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Concord Medical Services vs SBC Medical: revenue, profit, margins and growth compared

Concord Medical Services brought in $65.9M of revenue in fiscal 2025, SBC Medical $173.6M in fiscal 2025. Revenue changed by +25.2% at Concord Medical Services and -15.5% at SBC Medical on the year before, so Concord Medical Services grew faster. Concord Medical Services kept -20.2% of its revenue as net profit, SBC Medical 29.4%. Free cash flow was -$36.9M at Concord Medical Services and $23.3M at SBC Medical.

Side by side, latest fiscal year

CCMSBC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$65.9M$173.6M
Revenue growth+25.2%-15.5%
Net income-$13.3M$51M
Net margin-20.2%29.4%
Free cash flow-$36.9M$23.3M
Free cash flow margin-56.1%13.4%
Earnings per share (diluted)-$0.10$0.50
Cash$42.6M$163.8M
Debt$431.3M$42.8M
Price to earningsn/a9.8
Market value$15.6M$504M
Dividend yieldn/an/a
Rank by revenue in sector#351 of 646 · Health care#270 of 646 · Health care

Over the years

Revenue
CCM FY2018: $27.8MCCM FY2019: $28.5MCCM FY2020: $34.2MCCM FY2021: $76.2MCCM FY2022: $68.4MCCM FY2023: $75.7MCCM FY2024: $52.6MCCM FY2025: $65.9MSBC FY2023: $193.5MSBC FY2024: $205.4MSBC FY2025: $173.6MFY18FY19FY20FY21FY22FY23FY24FY25
CCM $65.9MSBC $173.6M
Net income
CCM FY2018: -$34.2MCCM FY2019: -$44.1MCCM FY2020: -$47.5MCCM FY2021: -$42.6MCCM FY2022: -$71MCCM FY2023: -$41.9MCCM FY2024: -$42.2MCCM FY2025: -$13.3MSBC FY2023: $39.4MSBC FY2024: $46.6MSBC FY2025: $51MFY18FY19FY20FY21FY22FY23FY24FY25
CCM -$13.3MSBC $51M
Net margin
CCM FY2018: -123.0%CCM FY2019: -154.8%CCM FY2020: -139.0%CCM FY2021: -55.9%CCM FY2022: -103.7%CCM FY2023: -55.4%CCM FY2024: -80.3%CCM FY2025: -20.2%SBC FY2023: 20.3%SBC FY2024: 22.7%SBC FY2025: 29.4%FY18FY19FY20FY21FY22FY23FY24FY25
CCM -20.2%SBC 29.4%
Revenue growth
CCM FY2019: +2.6%CCM FY2020: +20.0%CCM FY2021: +123.0%CCM FY2022: -10.2%CCM FY2023: +10.6%CCM FY2024: -30.5%CCM FY2025: +25.2%SBC FY2024: +6.1%SBC FY2025: -15.5%FY19FY20FY21FY22FY23FY24FY25
CCM +25.2%SBC -15.5%
Free cash flow
CCM FY2018: -$29.7MCCM FY2019: -$61.5MCCM FY2020: -$61MCCM FY2021: -$100.2MCCM FY2022: -$63.7MCCM FY2023: -$54.9MCCM FY2024: -$75.1MCCM FY2025: -$36.9MSBC FY2023: $42.1MSBC FY2024: $18MSBC FY2025: $23.3MFY18FY19FY20FY21FY22FY23FY24FY25
CCM -$36.9MSBC $23.3M

Fiscal years as each company reports them; the two may end in different months.

Questions about Concord Medical Services and SBC Medical

Which is bigger by revenue, Concord Medical Services or SBC Medical?

SBC Medical is bigger by revenue: $173.6M in fiscal 2025, against $65.9M for Concord Medical Services in fiscal 2025.

Which keeps more of its revenue as profit, Concord Medical Services or SBC Medical?

Concord Medical Services had a net margin of -20.2% in fiscal 2025; SBC Medical had 29.4% in fiscal 2025.

Which grew revenue faster, Concord Medical Services or SBC Medical?

In their latest fiscal years revenue changed by +25.2% at Concord Medical Services and -15.5% at SBC Medical.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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