RadNet reported an EPS of $0.22, beating the estimated $0.21 and reflecting a 46.67% earnings surprise.
The company achieved a revenue of approximately $477.1 million, surpassing the estimated $459.4 million.
Record Adjusted EBITDA of $75 million for Q4 2024, indicating strong operational performance and growth in the digital health space.
RadNet, Inc. (NASDAQ:RDNT) is a leading provider of outpatient diagnostic imaging services. The company operates in the medical diagnostic imaging sector, offering a range of services including MRI, CT, and PET scans. RadNet competes with other healthcare service providers, focusing on delivering high-quality imaging services to patients across the United States.
On February 28, 2025, RadNet reported earnings per share (EPS) of $0.22, surpassing the estimated $0.21. This performance reflects a 46.67% earnings surprise compared to the Zacks Consensus Estimate of $0.15 per share, as highlighted by Zacks. The EPS also improved from $0.20 in the same quarter last year, showcasing the company’s growth trajectory.
RadNet achieved a revenue of approximately $477.1 million, exceeding the estimated $459.4 million. This revenue figure represents a 13.5% increase from $420.4 million in the same period of 2023. The company’s Digital Health segment contributed significantly, with a 28.1% revenue boost, reaching $18.9 million compared to $14.7 million the previous year.
The company reported a record Adjusted EBITDA of $75 million for the fourth quarter of 2024, a 14% rise from $65.8 million in the fourth quarter of 2023. The Digital Health segment’s Adjusted EBITDA surged by 61.6% to $4.5 million, up from $2.8 million in the prior year. This indicates strong operational performance and growth in the digital health space.
RadNet’s financial metrics reveal a high valuation with a price-to-earnings (P/E) ratio of approximately 318.17. The price-to-sales ratio stands at about 2.41, and the enterprise value to sales ratio is approximately 2.96. The debt-to-equity ratio is around 1.94, indicating a higher level of debt compared to equity. The current ratio of about 2.16 suggests a strong ability to cover short-term liabilities.
