Asset is 2.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BrightSpring Health Services's current Return-on-Tangible-Asset is 18.44%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BrightSpring Health Services stock overvalued right now?
BrightSpring Health Services (BTSG) has a current Return-on-Tangible-Asset of 18.44%. The current Return-on-Tangible-Asset is 18.44% and 658.8% above the Healthcare Providers & Services industry median of 2.43. BrightSpring Health Services' overall GF Score™ is 40/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For BrightSpring Health Services (BTSG), the current Return-on-Tangible-Asset is 18.44% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BrightSpring Health Services Business Description

Address 805 N. Whittington Parkway, Louisville, KY, USA, 40222
BrightSpring Health Services Inc is a home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations. Its segments include Pharmacy Solutions, Provider Services, and others. It generates the majority of its revenue from the Pharmacy Solutions segment.
40GF Score

Get the complete analysis for BTSG

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$69.98
Price